What Your Buyer’s Agent Doesn’t Want You To Know – Buying Without a Broker

Real Estate News ¬†— ¬†The Death of the Buyer’s Agent

The statistics in this L.A. Loft Blog post will surprise and shock home buyers and real estate agents alike. Realtors who specialize in helping buyers are facing a diminished financial future as buyers are feeling more empowered by the internet to find homes on their own. #buyersagent #homeprices

Death of the Buyer's Agent
Death of the Buyer’s Agent

While using a buyer’s agent is not a legal requirement for purchase of a home in California, nearly 100% of transactions involve getting help from a buyer’s agent, listing agent or attorney. For a good chance of a successful purchase, the offer needs to be written up properly, with sufficient supporting documents so that it can be seriously considered by the seller. ¬†Most buyers choose to find and use their own agent who specializes in helping buyers and who can be dedicated to helping the buyer to find the right home, then to negotiate the best price and terms that are in the buyer’s best interest. Because technology is improving, a growing number of buyers are finding their own on real estate websites, and then contacting the listing agent without getting help from a buyer’s agent.

The Los Angeles Times reported on why some buyers are ditching the real estate agent and turning to start-ups and other websites for help instead. In the past, real estate agents had exclusive access to much real estate information that home buyers could not get themselves. But today,¬†property listings, photos, recently sold prices, school ratings and neighborhood information such as crime rates are available free on the internet. For some assertive buyers, that‚Äôs an invitation to bypass an agent and, in the process, try to negotiate some of the 2.5% to 3% that is commonly paid to the buyers agent. Why not ask for some of that to be applied to lowering the purchase price if no buyer’s agent is being utilized? There are some new websites that specialize in helping buyers with an online platform. Some, such as Open Listings represent the buyer and then rebate half of the selling agent’s commission to the buyer.

Even with the latest technology to help buyers (92% of buyers use the Internet during their home search according to¬†National Assn. of Realtors), most decide to use a buyer’s agent so that they won’t risk missing out on the perfect home, and they want the most powerful negotiator that comes from a full-service, fully-compensated agent who will creatively overcome the many tricky hurdles that are typical with most California real estate transactions. Most buyer choose to hire good representation because they know that there is not enough inventory in today’s market, often too many buyers who they must compete with who are using the best strategies and tactics to get the best home for the least amount of money. ¬†Then, if lucky enough to beat out the other buyers to the best deals, the buyer must then face an adversarial seller who is represented by a clever listing agent employing every strategy in their arsenal to extract as much money from the buyer as possible on the seller’s terms. Most buyers know intuitively that a cut-rate service could be risky, especially in a sophisticated area like Los Angeles, and buyers want the best help possible representation when the difficult rivals, problems and questions present themselves in a real estate transaction.

Buyer's Agents Feel Squeeze of Technology
Buyer’s Agents Feel Squeeze of Technology

These questions include: How do I find the listing agent? How do I get just the right properties that match my criteria in my email every day as soon as they come on the market? How do I find the real bargains that are not on the internet? How do I see new homes under construction? How can I put in an offer with an escalation clause? Where can I find the special deals like distressed properties, raw lofts, REO, foreclosures, auctions, bank owned, for sale by owner, expired listings, company owned, estate sales, probate sales, homes falling out of escrow, homes falling out of contract, expired listings, listings on hold, vacant homes, divorce sales, auctions, pre-auctions, pre-foreclosure, off market properties, private listings, unlisted homes for sale, pocket listings, need-to-sell-now homes, unclaimed homes, upcoming new loft conversions and homes for sale by sellers who do not want to pay an agent? Many of these deals are missed by buyers with or without an agent.

Shocking Facts About Buyer’s Agents – Homes Sell Faster Without ‘Em

The reality of today’s real estate market is that the buyer’s agent is slowly diminishing in necessity. Possibly because they are actually slowing down home sales. ¬†As a matter of fact, the big real estate news today is that homes now sell faster when the buyer’s agent is offered less commission. Yes, you read that correctly. ¬†Homes now sell faster when the seller and listing agent share less money with the buyer’s broker. ¬†We could not believe it when some leading real estate coaches and brokers recently told us, so we ran the recent numbers for the local Los Angeles market. Higher CSO shared commission to buyer’s agent of 2.6% or more resulted in an average of 70 days on the market, while a lower CSO of 2.4% or less delivered a sale in just 57 days on average during the same 6-month period based on TheMLS data. Of course, the average home sold for significantly less money with a lower average sold price when the shared commission was lower.

