Coronavirus Update: Los Angeles Real Estate Guidelines

VIDEO

NEWS — L.A. AREA PROPERTY MARKET | Blog Video

What the California Association of Realtors recommends for real estate during the coronavirus pandemic. Also, 7 mistakes for home sellers to avoid.

Guidelines for Real Estate Best Practices During COVID-19

The CALIFORNIA ASSOCIATION OF REALTORS® ( C.A.R. ) has provided the following Best Practices Guidelines to assist real estate professionals in the safe practice of real estate. The C.A.R. wants to enable REALTORS® to demonstrate care for the health and well-being of home sellers, buyers, renters, landlords, investors, colleagues and the greater public welfare in reducing the risk of exposure to, and spread of, COVID-19, while providing the essential services of residential and commercial real estate recognized by the Department of Homeland Security as being necessary for the maintenance of America’s Critical Infrastructure. #coronavirus #update

Best Practices Guidelines

These guidelines reflect CAR’s understanding of Governor Newsom’s stay-at-home order issued March 19, as updated by the “Advisory Memorandum on Identification of Essential Critical Infrastructure Workers During COVID-19 Response” from March 28, 2020, which expressly includes residential and commercial real estate, including settlement services, as essential services.

⚠️ Check Your City or County for More Restrictive Local Shelter-In-Place Orders.

If a city or county in which you do your business activity has an order with a more restrictive standard regarding what qualifies as an essential service, or more restrictions on activities, those guidelines will still govern the activities of a licensee. In other words, if there is a more restrictive local order, it must still be followed. That order may prevent or limit your ability to conduct real estate activity.

What are the recommended best practices that must be followed in all circumstances?

Showings should be done virtually, if at all possible.
All activities should be completed electronically, if at all possible.
Only a single agent and no more than two other individuals are to be in a dwelling at the same time during a showing. If other persons are necessary for a showing, they should wait outside or in their vehicles to observe the social distance guidelines.
Sellers are to be advised that they should not be present within a dwelling at the same time as other individuals. Sellers are to be advised that they may remain on the property or in the common area of an HOA but not in the dwelling unit itself while agents, buyers, inspectors or others are viewing it. If a seller insists on remaining on the property, that seller is to agree to the terms and sign the declaration (see below) that is required for persons entering the property.
Agents should read and understand the recommendations from the Centers for Disease Control and Prevention (CDC) on how to protect yourself. This is critically important!
Any persons on the property must agree to adhere strictly to the social distancing guidelines at all times by remaining at least six feet apart per the recommendations established by the CDC.
Any person entering a property shall provide by declaration that to the best of their knowledge, they are not currently ill with a cold or flu; do not have a fever, persistent cough, shortness of breath, or exhibit other COVID-19 symptoms; have not been in contact with a person with COVID-19; and will adhere to and follow all precautions required for viewing the property at all times. All personsvisiting a property will agree to wash their hands with soap and water or use hand sanitizer prior to entry, and to wear disposable rubber gloves and a protective face mask, if one is made available. In addition, sellers must disclose to all persons who enter the property if the seller is currently ill with a cold, flu or COVID-19 itself, or has a fever, persistent cough, shortness of breath or other COVID-19 symptoms, or has been in contact with a person with COVID-19. Further, if anyone who enters the property is later diagnosed with COVID-19, the person who is diagnosed must immediately inform the listing agent, who will then make best efforts to inform everyone who entered the property after the person diagnosed, of that fact.
Sellers and buyers must be expressly made aware of the risks of showing and visiting properties: that it may be dangerous or unsafe and could expose them or others to coronavirus (COVID-19). Sellers and buyers must be advised of their responsibilities pertaining to COVID-19 protocols regarding social distancing and other CDC guidelines.
The agreement of the seller allowing any person entering onto the property or into the dwelling must be expressly obtained from the seller. Apart from marketing and pre-marketing activities, a standard purchase agreement grants the buyer broad discretion to conduct various inspections and investigations. The seller should be apprised of their obligations under the purchase agreement so that they enter into such agreements with a clear understanding of the attendant risks.
To the extent possible, the use of various third-party services providers for non-essential services must be avoided and, where unavoidable, the providers must agree to sign an agreement to follow CDC guidelines.
REALTORS® should follow the above protocols when conducting any in-person interactions, but should refrain from any non-electronic unsolicited marketing during the COVID-19-related declaration of emergency.
Brokers should consider extending listings and putting a hold on marketing activities or other accommodations for those who, for health or other reasons connected to the COVID-19 virus, wish to stop actively marketing their property for the duration of the governor’s stay-at-home order.
Unless absolutely necessary, communications with clients should be done via electronic means or by telephone. In person conversations should be minimized unless absolutely necessary.

