Can you share some insights into your journey as a real estate broker in Los Angeles and what inspired you to choose this profession?

It started at the age of three, when my mother let me run free-range all around L.A. Area neighborhoods (Compton, Lynwood, Norwalk, Downey, Long Beach and Los Angeles) by myself as a young child. I survived. Now I’m running around Downtown and all over Southern California, helping home sellers, buyers, renters, landlords and investors to survive and thrive in any neighborhood, any market and any economic climate.

How do you think the Los Angeles real estate market has evolved over the years, and what are some current trends you’ve observed?

As the most diverse and creative city, Los Angeles has the third largest metropolitan economy in the world. The local real estate market added a large number of amazing conversion live/work lofts with tremendous character from 2000 to 2012. More recently, ADU Accessory Dwelling Units have become legalized, providing new opportunities for property owners to improve their long-term finances with rental income. Today, prices are lower than they were 5 months ago, giving home buyers and investors an improved opportunity to find just the right home, along with a special deal.

What challenges and opportunities do you see in the LA real estate market, particularly in the downtown area?

The biggest challenges of Downtown Los Angeles real estate include the current price drops, which could possibly dip into negative equity for some owners. Also, the homeless and mentally ill situation is not fully contained, contributing to crime that is higher than many other large cities. The relatively low downtown condo prices present an opportunity to pick up a bargain.

As a real estate expert, can you share your thoughts on the impact of remote work and the pandemic on the residential and commercial property markets in Los Angeles? 

I’m doing more marketing and sales presentations by Zoom and phone, fewer in-person showings. I’ve always communicated my thoughts honestly on the exaggerated pandemic and the ignored downsides of lockdown and forced vaccines. I have also been careful to follow the rules presented by the state, local government, industry and home owners. Remote work is great, but there is not always a replacement for in-person meeting to build strong relationships.

What advice do you have for first-time homebuyers or investors looking to enter the Los Angeles real estate market?

The current market may offer new opportunities in the form of seller carry financing, and extra incentives for cash buyers. Sellers may also offer to help buyers with an interest rate buy-down, and may pay for buyer’s closing costs.

How has technology changed the way you conduct business, and what role do you see technology playing in the future of the real estate industry?

In my 12+ years of real estate, we’ve gone from tall stacks of paperwork to a nearly 100% paperless office. For each property listing that we do, my team provides one or more videos, so that prospective home buyers can see almost the entire home before driving to the property. The internet is empowering home buyers to find more properties themselves, while also helping tech-savvy real estate professionals to provide more information about properties online. The entire real estate process can be done faster, with better communication, saving a lot of time for everyone. 

Can you share a success story or a particularly memorable transaction that highlights your approach to helping clients find their dream home or investment property?

Yes, It’s always a delight when we help a home seller to sell the property much faster, and for much more money. One seller was delighted to receive about $60,000 more than she was asking for, when we sold her Alta loft condo for her.

What are some key factors that set you apart from other real estate brokers in the Los Angeles area, and how do you ensure your clients receive the best service possible?

The Corey Chambers Team is known for guaranteeing our work. Most real estate professionals will never use that word because they don’t know how to guarantee anything. We guarantee home sales, guarantee top dollar for home sellers, and even guarantee to save money for home buyers. Today, we consider a 5-star review to be our primary compensation. The five star reviews are considered the priority and the main focus for our motivation and career success. 

How do you stay informed about the latest market trends, zoning regulations, and development projects in the city to better serve your clients?

Publishing the most popular residential real estate blog post articles for Downtown Los Angeles and LA lofts, the L.A. Loft Blog, we talk to people every day about what is going on with zoning, regulations and new development projects. We also produce the monthly Downtown Los Angeles Real Estate Market report, with pricing, data and trends for DTLA and neighboring loft communities.

Lastly, what do you envision for the future of the Los Angeles real estate market, and how are you preparing yourself and your clients for the upcoming changes in the industry?

If the city and state can reverse the recent trends of rising crime, exploding taxes, runaway regulations and exodus flight of the population to other states, the City of Los Angeles has an extremely bright future for real estate. The Corey Chambers team is leading the way toward the future as we research, develop and implement the newest real estate tools, including: AI Artificial Intelligence for marketing and property matching; crypto blockchain for real estate, a real estate DAO Distributed Autonomous Organization, our own Entar Coin cryptocurrency to help real estate; virtual real estate, real estate smart contracts, digital real estate and real estate NFTs. These are some of the building blocks of the new trillion dollar real estate company of the future that we are creating, to be called Entar®.