Lower CSO brings faster home sale
Lower CSO associated with faster home sale
Higher CSO correlates with slower home sale
Higher CSO correlates with slower home sale

While most prospective home buyers search the internet themselves first, most of them still ultimately prefer to use a buyer’s agent because that way they can feel confident that a trusted professional is on their side exclusively, they can get all of the pros and cons, and the seller pays for it.

Hard-to-Find Bargains DTLA ¬†– ¬†Find out where they are.¬† ¬†— ¬†Get a free list of the best DTLA loft and condos investments with best prices and special deals.¬†Fill out the¬†online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000 | $900,000 | Top Luxury
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking

Less Commission to Buyer's Agent Get Faster Sale
Less Commission to Buyer’s Agent Results in Faster Sale

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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Top 13 Mistakes to Avoid in Downtown Los Angeles Real Estate

Lofts and Condos in Downtown L.A. Without Costly Mistakes

13 Problems to Avoid in Downtown Los Angeles
13 Problems to Avoid in Downtown Los Angeles

When moving to a loft or condominium in the most exciting place on earth, buyers want the fun and convenience without the hassles and drawbacks that can often occur for new home buyers and experienced real estate investors alike.  #dtla #homebuyer #mistakes  To help home buyers get the good while dodging the negatives, here is a list of the top thirteen pitfalls to hurdle when looking into DTLA homes for sale:

  1. Loft Lending Problems – Most properties in Downtown Los Angeles are in industrial or commercial buildings that have been converted to live/work residential units under the special Los Angeles Adaptive Re-Use Ordinance. Most home lenders are unfamiliar with these rare property types, causing a host of misunderstandings, delays, cost overruns and failed transactions. Loft loans can be a breeze when buyers use a Downtown loft specialist lender.
  2. Lawsuits and Litigation – More than 25% of homes listed for sale are currently or recently involved in legal issues that may affect purchasability and profitability of the property. Downtown loft specialist realtors have the most knowledge and information on these issues to share with prospective buyers and to ensure a happy home purchase.
  3. Maintenance Issues – While industrial and commercial lofts generally have superior robust construction, all properties require maintenance that is best done before the inspection process. Buyer also want to be in a building with excellent building maintenance and low HOA dues.
  4. Low Appraisal РWhile home prices are above average, reducing  the chance of a low appraisal, home buyers and seller should see a full CMA Competitive Marketing Analysis or comps (recently sold comparable properties) before entering into a transaction.
  5. Out-of-Area Agents – Getting help from a local Downtown loft specialist is the most popular way to prevent errors and omissions that are common when relying on a real estate professional who is not among the most experienced and knowledgable about the complications of Downtown L.A. real estate.
  6. Insufficient Knowledge РThe costliest and most worrisome mistakes are made when buyers and sellers make hasty emotional decisions that are not based on tried and true experience in DTLA real estate. Home buyers and sellers can get free information easily from the LA Loft Blog.  |  ASK
  7. Defects and Damage – All properties, buildings and neighborhoods in Downtown Los Angeles have issues that buyers need to know about before going to see properties. In addition to hidden defects, buyers need to know in advance about what is happening in and around the building.
  8. Loft Issues РIn addition to building conversion and architecture issues, buyer need to know about tax status, zoning, live/work status, renter ratio, retrofit inspections and other issues that affect the value and desirability of each different building.
  9. Downtown Disasters РUrban areas have more going on, both good and bad.  With a large homes population, common urban crime, and financial issues of some buildings, buyers need to receive an abundance of disclosures and info.
  10. Air Quality – Most of Downtown Los Angeles is in a red zone of pollution, noise and other hazards. Prospective Downtowners need to know about all of them.
  11. Too Many Buyers РThe market is great for sellers, and challenging for buyers.  When a super deal comes up on a beautiful home, many buyers must compete to try to buy the right place.
  12. Not Enough Inventory – Home owners are happy with the results of their investment, and few have any reason to sell. The results is a low number of properties for sale on the market.
  13. Missing Out on the Perfect Place РThe #1 fear of buyers is to not see or to be too late when the perfect home does come up for sale.  This can be prevented by automatically receiving all of the homes from all real estate companies as soon as they hit the market, including the unlisted homes, along with the best deals that are not on the internet.

