Lafayette Square Mid-City L.A. Real Estate Update
Today, large houses make up the 236 homes in the neighborhood. It is immediately south of Victoria Park, southeast of West Los Angeles (Crestview and Picfair Village) and immediately north of Wellington Square. #lafayettesquare #midcity #losangeles
Most of the original properties have period details, such as Juliet balconies, mahogany staircases and libraries, sitting rooms, stained glass windows, triple crown molding, soaring ceilings, and even 4-car garages.
Can Your Mid-City Real Estate Agent Answer These Important Questions?
Whether you are selling or buying a Los Angeles home, the real estate agent you hire is critical to guaranteeing that you make the right decision. Most agents can walk you through the process and explain the industry ‘lingo,’ but you should expect so much more than that.
The housing crisis made everyone aware that truly understanding the local L.A. real estate market is more complicated than it seems. Today, there are many questions your real estate agent must be able to answer to ensure that you are making the right decision. Here are just a few:
- What impact does the movement in mortgage interest rates have on buyer demand?
- With home prices increasing rapidly, are we headed toward another housing bubble?
- Do you need a 20% down payment to purchase a home?
- Why can’t we list at a higher price and drop it later if necessary?
When you are interviewing an agent to represent you in your next real estate transaction, make sure they can intelligently answer all your questions, while simply and effectively explaining what is happening in the Mid City, Downtown L.A. and Koreatown area housing market.
Get a free list of LaFayette Square, Mid City and nearby neighborhood Homes For Sale. Fill out the online form:
Corey Chambers, Realty Source Inc, BRE#01889449