I've been researching a lot on new developments in the downtown Los Angeles area. I'm leaning towards purchasing a condo unit in one of the developments known as the "Artisan on Second". Has anyone else looked into this place? Your thoughts, insight, opinions, on this specific development or any other in the downtown L.A. area would be much appreciated. Thanks.
2006-11-15 19:05:56 · 6 answers · asked by fatalist 2 in Business & Finance ➔ Renting & Real Estate
no idea coz im not in LA now hheehheeh
2006-11-15 19:08:29 · answer #1 · answered by hinyong_bobo 2 · 0⤊ 0⤋
Right now, the sales offices of the new developments are easier to work with than the individual re-sellers of existing units. The individual sellers haven't adjusted to the new reality that it's now a buyer's market, especially Downtown, with a lot of supply from both resales and also a lot of new projects. But investigate both, find something you really like, and don't be afraid to make on offer under asking price, whether to an individual seller or a new development Sales Office. Stephen May, Broker, Downtown Residential Real Estate
2006-11-18 06:20:46 · answer #2 · answered by DowntownCondoBroker 1 · 0⤊ 0⤋
Your question is a bit too specific. I've lived in southern CA for most of my life, and I probably wouldn't be familiar with that particular development.
Do your research. Check out the demographics of the area, crime rate, schools. employment statistics, eitc. All of this can be found online line by doing a Google and typing in "your city" and "demographics."
Also, if you see anyone who is part of the condo community out and about, tell them you are thinking of purchasing and ask them how they like living there. Their answers may surprise you.
With the slump in housing prices, you will be stuck in your condo for a few years at least in order to turn a profit. You don't want to take a loss on your housing investment so do your homework.
2006-11-15 19:25:39 · answer #3 · answered by freedomnow1950 5 · 0⤊ 0⤋
Well there are many developments have you been qualified for a mortgage yet? Many of the companies want to know if you can actualy purchase the unit. Feel free to logonto http://www.justgetaloan.net for a fast free pre-qualification. Also many clients have been able to lock into loan rates and great programs. Feel free to contact me by phone at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
2006-11-16 05:34:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Talk to a couple real estate agents and get a feel for the area:
http://www.realestateagentlive.com/
Matt
http://www.diversifiedlender.com
http://www.homemortgageminnesota.com/
http://www.refinance-second-mortgage.biz
http://www.minnesota-mortgage-rates.net
2006-11-15 23:09:46 · answer #5 · answered by Matt J 3 · 0⤊ 0⤋
cool. call my buddy Phil he lives in LA
2006-11-15 19:06:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