More 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.
