westwood homes open house february 2nd, 2014

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Buyer Tour PREPARED FOR Westwood Homes Open House 2 2 14 FEBRUARY 2, 2014

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This buyer tour booklet lists all the homes open in Westwood on Sunday February 2nd, 2014.

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Page 1: Westwood Homes Open House February 2nd, 2014

Cloud CMA

Buyer Tour

PREPARED FOR

Westwood Homes Open House 2 2 14

FEBRUARY 2, 2014

Page 2: Westwood Homes Open House February 2nd, 2014

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14733319 A 11150 W SUNSET BLVD, Los Angeles $2,299,000

2 13716147 A 737 WESTHOLME AVE, Los Angeles $2,095,000

3 14732791 A 2123 CAMDEN AVE, Los Angeles $1,399,000

4 14730453 A 2146 GLENDON AVE, Los Angeles $1,349,000

Status: A = Active

Page 3: Westwood Homes Open House February 2nd, 2014

MLS#14733319

Cloud CMA

Property Details

$2,299,00011150 W SUNSET BLVD, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 14733319 Beds: 4 Sq Ft: 2,474 List Date: Jan 29, 2014

Status: Active Baths: 1/2/1/0 Year Built: 1951 DOM: 4

FEATURES

Status details: Active; Floors: Carpet,Hardwood,Other; Cooling: Central A/C; Heating: Central Furnace;View: No View; TB map code: 631J1; Zoning: LAR1; Patio: Patio Open; CDOM: 4; Number of units: 1;Lotsize: 13048;

REMARKS

WALLED AND GATED REDONE 1STY TRADITIONAL W/A CHIC CONTEMPORARY FLAIR. HI CLNGS,MOULDINGS, & DARK WD FLRS. 4BD (2 POSS MASTERS). GORGEOUS BATHS. FANTASTIC CENTER-ISLEKITCH. QUALITY FINISHES THROUGHOUT. 'GREAT' RM & FAM RM OPEN TO PATIOS, BIG GRASSYYARD, & GARDENS. MASTER SUITE W/BIG WALK-IN/LUXE BA. TREMENDOUS OFF-STREET PARKING.PERFECTLY POSITIONED ON FAMED SUNSET BOULEVARD.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 4: Westwood Homes Open House February 2nd, 2014

MLS#14733319

How do you rate this property?

Cloud CMA

Buyer Comments

$2,299,00011150 W SUNSET BLVD, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 14733319 Beds: 4 Sq Ft: 2,474 List Date: Jan 29, 2014

Status: Active Baths: 1/2/1/0 Year Built: 1951 DOM: 4

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 5: Westwood Homes Open House February 2nd, 2014

MLS#14733319

Cloud CMA

Listing Photos

$2,299,00011150 W SUNSET BLVD, Los Angeles

Page 7: Westwood Homes Open House February 2nd, 2014

COMMUNITY

Data provided by

Cloud CMA

Area Schools

$2,299,00011150 W SUNSET BLVD, Los Angeles

School Type Phone Distance

Community Magnet Charter Elementary School Charter/K-5 (310) 476-2281 0.57 mi

Brentwood School Private/K-12 (310) 476-9633 0.88 mi

John Thomas Dye School Private/K-6 (310) 476-2811 0.99 mi

Archer School For Girls Private/6-12 (310) 873-7000 1.01 mi

Marymount High School Los Angeles Private/9-12 (310) 472-1205 1.01 mi

St Martin Of Tours Elementary School Private/K-8 (310) 472-7419 1.25 mi

Warner Avenue Elementary School Public/K-5 (310) 475-5893 1.81 mi

St Sebastian School Private/1-8 (310) 473-3337 1.9 mi

Brentwood Science Elementary School Magnet/K-5 (310) 826-5631 1.92 mi

University Senior High School Public/8-12 (310) 914-3500 1.94 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Page 8: Westwood Homes Open House February 2nd, 2014

