Category: New Homes

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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:

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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.

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OceanWide Plaza Languishes in Downtown Los Angeles as China Shuns U.S. Real Estate

DTLA’s hotel, condo and shopping megaproject remains in limbo, taking after mainland China’s tradition of ghost cities, enormous real estate construction sites that sit abandoned. Once holding promise as a ideal addition to LA’s urban center, OceanWide sits today as what appears to be a type of mini ghost city of its own. Only a few security guards have been spotted on the property recently. #oceanwide #plaza #dtla

In January, the developer wrote off a $267 million loss. With more than $100 million in construction debt, amid virus hysteria and the Greater Depression of 2020, the developer has been seeking a buyer to take over the project to no avail. There’s no telling how much worse things could get as commercial real estate is facing financial devastation, while urban residential real estate also plummets. The median DTLA home price dropped by $33,000 in September compared to the same time last year.

China is definitely out, and not just local real estate. Chinese families also now avoid California universities as coronavirus, strained ties scare middle-class families.

Four out of five affluent China parents with children studying foreign curriculums and taking foreign examinations say they have postponed plans to send kids abroad, according to the South China Morning Post. Concerns mount among wealthy and middle-class mainland Chinese after the US recently revoked more than 1,000 visas of graduate students and research scholars. Mainland China’s communist regime pins its hopes on increasing internal consumption, but travel, retail sales and consumption remain relatively low in mainland China during its hushed recession.

China Digital Times and Associated Press reports that China is still struggling, with its own mainland real estate and political mess. A major mainland real estate developer was recently sentenced to 18 years in prison, convicted of corruption after daring to criticize the communist party’s extreme censorship and its mishandling of the virus pandemic.

Get a list of new homes under construction. 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.