Downtown Los Angeles Real Estate Today — May 17, 2016 #sellhome #dtla
For most people, the sale of their home is one of the 5 most important financial transactions of their life.
When it comes time for you to choose a real estate agent, you’ll trust the handle of sale of your loft or condo, you’ll need to choose very carefully. In this special article, we’ll be sharing with you good and timely information on the home selling process so you can make the best possible decision when selling your home. We’ll also be sharing with you a truly unique home selling system that’s different and better than what’s being offered by other area real estate agents. In fact, by the end of this article, you’ll realize that you’re lucky to be selling a loft or condo here in Downtown Los Angeles, because you can hire local real estate agent, Corey Chambers, the inventor of a world-renowned real estate selling system, to find more money in less time with less hassle. Not only have Corey and his team used this system with great success locally, but over 18,000 real estate agents from across North America pay to license this same system to better serve their clients in their marketplaces.
Corey Chambers’ credentials as a real estate agent are impressive. In fact, Corey has been the number one home seller in the entire Greater Greater Los Angeles Area out of all the agents from all the companies. He’s been one of the Top 10 Entar 5-Star agents worldwide, and, as a Craig Proctor Platinum Agent, in the Top 300 out of over 100,000 Realtors for the past 3 years. Corey has helped over 4,000 families to search, buy, sell or lease a home. With many coming to him after having horrible experiences, false starts, and long delays to now enjoying the kind of smooth experience that occurs when working with a true professional. Now let’s find out more about Corey Chambers, how and why using him and his team will help make you sell your home for money in less time with a lot less hassle.
Corey Chambers: “My success has come from not doing the same old things that other real estate agents are doing. I found I had to go outside of the real estate industry to find the answers. I really wanted to find a better way, a more innovative way to serve my clients.”
Corey Chambers has been one of the top Entar 5-Star agents in the world. He began his career in 2000, helping renters with online information and videos about lofts in Downtown L.A. Real estate and Entar 5-Star are a family tradition for Corey, as he followed in his father Bill’s footsteps into real estate by becoming a Entar 5-Star agent.
Both Bill and Corey still work for the same Entar 5-Star franchise, becoming the number one agent within the Entar 5-Star organization in 2014. It was just the beginning of a stellar career in real estate. Since then, Corey Chambers has been a fixture in the top 10 list for Entar 5-Star and has gone on to receive not only the Platinum Award, but also the Capper Award and the Lifetime Achievement Award. He and his team have consistently closed hundreds of transactions over recent years. Arguably, no other Entar 5-Star agent in the past 5 years has consistently excelled to the level he has. Corey Chambers has been featured in many national and local publications, as well as on radio.
Now that you have some background on Corey Chambers, you may be thinking to yourself, “Good for Corey,” but you may also be thinking, “How does Corey’s success benefit me?” The bottom line is Corey’s success means your success because Corey and his team sell a lot more homes in the area than their competitors. Financially, they can do more and spend more money to advertise and market your home, including offer you innovative consumer programs that not only make your home selling process easier, but are designed to increase what you get in your pocket when your home is sold.
Loft Seller Testimonial: Corey Chambers helped us sell our unit in the Alta lofts. We were the first resale in the building. The amount of time it took for us to sell is just shy of 30 days and he got us $60,000 more than we were asking for. The comps in the area were not very good for us, but because we had an all cash offer, it worked out great for us. I would recommend Corey Chambers to anyone selling in the L.A. area. He is the best agent we’ve had, and a great representative. Because of our sale with Corey Chambers, we were able to put 20% down on a new purchase. We are currently in the Fullerton area, and we love it. Without Corey, we would not have such a stable financial situation with the 20% down. We are very grateful to Corey. — Olga Theodossis, Homeland Security Professional
It may surprise you to learn that 69% of home sellers do not go back with their past real estate agent to do another transaction. Some of the top reasons that people cite as to why they wouldn’t use the same agent again include poor communication, the agent promised a selling price or speed of sale that was unrealistic. Another complaint is the agent wasn’t experienced or perhaps was less experienced than he or she represented themselves to be and had later became apparent. The agent wasted a lot of his client’s time, showing the home to a lot of unqualified buyers. Many complain the agent didn’t do enough, didn’t advertise, or didn’t get the home presented to other agents and he or she basically just stuck a sign on the lawn and placed it on a multiple listing service. We asked Corey what makes working with him different? Corey Chambers responds, “It’s true many people
think that all real estate agents are the same. While it’s true that we do some of the same things, we’re certainly not all the same. We have to understand that most people don’t go through this process of selling their home many times in their lives, because it’s not something that people think too much about. There really is that misconception. This would be like saying that all doctors and all hospitals do basically the same things. For example, some hospitals have a much higher success rate with heart operations than other hospitals. then there’s world class doctors that people would travel thousands of miles to see. Then there’s other doctors who struggle to get enough patients to eke out a living in their own hometowns,” states Corey, “When you hire me, get me and my elite team of top producing agents and expert assistants for the same price as hiring a single agent that works all by themselves. My team is trained, coaches, and personally supervised daily by me. You’ve got all these working together to get your home sold so nothing is missed.
