What Your Buyer’s Agent Doesn’t Want You To Know – Buying Without a Broker

Real Estate News ¬†— ¬†The Death of the Buyer’s Agent

The statistics in this L.A. Loft Blog post will surprise and shock home buyers and real estate agents alike. Realtors who specialize in helping buyers are facing a diminished financial future as buyers are feeling more empowered by the internet to find homes on their own. #buyersagent #homeprices

Death of the Buyer's Agent
Death of the Buyer’s Agent

While using a buyer’s agent is not a legal requirement for purchase of a home in California, nearly 100% of transactions involve getting help from a buyer’s agent, listing agent or attorney. For a good chance of a successful purchase, the offer needs to be written up properly, with sufficient supporting documents so that it can be seriously considered by the seller. ¬†Most buyers choose to find and use their own agent who specializes in helping buyers and who can be dedicated to helping the buyer to find the right home, then to negotiate the best price and terms that are in the buyer’s best interest. Because technology is improving, a growing number of buyers are finding their own on real estate websites, and then contacting the listing agent without getting help from a buyer’s agent.

The Los Angeles Times reported on why some buyers are ditching the real estate agent and turning to start-ups and other websites for help instead. In the past, real estate agents had exclusive access to much real estate information that home buyers could not get themselves. But today,¬†property listings, photos, recently sold prices, school ratings and neighborhood information such as crime rates are available free on the internet. For some assertive buyers, that‚Äôs an invitation to bypass an agent and, in the process, try to negotiate some of the 2.5% to 3% that is commonly paid to the buyers agent. Why not ask for some of that to be applied to lowering the purchase price if no buyer’s agent is being utilized? There are some new websites that specialize in helping buyers with an online platform. Some, such as Open Listings represent the buyer and then rebate half of the selling agent’s commission to the buyer.

Even with the latest technology to help buyers (92% of buyers use the Internet during their home search according to¬†National Assn. of Realtors), most decide to use a buyer’s agent so that they won’t risk missing out on the perfect home, and they want the most powerful negotiator that comes from a full-service, fully-compensated agent who will creatively overcome the many tricky hurdles that are typical with most California real estate transactions. Most buyer choose to hire good representation because they know that there is not enough inventory in today’s market, often too many buyers who they must compete with who are using the best strategies and tactics to get the best home for the least amount of money. ¬†Then, if lucky enough to beat out the other buyers to the best deals, the buyer must then face an adversarial seller who is represented by a clever listing agent employing every strategy in their arsenal to extract as much money from the buyer as possible on the seller’s terms. Most buyers know intuitively that a cut-rate service could be risky, especially in a sophisticated area like Los Angeles, and buyers want the best help possible representation when the difficult rivals, problems and questions present themselves in a real estate transaction.

Buyer's Agents Feel Squeeze of Technology
Buyer’s Agents Feel Squeeze of Technology

These questions include: How do I find the listing agent? How do I get just the right properties that match my criteria in my email every day as soon as they come on the market? How do I find the real bargains that are not on the internet? How do I see new homes under construction? How can I put in an offer with an escalation clause? Where can I find the special deals like distressed properties, raw lofts, REO, foreclosures, auctions, bank owned, for sale by owner, expired listings, company owned, estate sales, probate sales, homes falling out of escrow, homes falling out of contract, expired listings, listings on hold, vacant homes, divorce sales, auctions, pre-auctions, pre-foreclosure, off market properties, private listings, unlisted homes for sale, pocket listings, need-to-sell-now homes, unclaimed homes, upcoming new loft conversions and homes for sale by sellers who do not want to pay an agent? Many of these deals are missed by buyers with or without an agent.

Shocking Facts About Buyer’s Agents – Homes Sell Faster Without ‘Em

The reality of today’s real estate market is that the buyer’s agent is slowly diminishing in necessity. Possibly because they are actually slowing down home sales. ¬†As a matter of fact, the big real estate news today is that homes now sell faster when the buyer’s agent is offered less commission. Yes, you read that correctly. ¬†Homes now sell faster when the seller and listing agent share less money with the buyer’s broker. ¬†We could not believe it when some leading real estate coaches and brokers recently told us, so we ran the recent numbers for the local Los Angeles market. Higher CSO shared commission to buyer’s agent of 2.6% or more resulted in an average of 70 days on the market, while a lower CSO of 2.4% or less delivered a sale in just 57 days on average during the same 6-month period based on TheMLS data. Of course, the average home sold for significantly less money with a lower average sold price when the shared commission was lower.

Lower CSO brings faster home sale
Lower CSO associated with faster home sale
Higher CSO correlates with slower home sale
Higher CSO correlates with slower home sale

While most prospective home buyers search the internet themselves first, most of them still ultimately prefer to use a buyer’s agent because that way they can feel confident that a trusted professional is on their side exclusively, they can get all of the pros and cons, and the seller pays for it.

