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PREPARED FOR

Westwood Condos Open House 5 11 14

MAY 11, 2014

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14758987 A 10575 ASHTON AVE, Unit 102, Los Angeles $1,249,000

2 14745611 A 1905 MANNING AVE, Unit 301, Los Angeles $1,099,000

3 14734703 A 10345 Wilkins AVE, Unit 101, Los Angeles $995,000

4 14746411 A 1520 S BEVERLY GLEN, Unit 205, Los Angeles $899,000

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

6 14759349 A 10404 ILONA AVE, Unit 6, Los Angeles $799,000

7 14751151 A 10336 ALMAYO AVE, Unit 303, Los Angeles $779,000

8 14755929 A 1819 HOLMBY AVE, Unit 403, Los Angeles $749,000

9 14756859 A 10633 KINNARD AVE, Unit 16, Los Angeles $639,000

10 14757141 A 1827 GREENFIELD AVE, Unit 108, Los Angeles $520,000

11 14757911 A 10450 WILSHIRE BLVD, Unit PHD, Los Angeles $495,000

Status: A = Active

MLS#14758987

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Property Details

$1,249,00010575 ASHTON AVE, Unit 102, Los Angeles

Courtesy of RE/MAX EstatesLISTING INFORMATION

MLS#: 14758987 Beds: 3 Sq Ft: 2,025 List Date: 5/8/14

Status: Active Baths: 3/0 Year Built: 1992 DOM: 3

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors: Mixed (N);Assoc name: Ashton Villas; Assoc amenities: Assoc Maintains Landscape,Controlled Access,Gated Parking;Cooling: Air Conditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632C3;Zoning: LAR3; Pool: No Pool; Patio: Patio Open; CDOM: 3; Number of units: 102; HOA: $575; Lotsize:13793;

REMARKS

This spacious light and bright rear luxury condo has a tiled entryway a large reception area with an open floor planfor large parties. There is a versatile den that could be used as a t.v. room, game room or guest bedroom, whateversuits your needs. The gourmet eat-in kitchen has lots of cabinetry, upscale appliances and access to a large privatepatio. The living room has hardwood floors, fireplace, crown molding, recessed lighting on dimmers and opens tothe patio as well. There is a large dining area capable of handling a large table and chairs. MBR has a spa tub. Thereare no steps in the unit and elevator access from the garage. Access from the patio to the gated underground garagewith a private storage room and 4 S x S tandem parking spaces directly below the unit. Security cameras all aroundthe bldg's. exterior. A preferred elementary school is just a couple of walk...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14758987

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$1,249,00010575 ASHTON AVE, Unit 102, Los Angeles

MLS#14758987

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$1,249,00010575 ASHTON AVE, Unit 102, Los Angeles

MLS#14745611

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Property Details

$1,099,0001905 MANNING AVE, Unit 301, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14745611 Beds: 4 Sq Ft: 2,698 List Date: 3/19/14

Status: Active Baths: 3/1/0/0 Year Built: 1980 DOM: 53

FEATURES

Status details: Active; Appliances: Dryer,Refrigerator,Washer; Floors: Hardwood; Assoc name: ManningCondo Association; Assoc amenities: Controlled Access,Gated Parking; Cooling: Central A/C; Heating:Central Furnace; View: City Lights View,Tree Top View; TB map code: 632C4; Zoning: LARD1.5; Pool: NoPool; Patio: Patio Open; CDOM: 96; Number of units: 5; HOA: $400;

REMARKS

Updated 4 bed/3.75 ba (3+loft used as 4th bedrm) Penthouse unit with incredible volume and spaciousness. Locatedin smaller 5-unit building, this condo feels like a home with double door entry, 20 ft ceilings in living & diningrooms w/ balcony overlooking Century City & tree tops views. Remodeled kitchen w/ granite countertops &flooring, stone tile back-splash, stainless steel appliances & blt-in breakfast banquette. Spacious rear master suite with2 large walk-in closets. Remodeled master bathroom w/ marble finishes, dual basins, spa tub & separate shower w/ 2skylights. Large private rooftop patio off upstairs loft (used as 4th bedroom) w/ city views. Hardwood flooring,crown molding, all bathrooms updated, central a/c/heat. Quick stroll to Westwood Charter, Century City ShoppingCenter & Westwood retail. A special find!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14745611

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$1,099,0001905 MANNING AVE, Unit 301, Los Angeles

MLS#14745611

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$1,099,0001905 MANNING AVE, Unit 301, Los Angeles

MLS#14734703

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Property Details

$995,00010345 Wilkins AVE, Unit 101, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14734703 Beds: 2 Sq Ft: 1,454 List Date: 2/5/14

Status: Active Baths: 2/1 Year Built: 2011 DOM: 95

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: 95; Number of units: 16; HOA: $420;Lotsize: 0;

REMARKS

One of the most gorgeous units in Westwood! This Luxurious 2bd+2.5ba condo in newer contemporaryMediterranean 16 unit Building (completed in 2012). Perfect for entertaining, this private Gorgeous sunlit (southern& western exposures) unit has an open living & dining area, w/ high ceilings, fireplace, custom built-in entertainmentcenter, & hardwood flrs, that open outdoors thru tall wood French doors & windows to an extremely rare hugeprivate wraparound landscaped terrace. Beautiful designer kitchen w/ Bosch stainless steel appliances, granite countertops, & 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, garagew/ storage, & Washer/dryer in unit completes this luxurious lifestyle. Excellent location minutes to Cen...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14734703