Unlike other real estate agents who work all by themselves, who are distracted by the dozens of essential activities that have to get done to get a home sold, we are organized and equipped to efficiently and successfully manage a lot of transactions, yet have each one of our clients feel as if they’re the only client,” Corey continues; “There’s really no need for you to compromise. There’s no reason at all to sacrifice having the most successful real estate selling machine working for you and, at the same time, get personalized VIP treatment. AS well as my team, I built a complete marketing and client service system that’s designed not to disappoint my customers.”
I used Corey Chambers as my Realtor to sell my condo, and it worked out great. He had written guarantees to sell the place. I wanted about $380,000 for it, and he was able to get me $415,000 — which was amazing — I was not expecting that much! It was simple. Every time I had a question, he got right back to me and answered it, and it worked out great. I’m very happy. — Joyce Yeich, Television Production Designer
If you’re thinking that your choice of agent really isn’t that important, consider this: according to the Greater Los Angeles Real Estate Board, only 58.6% of properties listed are sold within the term of the agent’s listing contract. That’s in a hot market. 42% – that’s 4 out of 10 home sellers that were disappointed. However, during this same time period, Corey Chambers and his team sold 86.7% of their listing. That’s nearly 9 out of every 10 of his clients that experienced a successful result. Corey Chambers puts his money where his mouth is. Corey will even guarantee to buy your home himself if he can’t sell it.
Corey says “It’s my guaranteed sales program that really, really sets me apart from my competitors. You see, when you list your home with me, I give you an upfront guarantee in writing that I will sell your existing home for the pre-agreed price or more during the term of the listing, or I will buy it myself. Some conditions do apply, but with this guarantee, I am the one that takes the risk, not you. With this program, you’ll never ever get stuck owning 2 homes, he continues, “Frankly, the reason I’m able to make this commitment to my sellers is because my homes sell. That should give you a peace of mind, knowing that when you list your home with me, your home will be sold.
Corey is the best realtor I have worked with by far. He is the most intelligent, intuitive, resourceful and creative realtor I have ever encountered. I will recommend him to everyone I know without any hesitation. He has been so patient with me which I really appreciate and has always listened to me. He had real conversations with me weighing the pros and cons of different options. He never once lost patience or got frustrated. — Lauren Han, Attorney
Corey Chambers and his team will also give you a communications guarantee, where you’ll receive a weekly update phone call on the progress of the sale of your home and honest promises guarantee, where they’ll tell you exactly what they can and will do, exactly how they operate in upfront, clear language, a reality-based selling price range. Corey and his team will get you top dollar. Their track record and statistics prove this. They don’t play the bait and switch game of promising you a wholly unrealistic price just to get your listing.
A realty-based time table: Corey and his team implement a complete marketing system to sell your home. You’d know in advance what will occur step-by-step and you’ll receive weekly marketing updates. Together, you and the team set a target range for the timing of the successful sale of your home. They’d give you an honest presentation of experience and track records. Finally, they’d get you a qualified buyer guarantee. They guarantee not to waste your time to show your home to unqualified buyers.
Corey Chambers: “With these guarantees, we set ourselves apart from all of our competitors by being accountable to you.”