Best practices related to entering a seller’s property:

Listing agents should not leave brochures and flyers in the property but instead utilize any showcasing or other marketing features available through one’s MLS system to highlight the property.
All showings are to be held by appointment only.
Discourage anyone who does not need to view the property from attending a showing.
Agents conducting the showing should meet clients at the property and not drive the client to the property, so as to minimize risk. Information relevant for the showing should be provided in advance to the clients electronically. Keep in mind that MLS rules generally require agents to have obtained seller’s permission for client to enter without the agent being physically present.
Consider limiting in-person, non-virtual showings to “serious” potential buyers, who are those who have provided verifications of funds and lender prequalification letters to show they are able to purchase the property that is the subject of the showing.
Let the seller know well in advance that there is an appointment for a showing.
If using a lockbox, be sure to disinfect the key, the box, and the doorknob prior to utilizing.
When using disposable gloves, be sure to put them on prior to entry and to dispose of them after leaving each property.
Ask seller to turn the lights on and leave interior doors, drapes and blinds open. If the property is vacant, agent should ensure these tasks are taken care of prior to the showing.
Refrain from touching any surface during a showing.
As indicated above and following the CDC guidelines, maintain a safe distance from anyone in the property by staying a minimum of six feet apart.
If the size of the residential unit makes it difficult to maintain the six-foot distance for all parties attending the showing, individuals may need to wait outside and come in the property one at a time, at all times maintaining proper social distance.
Bring your own sanitizers, and gloves — don’t rely on others to bring them. If hand sanitizers are unavailable, liquid hand soap for hand washing should be made available.
Follow suggestions in the CDC’s Cleaning & Disinfecting Guide and provide this information to your sellers, advising them to disinfect the property according to those guidelines after the showing is complete.
Discussions after the showing with the seller or clients should be conducted through electronic means such as email, telephone, Zoom or FaceTime.

For more on these guidelines, contact guidelines@laloftblog.com


7 Things You Must Know Before Putting Your L.A. Home Up for Sale

Downtown Los Angeles – A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their loft, condo or house. The report includes a 9 Step System that can help you sell your home fast and for the greatest amount of money. This industry report shows clearly how the traditional ways of selling homes have become increasingly less and less effective in today’s market. The fact of the matter is that fully three quarters of homesellers don’t get what they want for their homes and become disillusioned and – worse – financially disadvantaged when they put their homes on the market. #seller #mistakes

As this report uncovers, most homesellers make 7 deadly mistakes that cost them literally thousands of dollars. The good news is that each and every one of these mistakes is entirely preventable. In answer to this issue industry insiders have prepared a free special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar”. To order a FREE Special Report, complete the short form below.

Get your free special report NOW to find out how you can get the most money for your home. 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 | PopularLuxury
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 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit www.SellerMistake.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.

Coronavirus Update: Open L.A.

Precinct DTLA booms Jan 2020. Now empty, how long can Downtown businesses hold out?

REAL ESTATE NEWS: The sooner Los Angeles opens for business, the better.

With no date for re-opening, Los Angeles is in dire straits. Very little consideration has been given to the ruinous economic impact of a shut down. Unfortunately, the physical laws of economics have no heart. The dismal science has no compassion for those who fail to heed its demands. This is why both economic health and health care resources of Los Angeles shall pay a devastating price for some time to come. Devastating to our food supply, even more devastating to poor countries and devastating to the American medical system. We’re just now beginning to hear of the unpredicted damage to the medical system. How many will die due to panic? How many shall be lost in the wake of a $30 trillion loss? Real estate is one of many industries that has only begun to suffer the full wrath of shutdown. The lingering aftermath shall sadly be much more serious and severe. #coronavirus #update #realestate

As part of our focus on all aspects of Los Angeles real estate, the L.A. Loft Blog has been instrumental in disseminating a rich variety of viewpoints on how health crises and the economy affect the LA property market. Due to long-term economic correction, the Downtown area housing market has already collapsed by more than 75% compared to two years ago, in the number of transactions completed. We project that down number to increase to an alarming 82% fall after we analyze the April data that is impacted by temporary panic and its medium-term bad effects.