Hard-to-Find Bargains DTLA ¬†– ¬†Find out where they are.¬† ¬†— ¬†Get a free list of the best DTLA loft and condos investments with best prices and special deals.¬†Fill out the¬†online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Lofts For Sale Map Homes For Sale Los Angeles

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Less Commission to Buyer's Agent Get Faster Sale
Less Commission to Buyer’s Agent Results in Faster Sale

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.

Top 5 Ways to Save $10,000 or More When Buying a Downtown LA Condo or Loft

Here are 5 ways to save money that buyers should consider before buying a loft, condominium or other home in the Los Angeles area.

2-bedroom for sale
Downtown 2-Bedroom 2-Bathroom Panoramic Views Bunker Hill Tower LA 800 W 1st St, Los Angeles 90012

It’s all about taking actions that other buyers don’t know how¬†to do, or are afraid to do because they don’t understand the process.

Save Thousands When Buying a Downtown Loft
Save Thousands When Buying a Downtown Loft

Pocket Listings РA pocket listing is a property for sale that is not listed on the MLS, not on the Internet or not available to most real estate agents.  VIP buyers can get access to these off-market properties.

Early Offer РPlace an offer with a viewing contingency before seeing the property so that you can take it off the market before other buyers have a chance to drive the price up.  Most buyers are afraid because this is counterintuitive, and other buyers do not understand that the offer does not become a valid offer until after you view the property.

Unsolicited Offer РDid you miss out on the perfect property?  Chances are there is one just like it on the floor above or the floor below. If you are a VIP buyer, your agent should send unsolicited offers to the similar units nearby.

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Ask Questions – The more you know about a property and the seller’s goals, the more you will save on your home purchase. The best Downtown specialist buyer’s agents ask the best money-saving questions for the buyer, and buyer’s agents cost nothing to the buyer. ¬†There is one particular questions to ask that, by itself, saves on average $8,000. Find out what that question is.

Fixers and Raw Lofts РFor investment purposes, you wan to buy the ugliest loft in the best building.  Windows and natural light are the most important, but even a dark loft can become cheerful with the right lighting fixtures. You or your friend must know how to turn the ugly duckling loft into a prince charming of a home.  Most people are not good at visualizing how to do that, so if you have the vision, take advantage of it.

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Copyright ¬© 2015 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 necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 478-0499 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.

L.A. Loft Blog Tags: What Do They Tell Us About Los Angeles Lofts For Sale and For Lease?

L.A. Loft Blog Tags:  What Do They Tell Us?  What You and Your Fellow Los Angeles Urbanites are Looking For

Below is the list of the Most Popular Tags on the L.A. Loft Blog.  Like keywords on a web page, tags can help you quickly find what you are looking for, so I will discuss each tag so that Downtown loft buyers, sellers and renters will know why so many people have searched and clicked on the posts.  Here are the tags for the most popular Loft Blog posts:

arts¬†Arts District¬†Buyers agent¬†ca¬†California¬†chamberscondo¬†condominium¬†condominiums¬†condosconversions¬†corey@laloft.org¬†corey chambers¬†district¬†downtown¬†downtown los angeles¬†factory¬†for sale¬†historic¬†la¬†laloftlaloft.org¬†laloftblog¬†la loft blogLAloftBlog.com¬†la rentals¬†Loft¬†loft downtown los angeles¬†Loft Rentals¬†Loftslofts downtown los angeles¬†lOFTS FOR sALE¬†lofts in LA¬†Lofts in Los Angeles¬†Los Angelesnew lofts¬†pocket listings¬†real estateRealtor¬ģ¬†realty¬†secret inventory¬†target downtown los angeles¬†warehouse¬†www.laloft.orgwww.laloftblog.com

Arts District
Arts District

Arts – It’s no wonder that so many people have searched and clicked on the word “arts” when they are reading the L.A. Loft Blog. ¬†Downtown Los Angles is the center of arts in Los Angeles; that’s why Downtown has it’s own Arts District, which once was a neighborhood known for¬†big, cheap defunct warehouses converted into live-work rental lofts where artists could create¬†big projects at lower cost. ¬†The Arts District has since transformed into an up-and-coming neighborhood, now come¬†into its own as the¬†world renown epicenter of creativity and modern¬†culture.

The words “Buyers agent” are¬†popular on the LA Loft Blog because our team started off as buyers agents, helping renters and buyers to find lofts in Downtown.

CA and California Рare obvious because we are in Los Angeles, California, and a fair number of people move here from across the U.S. and worldwide.

Corey Chambers – ¬†Is me, the author of the L.A. Loft Blog, Realtor Corey Chambers. ¬†I’m a Real Estate Agent with Realty Source Inc.

Condo, condominium, condominiums, condos РThese are individually-owned residential housing units inside of large multi-unit buildings.  In Downtown, more than half of these condo buildings are industrial or commercial conversions with live-work lofts created under the City of Los Angeles Adaptive Reuse Ordinance.

corey@laloft.org is my email address.  Feel free to email me with any questions or comments.

