sold

REAL ESTATE NEWS

(Downtown L.A.) The local, urban home sale real estate market has changed, and is now beginning to separate into winners and losers. What have buyers been snapping up recently in Downtown L.A? Which properties have failed, and why are so many now failing to sell?

First, it’s always helpful to know what home buyers are doing successfully. Here’s a 2-bedroom, 2-bathroom with dramatic view that just went into escrow in only 19 DAYS — that’s 75% FASTER than comparable nearby units! #dtla #realestate #news

The shocking news about Downton real estate today is the surprising low success rate.

Why Downtown L.A. Real Estate Now Has a 73% Failure Rate

What makes a home sell much faster, for more money and with less hassle than other homes that sold recently? It starts with the main reason for most successful outcomes — determination. Many home sellers don’t know that many home sellers have not succeeded as the market has changed to a buyer’s market. Out of 609 recent Downtown listings, only 173 sold. That’s only a 28% success rate.

When a seller has decided that they’d like to sell the home for sure, and they need get top dollar for it, simply following last year’s rules no longer works. The home must be sold the right way for today’s real estate market. Buyers are no longer lined up out the door. The seller must now make smart choices in order to achieve success in the desired time frame.

The recent success story above reveals a focus on getting more money, selling the home faster, getting it sold with near 100% certainty, and, most importantly, relying on a proven database of buyers. Numerous failures occur because too many rely on old news and old methods to sell a property in a real estate market that moves quickly, and changes faster than ever before. When a loft or condo absolutely, positively must sell quickly, for more money, sellers must use the most proven system for success in today’s Downtown real estate market.

Find Out What Your Neighbor’s Loft Sold For

Get a free list of recently sold homes, with photos, descriptions and prices. The list also includes active listings of homes for sale. Also available by request is a list of off-market homes, pocket listings and unlisted homes for sale. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

When considering placing an offer on a Downtown loft, how does one determine exactly how much to offer? Real estate professionals know that there is one primary method used to determine property values and market conditions. Here’s the easy way to know the actual market value. #sold

That method is by analyzing the prices of recently sold comparable properties. The average home buyer and seller makes the mistake of only looking at asking prices on property listings, but this is not accurate for determining real market value because only about one out of three homes sells for the asking price. That number is changing right now, as the market is softening. Based on the the market shift and changes (dramatic drop in the number of recent home buyers) that the L.A. Loft Blog has recently reported, more than half of the homes listed may be selling for less than the asking price in the coming months. HINT: For those who are able, it’s time to start “stealing houses,” that is: placing lowball offers on several homes to find motivated or even desperate sellers and the extra equity to be gained by buying low. | SOLD

How to Make Money with SOLD LISTINGS

By looking at a list of similar homes nearby that have sold within the last six months, home buyers and sellers can get a more realistic picture of the actual market values, what home prices should be. Renters and landlords often use the same method — looking at recently leased comparable properties nearby.

It can be challenging to find sold prices listed anywhere because the sold prices does not show up in many places. Most home search websites do not have sold prices, or the sold prices are hidden away somewhere and difficult to find.

Fortunately, there are some easy ways to find the actual prices of sold homes so that home buyers and sellers can know how much to offer or how much to demand for a home in the current market. Request a list of comps (recently sold comparable homes) from the L.A. Loft Blog. Use this simple formula to determine price per square foot (or call the L.A. Loft Blog and we will calculate it for you 213-880-9910): Sold Price divided by Square Feet. Do this for several of the closest, most similar homes. Determine the average by adding the total of prices divided by the total of the square feet and then divide that by the number of properties. Calculate that amount times the square feet of the desired home to get the offer amount. >> MORE

Get a list of recently sold homes and prices, along with a list of properties currently active for sale on the market. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/qbg942419l39cs/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Tag: sold

Sold Downtown Los Angeles Lofts and Condos – How Home Prices and Tactics are Changing

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