Corey Chambers helped us to sell our home for 101% of asking price, all cash, 24% faster than the average sale in the building. Corey then helped us to find a larger home and to negotiate a fair price with repairs included. He was very responsive to calls and if he didn’t know the answer to a question that we had, he always found the answer out in a timely manner. We plan to use Corey again in future real estate transactions and highly recommend him to others especially if you are looking in the downtown area. — Tammy Johnson and Mike Barker
Corey Chambers and his team use 16 different key systems to market your home. Of the 16, many agents do 2 of them. Some agents might do 4 or 5 of them. But hardly anybody even tries to do all 16. This is really important because more marketing, more diversified marketing cast a bigger net to a bigger pool of potential buyers, which causes home sellers to sell their homes for more money and sell them faster. A team approach, complete marketing, and customer service. Corey is not the type of agent who sticks a sign out on your lawn and puts your property on the MLS – the multiple listing service – and prays that it will sell. Corey actually spends thousands of dollars advertising his listings directly to buyers to make it easy for them to get information on your home. This is accomplished with Corey Chambers’s exclusive city-wide buyers network and buyers-in-waiting program – both developed by Corey.
How does it work? Because of a large volume of listings that Corey Chambers and his team have at any one time, top producing agents in the marketplace, particularly those who are predominantly buyer’s agents and represent buyers, pay close attention to Corey Chambers and his listings. As part of Corey Chambers’s exclusive city-wide buyers network, these real estate agents know that when they sell homes listed and represented by Corey and his team, every “I” has been dotted and every “T” crossed. They know their buyer will have a smooth, fail-safe experience with Corey’s team. Corey maintains a close working relationship with these agents and investors. They welcome his e-mail and text alerts of the newest homes he has available.
Corey Chambers: “When I pull the trigger on your listing, when everything is 100% market-ready, this entire exclusive network of agents representing, at any given moment, hundreds of buyers that are searching for their next home will automatically receive information on your property. With my buyers-in-waiting program, where we spend a substantial amount of money, time, and energy in maintaining this large list of buyers waiting to hear from my team that we have found the perfect home for them. It’s almost as if we’ve been looking for a buyer for your home before we even list it for sale. This is just an example of the programs that I have in place to sell your home faster and for more money.”
Corey Chambers was the first real estate agent in the area to give his clients access to a free 24-hour talking ad service. That gives him the ability to listen to recorded real estate information 24/7 on any home that interests them without talking to a real estate sales person. Because of this, Corey and his team have discovered they are actually able to triple the number of inquiries on their client’s home. More buyers means more money.
Another of Corey Chambers’s innovative consumer programs is his unique Sunday Tour of Homes. Corey has revolutionized the traditional open property. Instead of taking clients out of their home for 3 or 4 hours, he’s pioneered what he calls the Sunday Tour of Homes.
Here’s how it works: each home is open for only 10 minutes and then there is 10 minutes travel time to the next property, and so on, throughout the afternoon.
Corey Chambers: “More than just convenience for the home seller, the real benefit of my Sunday Tour of Homes is the auction effect that’s created. Because each property is only open for a specific 10-minute period, by design, we’re driving all the buyers to your home at exactly the same time, creating competition – what I would like to refer to as the auction effect, which, in many cases, causes multiple offers. Of course, that’s the real benefit of having more buyers and more competition, it means a higher sales price for the home.
Clients: It’s allowed us to, in turn, spend a little bit more time on Sunday at the home without necessarily getting out of the property for an open property. I found, at the completion of the tour, that the property is ours again and we can get on with our day-to-day lives.”
Objectively assessing a home’s maximum but realistic sales price correctly is a real science. Corey Chambers and his team monitors sales prices day in and day out in every neighborhood in Downtown Los Angeles. They’ve established prices for hundreds of homes. That’s more than any other agent in the Greater Los Angeles area. In short, they are the proven truth in pricing experts.
Corey goes on to say, “We give our clients truthful and frank advice on pricing. Then we negotiate with buyers to get you, our home seller, the full asking price. We believe that you should list your home with the agent that has the best track record for actually obtaining the highest price, not just list with the agent who tells you the highest price. Most home sellers understand that the sale of their home is a very important financial transaction. Most home sellers have a profound preference for dealing with the best,” Corey elaborates, “There’s a very big difference between just getting your home sold and getting your home sold right. Track record is very important. I really believe it’s the measuring stick as to how effective a real estate agent’s marketing efforts are. Anybody can promise anything, but what you need to do is you need to look at an agent’s actual documented track record to see how their promises are kept. We’re happy to show you an entire year’s worth of transactions with both the original asking price and the final sales price. In fact, our track record is so impressive that over 99% of the homes that we list sell for between 95% and 110% of the home seller’s original asking price.”
