September 2014

There are 1 blog entries for September 2014.

Buying a fixer in Los AngelesNo matter the situation, every buyer wants a deal. I use the word "deal" subjectively, since a deal to one buyer may not be a deal for another. When purchasing a home, one approach to getting a deal is to buy a turnkey home in area that has not yet gentrified (In Los Angeles, think parts of Echo Park and Highland Park). While you will get more bang for your buck being an urban pioneer, the huge financial upside of this approach is lost if the neighborhood does not turn the corner. Buying a fixer in an established area like the Hollywood Hills, Beverly Hills, or Bel Air is another way buyers can find a deal (and build immediate equity) in the current real estate market.

In today's market, fixer properties are highly desired by both developers who want

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