Selling a Downtown L.A. Loft: 11 THINGS TO KNOW TO PASS A HOME INSPECTION

11 High Cost Inspection Traps A Seller Should Know About Weeks Before Listing A Home For Sale  #loft #inspection #sellhome

According to industry experts, there are more than 33 physical problems that will come under scrutiny during a home inspection when a condo or house is for sale in California. A new report has been prepared which identifies the most common of these problems, and what everyone should know about them before listing a home for sale.

Q: Who pays for what inspections?

A: In a Southern California home sale, the buyer usually pays for a general home inspection ($400), and the seller usually pays for a termite inspection ($100). In Los Angeles, the seller usually also pays for a retrofit inspection  ($100), which checks smoke-CO2 detectors, low-flow toilets etc.

Q:  If I’m selling a concrete loft with no wood, do I still need to get a termite inspection?

A:  Yes, usually. In California, lenders often require a termite inspection.  So, if the home is being financed, then get a termite inspection even if the home is made of all concrete and steel or brick with no possibility of wood destroying pests such as termites. If the buyer is paying all cash, and the buyer signs a pest inspection waiver, then a termite inspection is not necessary.  Rarely, a concrete loft may have an infestation if the unit is adorned with old wood.  |  Question or Comment

Whether it’s an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not identified and dealt with, any of these 11 items could cost a fortune in terms of repair. That’s why it’s critical that a home seller read this report before listing a loft, condo or house. If one waits until the building inspector flags these issues, one will almost certainly experience costly delays in the close of a home sale or, worse, turn prospective buyers away altogether.

In most cases, a seller can make a reasonable pre-inspection first after learning what to look for. And knowing what one is looking for can help to prevent little problems from growing into costly and unmanageable troubles.

Get a free report that reveals what you need to know before you list your home for sale, and also included is a list of Greater Los Angeles Area loft inspectors. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Inspection prices are approximate, and vary. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.  |  Question or Comment

 

Downtown Los Angeles Mills Act Lofts For Sale with Property Tax Benefits

Get paid to live in an awesome historic loft!  #millsact #lofts #dtla

For those who like the ornate historic or industrial character of old buildings, the property tax savings for a Mills Act approved loft can add up to tens of thousands, even hundreds of thousands over the term of the mortgage.  That can end up paying a significant portion of the purchase price.

Selling a Hard-To-Sell Condo in Downtown L.A.
David Payne retired and purchased an ideal fixer in a beautiful desert resort community to relax and enjoy life while saving lots of money.  He knew he would not be staying at his Downtown Los Angeles condo much any more because he is retired and spends just about all of his time away from DTLA.  He was very concerned because the homes in his condo building have been selling slow lately, and several have been listed and re-listed to no avail.  He let an agent show the unit, but the agent only showed it twice in a couple months.

Dave was closing escrow soon on his desert home and needed to step it up and get the Downtown condo sold.  Condos in his building were taking an average of 55 days to sell.  Some did not sell at all; they just expired.  David knew that the condo needed to be shown to more buyers and needed more marketing than other condo units in Downtown.  He decided to take advantage of a local Guaranteed Sale Program and a database with thousands of buyers.  It worked!  The condo went into escrow in just 10 days.  Relieved, David was able to close escrow on his new home without fear of accidentally owning two homes or no home at all.  Life quickly became more comfortable for David.

UNLISTED HOME IN L.A.  Sometimes the best deals are not listed on the internet, and not yet for sale on the open market. By learning about these homes early, home buyers can often save money by putting in a lower offer.  Before competing buyer have a chance to drive up the price, you can own the home of your dreams.  Details about these pocket listings at www.PocketLA.com

Get a free list of historic Mills Act lofts for sale.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Names have been changed to protect privacy.  Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.