Category: home prices

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Buying a Home with a Solar Electric Power System – Pros and Cons

Solar Power in Southern California Makes Great$ense

Does solar energy increase home value? The National Renewable Energy Laboratory (NREL) found that every dollar saved on energy through solar increases home value by $20. That’s a return on investment of 20 to 1. According to the national real estate sources, homes with solar panels sell for approximately 4 percent higher on average than homes without solar energy. A million-dollar home could be worth $40,000 more with a solar power system.

Solar has some down sides: cost can be more than expected, can results in a long-lasting monthly expense if not calculated and negotiated well; roof damage or leaks can occur if not property installed; solar can sometimes look unappealing or unaesthetic; solar can be improperly or inefficiently installed, such as in the shade; solar requires cleaning, maintenance and repairs, especially if it is placed low to the ground.

What happens if you buy a house that has solar panels?

If you’re looking to buy a home with solar panels financed through a solar loan, you don’t need to worry about making additional monthly payments. Unlike a lease, if the previous homeowner installed solar equipment with a solar loan, the loan will always be their liability, even if the property is sold. The seller may try to recoup their loan liability in the sale price of the home. Be smart about the value of the solar power system get a professional third-party estimate.

#Solarhome #offgridpower

Have you had solar installed? What do you like about it? Leave your comment here

Fill out the online form for information on California homes for sale.

Is buying a home with solar panels a smart decision? What to consider if the equipment is leased or owned. In addition to saving you money on your energy bill, buying a home with solar panels will also boost your home’s appeal making it more attractive for resale down the road.

What do I need to know about solar panels when buying a house? Buying a House With Solar Panels: A Short Guide

  • Find out if the system is owned or leased. Don’t pay more for the house without knowing the status of the system. 
  • If there is a lease attached, review the lease with a professional.
  • Get the system inspected. to make sure it is in working order and efficient.
  • Have the system valuated by the third party company.

Get a free estimate on how much money solar may save you each month. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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The Addition of Solar Panels Can Boost a Homes Sales Price

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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Downtown Los Angeles Real Estate Market Report September 2021

With fewer buyers, most Downtown Los Angeles home sellers must expect a lengthy wait.

Residential Property Prices Update

Urban L.A. home values rebound, even as they take longer to sell. Motivated home buyers get more scarce in an economy affected by fear masked by Monopoly money. Radical monetary policy and helicopter bucks have artificially propped up housing prices amid nationwide de-urbanization. While many are still fleeing the violent crime, chaos and perceived virulence of the inner cities, the plummeting U.S. dollar now inflates the price of nearly all assets. Last month marked a turning point for the median Downtown L.A. loft condo price, which is now looking up.

Cool, hip Arts District loft prices rise as the rich get richer and the poor get poorer.

Number of properties for sale up 23% as de-urbanization continues in favor of cleaner, safer neighborhoods. Runaway inflation has, however, miraculously cured the falling prices. While most Downtown condo prices are rising again, some loft prices nearest to Skid Row are still sagging. Today, fed-excreted funny money props up real estate prices, even for neighborhoods that would otherwise be dwindling due to virus panic, homeless encampment chaos and increasing bifurcation of markets into richer and poorer.

What took 48 days to sell in September 2020 now sits a scary 73 days on the market in September 2021. Lofts are up $16,000 this year due to a devaluing dollar. Downtown LA median price September 2021 of $615,000 sold in 2020 for $599,000. Statistics provided by real estate agents Multiple Listing Service for Downtown and nearby loft neighborhood areas 23, 42 and 1375. | PDF Reports:  SEP 2020 |  SEP 2021

Because real estate is a slow game, most DTLA home sellers are unlikely to realize much of a turn-around for another six months. For the gritty hoods, substantial price increases may not be seen for years.  At Little Tokyo Lofts, only one 1 out of 12 listed units has sold successfully in the last 6 months. The lowest price loft in Downtown Los Angeles, unit# 631, asking price has been reduced to just $355,000. Once you get over potential frights around the corner, this loft condo unit and building are of notably high quality.

How much is your loft worth?

Get a list of recently sold homes in the area, along with a list of currently active homes for sale. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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

While many buyers frightened away from urban decay, Fed slight-of-hand causes rising prices.

Copyright © This free information provided courtesy L.A. Loft Blog with 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 subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.