Corey Chambers Real Estate Newsletter March 2021 SoCal Home


The Luck Month  |  Children's Hospital Los Angeles

Your Referrals Help the Kids   #realestate #news #socal

Corey Chambers SoCal Home Real Estate NewsletterCorey Chambers SoCal Home Real Estate Newsletter

The Lucky Month

All I can say is WOW! I am sitting here at my computer thinking of how grateful I am for the value so many, like you, bring to my real estate business, looking out my home office window and the skies are blue. Spring is here and we can be thankful of our wonderful Southern California weather.   |   Blog Video

For many across this great country it’s still freezing COLD and snowy! We in the Greater Los Angeles area never see a snowflake all winter long unless we decide to go on a ski trip. It very well could be super stormy or drought dry today here (but it’s not). One thing is for sure, it’s a lucky month as West L.A. homes sales boom and Downtown prepares to re-open for business.  #coreychambers

Just like the weather seasons come and seasons go, so do the seasons of life. I’m sure you have noticed, as I have, the older I get the faster the seasons move by. These “seasons of life” go by so fast, my hope is that you enjoy each one or at least grow from each one. Yes. Some of life’s seasons will be HOT and others will be COLD, some high and some low. The lows we want to move by quickly, the highs we want to stay in forever.

Seasons of LifeSeasons of Life

So, what does this have to do with you or your home or real estate? 

Well, spring is a time of action, people busy trying to get things done they could not do during the winter months. Sort of a renewing of the mind, spirit, of many things GOOD! Hopefully this special season will bring awesome happenings your way as your year unfolds. Wouldn’t it be great to simply just grab your favorite book along with your favorite lounge chair, set it right down in your favorite spot somewhere, outside or next to your window, while looking out on a beautiful Spring day and simply ‘RELAX”. Yea, that would be nice. My hope is that you will get to something like that on more than one occasion this Spring. Really enjoy the place you call home! The NEXT season will be here before you know it.

Unfortunately, there are some that will have a Spring Time they would much rather forget. Like it says in the Seasons of Life, with all the beauty this time of year brings, there is also the ugly for some. Just down the street from where I am typing this, Children’s Hosptial Los Angeles has a full house of kids fighting for their lives. For them and their families, the Ground Hog seeing or not seeing its shadow is the furthest thing from their mind. Don’t get me wrong, these families long to see their kids out in the yard playing or riding their bikes – but for now, they are praying this Spring will be a season of healing.

Your Referrals Help the Kids…

As you may have heard, Children’s Hospital Los Angeles is front and center in the fight against nasty diseases that destroy or cut short the lives of children. We are thankful to have such a wonderful facility close by, doing such great work to help heal and save young people. Even though we are eager to enjoy Spring, others are simply hoping they can be here to see it. This is why we here at the Corey Chambers Team have resolved to do what we can to help.

As you know Children’s Hospital depends on sponsorships and donations to help in their work to heal and save the kids. So we have pledged to donate a portion of our income from home sales to Children’s Hospital Los Angeles. Our goal is to raise $25,000 (we have already raised over $3,500) to help them in their quest to heal, save, cure and comfort children under their care.

This is where you can help…

Life moves fast for some and we are eager to make the Home Selling or Home Buying experience a smooth and rewarding one. Over the last 15 years of helping thousands of home buyers, sellers, landlords and renters, we have met some wonderful, loving, caring people. People like you!

For anyone considering a move that we help, you can rest assured that not only will they get the award-winning service we are known for, but that a portion of the income we receive from the transaction will go toward a very worthy cause.

Your Referrals Really Do Help the Kids…

I want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options: 

You can go to www.ReferralsHelpKids.com and enter their contact info on line or forward the link to who you know considering a move. 

Of course you can always call me direct as well at 213-880-9910.

You and your referrals mean more than ever to my team and me. As we move forward in this new season, please know we are extremely thankful for you being a special part of our business.

With all my appreciation.

P.S. The story of this young person enclosed may cause you to look at your loved ones differently. It did me. Check it out.

