Category: Home Buyer Protection

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Home Sales Slump Slightly. Prices Continue Rising

Prices continue to rise buyers are thinning out.

Around the Southland, the real estate market is leveling off slightly. A previous post picked up on this trend over the fall. While urban real estate prices are now shooting up, suburban home prices are not keeping pace with the year-to-year data from last year. New information from local counties bears this out. While prices continue to rise the increase is smaller.

Many economists predict price increases will get smaller from here on out. People simply don’t earn enough to consistently pay so much more for housing, they argue, particularly as mortgage rates are expected to rise. 

We see buyer frenzy is cooling off. We are seeing that now.

Although price drops are verified, most homes in some areas have been selling above asking recently, according to data from Redfin. And to be successful, many buyers still find they must waive contingencies that would let them back out of a deal if a house needs repairs, or if the appraisal comes in low.

Forecasting currently trails what we are seeing in the real world. And for now, prices across Southern California are rising much faster than what CoreLogic predicts will come next year.

#Sellersontop #entarissmart

What are your buying and selling plans this winter? #comment

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.

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New Home Buyer Protection Program

New homes under construction in the Greater Los Angeles area can provide sparkling residences with the very latest in style, innovation and efficiency. They can also be an extraordinary value because they have not suffered wear and tear depreciation, they increase supply and they are usually under some kind of “must sell” condition of seller motivation. | Blog Video

Buying new homes can present some pitfalls. The most common mistake is for prospective buyers to accidentally get stuck buying a home from the sales office without free representation from a buyer’s agent. This can be kind of like representing oneself in a criminal court instead of using a defense attorney. In real estate, buyers and sellers have opposing financial interests, and often prefer different terms.

When a buyer buys directly from a sales office, they may find that they are up against sophisticated, crafty sales people who will take aggressive steps to get the price and terms that the developer seller wants while ignoring the best interests of the buyer. When a casual home shopper walks into a new homes construction site and signs in, they have signed away their rights to free representation. To prevent this common mistake, prospective home buyers may take advantage of the New Home Buyer Protection Program. This free program allows home buyers to see new homes with guaranteed savings and with less risk.

The best free homebuyer protection programs include priority notifications of the best deals, often 3-10 days before they are uploaded to the internet — sometimes weeks before the public is aware of the new construction.

Home buyer protection helps buyers get a guaranteed 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. To make sure that happens, a free extended 2-year warranty and “Love Your New Home” Guarantee are sometimes offered. | NEW HOMES INTEREST LIST

Access unlisted units, pocket listings and coming soon properties
Lower price
Better terms
Placing the buyer’s interests above the sellers interests
Free 2-year extended home warranty
Home report with pros and cons, good and bad
Love Your New Home Guarantee
Savings Guarantee Certificate

Get a free report on home buyer protections. 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 | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.