Here’s a holiday sale that investors will love. Those who are considering buying a home in November or December are in the minority because humans are like lower animals in that they make fewer big moves during the winter. For the smart and lucky few who are thinking about moving or investing in a property, Nov/Dec can be the best time to get a great deal because there are fewer competing buyers. #blackfriday #realestate #dtla
$50,000 Home Purchase Savings Guarantee
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price: Accomplish both of these goals; and here’s how it works:
Purchase a home for at least $50,000 less than the listed asking price guaranteed, or get $6,000 cash at the closing of the sale. This guarantee applies to homes over $800,000 going into escrow by December 31, 2017.
That’s pretty straightforward isn’t it?
To get details on how to become a VIP Buyer, and receive the Black Friday $50,000 Home Purchase Savings Guarantee, request more information using the online form:
Got a loft or condo for sale or lease around Downtown Los Angeles? The authority on Downtown residential real estate lets L.A. urban home sellers and landlords post an advertisement at no cost. Reach up to 30,000 readers per month. Simply fill out the form below or send your ad in email format like this to post instantly.
Any Downtown resident, homeowner, home seller, landlord or business can advertise free in the L.A. Loft Blog. The post must be relevant to residents of Downtown Los Angeles, and the post must be a good match with the editorial and advertising standards of the L.A. Loft Blog. The post may be edited, modified or removed to fit the needs of the L.A. Loft Blog. For assistance, call (213) 880-9910. #advertise #free #dtla
Get your free ad. Send an email in the above format for immediate posting, or simply fill out the online form:
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
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’s 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.
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.
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:
While nothing in downtown Los Angeles is really cheap anymore these days, we can still find comparative bargains with the lowest price per square foot for a nice open loft with industrial character and amenities such as rooftop sundecks, swimming pools and hot tub spas, along with 24 hour security sent desk concierge. #affordable #lofts #DTLA
Some of these low priced lofts for sale are in of the most walkable neighborhoods of downtown Los Angeles near shopping, dining, bars and pubs, entertainment and public transportation. Some have upgraded flooring while others have covered parking included. THE TOP 10 LIST STARTS WITH THE SB GRAND AT 312 W. 5TH ST. #307, FOLLOWED BY ALTA LOFTS AT 200 N. SAN FERNANDO RD. AND LITTLE TOKYO LOFTS AT 420 S. SAN PEDRO ST. CLICK ON THE LINK TO SEE THE FULL REPORT IN PDF FORMAT.
Loft Hacks – Top 10 Tips and Tricks in Downtown Los Angeles Real Estate
Downtown Los Angeles real estate is competitive. More than half of buyers sift through limited inventory only to be outbid by another buyer when they place an offer on an amazing loft. The most successful buyers, seller, renters and landlords made the best decisions when they had the best information on properties, and when they had a sharp eye on their competitors in the real estate marketplace. How did they do it? #dtla #lofts #hacks #tipsandtricks
Now that we know what the top real estate competitors investigated before they successfully completed transactions in Downtown L.A. real estate, we will delve deeper into why they looked at these topics, requested more information on these top 10 subjects and then implemented the knowledge to accomplish their lofty goals.
This is the where they got started. As the authority of DTLA residential real estate, the L.A. Loft Blog attracts the largest number of real estate blog readers, and receives the largest number of information requests (on the greatest number of relevant topics) from those who have achieved profit and distinction. By viewing usage statistics from tens of thousands of readers, paying special attention to those who have closed escrow or signed a lease, we can correlate the most powerful information that helped them beat out all competitors to the best deals. Here’s how they did it:
It’s all about the properties. After they get a good sense of the loft and condominium inventory in the Downtown Los Angeles area by looking at the available lofts for sale or lofts for lease online, the astute called the LA Loft Blog property viewing hotline to request an expedited showing. They read and asked questions about the lofts, buildings and neighborhoods (213) 880-9910. They looked up info and asked questions about Live/Work Lofts Downtown LA vs. Residential Studio Apartments. Shiny, sparkling clean lofts and condominiums with the latest state-of-the-art architecture and amenities, with the most modern kitchens and bathrooms can be found in the new homes. The New Lofts Interest List allowed the coming victors to know about new construction and even to see the new builds while still under construction by the developers. In addition to low purchase price and low HOA dues, the triumphant gleaned information about how to save thousands of dollars per year on property taxes with Mills Act historic lofts. Getting a low interest rate while preserving cash with a low down payment loan is most commonly achieved with an FHA or VA loan, while a low-down loft loan is the preferred choice in Downtown L.A. All condo buildings in DTLA have issues, so the prosperous found out in advance what was going on with all of the lawsuits and litigation in the desired buildings. Lastly, the effective buyers, sellers, renters and landlords checked into pocket listings so they would not miss what was happening with the best deals in town, the unlisted lofts and condominiums that are not on the internet. Congratulations on gaining the most valuable insight from the victorious on how they beat their competitors and completed successful real estate transactions in the most exciting place on earth. “To the victors go the spoils!”
