Real Estate Market – Page 68

March 15, 2020March 16, 2020

Corona Virus Real Estate Los Angeles

Be greedy when others are scared. — Warren Buffett

Recession Tips and Tricks for Today’s Urban L.A. Property Market

REAL ESTATE NEWS — Because panic proves to create more harm than the coronavirus itself, the Loft Blog provides news and information on how to avoid incorrect thinking, and instead to take advantage of opportunities created by changes in the economy and society. Unlike a typical economy, where there is more benefit to buyers and sellers across the board, a depressed economy has fewer buyers, along with a larger number of losers who must sell low, giving greater opportunities to the wealthy, plus rewards for the brave who take advantage of lower prices and more bargains in the real estate market. #corona #virus #realestate #losangeles

Today’s toilet paper panic pales in comparison to the cholera pandemic L.A. bank run of 1910

The best time to sell a Downtown loft: Spring 2018 — For those who are just now thinking of selling due to the panic, OOPS! a bit late it seems, but the good news is that today is likely better than selling in the year 2016, and selling today is also likely better than selling in the year 2022, when downtown urban condo prices are projected be about 7% to 14% lower. Rents will stay about the same over that time. For those who want to wait until the next upside peak, set your Google calendar for around 2028. Of course, there’s no way to guarantee any market timing or pricing, but readers know that the Loft Blog has been the most accurate for the last 10 years regarding Los Angeles real estate market projections. More importantly: To help with today’s real estate market, here are the most helpful hacks that are working today for buyers, sellers, renters, landlords and investors in DTLA today: | Blog Video

Buyers:

Time to start stealing lofts! Place lower offers, below asking price, low-ball offers.

Place offers on pending, on-hold, expired and cancelled listings.

Place offers on foreclosures and distress sales.

Buy the ugliest property in the best neighborhood, and then beautify it (works in good times and in bad). Many Loft Blog readers know this, but they’re too spoiled, so they buy an already fixed up place. This is fine too for those with the resources who would rather spend their time enjoying the beauty of an already fixed-up loft condo or lofty house.

Take advantage of motivated sellers, Mills Act and Savings Guarantee.

Create long-term financial security with an ADU, duplex or other multi-unit property.

Beat out other buyers to hot new listings. The best deals go quickly. That’s why the most successful home buyers and investors don’t wait to see what the crowd is trying to buy. The astute buy before a property is listed to the public, before the prices get driven up.

9 common buyer traps and how to avoid them

Moving Up: 6 mistakes to avoid when moving up to a larger home

Sellers:

Find out what your home is really worth

Find out what the home down the street sold for

27 valuable tips that you should know to get your home sold fast and for top dollar

Moving Up: 6 mistakes to avoid when moving up to a larger home

Avoid these mistakes: The 9 steps to get your home sold fast and for top dollar

Renters:

Now is the time to save $500 or more on when leasing a Downtown Los Angeles loft. Use the upgraded tour service. It includes a guarantee to save at least $500.00 or a full refund

Why pay rent when you can own? Take advantage of todays falling prices, super low interest rates and 0% to 2% down payments.

Reader Questions:
Q: What is Broadway lofts DTLA? A: Broadway Lofts are the loft rental apartment building in the Historic Core Downtown Los Angeles. Lots of character with industrial walkways and awesome rooftop deck. Check out www.LALoftLease.com.

Get a free list of Mills Act historic lofts with property tax benefits. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/ze1qfwn1rrhoda/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

Coronavirus: Keeping your home and work safe. CDC recommendations list (PDF):

CDC-workplace-school-and-home-guidance Download

March 10, 2020March 12, 2020

Crash

REAL ESTATE NEWS

Will the recent stock market crash affect real estate? Yes, and weakening real estate has already affected the stock market. Many are unaware that the Downtown Los Angeles property market has been dropping in price and sales quantity for nearly 2 years now, as have many other local real estate markets across the U.S. American real estate caught the Coronavirus on January 21, 2020.

This week, it seems as though the economy is grinding to a sudden halt. Los Angeles Metro trains are virtually empty. Home buyers are evaporating. The L.A. Loft Blog provides analysis results stating that current real estate transactions have only about a 70% to 80% chance of success. Experienced Los Angeles real estate professionals say that the failure rate could quickly escalate to as much as a 93% chance of cancellation based on their 2008/2009 stock market crash experience, when 100% of transactions fell out of escrow for some Downtown Los Angeles real estate agents.

For the astute of means, such as Warren Buffett, significant market fear communicates that it’s time to get greedy. Jeff Berwick made 811% in profit in the crash. All markets offer opportunities for those who are motivated enough to learn, recognize and act on them. The biggest crashes on Wall Street or Main Street can bring the biggest opportunities for the most shrewd, especially for the cash-rich. They’re able to swoop in on bargain prices to gain all of the margin that the mainstream investors miss. If an economic crash is extra “bad”, it allows more buyers to come in and begin buying homes that they otherwise could not afford.

Many other types of opportunities exist in a crashing market. For renters who are paying high monthly rent, just about any time to buy is better than renting if they are planning on staying a while. Rent is a 100% loss to the renter that pays the landlords mortgage, while owning is almost always gaining equity for the home buyer. #crash #stock #realestate

Some stocks and businesses do well during economic downturns. Defensive stocks include:

Hasbro (HAS)
Ross Stores (ROST)
Walmart (WMT)
Amgen (AMGN)
Anheuser Busch Inbev (BUD)
H&R Block (HRB)
Dollar Tree (DLTR)

Other companies that can do well during recessions include film, theater and video game companies, along with other low-priced, economy products and services. Cigarettes, wine and chocolate can keep selling well, as do consumer staples like groceries, cleaning products, hygiene and cosmetics. Funeral services keep right on humming along. For real estate, the most economical properties, along with some super luxury homes continue doing well. Economical home renovators can stay busy. | Blog Video

Crashes and recessions are perfect opportunities to consult with financial advisors, spot inefficiencies, reduce costs, identify upcoming opportunities, reorganize, forge stronger plans, snap up bargains, prepare for new markets and lay the groundwork for bigger and better ventures.

The Alta loft that is the home of the L.A. Loft Blog was planned during a recession, then purchased at the bottom of a recession, helping to provide excellent long-term stability through all kinds of economic cycles. “We invested heavily in unique systems to really help buyers and sellers during challenging times,” says Los Angeles broker Corey Chambers, “That’s how we’re able to provide worried home sellers a guarantee that their home will sell at a price acceptable to them, or we’ll buy their home for cash.” That guarantee is especially helpful for move-up buyers to buy their new home without worrying about selling their current home.

Loft buildings that perform well during crashes and recessions include the Higgins Building, Alta Lofts and the Elleven lofts.

Home buyers and sellers can get free information on how to save thousands and reduce risks at www.ChambersGuarantee.com

Find out what your neighbor’s loft sold for. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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