How to Sell a Difficult Downtown Condominium or Loft for Top Dollar

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Some buildings are more difficult than others to sell fast, sell for the most money and sell with the least hassle. Two of the fastest and easiest buildings to sell in are Barker Block and 1100 Wilshire.  Two examples of the slowest and most difficult to sell are the SB Grand Lofts and Bunker Hill Tower Condominiums.

Each Downtown building has its own unique challenges and its own beneficial features.  The attributes that make SB a more challenging sale are quite different from those features that make Bunker Hill Tower difficult to sell. For one example, SB Grand has an issue with a very high renter ratio and homeless loitering outside.  Bunker Hill Tower, on the other hand, has almost no homeless nearby. It suffers from sort of the opposite problem of being too safe and too stodgy.  The good news is that both are changing and improving, but, condo units in these buildings take longer — an average of more than 60 days to sell.

What can a seller do today to mitigate these difficult to sell circumstances and sell the units faster and for more money?

In addition to specialized knowledge about the building and neighborhood, a quick sale of a Downtown loft or condo requires focusing on the most important aspects of the home sale.

Here are the top 4 Big Things to Focus on for Successful Downtown Home Sale:

#1 Get More Money – Chambers Team gets you 2.2% more of the asking price
#2 Sell Your Home Faster – Chambers Team sells homes 44% faster
#3 More Likely to Sell – Chambers Team homes are 16% more likely to sell
#4 More buyers in a Data Base looking for a home

Your Home Sold GUARANTEED or I’ll Buy It*

No Gimmicks! For information on my exclusive Guaranteed Sale Program, order a Free Report by visiting www.GuaranteedSaleSoCal.com

To find out how much you can sell your home for and how long it will take, call Corey at (213) 880-9910

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

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HOA includes electricity, air conditioning, heating, water, gas, cable, internet, insurance
Bunker Hill Tower – How to sell for more money, faster and with less hassle

*seller and Corey must agree on price and time of possession. Realty Source Inc BRE#01889449

New Live/Work Ordinance Adopted by L.A. City Council

Construction of Lofts Los Angeles
Historic and Industrial Live/Work Lofts

On February 10, 2016, the Los Angeles City Council adopted the “HI” Hybrid Industrial Live/Work Zone Ordinance. The new rule creates a new zone classification in the City of Los Angeles called the Hybrid Industrial (HI) Zone, along with accompanying land use and development standards. The new law comes online March 30, 2016. The main purpose of this new zone classification is to allow the development of residential live-work units, hotels and other specified commercial uses on property within an existing industrial zone and designated as Hybrid Industrial in the General Plan.

The newly approved HI Zone is the first industrial zone of its kind in Los Angeles. In addition to adding an assortment of residential and commercial uses on industrial land, projects sited on land zoned as HI must provide public benefits and other development requirements, such as below-ground parking. The new rules provide development incentives in exchange for affordable housing, additional non-residential floor area, public art and public open space.

The new ordinance is not likely to create a huge impact because it requires builders to construct very expensive underground parking below historic buildings, partially defeating the purpose of re-purposing.

Get live-work lofts listings free in your email. Fill out my 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

Historic and Industrial Lofts
Historic and Industrial Live-Work Lofts