Real Estate News – Page 81

Where are the most amazing lofts at the best prices? And how does it all work? The answers to these all-important questions are changing every day as the pace of new technology accelerates. The L.A. Loft Blog is always among the first authoritative media to discuss the changes in the real estate industry, especially those rare, valuable and challenging insights that some prefer not to think about.

AirBNB is today's King of Real Estate — AirBNB is today’s King of Short Term Rental Real Estate

There’s more money than ever at stake in Downtown Los Angeles housing. The astute observers pay close attention while the movers and shakers benefit from these major changes in the housing market. Compare the number of Google searches of real estate, AirBNB and Zillow:

Homes now sell faster when the buyer’s agent receives less commission. Yes, the property actually has fewer days on market and a quicker sale transaction when the buyer’s licensed real estate professional is offered less of the shared percentage, while homes are now really selling slower when that commission is higher. This is one of several indicators that point to the fact that Zillow, Trulia and other major online real estate websites have home search functions that are diminishing the needs for a buyer’s agent. Zillow is blowing away real estate agents. #airbnb #zillow #realestate

Nobody has really ever been particularly interested in real estate agents. They seem to show up sooner or later as the home buyers or sellers kind of know that they still need one to make sure that all of the buyers see all of the appropriate homes, and agents help negotiate the best price and terms, while helping take care of the massive stack of paperwork that is required in litigation-crazy California.

Just as it is clear the AirBNB is beginning to nibble at the hotel pie (average AirBNB stay is 4 days, compared to average hotel state of 2 days), Zillow is now slurping down huge pools of cash from what was once the grips of buyer’s agents. More than 20% of real estate investors are now seeking properties that can easily be rented out on AirBNB. Most Downtown condo lofts are not efficient for AirBNB because of strict HOA homeowners rules that do not permit such short rentals.

There are some sectors of real estate that Zillow and Trulia do not compete well. Those are the ultra-local, specialized markets like Downtown Los Angeles lofts such as historic Mills Act lofts with property tax benefits, L.A. Adaptive Re-Use Ordinance buildings with lofts for lease, 2-story lofts, live/work lofts and industrial buildings.

Get a free list of Mills Act homes for sale in Los Angeles. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/ze1qfwn1rrhoda/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN L.A. [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.

Black Friday Sale on Downtown L.A. Lofts until December 31, 2017

Black Friday Sale Downtown Los Angeles Lofts and Condos

REAL ESTATE NEWS: The best deals on Downtown LA lofts have always been during the holidays, when the smart, savvy buyers take advantage of the fact that most competing buyers are out of the market and not in the game during the holiday season. And WOW!!!! When’s the last time we saw a Black Friday sale with $50,000 off? This is a holiday sale that investors will absolutely love. Those who are considering buying a home in November or December are in the minority because humans are like lower animals in that they make fewer big moves during the winter. For the few who are thinking about moving or investing in a property, the time between Halloween and New Year’s Eve can be the very best time to get a super deal because there are fewer competing buyers. When an offer is placed on an amazing loft, condominium or house during this time, the offer is more likely to be accepted. Beginning January 2, everything changes. The inventory only goes up a tiny bit, while the number of buyers explodes in DTLA. For those who wait until after the new year to get started, they will find themselves caught up in an exciting (and expensive) auction effect that drives up prices due to the large number of buyers trying to outbid each other. #blackfriday #lofts #dtla

$50,000 Home Purchase Savings Guarantee
For those homebuyers who not only want to find the home that perfectly suits their needs and desires… but to also purchase their dream home for the lowest possible price: Accomplish both of these goals; and here’s how it works:

Purchase a home for at least $50,000 less than the listed asking price guaranteed, or get $6,000 cash at the closing of the sale. This guarantee applies to homes over $800,000 going into escrow by Dec 31, 2017.

That’s pretty straightforward isn’t it?

This offer will not last. To get details on how to get the Black Friday $50,000 Home Purchase Savings Guarantee, request more info filling out the online form:

<a href="https://laloft.wufoo.com/forms/m1d35tan1htygpc/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Tag: Real Estate News

The Rise of Zillow and Death of the Real Estate Agent

SAVE $50,000 on a Downtown Los Angeles Loft or Condominium – Real Estate Black Friday Sale

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