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Westwood Condos Open House 4 13 14

APRIL 13, 2014

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14734703 A 10345 Wilkins AVE, Unit 101, Los Angeles $1,090,000

2 14750073 A 10790 WILSHIRE, Unit 505, Los Angeles $949,000

3 14731655 A 2045 S Bentley AVE, Unit PH1, Los Angeles $929,000

4 14750469 A 10794 WILKINS AVE, Unit 303, Los Angeles $899,000

5 14731657 A 2045 S Bentley AVE, Unit 102, Los Angeles $879,000

6 14751245 A 1601 S BENTLEY AVE, Unit 301, Los Angeles $868,000

7 14751151 A 10336 ALMAYO AVE, Unit 303, Los Angeles $859,000

8 14749121 A 10640 WILKINS AVE, Unit 202, Los Angeles $743,000

9 14749395 A 1633 S BENTLEY AVE, Unit 203, Los Angeles $695,000

10 14744347 A 1632 CAMDEN AVE, Unit 302, Los Angeles $523,500

11 14752125 A 1250 S BEVERLY GLEN, Unit 209, Los Angeles $519,000

MLS # Status Address Price

12 SB14059773 A 10960 Ashton Avenue #303, Los Angeles $479,000

13 14749481 A 10751 WILSHIRE, Unit 1003, Los Angeles $425,000

Status: A = Active

MLS#14734703

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Property Details

$1,090,00010345 Wilkins AVE, Unit 101, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14734703 Beds: 2 Sq Ft: 1,454 List Date: Feb 5, 2014

Status: Active Baths: 2/1 Year Built: 2011 DOM: 67

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Interior:Elevator,Intercom; Floors: Carpet,Hardwood,Stone Tile; Assoc name: Wilkins; Assoc amenities: ControlledAccess; Cooling: Air Conditioning; Heating: Central Furnace; View: Other View; TB map code: 632D3;Zoning: LAR3; Pool: No Pool; Patio: Covered Porch; CDOM: 67; Number of units: 16; HOA: $420;Lotsize: 0;

REMARKS

One of the most gorgeous condos in Westwood! This Luxury 2bd+2.5ba unit in newer contemporary Mediterranean16 unit Building (completed in 2012). Perfect for entertaining, this private Gorgeous sunlit (southern & westernexposures) unit has an open living & dining area, w/ high ceilings, fireplace, custom built-in entertainment center, &hardwood flrs, that open outdoors thru tall wood French doors & windows to an extremely rare huge privatewraparound landscaped terrace. Beautiful designer kitchen w/ Bosch stainless steel appliances, granite counter tops, &stone-tiled back splash. Master Suite opens outdoors, & has walk-in closet, and the Bathroom boasts Duel-sinks,travertine floors, marble counters, mosaic tile, & separate soaking tub & shower. 2 Car secured parking, garage w/storage, & Washer/dryer in unit completes this luxurious lifestyle. Excellent location minutes to Centur...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14734703

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$1,090,00010345 Wilkins AVE, Unit 101, Los Angeles

MLS#14734703

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$1,090,00010345 Wilkins AVE, Unit 101, Los Angeles

MLS#14750073

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Property Details

$949,00010790 WILSHIRE, Unit 505, Los Angeles

Courtesy of Nelson Shelton & AssociatesLISTING INFORMATION

MLS#: 14750073 Beds: 2 Sq Ft: 1,756 List Date: Apr 4, 2014

Status: Active Baths: 3/0 Year Built: 1979 DOM: 9

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator; Floors: Carpet,Hardwood;Assoc name: LONGFORD; Assoc amenities: Gym/Ex Room,Gym/Ex Room,Storage Area,Gated CommunityGuard,Steam Room; Cooling: Air Conditioning; Heating: Central Furnace; View: City Lights View; TB mapcode: 632B3; Zoning: LAR5; Pool: Community Pool,Association Pool; CDOM: 9; Number of units: 84;HOA: $1250; Lotsize: 28070;