While any or several of these issues can really put a damper on the enjoyment and profitability of a Downtown Los Angeles property, solutions exist that can prevent or eliminate any serious problems. Get a free information on Downtown L.A. homes. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Getting the Most Out of Downtown LA Lofts and Condos
Getting the Most Out of Downtown LA Lofts and Condos

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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Home Buyer’s Guide – Things to Consider When Buying a Loft, Condo or House

What to Expect When Buying a Home — ¬†Housing Market Forecast Fall 2017 Edition

How to buy a loft, condo or house for less money: ¬†The new Fall 2017 Home Buyer’s Guide has just arrived. ¬†#homebuyer #guide

Buying a Loft in Downtown Los Angeles
Buying a Loft in Downtown Los Angeles
  • 4 REASONS TO BUY A HOME THIS FALL!

WHAT’S HAPPENING IN THE HOUSING MARKET?

  • BUYING IS NOW 33.1% CHEAPER THAN RENTING IN THE US
  • IS YOUR FIRST HOME WITHIN YOUR GRASP?
  • Home Prices Over The Last Year
  • BUYING A HOME? CONSIDER COST, NOT JUST PRICE

WHAT YOU NEED TO KNOW BEFORE YOU BUY

  • 5 REASONS HOMEOWNERSHIP IS A GOOD FINANCIAL INVESTMENT
  • HOW LOW INTEREST RATES INCREASE YOUR PURCHASING POWER
  • STARTING TO LOOK FOR A HOME? WHAT YOU WANT VS. WHAT YOU NEED
  • 2 MYTHS THAT MAY BE HOLDING YOU BACK FROM BUYING
  • YOU CAN SAVE FOR A DOWN PAYMENT FASTER THAN YOU THINK
  • WHY PRE-APPROVAL SHOULD BE YOUR FIRST STEP

WHAT TO EXPECT WHEN BUYING A HOME

  • GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?
  • HAVE YOU PUT ASIDE ENOUGH FOR CLOSING COSTS?
  • READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
Home Buyers Guide Fall 2017 Buying a Home
Home Buyers Guide Fall 2017 Buying a Home

CoreLogic‚Äôs latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. ¬†Freddie Mac‚Äôs Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will … ¬†| ¬†To continue reading, request¬†a free copy of the Fall 2017 Home Buyer’s Guide. Fill out the form below:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

Lofts For Sale                Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE UNDER $500,000  |  $900,000  |   Top Luxury
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

Downtown L.A. Home Buyer Guide
Downtown L.A. Home Buyer Guide

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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Lofts For Sale Downtown Los Angeles Fast Purchase: Vacant and Ready-For-Move-In Homes

DTLA Lofts – Quick Close and Immediate Move-In

738 S Los Angeles St #302 Soon to be vacant, ready for immediate move-in. Close by June 30.
Soon to be vacant, ready for immediate move-in. Close by June 30. 738 S Los Angeles St #302

About half of all buyers are under some kind of time restraint, and most really want to close escrow in 30-60 days or else they may have to put off their search for a while. Some properties take a very long time to sell.  One Alta loft, for example, was in escrow for 18 months a few years back. Some lofts have issues with uncooperative tenants, overpricing, title problems, litigation, liens, lis pendens, probate, short sales, inspection problems, loft financing issues, low appraisals and numerous other issues that can delay sales and lengthen escrows. Not all buyers can tolerate such delays. Some buyers want to close escrow in 1-2 weeks. One of these fast closing lofts is the lowest priced loft in Downtown with a private balcony.  PHOTOS

While Downtown Los Angeles has relatively few vacant homes because it is a boom town with a skyrocketing economy, there are some sellers who are particularly ready to sell fast. Here’s a link to a free list of Downtown Lofts and Condos that are ready for move in and particularly suitable for a quick purchase: ¬†vacantandready.blogspot.com

One of the quick availability lofts is approved for Mills Act benefits.  Most owners of Mills Act lofts report usual savings of 66% off of county property taxes. They love getting paid to live in beautiful historic buildings!

Get a free list of Mills Act lofts in Downtown Los Angeles and other neighborhoods. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Sky Loft Vacant
Sky Lofts Vacant and Ready for Immediate Move-in

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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Don't Lose Your Identity While Buying or Renting a Loft – Avoid Real Estate Fraud and Identity Theft

HEY YOU —¬†WANT $6 MILLION?

Real Estate News (Downtown Los Angeles) April 24, 2017 ¬†— ¬†Here are two recent stories of how two innocent persons, both eager to move to Downtown L.A., lost their money and their identities when trying to move to Downtown L.A. One was a renter, and the other a prospective¬†home buyer. ¬†#dtla #fraud

Real Estate Fraud Fake Check
Here’s $6 million for your free luxury condo — NOT!