COMMUNITYCloud CMA

Area Restaurants

$2,299,00011150 W SUNSET BLVD, Los Angeles

Name Type Distance Rating

RockSugar Pan Asian Kitchen Asian Fusion, Indian, Thai 2.57 mi1147 reviews

Craft American (New) 2.77 mi1056 reviews

Da Pasquale Restaurant Italian, Pizza 3.0 mi250 reviews

Totoraku Japanese 3.02 mi161 reviews

Spago American (New), Asian Fusion, Japanese 3.59 mi950 reviews

Melisse French, Seafood 3.86 mi669 reviews

Blue Stove Tapas/Small Plates, American (New) 4.58 mi273 reviews

Haru Sushi Café Japanese, Sushi Bars 4.88 mi707 reviews

Mistral French 5.41 mi116 reviews

Angelini Osteria Italian 6.34 mi867 reviews

Genwa Korean Bbq Korean, Barbeque 6.83 mi1347 reviews

Providence Seafood 7.46 mi1533 reviews

Page 9: Westwood Homes Open House February 2nd, 2014

MLS#13716147

Cloud CMA

Property Details

$2,095,000737 WESTHOLME AVE, Los Angeles

Courtesy of Sotheby's International RealtyLISTING INFORMATION

MLS#: 13716147 Beds: 4 Sq Ft: 3,156 List Date: Nov 1, 2013

Status: Active Baths: 4.00 Year Built: 1938 DOM: 93

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors: Carpet;Cooling: Wall Unit(s),Ceiling Fan(s); Heating: Central Furnace; View: Other View; TB map code: 632B2;Zoning: LAR1; Patio: Patio Open; CDOM: 93; Number of units: 1; Lotsize: 7536;

REMARKS

NEW YEAR - NEW PRICE! Prime Little Holmby Traditional 4 bed and 4 bath home exudes curb appeal. Set up offthe street this 1938 gem offers large living room, formal dining room, paneled office and cozy den all with classiccharacter detailing - moldings, wainscoting, built-in shelves and 3 fireplaces in all. Remodeled kitchen, downstairs bedand bath, plus a very large family room complete the downstairs. The master suite and 2 additional en-suite beds &baths are upstairs - good closets and direct access from garage. Large flat pad above house. No sign. Warner School.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 10: Westwood Homes Open House February 2nd, 2014

MLS#13716147

How do you rate this property?

Cloud CMA

Buyer Comments

$2,095,000737 WESTHOLME AVE, Los Angeles

Courtesy of Sotheby's International RealtyLISTING INFORMATION

MLS#: 13716147 Beds: 4 Sq Ft: 3,156 List Date: Nov 1, 2013

Status: Active Baths: 4.00 Year Built: 1938 DOM: 93

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 11: Westwood Homes Open House February 2nd, 2014

MLS#13716147

Cloud CMA

Listing Photos

$2,095,000737 WESTHOLME AVE, Los Angeles

Page 12: Westwood Homes Open House February 2nd, 2014

MLS#13716147

Cloud CMA

More Listing Photos

$2,095,000737 WESTHOLME AVE, Los Angeles

Page 13: Westwood Homes Open House February 2nd, 2014

COMMUNITY

Data provided by

Cloud CMA

Area Schools

$2,095,000737 WESTHOLME AVE, Los Angeles

School Type Phone Distance

Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.25 mi

Sinai Akiba Academy Private/K-8 (310) 475-6401 0.52 mi

Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.67 mi

Marymount High School Los Angeles Private/9-12 (310) 472-1205 0.79 mi

St Paul The Apostle School Private/K-8 (310) 474-1588 0.89 mi

Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.0 mi

Global Montessori School Of WestwoodPrivate, Montessori/

PK,K1.32 mi

Westwood Elementary School Charter/K-5 (310) 474-7788 1.45 mi

Harvard-Westlake School - Middle School Private/PK, K-12 (310) 274-7281 1.45 mi

El Rodeo Elementary School Public/K-8 (310) 229-3670 1.52 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Page 14: Westwood Homes Open House February 2nd, 2014

