Get paid to live in an awesome historic loft! #millsact #lofts #dtla
For those who like the ornate historic or industrial character of old buildings, the property tax savings for a Mills Act approved loft can add up to tens of thousands, even hundreds of thousands over the term of the mortgage. That can end up paying a significant portion of the purchase price.
Selling a Hard-To-Sell Condo in Downtown L.A.
David Payne retired and purchased an ideal fixer in a beautiful desert resort community to relax and enjoy life while saving lots of money. He knew he would not be staying at his Downtown Los Angeles condo much any more because he is retired and spends just about all of his time away from DTLA. He was very concerned because the homes in his condo building have been selling slow lately, and several have been listed and re-listed to no avail. He let an agent show the unit, but the agent only showed it twice in a couple months.
Dave was closing escrow soon on his desert home and needed to step it up and get the Downtown condo sold. Condos in his building were taking an average of 55 days to sell. Some did not sell at all; they just expired. David knew that the condo needed to be shown to more buyers and needed more marketing than other condo units in Downtown. He decided to take advantage of a local Guaranteed Sale Program and a database with thousands of buyers. It worked! The condo went into escrow in just 10 days. Relieved, David was able to close escrow on his new home without fear of accidentally owning two homes or no home at all. Life quickly became more comfortable for David.
UNLISTED HOME IN L.A. Sometimes the best deals are not listed on the internet, and not yet for sale on the open market. By learning about these homes early, home buyers can often save money by putting in a lower offer. Before competing buyer have a chance to drive up the price, you can own the home of your dreams. Details about these pocket listings at www.PocketLA.com
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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. Names have been changed to protect privacy. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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