REMARKS

MAGNIFICENT PANORAMIC 180 DEGREES SOUTHERN VIEW IN THIS SPACIOUS 2 BEDROOM (EACHBEDROOM IS A SELF-CONTAINED SUITE), 2.5 BATH (INCLUDING GUEST BATHROOM) PLUS DEN AREATHAT IS PART OF THE LIVING ROOM *** HARDWOOD FLOORS THROUGHOUT *** ALL OF THEROOMS HAVE AN UNOBSTRUCTED OCEAN VIEW ON TOP OF CITY LIGHTS *** IDEAL FORENTERTAINING, THE LIVING ROOM AND DINING AREA OPEN INTO A NICE SIZE TILED BALCONY.*** ZONED STEREO SYSTEM INSTALLED INTO THE ENTIRE UNIT.*** RECESSED LIGHTING ARE IN ALLOF THE ROOMS *** NEW BEAUTIFULLY REMODELED KITCHEN (ONE YEAR AGO) WITH TOP OF THELINE APPLIANCES. **** KITCHEN HAS A BREAKFAST AREA. *** MASTER BATHROOM WAS ALSOREMODELED WITH GORGEOUS WALL-TO-WALL SHOWER AND BENCH OF TILE AND CAESAR STONE** ALSO IN THE MASTER BEDROOM IS A WALK-IN CLOSET AND 2 WALL CLOSETS. .*** NEW WASHER/DRYER ARE IN THE INSIDE LAUNDRY ROOM *** THIS IS A FULL-SERVICE HI-RISE CO...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14750073

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$949,00010790 WILSHIRE, Unit 505, Los Angeles

MLS#14750073

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$949,00010790 WILSHIRE, Unit 505, Los Angeles

MLS#14731655

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Property Details

$929,0002045 S Bentley AVE, Unit PH1, Los Angeles

Courtesy of Nourmand & Associates-BWLISTING INFORMATION

MLS#: 14731655 Beds: 3 Sq Ft: 1,854 List Date: Jan 23, 2014

Status: Active Baths: 2/1 Year Built: 2007 DOM: 80

FEATURES

Status details: Active; Appliances: Dishwasher; Interior: Other; Floors: Hardwood,Tile (N); Assoc name:2045 S. Bentley HOA; Assoc amenities: None (N); Cooling: Central A/C; Heating: Central Furnace; View:No View; TB map code: 632B5; Pool: No Pool; CDOM: 80; Number of units: 6; HOA: $589;

REMARKS

Stunning penthouse unit!! Abundantly spacious and meticulously designed, is what best defines these stunningcontemporary condominium residences at 2045 Bentley Avenue. Ideally located on a residential tree lined street, thisexclusive collection of three bedroom, single level and townhome style condominiums, is just stone's throw awayfrom the vibrant urban attractions of, LA's Westside, Santa Monica and Beverly Hills. These 6 spacious designerresidences feature high end, contemporary finishes including kitchens with quartz slab counters, custom cabinets, tilefloors and backsplash and stainless steel appliances. The living areas feature fireplaces, wood floors, recessed lightsand outdoor balcony area. The master bedrooms boast custom walk in closets and master bathrooms with quartzcounters, dual sinks and separate tub and showers. Great central location~~~

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14731655

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$929,0002045 S Bentley AVE, Unit PH1, Los Angeles

MLS#14750469

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Property Details

$899,00010794 WILKINS AVE, Unit 303, Los Angeles

Courtesy of The AgencyLISTING INFORMATION

MLS#: 14750469 Beds: 3 Sq Ft: 2,185 List Date: Apr 7, 2014

Status: Active Baths: 2/1 Year Built: 1981 DOM: 6

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Washer; Floors: Carpet; Assoc name: Westwood Terrace;Assoc amenities: Controlled Access,Gated Parking,Recreational Multipurpose Room; Cooling: Air Conditioning;Heating: Central Furnace; View: City View; TB map code: 632B3; Zoning: LARD1.5; Pool: CommunityPool,Association Pool; CDOM: 6; Number of units: 15; HOA: $600; Lotsize: 15185;