COMMUNITYCloud CMA

Area Restaurants

$2,095,000737 WESTHOLME AVE, Los Angeles

Name Type Distance Rating

RockSugar Pan Asian Kitchen Asian Fusion, Indian, Thai 1.18 mi1147 reviews

Craft American (New) 1.38 mi1056 reviews

Da Pasquale Restaurant Italian, Pizza 1.64 mi250 reviews

Totoraku Japanese 1.88 mi161 reviews

Urasawa Japanese 2.05 mi362 reviews

Spago American (New), Asian Fusion, Japanese 2.22 mi950 reviews

The Bazaar Spanish, Basque, Lounges 3.44 mi2174 reviews

Haru Sushi Café Japanese, Sushi Bars 3.54 mi707 reviews

Melisse French, Seafood 4.33 mi669 reviews

Angelini Osteria Italian 5.04 mi867 reviews

Genwa Korean Bbq Korean, Barbeque 5.47 mi1347 reviews

Providence Seafood 6.19 mi1533 reviews

Page 15: Westwood Homes Open House February 2nd, 2014

MLS#14732791

Cloud CMA

Property Details

$1,399,0002123 CAMDEN AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertLISTING INFORMATION

MLS#: 14732791 Beds: 3 Sq Ft: 2,150 List Date: Jan 29, 2014

Status: Active Baths: 3/0 Year Built: 1929 DOM: 4

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Electric Dryer Hookup,Freezer,Garbage Disposal,IceMaker,Refrigerator; Floors: Ceramic Tile,Hardwood,Tile (N); Cooling: Ceiling Fan(s),Central A/C; Heating:Central Furnace; View: No View; TB map code: 632B5; Zoning: LAR1; Patio: Covered Porch; CDOM: 75;Number of units: 1; Lotsize: 6500;

REMARKS

Motivated seller will review all offers on this absolutely beautiful turn-key home with no expense spared. Single storytraditional home is conveniently located in one of the most desirable neighborhoods, near Westwood shops,restaurants & entertainment venues and zoned in the Westwood Charter School District. Extensively remodeled andupdated. The inviting double living room with fireplace, hardwood floors, all dual-pane windows, electric windowcoverings and dressing, granite counters high end appliances, formal open dining room, master suite with doublecloset, luxurious master bath with spa tub and separate shower, upgraded plumbing and electrical systems includingcentral heat and air conditioning. Private tile patio and cabana around a beautiful grassy garden. The guest house hascloset, built ins 3/4 bathroom and kitchenette. The guest house is not included in square footage of...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 16: Westwood Homes Open House February 2nd, 2014

MLS#14732791

How do you rate this property?

Cloud CMA

Buyer Comments

$1,399,0002123 CAMDEN AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertLISTING INFORMATION

MLS#: 14732791 Beds: 3 Sq Ft: 2,150 List Date: Jan 29, 2014

Status: Active Baths: 3/0 Year Built: 1929 DOM: 4

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 17: Westwood Homes Open House February 2nd, 2014

MLS#14732791

Cloud CMA

Listing Photos

$1,399,0002123 CAMDEN AVE, Los Angeles

Page 18: Westwood Homes Open House February 2nd, 2014

MLS#14732791

Cloud CMA

More Listing Photos

$1,399,0002123 CAMDEN AVE, Los Angeles

Page 19: Westwood Homes Open House February 2nd, 2014

COMMUNITY

Data provided by

Cloud CMA

Area Schools

$1,399,0002123 CAMDEN AVE, Los Angeles

School Type Phone Distance

Global Montessori School Of WestwoodPrivate, Montessori/

PK,K0.45 mi

Westwood Elementary School Charter/K-5 (310) 474-7788 0.57 mi

New Horizon School Westside Private/PK,K-5 (310) 231-6092 0.63 mi

Nora Sterry Elementary School Public/K-5 (310) 473-2172 0.73 mi

Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.77 mi

St Joan of Arc School Private/PK, K-8 (310) 479-3607 0.82 mi

Daniel Webster Middle School Public/4-8 (310) 235-4600 0.84 mi

New West Charter Middle School Charter/6-9 (310) 943-5444 0.85 mi

St Paul The Apostle School Private/K-8 (310) 474-1588 0.88 mi

Brawerman Elementary Of Wilshire Blvd Temple Private/K-6 (310) 445-1280 0.89 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Page 20: Westwood Homes Open House February 2nd, 2014

