Barker Block Downtown Los Angeles: 13 Extra Costs to Be Aware of Before Buying a Loft
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Barker Block is a complex of new construction and existing resale lofts in the Arts District of Downtown Los Angeles. It brings modern design and amenities to an original furniture warehouse in the heart of the city’s most authentic neighborhood. Mixing life, art, energy and home, Barker Block offers one of the most beautiful and intriguing living experiences around.
Whether you’re looking to buy your first home, or trading up to a larger one, there are many costs – on top of the purchase price – that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you’re not informed and prepared.
Barker Block’s location in the Arts District is one of those genuine places with a real neighborhood fabric, originality and creative energy that gives it a familiar big-city feel with a uniquely Angelino vibe.
Some costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. While not all of these costs will apply in every situation, it’s better to know about them ahead of time so you can budget properly.
Recent new construction lofts have suffered from issues including previous and new lawsuits against the developer, new litigation, financing problems, lost parking, other parking issues, HOA-management conflicts, difficulty with the sales office, overpricing, overpaying, upside-down buyers, health and safety issues. Bring an agent into the first visit of a new loft development. It costs the buyer nothing to get the right assistance necessary for a successful purchase. All buyers should see the alternatives, including pocket listings and other unlisted properties.
Remember, buying a Loft to make your home or as an investment property is a major milestone, and whether it’s your first, second or tenth, there are many small but important details, not to mention stress and excitement, to deal with during the process. The last thing you need is unbudgeted financial obligations in the hours before you take possession of your new home.
All buildings in Downtown Los Angeles have issues that buyers should know about before seeing the property. Barker Block and its developer have had issues with parking, lawsuits, health and safety, HOA and broker conflicts of interest, overpricing and other questions. All prospective buyers and renters of Barker Block lofts should get free help from a Downtown specialist Realtor(R).
To help homebuyers understand what these extra costs are, and in what situations they may apply, a free industry report has been prepared called “13 Extra Costs to Be Aware of Before Buying a Home“.
Order this report NOW to make sure you’re budgeting properly for your next move. Request the free report now at http://www.lacondoinfo.com/seminar_13costs.asp or CLICK HERE
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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.
