Well that depends upon you and your situation. Condo prices are down now and so are interest rates. These are a couple of reasons why you might want to buy. The money you are paying now is not purchasing anything for you, the way a mortage will help you purchase a home. There are also tax advantages to owning property. Just a few things for you to consider in making this decision.
Another thing to add is that no one can predict the future of the market. Right now there is more up in the air than there is set in stone, so making a prediction will be very hard to do until some of these banks figure out what they are doing and how they are going to get the best of us in the coming months.
90012 is a great area, so close to Chinatown, Downtown L.A., Dodgers Stadium, Elysian Park.
There are great condos for sale and up for grabs in this zip code.
Most condos are on the top of the hill with views!
Owning a home has so many advantages. Buying a Home/Condo Now is a great idea. Interest Rates are still so low.
It is a great time to buy! here are some reasons to buy a home now:
Record low interest rates
Highly motivated sellers
Affordability at an all-time
currently, I have a townhouse listing in 90012: 3 bedrooms, 2.5 baths, trilevel townhouse with views of downtown skyline and Dodgers Stadium.
good luck in buying!
Keller Williams Realty
It all depends on you situation. Also, will this be all cash or will there be financing? You will need to figure out what program you will qualify for, being owner occupied or investor owned. Always happy to assist.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills East
9388 Santa Monica Blvd, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-273-0670 fax ATT: RJ
RichardKas@gmail.com - http://www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting
A decision only you can make based on your finances, wants, needs, lifestyle, duration of stay, etc.; consider consulting with any qualified loan officer(s) regarding mortgage qualification, loan products, etc., so that an informed decision can be made.