Most likely the biggest problem is the down payment as you are competing with buyers who have a lot more skin in the game. What would you do as a seller if you had equal offers, one with 3.5% down and one with 20% or more?... more
Interesting question you have posted here. I am a bit confused by your question. More specific details are needed without assuming things here. Depends on who is the owner here? Are you thinking the actual owner or are you thinking of a Bank foreclosing ( This is a common mistake people make, so that is why I am asking). Assuming you have been making payments but your Landlord has not been making his payments. Now the Bank or a lien holder wants to foreclose and the new owner will want to someone else?
First of all, Do you have a written agreement with your current Landlord regarding the Rent to Own? Obviously there is more to this story. Here is what I recommend to you, get off of here and Contact a Real Estate Attorney immediately. Realtors cannot give you legal or Financial advice. You may have rights. Email me on what the Attorney advises you or if you need a referral for a Real Estate Attorney.
I sincerely Wish you luck.
Head Of Short Sales Department KW Encino.
It is possible to obtain financing with your figures and there are properties in your price range, however you must be ready (pre-approved and have money ready).
Also you must be ready to be agressive & able to execute quickly as most of the properties in this price range sells very quickly and usually have multiple offers.
Hope this info will help you!
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They are cleaning it up, but often they are doing it by providing housing and services to these unfortunates. It is not gentrifying in the traditional way most people might think, but it is improving the lives of those who depend on the services in the area.
The Little Tokyo Lofts however, border here is a great complex once you get past the security gate. The units are nice. Lots of amenities, and generally inexpensive compared to other parts of Los Angeles.
I would be happy to assist you. Thank you.
Richard "RJ" Kas (SFR, SRES)
"Representing the finest properties from Los Angeles worldwide"
KAS Properties - Coldwell Banker Previews International - Beverly Hills South
166 N. Canon Dr, Beverly Hills, CA 90210
310.859-5334 office - 310.488.9826 mobile - 310-278-4934 fax ATT: RJ
RichardKas@gmail.com - www.RJforLA.com - DRE: 01352771
Sellers Buyers Investors Leasing Consulting... more
Thank you for the question and allowing me the opportunity to provide you with service . I have several clients currently looking to buy in Downtown Los Angeles . I provide them with information on short sales , Bank foreclosure, and most importantly pocket listings . I provide them with a free daily and weekly report on available properties currently on the market.
Billy , if you like i would be happy to provide you with similar information ..
It is very possible to buy DTLA for under 250k but you must be pre-approved and ready to move quickly when it hits the market. Recently a beautiful loft hit the market for 180k and it went into pending in a very short time period.... more
I am a certified relocation agent with Prudential California Realty. You may contact me, letting me know the details of your search. Neighborhood in LA you are looking into, single family home or apartment , and price range.
You don't need more then one agent. What you should do is make offers based on the past 6 months comps and what you truly feel it's worth based on other similar homes you have viewed. Bidding wars are rampant in my area this spring so it could just be that there are other more attractive offers or maybe your offer isn't strong enough. I would have a conversation with your agent to discuss your concern.
Hello, first and foremost you should be asking your Realtor these questions. They should be the one providing you with all these many questions. Also try contacting the Los Angeles County Rent Control Board, they can answer most of your questions too.
This website should help you also:
Have a great day,
Heather Paul, Broker Associate
Coldwell Banker... more
If you are referring to Cedars, its under 4 miles away
Please let me know if you have further questions, or would like to schedule a showing.
Susan Bo'ur Realtor