It’s easy to refer those you know considering buying or selling a home. Here are the options again:

You can go to www.ReferralsHelpKids.com and enter their contact info on line or forward the link to who you know considering a move.

Of course you can always call me direct as well at 213-880-9910.

Why I Support Children’s Hospital of Los Angeles

I grew up right here in Los Angeles. Born right nearby at St. Francis Hospital. I remember when I first heard about a young person close to our family suffering from a nasty disease and getting treated for that at Children’s Hospital Los Angeles. It was then that I began to pay closer attention to the work they do at that hospital. Since then, I have learned that it is a collection of hard working health care professionals, most making their home right here in the Los Angeles area, all coming together for a common cause. That cause is to help young people over come unfortunate health issues that life sometimes throws our way. Being a Los Angeles area, California native, I take pride in supporting in any way that I can the good work these people do at Children’s. My team rally’s around our annual goal of raising money and donating portions of our income to help Children’s in their quest to heal young people when they need healing. My team and I are committed to providing outstanding results for buyers and sellers referred to us by our past clients. I have discovered that Children’s Hospital Los Angeles shares similar commitments to their patients. And since their services survive on sponsorships and donations we are happy to contribute and proud to support them.

Sincerely,

888-240-2500

Your Home Sold GUARANTEED or I’ll Buy It* Corey Chambers 888-240-2500

Referrals help the kids at Childrens Hospital Los Angeles

A Preemie’s First Year: 12 Months of Worry

By Jeff Weinstock  |  A preemie bingo card is not one that any parent wants to have success filling up, but as darkly humorous recreation it served its purpose for Josie. She found it posted on an Instagram account by a fellow parent of a preterm baby and decided to play.

“It was like all the different things that can go wrong with your preemie,” she says.

Once she was done matching the squares to her son Lincoln’s many maladies, there was hardly an empty box left.

“I think we had like five bingos on there. Not everything that can go wrong, but most of it.”

Classified a micropreemie because he was born at 25 weeks—any earlier than 26 weeks earns the designation—and weighing only 2 pounds, Lincoln has faced a string of serious conditions. His need for expert, comprehensive treatment led Josie and her husband, Josey, to transfer Lincoln to Children’s Hospital Los Angeles in fall 2019, where he has been receiving care across several divisions, including NeurosurgeryPulmonologyCardiothoracic Surgery and Neurology.

“I feel like there’s been 12 months of worry,” Josey says. “I said to my mom early on, ‘I just want the worry to stop.’ And she said, ‘Oh, honey, I’ve been waiting 35 years for that.’”

Fixing the brain’s plumbing

Within hours of Lincoln’s birth on Sept. 5, 2019, the many perils associated with prematurity began to surface. He was found to have an intraventricular hemorrhage—bleeding in and around the brain’s ventricles, which contain the cerebrospinal fluid. The bleed can impede the flow of the fluid, causing a surplus to build up in the ventricles, a condition known as hydrocephalus. That overload of fluid puts pressure on the brain and can harm its development.

CHLA neurosurgeon Peter Chiarelli, MD, says he monitored Lincoln intently but didn’t act straightaway as Lincoln’s system was absorbing almost all the fluid his brain was manufacturing, so the excess took time to collect and show itself. “The presence of hydrocephalus was very subtle,” he says. “It wasn’t apparent until months were allowed to pass.”

At a visit in January, the indicators began to coalesce. An MRI showed that the surplus fluid was mounting, and in five weeks the growth of Lincoln’s head size had begun to accelerate, a sign his skull was trying to accommodate the increased pressure.

Plus, some anecdotal evidence weighed in. The family reported that Lincoln’s eyes would occasionally drift downward, more warning that the brain was under extra pressure. With that, the decision was made to move ahead with a procedure to divert the spinal fluid.

“Even though it was a lot to take in,” Josie says, “we knew the facts were clear. This is what he needs, this is what we’re going to do.”

In June, Dr. Chiarelli placed a drainage system, called a shunt, into the ventricles of the brain to siphon off the excess spinal fluid, which would then be emptied into the abdomen, where it could be reabsorbed. The pressure inside Lincoln’s brain returned to normal.

