40
Buyer Tour PREPARED FOR Westwood Homes Open House 5 11 14 MAY 11, 2014

Westwood Homes Open House May 11th, 2014

Embed Size (px)

DESCRIPTION

This buyer tour booklet lists all the homes open in Westwood on Sunday May 11th, 2014.

Citation preview

Page 1: Westwood Homes Open House May 11th, 2014

Cloud CMA

Buyer Tour

PREPARED FOR

Westwood Homes Open House 5 11 14

MAY 11, 2014

Page 2: Westwood Homes Open House May 11th, 2014

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14752501 A 1044 MANNING AVE, Los Angeles $2,999,999

2 14756743 A 10764 LINDBROOK DR, Los Angeles $2,395,000

3 14758335 A 11228 CASHMERE ST, Los Angeles $2,299,000

4 14733319 A 11150 W SUNSET BLVD, Los Angeles $2,099,000

5 14745247 A 2025 FAIRBURN AVE, Los Angeles $1,499,000

6 SR14094757 A 2231 Veteran Avenue, Los Angeles $1,395,000

7 14758903 A 2231 SELBY AVE, Los Angeles $1,379,000

8 14753927 A 2151 GLENDON AVE, Los Angeles $1,350,000

9 14756993 A 1945 S BENTLEY AVE, Los Angeles $1,349,000

10 14755101 A 2144 MIDVALE AVE, Los Angeles $1,275,000

11 14759077 A 2170 LINNINGTON AVE, Los Angeles $995,000

Page 3: Westwood Homes Open House May 11th, 2014

Status: A = Active

Page 4: Westwood Homes Open House May 11th, 2014

MLS#14752501

Cloud CMA

Property Details

$2,999,9991044 MANNING AVE, Los Angeles

Courtesy of John Aaroe GroupLISTING INFORMATION

MLS#: 14752501 Beds: 4 Sq Ft: 3,076 List Date: 4/17/14

Status: Active Baths: 3/1 Year Built: 1940 DOM: 24

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Carpet,Hardwood,Mixed(N); Assoc name: na; Cooling: Central A/C,Zoned A/C; Heating: Central Furnace; View: Park Or Green BeltView; TB map code: 632B3; Zoning: LAR1; Pool: Private Pool; Patio: Patio Open; CDOM: 24; Lotdescription: Walk Street; Lotsize: 9388;

REMARKS

REDUCED! In desirable Westwood/ Little Holmby this contemporary home is turnkey with no detail spared! Airy,bright, & filled with numerous skylights, this 4BD + 3.5BA home has an open floor plan that is inviting from themoment you enter. Spacious living room w/ warm fireplace flows to the step down family room/den. The updatedchef's kitchen features an oversized kitchen island & the open dining area has a wall of doors that fully open toseamlessly incorporate an indoor/outdoor lifestyle. Stainless steel Subzero & Bosch appliances, 2 dishwashers, largepantry & sleek cabinetry. A generous master suite is your pvt. retreat w/ large walk-in closet & spa-like bath. Threeadditional bdrms upstairs w/ large windows & baths. A very private backyard w/ sparkling pool/ spa, grassy yard,BBQ station, small sports court, exquisite landscaping, dog run & vegetable garden. Spacious laundry & c...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 5: Westwood Homes Open House May 11th, 2014

MLS#14752501

Cloud CMA

Listing Photos

$2,999,9991044 MANNING AVE, Los Angeles

Page 6: Westwood Homes Open House May 11th, 2014

MLS#14752501

Cloud CMA

More Listing Photos

$2,999,9991044 MANNING AVE, Los Angeles

Page 7: Westwood Homes Open House May 11th, 2014

MLS#14756743

Cloud CMA

Property Details

$2,395,00010764 LINDBROOK DR, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 14756743 Beds: 5 Sq Ft: 4,010 List Date: 4/30/14