The first was a young lady named Diane who was looking for a good deal on Craigslist. Upon finding what she thought was the perfect deal, a 1,200 sq ft 2 bedroom 2 bathroom sky loft with amazing panoramic views, modern gourmet kitchen and large bathrooms and closets with many upscale designer touches — all for only $980 per month. ¬†She had to

Craigslist rental fraud
Craigslist rental fraud

have it quick before someone else took it.  She filled out the online application.  Diane never heard back from the property owner, except by an unlisted text phone number responded with text messages encourageing Diane to submit her application along with her personal information such as name, address and social security number. Weeks later, Diane still never heard back, and the text phone number was no longer responding to her messages. A few months later, Diane learned that her credit was bad because there were unauthorized charges and new unauthorized credit cards. Her identity had been stolen.  After many hours and months of work, Diane has still not cleared up her bad credit caused by the identity theft.

While renters are the most likely targets of fraudsters, they are the only victims. Home buyers can be attached, often with larger losses. Here’s how a prospective home buyer lost everything just last week:

Peter is a friendly, caring, honest and trusting 50 year old man wth long-term health issues that are under control. He ran into an old friend a couple months ago. ¬†The old friend, going be the name Andrew Christian, told Peter that Andrew was was recently diagnosed with terminal brain cancer and needed to spend his millions of dollars of trust funds right away before he passed away and before his antagonistic parents took away his access to the funds. Peter was concerned about Christian’s supposed terminal illness and trusted that Christian really was going through these issues. Peter believed that Christian was telling the truth when Christian offered to help Peter buy a nice home for himself so that Christian could enjoying spending his trust fund money in a way that he found satisfying in his final days on this planet. This trust was tragically misplaced.

At first, Peter was stunned and delighted when they got into escrow with an amazing $1.4 million dollar luxury high-rise condominium in a vibrant¬†neighborhood of Los Angeles. When Christian began to ask for small amounts of money and use of Peter’s credit card to help prevent Christian’s meddling parents and beaurocratic trust officers from catching word and interfering with their benevolent plans, Peter complied. After all, they were in escrow with a fantastic property that would be in Peter’s name, and Christian said he would also pay for 1 year of HOA dues plus extra money for taxes, insurance and miscellaneous expenses so that Peter would not need to worry about anything financially. On top of that, Christian had already handed Peter a check for $2.6 million dollars, to be used at the end of escrow. While Peter had not driven for years, he received a new car from Christian. Christian had really given Peter a much to be hopeful for. So he thought.

Fraud and Identity Theft in Downtown Los Angeles
Fraud and Identity Theft in Downtown Los Angeles

In the mean time, they had found an experienced Downtown real estate professional to help with the purchase of the property. The agent believe that the stories could be¬†true because¬†Peter had known Christian for 30 years and trusted him. After escrow reported that the earnest money deposit was never received, the agent notified Peter and Christian of this problem. ¬†Christian always had answers to everything: the trust funds and trust officers had a lot of rules an bureaucracy to deal with. Compounding the problem, the seller was particularly eager to work with the buyer because the comps were only about $1,200,000 yet¬†the accepted offer was substantially higher than that. The listing agent was so excited that he failed to notify the seller that the earnest money deposit was never received by escrow, a major violation of agent fiduciary responsibility. Then, after Christian began to ask the buyer’s agent for assistance in the form of cash and credit card use for Christian’s hotel, the buyer’s agent notified Peter that the behavior of Christian looked very suspicious, and appeared to match that of common fraud schemes —¬†an offer that is too good to be true, combined with a request for cash, credit cards or personal information to make the fantasy deal come true. This fantasy turned into a nightmare. Peter informed his agent that Christian had been engaging in¬†the same suspicious behaviors with Peter, and that Christian and Peter really did not know each other that well. By the time the buyer’s agent and Peter¬†reported Christian’s¬†behavior to the police (the police were reluctant to even take a police report because fraud is so difficult to prove), the helpful buyer’s agent was out more than $1,000, and Peter had given Christian everything he owned — many thousands of dollars — plus racked up thousands more on Peter’s credit cards. On top of that, at least 2 more victims were known to have been taken. Probably many more. Checks and earnest money deposit given by Christian all ended up being fakes. The fantastic gift of a new car turned out instead to be a rental that was placed on Peter’s credit card without Peter’s knowledge. Peter’s gifted new car turned out to be a stolen car on Peter’s own credit card.

