I think Craigs list can be a useful website. I use it for listings and open houses. Though I have to say when I ask what site brought someone to an open or to make a phone call I have actually yet to hear " Cragislist" as the answer.
But as they say Free advertising is well free...... more
The Evo Condominium complex is certainly a very desirable place in downtown LA, however, from an investment point of view I doubt if anyone can tell you when and where this market bottoms out and what the appreciation rate will be thereafter for properties at Evo-South. It would be safe to assume that the recovery rate and appreciation in prices will be lower than what we saw after 2001.
That being said, there is great emphasis on redeveloping the downtown area. Some of the redevelopment activity had already started before the present crisis. As a long term hold it will make sense to invest. But you must consider what alternative investment opportunities you have now that could be viewed less riskier and bring you a higher rate of return in the forseeable future.
Off course, any price quoted in this market may be negotiated. If I am not mistaken, there is still inventory at Evo-South.
Certified Commercial Investment Member
United America Realty
The Vista Montoya Condominiums, just west of the Harbor Freeway, are FHA approved. They are located at 1425 W. 12th St., between Olympic Blvd. and Pico Blvd., between Valencia St and Albany St. Some units are apartment-style condos, with distinct rooms, some are 926 square foot loft-style condos. I lived there myself from 1984 to 1991 in a loft unit and liked it very much. Stephen May... more
I think market will improve in 3 years from now!
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Your termite report is broken down into two sections, 1 and 2. Section 1 is work that is required and Section 2 is recommended to avoid future infestation. If the seller has agreed to pay for section 1, but Section 2 is loaded with recommended repairs, most lenders will require both to be clear, that's because the cat is now out of the bag. Termite report are not required in order to get financing with the exception of VA Loans. If your Agent didn't ask for a Termite Report in the first place with Section 1 clear, we as a lender wouldn't require it. By signing a Waiver, you are removing that item from the purchase agreement from the contract. Is that what you want?... more
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