Status: Active Baths: 5/0 Year Built: 1935 DOM: 11

FEATURES

Status details: Active; Appliances: Refrigerator,Washer; Floors: Carpet,Hardwood; Cooling: Central A/C;Heating: Central Furnace; View: City Lights View; TB map code: 632B3; Zoning: LAR1; Patio: CoveredPorch,Patio Open; CDOM: 11; Lotsize: 7772;

REMARKS

A true Little Holmby classic 1935 Mediterranean completely unspoiled with beautiful original architectural details!Incredible home that is perfect for entertaining. Newer gourmet kitchen done in the original style. New plumbingand electrical; outstanding powder room with venetian plaster and custom Art Nouveau stained glass window;custom tile and stained glass throughout. Four large bedrooms and three original bedrooms upstairs. Fabulous backyard with newer pool, spa, built-in barbeque, fountain, firepit and outdoor living area under a giant pergoia. Three-car garage has been converted to a surround sound media room with custom cabinetry and encaustic tile floors and atemperature-controlled, alarmed storage area. Rarely does an opportunity come along to own a home like this in oneof the best locations in Los Angeles. Warner Avenue School. Check private remarks for websit...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 8: Westwood Homes Open House May 11th, 2014

MLS#14756743

Cloud CMA

Listing Photos

$2,395,00010764 LINDBROOK DR, Los Angeles

Page 9: Westwood Homes Open House May 11th, 2014

MLS#14756743

Cloud CMA

More Listing Photos

$2,395,00010764 LINDBROOK DR, Los Angeles

Page 10: Westwood Homes Open House May 11th, 2014

MLS#14758335

Cloud CMA

Property Details

$2,299,00011228 CASHMERE ST, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14758335 Beds: 4 Sq Ft: 2,960 List Date: 5/8/14

Status: Active Baths: 3/1 Year Built: 1946 DOM: 3

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors:Carpet,Hardwood,Tile (N); Cooling: Central A/C; Heating: Central Furnace; View: No View; TB map code:631J2; Zoning: LAR1; Pool: Heated,Private Pool; Patio: Covered Porch,Patio Open; CDOM: 3; Lotsize:6835;

REMARKS

Exceptional Monterey Colonial in the highly sought-after Westwood Hills neighborhood. This 4 bedroom, 3~~ bathhome has wonderful curb appeal, all set in a mature, leafy landscape framed by a white fence and gate. Featuring theclassic central hall floor plan which provides the homeowner an easy circular flow from room-to-room. It is updatedthroughout w/ fine use of materials & finishes complementing the intact original architectural details. ExpansiveFormal Living Room w/ stone-carved fireplace. Family/Media Room featuring a custom built entertainment center &bookcases. Formal Dining Room. Fabulous Gourmet Cook's Kitchen w/ multiple culinary workspaces, large centerisland & Breakfast Area. Powder Room. Upstairs there are four bedrooms including a Master. All the bathrooms havebeen beautifully redone. The Master Bedroom has two walk-in closets and a sumptuous Master Bath. Private...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 11: Westwood Homes Open House May 11th, 2014

MLS#14758335

Cloud CMA

Listing Photos

$2,299,00011228 CASHMERE ST, Los Angeles

Page 12: Westwood Homes Open House May 11th, 2014

MLS#14758335

Cloud CMA

More Listing Photos

$2,299,00011228 CASHMERE ST, Los Angeles

Page 13: Westwood Homes Open House May 11th, 2014

MLS#14733319

Cloud CMA

Property Details

$2,099,00011150 W SUNSET BLVD, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 14733319 Beds: 4 Sq Ft: 2,474 List Date: 1/29/14

Status: Active Baths: 1/2/1/0 Year Built: 1951 DOM: 102

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: 102; 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 14: Westwood Homes Open House May 11th, 2014

MLS#14733319

Cloud CMA

Listing Photos

$2,099,00011150 W SUNSET BLVD, Los Angeles

Page 16: Westwood Homes Open House May 11th, 2014

MLS#14745247

Cloud CMA

Property Details

$1,499,0002025 FAIRBURN AVE, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14745247 Beds: 5 Sq Ft: 2,784 List Date: 3/18/14