REMARKS

Trust Sale. Amazing opportunity to own a generous three bedroom corner unit in Westwood Terrace with twobalconies, loft and private sundeck along with views of the city lights. At the heart of the highly practical andfunctional floor plan is the living area which boasts twenty foot ceilings and affords volumes of natural light. .Offering includes side by side parking, laundry in unit and community pool. Pedestrian friendly location and theperfect single family alternative.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14750469

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$899,00010794 WILKINS AVE, Unit 303, Los Angeles

MLS#14731657

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Property Details

$879,0002045 S Bentley AVE, Unit 102, Los Angeles

Courtesy of Nourmand & Associates-BWLISTING INFORMATION

MLS#: 14731657 Beds: 3 Sq Ft: 1,952 List Date: Jan 23, 2014

Status: Active Baths: 2/1 Year Built: 2007 DOM: 80

FEATURES

Status details: Active; Appliances: Dishwasher; Interior: Other; Floors: Hardwood,Tile (N); Assoc name:2045 S. Bentley HOA; Assoc amenities: None (N); Cooling: Central A/C; Heating: Central Furnace; View:No View; TB map code: 632B5; Pool: No Pool; CDOM: 80; Number of units: 6; HOA: $589;

REMARKS

Incredible townhome unit!! Abundantly spacious and meticulously designed, is what best defines these stunningcontemporary condominium residences at 2045 Bentley Avenue. Ideally located on a residential tree lined street, thisexclusive collection of three bedroom, single level and townhome style condominiums, is just stone's throw awayfrom the vibrant urban attractions of, LA's Westside, Santa Monica and Beverly Hills. These 6 spacious designerresidences feature high end, contemporary finishes including kitchens with quartz slab counters, custom cabinets, tilefloors and backsplash and stainless steel appliances. The living areas feature fireplaces, wood floors, recessed lightsand outdoor balcony area. The master bedrooms boast custom walk in closets and master bathrooms with quartzcounters, dual sinks and separate tub and showers. Great central location~~~

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14731657

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$879,0002045 S Bentley AVE, Unit 102, Los Angeles

MLS#14751245

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Property Details

$868,0001601 S BENTLEY AVE, Unit 301, Los Angeles

Courtesy of Keller Williams-Santa MonicaLISTING INFORMATION

MLS#: 14751245 Beds: 2 Sq Ft: 1,500 List Date: Apr 8, 2014

Status: Active Baths: 2/1 Year Built: 2005 DOM: 5

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator; Interior:Elevator,Intercom; Kitchen: Pantry; Floors: Carpet,Hardwood; Assoc name: Bentley Place; Assoc amenities:Controlled Access,Gated Parking,Guest Parking; Cooling: Air Conditioning; Heating: Central Furnace; View:Park Or Green Belt View,Tree Top View; TB map code: 632B4; Zoning: LAR3; Pool: No Pool; CDOM: 5;Number of units: 7; HOA: $269; Lotsize: 6748;

REMARKS

BEAUTIFUL & BRIGHTEST CORNER UNIT W/ EXPOSURE TO NORTH, EAST & WEST W/ AMAZING VIEWOF TREE TOPS. OPEN & AIRY FLOOR PLAN, BEAUTIFULLY DETAILED W/ A CONTEMPORARY SENSE OFSTYLE AND CHARM. THIS BRIGHT UNIT IS A DELIGHTFUL PLACE TO LIVE W/ DOUBLE SIDEFIREPLACE, HARDWOOD FLOORS, DESIGNER KITCHEN W/ MAPLE CABINETS, STAINLESS STEELAPPLIANCES & GRANITE COUNTER TOPS, LARGE PANTRY, TRAVERTINE MARBLE FLOORS & ACENTER ISLAND OPENS TO A PLEASANT BALCONY. SPACIOUS & BRIGHT MASTER BEDROOM W/ 3WINDOWS & BALCONY, 3 BUILT IN CLOSETS & BEAUTIFUL MASTER BATH W/ DOUBLE SINKS,SEPARATE SHOWER & SPA TUB, TRAVERTINE MARBLE FLOORS & GRANITE COUNTER-TOPS. UNITEQUIPPED W/ CENTRAL AIR & HEAT, SIDE BY SIDE WASHER/ DRYER, POWDER ROOM & VERY LOWHOA DUES IN SMALL COMPLEX OF 7 UNITS ONLY. THE BUILDING, BUILT IN 2005, BEAUTIFULLYMAITAINED, W/ SECURED ELEVATOR & PERSONALIZED CONTROL. DISTINGUISHED LOBBY, GATED ...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14751245

