LA Loft Blog

Downtown Los Angeles reimagined by Artificial Intelligence

REAL ESTATE NEWS (Los Angeles, CA) — Here’s a catalog of special reports and other super valuable secret benefits provided by the L.A. Loft Blog and the Corey Chambers Team to home sellers, buyers, renters, landlords and investors. These extra services, tips and tricks are free for Top Level Tour customers and home sale clients. Some of these reports are also free to all Loft Blog readers!

Mills Act Condo Loft and Historic Home Listings and Report

List of Affordable Industrial Live/Work Artist Lofts (free for clients)

Building Report — For Downtown or any condo building in California

Property Report — Records Search

Neighborhood Report — Properties list and neighborhood info

New Homes Interest List — Get info and request early viewings to new developments

List of Off-Market, Pocket Listings and Unlisted Properties

Downtown Los Angeles Business Directory — Free listing for clients

2-Level Loft, Condo and Apartment List — Properties most likely to have 2-stories

Distressed Lofts New Listings — Foreclosures, REO, Bankruptcy, Short Sales, Fixers

Arts District Lofts, Condos and Apartments

Press Release Distribution — Valuable free publicity

Lawsuits and Litigation Reports — Is your favorite condo building being sued?

Top Level Tour — Twice as many amazing lofts in Los Angeles

Lease Application Online — Accepted by most landlords and managers

Your Own Coin — Create your own Bitcoin type of cryptocurrency the quick, easy way

Just Listed — Fresh, new properties for sale or for lease

Fixers and Raw Lofts — Special deals on the most amazing places in L.A.

Pet Friendly Buildings — Downtown and the Greater Los Angeles Area

Best Investment Properties — Top 10 list of the most ROI lofts, condos and houses

Recently Sold Homes List — How much did the home down the street sell for?

Upscale Homes, Luxury Lofts and Condos

Real Estate Information Request — Request any custom information. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Downtown Los Angeles 6th Street Bridge on a Starry Night

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. 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.

Getting interest rates lower for a faster, easier home sale

REAL ESTATE NEWS (Los Angeles, CA) — Interest rates are going up, but here are some excellent solutions. Seller carry financing, seller mortgage rate buy-downs and other seller concessions can make it easier and more affordable to buy a home. Turn high interest rates upside down! Sellers are providing more help to buyers, with the help of some home loan professionals.

As the market slows down due higher interest rates, here is a quick bulletin to help buyers and sellers to get a property sold — even a non-warrantable condo listing! It starts with two powerful words: Seller Concessions. The Loft Blog knows of some local area mortgage professionals who have multiple loans locked this month at 4.99% for litigated condos. All of them have seller concessions, used to buy down the note rate from approximately 6.5% to 4.99%. Most are 3.00% concessions.

Here’s the math for a $600,000 property listing:

Scenario #1. Buyer and seller settle on a $585,000 price (a 3% price reduction) no concessions, and buyer gets a 30 year fixed mortgage at 6.5% (6.539% APR) 0 pts, on a $438,750 loan (25% down)

Payment is $2773 P&I and down payment is $146,250.

Scenario #2. Seller counters at full price with a 3% seller concession instead of 3% price reduction. Buyer gets a 30 year fixed mortgage at 4.99% (5.296% APR) with a 3% loan origination fee paid by the seller concession, on a $450,000 loan (25% down) Payment is $2413 P&I and down payment is $150,000.

Scenario #2 gets the deal done.

The buyer gets a rate of 4.99% and only has to put down $3750 more, AND, has a payment that is $360 less than Scenario #1. They make back the $3750 in 10.4 months with the reduced payments!!!

The best part is: It’s a wash for the seller, as they net the exact same amount.

PS. It works the same for single family homes too, with rates now back to 3.99%.

Experienced mortgage lenders say that this market will wash out many lenders and agents, but hard work and out-of-the-box thinking can make a home sale happen. New ways of financing are an absolute must to survive for prospective home buyers, sellers and investors.

Request a free report, and tell us about any desired transaction that might benefit from this winning combination of mortgage loan with seller rate buy-down. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/s2kpi1n0oun4v4/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

LA Loft Blog

Posts

California Real Estate Reports — How to Get a Big Advantage when Buying, Selling or Leasing a Home

Reverse Rising Interest Rates with Seller Concessions

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