Status: Active Baths: 2/1/0/0 Year Built: 1937 DOM: 54

FEATURES

Status details: Active; Appliances: Dishwasher; Floors: Hardwood; Cooling: None; Heating: CentralFurnace; View: Tree Top View; TB map code: 632D4; Zoning: LAR1; CDOM: 54; Lotsize: 5769;

REMARKS

Spacious 5 bed/3 bath 2-story Traditional set privately on knoll on premier Westwood street w/ inviting coveredfront porch. Living room w/ fireplace & built-in book shelf opens to formal dining room w/ wainscoting. Ideallydesigned floor plan with kitchen & breakfast bar opening to rear family room w/ french door access to grassybackyard w/ mature lemon tree. 3 bedrooms downstairs, w/ rear bedroom opening to en-suite bathroom. 2 bedroom/1 bath + open loft area (ideal for desk/home office) upstairs w/ large master suite overlooking tree-top views & 2spacious walk-in closets. Master bathroom w/ dual basins & separate bath & shower. Additional features include peg-n-groove hardwood flooring throughout, crown molding, spacious bedrooms. Laundry room off kitchen. Oversized4-car garage w/ automatic door, tile flooring including adjacent large finished storage room. Close proximity to Ce...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 17: Westwood Homes Open House May 11th, 2014

MLS#14745247

Cloud CMA

Listing Photos

$1,499,0002025 FAIRBURN AVE, Los Angeles

Page 18: Westwood Homes Open House May 11th, 2014

MLS#14745247

Cloud CMA

More Listing Photos

$1,499,0002025 FAIRBURN AVE, Los Angeles

Page 19: Westwood Homes Open House May 11th, 2014

MLS#SR14094757

Cloud CMA

Property Details

$1,395,0002231 Veteran Avenue, Los Angeles

Courtesy of M.Pirian Real EstateLISTING INFORMATION

MLS#: SR14094757 Beds: 3 Sq Ft: 1,630 List Date: 5/7/14

Status: Active Baths: 2.00 Year Built: 1928 DOM: 4

FEATURES

Status details: Active; Appliances: Freezer,Garbage Disposal,Refrigerator; Exterior: Stucco; Interior:Turnkey,Open Floor Plan; Floors: Hardwood; Roof: Tile; Cooling: Central A/C; Heating: Central Furnace;Pool: No Pool; Spa: None; Patio: Deck(s); CDOM: 4; Water: Water District,Public; Lot description: Curbs;Cross streets: Veteran and Olympic; Number of units: 1; Lotsize: 5405; Acres: 0.124;

REMARKS

Newly rebuilt from the foundation with redesigned floor plan. High pitched ceiling in living room and formaldining room. Correra marble counter tops in kitchen and baths, stainless steel appliances, designer tiles, custommade cabinetry, tankless water heater, recess lighting, new plumbing and electrical. New central air condition andheating system. Gorgeous entrance door and gated driveway.. Large windows throughout let light stream in at alltimes of day. Detached 2 car garage with finished wall can be use for additional space. New landscaped front yardand back yard with new wood decking, offers outdoor spaces. Located in Westwood charter district school.

Source: CARETS_CRISNETInformation is deemed reliable but not guaranteed.

Page 20: Westwood Homes Open House May 11th, 2014

MLS#SR14094757

Cloud CMA

Listing Photos

$1,395,0002231 Veteran Avenue, Los Angeles

Page 22: Westwood Homes Open House May 11th, 2014

MLS#14758903

Cloud CMA

Property Details

$1,379,0002231 SELBY AVE, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14758903 Beds: 3 Sq Ft: 1,492 List Date: 5/8/14

Status: Active Baths: 1/1/0/0 Year Built: 1928 DOM: 3

FEATURES

Status details: Active; Floors: Hardwood; Cooling: Air Conditioning; Heating: Central Furnace; View: NoView; TB map code: 632C5; Zoning: LAR1; CDOM: 3; Lotsize: 6087;

