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’s 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’s 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:

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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.

10 Mistakes to Avoid when Buying a Loft, Condo or House in the Downtown Los Angeles Area

Before seeing homes or meeting with a real estate agent, prospective Downtown LA home buyers should be aware of some of the most common problems and how to avoid them.

la loft blog

These problems include: lawsuits, litigation, loft and condo lending problems, getting trapped by a real estate agent, missing out on the best deals, losing out to other buyers, failing to negotiate the best price and terms, delays due to failed inspections, HOA move-in delays, unpermitted improvements, risk of losing deposit and no electricity. Here’s how to make the home buying process go more smoothly and to profit in DTLA:

10 IMPORTANT HOME BUYING TIPS:

The #1 mistake that we have seen since 2011 is prospective buyers delaying a home purchase. Prices have been going up about 1% every 6 months for the last several years, with rents going up about the same. Homeowners have gained an average of more than $200,000 in equity, while renters have really lost out in terms of net worth.

Place the highest and best offer on the very first day of a listing. Prices and terms are negotiable. Buyers may ask the seller to pay some of the expenses such as closing costs. If buyers asks for too much, they may lose to another offer.  Buyers should get a list of comps, recently sold comparable homes, in the building or neighborhood so that he buyer can see first hand what buyers have paid recently for a similar home. #dtla #buyermistakes

Most purchases entail delays and unexpected miscellaneous expenses. Some transactions fail after incurring expenses for the prospective buyer. Some borrowers are unable to obtain financing. Loft purchase may require a loft specialist lender.  They can be found at www.LALoftLoan.com.

Delays are common. Be sure to allow plenty of extra time for moving, and extra money for unanticipated costs.

Ensure that the seller has installed a carbon monoxide detector before the inspections.

For condos, HOA move in fee, move out fee and HOA move in security deposit are often required; ask HOA for details. A move in appointment and information form is required by most HOAs. Contact the HOA well in advance to make move in arrangements.

For houses, always ask seller for any permits pertaining to additions and major improvements. Buyers can get a free floor plan at MyFloorPlanFree.com.

Removing contingencies places the buyer’s deposit at risk. Do not sign off on all contingencies until sure that the transaction will be completed. Buyers must usually remove contingencies before seller completes repairs.

Electricity may be turned off before or right after the purchase. Order utilities in advance of move-in.

Buyer’s can avoid most mistakes simply by hiring at no cost a Downtown area specialist who is knowlegable about the buildings and neighborhood issues.  A good local agent will take down the buyer’s home buying criteria, to help to get priority access to hot new listings, to aid the buyer in receiving proprietary information such as unlisted properties, and to show several homes when possible.  A free home buyer consultation is the first step to a successful home purchase.

Buyers should pay nothing for this service, and there should be no obligation to buy a home. To expedite the process, buyers should give the agent proof of funds (a statement of an account with some down payment funds, black out the account number). Also, buyers will get priority service from agents and owners if buyer is preapproved for a loan. Get a free list of Downtown loft lenders who can finance a live-work loft, Mills Act loft, and other homes converted under the Los Angeles Adaptive Re-Use Ordinance. Fill out the online form:

UTILITIES DOWNTOWN L.A.

Call DWP to turn on electricity
ladwp.com
800-dial-dwp

SoCal gas
1-800-427-2200

Cable tv is usually
http://www.timewarnercable.com/
888-tw-cable
(or)
AerioConnect http://www.aerioconnect.com

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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:

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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:

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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.

Downtown LA Lofts Unlisted For Sale at Eckardt Building Fashion District

At 738 S Los Angeles St, Downtown L.A., the LA Loft Blog has just learned of some amazing live/work industrial lofts for sale that are unlisted, off-market pocket listings and hard-to-find deals. #fashiondistrict #unlisted

eckardt-santee-bldg-mk

While so many prospective Downtown LA home owners spend countless hours and days seeing the same picked-over choices on the internet, browsing hundreds of lofts and condos that may or may not match what they are looking for, they risk missing out on just the right home. They get frustrated because the best deals seem to be gone before they see them. They are unaware that up to 45% of the best deals in Downtown Los Angeles are unlisted, off-market, pocket listings and unadvertised bargains that are not found online.