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$868,0001601 S BENTLEY AVE, Unit 301, Los Angeles

MLS#14751245

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$868,0001601 S BENTLEY AVE, Unit 301, Los Angeles

MLS#14751151

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$859,00010336 ALMAYO AVE, Unit 303, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14751151 Beds: 3 Sq Ft: 1,900 List Date: Apr 10, 2014

Status: Active Baths: 2/1/0/0 Year Built: 1981 DOM: 3

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors:Carpet,Parquet Wood,Tile (N); Assoc name: Almayo Chateau; Assoc amenities: Billiard Room,RecreationalMultipurpose Room,Steam Room; Cooling: Air Conditioning; Heating: Central Furnace; View: Golf CourseView; TB map code: 632E4; Zoning: LAR3; Pool: No Pool; Patio: Patio Open; CDOM: 3; Number ofunits: 12; HOA: $475; Lotsize: 12159;

REMARKS

Spectacular, open, sun filled & very spacious 3 bedroom 2.75 bath. Approx. 2000 sq. ft of very comfortable & openliving space. Formal center hall entry, high vaulted wood beamed ceilings & gorgeous custom designed shelving. Bothliving room & master suite have patio access. The South facing living room has Golf course views. Loft/3rd bedroomwith ~~ bath & separate outside entrance. Close to Fox Studios, Century City &. Rancho Park golf & tennis facility.Westwood Charter School. First showings Sunday April 13th 2-5 pm & Tuesday April 15th 11-2 pm .

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14751151

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$859,00010336 ALMAYO AVE, Unit 303, Los Angeles

MLS#14749121

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Property Details

$743,00010640 WILKINS AVE, Unit 202, Los Angeles

Courtesy of Castle Rock Real Estate GroupLISTING INFORMATION

MLS#: 14749121 Beds: 2 Sq Ft: 1,747 List Date: Apr 3, 2014

Status: Active Baths: 3/0 Year Built: 1982 DOM: 10

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Electric Dryer Hookup,Freezer,Garbage Disposal,Gas DryerHookup,Gas Or Electric Dryer Hookup,Recirculated Exhaust Fan,Refrigerator,Trash Compactor,Vented ExhaustFan; Interior: Elevator,Intercom,Phone System; Kitchen: Tile Counters (N); Floors: Carpet; Assoc name: LBProperty Mangement; Cooling: Air Conditioning,Central A/C; Heating: Central Furnace; View: Tree TopView; TB map code: 632C3; Zoning: LAR3; Pool: Community Pool,Association Pool; CDOM: 121; Lotdescription: Walk Street; Number of units: 12; HOA: $450; Lotsize: 13016;

REMARKS

WOW Great Location Very Spacious & Open Floor-plan! Beautiful afternoon lighting thru family room windows!Formal Dining Area, Entry into the den/office. Great carpet thru-out! New Paint! Great Kitchen plenty of room,light wood cabinets! Inside full size laundry washer/dryer hook up!! Oversize Master Bedroom w/brick fireplace 2Bed 2 1/2 bath. Walk-in Closet! Amazing space!! Master bath has upgraded sunken tub/w/jets! Separate glass shower!Has Two doors formal entry & separate guest bathroom! This home as everything you could possibly want & thensome!!! Walking distance to UCLA/Shopping/Movies/Century City Mall/Westwood! Close Freeway Access! BeautifulPeaceful Street with lots of parking/secure under garage/street parking! Private/secured Guest Entry/Elevator accessto front doors! Great balcony. Build has a great pool. THIS IS A MUST SEE!!!!! OPEN HOUSE THIS SATURDAYAND SUNDAY F...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14749121