District – a smaller official neighborhood inside the larger neighborhood of Downtown Los Angeles

Downtown Los Angeles РThe place where it all happens.  Downtown L.A. is the new center of the universe!

Factory РThis word belongs to several things in Downtown, including Factory Place Arts Complex, the rental lofts building where we worked for many years.  The Factory Kitchen is now there as well.  Downtown is also home to Toy Factory Lofts.

For Sale РMany potential loft and condo buyers visit LAloftBlog.com to see Downtown Los Angeles property listings of properties for sale and for lease.  Sellers also contact us to sell lofts because we have more than 600 buyers in our database, allowing sellers to get more money faster with guaranteed results*.

Historic РDowntown Los Angeles is home to many historic buildings that are significant in importance due to their rare artistic beauty and their bestowing of lessons from the past.  Several of the lofts for sale can provide the opportunity for special tax savings.   The Mills Act can bring potentially huge savings off of Los Angeles County property taxes.

LA – That’s short for Los Angeles, spanish for The Angels. ¬†That should probably now be changed ¬†to The Dodgers, which would be¬†Los Esquiveros in spanish.

laloft is the username that our team uses on some websites.

LAloft.org is our other website that also has links to Downtown properties

LA Loft Blog ( LAloftBlog.com ) is what you are reading now.  The authority on Downtown residential real estate.

LA Rentals – The L.A. Loft Blog and our team provides up to three times as many rental options! ¬†Search the blog or go direct to the agent lease listings at LAloftLease.com. ¬†If you’d like extra help with up to three times as many rentals, then check out the 3-hour private tour at LAloftTour.com

Loft – That’s those big boxes that people can live and work in. ¬†They also make a great canvas for creating your own work of three dimensional art called a home¬†ūüôā

Lofts Downtown Los Angeles – This is the way that most of my clients want to live — ¬†big, open spaces in an exciting, fun walkable urban neighborhood with¬†restaurants, bars, pubs, entertainment and transportation.

Loft Rentals – Renting is all the rage for those who prefer instant gratification, freedom and cash liquidity.

Lofts For Sale РFor those who prefer to own their own destiny in Downtown, feel the pride and reap the rewards of home ownership, such as growing equity and return on investment in the most exciting place on earth.

Lofts in LA – There are a few lofts in other parts of L.A., but Downtown has by far the largest concentration of lofts.

new lofts РNew lofts are old buildings that have recently been converted to live-work condominiums for sale or lease.  Many buyers will choose a new loft over a resale when given the chance.  The most recent new lofts were Barker Block Warehouse One.  Currently, there are no new loft conversions under construction, and none planned for the near future.

pocket listings РThe biggest secret in Downtown Los Angeles real estate are pocket listings and other unlisted lofts.  Prospective buyers who are not on a the VIP program with the  L.A. Loft Blog team are missing some of the best deals on the most amazing lofts that are not on the MLS.  Most other agents do not have access to all of the pocket listings.

real estate – That is the properties for sale and for lease, and the loft that you will own if you buy one.

Realtor¬ģ is a licensed real estate agent who is also a member of the Association of Realtors. ¬†Association of Realtors provides high standards, defined practices, tools and resources for real estate agents and brokers.

realty – A real estate company

secret inventory – This is unlisted properties and pocket listings that are for sale but not listed on the MLS and generally not found online

target downtown los angeles – Target store is the popular discount store, opened in Downtown in 2013

warehouse – The Arts District of Downtown has a couple loft buildings with warehouse in the name, including Barker Block Warehouse 1 and Toy Warehouse.

www.laloft.org is our other website that also has Downtown loft listings

www.laloftblog.com is the website that you are reading now, the authority of Downtown Los Angeles residential real estate with twice as many amazing lofts for sale and for lease

Fill out the online form:


For more information:

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO

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

L.A. Loft Blog, 816 S Broadway, Los Angeles, CA 90014

Realty Source Inc  BRE#01889449

Biggest mistakes being made today by buyers of new lofts:

Biggest mistakes being made today by buyers of new lofts:

Purchasing a loft property is often times different from purchasing a house or a condominium. ¬†The best way to protect yourself from making mistakes that can’t be reversed is to bring a buyer’s agent. ¬†Corey Chamber’s team offers years of experience specifically in Downtown Los Angeles and specifically with Lofts. ¬†The following is a list of common mistakes buyer’s make and mistakes that Corey’s team can help you avoid.

1. Paying too much for the new lofts

2. Not using downtown loft specialist buyers agent

3. Not bringing agent with on first visit

4. Not finding out about defects in building

5. Not having the right strategies to negotiate with the seller

6. Not finding out about potential conflicts with HOA management and owners

7. Not finding out about potential health hazards near the building

8. Not seeing the alternative resale properties, including pocket listings, unlisted and unadvertised properties

Our free home buyer consultation is your first step to a successful home purchase.  Because we specialize in Lofts, we can tell you what to expect, both the good and the bad.  While being enthusiastic and energized is a good thing, and buyers may not want to hear bad news for fear of losing enthusiasm, we believe that understanding fully what is going to happen in a purchase will fight against buyers remorse and help a person be fully satisfied with a purchase of new home.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

Get full representation at no charge to you.

