Types of Buyers You’ll Run Into When You Sell a Condo in DTLA

When you sell a condo or loft in DTLA, you’ll run into a handful of buyers that will most likely fall into one of these categories:

The all-cash buyer
The window shopper
The bargain hunter
The ready to buy, qualified buyer

Buyer Type #1: The all-cash buyer

The all-cash buyer doesn’t have to worry about financing falling through – he or she already has the money on-hand to buy your home. That’s great news, because you don’t have to worry about it either; when this buyer commits, you’re good to go.

Cash buyers may ask you to make more concessions, though, or might offer less than your asking price. It’s up to you whether you accept the terms the all-cash buyer offers, but talk to your real estate agent before you make any big decisions.

Buyer Type #2: The window shopper

Sometimes people come to see homes with no intention – or ability – to buy one now. Most often, you’ll see these buyers at open houses, but you might have to vacate the house for an occasional showing for a looky-loo.

Buyer Type #3: The bargain hunter

The bargain hunter is looking for a reason to offer you less than your asking price on the condo or loft. He or she also wants to make sure you disclose everything (but don’t worry – your agent has your back and will make sure you know how important disclosures are).

Related: What is an as-is home?

Buyer Type #4: The ready to buy, qualified buyer

This is the buyer you want – one who’s ready to buy now, and is qualified to do so. When you get this buyer interested in your home, talk to your agent about any concessions you should make – this is the one!

Are You Buying a Loft or Condo for Sale 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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