“Everything else in his body stayed completely in balance,” Dr. Chiarelli says. “It’s basically solving the brain’s plumbing problem.”

The shunt will stay put, continuing to drain excess fluid from the surface of the brain and grow as Lincoln grows. “That same shunt can support him at adult size. He’ll check in with his neurosurgeon once a year to make sure everything’s OK. If everything’s going well, it’s a quick visit.”

A sleep study disappoints

The brain bleed was unfortunately only one of two bleeding episodes Lincoln experienced. A day after his birth, he suffered a rare, frightening pulmonary hemorrhage that caused blood to stream out of his nose and mouth. Doctors were able to arrest the potentially fatal event, but it left a mark.

“We sort of knew it set us up for a longer-term pulmonary journey,” Josie says.

With preemies, intubation usually follows right after birth, to provide sufficient oxygen that their inexperienced lungs can’t deliver. At about a month old, the tube was removed from Lincoln’s airway and he began taking oxygen through a nasal cannula. Once needing it 24 hours a day, Lincoln now wears the cannula only when he sleeps.

His parents hoped that an overnight sleep study done in mid-September would show that Lincoln was able to stay oxygenated while asleep so he could stop wearing the nasal cannula altogether, but with 90 minutes remaining and his oxygen level falling, the cannula had to be reactivated.

“Given his degree of prematurity, it’s not entirely unexpected that he would continue to need oxygen,” Lincoln’s pulmonologist, Mark Selleck, MD, says. “We have children who need oxygen as late as 2 years. It’s disappointing for the parents, but it’s not surprising. He just needs to grow a bit more.”

Dr. Selleck says there will be some lasting impairment from the lungs’ underdevelopment, but it’s unlikely to be significant.

“Will he become an Olympian? Maybe not. Will he be able to play a good game of racquetball? Can he participate in sports and do all the things the rest of us do? Probably.”

A hole in the heart

A blood vessel called the ductus arteriosus caused more trouble for Lincoln. While babies are in the womb and drawing on the mother’s oxygen, the ductus arteriosus carries blood away from the inactive lungs, which are still developing, and sends it straight down to the aorta, optimizing fetal circulation.

After birth, the vessel should naturally seal up. Lincoln’s remained open, creating a doorway between the heart’s two main arteries—the pulmonary artery going out to the lungs and the aorta, which serves the body—where there should not be one, an abnormality called a patent ductus arteriosus (PDA). Blood meant to go out through the aorta to nourish the body flows into the lungs. Hence the condition’s informal name: a hole in the heart.

In preemies like Lincoln, cardiologist Patrick Sullivan, MD, explains, the ductus is more likely to stay open because, by its timetable, it’s still needed.

“It wasn’t meant to close until later in gestation,” he says. “They’re not supposed to be outside the body of their mom, right?”

The influx of blood forces a newborn’s lungs to work harder while depriving other organs of their portion.

“It places babies at greater risk for brain injuries, kidney injuries,” Dr. Sullivan says. “All of these organs can be compromised by having a ductus siphoning blood away from them.”

Weeks of medication failed to close Lincoln’s PDA, which began gaining in size, so Dr. Sullivan intervened. He had the benefit of a new device called a Piccolo Occluder specifically sized to close PDAs in premature babies. A catheter is entered through the groin and threaded up to the heart. Once at the blood vessel, the doctor releases the device—a plug that gets laid atop the vessel and caps it.

After a year of monitoring, if the plug is still functioning successfully, the issue is considered cured. Eventually, the once-troublemaking blood vessel goes away. “There aren’t really any problems that you anticipate developing after a year,” Dr. Sullivan says.

The post-op cardiology visits have been the least worrisome, Josey says. “They do an EKG and a little ultrasound, and then they say, ‘Yes, looks good.’ Those are our favorite appointments.”

Signs of seizure

In mid-August, Lincoln’s parents noticed he was repeatedly turning his head to the right.

“It seemed like something he couldn’t help,” Josey says. “He brought his hands together like he was trying to console himself, then he would come back to the center and look at me. But he would just keep turning his head to the right.”