Call Corey Chambers to make an appointment to see the new lofts (213) 478-0499

DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS  |   VIDEO (Preview)

Corey Chambers, REALTOR¬ģ

(213) 478-0499

coreychambers@yahoo.com
GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.LAloftBlog.com

L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031

New Lofts for Sale In Downtown Los Angeles – How To Protect Yourself

Click on Photo for Video of New Lofts
Click on Photo for Video of New Lofts

New lofts recently went up for sale.  Thousands showed up to see the new lofts.  The first release of 15 lofts sold out in less than two weeks.  The highly anticipated completion of these new lofts were shown to real estate brokers and their clients.  These lofts are located in one of the hottest up-and-coming urban neighborhoods in the country.  Out of the 5,000 units under construction, the new loft units for sale only represent about 1% of the total! Given the low supply and the pent-up demand for new condos/lofts, you can only imagine the buyers’ interest this is bringing.

The developer’s marketing hype was extraordinarily effective. ¬†Many of the buyers overpaid, and were not informed about all issues, pro and con, related to the building an developer. ¬†They joined previous buyer who paid too much 5 years ago, many of whom are still upside down and unable to unload their overpriced lofts.

IMG_3651Often times, important information is often not provided to buyers of new lofts. ¬†This is particularly true if the buyer does not use a buyer’s agent, or if the buyer uses an out of area agent. ¬†Most buyers should use a Downtown specialist realtor at no cost to the buyer to represent the buyer in their purchase of new lofts.

llEclQr6s6Xpfopw5bsas-ft1xRdK4ODbmXVxTR-Ui8Also, there can be previous issues with the developer with previous buildings, related legal issues, potential health hazards of neighborhood, lowest offer likely to succeed, lowest final sale amount likely to succeed, recent unposted comps and sold prices. ¬†Our team offers disclosure of strategies and tactics used by the developer, pricing strategies of seller, tactics and strategies to counter the seller’s strategies and to obtain the lowest price and best terms for the buyer.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

The number one tip is you must bring a downtown loft specialist to your very first viewing. Sellers often require it and you need an agent representing your interests.

Our free home buyer consultation is your first step to a successful home purchase.  Because we specialize in Lofts, we can tell you what to expect, both the good and the bad.  While being enthusiastic and energized is a good thing, and buyers may not want to hear bad news for fear of loosing enthusiasm, we believe that understanding fully what is going to happen in a purchase will fight against buyers remorse and help a person be fully satisfied with a purchase of new home.

Call Corey Chambers to make an appointment to see the new lofts (213) 478-0499

DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS

20130921_114001_HDR

For further information on the changes to Downtown Los Angeles see previous articles by LAloftblog:
 
Corey Chambers,¬†REALTOR¬ģ
(213) 478-0499
coreychambers@yahoo.com
GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.LAloftBlog.com
L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
The #1 Downtown buyer’s agent¬†with 19¬†successful buyer transactions closed in 2013, Corey Chambers¬†is a¬†Realtor¬ģ, and member of the Top 6 award-winning, 5-Star¬†Yelp rated¬†team.¬† J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms.¬† DRE#01889449

New-Construction, For-Sale Housing Opportunity to the Downtown Los Angeles with Adaptive Reuse Lofts Priced from $400K

Click on Photo for Video of New Lofts
Click on Photo for Video of New Lofts

The only new-construction, for-sale housing opportunity in Downtown Los Angeles came on the market Jan. 11.

68 adaptive reuse lofts that will add an additional 72,599 square-feet to the existing 242 live/work lofts in the neighboring building that was completed in 2007.

Affordably priced from $400,000, the one- and two-story lofts are housed in a reinvented and restored early 20th-century Furniture factory and warehouse.  Preserving the building’s original details including exposed brick, heavy timber beams and columns, wood and concrete floors. One-story lofts range in size from 679 to 2,000+ square-feet while two-story lofts range from 1,134 to 1,300+ square-feet. Construction is nearly finished and set to go on the real estate market.

GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.laloftblog.com/new-lofts

Sales began during the grand opening weekend on Saturday, Jan. 11 and Sunday, Jan. 12 where there was seasonal hors d’oeuvres, craft beer and wine, music, valet parking, tours of the property and lenders on-site. These lofts are in the process of procuring its final FNMA approval and loans with as little as five percent down will be available for qualified buyers.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

Existing amenities include a resort-style rooftop deck with pool, spa, private cabanas, sunning lounge, sitting and gathering areas, outdoor fireplace and privacy landscaping that overlooks the city skyline, a fitness center with state-of-the-art equipment, onsite, controlled parking, a formal reception lobby with secured access and 24/7 security.

