Here’s how to save lots of dough when purchasing a loft, condo or house. Find a slightly run-down property with messy tenants in place. Visualize how beautiful the place can be after saving lots of money on the final sale price. Most other buyers will be unable to visualize the potential of the property, thus reducing the price. If possible, buy during a time of economic crisis, such as during a recession, panic or economic depression when competing buyers are less active. Ask the seller if they have received other offers, and inquire into the nature of those offers, if any. Place an offer that makes economic sense. Don’t fall in love with “the one”. Place lower offers on several properties, drive a hard bargain, and go into escrow on a really great deal. After the inspection report arrives, negotiate a lower price. If there are any other unusual issues, expensive repairs, strange defects, mold or anything wrong with the neighborhood or economy that may affect the price now in the future, ask the seller to reduce the price further. Enjoy beautifying the home using all of the money saved, and enjoy living in the fixed-up dream home. #fixers #losangeles #lofts
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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. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