That observation was enough for neurologist Andrew Ng, MD, to make a determination.

“A lot of times we don’t have the benefit of seeing the events, so we go off the history,” Dr. Ng says. “Based on the description, it sounded like a seizure. And if it sounds like a seizure, we treat it as a seizure.”

He started Lincoln on anti-seizure medication but had to switch it up a month later when Josey and Josie’s watchfulness led to a second abnormal finding. They saw that Lincoln had begun to let his head droop and was smiling less. Was it simply a negligible change in mood, or a sign something aberrant had occurred?

A six-hour video EEG, which allowed Dr. Ng to observe Lincoln’s behavior, unfortunately proved it was the latter. This time the diagnosis was infantile spasms, an epilepsy syndrome associated with early childhood.

Dr. Ng replaced the medication he had prescribed to deal with Lincoln’s initial seizure with one that he says can handle both.

This need to keep a trained eye on Lincoln’s demeanor can put his parents in a hard position, trying to discern an insignificant gesture from a notable change in behavior. Consider the puzzle they face with drowsiness, which can be an alert for seizures or a malfunctioning shunt.

“You don’t want to always be thinking that, oh, he’s drowsy, therefore there’s some terrible thing happening, because people get drowsy,” Josey says.

“Yeah,” Josie follows up, “maybe he just ate a big breakfast.”

Dr. Ng says it’s something they will become more attuned to as they continue to live with the specter of seizures. “It’s not like the skin, where if you have a cut it heals up. We’re born with all the neurons we’ll ever have. Unfortunately, this is not something the brain can outgrow.”

Prospects and promises

Shortly outside a year since he was brought to CHLA, Lincoln’s care now focuses on his development. He’s working with therapists on his motor skills, speaking and cognitive function, all of which are lagging. It’s unknown how much catching up he can do, and to what extent the effects of prematurity, particularly the initial brain bleed, will obstruct him.

“We don’t know what that might mean for him going forward,” Josie says. “We’re going to keep pushing him toward all the milestones, and we’ll figure out what his prospects are as we go along.”

The only hard cap placed on his potential precludes him from ever becoming an astronaut, a consequence of the shunt. “If that’s his limitation, to stay on Earth, then I suppose it could be worse,” Josie says.

There have been victories, too, recorded dutifully by his parents: feeding himself with a spoon, sitting up for longer stretches of time, his first utterances.

“For the first time, he’s almost on the growth chart,” Josie says. “He’s in the 1st percentile, which for us, we’re like, ‘Yeah!’”

She recalls the first time she got to see Lincoln, after he had been rushed off to intensive care right after birth. She could talk to but not touch him.

“He didn’t look like a normal baby. He was hooked up to so many monitors, and he had the breathing tube down his throat. And he had a little mask over his eyes because he was having the blue-light treatment for his skin. I saw him and I cried. And I said something like, ‘I love you and I’m your mom.’ Then I paused and I said, ‘I don’t really know what to say yet, but I’ll get better at it.’ And then I told him about a lot of things. I told him, and I remember I needed to tell him in that moment, I said, ‘It’s not supposed to be like this, and it will be better. I promise.’”  Story and photos courtesy Children’s Hospital Los Angeles.

How you can help

To help kids just like Lincoln, refer a friend at www.ReferralsHelpKids.com or call Corey at 213-880-9910.

Find out how much the home down the street sold for. Get a free list of lofts, condos or houses that sold nearby recently, with photos and prices, as wells as currently listed homes.  Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale      Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449  Story and photos courtesy Children’s Hospital Los Angeles. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.  Children’s Hospital Patient Story and photos copyright Children’s Hospital Los Angeles.   |   Blog Video

Studio Lofts and One Bedroom for Rent in Downtown Los Angeles Historical District


Loft Blog Reader Questions

To find out what is really happening in urban L.A. real estate, the readers of the Loft Blog are the experts at what everyone needs to know. Here are today’ reader questions: 

Q: I’m looking for studio lofts or one bedroom for rent in Los Angeles Downtown Historical District. Where can I find LA Unlisted lofts new pocket listings? A: Thank you for your request on the L.A. Loft Blog. Use the L.A. Unlisted Lofts New Pocket Listings Request at https://laloft.wufoo.com/forms/r1soyr1r1g8l5ws/. |  Blog Video

To expedite your request and get additional assistance in finding the most amazing lofts and best deals, complete the rent criteria form, then pay $29 for the premium Loft Blog subscription. This guarantees savings of $500 or more, with a 100% Satisfaction Guarantee.

