Downtown Los Angeles Lofts and Condos – Best Deal Types and Top Investments

Top Investments and Best Deal Types in Downtown L.A. Condominiums   #dtla #bestdeals #investments

The best deals go quickly. That’s why smart home buyers are looking for better ways find special deals that offer more amazing lofts, condos and houses at lower prices and with higher return on investment. Buyers often look at only agent listings and the internet. Buyers miss out on the hard-to-find deals, and therefore risk missing out on just the right home. Here are some of the best solutions:

New Homes in Orange County
New Homes in Orange County, Los Angeles, The Valley and Beach Cities

Best Deals – Types of Distressed Properties and Other Bargains

New Construction Homes – New build homes often provide a superior deal because they are newer, with the latest technology and highest construction quality at very competitive prices.

Mills Act Tax Benefits on Historic Lofts
Mills Act Tax Benefits on Historic Lofts

Mills Act Homes – The state of California, along with counties and cities, provides a big discount on property taxes to owners of qualified historic lofts and buildings to help maintain the character of the structures.

Distress Sale – When a seller needs to sell quickly for any reason, or when the seller is having difficulty selling due to physical or legal condition of the property, it opens up the possibility of better negotiating power for the buyer, along with a lower price.

Bank Owned – When a home owner cannot pay the mortgage on time, the bank takes over the property, then sells it for whatever the market will bear, often at a very low price.

For Sale By Owner ( FSBO ) – Some owners prefer to sell their home themselves rather than using a listing agent. This can create a great opportunity for buyers to negotiate a lower price.

Expired – When a home is listed for sale but does not sell within the expected timeframe, it creates an opportunity to offer a lower price.

Foreclosures
Foreclosures

Foreclosures – When a home was not paid for on time, the property is taken over by another party, who often sells it quickly at a lower price.

REO – Real Estate Owned is a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.

Company Owned – Refers to a bank-owned or lender-owned property that has been taken over due to a foreclosure or similar action.

Estate Sale – When a homeowner passes away, the family or other heirs inherit and sell the property to distribute to the funds fairly to the new owners.

Probate Sale – When a homeowner passes away without a proper trust, a judge must oversee the transfer and sale of the property.

In Escrow – Many prospective home buyers give up when they hear that a desirable property is already in escrow with another buyer. Rather than giving up, the buyer can and should take steps to be an official back-up buyer.

Under Contract – A residential purchase agreement has already been signed, but the agreement may be canceled. Buyers can put in a back-up offer to take advantage of canceled contracts.

On Hold – The seller has decided not to sell the property for a certain period of time. The seller is likely making preparations to sell, and smart buyers will place an offer and then follow up frequently to get a great deal.

Vacant – Nobody is living at the property, so the seller could be paying mortgage and losing a lot of money. The seller might drop the price drastically, giving the buyer an excellent deal.

Divorce Sale
Divorce Sale

Divorce Sale – One of the fastest growing deal types, divorces are commonplace in Southern California, and create an opportunity where the property must sell more quickly, often at a lower price.

Auction – The property sells to the highest bidder, often at a below-market price.  The auction process is often used for unsold new homes, foreclosures and bank-owned homes.

Pre-auction – When a home owner is late in mortgage payments, the property gets listed first as a pre-auction. Most auction listings are actually pre-auctions that will never go to auction, but offer a great chance to put in a profitable offer to the owner even if the unit is not listed for sale.

Pre-foreclosure – Before going into foreclosure, the property owner is often open to considering unsolicited offers, an excellent opportunity for savvy home buyers.

Raw Lofts – Loft developers sometimes do not complete every unit in a loft conversion condominium development. These raw lofts often sell at a lower price similar to other unfinished construction homes.

Off Market – Any property that is not listed on the MLS as Active is an off-market property.  These reduced-visibility listings and unlisted homes offer superior opportunities to get a lower price when other buyers do not see them.

Private Listings – Some home sellers do not want the general public (or tenant) to know that they are selling their home, so the seller chooses to keep the listing private and only offer to show it to buyers who are qualified.

Unlisted – Properties that are not listed on the real estate professionals MLS Multiple Listing Service.  With less competition, buyers can get a better deal and an easier negotiating process.