Remember, Corey Chambers’s system for selling propertys is so successful that other real estate agents from across Canada and the US pay a licensing fee to use this system in their marketplace. How many real estate agents at Downtown Los Angeles can say that they have 18,000 other real estate agents pay to use the same success system? The answer is one: Corey Chambers.
Since selling a home is a major financial transaction, why wouldn’t you hire the most successful and experienced real estate agent to sell your home?
After spending time researching and studying Corey Chambers’s home selling system, I can summarize the main reasons you want to have your home sold by Corey Chambers and his team. The first reason is speed. Their team will sell your home fast. That’s not an empty promise; it’s a fact. In hot markets or slow markets, in every part of your region, their selling speed is well-known.
The second reason is top dollar. Corey and his team will sell your home for the absolute most amount of money that the market will bear.
The third reason you’d want to use them is they take care of the sale of your home. There is little or no hassle. Corey and his team will sell your home with every “I” dotted and every “T” crossed.
Finally, I really believe the most important reason to hire Corey Chambers and his team is that they’re the safe bet. Corey Chambers’s been involved with real estate here in Downtown Los Angeles since 2002. He has been the top agent for the past 4 consecutive years.
In closing, why take a chance for the less-experienced or less successful agent who cannot provide the same facts or provide the statistics and the same certainty to you? Honestly, I don’t know. I hope everyone reading this will decide that they should trust Corey and his team with one of the most important financial transactions of their life.
For those who want to move forward and discuss the sale of their home with Corey or, at the very least, get more information at no cost or obligation, contact Corey directly at 213-880-9910 or email firstname.lastname@example.org
FIND OUT WHAT THE HOME DOWN THE STREET SOLD FOR
Recently Sold Downtown Lofts Request – Receive a detailed listing of all recent home sales and all active listings in your area. Fill out the online form:
Loft Lending Problems: It is the #1 most common disaster with Downtown loft sales and purchases. #loft #loans
Most buyers and sellers have no idea how extensive the problems is, the delays and failed home sales that it causes. Unfortunately, they don’t know how to solve the problem because they don’t know who the loft specialist lenders are.
Most lofts are industrial and historic building conversions under the Los Angeles Adaptive Re-use Ordinance. Lofts are rare and unique in California real estate. Because most mortgage lenders don’t really know what a loft is, they often incorrectly tell the buyer and seller up front that it will be no problem, then later, when the property is in escrow, the lender or underwriter finally reveals the truth. They finally discover that the loft has issues and therefore the lender cannot lend on it or there will be costly delays or additional loan fees. Fortunately, this problem can be prevented when buyers and sellers know ahead of time which is the best lender for each particular building. Just like all lenders vary, all buildings vary greatly on building type, zoning, ordinance, FHA/VA status, Mills Act status, lawsuits, litigation, commercial percentage, sold ratio, renter ratio, HOA reserves and maintenance status. In almost all cases, it pays to use a loft specialist lender for a Downtown loft transaction because the lender has already approved the building, preventing needless delays and unanticipated costs.
More than 20% of Downtown homes for sale listings involve a building that is currently or recently in a lawsuit or litigation. Sometimes a litigation lender must be used.
Chase Bank has just released the above list of Chase approved Downtown buildings. While it is helpful when a large bank like Chase is making an effort to help buyers and sellers in Downtown Los Angeles, there are other smaller lenders that have been more focused and more successful because they are already more established in Downtown lofts, have approved more buildings and have compete more loans recently in some of the most challenged Downtown loft buildings.
Get a free list of the top Downtown loft lenders that can lend on nearly every building in DTLA. Fill out the online form:
Get your loft, condo or house matched with over 3,300 buyers today!
Fill out the form to Match Your Home with One of Corey’s Buyers!
Corey Chambers has over 3,300 Buyers in his database and may already have the Buyer for Your Downtown Home. This is through an exclusive program called our “Buyers in Waiting” program!
These buyers are READY To BUY NOW! The truth is that Corey’s team has started marketing for your home, before you ever contact him! They don’t sit around and wait for you to contact them, then start marketing for buyers for your home, they already have the buyers! #sell #loft
Call Corey Chambers NOW at 213-880-9910 or fill out the online form:
Your Home SOLD at a Price Acceptable to You, GUARANTEEDor Corey will Buy it!*
Corey Chambers GUARANTEES in writing, that your home will sell at a price acceptable to you or Debbie & Sarah will Buy it!* No Gimmicks.
Your Home WILL Sell For 2.2% More!
