LA Loft Blog

How Many Amazing Downtown LA Lofts Will You Miss?
Pocket Listings Provide Plenty of Places to Purchase

How would you like an amazing Downtown Los Angeles loft that more than gains $100,000 in equity in 2 years?  How would you like to lose an amazing L.A. loft that could have been a life-changing home and investment?  Many of my clients and I have enjoyed experiences closer to the first story, the happy story.  At the same time,  I have had to see some others experience the second story, the less happy story.  What makes the difference between the happy loft story and the not-so-happy story?  Of course anyone with $10,000,000 has lots of options.  For the rest of us, the most powerful free resource for buyers is knowledge and access to more properties, more information about the properties, and more knowledge about the Downtown loft market.

As more and more buyers try to purchase lofts in Downtown, we are hearing more and more sad stories of buyers who have already been priced out of the market, who wish they would have purchased in 2011 when most were either to broke or too scared to buy a property.  Many others have placed offers on a nice loft, only to be outbid or outmaneuvered by another buyer.  They lose their dream loft.  Still other buyers have searched for a long time, and when they finally placed their offer on the same day of the listing date, the agent completed the paperwork and got it back to them that night.   The offer got to the seller the very next morning, but the seller had already accepted another offer.  They had seen that happen once before.  The best lofts seem to be sold sometimes before they are listed.  Are many of the best lofts and condos selling instantly when they are listed or even earlier?  This is not our imagination.  Many of the best lofts really are sold before they are listed, or shortly thereafter.  This is called a “pocket listing.” It is actually a type of unlisted property that is not on the internet and most real estate agents do not have access to them.  Some buyers get priority information and privileged access to the pocket listings before they are listed.  These lucky and/or smart buyers are called VIP buyers.

One happy buyer — we will call him Jeff Mason to protect his privacy —  just sent me an email thanking me for helping him to buy a loft that more than doubled in value in two years, along with a comp listings showing a similar loft that just sold for more than twice what he paid for his loft.  How did Jeff do it?  Jeff was a VIP buyer.

Another buyer — we will call him Robert Gallagher —  was able to place an offer on a resale Barker Block for thousands less than other Barker Block lofts.  With only  10% down, he was able to go into escrow with the most desirable loft unit in Downtown with resort-level amenities, low HOA dues, in the coolest neighborhood in the world.  He was able to see the property before it was listed on the MLS. How was Robert able to do it?  Robert had already lost one unit before.  He is a quick learner, and he found out how to become a VIP buyer for free.  That’s right!!   Believe it or not, it cost him nothing to gain access to these pocket listings, as well ask listings of all agents, including foreclosures, REO, bank owned properties, short sales, distressed properties and raw lofts.  Robert got access to the largest number of pocket listings and other unlisted properties.  At no cost, Robert joined the VIP buyer program to gain access to the pocket listings.  Robert was notified by email and text about a pocket listing in the prized Barker Block building.  Robert hear about the property before it was listed to the public, and this time he was the one who was able to see the unit before it was listed, and place an offer before the other buyers were able to.  Rob learned how to go from being the guy who watched other buyers steal his dream loft, and even though he only has 10% down, he is now the VIP buyer who was able to buy a dream loft before other buyers ever knew it existed.  This time, it was the other buyers who missed out, not Robert.

The biggest secret in Downtown is pocket listings and other unlisted properties.  Knowing about unlisted properties is the first step.  There are many other advantages that buyers absolutely need in order to get maximum advantage.  Buyers need access to the largest number of foreclosures, bank owned, company owned, REO, short sales, fixers, raw lofts and other distressed properties from all agents.  To get the lowest price, the buyer should also use a Downtown specialist agent who knows what lofts in the building sold for less than 30 days ago, before it gets listed on the MLS.  Downtown buyers need to access boldest, most powerful strategies that are required to help the average buyer beat out wealthy international cash buyers who are trying to buy the same unit.  Using an out-of-area agent is just not worth it.  It is simply not worth it to use an agent who does not have access to the very largest number of pocket listings and unlisted properties in Downtown. To get every advantage, Buyer’s absolutely must join the VIP buyer’s program to work with the buyer’s agent team with the largest number of pocket listings in Downtown.

Prices have risen. The number of buyers has increased. The number of easy bargains has decreased. The average buyer today is getting crushed by wealthy investors, cash buyers, and VIP buyers who are buying the property before the average buyer sees it.  It is no longer effective to be the average buyer.  Every buyer must use the most powerful free tools available.

To get the the best investment and best deal on an amazing loft, become a VIP buyer, and gain free access to the largest number of distressed properties and unlisted properties.  Those who are not ready to work with an agent can immediately take advantage of the free Downtown real estate information at http://www.LAcondoInfo.com while buyers who are ready for the best deal today should immediately call the buyer’s team with the largest number of Downtown unlisted properties and distressed properties. Call Corey Chambers at (213) 478-0499 and become the VIP buyer who is able to beat out other buyers to the best deals.

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Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org
http://www.LAloftBlog.com