news – Page 25 – LA Loft Blog

More than 1,000 tuned in Sunday, August 7, to see Downtown Los Angeles Real Estate Open House LIVE TV Show on Periscope, making for what could be the largest Downtown condo open house ever. #periscope #openhouse

WATCH RECORDED LIVE SHOW FROM SUNDAY AUGUST 7

There is only one Bunker Hill Loft, a spacious 2,440 sq ft condo unit surrounded by panoramic views of the Music Center to the skyscraper skyline of Downtown Los Angeles. Those who could not make it in person to see the open house can still view the luxury condominium unit via the recording of the live show and get inside information. The winner has been announced for the $25 Amazon gift certificate for asking the best question about Downtown L.A. or real estate. Congratulations to Christian S. for providing the best question of the day.

Watch the recording of the LIVE tour and see what’s really happening in Downtown Los Angeles as Corey Chambers and award-winning actress Brandi Price Host LIVE Periscope Webcast from an L.A. high-rise loft-style condo. They show how to avoid the 5 biggest mistakes in Downtown real estate, and reveal how to make the most of one of the world’s hottest markets. Brandi Price is currently away filming on location http://www.BrandiPrice.com.

The latest on what the Downtown L.A. renaissance is all about…

Corey Chambers, the L.A. real estate agent known for buying Downtown Los Angeles lofts for cash, broadcasts Downtown’s real estate open house LIVE TV show. Viewers can tune in free to watch LIVE open house tours and previously recorded shows at http://www.DowntownScope.com. The internet video broadcast is transmitted using Periscope and Twitter.

“The show will share the latest on what the Downtown L.A. renaissance is all about,” Chambers said. “As a live TV show, viewers worldwide will get the chance to see what is really happening right now in the most exciting place on Earth.”

Property details and photos at http://loftla.vflyer.com/home/flyer/home/314126001

Chambers does the show because he believes that most real estate agents just do the ABC’s of real estate, and they don’t implement the latest technologies to their fullest. He noticed that a popular loft listed by another agent recently took more than 100 days to sell because the real estate agent Multiple Listing Service was the only significant marketing tool, which is a “lazy way to market real estate” according to Chambers. In addition to the live open house TV show on Periscope, Chambers, who is a veteran computer and satellite systems specialist in the U.S. Air Force, publishes the L.A. Loft Blog, provides the largest number of unlisted lofts and condos for sale in Downtown, and offers the latest technology to buyers and sellers (at no cost to buyers) such as heat map software that instantly shows which homes have positive cash flows, which unlisted properties are likely to sell soon, and which properties are in distress and likely to sell at a bargain price.

As for agents to just upload their seller clients property to the MLS and then throw a lockbox on the door, “That’s nonsense,” Chambers concluded. Don’t real estate agents get paid enough to do more for their clients? Chambers actually guarantees the sale of homes, and also guarantees in writing that home buyers will love their new home or he’ll buy it back. The seller and Corey must agree on price and time of possession.

Sponsored by the LA Loft Blog, the TV shows dramatize this aggressive marketing. The most recent show took place inside the 23rd floor of a Downtown highrise loft-style condominium with panoramic views of Downtown’s Music Center and Financial District. It’s not, however, merely a show and tell about a single home for sale. The show called “Downtown Scope” reveals how to avoid the 5 biggest mistakes in Downtown real estate, and provides tips on how to make the most of the hot Downtown L.A. market.
The L.A. Loft Blog is Downtown’s authority on residential real estate. Interview requests should be directed to Corey Chambers at corey@laloft.org with Downtown Scope in the subject line, or call 213-478-0499 http://www.DowntownScope.com

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Copyright © 2016 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.

Market and Housing Forecast for #DTLA #RealEstate

In a recent real estate poll, fewer buyers said that now was a good time to buy, while more sellers felt that now was the best time to sell. This marks a notable shift in the market. Is now best time to buy, sell or rent a loft, condo or apartment in Downtown Los Angeles?

The L.A. Loft Blog, the authority in Downtown real estate, was the first to report in 2011 that the buying wave was coming. Those who purchased in 2011/2012 gained an incredible amount of wealth in the form of home equity. The average Downtown homeowner who purchased at that time gained several hundred thousand dollars of equity within just a few years. This is an incredible transfer of wealth. Today is a very different story.

japan-real-estate-chart — U.S. to Follow Japan’s Economic Model

Today, the L.A. Loft Blog is the first to announce that this is the beginning of a NORMAL market. Normal can be difficult to understand, so here is what that means: There will be no dramatic transfer of wealth any time soon. Prices will likely remain largely stable over the next several years. While would-be buyers may feel that the market is making them feel nervous, the reality is that many buyers normally feel scared in a normal real estate market because it is such a major purchase, and because the buying process is a major life event for most. For 2016/2017, buyers can expect a good return on their investment, which, for Downtown, means to expect an above-average gain. Sellers can expect normal results of their sale. Seller who wait for several years will be rewarded.

As for those would-be buyers who are waiting for a big price drop before they buy — they will likely be disappointed. And as for sellers who believe they can cash in now before the next big price drop, they will do OK, but selling now is not going to lead them to a winning euphoria. In fact, we will likely see several unexpected small run-ups in prices before we ever see a huge drop in prices again. Our economy has been following Japan’s model recently. Since the U.S. is following Japan’s lead in economics lately, Japan’s recent market could be our best glimpse in to the future of our real estate market. This model shows a coming large run-up in metropolitan home prices.

In Downtown Los Angeles, the most exciting place on Earth, the housing market will remain tight. To be successful, buyers must beat out all of the many other other buyers to the best deals. Prospective buyers can get free access to bargains, unlisted homes and powerful technology at www.LALoftVIP.com.

Renters are still flooding into Downtown as DTLA has surpassed a half million jobs, and could be headed to one million jobs if the economy remains on the right track for a while.

2016 is the year to buy according to CNN:
http://money.cnn.com/2015/12/04/real_estate/2016-real-estate/

The biggest discrepancy in CNN’s article is interest rates. The U.S. seems to be following Japan’s ultra-long-term experiment on government-instituted super-low interest rates. That has resulted in a stagnant economy, but surprisingly buoyant real estate prices. When investors can’t get results from other investments, they will turn to real estate.

Here is the real #1 reason to buy for those who find that they like living in Downtown Los Angeles:

Following the L.A. Loft Blog’s NORMAL market call, there is an abnormally high rental demand in DTLA. Despite dozens of new rental developments popping up, everything is pretty much full — the coming Garey Building recently reported 94% filled to capacity while under construction — before it even showed any model apartments for rent.

Look for rents to go UP, UP and UP! As for rent prices in Downtown L.A., the sky is the limit.

Of course, all this talk about economics, the dismal science, puts even fewer people in the mood to buy, and even more in the mood to sell. Find out how much your Downtown home is worth at www.LALoftPrice.com.

LOFT & CONDO LISTINGS DOWNTOWN L.A. [MAP]

Tag: news

1,085 Tune In to View Downtown LA Open House LIVE Webcast on Periscope at Bunker Hill Loft

More Sellers than Buyers for Downtown Los Angeles Lofts and Condos – How Soon?

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