Luxury Loft Boom
Hot Market for Downtown Luxury Lofts in Los Angeles
50 Downtown luxury lofts above the $775,000 mark sold in the 2nd half of 2014. Get the FREE Luxury Recent Sales Report, plus a certificate for $2,000 off closing costs.
Sky Loft 1207 luxury condo got 5 offers even though it could not be shown most of the time due to an uncooperative tenant.
While hot markets are seller’s markets, with buyers racing and scrambling to make the deal, licensees representing sellers, and sellers themselves have plenty of reason to sweat as well. Fielding multiple offers, evaluating offers for their merit and ability to close, and overcoming appraisal hurdles are just a few of the challenges of representing sellers in a hot market.
Metropolis Super Luxury Tower Condos Under Construction
In a hot market, sellers may receive multiple offers, even within the first few hours or days of having their home on the market. In evaluating offers, the following factors should be considered:
Net sales price (sales price minus any closing costs, including commissions and credits)
Buyer’s financing (amount of down payment, type of financing (conventional, FHA, VA)
Contingencies (home inspection, appraisal, financing, HOA review, sale of home)
Earnest money deposit and type (e.g., promissory note vs. check)
Will the property appraise for the agreed-upon sales price?
Looking at these factors individually and as a whole will help sellers identify the best offers. Get the Top 50 Luxury Loft List – FREE Luxury Recent Sales Report, along with a certificate for $3,000 off closing costs. Fill out my online form.
L.A. Loft Blog, 816 S Broadway, Los Angeles, CA 90014
*Guaranteed home sale by end of listing term at price agreeable to seller – details at LoftSoldForSure.com. 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 SKY LOFT CONDO FOR SALE VIEW CORNER UNIT 2 BED 2 BATH 801 S GRAND AVE, #1207 LOS ANGELES 90017
Here’s the scoop on the 2-bedroom 2-bath Sky loft with panoramic views in the loft with the perfect blend of lofty openness and bedroom privacy with luxury finishes.
801 S GRAND AVE #1207
LOS ANGELES, CA 90017
NOW AVAILABLE $ 799,000
Beds: 2 | Baths : 2.00 (2 0 0 0)
Sky Loft 2-bedroom, 2-bathroom – Live large with windows and views
Classy comfort, style and never-ending views in this 1,330 Sq Ft (others call this 1,440 sq ft) 2-bedroom, 2-bathroom luxury Sky Lofts high-rise loft with private bedrooms, East and North views overlooking beautiful Downtown’s Financial District skyscraper skyline. Each bedroom brings breathtaking views and a full bathroom (master has two sink basins, separate bathtub and shower) and walk-in closet. One bedroom separated by a corner, the other by a stunning designer sliding glass door. Secure, enclosed two parking spaces connected to building. Beautiful thick hand-textured hardwood floors, 10 foot high finished ceilings, solid core / STC rated doors. Solar shades with black-out shades on enormous floor-to-ceiling windows. Upgrades include custom lighting that includes 40 recessed ceiling lights, half with dimmers, additional outlets and switches throughout. Large gourmet kitchen with stainless steel appliances including gas range, Caesarstone counters, and sleek Italian cabinets. Bosch washer and dryer in unit. Pre-wired for Internet, phone and cable TV. Sky Lofts building features 2 covered parking, 24-hour security concierge, Sky Lounge, Sky Theater, Sky Fitness Center. Walk to shopping, groceries, Metro, pubs, restaurants.