Jan 16‚ÄúWhat we have been able to achieve by preserving the historic elements and fine craftsmanship of this landmark building‚ÄĒand integrating those virtues with modern comforts and conveniences‚ÄĒoffers outstanding and lasting value for prospective homeowners,‚ÄĚ said the developers. ‚ÄúWe are committed to creating sustainable, well-designed, and thoughtful places to live and work, and this is a project of which we are exceptionally proud. In this second and final phase of this loft project, buyers will experience the inimitable and authentic spirit and character of the building‚Äôs vintage past, as well as innovative amenities that exceed any other residential offering in downtown Los Angeles.‚ÄĚ

164137_kitchenSelect residences will include oversized windows, private patios and balconies, two-story open floor plans, spacious closets and ceiling heights up to 18 feet. All lofts have interior details such as quartz kitchen countertops with custom wood cabinetry and Jenn-Air stainless steel appliance packages with gas ranges. Spacious bathrooms include oversized soaking tubs with ceramic tile walls, flooring and vanity lighting.

The lofts also incorporate new technology features like the convenience of Nest programmable thermostats and charging stations with USB ports. In reclaiming, renovating and repurposing this historic building, The developers are preserving elements of character while delivering the environmentally-friendly benefits of removing fewer raw materials from the Earth. These energy-efficient homes will utilize insulated dual pane windows and Energy Star appliances.

Several new amenities for owners are being added in the final phase including a gallery, a dynamic arts and events space curated by the community that features a versatile social space with handcrafted hanging chairs. Other new additions include a welcoming garden-themed outdoor lounge complete with green canopy, water fountain, fireplace, grills and intimate seating areas for dining and conversation. The open-air courtyard with foliage incorporates unique touches such as hammocks and love seats suspended from rafters and decorative lighting to add charm and style.

For More information on the location and to view this brand new loft building contact our team or complete the form below.

Corey Chambers, REALTOR¬ģ (213) 478-0499 Mobile

Business Hours: 9 AM to 8 PM every day coreychambers@yahoo.com

The #1 Downtown buyer’s agent, Corey Chambers is a Top 6 Realtor¬ģ with a Double Platinum award-winning, 5-star Yelp rated team.¬† J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449

Industrial and Commercial Loft Spaces

 Click on Photo to see Video of New Lofts
Click on Photo to see Video of New Lofts

Warehouse and factory conversion, and former office building and other industrial purpose buildings come with amenities that are highly sought after and make a unique and wonderful living space.   Modern repurposed loft spaces is what downtown is all about. Genuine lofts have big open spaces.   When genuine lofts are renovated from industrial buildings they they rough structures with huge areas and floods of lighting and upgrade and include living and commercial lofts with modern amenities.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

2014-01-09 16.11.51 When buyers consider modern or old lofts, they often think of old as being built in the 1990’s, or think modern was built in the last few years. ¬†Genuine lofts have rough walls and ¬†beams, new hardwood or polished concrete flooring, and possess some of the most modern kitchen and bathroom amenities. Many of these genuine lofts have multi-purposes. ¬† Retailers that have used the genuine loft conversions to operate their businesses in, have created multi-million private businesses that help market them in a unique space. 7043_large_vg1thmbGenuine lofts are cool! Cooler than a iPhone 6 gold, but not as cool as a virgin galactic flight purchased with Bitcoin!1883802a The¬†#1 buyer’s agent team in Downtown Los Angeles¬†often gets exclusive access to new construction loft buildings well before other agents and their clients are able to get in.¬† New¬†lofts are coming to Downtown Los Angeles.¬† Take advantage of this rare opportunity by registering for the¬†New Loft Mailing List¬†below:
Corey Chambers, REALTOR¬ģ (213) 478-0499 Mobile Business Hours: 9 AM to 8 PM every day¬†coreychambers@yahoo.com
The #1 Downtown buyer’s agent, Corey Chambers is a Top 6 Realtor¬ģ with a Double Platinum award-winning, 5-star Yelp rated team.¬† J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449

GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN! http://www.LAloftBlog.com

DOWNTOWN REAL ESTATE EXPLODES IN 2014! LOS ANGELES LOFTS, CONDOS, APARTMENTS AND COMMERCIAL BUILDINGS

Click on Photo for Video of New Lofts
Click on Photo for Video of New Lofts

Downtown Los Angeles is moving towards a historic renovation!

Over the next 12 months, Downtown Los Angeles will be the center  for building openings, groundbreakings to buildings construction and development milestones. In every district, from South Park to the Historic Core to the Arts District and others, area stakeholders will be celebrating the added value to their downtown properties.

Just 10 years ago lofts were islands of sophisticated living surrounded by urban decay, this year it is about to change forever.

New condominiums and New Lofts have been a rare thing in recent years in Downtown, as developers have tended to open their buildings as rentals.  However, plans to begin selling New Loft units begin at end of January.  Many in Downtown are watching the new projects closely, and if the prices go high enough, other under-construction rental buildings could flip to for-sale status.

