REAL ESTATE NEWS

As the L.A. Loft Blog predicted, the economy is getting worse. The numbers 2021, in and of themselves, hold no magic. The economy shall continue to get worse until it either bottoms out, or until free enterprise is given free rein to do its own proven-wondrous thing. The herd is being shepherded in a manner that ignores thousands of independent-minded doctors and health care professionals, thus harming health, wealth and happiness. Politicians, fake news and unlawful social media have been given undue influence, and they are taking advantage of it like despots. Because of unprecedented censorship and propaganda, many Americans (especially big city dwellers) are unaware of the large number of doctors worldwide who have come out against lockdown, face masks and other harmful overreactions. Americans are losing confidence in the economy because of continued hysteria and government-created economic barriers. Average consumers are getting poorer. Most are unable to understand the powerful long-term impact of the greatest blow to America’s economy in recent history. | Blog Video

While failing traditional news fails to do basic journalism, it’s difficult for the average person to understand what is going on. The lunatics are trying to convince the working class that work is not essential. As the Loft Blog exhorted more than six months ago: ALL JOBS ARE ESSENTIAL. We’re now experiencing what comes when a basic law of economics is neglected; we’re seeing new kinds of economic distress emerge. U.S. spending has dropped for the first time in 7 months, according to the Wall Street Journal. Economy journalists call 2020 the “craziest, creepiest year for financial markets” that they’ve seen in half a century. Money is rapidly changing hands from middle class to the rich. Loft Blog readers understand that they shall fall behind unless they are in a position to take advantage of the change.

Markets take time to unwind before they may become healthy. Before real recovery can start, capitulation is also required. Instead of honest acceptance of shortcomings, we’re seeing an escalation in censorship, propaganda and dereliction. We’ve seen nothing that resembles full unwinding. We’ve seen no capitulation in the stock market or in suburban real estate markets. We can have no rapid v-shaped recovery because we haven’t seen any of these requirements met yet. Downtown real estate values continue to drop. Sadly, 2021 will be pretty much just as crazy, and perhaps even more creepy.

Find out how much your neighbor’s loft sold for. Fill out the online form:

Economies decline everywhere that economics is disrespected.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Many are wondering if home prices are going up or down. While many suburban single family homes have recently been rising in price, downtown and big city urban area condos are mostly falling in value. The best way to find out what’s really happening with the real estate market right now is by looking at transactions that have recently closed escrow. What did people actually buy? How much did they pay? Below is a list of the top 10 most notable lofts sold in the last 30 days, based on what readers of the L.A. Loft Blog have purchased in the past. This SOLD list represents the types of condos in buildings where Loft Blog readers would be most likely to buy in the next six months. #homessold |  PDF

420 S San Pedro ST #501 730 SqFt $370,000
315 E 8Th St #405 670 SqFt $420,000
645 W 9Th St #222 650 SqFt $429,000
1100 Wilshire Blvd #2705 800 SqFt $480,000
1130 S Flower ST #312 1,316 SqFt $630,000
1111 S Grand Ave #616 1,200 SqFt $665,000
1155 S GRAND AVE #605 1,050 SqFt $637,500
416 S Spring St #505 1,080 SqFt $733,120
825 E 4th St #301 1,400 SqFt $765,000
801 S Grand AVE #1910 2,040 SqFt $870,000

PROPERTY DETAILS:  https://www.themls.com/Share/YWFhamFkaWlj

FIND OUT HOW MUCH THE HOME DOWN THE STREET SOLD FOR

Get a free list of recently sold homes, with sold prices. You will also receive a list of homes currently listed for sale, with asking prices. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

200 N San Fernando Rd, this stylish industrial warehouse live/work loft condominium unit with Downtown views, separated bed area and large bathroom is offered in the $300,000s. Check it out! | DETAILS

Get a free list of new on the market just listed lofts for sale or for lease. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Penthouse level Little Tokyo Lofts industrial live/work condominium unit with bright windows and private balcony in peaceful courtyard. 690 Sq Ft., includes parking space and free guest parking. Building amenities include swimming pool, hot tub spa, barbecue, fitness room, library patio, dog walk, freight elevator and 24-hour security. Steps to beautiful Little Tokyo promenade, restaurants and entertainment. Mills Act historic property tax benefits. $424,000. For more info, call 213-880-9910

Get a free list of unlisted, off-market lofts and condos in Downtown Los Angeles. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Get a free list of Mills Act lofts with character and property tax benefits. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

 Blog Video

When a faltering economy slows down real estate tractions in Downtown and other urban neighborhoods, more scams and frauds appear, and even legit real estate pros can get into dire straits leading to unscrupulous or unlawful behavior. As the big city real estate stagnates, here are common recent scams to avoid. To avoid getting scammed by desperate real estate agents, here are suspicious agent activities to watch out for:

1. Failing to submit offers to home seller;
2. Offering to help a home buyer pay for property, then failing to come through;
3. Telling seller that the property is worth much less than it is, then buying the property or having friend buy it;
4. Reducing asking price without permission;
5. Telling the seller that the neighborhood is going downhill because minorities are moving in;
6. Telling a minority buyer they should live with their own kind;
7. Failing to disclose known defects and deleterious conditions;
8. Telling a home seller that the home is worth far more than it is, in order to get the listing;
9. Failing to show the property to any buyers;
10. Failing to get any offers on the property.