The most successful in real estate ask the most questions. What can we help you with? Fill out the online form:
SB Grand Loft – Modern open loft with fantastic urban industrial character and high ceilings on Broadway in the Historic Core. Private balcony facing community courtyard. Modern kitchen with stainless steel appliances. Tinted polished concrete floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with A/C cooling and heating. Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining.
The building features 24-hr security front desk concierge, fitness room, rooftop pool deck, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! The complex has valet parking available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll thrugh the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. In escrow. For updated pricing and information, call (213) 880-9910. #dtla #lofts #forsale
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 4,700 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
Downtown L.A. homes recently sold at a median price of $619,500 with 42 days on market. This shows a value growth of $30,250 in 12 months with properties selling 13 days faster than the previous year. DETAILS
Best Lofts in Downtown L.A. by Popularity and Investment Potential
To help L.A. Loft Blog readers find the nicest, most awesome loft or condo for sale or for lease, this post will provide a list of the top lofts for sale in order of popularity and investment quality, followed by the top lofts for lease in order of popularity and overall value. The winners are likely to surprise because they currently stand as some of the most low-key and most affordable of properties. An overlooked great deal is the first part of an extraordinary investment: #best #lofts #downtownlosangeles
SB Grand Lofts – The best return in investment comes from purchasing a property with superior improvement potential in the best neighborhood, and then cost-effectively enhancing the best features of the property. In its transition from troubled building in Downtown to a luxury loft building in a luxury neighborhood, the SB Grand or Shy Barry Grand lofts building by Pershing Square provides the greatest arc of change with the greatest recent improvement, along with bigger room for future improvement. The building will continue to gain value as the neighborhood improves. Pershing Square is being remodeled as part of a transformation from blight to luxury. The low purchase price and low HOA dues provide an easier investment and an opportunity with more certainty. | Lofts For Sale
Beacon Lofts – The ordinary concrete facade hides extraordinary potential in Downtown’s Arts District, rapidly escalating towards status as the most creative place on Earth. The concrete unit interiors allow great creativity in improvements, all already boosted to luxury level, with more upward pressure from many new museums, restaurants and new shopping venues such as At Mateo. | Details
Alta Lofts – While technically not in Downtown Los Angeles, the Alta building in Lincoln Heights / Chinatown attracts Downtowners who want bigger, nicer and cheaper lofts in the Greater Downtown Area. The industrial neighborhood stands to benefit from billions in planned L.A. River improvements along with conversion from declining industry to burgeoning residential, commercial and recreation area. Alta Lofts give a great big space with unlimited possibilities. Homeowners and investors with the clearest vision take advantage by transforming the basic units into hip, chic, stylish urban dwellings. | MORE
Get a list of the best investments in Downtown Los Angeles. Fill out the online form:
Best Lofts in Downtown LA For Lease
While looking at the best loft rentals in DTLA, prospective renters can benefit by remembering that the same loft buildings with lofts for sale also happen to have the best loft condominiums for lease with the highest satisfaction levels for resident owners and renting tenants. These top rentals include places like Beacon Lofts, and Alta Lofts. After checking out the loft condos for lease, take a look at the loft apartments that have leasing offices. For some of the best deals, the leasing office staff are so busy helping those on their waiting lists, they don’t have time to take phone calls to help answer questions. To avoid missing out on just the right loft for lease, all (213) 880-9910 for free assistance. | MORE
Get a free list of best lofts for lease in Downtown L.A. and take the upgraded tour or rental lofts. Fill out the online form:
In this post: Give yourself a real treat this month! Newsletter (pdf)
First, here’s some exciting local Downtown real estate news for loft lovers and for home buyers on a budget who need to pick up the most amazing loft for the lowest price on the market. Announcing the two best loft deals in town! The BIGGEST loft in the $400,000s along with THE most affordable loft in Downtown Los Angeles!! L.A. LOFT BLOG EXCLUSIVE! Cutest loft in Downtown, the Pershing Square Loft with a great layout makes a BIG impression! #dtla #lofts #affordable
Special pocket listing for the readers of the L.A. Loft Blog. — SB Grand Loft for Sale – Enjoy Downtown life in a modern open loft with fantastic urban industrial character on Broadway in the Historic Core. Private balcony facing community courtyard. Modern kitchen with stainless steel appliances. Tinted polished concrete floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with high vaulted ceilings, A/C cooling and heating. Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining. The building features 24-hr security front desk concierge, fitness room, rooftop pool deck, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! The complex has valet parking available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll thrugh the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project. 312 W 5th St #921, Los Angeles, CA 90013. Call Corey (213) 880-9910. | DETAILS
Also in the SB Grand building, check out the biggest Downtown LA loft in the $400,000s:
As promised, here is the new October issues of the SoCal Home Blog: #realestatenews
Go Ahead… Give Yourself a Real Treat This Month! The month of October can be a spooky month, maybe even a scary month with monstrous problems.