Here is another example of the dozens and sometimes hundreds of amazing Downtown lofts for sale that are not easily found by the public and not listed for real estate agents:

Live-work industrial lofts for sale at 738 S Los Angeles St. 90014 Get free information on gaining priority access and proprietary information on Downtown LA pocket listings, off-market and unlisted properties by signing up at http://www.LASecretLofts.com

If you love Downtown Los Angeles, you will he happy to see these unlisted Historic Core Santee Village industrial Live/Work Lofts for sale in the Eckardt Building in the middle of the action of the trendy Fashion District in Downtown LA. With huge, near floor-to-ceiling windows that bring in dramatic natural light and views of the city skyline, these lofts offer tremendous character, convenience and authentic vibe. High ceilings with exposed plumbing. Modern kitchen w/ Bosch Stainless Steel appliances. Washer & Dryer in unit. Central air A/C and heat, polished concrete floors, fire escape balcony. Covered parking in Maple lot with free evening shuttle. Building qualifies under the Mills Act for significant savings on property taxes. Building amenities include Swimming Pool, Hot Tub Spa, Fitness Center Gym, Half Basketball Court, Golf Driving Range, Dog Run and 24-hr security patrol service. Amazing neighborhood, walk to dozens of the best restaurants, Grocery Store, other shops in the village. A special urban oasis in a truly exciting location!

See these unlisted lofts today Corey (213) 880-9910 and receive free information about getting priority access and proprietary information on Downtown LA pocket listings, off-market and unlisted properties at http://www.LASecretLofts.com

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Your Home Sold GUARANTEED or I’ll Buy It*

No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting http://www.GuaranteedSaleSoCal.com

4 Big Reasons to Call the Chambers Team to Sell Your Home:

#1 We’ll Get You More Money – Chambers Team gets you 2.2% more of the asking price
#2 We’ll Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 We’ve got more than 2,600 buyers in our Data Base looking for a home

To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

*seller and Corey must agree on price and time of possession. Realty Source Inc BRE#01889449

Your Referrals Help the Kids. For every referral I receive, I donate a portion to the Children’s Hospital Los Angeles. With your referrals, you are helping Children’s Hospital ensure that critical life-saving care is available to every child they treat. http://www.ReferralsHelpKids.com

Corey Chambers
(213) 880-9910
coreychambers@yahoo.com

Realty Source Inc BRE#01889449

http://www.CoreyChambers.com

Santee rooftop pool

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

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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]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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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.

How to Save Money on Real Estate by Going Direct to the Listing Agent

Find Your Own Loft and Get the Best Deal

With Downtown real estate prices so high, buyers and renters of Downtown lofts and condos are looking for ways to save money and get the most home for the dollar.

molino-invest-03

One way to do that is by cutting out the middle-man and going direct.  By getting priority access to hot new listings and unlisted properties, new Downtowners may be able to get the best deal.

Buyers can figure out how much money is on the table by calculating the commission that would normally go to the buyer’s agent, also called a selling agent.  Sellers and landlords usually allocate around 5% to 6% to the real estate brokers.  About half generally goes to the listing agent and half to the selling agent. If the renter or buyer goes directly to the listing agent, there is about 2.5% to 3% extra that can be negotiated sometimes in the buyer’s favor. Most agents, however, are not too excited about giving away any of their commission, so the correct tactics must be used to save as much money as possible.

Regardless of the ability to negotiate, getting the best home with the lowest price starts with gaining access to the best deals possible.  Here are several ways to get info on the best deals in Downtown Los Angeles:

JUST LISTED – Beat out other buyers to the best deals with hot, new listings.
UNLISTED – Get the lowest price when other buyers do not know about the properties.
POCKET LISTINGS – A great deal is in your pocket
DISTRESSED PROPERTIES – Their loss is your gain
RAW LOFTS – Unimproved, fixers or maybe just needing a little TLC
FORECLOSURES – Bank-owned, REO, company-owned and repossessions
MILLS ACT – Save thousands on taxes every year

How To Go Direct To the Listing Agent And Save Money!
Learn 10 Inside Secrets to Finding Your Loft Yourself
Get FREE Instant Access by completing the form on this page.

If you’ve tried to find your perfect home yourself, you know that the minute you start signing up on the home search websites, the phone will start to ring off the hook. Unfortunately, most calls aren’t from prospective loft sellers, but rather from every real estate agent in town who will start to hound you for your business.

Like other home buyers, you’ll be subjected to a hundred sales pitches from agents who will tell you how great they are and how you can’t possibly find a home by yourself. After all, without the proper information, finding the best deals a home isn’t easy. Perhaps you’ve been looking for several months with none that were just right, or lost out to another buyer. This can be a very frustrating time, and many home buyers have given up their dream of finding their home themselves.

But don’t give up until you’ve read a new report entitled “Find Your Own Home” which has been prepared especially for homebuyers like you. You’ll find that finding your perfect home by yourself is entirely possible once you understand the process.

Inside this report, you’ll find 10 inside tips to finding your home by yourself which will help you buy for the best price with the least hassle and risk. You’ll find out what real estate agents don’t want you to know.

Order this report NOW to learn how you really can find your home yourself and get the best price. Fill out the online form:

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garey-bldg-couple-arts-district
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.

