Home Buyers 9 Critical Questions to Ask Before Buying a Home
Free Report reveals how to save thousands of dollars and years of expense.
There are some really vital questions that need to be answered so that a buyer can make the right offer. Before placing an offer, let the listing agent know that the buyer is fully involved in the communication process. Negotiating in a strong manner makes the difference between saving thousands of dollars or wasting money. In a real estate market with low inventory and many buyers, those with weak negotiation strategies risk losing the perfect home to other buyers.
There are nine question that buyers should ask the seller so that the buyer’s offer will get noticed and give the buyer the best chance of beating any other offers while keeping the price as low as possible.
Get a complete list of these 9 critical questions to ask the seller before placing an offer on a Downtown loft or condominium. Fill out the online form:
Quite a few Downtown loft lovers never come across all of the homes for sale because they don’t know how to get access to unlisted lofts and condos called “pockets listings.” Most buyers, agents and brokers are largely unaware, and they don’t have access to these special deals.
A pocket listing is a kind of exclusive property for sale where a broker has a signed listing agreement with the seller, but where it is never advertised fully or not entered into a multiple listing system (MLS), or where advertising is limited for an agreed-upon period of time. The reasons for a pocket listing may vary from the need for privacy or secrecy to discrimination, and some sellers may have their own reasons for not advertising a listing in conventional ways, including wanting to sell only to certain types of people. Several legitimate marketing strategies can also lead sellers to choose pocket listings. Pocket listings can be very appealing to buyers who seek exclusive opportunities. Other legitimate reasons for a seller to decide to do a pocket listing include the potential for a faster, smoother transaction when the listing agent has buyer clients who may be interested in the property. It can reduce the need for too many showings to strangers.
Pocket listings may give buyers an extra advantage when searching for real estate, which is not advertised anywhere else. The transaction typically only has one real estate agent, thus potentially lowering the overall commission costs. If the buyer’s objective is to look at all the available homes for sale in a given area, they would need to look at MLS and all private listings for sale.
Read the entire Wikipedia article about Pocket Listings at:
NEARLY HALF OF THE BEST DEALS DOWNTOWN ARE POCKET LISTINGS, SECRET, UNLISTED PROPERTIES
With billions of dollars of new infrastructure and improvements in its historic revitalization and renaissance, Downtown Los Angeles is perhaps the most exciting real estate market in the world. It is no wonder that inventory of lofts and condos for sale is so low that most prospective buyers and investors fail to find the right deal. There is simple way to find the most hot deals, secret inventory called “pocket listings.”
Have you ever wondered why the best Downtown lofts seem to be sold before you see them? Many of those are pocket listings, properties that are shown to privileged buyers before they are listed on the MLS. Some of the best properties sell before they are ever listed. And many properties that sell within the first few days of a listing were already shown to priority buyers privately before the MLS listing was started. These are called “pocket listings.” This secret inventory of unlisted properties is the biggest secret in Downtown Los Angeles, and accounts for a lot more transactions than most people realize. In fact, nearly half of recent buyers bought pocket listings because, with less competition from other buyers, pocket listings not only provide the best chance of a successful transaction, they are the best, most amazing lofts in Downtown. Take a look at some recently sold properties at http://www.laloftsearch.comand know that more than 40% of those were pocket listings. Priority buyers were able to nab them before the general public, other agents and other buyers ever knew they existed.
Home buyers and sellers are helping to ensure world-class care for every child, regardless of the family’s ability to pay. A $125 donation goes to help the extraordinary kids in need at Childrens Hospital Los Angeles on every home that the Corey Chambers team sells this year. Help us help Childrens. If you know someone who is thinking of selling or buying a home, please refer your friend at www.ReferralsHelpKids.com — MORE (pdf)
Now that the inventory of Downtown lofts and condos is extremely low, finding unlisted properties is vital to getting the best loft at the best price.Because they are not listed to the general public, buyers can often start with lower offers, with less chance of losing the property to another buyer, while giving more time to negotiate the lower price. As the number of homes for sale continues to dwindle, pocket listings are becoming more rare and more valuable. These properties are not listed with any agents, and they are not on the internet. These off-market properties represent as much as 45% of the best deals in Downtown Los Angeles. Here are few examples:
Luma soft lofts condominium unit coming up for sale – Year Built / Eff. : 2007 / 2007 Sq. Ft. : 990 Zoning: LAR5 Lot Size Ac / Sq Ft: 0.9459 / 41205 # of Units: 1 Bedrooms: 1 Bathrooms: 1. This upcoming pocket listing is at 1100 S. Hope above the 5th floor unit in this photos, providing exciting views of South Park’s L.A. LIVE. The current lease tenant is expected to move out this week. The site is between 990 sq ft to 1.030 sq ft standard 1-1 unit with view facing Nokia Theater / Staples Center. The asking price is expected to be around $749,000. MORE
Bunker Hill Tower 800 W 1st St. 2 bedroom, 2 bathroom, updated corner unit with panoramic views. Asking $675,000
Awesome 2 bedroom, 2 bathroom bright, sunny southwest corner. Lift your spirits with panoramic views in this stunning superbly renovated luxury condominium unit with custom finishes in the superb Bunker Hill Tower building. Floor-to-ceiling windows bring in dramatic city views of the Downtown skyline to the Hollywood sign and Griffith Observatory. Updated hardwood flooring throughout, modernized open kitchen with updated stainless steel appliances including warming drawer and 11 ft premium granite countertop island, beautifully updated bathrooms with marble and granite countertops, travertine floors, glass shower doors, designer mosaic backsplash. Custom frosted glass closet doors. Includes storage unit. Many building amenities includes covered underground parking space (additional parking available), gated guest parking, 24-hour security front desk concierge, 2 tennis courts, 2 fitness centers, resort style heated pool, hot tub spa, mens and women saunas, barbecue picnic area, recreation rooms 2.5 acres of common area grounds with rose garden. Building has large convenience store market, dry cleaner and hair salon. Walk to Disney Concert Hall, Center Theater Group, Civic Center, Broad Museum, Financial District, Grand Park, Restaurants and Metro Station. HOA includes utilities: electricity, air conditioning, heating, water, cable TV, internet. Details
Little Tokyo Lofts 420 S San Pedro St. Double unit provides 2 bedroom, 2 bathrooms, 2 balconies, 2 parking spaces plus guest parking, 1,440 sq ft. and amenities for $399,000 per unit making it the lowest price in Downtown Los Angeles. For details, call Corey (213) 880-9910 or request more info.