Below is a list of the most important projects of 2014 that will change Downtown Los Angeles into a great city that it once was, permanently restoring the Downtown to a center that will rival New York, San Francisco, Chicago and other great cities of North America.

The-Broad-Exterior-RenderingThe Broad: Philanthropist Eli Broad’s $140 million art museum may be the most anticipated and important Downtown cultural project since the opening of Walt Disney Concert Hall in 2003.  Rising directly across from Disney Hall, opens in late 2014, though no specific date has been revealed. The striking structure, which will have free admission and 50,000 square feet of exhibition space, and is expected to create a new tourist boom, drawing thousands of local, national and international visitors to Grand Avenue.

Ace HotelAce Hotel: Everyone in Downtown is looking forward to Jan. 6, as that is the day that the uber-hip Ace Hotel will open and expected to instantly be a new anchor for the southern end of Broadway.   The Ace Hotel will join with the recently opened retail arrivals Urban Outfitters and Acne Studios, and provide customers for area restaurants Les Noces du Figaro and Umami Burger.  This project will give new life to the 1927 theater; it will include a 1,600-capacity performance space that will be christened on Valentine’s Day with a show by the English band Spiritualized.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

One Santa FeOne Santa Fe: The Arts District will forever be changed, and will be much more crowded, on the late summer or fall day that the $160 million One Sante Fe opens.  One Santa Fe is a 438-unit project with nearly 80,000 square feet of retail and commercial space to market. The development, just east of SCI-Arc, will also have a 47,0000-square-foot plaza and more than 800 underground parking stalls.  This retail area is set to draw people and create a lively shopping center that will bring national attention.

Wishire Grand ReplacementWilshire Grand Replacement: The replacement for the hotel on the northwest corner of Seventh and Figueroa streets won’t open for years, but on Feb. 15-16 it will be the site of what its developers claim will be the biggest cement pour in history.  For more than 20 hours, 2,100 trucks will pour 21,600 cubic yards of cement into the pit, completing an 18-foot thick foundation. The development team for the $1.1 billion project spent 13 months razing the old edifice and excavating the site in preparation for the tallest building west of the Mississippi. The 900-room, 73-story hotel/office tower being developed by Korean Air, a subsidiary of Hanjin International, is scheduled to be complete in 2016. Local firm AC Martin is Korean Air’s partner on the project.

Grand Avenue Plan:  Grand Avenue project is developed by Related Cos. and designed by architect Frank Gehry, containing two towers and a plaza across the street from the Walt Disney Concert Hall. Early plans call for an approximately 300-room hotel (Related is in talks with boutique chain SLS) and a 380-450 unit residential tower. Meanwhile, Related’s 19-story apartment tower south of The Broad art museum topped out in December; the building will offer 271 apartments and is slated for a late 2014 opening.

Los Angeles State Historic Park: The Downtown Los Angeles State Historic Park will close in mid-February for renovations that will last a full year. The shutdown is necessary because the approximately $20 million plan calls for simultaneous excavation and construction across the property in order to save time and resources. When completed, the 32-acre facility will have restrooms, an amphitheater, parking lots and seasonal wetlands.

1111 Sunset1111 Sunset:  Developer Linear City is wrapping up its conversion of the former Metropolitan Water District headquarters at 1111 Sunset Blvd. and should be ready for move-ins by February. Linear City paid $6.8 million for the seven-story edifice originally built in 1973 and designed by William Pereira. The project will offer 92 apartments ranging from 800-1,000 square feet. Each unit will have a balcony.

Marriott TowerMarriott Tower: The $172 million Marriott Tower in South Park is scheduled to open in July.  It will instantly strengthen Downtown’s tourism scene, with a 174-room Courtyard by Marriott and a 218-room Residence Inn in a 23-story building just north of the Ritz-Carlton/J.W. Marriott.

The Bloc
The Bloc

The Bloc:  In the first quarter of the year, the developer Wayne Ratkovich embarks on a $160 million renovation of Macy’s Plaza. The transformation of the tired shopping center/office/hotel complex fronting Seventh Street in the Financial District is slated for completion in late 2015.  The project will transform the brick fortress into a plaza with 400,000 square feet of retail and commercial space. Plans also call for 750,000 square feet of office space and a $40 million renovation of the Sheraton Hotel.

Jia Apartments: Chinatown is getting a massive mixed-use addition in the form of Jia Apartments. The $92 million, six-story project from developer Equity Residential is set to begin move-ins on Jan. 27, according to Jia’s leasing office. The complex at will offer 280 studio, one-bedroom and two-bedroom residences, along with 18,000 square feet of retail. The design by Thomas P. Cox Architects will offer 17-foot-wide sidewalks and a pedestrian plaza. It also will create a major new southern entrance to Chinatown and provide hundreds of customers for area restaurants and businesses.

Eighth and Grand and Whole Foods:  Work has already began on this massive 700-apartment complex.  Construction will rise above street level this year as the developer moves toward its anticipated opening date in 2015.   This project will include a Whole Foods that will be a 42,000-square-foot supermarket. Other high end retail and commercial tenants in the project is expected be announced this year.