COMMUNITYCloud CMA

Area Restaurants

$1,399,0002123 CAMDEN AVE, Los Angeles

Name Type Distance Rating

Totoraku Japanese 0.84 mi161 reviews

RockSugar Pan Asian Kitchen Asian Fusion, Indian, Thai 1.53 mi1147 reviews

Craft American (New) 1.72 mi1056 reviews

Da Pasquale Restaurant Italian, Pizza 2.45 mi250 reviews

Spago American (New), Asian Fusion, Japanese 2.85 mi950 reviews

Melisse French, Seafood 3.35 mi669 reviews

Blue Stove Tapas/Small Plates, American (New) 3.82 mi273 reviews

The Bazaar Spanish, Basque, Lounges 3.96 mi2174 reviews

Haru Sushi Café Japanese, Sushi Bars 4.03 mi707 reviews

Angelini Osteria Italian 5.55 mi867 reviews

Genwa Korean Bbq Korean, Barbeque 5.66 mi1347 reviews

Providence Seafood 6.75 mi1533 reviews

Page 21: Westwood Homes Open House February 2nd, 2014

MLS#14730453

Cloud CMA

Property Details

$1,349,0002146 GLENDON AVE, Los Angeles

Courtesy of Coldwell Banker-BrentwoodLISTING INFORMATION

MLS#: 14730453 Beds: 3 Sq Ft: 1,614 List Date: Jan 21, 2014

Status: Active Baths: 1/1/0/0 Year Built: 1929 DOM: 12

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Vented Exhaust Fan,Washer;Floors: Carpet,Hardwood,Stone (N),Stone Tile; Cooling: Air Conditioning,Central A/C; Heating: CentralFurnace; View: No View; TB map code: 632C5; Zoning: LAR1; CDOM: 12; Number of units: 1; Lotsize:6075;

REMARKS

Immaculate 3 Bedroom+1~~ Bath Spanish perfectly blends original charm with modern upgrades. North of Olympicin Westwood Charter School District. Beautifully landscaped yard in desirable neighborhood, perfect for kids/pets.Living Room has coved ceiling, hardwood floors and original fireplace/fixtures. Dining Room with picture window.Kitchen and Baths attractively remodeled with Travertine tile and Stainless Steel. Spa Tub in Redwood Deck. MOVE-IN CONDITION. Also for lease for $5,450.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 22: Westwood Homes Open House February 2nd, 2014

MLS#14730453

How do you rate this property?

Cloud CMA

Buyer Comments

$1,349,0002146 GLENDON AVE, Los Angeles

Courtesy of Coldwell Banker-BrentwoodLISTING INFORMATION

MLS#: 14730453 Beds: 3 Sq Ft: 1,614 List Date: Jan 21, 2014

Status: Active Baths: 1/1/0/0 Year Built: 1929 DOM: 12

Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 23: Westwood Homes Open House February 2nd, 2014

MLS#14730453

Cloud CMA

Listing Photos

$1,349,0002146 GLENDON AVE, Los Angeles

Page 24: Westwood Homes Open House February 2nd, 2014

MLS#14730453

Cloud CMA

More Listing Photos

$1,349,0002146 GLENDON AVE, Los Angeles

Page 25: Westwood Homes Open House February 2nd, 2014

COMMUNITY

Data provided by

Cloud CMA

Area Schools

$1,349,0002146 GLENDON AVE, Los Angeles

School Type Phone Distance

Westwood Elementary School Charter/K-5 (310) 474-7788 0.2 mi

Global Montessori School Of WestwoodPrivate, Montessori/

PK,K0.5 mi

Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.68 mi

St Paul The Apostle School Private/K-8 (310) 474-1588 0.81 mi

Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.81 mi

St Timothy School Private/PK,K-8 (310) 474-1811 0.84 mi

New Horizon School Westside Private/PK,K-5 (310) 231-6092 1.03 mi

Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 1.03 mi

Le Lycee Francais de Los Angeles-Century CityElementary School

Private/K-1 (310) 553-7444 1.06 mi

Daniel Webster Middle School Public/4-8 (310) 235-4600 1.07 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Page 26: Westwood Homes Open House February 2nd, 2014