Get pocket listings in your email free with no obligation to buy. Fill out the online form:
Pocket Listings SOLD – See some of the great deals, most of which were pocket listings or distressed properties, then sign up free with the above form to get free access to the largest number of loft and condo pocket listings in Downtown Los Angeles.
Buying a Real House – Loft Buyers Who Chose Single Family Homes
As prices in Downtown Los Angeles have already surpassed everyone’s expectations, and still continue to grow quickly, the average buyer can no longer afford the typical price in Downtown LA. Over the last month, the lowest price loft in the Arts District was a whopping $850,000 (today there is a steal on a Barker Block loft with plenty of light and view for a mere $629,000). No longer a bargain basement of abandoned industrial buildings adopted by starving artists, Downtown is now a luxury neighborhood, a place of upscale urban vibe that offers real lofts, concrete, brick and authentic Downtown dining and entertainment experiences that you cannot find in West L.A.
With the $600,000s being the new floor price for Arts District lofts, more buyers in the $250,000 to $500,000 range are now looking at neighborhoods outside of Downtown for the right price on cool condos in fun neighborhoods. When a prospective Downtown loft buyer ends up purchasing in a different neighborhood, they often still continue to aspire to eventually buy in Downtown. For those who cannot buy a Downtown dream loft today, buying a nearby condo or house is a stepping stone to allow the amazing dream loft to come true in the future. Buying in another great neighborhood protects the buyer from home price inflation. By owning another great home, the prospective loft buyer benefits from the higher prices, while most renters fall further behind the price curve.
Eager to get a better deal, they purchased homes located in the neighborhoods roughly between Downtown Los Angeles and Hollywood. They mostly chose houses with open concept kitchen-dining-living rooms, yet having traditional bedrooms with doors. Here’s what they have been buying instead when they did end up buying a Downtown lofts that they originally looked at: –
Pico-Union Neighborhood Adjacent to Downtown Los Angeles
Melrose Hill, East Hollywood Neighborhood – Five Minutes to Fun Hollywood Nightspots
Hancock Park Condo
Glassell Park 3-Story House with Views of Griffith Park
Get more single family homes and condo alternatives to Downtown lofts in fun nearby neighborhoods. Fill out my Online Form.
High ceilings, big windows with bright natural light, hardwood and concrete floors, the most creative community. Downtown just keeps getting better all the time!
For free help with Downtown Los Angeles rentals, call the L.A. Loft Blog at (213) 478-0499 so that we can find out more about what you are looking for, then meet with you to show you the units that best match your search criteria. There is no cost for our services to buyers or renters of condo lofts.
Most real estate agents only help with about 1/3 of the rentals. If you prefer to be fully informed of all of the bargains in Downtown living, we also have an optional 3-hour tour that also includes condo lofts, managed community lofts, apartments and unlisted rentals in and around Downtown at http://www.LAloftTour.com
With today’s low inventory of Downtown lofts and condos for sale, buyers are now seeking out all of the types of unlisted properties, including pocket listings, private listings and properties that are not at all on the market. Here is a list of unlisted properties selected with criteria based on which homes are most likely to sell.
Statistics can show which properties are most likely to sell in the next few months based on the location, type, size, original purchase date, purchase price and estimated equity. When certain likely-to-sell criteria are known, prospective buyers may take advantage of the knowledge by placing unsolicited offers even though the homeowner has not yet given any overt indication that they plan to sell. A list of thirty-six additional unlisted properties is available at no cost. Get free access to the all of the unlisted properties that are most likely to sell. Fill out the online form:
215 S SANTA FE AVE Toy Warehouse #6
Los Angeles, CALIFORNIA 90012 Arts District, Downtown LA
1BR / 1Ba 1,778 sq ft condo loft for sale available now
Amazing one bedroom Toy Warehouse loft condo in downtown Los Angeles. Wonderful opportunity to purchase a HUGE condo. Almost 1,800 sqft of living space. Building is very private. Unit has exposed ceilings. Brick wall, very modern look and feel. Large and open kitchen with stainless steel appliances. Kitchen Island. Etc.. Walking distance to food, shopping, nightlife. – See more at LAloftBlog.com
Features wood floor, high ceilings
ParkingGarage / 2 Spaces
Sq Footage1778 sqft.
Lot Size0.55 Acres
L.A. Loft Blog, 816 S Broadway, Los Angeles, CA 90014
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team. J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms. DRE#01889449
Downtown Los Angeles – A new report has just been released which reveals 7 costly mistakes that most loft sellers make when selling their home, and a 9 Step System that can help you sell your Downtown loft or condo fast and for the most amount of money.
This industry report shows clearly how the traditional ways of selling homes have becomeincreasingly less and less effective in Downtown L.A. The fact of the matter is that fully three quarters of condo sellers don’t get what they want for their homes and become disillusioned and – worse – financially disadvantaged when they put their homes on the market.
As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars. The good news is that each and every one of these mistakes is entirely preventable. In answer to this issue, industry insiders have prepared a free special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar”.