RENT SEARCH CRITERIA FORM
https://laloft.wufoo.com/forms/r1hkkmvz1uf82u8/

After you have paid, please call me so that I may take down your search criteria, send you the properties that match what you are looking for, then show you several places 213-880-9910.

Q: Looking for a 1000+ sq ft art (painting) studio in LA. Live work possible if studio big enough. High ceilings, good light. A: Thank you for your request.  Live Work lofts are at 

http://www.laloftblog.idxbroker.com/i/livework-lofts-downtown-los-angeles-for-lease-2

Here’s more information about what we provide in the paid tour or premium subscription:
http://www.LALoftTour.com
https://www.laloftblog.com/2020/10/10/loft-blog-la/

Q: Where can I find live work lofts for lease? A: Thank you for your request on the L.A. Loft Blog. Here’s a link to live work lofts:
http://www.laloftblog.idxbroker.com/i/livework-lofts-downtown-los-angeles-for-lease-2

Please complete the rent criteria form, then pay $29 for the premium subscription, which guarantees savings of $500 or more.  100% Satisfaction Guarantee. 
RENT SEARCH CRITERIA FORM https://laloft.wufoo.com/forms/r1hkkmvz1uf82u8/

After you have paid, please call me so that I may take down your search criteria, send you the properties that match what you are looking for, then show you several places 213-880-9910. 


Q: I am a fine art painter, illustrator and design garment art with two start up’s in LA. After years of being a full time artist in the U.S. Virgin Islands and the beach towns south of LA, it’s time to step into the art community of Los Angeles. Where can I find loft rental tour information?

Get a free list of off market lofts and pocket listings. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Los Angeles Real Estate Top 10 Downtown Loft and Condo Topics


Houses with Character

Due to long term market cycle, along with virus hysteria and lockdown hysteria, Downtown L.A. loft condominiums have recently been going down in price while suburban single family homes have been increasing in price. Here are resources to help find a house with amazing character:

LOS ANGELES HOMES FOR SALE WITH LOFTY CHARACTER

Top Ten Topics in LA Urban Real Estate Today

Mills Act Downtown Los Angeles 3,995 Views

LOFTS FOR LEASE 191 Views

Live/Work Lofts Downtown LA vs. Residential Studio Apartments 118 Views

Buying a Home in Orange County 109 Views

Warehouse Lofts For Rent 107 Views

2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale 77 Views

Dramatic Revelation: Luxury Tent Mansions of Skid Row #homeless #luxury 75 Views

Get a free list of new houses with lofty character in Los Angeles. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Mills Act Downtown Los Angeles, Lofts For Lease and Luxury Tent Homeless Mansions Revealed


Mills Act Downtown Los Angeles, Lofts For Lease and Luxury Tent Homeless Mansions Revealed

Lofts for lease include penthouses and more affordable artist lofts in Downtown L.A. #loftsforlease

REAL ESTATE NEWS

While DTLA continues to bear the brunt of virus panic, hysteria and lockdown, home buyers, sellers, renters, landlords and investors want to know what is really happening in the city. Here’s the newest top ten list to show what Loft Blog readers are thinking and doing:

Top 10 Topics in Downtown Los Angeles Lofts Today

Mills Act Downtown Los Angeles 3,599 Views

LOFTS FOR LEASE 170 Views

Dramatic Revelation: Luxury Tent Mansions of Skid Row #homeless #luxury 123 Views

Live/Work Lofts Downtown LA vs. Residential Studio Apartments 116 Views

2-Story Condos, 2-Level Lofts with Mezzanines in Downtown Los Angeles Homes For Sale 96 Views

Buying a Home in Orange County 88 Views

Warehouse Lofts For Rent 74 Views

Get a free list of affordable artist loft listings in Downtown Los Angeles. Fill out the online form:

Extreme live/work activity at 4:00 AM at Alta Lofts Los Angeles #affordable #artistlofts

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Buying a Home in Orange County


In the Greater Los Angeles Area, Orange County, California has long ranked as one of the top metropolitan areas in the world for economic activity, standard of living and family life. As the trend has changed from urbanization to suburbanization, more are fleeing the dark winter of urban blight, seeking the suburban safety of The OC.

