Posted by Monique Balansag on 4/27/20

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Is it still a buyer’s market today in Los Angeles? As
experts in the Los Angeles real estate market, we get asked
this question a lot.

The answer isn’t as simple as yes or no.

The State of the Market for Buyers in Los Angeles
California First off, it really depends on the property
type and location. Single-family homes in great locations
that are priced well have been flying off the shelves.
There’s a lot of demand in the market for certain areas,
while others can seem like ghost towns.

Buyers are often looking for the same thing – good
neighborhoods, access to transportation, shopping, good
schools, close to work, etc. Properties that deliver all
these are definitely a hot commodity. Sellers with a highly
desirable property are in control of the market.

But for condos and townhouses – especially those a little
off the beaten path, or with some funky features – it can
be quite a different story. Prices were down in certain
areas of Los Angeles, but seem to be rebounding as the
rental market increases.

Investment properties are in demand. The massive amounts of
foreign cash flooding in to invest in US real estate have
impacted the market in unique ways.

Overall, those people in a position to pay cash for
properties have been picking up the good deals in the
marketplace.

Lots of sellers are trying out speculative prices just to
see if anyone bites, but most investors are walking away
from deals that don’t pencil out.Sell my house Lancaster

Financing is still a major obstacle for buyers. Banks are
being incredibly strict, requiring lots of money down and
even changing their terms at the last minute. It’s not
uncommon for approved buyers to get their loans pulled
right before closing escrow, although it’s getting better
than it was just a couple of years ago.

Overall the markets remain incredibly polarized – there is
a lot of action at the very top and the very bottom, with
the biggest challenges in the middle.

Sound confusing? It is. But We Can Help. There’s a lot of
shakeup in the US economy still taking place, and the
markets are moving fast in lots of directions at once.

We’re investing in Los Angeles because we believe in the
community and the people here.

If you need to sell a property near Los Angeles, we can
help you.

We buy properties like yours from people who need to sell
fast.

The State of the Market for Buyers in Los Angeles California, 4/27/20, by Monique Balansag.

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