950 Third Street:  Development is set on track to break ground this spring on 472 units in three buildings next to the Southern California Institute of Architecture.  Dilip Bhavnani, a managing member of Legendary, said the development on the six-acre site at 950 E. Third St. in the Arts District already has city entitlements and would be comprised of five- to six-story structures. Once it starts, construction would take about three years, with a first phase of 248 units.

Blossom Plaza: Chinatown developer Forest City Residential West moves forward on the $95 million Blossom Plaza.  The complex will feature 240 apartments (both market rate and affordable), 20,000 square feet of retail and an expansive plaza that will connect pedestrians from Broadway to the Metro Gold Line.  Blossom Plaza is slated to open in 2015.

G12G12: The South Park boom continues as ground breaks early this year on a $245 million mixed-use project.  The project, a three-acre site at 12th Street and Grand Avenue , dubbed G12, should take two years to build; it will have 640 residential units along with 40,000 square feet of retail space, a screening room and two pools. Plans also call for 740 bike parking spaces, yet only 595 slots for cars.

Mack Urban Project: ¬†In South Park this year, developer Mack Urban moves forward on a mega-plan to build a network of 1,500 residential units in buildings connected by green space and pedestrian plazas. Construction on the initial phase of the approximately $1 billion project could begin late in the year if the city approval process goes smoothly. In October Mack Urban ‚ÄĒ a new partnership that includes longtime Downtown developer Urban Partners ‚ÄĒ announced that it had purchased up six acres of prime land for more than $80 million.

Medallion 2.0: ¬†In the Historic Core the project is Farkhondehpour‚Äôs attempt to activate some underutilized retail space that never got filled when the mixed-use complex at Fourth and Main streets debuted in 2010. Now Farkhondehpour is moving toward community-serving uses ‚ÄĒ among them Big Mista‚Äôs Barbecue ‚ÄĒ instead of Toy District tenants. ¬† This year, Farkhondehpour is expected to refine his plans for a new round of building on the site ‚ÄĒ possibly creating another 400 residential units and a parking structure. Farkhondehpour is expected to break ground by 2015.

Avant:  One of the biggest projects in South Park scheduled to open this year is the Avant Apartments. The first phase of the complex at 1360 S. Figueroa St. is slated for a February debut and will offer 247 units. The adjacent 193-unit second phase (at 1420 S. Figueroa St.) began construction in late April and could wrap up by the fourth quarter of 2014. The buildings offer residential units above 11,000 square feet of combined retail space. They will also establish a new residences across from the Convention Center.

Eighth and Hope Apartments:  A 22-story tower is rising at Eighth and Hope streets in South Park.  A 290-unit edifice, which is slated for completion by the end of the year. The apartment complex will feature a pool deck, a six-floor garage and 5,000 square feet of ground-floor retail space.

Lotus Garden:   The $24 million development from Affirmed Housing, which is slated for a first-quarter opening, has 60 units with studio, one-bedroom, two-bedroom and three-bedroom layouts. It will serve tenants making 30%-60% of the Los Angeles County median income. One of the coolest things about the project is its automated parking structure. Known as the Carmatrix, the 17-stall machine lifts cars vertically and moves them horizontally, creating a space-saving, stacking effect.

Blue Line Getting a Massive Speed and Safety Overhaul: Metro announced on January 8th that they’ll spend $1.2 Billion on updates to the 23 year old blue line over the next 6 years. ¬†The new work should help cut down on delays for the 90,000 commuters who ride the LA to Long Beach train everyday. It includes new power stations, power lines, tracks and refurbished train cars. ¬†The 22 stations will get renovated with new canopies and fresh paint. ¬†Also, part of the funding will include new cameras, cops, and¬†safety signs.

$500 Million to help curb homelessness and poverty:  While not a not of swank or tangible improvement, this is a matter that lies close to my heart.  Since the early 20th century Downtown Los Angeles has a large homeless population.  As any resident of downtown will tell you it comes with the territory.  While nobody would want this problem to be dealt with in a heartless way, it is a matter that needs to be dealt with.  As development has boomed in Downtown Los Angeles Homelessness has been pushed into smaller and smaller areas.   The reason the homeless population stays in the Skid Row area, quite possibly could be that there are no alternative.  Earlier this week The Whitehouse announced to pledge $500 Million to pull the homeless population out of downtown Los Angeles.  This will create services and housing in the areas of Pico-Union, Westlake, Koreatown, East Hollywood, and Hollywood.  This is GREAT news.   The homeless population will be drawn out of the Downtown area with dignity and respect, and efforts to end Downtown Los Angeles as a center of homelessness will end for the first time in almost 100 year.

