If you’re looking for a home before the holidays, there’s still time – and you might even still have time to unpack before you welcome carolers to your front door.
Sure, the process of buying a loft or condo in DTLA can take a long time… but with these tips, you can purchase a home before the holidays.
3 Tips to Buy a New Condo or Loft Before the Holidays
First things first: Get preapproved for a mortgage. That’s the very first thing you should do when you want to buy a condo fast. You may have better luck with a local lender, too – talk to your real estate agent about your options if you’re shopping local banks. Then:
- Get all your documents in order
- Find an agent who cares about your needs
- Think about shortening contingency deadlines
Get All Your Documents in Order
For your mortgage, you’ll need:
- Your federal tax returns (from the past two years)
- W-2s and other tax forms (also from the past two years)
- Two months of bank statements, retirement accounts and other assets
- Pay stubs from the last three months
Find an Agent Who Cares About Your Needs
Start searching for a real estate agent who knows you want to buy a home quickly. With the right agent, you can find and tour condos and lofts all over DTLA to find exactly what you need.
Think About Shortening Contingency Deadlines
Don’t waive an inspection or financing contingencies, but do think about asking the seller to shorten the time frame on those contingencies to get to your closing date faster. Be realistic, though. (Your agent can guide you!)
Are You Buying a Loft or Condo in DTLA?
Call us at 213-254-7626 or get in touch with us online to start exploring your options when you want to buy a loft or condo in downtown Los Angeles.
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