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$743,00010640 WILKINS AVE, Unit 202, Los Angeles

MLS#14749121

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$743,00010640 WILKINS AVE, Unit 202, Los Angeles

MLS#14749395

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Property Details

$695,0001633 S BENTLEY AVE, Unit 203, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14749395 Beds: 2 Sq Ft: 1,248 List Date: Apr 1, 2014

Status: Active Baths: 2/0 Year Built: 1987 DOM: 12

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Washer; Interior: Elevator; Floors: Carpet,Mixed (N);Assoc name: Bentley Regency; Cooling: Central A/C; Heating: Central Furnace; View: No View; TB mapcode: 632B4; Zoning: LAR3; Pool: No Pool; CDOM: 12; Number of units: 25; HOA: $270; Lotsize:18851;

REMARKS

Charming, open and spacious 2+2 in the coveted Westwood area. Living room with fireplace and good size balconyperfect for enjoying the afternoon breeze. Dinning area adjacent to kitchen. Washer/Dryer hook ups in unit. Goodsize master with walk in closet + balcony. Just minutes to all the trendy shops and restaurants Westwood has to offer.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14749395

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$695,0001633 S BENTLEY AVE, Unit 203, Los Angeles

MLS#14744347

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$523,5001632 CAMDEN AVE, Unit 302, Los Angeles

Courtesy of Keller Williams-Santa MonicaLISTING INFORMATION

MLS#: 14744347 Beds: 2 Sq Ft: 1,122 List Date: Mar 14, 2014

Status: Active Baths: 2/0 Year Built: 1962 DOM: 30

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Kitchen: Granite Counters(N),Tile Counters (N); Floors: Hardwood; Assoc name: 1632 Camden; Cooling: Air Conditioning,CeilingFan(s); View: Other View; TB map code: 632B4; Zoning: LAR3; Pool: No Pool; CDOM: 30; Number ofunits: 17; HOA: $335; Lotsize: 14278;

REMARKS

Just what you have been waiting for! Gorgeous top floor upgraded two bedroom/two bath condo on a quiet highlydesirable tree lined street, in prime north of Santa Monica Blvd. Westwood location. Walking distance to trendyshops, parks, restaurants, coffee shops, UCLA, Westwood Village with easy access to the freeways. This bright, openconcept unit has only one common wall and has two large bedrooms with lots of storage, including a walk-in closetin the master. This condo offers upgraded bathrooms, hardwood floors, modern light fixtures, smooth ceilings andwas just painted. Building has low HOAs for the area include earthquake insurance, hot water & more. Access toFairburn Elementary School, 2 car parking with extra storage & morel! Come take a look before this unit is gone!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14744347

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$523,5001632 CAMDEN AVE, Unit 302, Los Angeles

MLS#14744347

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$523,5001632 CAMDEN AVE, Unit 302, Los Angeles

MLS#14752125

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$519,0001250 S BEVERLY GLEN, Unit 209, Los Angeles

Courtesy of Keller Williams Rlty-Marina/LALISTING INFORMATION

MLS#: 14752125 Beds: 2 Sq Ft: 1,300 List Date: Apr 11, 2014

Status: Active Baths: 2/0 Year Built: 1972 DOM: 2

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Carpet,Mixed (N); Assocname: Westwood Glen; Assoc amenities: Banquet Facilities,Billiard Room,Controlled Access,Gym/ExRoom,Meeting Room,Sauna; Cooling: Other; Heating: Central Furnace; View: Other View; TB map code:632C2; Zoning: LAR3; Pool: Association Pool; Spa: Association Spa; CDOM: 2; Number of units: 48;HOA: $455; Lotsize: 28675;