Yikes!! Well maybe not, but words like that seem to be popping up everywhere as kids and adults alike look forward to Halloween. In fact, according to the USA Today, adults spend more on themselves to celebrate Halloween than any other day during the year. I get that. Especially if they want to hang out with the kids to go trick or treating, or to a Halloween party of some kind. For many homeowners and home buyers though, they are truly scared. Scared to death of… | MORE
Real Estate News — Comparing the Lowest Priced Lofts in DTLA
The L.A. Loft Blog recently reported that Downtown L.A. homes sold at a median price of $619,500 with 42 days on market. Since many buyers need to spend less than that, this post will compare and contrast the lowest priced loft buildings in Downtown LA. #dtla #realestatenews
TOP 10 PLACES WITH THE BEST DEALS
For those who need to get more for less, there are ten buildings that are most likely to be in the running. Starting with the best deals, the lowest asking prices and lowest HOA dues, here is a quick comparison of the pros and cons so that prospective Downtowners and investors can find the right match at a glance:
SB Grand 312 W 5th St – Lowest price per square foot and lowest HOA dues. Popular location by Pershing Square in the Historic Core. Rooftop pool and hot tub spa. 24-hour front desk security concierge. Incomplete financials, lots of chaos and commotion outside, high renter ratio, litter, plumbing issues, lender issues.
Little Tokyo Lofts 420 S San Pedro St – Best deal on a Mills Act historic industrial loft that includes covered parking, free guest parking, swimming pool, hot tub spa, BBQ and 24-hour security of gated complex. Across the street from homeless shelters and tents. Water intrusion. Mental clinic in the building.
Textile Building 315 E 8th St – Beautiful Mills Act historic building with big windows, natural light, views and convenient parking. Rooftop deck. Near Skid Row. Leasing restrictions. Noisy intersection.
Eckardt Building 738 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Most affordable units have parking a block away in Skid Row. Water intrusion.
Cornell Building 746 S Los Angeles St – Mills Act historic industrial building with all of the amenities and patrolling security guards near lots of shopping and dining. Rooftop BBQ lounge. Most affordable units have parking a block away in Skid Row.
Higgins Building 108 W 2nd St – Beautiful clean, safer neighborhood across from police headquarters, Mills Act historic building has rooftop deck with dramatic up-close skyline views. Restaurants in building. Parking not included. HOA special assessment cost.
Bartlett Building 215 E 7th St – Central walkable location, Mills Act historic building has rooftop deck with dramatic skyline views. Parking not included. Busy, noisy street.
Douglas Building 257 S Spring St – Beautiful Mills Act historic building with distinctive architecture and character. Original brick and amazing original wood floors. Some units include parking in building. Usually nothing for sale.
Beacon Lofts 825 E 4th St – Industrial lofts in the best part of the Arts District across from Little Tokyo Mall, entertainment and large grocery store. Rooftop deck with hot tub spa, outdoor kitchen and skyline views. 2-car tandem parking. Usually nothing for sale.
Alta Lofts 200 N San Fernando Rd – Bigger, modern industrial lofts with lots of natural light and views, low cost per square foot. Parking and guest parking. Social room and gym. In less-walkable industrial neighborhood, 3 miles to Downtown with increasing traffic.
The big, beautiful new upcoming shopping center will finally put the Arts District on the shopping map and bring another big boost to already exploding loft prices. At Mateo promises to become the social epicenter of the Arts District, providing locals and visitors with artisan eateries and drinking establishments, fashion-forward retailers and local services which complement the avant garde and sophisticated culture of the neighborhood.
While much smaller than The Grove of Los Angeles, At Mateo is just the right size to bring an enjoyable place to hang out, eat and socialize. Here are the photos of the nearly-complete complex of retail stores, boutique shops topped by lofty office spaces. #atmateo #artsdistrict
Get a free list of Arts District lofts for sale and for lease. Fill out the online form: