Home Inspection Los Angeles

Homebuyers Want to Know The Home Inside And Out #losangeles #homeinspection

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More than 95% of all Los Angeles area home buyers choose to get a professional general home inspection upon going into escrow so that they can know exactly what they are buying.  Many defects are hidden under the sink, inside major appliances, on the roof and other places that buyers often miss.  A licensed home inspection company checks all of these places and more, then provides a detailed report on the defects found and other helpful information on the current state of maintenance for the home.

laloftinspect-mkFor Downtown lofts and condos, home inspections are usually smoother than those for the average single family house. Lofts are usually the sturdiest of all residences because they were originally built to more demanding, heavy-duty industrial or commercial specifications. Most single family homes in the Los Angeles area have more defects than condos, and many houses have unpermitted additions and other issues (such as fences that are too high etc) that general home inspectors do not normally catch. Homes on hills such as Mount Washington sometimes need a separate septic system inspection.

According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection when a home is for sale. There are 11 that everyone should know about if planning to put a home up for sale. A free report is available called “11 Things You Need to Know to Pass Your Home Inspection.” Request a free copy of this report in your mail by ordering from the toll free 24-hour automated condo information hotline at 1-800-791-4541 ID#1003 or at www.LALoftInspect.com.

Most traditional houses eventually get termite infestations and other pest problems, while most lofts never do. Condo owners need be aware of different HOA Homeowners signature-higgins-705-3973Association issues and rules. Condo sellers much check with the HOA well before an inspection to ensure that the inspector can gain access to rooftops, air conditioning, heating, plumbing and electrical panels for the unit being inspected. If the seller does not have the electricity and other utilities turned on, then the seller might need to reimburse the buyer for a 2nd inspection. While buyers usually for inspections during escorw, it can be a good investment for the seller to get a home inspection and repairs in advance so that the buyer is more likely to pay top dollar for a home that is in fabulous condition.

Get a free list of Los Angeles loft, condo and home inspectors. Fill out the online form:

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Copyright © 2016 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.

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Downtown LA Affordable Artist Lofts – Do they still exist?

Is Downtown Los Angeles now a luxury real estate market?  #affordable #dtla

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Lofts under $400,000 are drying up today just like lofts under $300,000 evaporated a couple years ago.  For renters, the story is similar; DTLA lofts that rented for $2,000 per month a few 141brewery-artwalk-161023-mkyears ago are going for $2,500 today.  A few years ago, $8,000 per month was very pricey for rent in Downtown L.A. yet today, renters are paying upwards of $100,000 per month for rent Downtown.

Affordable Lofts For Sale
Affordable Lofts For Lease

Not too long ago, artists took refuge in Downtown’s decaying buildings for their large size, open space and affordability. Downtown is still a great bastion of art, but, today, the starving artists are being replaced by commercially successful artists.  The struggling painter is forced to move to Lancaster or Bellflower, while the award-winning film maker moves from Beverly Hills to enjoy the new, hip shops and restaurants the Historic Core and Arts District. Regardless of how affordable or expensive the Downtown LA loft, condo and apartment market, there are always some kind of bargains to be found.  It is our job to help find them. Get affordable lofts for sale and for lease. Fill out my online form:

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Copyright © 2016 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, seller 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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Penthouse Lofts Downtown LA Condos, Apartments w/ Uptairs Mezzanine 2 Story, 3 Level

As buyers and renters of Downtown lofts, along with readers of the LA Loft Blog continue to get more refined in their home search, demand rises for penthouses. #dtla #penthouse

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Separated bed area has always been high on the list for loft lovers. Most urbanites are not too keen about having the bed right next to the refrigerator or by the front door. An open loft with a bedroom or multi-level with a bed area upstairs is highly desirable when searching for a loft for sale or for lease. Two-story lofts usually comes with extra high ceilings 15 feet or higher for an expansive, extra lofty feeling of spaciousness.

Penthouses, the units on the top floor of a condominium building, often come with spectacular views and extra high ceilings for more overall cubic feet of open space. They’re more likely to include a mezzanine upstairs bed area along with an outdoor space such as a balcony or upstairs 3rd level private terrace. Because they often come with 2-stories and these extra benefits, they can also come with a higher price tag called a “penthouse premium.”

Get a free list of penthouse Downtown Los Angeles lofts apartments and condominiums. Find out pricing, availability and details. Fill out the online form.

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
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Copyright © 2016 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.

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Los Angeles Lofts For Sale – Goodbye $300,000s. Say Hello to $400,000s. #dtla #realestate

The average recently sold Downtown L.A. condominium price is $664,976.

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REAL ESTATE NEWS AND MARKET REPORT:  At the end of 2015, there were many DTLA lofts listed in the $300,000s. In 2017, there will be almost none.  Next year, the starter home lofts will begin in the $400,000s, except for a few tiny studio-size condos.  Today, Downtown has many opportunities for those who are looking for a bargain price.  Some of those bargains include the distressed lofts at the Higgins Building, the awesome historic Mills Act lofts in the clean, pretty area between the Historic Core and Civic Center neighborhoods. Active, motivated buyers are taking advantage and getting a steal this season while some potential buyers are either scared from the election or dormant for the winter holiday season. Meanwhile, massive expansion of Downtown infrastructure and huge influx of residents continues to place strong upward price pressure.  Investment gurus Jim Cramer and others have stated their analysis that prices and interest rates are likely to rise in 2017 and the coming years. The Wall Street Journal has also just weighed in with its forecast of rising prices.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.  —  Warren Buffett

The greedy are still raking in the dough in DTLA. Prospective Downtowners and investors can today take advantage of several issues that are temporarily depressing prices. There have recently and currently been a cluster of minor economic panics in Downtown LA.  Some sellers have reduced their asking prices of lofts in the Higgins Building due to a new assessment.  The prices were reduced some time ago, and some home sellers are giving money to buyers, so buyers are today getting Higgins lofts for up to $50,000 less than they would otherwise cost.  The same holds true for units at Evo, Luma and Elleven buildings, as some buyers and sellers are afraid of the HOA lawsuit against the developer, combined with huge new condos being built nearby.  These also allow buyers to pick up one of these soft lofts for easily $50,000 below what the prices will be once the dust settles.

Get access to all of the bargain lofts and condos for sale. For a free list of foreclosures, bank owned and other distressed Downtown properties, fill out the online form:

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Copyright © 2016 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, seller 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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Downtown Los Angeles Tours

L.A. Walking Tours and Private DTLA Tours of Lofts, Condos and Apartments

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Downtown LA Tour — There are several types of free and paid tours of Downtown Los Angeles streets, neighborhoods, lofts, condominiums for sale and apartments for rent.  The DTLA Walking Tours offer a free walk around the city where visitors can step inside world-class monuments, tell stories, learn the history and experience the architecture of the City of Angels. Go back in time with the Los Angeles Conservancy tour of Historic Downtown, which offers a great overview of downtown L.A. history and architecture, from the eighteenth century to the present.  Free Tour website FreeLATour.com offers free group tours and and paid private tours of Downtown LA restaurants, bars, shops, Broadway, City Hall, Union Station and the Walt Disney Concert Hall. Tourist website LATourist.com lists different tours such as the Olveras Street Tour etc.    #dtla #tour

For those who are more interested in serious real estate tours of DTLA, the L.A. Loft Blog and Realty Source Inc offer private tours of Downtown Los Angeles lofts and condos for sale and loft apartments for lease. These tours are generally free for home buyers and renters above the $2,500 per month range.  Those seeking bargain rentals under $2,500 per month will get special priority access to all types of rentals including those that require a real estate agent to get in, along with the hidden bargain rentals that real estate agents will not normally show because the owner does not pay the agents.  The service includes a choice of a 3-Hour Tour or Priority Service Upgrade.  Ideal for those who are not very familiar with Downtown L.A. real estate but need to find the best place and best deal for sure right away. Details of the tour are at http://www.LALoftTour.com.

Get free information on Downtown LA Tours. Fill out the online form:

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Copyright © 2016 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.

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Arts District Downtown Los Angeles Unlisted Lofts For Lease and Apartment Rentals

Finding the right home in Downtown LA just got a lot easier.  #dtla #apartments

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It’s not easy to find just the right place in Downtown LA for the right price, but it gets a lot easier when buyers and renters can get access to all of the different types of lofts, condos and apartments for lease and for sale, including the pocket listings, off-market and unlisted lofts that are not on the internet.

beacon-203-kitchen-c-e-mkHere’s some unlisted 960 sq ft lofts available exquisitely furnished, partial or unfurnished with a dramatic skyline view and awesome balcony. Not listed with real estate agents, but the L.A. Loft Blog has the scoop. In the Arts District of Downtown Los Angeles, these live-work lofts are designed for creative city living. Some of these rentals are 4th floor large open loft units complete with everything you can possibly need. They has historic industrial charm along with modern detailing, high ceilings, bright south facing views with lots of natural light, polished concrete floors with metallic epoxy, modern open kitchen that flows into spacious living areas, stainless steel appliances, views, modern bathroom with in-unit laundry washer / dryer, central air.  Photos show a similar unit. Available exquisitely furnished or unfurnished. Gated assigned parking. Dog run and rooftop deck with hot tub spa and outdoor kitchen with barbecue grill and stunning view of the city. Across the street from Architecture and Design Museum, one block from Arts district flea market, dog park, and La Kretz Innovation Campus Cleantech Incubator, near Little Tokyo, and the new outdoor mall At Mateo, Zinc Cafe, The Base LA, Sticky Rice, Bestia and Metro station. Request photos, pricing and details. Fill out the online form:

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Water arrives at The Base LA by Beacon Lofts

Water arrives at The Base LA by Live/Work Industrial Lofts Downtown Los Angeles

Copyright © 2016 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.

