4 Steps to Follow When Presenting an Offer on a DTLA Loft!

800 W 1st Street
800 W 1st Street

4 Steps to Follow When Presenting an Offer in Today’s Market! |

So, you’ve been searching for that perfect Loft to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this Loft yours comes true!

Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration:

1. Determine Your Price
“You’ve found the perfect Loft and you’re ready to buy. Now what? Your real estate agent will be by your side, helping you determine an offer price that is fair.”

Based on your agent’s experience and key considerations (like similar lofts recently sold in downtown Los Angeles or the condition of the Loft and what you can afford), your agent will help you to determine the offer that you are going to present.

Getting pre-approved will not only show home-sellers that you are serious about buying, but it will also allow you to make your offer with confidence because you’ll know that you have already been approved for a mortgage in that amount.  #Lofts #dtla

2. Submit an Offer
“Once you’ve determined your price, your agent will draw up an offer, or purchase agreement, to submit to the seller’s real estate agent. This offer will include the purchase price and terms and conditions of the purchase.”

Talk with your agent to find out if there are any ways in which you can make your offer stand out in this competitive market! A licensed real estate agent who is active in the neighborhoods you are considering will be instrumental in helping you put in a solid offer.

3. Negotiate the Offer
“Oftentimes, the seller will counter the offer, typically asking for a higher purchase price or to adjust the closing date. In these cases, the seller’s agent will submit a counteroffer to your agent, detailing their desired changes, at this time, you can either accept the offer or decide if you want to counter.

Each time changes are made through a counteroffer, you or the seller have the option to accept, reject or counter it again. The contract is considered final when both parties sign the written offer.”

If your offer is approved, Freddie Mac urges you to “always get an independent home inspection, so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues, you can discuss any repairs that may need to be made with the seller or even cancel the contract altogether.

4. Act Fast
The inventory of Lofts  listed for sale has remained well below the 6-month supply that is needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes for sale, causing buyers to compete with each other for their dream homes.

Make sure that as soon as you decide that you want to make an offer, you work with your agent to present it as quickly as possible.

Bottom Line
Whether buying your first home or your fifth, having a local real estate professional who is an expert in his or her market on your side is your best bet in making sure the process goes smoothly. Let’s talk about how we can make your dreams of home-ownership a reality!

Check out this Affordable Downtown Los Angeles Loft at 800 1st Street.  The Perfect Location to Take Advantage All Downtown Offers.

High floor studio, 1 bath unit, part of the prestigious Bunker Hill Tower. Excellent building amenities, guest parking, security system, heated pool, spa, sauna and more. Centrally located by the courthouse, concert hall and financial district. It has a fantastic down town city & Hollywood sign view. Its first class amenities include 24 hour concierge, tennis court, hair saloon, market, dry cleaner, storage, etc.

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800 W 1st Street Downtown Los Angeles

Loft Living Room Views
Loft Living Room Views

 

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.

 

 

Downtown Los Angeles Priority Rental Upgrade – First in Line for the Most Amazing Lofts

Downtown Los Angeles Lofts For Lease
Downtown Los Angeles Lofts For Lease

As the average rental in Downtown Los Angeles lofts and condos passes the $3,150 mark ($2,800 median rent), renters who are looking for an awesome loft and a good deal often see places that they like online, and then cannot get in to see the place, cannot reach anyone or lose the coolest rental to another renter. Renters looking under $3,000 are often ignored. But, no more! Instead of being forgotten, these renters can instead get treated like million dollar home buyers. Fortunately, there’s a new Upgrade Service that allows renters to get better, faster access to ALL of the lofts, condos and apartments that match their criteria from ALL of the landlords, managers and real estate companies.  #dtla

As The Authority of Downtown Los Angeles Residential Real Estate, the L.A. Loft Blog has the most comprehensive access to more amazing rentals than any other source.  This includes rentals that require a real estate agent to get in, unlisted lofts, and even rentals that are not on the internet. Renters who use this service find more rentals that they like to choose from, can usually apply for free, and save more than $600.00 on average. Best of all, it is the fastest, most complete and least risky way to find and rent a place around Downtown L.A.   #rentals  #lofts

Called and got immediate response and action. With 2 weeks we found what I was looking for. They help negotiate my lease terms and success. Very professional and helpful.
“Called and got immediate response and action. With 2 weeks we found what I was looking for. They help negotiate my lease terms and success. Very professional and helpful.  —  Michael R.”

Now every renter can take advantage of this.  Don’t miss out on the perfect place. Try the L.A. Loft Blog’s Priority Rental Service Upgrade for just $30.00 with a 100% Money-Back Satisfaction Guarantee. Get early notification every day with condos for lease and apartments that match the desired criteria, priority viewing, assistance, negotiator and follow-up.  Fill out the online form:

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Lofts For Sale     Lofts For Rent Lease Downtown Los Angeles DTLA    

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Happy renter finds a wonderful place in DTLA
Happy renter finds a wonderful place in DTLA

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.