REMARKS

Quite 2bed 2bath unit with open kitchen, Large dining area, living room with a fireplace and specious bedroomsuites. Amenities include: sparkling pool, gym, sauna, rec room, indoor spa, elevator and billiards room. Two parkingspaces. Pet friendly building. Centrally located near to UCLA, Westwood, Beverly Hills and Century City. HOA duesof $455.00 per month includes earthquake insurance.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14752125

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$519,0001250 S BEVERLY GLEN, Unit 209, Los Angeles

MLS#SB14059773

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Property Details

$479,00010960 Ashton Avenue #303, Los Angeles

Courtesy of Keller Williams Beach CitiesLISTING INFORMATION

MLS#: SB14059773 Beds: 2 Sq Ft: 844 List Date: Mar 22, 2014

Status: Active Baths: 2.00 Year Built: 1986 DOM: 11

FEATURES

Status details: Active; Appliances: Dishwasher,Refrigerator; Floors: Carpet; Assoc name: Park Ashton;Cooling: Central A/C; Heating: Central Furnace; View: City Lights View; TB map code: 632A3; Zoning:LAR4; Pool: No Pool; CDOM: 11; Water: Water District,Public; Lot description: Curbs,Sidewalks; Crossstreets: Veteran; Number of units: 40; HOA: $320; Lotsize: 16058; Acres: 0.369;

REMARKS

Amazing Westwood location, 1 block from Wilshire. Open floor plan condo with beautiful patio views with closeproximity to Westwood Village, Westwood Park, UCLA and public transportation. Two secured parking spaces andample guest parking. Low HOA dues.

Source: CARETS_MRMLSInformation is deemed reliable but not guaranteed.

MLS#SB14059773

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$479,00010960 Ashton Avenue #303, Los Angeles

MLS#14749481

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Property Details

$425,00010751 WILSHIRE, Unit 1003, Los Angeles

Courtesy of Rodeo Realty - Beverly HillsLISTING INFORMATION

MLS#: 14749481 Beds: 1 Sq Ft: 853 List Date: Apr 3, 2014

Status: Active Baths: 1/1 Year Built: 1972 DOM: 10

FEATURES

Status details: Active; Appliances: Refrigerator; Floors: Carpet,Hardwood,Tile (N); Assoc name: Wilshire SelbyWest; Assoc amenities: Controlled Access,Storage Area,Gated Parking; Cooling: Central A/C; Heating: CentralFurnace; View: City View,Hills View,Peek-A-Boo View; TB map code: 632B3; Zoning: LAR5; Pool: AssociationPool; Spa: Association Spa; CDOM: 10; Number of units: 90; HOA: $600; Lotsize: 17812;

REMARKS

Turnkey 1 bedroom + 1.5 bathroom condominium in Wilshire Selby West. This updated, 10th floor unit faces Eastand features an open kitchen/dining room/living room with hardwood floors, large powder room, master bedroom,en suite bathroom with separate tub and shower, tons of closet space, balcony, and peek-a-boo views of HolmbyHills. Located close to UCLA and Westwood Village. Building amenities include elegant lobby, doorman, secureparking, pool, sauna, extra storage and some of the lowest HOA dues on the Corridor ($600/mth). Agents, pleaseread private remarks for showing instructions.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14749481

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$425,00010751 WILSHIRE, Unit 1003, Los Angeles

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INFOCloud CMA

What Are Your Homebuying Goals?

With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes asinvestments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years ormore.

Ownership

According to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®, theprimary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for morespace, and a change in the family situation.

For most people, buying a home is more about giving household members more comfortable living arrangements andputting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? Youmight want a better home and neighborhood. You might want a different kind of living experience, such as moving froman apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to thinkabout school districts and proximity to parks and other recreation.

If you’re not certain, you might think about what would change about your situation if you became a homeowner. You’lldefinitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10 years.