COMMUNITYCloud CMA

Area Restaurants

$1,349,0002146 GLENDON AVE, Los Angeles

Name Type Distance Rating

Totoraku Japanese 0.52 mi161 reviews

RockSugar Pan Asian Kitchen Asian Fusion, Indian, Thai 1.18 mi1147 reviews

Craft American (New) 1.35 mi1056 reviews

Da Pasquale Restaurant Italian, Pizza 2.09 mi250 reviews

Urasawa Japanese 2.34 mi362 reviews

Spago American (New), Asian Fusion, Japanese 2.48 mi950 reviews

The Bazaar Spanish, Basque, Lounges 3.58 mi2174 reviews

Haru Sushi Café Japanese, Sushi Bars 3.65 mi707 reviews

Melisse French, Seafood 3.72 mi669 reviews

Angelini Osteria Italian 5.18 mi867 reviews

Genwa Korean Bbq Korean, Barbeque 5.29 mi1347 reviews

Providence Seafood 6.38 mi1533 reviews

Page 27: Westwood Homes Open House February 2nd, 2014

INFOCloud CMA

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

Page 28: Westwood Homes Open House February 2nd, 2014

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.

Page 29: Westwood Homes Open House February 2nd, 2014

INFOCloud CMA

How to Decide Which Home to Buy

Buying a home is a long-term commitment. The home you buy should be affordable, yet offer the size, features andamenities you and your family want.

Affordability

Your monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28%of gross monthly income. Your house payment and your debts should not exceed 36% of your income, includingrevolving credit, student loans, and child support. You should also be in the correct loan for your needs. A fixed rate ismore expensive, but offers more protection than an adjustable rate mortgage that can reset to a higher amount, makingyour monthly payments higher.

Also, consider the monthly operating costs of the home including utilities, HOA fees, landscaping, commuting, andother costs.

Location

Location is about convenience, and you’ll pay a premium to be closer to work centers, parks, shopping andtransportation. You can buy a smaller home, or you can buy a home in need of updates to get closer to where you needto be. Think about your commutes to frequent destinations, including jobs, schools, family and friends. To get “morehouse,” you may have to move further away from core city centers.

Features

Make a list of must-have features so you can narrow your home search. A front porch, a two-car garage, hardwood floors,and eat-in kitchen can all add to the enjoyment of your home. Just as important is how your home is designed. Thenumber of bedrooms and baths should suit your household members, and the layout should suit your lifestyle. If youlike to entertain, you should have plenty of dining space and storage for dishes and cookware. If you frequently work athome, you’ll need a home office or at least a quiet designated workspace. Just make sure the home you choose allowsroom for your family to grow.

Talk to your lender and see what you can qualify to buy, then talk with your real estate professional about the home youhave in mind. With professional guidance, you should be able to find and buy the home of your dreams, where you’ll behappy for a long time to come.

Page 30: Westwood Homes Open House February 2nd, 2014

INFOCloud CMA

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.

Page 31: Westwood Homes Open House February 2nd, 2014

INTRO

Download this report (PDF)

What's Up With The Bar Code?

This QR code makes it easy for you to download thisreport to your smart phone.

1. Make sure your phone can scan a QR code withits camera. If you don't already have one, you can tryhttp://cloudcma.com/qr on your phone's browser todownload an app, or do a Google search for the model ofyour phone along with the term "QR reader".

2. Now use that app to scan the QR code above.

Scott McIntoshColdwell Banker

BRE number 01759826

Mobile 310-500-6107

Web www.scott-mcintosh.com

E-mail [email protected]

Blog www.thewestwoodblog.com

Facebook http://www.facebook.com/agentscott

Twitter https://twitter.com/#!/theagentscott

LinkedIn http://www.linkedin.com/in/agentscott

Address 11999 San Vicente Blvd. Suite 100, LACA 90049

Office 310-979-3942

Cloud CMA

Contact Me