Corey Chambers sells homes for 2.2% more than competitors. On a sale price of $500,000 that is $11,000 right in your pocket!
Your Home WILL Sell 44% Faster!
On average days on the market for resale in 2013-2015, Corey Chambers on average sold in 32 Days on the market while average agent took 58 days on the market!
Corey has the Buyers!
Corey Chambers has over 3,300 Buyers in his database. Corey may already have a Buyer for Your Home Right Now!
Your Home is More Likely to Sell!
Corey Chambers team sold 100% of homes listed in the same time period, compared to 85% for the average agent.
What Our Clients Say:
Corey Chambers helped us to sell our home for 101% of asking price, all cash, 24% faster than the average sale in the building. Corey then helped us to find a larger home and to negotiate a fair price with repairs included. He was very responsive to calls and if he didn’t know the answer to a question that we had, he always found the answer out in a timely manner. We plan to use Corey again in future real estate transactions and highly recommend him to others especially if you are looking in the downtown area.
tammy johnson and mike barker
Corey is the best realtor I have worked with by far. He is the most intelligent, intuitive, resourceful and creative realtor I have ever encountered. I will recommend him to everyone I know without any hesitation. He has been so patient with me which I really appreciate and has always listened to me. He had real conversations with me weighing the pros and cons of different options. He never once lost patience or got frustrated. I wish we could have made a sale for him instead of a rental. But hopefully when we are ready to put it on the market again he will still be in the business and still want to work with us. I am so happy to have found Corey. Please keep up the good work and I know you will be rewarded for your kindness and generosity and patience.
Corey got me $30,000 more than I was asking for. The experience of selling my home was great and went very smoothly. I was told what to expect up front so there were no surprises.
As Downtown Los Angeles home values continue to rise while the urban neighborhood continues to get more amenities and more prospective residents, rent prices continue to jump at about the same fast pace, around 6% per year increase. #affordable #lofts
While our team was once quite eager to help renters to find lofts for $1,000 per month, those days are unfortunately over. With so many fresh faces moving into DTLA, the Corey Chambers Team of real estate agents can sometimes barely keep up with buyers and sellers requesting our help in dealing with their loft sale and purchase transactions now averaging $665,600, while the average recent loft for lease had a rental price of $2,894 per month. Are the are any cool LOFTS UNDER $2,500 any more? The answer is yes!
The problems with the best deals in Downtown loft rentals are that the real estate agents and managers with the best loft bargains don’t always answer their phone because they are so busy. The quick and easy solution is an upgrade such as the L.A. Loft 3-Hour Tour or Priority Service Upgrade. These services are an absolute must for renters who want to find the best deals in the real estate agent listings as well as the bargain rentals not listed, along with unadvertised bargains. These service upgrades can help buyers to get treated with the same respect and same high priority as a $1 million dollar home buyer or seller.
Knowing what sold recently is the most reliable way to discover the current home value.
By learning what people actually paid for a property, we don’t need to guess as to what buyers will pay today. The Listing Price (or Asking Price) can help to understand the psychology of the seller, but they are only accurate predictors about 1/3 of the time, as about 2/3 of properties in downtown sell for significantly more or less than the asking price. #dtla #sold
Property Values: The above Little Tokyo Loft 3rd floor unit sold this week. Since it went into escrow, prices have increased while inventory has shrunk because the unit was purchased during the holiday season. The busy real estate season in Downtown Los Angeles starts Jan 2 and stays busy all the way until October 29.
The Little Tokyo Loft south side unit sold for a bit less than the asking price. The unit has a leak in the rooftop drain pipe that extends vertically all the way through the building. The pipe is more than 100 years old, and leaks slightly whenever it rains hard. The Little Tokyo Lofts Homeowners Association is again trying to repair the leak. The HOA is being sued by another residents who had a leak in his unit, that damaged his rare hollywood prop wallpaper. Find Downtown and L.A. recently sold loft prices at www.LALoftPrice.com.
Find out how much the loft down the street sold for. Request a free list with sold prices. Fill out the online form:
For rent and for sale, luxury lofts in L.A. are all the rage. #luxurylofts #losangeles
Downtown Los Angeles is the Mecca for live/work industrial, historic and luxury lofts in Southern California. More than half of properties for sale are loft conversions under the City of Los Angeles Adaptive Re-Use Ordinance. More than one third of Downtown LA rentals are lofts. Hollywood, Pasadena, Marina Del Rey and other neighborhoods have some luxury lofts also.