In down markets, some agents find that their commissions are no longer coming in regularly, and they cannot afford to renew their credentials. Others may get too aggressive, and get a negative record on their license such as suspensions or other disciplinary actions. Always check to ensure that the real estate pro’s license in is good standing. Check out licenses on the California Department of Real Estate status lookup website.

Here are links to info on more real estate scams to look out for: 

https://www.laloftblog.com/?s=scam

https://www.bobvila.com/slideshow/buyer-beware-9-real-estate-scams-to-watch-out-for-50456

Get information on Downtown loft litigation and lawsuits. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Here is the list of the top 10 best lofts, buildings and hottest topics in L.A. real estate today:

FLOWER STREET LOFTS 1130 S Flower St, Los Angeles, CA 90015

LOFTS FOR SALE

BISCUIT COMPANY LOFTS 1850 Industrial St Los Angeles, CA 90021

Industrial Warehouse Lofts For Sale in Los Angeles

Mills Act Downtown Los Angeles

LOFTS FOR LEASE

Live/Work Lofts Downtown LA vs. Residential Studio Apartments

Warehouse Lofts For Rent

California Exodus Accelerates as Oracle Evacuates to Texas #2020

2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale

NEIGHBORHOODS

Get a free list of the best lofts in Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

REAL ESTATE NEWS

Home Sellers: Real estate transactions are often complex, slow and stressful. To simplify and shorten the process, new ibuyer companies use technology and investors to make an offer on a home instantly. These ibuyer companies have recently begun to spend much less on buying homes. Offers from iBuyers are going down compared to full market value. The decline in ibuyer offers is due to higher risk in the marketplace, while more home sellers agree to accept lower cash offers in order to reduce their own exposure to a jittery real estate market caused by today’s virus hysteria. An increasing number of home sellers are willing to accept less money in exchange for more certainty — less than full market value — often $50,000 to $100,000 less than a fully marketed home sale. |  Blog Video

A larger number of prospective home sellers instead prefer to receive an offer on their home within 24 hours, but then decide if they would like to accept that offer or if they prefer to fully market the home using a real estate professional who provides a guaranteed sale amount for the full market value or higher. #chambersguarantee

Get a guaranteed cash offer on your home within 24 hours. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.

Known as a real estate broker, art dealer Corey has also been a consignment seller of art for nearly 20 years.

In yesterday’s premium article called “Monetize Your Home,” I mentioned that most anyone can find valuables in their home to sell. This often includes art. Now that we are in the worst economic depression in recent history, many people find it necessary to sell personal belongings and household goods in order to keep enough cash on hand to survive the dark winter and beyond, plus gain extra cash to invest in the extremely good deals that a major economic crisis brings. Artwork is among the treasures that many people have, which we often don’t think of selling until times are tough. For many, now is one of those times. |  Blog Video

Other valuables that can generate significant cash may include electronics, tools, musical instruments, expensive decor, cars, motorcycles, boats, precious metals, collectibles and other valuables. For art, the #1 key to determining value is the fame and desirability of the artist, and secondly, whether the work is a hand-crafted original, print or reproduction. For instance, a hand-painted Renoire will likely sell in the millions. A Calder screen print will likely go for around $1,000. A mass produced beautiful artwork by an unknown artist will usually sell for next to nothing.

I’ve been selling hundreds of thousands of dollars of art in conjunction with luxury homes. I’m just getting the word out that I’m willing to help people get more money out of their artwork and other valuables, even if they don’t have a home to sell. Offer ends Dec 31, 2020.

Get more money for your items when Corey Chambers Team sells your art, decor, cars, parts, music, electronics, tools, appliances, furniture, antiques, toys or sports equipment (min. $300 value per item please). We do the work. You get your choice of a check in the mail or electronic payment! If you might like to sell a valuable item in the Greater Los Angeles Area, request a free valuation of the items by calling 213-880-9910 or fill out my online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
After 10 years of selling million dollar condos in L.A., Broker Corey Chambers returns to art consignment

Whether you need $200 or $200,000 right away, your loft, condo or house may be the first place to look for small change or big bucks. Most people have more assets than they realize. The key is to know how to quickly and easily recognize and monetize them. Much of the money in your home can be obtained without having to sell the property. Here are nine ways to get money out of your home fast. [ LOFT BLOG PREMIUM ]

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LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

         

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, 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.