ORANGE COUNTY HOMES FOR SALE |  UNLISTED HOMES |  SOLD

Beaches, more beaches, Disneyland, jobs and more jobs. 

With less pollution, less noise and fewer crowds, Orange County offers some of the best schools, city colleges and universities. South Orange County spearheads the frontier of sprawling new home construction, development and growth. 

THE HOTTEST OC NEIGHBORHOODS

Homes selling the fastest this week include single family homes in the $1.3 million to $2.2 million range in the neighborhoods considered to be safer, such as these cities where homes have recently sold almost instantly, within 1 day of being listed for sale: Irvine, Newport Beach, Corona Del Mar, Dana Point, Aliso Viejo, Seal Beach, Buena Park, Rancho Santa Margarita, Fountain Valley, San Clemente, Laguna Hilla, Villa Park and Laguna Beach. Many homes sell before they are ever listed.

Get a free list of Orange County off-market homes for sale, pocket listings and unlisted homes. Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Escalation Clause

Buying a Better Home for a Lower Price

When a home buyer is willing to pay more for a home, but prefers to offer less without the risk of losing the home to other offering buyers, an escalation clause is just the ticket. Getting a dream home for a lower price requires advanced strategies to increase the buyer’s chance of getting the property, while saving as much money as possible.

Escalation Clause

Home buyers often prefer to start looking first at the lower priced homes because they want to see the best possible deals. Buyers want a good deal, so they will check out the bargains to see if they’re attractive, and they can always go see higher price properties, and offer more later if necessary. Buyers can sometimes find money to go up in price if the cheaper properties are too much of a compromise. But they never want to waste money by offering too much. #escalationclause #millsact |  Blog Video

When a buyer finds a property they like, additional items sometimes included by more advanced buyer’s agents in the offer are: Letter to seller (often called a Love Letter), letter from a reference, escalation clause (based on the buyer’s agent conversation with the listing agent), appraisal clause, inspection (advanced agents will make sure it is focused on safety and health), post occupancy, also based on a conversation with the agent.

The escalation clause is often used in today’s market because the good deals go very quickly, often with many competing offers from other buyers. This is especially true in the safer, suburban neighborhoods.

Here’s an example of what an escalation clause may look like:

Purchase price to be $400,000, unless the seller receives a higher offer from another buyer; in which case, this offer shall automatically escalate to $2,000 above the other buyer’s offer, to a maximum of $500,000. If the seller accepts the escalated offer, the seller shall provide proof the higher offer from the other buyer.

A more comprehensive example might look like this:

During the period that the initial offer remains open, should the Seller receive an executed written offer from another Buyer (“competing offer”) that is higher than the initial offer, Buyer hereby agrees to escalate his offer by increments of $ 1,500 until such time as Buyer’s offer first exceeds the then-existing competing offer. Buyer’s offer shall not escalate unless and until Seller has received a competing offer that exceeds Buyer’s then-existing offer.
Buyer’s offer shall not escalate beyond a total purchase price of $500,000. Seller agrees that each escalation pursuant to this Addendum shall be deemed a valid offer to purchase the property.
Each time there is an escalation pursuant to this Addendum, the Listing Agent must notify the Buyer’s Agent within one (1) hour of each escalation. If Buyer and Seller agree on a total purchase price pursuant to this Addendum, they agree to execute a Contract at such price, with all other terms of the initial offer remaining the same.
Buyer shall have the right to inspect complete copies of all written competing offers received by Seller pursuant to which there has been an escalation of Buyer’s offer.