Californians have been paralyzed with fear, but that fear is likely misplaced, and is subsiding. Untold economic damage has been precipitated by insufficient, low-quality data. This can and must change rapidly. When research carefully avoids political agendas, the more rational, unbiased epidemiologists reveal that the true economic risk and health risks are from panic and economic collapse, not from the virus itself — not from coronavirus covid-19. Because of political bias and increasing censorship, the public has not yet received the whole truth: Nearly 100% of “coronavirus” deaths are linked to pre-existing ailments, other diseases. Barbarous political goals, healthcare industry bias towards alarm, along with sensationalism and news media panic profit, are all adversely affecting the economy and the real estate market. In fact, our unprecedented shutdown of the economy will take longer than expected to unwind, with painful shedding before it can turn back on. The economy, therefore, must get worse before it gets better. Panic shall exact a hefty toll. Worst of all, healthy children shall die from the economic damage and neglect caused by frenzy and overreaction. While the Loft Blog is earliest in these revelations, the mainstream media and public will eventually catch on and get caught up as panic subsides, as clear thinking prevails. The truth has a way of eventually getting out. When this happens, after more sane free-market economic practices resume, and after Los Angeles cleans up its act, the future of California real estate is as bright as this weekend’s weather forecast. #losangeles

Our Sun – Nature’s Decontamination Device

Some beaches are open in Los Angeles County, for exercise only, with no sitting or socializing permitted. Orange County has even more beaches open.

Fact checking the FACT CHECK: So called “Fact Check”s are often wrong, especially about coronavirus covid-19. One “fact check” falsely claims that there is no evidence that sunlight kills covid-19. The sun kills bacteria and viruses. A short time in the sun allows our body to produce vitamin D, which is vital to our immune system. Outdoor wind and air blow away virus particles, buy indoor home and office interiors tend to keep the particles lingering the air longer to infect other residents and co-workers. That is one of the reasons why viral flu-like illnesses are much more pervasive in the winter. While viruses can be more hardy in the environment than bacteria, viruses are still susceptible to the effects of sunlight because UV radiation kills viruses by chemically modifying their genetic material, DNA and RNA, according to the NIH National Institutes of Health. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1280232/https://www.digitaltrends.com/news/can-uv-light-kill-coronavirus/https://nymag.com/strategist/article/does-uv-light-kill-germs-best-sterilizer.html

Reader Questions:

Q: What is amazon doing with real estate? A: Not really an LA Loft question, but Amazon has been teaming up with Realogy to give technology advantages to its Realogy’s Century 21, Coldwell Banker, Sotheby’s and other real estate company that Realogy owns.

Q: Are there any deals from LA County probate auction? A: Probate and auctions are usually two different topics. Most probate sales are sold on the MLS, not at auction. For auctions, look for them on the county website. Expect these tax defaulted property deals to grow in number over the next 6 to 18 months. Homes for sale at https://ttc.lacounty.gov/schedule-of-upcoming-auctions/ | PROBATE INFO


Q: Does Ritz Carlton have the best virtual tours of investment homes? A: You’ll likely find some virtual tours of Residences at Ritz-Carlton here.


Q: What is the history of renovated loft buildings in Los Angeles? A: We’re only familiar with the recent history of L.A. loft buildings since the formation of the Los Angles Adaptive Re-Use Ordinance. Before that ordinance, some buildings were converted into residences under the earlier ordinance of 1981. The AIR Artist in Residence officially allowed for residential use of formerly industrial buildings. Molino lofts underwent varying states of conversion during the 1980s and 1990s. Some units at Molino lofts still have the same outdated kitchens and bathrooms. http://www.condopedia.com/wiki/Molino_Street_Lofts

Q: Are there any 2-story lofts for lease? A: There are usually a few 2-story lofts to choose from. At the moment, they might all be leased out. The Gallery Loft was just leased out in the last couple weeks.

Get a free list of 2-story lofts 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 | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking
Los Angeles lofts will survive, but how many residents will get behind on HOA dues?

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.