These fraud cases are painful yet excellent reminders that, if something seems to good to be true, it probably is. This especially rings true when a deal is offered to a renter or buyer that does not match the local market conditions, and comes with strings attached in the form of cash, credit cards or personal information. ¬†Buyer’s agents and listing agents have a duty to inform and warn their clients when earnest money deposits are not made on time, and when other suspicious and problematic issues occur. Buyers and renters must always be suspicious and ask many extra questions with they are not paying a market price for a home. Never give money, credit cards or personal information to anyone who is offering an special deal out of the blue.

Downtown Los Angeles is the most exciting place on earth, and, with homeless, lawsuits, loft lending problems etc, DTLA has more than its shares of dangers and pitfalls. Fortunately, these problems can all be avoided with the right information. Get a free list of 6 mistakes to avoid in Downtown Los Angeles real estate. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Avoid downtown disasters - BuyerMistakesLA.com
Avoid downtown disasters. Free info at BuyerMistakesLA.com

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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Discover How to Avoid the 6 Biggest Mistakes Downtown Homebuyers Make

Get FREE Instant Access at BuyerMistakesLA.com  #homebuyer #mistakes

downtown-los-angeles-david-corey-e

A new report has just been released which identifies the 6 most common and costly mistakes that Downtown Los Angeles homebuyers make when buying a loft or condo.

buyer-mistakes-rsiMortgage regulations have changed significantly over the last few years, making buying options wider than ever. Subtle changes in the way buyers approach mortgage shopping, and even small differences in the way they structure your mortgage, can cost or save literally thousands of dollars and years of expense.

Whether you are about to buy your first home, or are planning to make a move to your next home, it is critical that you inform yourself about the factors involved.

In answer to this issue, industry insiders have prepared a FREE special report entitled “6 Things You Must Know Before You Buy”.

Having the right information can make a major difference in this critical negotiation.

Order this report NOW to find out what you need to know to secure the best mortgage for your next move at www.BuyerMistakesLA.com or fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

Buyer Mistakes to Avoid

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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Buying a Downtown Los Angeles Loft – Cash Home Purchase #cash #lofts

cash-home-purchase-loft-moneyMore than 25% of Downtown loft purchased in 2016 have been all cash purchases. Cash buyers save about 5% to 7% on a home purchase because they are not paying interest on a home loan, and they can often pay about 1% to 2% less on the purchase price. Home sellers are likely to accept a cash buyer for slightly less money than a financed buyer because the cash buyer does not need to get approval from a lender or appraiser.  A cash purchase can often be completed in 10-15 days whereas the average financed purchase takes 30 days, and some, such as FHA/VA may take 45 days or longer.

Take a look at the new video for Downtown cash buyers, or those who plan to finance can instead see the version of the video that includes info on loft financing at https://youtu.be/QiGuKdgdOnQ

Get a certificate for $1,000 off your closing costs when you buy a Downtown loft or condo. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

corey-downtown-dtla-higgins

Copyright ¬© 2016 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

FREE HOME-BUYER PROTECTION PROGRAMS – Downtown Loft and Condos For Sale

It’s an exciting new world that combines the comforts of modern luxuries, convenience of walkable restaurants, shopping, entertainment and Metro transportation with the power of historic culture¬†and¬†new creative energies. #homebuyer #protection

1100-wilshire-rooftop-sun-deck-05mk

As Downtown Los Angeles continues its renaissance and transformation from blight to luxury, homeowners are just beginning to realize the fortune of their gains. Thousands of Downtowners have seen equity growth in the hundreds of thousands of dollars in just the last few years. Others quietly wait and hope for home prices to drop again before they will get in the real estate investment game. Nobody on earth can predict the economics, but we can all enjoy fresh organic flavors of Urth Caffe while pondering our next creative endeavors. Today, prospective Downtown home buyers can really relax as we take advantage of free home-buyer protections.

Renters save $600.00 off rent by upgrading to get priority access and unadvertised bargains from the L.A. Loft Tour at http://www.LALoftTour.com.

Many home shoppers are not aware of that they can beat out other buyers to the best deals by getting priority access to hot new listings, including: Downtown foreclosures, unlisted lofts, distressed properties, raw lofts, vacant condos, bank owned homes, company owned, REO, short sales, Mills Act tax savings on historic lofts, low HOA dues, low down payment and buyer protection on new loft conversions and new construction homes.  While everyone can enjoy searching the internet for homes, most notice that the best deals found on the internet are gone before we get a chance to see them.  This is because the very best deals are not on the internet, most of the other good deals are going to VIP buyers before they go on the web.  The best free homebuyer protection programs actually include priority notifications of the best deals often 3-10 days before they are uploaded to the internet.