Pocket Listings
Pocket Listings

Pocket Listings – When a listing agent does not make the property information available to all other agents, the buyer can often get a better deal due to reduced competition.

Need To Sell Now – Homes that need to be sold immediately provide an excellent deal for buyers who are fully prepared and ready to grab a bargain.

Short Sales – When a home seller owes more than the property it’s worth, the seller can sell the property with the lender’s permission in a short sale.  Short sales take longer and require twice as much negotiations, with the seller and also with the seller’s lender.

Unclaimed Homes – Any home that has not yet closed escrow can present a super deal for the buyer when the buyer implements superior search, bargaining and negotiating strategies.

Get a free list of distress sale deals.  Fill out the online form:

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New Highrise Condos Downtown LA
New Highrise Condos Downtown LA

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.

Homes For Sale and Lease Downtown Los Angeles – Lofts, Condos and Apartments Best Deals

Prospective new Downtowners have been asking a lot of questions lately about how high the prices might get, and when they might fall.  Unfortunately, history has shown us that, while prices fall a bit quite frequently, they only fall a lot very rarely.  Prices almost never fall during the times that many expect them to.  Fortunately, there are ways to save money during any market. Here are some of them:   #distresssale #dtla

New Homes For Sale Los Angeles
New Homes For Sale Los Angeles

Foreclosures – Not many these days because the real estate market is too hot.
Raw Lofts – Save money by putting your own finishig touches on incomplete lofts.
Distress Sale – Sellers somestimes get into hot water, and the buyer benefits.
Bank Owned – When a seller or developer is hemorrhaging money, the bank takes over.
Company Owned – Similar to a bank owned, but a company takes over instead.
REO – A common type of foreclosure
Auction – When a seller really wants to sell fast, an auction gets it done fast.
New Homes – Shiny homes with no problems but sellers are motivated to sell ’em fast.
Vacant Homes – Sellers often reduce the price on vacant homes because they need to sell.
100-Year Lease Houses – Seller of new homes can give a lower price when land is cheap.
Off-Market Properties – Homes that are expired, on hold, or canceled listings
Pocket Listings
Unlisted Lofts
Train Station Homes
River Homes
Fixer-Uppers
Expired Listings
For Sale By Owner
Lawsuits and Litigation
Mills Act
Panic Sellers
Arts District Homes – Not the cheapest, but could be the best bargain compared to future.
More

Get a free list of distressed homes. Fill out the online form:

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Arts District Private Club
Arts District Continues to Impress

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 Distressed Lofts and Condos For Sale in Los Angeles #downtown #distress

The funny thing about distressed real estate is that it’s not just the property seller who is in distress; it is the buyers as well. Some are worried while others are sitting pretty.

buy-sell-downtown-loft-copy

The LA Loft Blog has been presenting valuable exclusive Downtown real estate information, market data and economic projections for more than 5 years now. And we’re just getting started.  We’ve helped nearly one million buyers, sellers, renters and investors to make countless millions of dollars in profit and equity. The LA Loft Blog was among the first to remind buyers to catch the wave and buy big in 2012. We reported that buying a Downtown loft that year was going to be almost like getting free real estate. Prices more than doubled in record time. The LA Loft Blog was right on!  So, what are the opportunities that we are telling you about today? — A normal market in a better-than-normal neighborhood. Superior growth! Above-average potential for return on investment. Cha-Ching!!

You won’t find a quick free property today. There are usually far more distressed properties for sale during a major economic recession. The good news for those looking for a really good deal today is that certain kinds of distressed properties are not that difficult to find. Properties are not usually considered distressed the day they are listed.  If the seller takes an offer 3 days on the market, there is not a whole lot of distress there. The distressed properties are the lofts that nobody wants. They’re listed for too high of a price, they’re on the market for more than 63 days. They’re too dark, no view, cluttered or not presented well, awkward floor plans, sometimes pulled from the market prematurely. Sometimes, they just need a decorative lighting, a modern decorated look, a wall removed or a frosted glass sliding bedroom door to be added. They can all present a better-than-average deal because they are overlooked by most buyers. But should we focus on the superior investment potential of the amazing historic loft architecture or the upcoming special assessment to repair the crumbling building facade?

signat-higgins-705-400kHere’s a BIG hint folks:  Sometimes there are micro recessions and market glitches that give better deals:  pre-elections, holidays, market lulls and nearby construction booms can create a mini glut and temporarily low prices.  Did you get the hint? Those are all happening in Downtown right now! Yes, as billionaire Warren Buffet says “Get greedy when others are scared, and get scared when others are greedy.” Today, there’s a bit more scared than greedy in DTLA, so the astute investors know that they should be just a little bit greedy at this point.

