Downtown Los Angeles Lofts
If you’re buying a loft for sale in DTLA, your lender will require an appraisal – but what is an appraisal, and why does the lender want one? What is an Appraisal in Real Estate? A home appraisal is an unbiased estimate of a home’s fair market value. Your lender will require it because it […]
When you’re buying a loft or condo for sale in DTLA, you’ll hear all kinds of unfamiliar terms – and one of them is abstract of title. What is an Abstract of Title? An abstract of title is a written record of every document and proceeding related to a property. When you buy a condo […]
If you’re buying a condo or loft for sale in Los Angeles, you have plenty of options when it comes to a mortgage. One of those options is an adjustable-rate mortgage, or ARM – but what is it, and why would someone choose that? What is an Adjustable-Rate Mortgage? An adjustable-rate mortgage, which is commonly […]
If you’re buying a condo in DTLA, you’ll most likely have to buy title insurance – but what is it, and why do you need it? What is Title Insurance? Title insurance is something that buyers have to purchase, and it all starts with a title search. During a title search, a title company looks […]
When you’re buying a condo in DTLA, you can – and should – shop around for the best possible mortgage rates. But can you really negotiate with a lender? Negotiating Lower Mortgage Rates For most people, buying a condo involves getting a mortgage loan. Like any large purchase, you should shop around so you get […]
When you’re buying a condo for sale in DTLA, you’ll probably see real estate listings for “short sale” properties – but what are short sales, and should you think about buying one? What is a Short Sale? A short sale occurs when a condo owner who’s financially unable to pay his or her mortgage strikes […]
When you’re buying a condo for sale in Los Angeles, you’ll most likely have to be part of a homeowners’ association. (Learn about HOAs here.) Before you buy in a particular building, though, you need to: Become familiar with the HOA’s rules Decide whether you can live with the HOA’s rules Determine how much the […]
When you buy a condominium, you’re obligated to join the community’s homeowners’ association, or HOA. But what is an HOA, and how does it work? What is an HOA? A homeowners’ association is a group of individuals – usually elected – who charge you a set fee for membership. That fee then translates into grounds […]
If you’re buying a condo in LA, it’s a good idea to come up with a 20 percent down payment. That means your mortgage payments will be lower, and lenders may look at your loan application more favorably than they would if you brought less of your own money to the closing table. But it’s […]
If you’re like many people, you’ve heard of VA loans – but what are they, and who can use them? What is a VA Loan? A VA loan is a loan that’s guaranteed by the U.S. Veterans Affairs – it doesn’t actually come from the VA. Having the VA’s guarantee on these loans allows lenders […]
If you’re a first-time buyer who’s looking for a condo for sale in downtown LA, you’ve probably read all kinds of first-time buyer advice, tips and tricks, and other guidance – and some of it probably hasn’t been as helpful as it could be. This guide to buying your first condo in LA isn’t like […]