REMARKS

English style exterior and a beautifully remodeled interior with a dramatic barrel ceiling living room and surprisingarch detail. Unusual step up dining room, state of the art kitchen with gorgeous Bertazzoni-Italia range and access tothe enormous rear deck and back yard for entertaining. Three bedrooms, two with access to the outside. Twobeautifully remodeled bathrooms. Newly replaced windows and most doors. Central heat and air-conditioning. LushEnglish-garden style rear yard that's gated, fenced and private. Coveted Westwood Charter School.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 23: Westwood Homes Open House May 11th, 2014

MLS#14758903

Cloud CMA

Listing Photos

$1,379,0002231 SELBY AVE, Los Angeles

Page 24: Westwood Homes Open House May 11th, 2014

MLS#14758903

Cloud CMA

More Listing Photos

$1,379,0002231 SELBY AVE, Los Angeles

Page 25: Westwood Homes Open House May 11th, 2014

MLS#14753927

Cloud CMA

Property Details

$1,350,0002151 GLENDON AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14753927 Beds: 4 Sq Ft: 2,095 List Date: 4/24/14

Status: Active Baths: 3/0 Year Built: 1936 DOM: 17

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Refrigerator,Washer,Water Filter; Floors: Mixed (N);Cooling: Other; Heating: Central Furnace; View: Tree Top View; TB map code: 632C5; Zoning: LAR1;Patio: Covered Porch,Patio Open; CDOM: 17; Lotsize: 6759;

REMARKS

Lovely gated 4 bedrooms, 3 baths traditional home conveniently located within blocks of prestigious WestwoodCharter School! Additional detached studio with bathroom and private entry in backyard! 2,095 square foot mainhouse with 4 bedrooms including two master suites. French doors off kitchen opens to covered patio area and largebackyard, perfect for BBQs and entertaining. Rare attached 2-car garage with ample driveway parking. Well cared forwith new paint, sprinkler system, and landscaping. Move-in ready, a must see!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 26: Westwood Homes Open House May 11th, 2014

MLS#14753927

Cloud CMA

Listing Photos

$1,350,0002151 GLENDON AVE, Los Angeles

Page 27: Westwood Homes Open House May 11th, 2014

MLS#14753927

Cloud CMA

More Listing Photos

$1,350,0002151 GLENDON AVE, Los Angeles

Page 28: Westwood Homes Open House May 11th, 2014

MLS#14756993

Cloud CMA

Property Details

$1,349,0001945 S BENTLEY AVE, Los Angeles

Courtesy of Keller Williams Rlty-Marina/LALISTING INFORMATION

MLS#: 14756993 Beds: 3 Sq Ft: 1,670 List Date: 5/1/14

Status: Active Baths: 3/0 Year Built: 1931 DOM: 10

FEATURES

Status details: Active; Appliances: Dishwasher; Floors: Hardwood,Tile (N); Cooling: Central A/C; Heating:Central Furnace; View: Other View; TB map code: 632B5; Zoning: LAR1; CDOM: 10; Lotsize: 4923;

REMARKS

Come see this Dramatic Westwood Mediterranean remodeled to perfection! This stunning home has 3 bedrooms & 3bathrooms with a very modern, & expansive living & dining area opening to an entertainers kitchen. High qualityupgrades & attention to detail throughout include hickory hard wood floors, wood beamed ceilings, originalfireplace, & contemporary hardware & lighting. Large chef's kitchen with top of the line appliances from Bertazzoni& Jenn-Air, center island & breakfast bar. Amazing master suite offering spa bath with skylight, large walk-in shower,claw foot tub, custom white oak dual vanity, Italian tile, & walk-in closet with built-ins. Charming outdoor spacesinclude a front courtyard with a 5 spout fountain, a back deck off the master & a back yard lounge surrounding afire pit. Finished garage with French Doors opening to lushly landscaped yard. New roof, copper plumbing,...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 29: Westwood Homes Open House May 11th, 2014