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Anti-Trump Protestors Recorded Live VIDEO Downtown Los Angeles #dtla #protest

California, the West Coast, and especially Downtown L.A. largely voted for Hillary, but was outvoted by the South and the Rust Belt.

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Southern Californians are none too happy. Here’s the ensuing protests shutting down the streets of DTLA, especially around the Civic Center, and closing some freeway off-ramps. See the live video news coverage recorded earlier at https://www.facebook.com/corey.chambers

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Get free information on Downtown Lofts and Condos for sale and for lease. Fill out the online form:

Copyright © 2016 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.

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What the Hell is Going on with FHA/VA Loans in Downtown Los Angeles Lofts and Condos?

Happy Veterans Day Downtown L.A.!  #financing #lofts

Veterans Day Downtown LA Military - FHA/VA Financing

As a veteran of the United States Air Force, it’s a special day for me and for our troops who corey-chambers-air-force-1988are fighting and guarding us day and night. They all very much deserve our thanks!  VA and FHA home loans are government sponsored financing to help veterans and also non-veteran first time homebuyers to afford the American Dream of home ownership. It turns out that helpful mortgage programs like these change sometimes, and, more often, become more or less effective based on changes in the housing market.  Today unfortunately, FHA and VA are nearly 100% INEFFECTIVE in the booming Los Angeles housing market, especially for condominiums, and they have lately been totally useless for Downtown Los Angeles lofts for sale. But, there are other low-down payment alternatives.

The good news is that our heroes, both military and civilian, who thought that that they needed FHA or VA financing can find out that FreddieMac and other mortgage lender programs have plenty of low-down financing with 5%, 3% or even no down payment. The LA Loft Blog has posts with more details about the problems, delays and other issues that make VA/FHA impractical for Downtown lofts.  >> MORE

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As a reader of the L.A. Loft blog, you have priority access to privileged information about the best deal on a Downtown Loft Loan. Fill out the online form:

Copyright © 2016 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.

Posted in Condominiums Downtown Los Angeles, Downtown Los Angeles, FHA/VA, financing, Financing a Loft, home loans, Lofts Downtown Los Angeles | Tagged , , , , , , , , , , , , , | Leave a comment

Buying a Downtown Los Angeles Loft – Cash Home Purchase #cash #lofts

cash-home-purchase-loft-moneyMore than 25% of Downtown loft purchased in 2016 have been all cash purchases. Cash buyers save about 5% to 7% on a home purchase because they are not paying interest on a home loan, and they can often pay about 1% to 2% less on the purchase price. Home sellers are likely to accept a cash buyer for slightly less money than a financed buyer because the cash buyer does not need to get approval from a lender or appraiser.  A cash purchase can often be completed in 10-15 days whereas the average financed purchase takes 30 days, and some, such as FHA/VA may take 45 days or longer.

Take a look at the new video for Downtown cash buyers, or those who plan to finance can instead see the version of the video that includes info on loft financing at https://youtu.be/QiGuKdgdOnQ

Get a certificate for $1,000 off your closing costs when you buy a Downtown loft or condo. Fill out the online form:

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Copyright © 2016 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.

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Trade Your Downtown Los Angeles Loft for a Swiss Penthouse Luxury Condo in Switzerland

As exciting as Downtown Los Angeles is, some DTLA homeowners find that they need cool, crisp, clean air living among the wealthiest persons on earth, such as the Swiss. #dtla #realestate

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Here is a penthouse condominium in Switzerland for sale. The owner would like to sell it to buy a Downtown L.A. loft or to trade. If you know anyone who wants to trade an LA loft for a modern swiss penthouse valued at $789,000, then Call Corey (213) 880-9910. Here’s the Swiss property details:

Residence Belmonte – Lugano-Aldesago

For sale on the top floor is a very elegant and comfortable 3 ½ room apartment featuring a large terrace (about 13 m²) and enjoying a great view of the lake and gulf of Lugano as well as the surrounding mountains. This pleasant residence features an outdoor swimming-pool and brings plenty of sunshine. Located on the southern slope of Mount Brè in a very quiet residential area. Downtown Lugano can be reached with about 10 minutes drive. The bus stop and the station of the Mount Brè funicular railway are nearby, as well as different restaurants and the well-known Hotel Colibri. A wonderful panoramic view can be enjoyed as it embraces the lake and gulf of Lugano, Mount San Salvatore, Mount San Giorgio up to the Valais Alps with Monte Rosa. Not far from the Italian border.  >> MORE

SELLING PRICE:
CHF 780’000.- (USD $789,000)
+ off-road parking space CHF 30’000.- (USD $30,362)

For those who prefer to stick to Downtown LA, here’s the lowest price on a Mills Act loft:
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To save on property taxes, find out about all of the Mills Act lofts in Los Angeles. Get free info: Fill out the online form:

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Copyright © 2016 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.

Posted in condominiums, Condominiums Downtown Los Angeles, Condos for sale, Downtown Los Angeles, Lofts Downtown Los Angeles, real esate | Tagged , , , , , , | Leave a comment