Market Predictions for the 2nd Quarter of 2017

Market Predictions for the 2nd Quarter of 2017

Maple Navarro

  • By February, we have what we call the pulse of the market.
  • However, since there has been an administration change, it has seems to have put some uncertainty into the market.

BUYERS:

  • If you are a buyer, interest rates are going up so it’s a no brainer for buyers because interest rates are going up.  Right now is a good time to buy before the interest rates rises even more.
  • Maybe this year or next year, we’re going to possibly cross the five percent mark. But for certain interest rates are rising and so it will cost more to buy in the future so buyers should buy now.

SELLERS:

  • The question that sellers will have is whether they should hold out or wait. Since interest rates are rising, buyers are going to have less money to spend because it will cost more to buy the same amount. Buyers are going to be a little bit more conservative. The market prediction is that it’s a good market for buyers and it’s a good market for sellers in the second quarter of 2017.

 

 

What is a 1031 Exchange?

What is a 1031 exchange?

The 1031 part of it refers to tax code and it means that you can sell a property and have the benefits of not paying as much tax as you would with a normal transaction.

If you are a married couple in California and you sell your primary residence, the home that you lived in that you’ve lived in for two years, out of five years, you can have five hundred thousand dollars tax-free.

If you’re a real estate investor and you buy a 10-unit building, you own it for five years and it’s not your primary residence, you paid 6 million for it and then you sell it for 7 million five years later so there’s a million dollars profit. Normally you would pay tax on that but what a 1031 exchange allows you to do is not pay tax on this because you’re going to roll it into a like-kind property in the next three to six months.  You identify another property, you buy it and then you don’t need to pay taxes.

A 1031 exchange means you exchange one property for a like-kind property in a set amount of time without having to pay the tax on it.

Maple Navarro Real Estate Website

Please check out Maple Navarro’s new website www.dtlacondos.wixsite.com/maplenavarro!

It’s another new way to check out what’s going in Downtown LA and what Maple Navarro’s current projects and accomplishments are!

Just Leased Ten50 Grand Condos Unit 1506!

Just Leased by Maple Navarro! Ten50 Condos Unit 1506

 

Just Leased by Los Angeles Realtor® Maple Navarro! Ten50 Grand! 1050 S. Grand Ave. Unit 1506 LA, CA 90015 $2,975 a month!

Realtor® Maple Navarro represented the tenant! 1bd, 1ba 705 sq. ft

  • Negotiating prices
  • Facilitating the lease process
  • Informing clients of move in procedures of the building
  • Showing clients lofts and apartments to their specifications 
  • Accompanying clients during move in inspections 
  • Scheduling showing appointments
  • Putting together complete and thorough lease applications

Ten50 Condos is one of the newest condo buildings to open in South Park!  The building has great amenities.  It has a pool and amazing sundeck with a view of the skyline of Downtown LA.  There’s also a fitness center and outside yoga deck, concierge and drone delivery.  Ten50 has a screening room, dining area and a lounge.  Live in one of the most modern condos in Downtown!

Please call Maple Navarro at (310) 430-1949 to see more great condos in Downtown LA! Calbre#01924421 Greenstone Properties

Email: laleasingandsales@gmail.com #leases #dtlaleases #forrent #rentdtla #dtla #downtownla #rentdowntownla #rentals  #ten50condosforlease #ten50condos #ten50  #realestateagent #realtor #letsfindyourdreamloft #letsrentyourloft #rentlosangeles #rentLA

 

Just Leased! Elleven Unit #508!

Just leased by Maple Navarro! Elleven Unit 508!

Just Leased by Los Angeles Realtor® Maple Navarro! 1111 S. Grand Ave. Unit 508 LA, CA  90015 $2,400 a month! 1,040 sq. ft. “Let’s Find Your Dream Loft!”

Realtor® Maple Navarro represented the tenant!

 

 

 

 

  • Negotiating prices
  • Facilitating the lease process
  • Informing clients of move in procedures of the building
  • Showing clients lofts and apartments to their specifications 
  • Accompanying clients during move in inspections 
  • Scheduling showing appointments
  • Putting together complete and thorough lease applications

If you are looking for the condo loft experience that is sleek, cosmopolitan and luxurious with world-class entertainment at your fingertips, Elleven Condo Lofts building is the place to be!

 

Please call Maple Navarro at (310) 430-1949 to see more great condos in Downtown LA! Calbre#01924421 Greenstone Properties