Today in Downtown Los Angeles, there are virtually zero foreclosures. There are several other categories of distressed properties: vacant more than 30 days, buildings with lawsuits, post-litigation and pre-litigation, neglected properties, raw lofts, properties with upcoming special assessments, canceled and withdrawn listings, unlisted, pocket listings and off-market properties, and sellers who must sell fast. The most often overlooked deal is the ignored overpriced loft that becomes underpriced after receiving a strategic offer.

Get a free list of distressed Downtown lofts and condos. Fill out the online form:

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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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.

Real Estate News – Downtown LA Market Report Update on Home Prices #dtla #lofts

Downtown Los Angeles home prices have stabilized in a normal upward trend for the last couple of years.

lofts-downtown-l-a-pan-american-llla

The average recent sold home price in DTLA is $724,049 according to MLS statistics. The Arts District stands out with an average recently sold price above $945,000. The average Downtown loft owner has now gained about $300,000 of equity in the last 4 years. Owning a Downtown L.A. home has been recently more profitable than the average full time job in the U.S.

gold_findout_dtla

los-angeles-median-home-price-chart

As current and future home buyers struggle to find a good deal, most real estate shoppers are still missing up to 45% of the best deals, which are: unlisted lofts, pocket listings, raw lofts, Mills Actforeclosures, distressed properties, vacant condos and bank owned homes.  Prospective Downtowners can get access to these hard-to-find deals at no cost and no obligation to buy. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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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, 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.

#DowntownLA #Lofts Bargains – Off-Market, Unlisted, Unadvertised and Pocket Listings

The L.A. Loft Blog has just learned that some off-market properties such as Market Lofts, Beacon Lofts, Santee Village, Bunker Hill Tower, Alta Lofts and Evo are expected to come available soon. Some of the units are already showing to buyers – call (213) 880-9910 to see them beginning Tuesday, July 5. #downtownla #lofts

market-lofts-pool

Some of these buildings represent great deals because the sellers are concerned about various issues such as HOA litigation, developer lawsuits, water damage and other classified-ad-cp-foreclosures-151017motivating factors that can help buyers get great deals. Most of them are finished lofts and ready to move in, while some may require less touch-up than the average fixer or raw loft.

Get free information on Downtown Pocket Listings.  Fill out my 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, 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.

Reelz Living Large Downtown LA TV Show Luxury & Foreclosures #dtla #lofts #losangeles

Just caught a great cable TV show called Reelz that really explains what is happening with the renaissance of Downtown Los Angeles, including lofts and luxury real estate.

Luxury high-rises are cool, but we’re getting more requests than ever before from LA Loft Blog readers who are looking for historic loft bargains. So, this post also shares information on some of the best deals — how to find great distressed property deals in Downtown.

downtown-5th-broadway

downtown-la-reelzIn a city famous for setting trends, what is old in Los Angeles is actually new again. Downtown Los Angeles is the newest destination for Hollywood A-Listers. From cutting edge architecture, to hip apartments, great shopping and cool restaurants, downtown LA is the new thing.  Check it out at http://www.reelz.com/show/208/ok-tv-specials/

classified-ad-cp-foreclosures-151017

Everyone wants a deal, and the Distress Property List is one of the most desirable tools for finding affordable lofts in DTLA.  Many need work and cosmetic attention.  Get a free, no obligation list of all Downtown foreclosures. The list includes pics, locations and property details. Get acccess to the list at www.DowntownDistress.com or use the form below.  Fill out the online form:

Find homes in Downtown Los Angeles:

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Your Home Sold GUARANTEED or I’ll Buy It*

Corey Chambers, REALTOR®
(213) 880-9910
www.HomeSoldForSure.com

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.
*seller and Corey must agree on price and time of possession – details at HomeSoldForSure.com. Realty Source Inc BRE#01889449

Get a Free List of L.A. Foreclosures and Downtown Distress Sales

Los Angeles Distress Sales / Bank Foreclosures Hotlist

Downtown Distress

Get your free copy!

Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a loft. It’s not easy for the average loft buyer to find these deals, because you have to keep searching to see when one comes up.

If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.

Here’s how it works. You will receive a FREE report listing the current Foreclosure properties (including photos) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.

You can request this free “Distress Sales and Bank Foreclosures Hotlist” at www.DowntownDistress.com or fill out the online form:

 

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

ASCENDING ORDER (low to high)    |    DESCENDING ORDER (high to low)

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.

How to Create Opportunities in Today’s Downtown Real Estate Market – Loft Technology

Get Priority Access to Proprietary Information and Technology for Finding Distressed Loft and Condo Units For Sale:
downtown-los-angeles-loft-investment-technology

Have you ever driven down the street in Downtown L.A. and seen buildings that look interesting? Maybe a condo unit in a beautiful historic loft building, or maybe a smaller building or raw loft building or fixer upper that would make a great investment. See the big picture of Downtown Los Angeles, street by street.


Take a look at this heat map that shows how different Downtown LA is from other neighborhoods. Upon closer inspection, you can see that Downtown has far fewer residences, yet greater demand. Now that Downtown Los Angeles is again a world-class real estate market, local buyers must compete against the world’s most sophisticated investors, including Swiss Banks, and other powerful investors from China, Hong Kong, Korea and the rest of the world, all trying to beat you to the best deals.

Inventory is extremely short and it now takes leading edge technology and tactics to find the best deals. Technology is necessary to change the way we operate in Downtown’s property market with a limited number of foreclosures, pre-foreclosures, bank owned, 3rd party owned.

Now, prospective buyers can see properties on a map with the public records, know who the current owner is, the equity, the approximate value and approximately how much the owner owes on the mortgage, if they are underwater and motivated to sell, or if owned free and clear, so then a buyer with difficult finances can ask for seller financing. Then receive private data, proprietary information about the building and the units for sale, all with color coded heat maps. Prospective buyers can now get access to every property and parcel in the area.

Find out what lawsuits and litigation are going on in the building. Also find out which lender will lend on that industrial or commercial loft conversion, which most home lenders will have trouble lending on. Buyers also want to see if there is a tenant or primary resident.

With the right technology, investors can analyze potential return on investment, see previous flips and see results for previous investors, and see potential new flips.

Know at a glance if the property will be a the type of investment that you are looking for.

Daily updates with the most accurate data. Get the edge. Get priority access to proprietary information and technology FREE at http://www.LALoftVIP.com or fill out the online form:

For free assistance in finding a good investment in Downtwon Los Angeles, call:
Corey Chambers  #loft #technology
(213) 880-9910
corey@laloft.org

Realty Source Inc BRE#01889449

http://www.LAloftBlog.com

Downtown Distress Sales – Foreclosures, Short Sales, REO, Bank Owned, Company Owned in Los Angeles

Now that Downtown has been booming for four years, the good deals for buyers are still getting fewer and further between.

Arts District Pocket Listing
Arts District Pocket Listing

For example, there have been no foreclosures in the past six months.    There have been only two short sales during the same period:

>> MORE

The good news is that there are also fixers, vacant, uncooperative tenants, pocket listings and other great deals in Downtown, many of which are distressed sellers. Get a free list of downtown distress sales and other bargains.  Fill out the online form:

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.

Downtown Distressed Homes For Sale

Distress Sales and bank foreclosures often represent a great way to get a fantastic deal on a Downtown loft or condo. It’s not easy for the average homeowner to find these deals, because you have to keep scouring the newspaper and the internet to see when one comes up.

eckardt-santee-bldg

If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Distress Properties on the market, in the price range and area that interests you. This FREE service every day will save you a lot of research and running around.

Here’s how it works. Every day, as soon as they come out, you will receive a FREE computerized report listing the current Distress properties in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.

You can request this free service by simply filling out the information on the form below including the specific price range and area you would like the “Distress Sales Listing Report” on.

PLEASE NOTE: It is our policy to disregard any submitted requests with false or fraudulent information. (i.e. fake phone numbers etc.)

Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN L.A.  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $10,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking

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.