Equity

You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation willeventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may alsobe an important factor for you. The combination of low interest rates and low prices allows you to buy more home forthe money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factorin tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income.

When you buy, make your goals long-term. Choose the home you think will serve your household’s needs the best for thelongest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s marketconditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.

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The Homebuying Process

Follow These Steps

Get prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as child supportas well as the type of loan you choose. Other factors that impact how much home you can buy is the down payment;smaller down payments mean higher monthly payments. Last, the interest rate and terms (30-year, fixed or adjustablerate) will determine what you can afford in monthly payments.

Make your wish list - Decide where you want to live and how many bedrooms and baths you’ll need. Consider lifestyle -condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, butmuch more exterior and yard maintenance.

Hire a real estate professional - Your real estate professional should be expert in the area where you want to live andfamiliar with the type of home you want to buy. Your agent has house-by-house experience in your neighborhood andcan offer the best advice on homes in your range.

Select your home - No home is perfect, so don’t let minor flaws influence you. Think long-term. Which home best suitsthe activities and needs of your household now and in the years ahead? Don’t buy more than you need or cancomfortably afford.

Make an offer - Your offer depends on the current market. If a home has been on the market a long time, you can askthe seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your realestate professional for advice.

Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector willpoint out the age of systems, and large and small repairs that are needed, so you’ll know what you’re facing as the nextowner.

Get an appraisal - The bank appraisal determines market value. If the home doesn’t appraise for the purchase price, thebank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender will move towardclosing.

Go to closing - Once final negotiations are complete, the parties to the transaction meet at the escrow office. This couldbe a title company, real estate attorney, or whatever is customary in your area. All paperwork is signed by both parties.The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Once all the disbursementshave been made, you get the keys to your new home, according to your agreement. Congratulations! You’re ready tomove into your new home

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Making an Offer

Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonable radiusof the home, so you can compare the home fairly in terms of location, size, features, and amenities. Next, ask your agentabout market conditions, so you can choose a strategy.

Strategy

In a buyer’s market, discounts are common because there are fewer buyers, more properties for sale, and home prices aresoft or falling. In a seller’s market, homes sell quickly for full price or higher because there are plenty of buyers and fewhomes for sale. Whether you are in a buyer’s market or a seller’s market, your goal is to buy the home at a fair price. Ifyou were the seller, what is the lowest possible price you’d accept?

Risk

Low-balling the seller is risky. If the seller feels insulted by your offer, you’ve lost the opportunity to negotiate. On theother hand, some sellers are simply unrealistic about their home’s value. Maybe your offer will be their wake-up call. Ifthe seller’s home is offered at a reasonable price, pay asking price or close to it. A home priced to sell will sell quickly.

Is there a way to sweeten your offer with a quick closing or an all-cash sale? To show the seller you’re serious, include acopy of your lender’s pre-approval letter, along with a cover letter summarizing your strengths as a buyer in terms ofcreditworthiness, flexibility in closing, and why you love this home. Include a copy of your comparables to show whyyou feel your offer is a fair price for the property. If your offer is conditional, such as your need to sell another homebefore closing on the seller’s, you’ll have to find a way to sweeten the deal, such as a full-price offer. Few sellers wouldaccept a discount and a contingency at the same time.

Reward

Your real estate professional will help you draft the offer with a price, estimated closing date, and terms, includingearnest money (a guarantee that you’ll perform as a buyer in good faith), final approval by your lender, and your right tohave an inspection. Once your offer is negotiated and accepted, your earnest money will be sent to the escrow agent'soffice. Now the inspections occur, and this is where the contract negotiations can break down. During the inspectionprocess, the inspector will tell you about the condition of appliances, heat and cooling systems, roofs, electrical andplumbing systems, etc, and if your future home is up to current city codes. You should only renegotiate a repair when itwasn’t obvious before, or when a system is unsafe or not functioning. Once the seller has agreed, your offer is now abinding contract, and you’ll proceed to closing.

INTRO

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Scott McIntoshColdwell Banker

BRE number 01759826

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