MLS#14756993

Cloud CMA

Listing Photos

$1,349,0001945 S BENTLEY AVE, Los Angeles

Page 30: Westwood Homes Open House May 11th, 2014

MLS#14756993

Cloud CMA

More Listing Photos

$1,349,0001945 S BENTLEY AVE, Los Angeles

Page 31: Westwood Homes Open House May 11th, 2014

MLS#14755101

Cloud CMA

Property Details

$1,275,0002144 MIDVALE AVE, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14755101 Beds: 4 Sq Ft: 2,319 List Date: 4/24/14

Status: Active Baths: 2/1 Year Built: 1926 DOM: 17

FEATURES

Status details: Active; Appliances: Dishwasher; Floors: Hardwood,Slate; Cooling: Central A/C; Heating:Central Furnace; View: No View; TB map code: 632C5; Zoning: LAR1; Patio: Patio Open; CDOM: 69;Lotsize: 6750;

REMARKS

Updated 4 bed/2.5 bath Country English with spacious 2,319sf floor plan. Filled with natural light & ideal indoor/outdoor flow with french doors throughout. Enter front patio to living room w/ picture window, barrel ceiling &fireplace. Formal dining room w/ soffit ceiling & french doors opening to front patio, great for entertaining.Remodeled kitchen w/ granite countertops, slate-tiled flooring, stainless steel appliances leading to laundry room w/side yard access. Incredibly spacious master suite w/ vaulted ceiling, large walk-in closet & french doors to rear deck &privately landscaped yard w/ mature lemon tree. Master bathroom w/ marble finishes, dual sinks, separate shower &spa tub. Additional features include 3rd bedrm w/ french doors to deck, remodeled 2nd full bath & powder room,central a/c/heat, alarm system, freshly painted interior. Gated driveway w/ porte cochere & d...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 32: Westwood Homes Open House May 11th, 2014

MLS#14755101

Cloud CMA

Listing Photos

$1,275,0002144 MIDVALE AVE, Los Angeles

Page 33: Westwood Homes Open House May 11th, 2014

MLS#14755101

Cloud CMA

More Listing Photos

$1,275,0002144 MIDVALE AVE, Los Angeles

Page 34: Westwood Homes Open House May 11th, 2014

MLS#14759077

Cloud CMA

Property Details

$995,0002170 LINNINGTON AVE, Los Angeles

Courtesy of Partners Trust BrentwoodLISTING INFORMATION

MLS#: 14759077 Beds: 3 Sq Ft: 1,296 List Date: 5/8/14

Status: Active Baths: 2/0 Year Built: 1946 DOM: 3

FEATURES

Status details: Active; Appliances: Dryer,Refrigerator,Washer; Floors: Wood,Other; Cooling: None; Heating:Central Furnace; View: No View; TB map code: 632D4; Zoning: LAR1; CDOM: 3; Lotsize: 4936;

REMARKS

Beautifully remodeled 3 bedroom, 2 bathroom in Prime Westwood, just minutes from local shopping and dining.Beautifully updated interiors with new floors, stainless steel appliances, designer-done bathrooms and modernfinishes throughout. Double-paned windows and additional insulation in certain street-facing walls allow for addedsoundproofing. Brick patio and new landscaping in backyard creates a great outdoor space perfect for grilling andentertaining. All of this in the Westwood Charter school district! Welcome Home!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 35: Westwood Homes Open House May 11th, 2014

MLS#14759077

Cloud CMA

Listing Photos

$995,0002170 LINNINGTON AVE, Los Angeles

Page 36: Westwood Homes Open House May 11th, 2014

MLS#14759077

Cloud CMA

More Listing Photos

$995,0002170 LINNINGTON AVE, Los Angeles

Page 37: Westwood Homes Open House May 11th, 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 38: Westwood Homes Open House May 11th, 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 39: Westwood Homes Open House May 11th, 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 40: Westwood Homes Open House May 11th, 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