Besides being all the rage for their chic style and hip urban character, lofts are practical for their urban settings near restaurants, coffee, shopping, entertainment and transportation hubs. They offer a more convenience, efficiency and more wealth of opportunity, including personal life and financial success because of their close proximity to so many singles, young couples, entrepreneurs and successful artists.
With high ceilings, open floor plans, lots of windows and natural light, lofts give a feeling of great freedom, spaciousness, creativity and positive energy. As Downtown LA recaptures more and more television and film industry activity, the neighborhood firmly stands as part of the entertainment capital of the world. With America’s 2nd largest concentration of government workers, DTLA is home to more than 500,000 jobs. While the Los Angeles is teaming with amazing restaurants, Downtown L.A. alone has more restaurants within walking distance than we can ever hope to taste in our lifetime. Combined with the energetic vibe of Downtown life, penthouses and other luxury lofts provide the most creative way of thinking and the most innovative way of working with the highest example of a vibrant lifestyle. LUXURY LOFTS FOR SALE | FOR LEASE
Get a list of luxury lofts in your desired neighborhood. Fill out the online form:
Downtown Los Angeles Loft and Condo Specialist Realtors, Brokers and Professionals
Downtown Real Estate Agent Directory – AgentsDTLA.com
The L.A. Loft Blog team gets up to 100 calls a day from excited prospective new urbanites who are moving or would like to move to the most exciting place on Earth, Downtown Los Angeles. See the Entar 5-Star Downtown LA Real Estate Professional Directory at www.Entar.com. Here is the LA Loft Blog list of Downtown specialist real estate agents:
Corey Chambers 213-880-9910 EMAIL L.A. Loft Blog 323-352-3838 EMAIL
Paula Samuel 310-795-1261 EMAIL
Yuri Huxley 310-869-2655 EMAIL
Brittany Brimmer 310-748-7905 EMAIL Brian Heffernan 619-316-4412 EMAIL
Daniel Weber 310-890-7101 EMAIL
Kerry Marsico 213-700-6515 EMAIL Liz Gottainer 213-393-2209 EMAIL Wayne Willbur 213-500-0254 EMAIL
Evan Fujii 213-422-3368 EMAIL Russell Chan 213-629-2530 EMAIL
Jeremy Triggs 323-836.3914 EMAIL
Bill Cooper 213.598.7555 EMAIL
Caroline Choi 323-572-3112 EMAIL
Christiano Sampaio 213-254-5638 EMAIL
Jessica Robertson 213-249-5760 EMAIL Agnes Ferreyra 213-394-5278 EMAIL Chase Pennington 512-207-0244 EMAIL
Jonathan Yuen 650-346-5519 EMAIL
Ray Lee 213-448-0957 EMAIL
Roxanna Godinez 213-706-9016 EMAIL
Drew Panico 323-841-0381 EMAIL Laura Silver 818-815-1515 EMAIL
Wilfredo Navarro 213-399-3678 EMAIL
Anh Tran 310-430-1312 EMAIL
Michael Ferguson 213-718-3019 EMAIL
Allyson Connolly 215-205-1620 EMAIL
Thomas Alexander 310-836-8690 EMAIL Randell Green 213-254-7626 EMAIL MORE >>
Get on the New Lofts Interest List. Fill out the online form:
Downtown specialist real estate agents may request to be included in the directory at no cost. Call (213) 880-9910
Happy Veterans Day Downtown L.A.! #financing #lofts
As a veteran of the United States Air Force, it’s a special day for me and for our troops who are fighting and guarding us day and night. They all very much deserve our thanks! VA and FHA home loans are government sponsored financing to help veterans and also non-veteran first time homebuyers to afford the American Dream of home ownership. It turns out that helpful mortgage programs like these change sometimes, and, more often, become more or less effective based on changes in the housing market. Today unfortunately, FHA and VA are nearly 100% INEFFECTIVE in the booming Los Angeles housing market, especially for condominiums, and they have lately been totally useless for Downtown Los Angeles lofts for sale. But, there are other low-down payment alternatives.
The good news is that our heroes, both military and civilian, who thought that that they needed FHA or VA financing can find out that FreddieMac and other mortgage lender programs have plenty of low-down financing with 5%, 3% or even no down payment. The LA Loft Blog has posts with more details about the problems, delays and other issues that make VA/FHA impractical for Downtown lofts. >> MORE