Buyers want to offer the lowest amount that they can, and sellers want the most amount they can get; but in a competitive market where there may be multiple offers, buyers may lose out of the home they want if they are outbid by another buyer.

The option sometimes used in today’s hot markets is the escalator clause of a real estate contract. An escalation clause states how much the offer will go automatically above the highest offer received by the seller from other buyers.  It also states a ceiling price that it will not go over.  Besides being a faster ways to negotiate, the escalation clause reduces the chance that a buyer will lose out to a competing higher offer from another eager buyer.

Before using an escalation clause, the buyer’s agent should ask the listing agent if multiple offers have been received, or if multiple offers are likely to be received before the seller choses whom to sell to.

Also, the buyer’s agent must be able to confirm and validate any competitive bids that are received. A down side is that, by including an escalation clause with an offer, the buyer will show their hand as to how much the buyer is willing to pay.  Some sellers may thus raise their expectations of how much they demand for the property.

A few sellers do not like escalator clauses, and may reject them. They would rather have a potential buyer offer their highest and best offer from the beginning.

In addition to powerful tactics in a purchase offer, the buyer’s agent also matters: Advanced buyers agents know that the listing agent would like to know why it is an advantage to work with the buyer’s agent, such as years in the area.  Buyer’s agent may include in the offer reasons why the buyer’s agent will be extra likely to help get the transaction done successfully. The Corey Chambers Team, for example, has the unique ability to make transactions successful because the team gives the buyer a no-risk guarantee, and therefore the buyer is more likely to perform and to be satisfied with their purchase.

Another way to save money on a beautiful home with amazing character, especially in urban areas, is to look at Mills Act historic lofts with savings on property taxes.  Fill out the online form:

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Rowan Building Loft For Lease 460 S Spring St #816


Rowan Building Corner Unit with Views For Lease

460 S Spring St #816 kitchen

L.A. Loft Blog readers are first to be notified of this amazing, corner Rowan Building loft condo unit just listed for lease, with urban style, open-plan, historic character, open space, high ceilings, large mahogany trimmed windows, natural light, city views, is the ideal loft with covered parking space included. Modern kitchen and bath with beautiful park view window and large tub, this is the quintessential urban retreat. 690 Sq Ft $2,350. #rowan #lofts #dtla

  • Rowan Building Unit #816
  • 460 S Spring St #460, Los Angeles, CA 90013
  • 213-880-9910 rowan@entar.com

Historic Core Downtown Los Angeles urban vibe and creative energy. Vibrant Old Bank neighborhood with walkability to countless restaurants, cafes, bars, pubs, shopping, entertainment and transportation. Scavolini cabinetry, Bosch washer dryer in unit, granite counter tops, Toto bathroom fixtures and maple flooring and exposed brick walls. |  TOUR VIDEO |  OVERVIEW VIDEO

The Rowan provides 24-hour guarded lobby with concierge service, an elegant residence lounge, outdoor community patio with BBQ grills, hot and cold spa, chaise lounges, outdoor picnic table, seating and pet area. The building is located next to Spring Street Park, Le Petite Paris, and Kazu Nori. Also Ace Theater, Cliftons, Metro-Red Line (Pershing Square) and easy access to Fwy: 110, 10, 101 & 5. 

For details or to request a private viewing 213-880-9910 or rowan@entar.com or fill out the online form:

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Rowan Building Unit #816 Bathroom with park view

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Buying a Home in L.A.: New Homes and Mills Act Industrial Live Work Space


New park-side luxury townhomes with Downtown Los Angeles view PeakElysian.com

Top 10 Topics include: historic condo units with amazing character, warehouse style live/work lofts, new homes interest list, real estate market property prices and sprawling abodes of the homeless in Los Angeles. |  Blog Video

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Get a free list of Mills Act lofts with property tax benefits. Fill out the online form:

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Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

How to Turn Presidents Day into Your Penthouse


REAL ESTATE NEWS


Whether or not you’ve ever imagined yourself in the White House, you can use presidential power to get your dream home. Here’s how: |  Blog Video

Start by thanking and appreciating President Biden, President Trump and all other presidents. For some, this comes naturally. For others, it’s unimaginable to be appreciative of “the enemy.” For all of us, here’s an opportunity to escape the echo chamber of social media. Think for yourself, for your benefit! Presidents Day is here to remind us, not only of our presidents, but of the power of appreciation. But, how does this help us to get a nicer home?