1100 Wilshire Now the Chase Building – Downtown Los Angeles Lofts and Condos

Located at 1100 Wilshire Boulevard, Los Angeles, CA 90017, the famous luxury highrise tower condominium building is now also home to a popular bank branch.  The big “1100” that once branded the structure as a sign on the building has now been changed to “Chase.”  While some residents are not happy with the major presence of the well-known bank branch, it is convenient to use their ATM, and guests can get free parking when they use the Chase ATM inside the branch.

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1100 Wilshire has a fine reputation of quality lofts, luxury amenities and 100% unobstructed views due to its towering pillar of 17 stories of parking spaces. Other amenities include 24 hour security front desk concierge, large fitness center gym, conference meeting room business center, video screening room, rooftop infinity pool deck with cabanas, outdoor kitchen and fire pit, hot tub spa and private event patio.

1100-wilshire-los-angeles-3603
1100-wilshire-los-angeles-3603

Currently there is a very high up loft condo unit on the 36th floor for lease that includes 2 free excellent parking spaces and free utilities.  See the property description and photos on the L.A Loft Blog.

Find out what there is for sale and for lease at the 1100 Wilshire Building at www.1100Wilshire.info

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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.

Bunker Hill Breaks Out – The Once Stodgy Neighborhood is Turning Cool #lofts #dtla

Bunker Hill Tower Loft

What was a few years ago beginning to look like a gerontology ward is today turning stylish.  I remember a while back showing a unit for lease at Bunker Hill Tower condos to a young couple who were new to Downtown.  When they observed the people coming out of the building, including a gray guy walking, inching along very slow with his walker, my renter clients said “this is not the place for us.”

Built in 1968, the Bunker Hill Tower luxury condominium building is still largely maintained exceedingly well, and has an excellent reputation for quality.  But with its seasoned residents, dated rules (absolutely no dogs or cats), no washer and dryer in most units, the building and its surrounding neighborhood were utterly lacking the turn-of-the-century historic vibe, and devoid of the renaissance spirit that abounds in the Arts District and Historic Core neighborhoods of DTLA.

Today, that is changing.  Now, when walking into the Bunker Hill Tower, we are more likely to see more fresh faces of energetic artists. Along with that, more of the once outdated condominium interiors are getting revamped, renovated and remodeled to a modern style.  One such unit has been completely loftized, removing the old wall-to-wall carpet and replacing with a more desirable lofty original, polished concrete. The ordinary ceilings have been pushed up to create high ceilings.  The late 60’s apartment-style condo doldrum has been transformed into an exciting 2,200 sq ft open-concept loft.  With large high-end Sub-zero style stainless steel kitchen appliances, a sprawling modern 5-star hotel style bathroom, along with jetliner views, this condo unit has been aptly dubbed the “Bunker Hill Loft“.  Currently a top secret location, the unit will be revealed to the public soon at www.BunkerHillLoft.com

bunker-hill-metro-stationA new Bunker Hill Metro Station is under construction that will soon link the neighborhood to the Blue Line for a quick jaunt to the Arts District.  The station and connector line completes a 1.9-mile gap between the Metro Blue Line and the Metro Gold Line. It will also make for a faster trip to Long Beach or Santa Monica.  The brand new station will be located right by the Disney Concert Hall, Broad Museum and Bunker Hill Tower condo building.

bunker-hill-loft

Get more information about Bunker Hill Loft. Fill out the online form:

Copyright © 2016 This free information provided courtesy Corey Chambers, Realtor, Realty Source Inc BRE#01889449 We are not associated with the developer, homeowner’s association or building management. For more information, contact (213) 880-99910 or visit LAloftLease.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, seller or renter is already under contract with another broker.


Downtown Los Angeles Real Estate News

JUST LISTED FOR LEASE WILSHIRE DOWNTOWN LOS ANGELES

Details are at:

http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=16129618

Call for more information or to schedule a viewing (213) 880-9910

Corey Chambers, Realty Source Inc BRE#01889449

Buy or Rent a Loft in Downtown Los Angeles – What are the Billionaires Betting On?

Edward G says:

  • Lofts For Sale in Downtown Los Angeles
    Lofts For Sale in Downtown Los Angeles
    Hi Corey, I love the idea of buying a loft in downtown LA rather than renting it, but is monthly payments would be significantly higher when you buy VS. renting?– Edward G.

Owning is about investing rather than spending. Renting is pure spending because the money pays the landlord’s mortgage while owning pays your own mortgage. The net wealth of the average Los Angeles loft homeowner has NEARLY DOUBLED in 3 years!!! Compare those results to the average rent increase, which has been more than $400 per month!!! In total dollar amounts, the average Downtown loft owner has gained $300,000 while the average renter lost about $100,000. That is a very dramatic difference between owning and renting.

The L.A. Loft Blog has been watching where the money is going. The billionaires are betting their billions that HUGE rent increases are expected in the future.

Anyone who can afford to rent in Los Angeles can also afford to buy a starter home or they can buy an affordable investment property. Fill out the online form:

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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.