Los Angeles Home Buyers
We buy houses in LA fast, for cash, in any condition. Natalie Lohrenz , director of counseling at the Consumer Credit Counseling Service of Orange County, told the LA Times that house prices are beginning to get out of reach again for middle-income folks, even though they are more affordable than their highest points before the recession.
Living near highways, train tracks and other urban eyesores has long been an unfortunate fact of life for residents of big, crowded cities around the world, including in tightly-packed cities in the U.S. Now the rising popularity of urban living across the country, along with a shortage of land in desirable locations, has made these dingy corners of cities hot properties for developers and home buyers, despite loud and ugly neighbors and the potential health hazard of living closer to pollution.
So if you're in a situation where you need to sell really quickly, or if you just want to be done with the process in under 30 days and just have it offer your hands, and the convenience of that is worth more than the extra earnings you might get if you went through a realtor, then we're a good fit for you.
Back when I first began my real estate career, people in the business jeered at sellers who felt that their house was worth more because they used heavy-duty nails,” which was code meaning they had used quality materials in their maintenance and remodeling efforts.
The four-bedroom home spans 4,401 square feet and has a home theater, a gym, a pool, a hot tub and views over the Sunset Strip and Los Angeles from its oversized windows and balconies, according to the listing with Carl Gambino and Kurt Rappaport of Westside Estate Agency.
As you know, there can be lots of pitfalls when selling a house the agent route, including: having to clean up and repair the property so it shows well, finding an agent who you trust and who can deliver on their promise (selling your house quickly), signing a contract that binds you to an agent for a certain term, the piles of paperwork you have to sign, shuffling paperwork back and forth from buyer -> to agent -> to you… and back.
Right now, interest rates are low, and homes are taking a bit longer to sell than they did this time last year, according to data published by the California Association of Realtors Prices are also climbing at a more modest pace; LA's median sale price rose 3 percent between May 2018 and May 2019, according to CoreLogic That's significantly lower than the 8.4 percent increase seen a year earlier.
Paying cash allows us to skip all the hoops that banks make most other buyers jump through. So, if you sell a home in Los Angeles for $500,000.00, the county companies that buy houses for cash Los Angeles transfer tax will be $550.00 ($500,000.00 x 0.11%= $550.00). No middlemen or agents means no commissions or time-consuming marketing of your property.
If you were to buy a median-priced home in Los Angeles County (around $605,000), rather than pay for a $2,000-per-month apartment, it would take five years and three months to hit the break-even point when buying pays off over renting. The sprawling active city of Los Angeles also give home buyers options of which neighborhoods to live in, whether in downtown Los Angeles or in the more high end and posh communities of Hollywood and Orange County.
This 8-hour course is conducted with interactive learning to hundreds of perspective homebuyers that are taught the language of real estate, money management, financing opportunities and how to create, secure and transfer generational wealth. Your realtor will know how well the home is priced by having compared it with recent sales in the immediate area.
We'll discuss your property with you and learn how much you need to sell it for and when you'd like to close. It was unclear how many of the homes Redfin has purchased to-date through Redfin Now are located within the L.A. metropolitan area, though the company did say in a statement that it has already purchased properties” in the city.
A final sale price and information on the buyer will not be available until the transaction closes. However, if there are other interested buyers, the property will be put up for auction to finalize the sale. An MLS program allows homes on the real estate market to be placed in a large, searchable database.