Most readers of the Loft Blog are in the mindset of appreciating real estate. Many feel the need to move in the next few weeks or few months into an amazing, unique abode of our own. How does appreciation work to move our lives forward for the better? Recognition and enjoyment of the good qualities of something provides us a full understanding of the situation. You can’t catch, grab or carry newer, better things when your hands are full of lesser objects. The same holds true for mental and emotional baggage. When we abandon hate, anger, disdain, condemnation and lesser ideas, we open up the space to receive good fortune. By respecting and properly valuing something, we’re able to toss aside negative energy so that we can fully grasp bigger, more positive opportunities. When we focus squarely on the good things that we want in life, that focal point becomes a sharp, clear-cut attainable goal.

Whether it’s a house with a white picket fence, a top-floor luxury loft penthouse, or the White House, appreciation is a key to open the door of our dreams. By eliminating any and all spite or scorn from our minds, we open up to new possibilities that were previously unattainable. Appreciation of everything — our current home, our presidents of opposing parties — giving recognition gives us more power to balance, visualize and receive a better home and a better life. This appreciation effect grows exponentially when we take action by demonstrating that appreciation. To our past, present, and future leaders: Happy #PresidentsDay 

Get a free list of penthouse lofts and condos in Downtown Los Angeles (Hint: put any neighborhood or special request in the comment box). Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

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Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Industrial Live Work Space, Los Angeles House Inflation Rate, Stagflation and Real Estate Prices


L.A. single family residence home prices went up while inner city condo prices fell in 2020

Real estate markets and the shifting economy are inexorably linked.

Real estate is one of the best hedges against inflation because inflation exerts upward pressure on home prices. We’re now entering a period of stagflation because a significant number of Americans are convinced that shutting down much of the economy can reduce viruses. It cannot. Colds and flu-like illness have always been with us, and shall be for the foreseeable future. Panic, hysteria, exaggeration and overreaction have always caused more harm than good. Shutting down jobs can only reduce wealth, decrease GDP and diminish resources needed for vital needs such as health care, food and housing. In addition to reduced real wealth, stagflation is also composed of money printing and quantitative easing. The federal reserve and federal government have committed themselves to unlimited money printing and unlimited quantitative easing. Their promise of unlimited money supply is a promise of runaway inflation. The dollar has already been crashing in relation to bitcoin dramatically for 11 years. Paper products and building materials have shot up dramatically. Stagflation is a combination of this inflation with the reduction of economic output — reduction of wealth. We’ve been promised more money and less wealth. That’s the stagflation that is now being delivered. How does this affect home prices?

New suburban home prices went up sharply in 2020 because the money supply was dramatically increased at the same time that the public was told to stay safer at home. Home owners were temporarily able to afford increases in the comforts of the single family home: home improvement, add-ons, expansion, new swimming pools, new home theaters, new landscaping, new computers along with more expensive homes. At the same time, most big city urban areas declined in perceived safety, desirability and price. These two trends are expected to continue, but most suburban homes are likely plateau in price around 2021 because the home improvement phase has already been accomplished, going “back to school” is going back in fashion, home prices are relatively high in comparison to GDP, and the overall economy shall face new crises as massive unwinding sets in for many industries. While big cities shall continue to bear the brunt, suburbs shall feel more financial squeeze as commercial real estate, travel, touring, restaurant, retail and other locked down industries realize exploding debt, failures, insolvencies and liquidations.

Q: Where can I find industrial live work space? A: Find lots of information about industrial live work space on the Loft Blog, including prices for sale and for lease.

Get a free list of industrial and warehouse style lofts for sale or for lease. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP] 

  Lofts For Sale      Map Homes For Sale Los Angeles 

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury 
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.