The¬†#1 buyer’s agent team in Downtown Los Angeles¬†often gets exclusive access to new construction loft buildings well before other agents and their clients are able to get in.¬† New¬†lofts are coming to Downtown Los Angeles.¬† Take advantage of this rare opportunity by registering for the¬†New Loft Mailing List¬†below:

Corey Chambers, REALTOR¬ģ (213) 478-0499 Mobile

Business Hours: 9 AM to 8 PM every day coreychambers@yahoo.com

The #1 Downtown buyer’s agent, Corey Chambers is a Top 6 Realtor¬ģ with a Double Platinum award-winning, 5-star Yelp rated team.¬† J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449

 

GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
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HOME BUYING TIPS FOR LOFTS

Click on Photo to see Video of New Lofts
Click on Photo to see Video of New Lofts

New Lofts Buying Tips:

This weekend several buyers are viewing New Loft Properties.  As the new year begins to unfold, more and more buyers are making appointments and getting a head start on touring the downtown lofts that are available.  We love to show the new lofts and see the excitement in buyers eyes.

When we represent new buyers, we have several helpful recommendations so they can be prepared for successful bids and and avoid stress.  Usually buyers get the following information in a email as they start to tour lofts, today we wanted to share this knowledge.

IMPORTANT HOME BUYING TIPS:

20130921_114001_HDRThe number one tip is you must bring a downtown loft specialist to your very first viewing.     Sellers often require it and you need an agent representing your interests.

Our free home buyer consultation is your first step to a successful home purchase.  Because we specialize in Lofts, we can tell you what to expect, both the good and the bad.  While being enthusiastic and energized is a good thing, and buyers may not want to hear bad news for fear of loosing enthusiasm, we believe that understanding fully what is going to happen in a purchase will fight against buyers remorse and help a person be fully satisfied with a purchase of new home.

Place your highest and best offer on the very first day of a listing.  Prices and terms are negotiable.  You may ask the seller to pay some of your expenses such as closing costs.  If you ask for too much, you may lose to another offer.  Waiting to see how other buyers act in the market is a mistake it often leads to missing the opportunity to purchase the loft that you want the most.

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

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Most purchases entail delays and unexpected miscellaneous expenses.  Some transactionsfail after incurring expenses for the prospective buyer.  Some borrowers are unable to obtain financing.   By experience of working with lenders, it pays to work with lenders that are experienced in lending that is specifically designed for lofts.  While we have a preferred lender and would highly recommend them, if you have a lender there are several questions you should be asking them.  When you meet with us for a free consultation we can help you prepare questions for you lender.

  • Delays are common. ¬†Be sure to allow plenty of extra time for moving, and extra money for unanticipated costs.
  • Ensure that the seller has installed a carbon monoxide detector before the inspections.
  • HOA move in fee, move out fee and HOA move in security deposit are often required; ask HOA for details. ¬†A move in appointment and information form is required by most HOAs.¬†
  • Electricity may be turned off before or right after your purchase. ¬†Contact the HOA well in advance to make move in arrangements.
  • Call DWP to turn on your electricity¬†ladwp.com¬†800-dial-dwp¬†
  • SoCal gas 1-800-427-2200

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The¬†#1 buyer’s agent team in Downtown Los Angeles¬†often gets exclusive access to new construction loft buildings well before other agents and their clients are able to get in.¬† New¬†lofts are coming to Downtown Los Angeles.¬† Take advantage of this rare opportunity by registering for the¬†New Loft Mailing List¬†below:

Corey Chambers, REALTOR¬ģ (213) 478-0499 Mobile

Business Hours: 9 AM to 8 PM every day coreychambers@yahoo.com

The #1 Downtown buyer’s agent, Corey Chambers is a Top 6 Realtor¬ģ with a Double Platinum award-winning, 5-star Yelp rated team.¬† J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449

 

GET PRIORITY ACCESS TO SECRET, UNLISTED LOFTS IN DOWNTOWN!
http://www.LAloftBlog.com

 

 

Twice As Many Amazing Lofts – Pocket Listings Unlisted Secret Inventory of Downtown Los Angeles Real Estate Properties

Double your chances of finding the right place when you gain access to ten times as many pocket listings:

LOFTS DOWNTOWN LOS ANGELES

Find a loft in Downtown Los Angeles. Choose from twice as many amazing lofts in L.A. Prospective residents in Downtown are seeking more creative spaces in the best walking areas near food, shopping and entertainment. High ceilings, lots of windows and light, and open space in genuine industrial and commercial loft conversions, as wells as traditional condos and even houses outside of Downtown.  MORE about Pocket Listings

GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.

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Up to 45% of the best deals in Downtown Los Angeles are unlisted, not known to most real estate agents and not on the internet.

Get access to the largest number of pocket listings, unlisted lofts and off-market condos in Downtown Los Angeles.  Fill out the online form:

DOWNTOWN LOFT & CONDO LISTINGS:  FOR SALE  |  RENTALS

It costs you nothing to take advantage of the largest number of pocket listings in Downtown Los Angeles

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Copyright ¬© 2015 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 necessarily associated with the home owner’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.