Home buyer protection¬†also helps buyers get a lower price and better terms by placing¬†the buyer’s interests above the seller’s interests. ¬†The programs allow the buyer to get all of the information, the pros and the cons, on the property so that the buyer will know what they are buying ahead of time, and be more happy after the home purchase. ¬†And to make sure that happens, a free warranty and “Love Your New Home” Guarantee are sometimes offered.

Access unlisted units, pocket listings and unadvertised bargains
Lower price
Better terms
Placing the buyer’s¬†interests above the sellers interests
Free home warranty
Home report with ros and cons, good and bad
Love Your New Home Guarantee

Get more information on the free homebuyer protections. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

1100-wilshire-rooftop-pool-deck-04mk

Copyright ¬© 2016 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, seller 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

9 Critical Questions to Ask the Seller Before Placing an Offer on a Downtown Loft For Sale

Home Buyers 9 Critical Questions to Ask Before Buying a Home
Free Report reveals how to save thousands of dollars and years of expense.

Downtown Los Angeles LoftsThere are some really vital questions that need to be answered so that a buyer can make the right offer. Before placing an offer, let the listing agent know that the buyer is fully involved in the communication process.  Negotiating in a strong manner makes the difference between saving thousands of dollars or wasting money. In a real estate market with low inventory and many buyers, those with weak negotiation strategies risk losing the perfect home to other buyers.

There are nine question that buyers should ask the seller so that the buyer’s offer will get noticed and give the buyer¬†the best chance of beating any other offers while keeping the price as low as possible.

Get a complete list of these 9 critical questions to ask the seller before placing an offer on a Downtown loft or condominium.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

 

Copyright ¬© 2016 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 necessarily associated with the home owner’s association, seller 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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Downtown Los Angeles Unlisted Lofts, Pocket Listings, Off-Market Properties and Private Transactions

alta-loft-alertSPECIAL LOFT ALERT

NEW ON THE MARKET

ALTA LOFT FOR SALE

www.AltaLofts.info

(213) 880-9910

 

It’s the #1 best kept secret in Downtown Los Angeles. While more buyers than ever are feeling empowered with all of the real estate and property information on the internet, most are unaware of just how many properties they are not seeing. ¬†Out of sight, out of mind.

Up to 45% of the best deals in Downtown L.A. are pocket listings, off-market, exclusive deals, unlisted lofts, unadvertised condos and private transactions. Many prospective buyers make the mistake of sifting through hundreds of online listings that may or may not match the buyer’s criteria, and¬†the buyer risks missing out on just the right home.

There are many reasons why so many properties are unlisted, often the listing agent simply notifies their office and other friendly local agents about new listings while the listing is being processed and prepared for the multiple listing service.

Technical glitches, spelling errors, listing omissions and other unanticipated events cause properties to be unlisted or otherwise not found on the MLS and not found on the internet.  One common example is glitches and imperfections in the MLS-IDX feed to websites, and mistakes that agents and website owners make when attempting to link to local properties. This is why the L.A. Loft Blog has been adding alternative ways of finding homes for sale in addition to the regular FOR SALE links.

alta-alert-02

Many pocket listings are the result of sellers not being quite ready to invite the entire world into their home. Many properties for sale have renter tenants who are not always cooperative. Sometimes, the landlord does not want the tenant to know that the home is on the market because the landlord does not want to anger or possible lose the tenant too early.

Often the seller simply wants a more discrete transaction, the seller wants to be able to pick and choose the buyer, or the seller simply does not want the home to have an appearance of undesirable by being on listed on the MLS too long.  A Downtown home that is listed on the MLS for more than 60 days might be tarnished, thought of as a potential problem.

To add to the problem, several MLS Multiple Listing Services, including our own popular local Combined Los Angeles Area Westside MLS, place a 3-day delay on feeds to the online real estate websites such as Trulia, Zillow and other real estate sites. This adds up to about 5 days delay before the average prospective home buyer sees the best deals online. Even without the artificial delay, the internet takes time for property information and its metadata to propagate to all of the websites.

There are countless other reasons why many of the best loft deals in Downtown Los Angeles are not found by many buyers, agents and brokers. TheMLS and other real estate professionals agree that buyers often get a better deal and a faster transaction with a pocket listing. Get free unlisted lofts and pocket listing information. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

button        button (1)        

SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

alta-alert-03