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$995,00010345 Wilkins AVE, Unit 101, Los Angeles

MLS#14734703

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$995,00010345 Wilkins AVE, Unit 101, Los Angeles

MLS#14746411

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Property Details

$899,0001520 S BEVERLY GLEN, Unit 205, Los Angeles

Courtesy of Rodeo Realty - Beverly HillsLISTING INFORMATION

MLS#: 14746411 Beds: 2 Sq Ft: 2,221 List Date: 3/27/14

Status: Active Baths: 3/0 Year Built: 1983 DOM: 41

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Refrigerator,Washer; Interior: Elevator,Intercom; Floors:Wood; Assoc name: The Concord; Assoc amenities: Controlled Access,Gym/Ex Room,Storage Area,FitnessCenter,Gated Community Guard,Gated Parking,Guest Parking,Onsite Property Management,Sauna; Cooling: AirConditioning,Central A/C; Heating: Central Furnace; View: Pool View; TB map code: 632D3; Zoning:LAR3; Pool: Association Pool; Patio: Enclosed; CDOM: 41; Number of units: 45; HOA: $745; Lotsize:38001;

REMARKS

If you saw it before, you will not recognize it now! Townhouse style condominium with appx 2200 sq ft. Doublewide front doors open to dramatic 2 story entry. Gorgeous and tranquil rear facing unit with architectural ceilingsand fireplace in the living room, looking out to 25 ft private, landscaped patio and just steps to the pool. Beautifullymaintained with upgrades throughout, including wood floors, granite countertops, updated kitchen and baths.Romantic master with his & hers walk in closets, is conveniently located on the same level as the living area. Theguest suite is upstairs & overlooks the patio and treetops. Convertible den/office completes the upstairs level. Greatbuilding with fully equipped gym, saunas and pool. Storage unit, & night security guard on premises. HOA includesEQ insurance. Sq ft is different from public records per seller and measured by R.E.S.T. Bu...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14746411

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$899,0001520 S BEVERLY GLEN, Unit 205, Los Angeles

MLS#14746411

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$899,0001520 S BEVERLY GLEN, Unit 205, 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: 1/23/14

Status: Active Baths: 2/1 Year Built: 2007 DOM: 108

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: 108; 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#14759349

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Property Details

$799,00010404 ILONA AVE, Unit 6, Los Angeles

Courtesy of Partners Trust BrentwoodLISTING INFORMATION

MLS#: 14759349 Beds: 3 Sq Ft: 1,688 List Date: 5/9/14

Status: Active Baths: 2/1/0/0 Year Built: 1950 DOM: 2

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Gas Dryer Hookup,Refrigerator; Floors:Ceramic Tile,Hardwood; Assoc name: unknown; Assoc amenities: Assoc Maintains Landscape; Cooling: AirConditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632E5; Zoning: LAR3;Pool: No Pool; CDOM: 2; Number of units: 6; HOA: $307; Lotsize: 7221;

REMARKS

This is it when it comes to charm coupled w/ the modern amenities we have all grown so accustomed too! Gorgeouslayout w/ wood floors throughout. Separate & secluded chic Dining Room entered through an arched doorway. Offthe DR & the LR is the extremely spacious chef's kitchen w/ ample cabinet space tailored off with Quartzcountertops & a fantastic breakfast bar. Kitchen also includes top of the line SS appliances - Viking Range & Hoodw/ grill, double oven, 6 burners plus a Sub Zero fridge, dishwasher & a wine fridge. Continue through this spaciousretreat to find all 3 bathrooms have been completely updated w/ the 3rd being the master bath featuring a glassenclosed marble tiled shower, dual sinks & marble counters, ceramic tile floors & beautiful mosaic tilescomplimenting the shower floor. Master Suite has an abundance of space with wood floors & a great walk-in closetw/ built...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14759349

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$799,00010404 ILONA AVE, Unit 6, Los Angeles

MLS#14759349

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$799,00010404 ILONA AVE, Unit 6, Los Angeles

MLS#14751151

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Property Details

$779,00010336 ALMAYO AVE, Unit 303, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14751151 Beds: 3 Sq Ft: 1,900 List Date: 4/10/14

Status: Active Baths: 2/1/0/0 Year Built: 1981 DOM: 31

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: 31; 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.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14751151

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$779,00010336 ALMAYO AVE, Unit 303, Los Angeles

MLS#14755929

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Property Details

$749,0001819 HOLMBY AVE, Unit 403, Los Angeles

Courtesy of Coldwell Banker-BrentwoodLISTING INFORMATION

MLS#: 14755929 Beds: 2 Sq Ft: 1,789 List Date: 4/28/14

Status: Active Baths: 2/1 Year Built: 1990 DOM: 13

FEATURES

Status details: Active; Appliances: Dryer,Garbage Disposal,Washer; Interior: Elevator,Intercom; Floors:Carpet,Hardwood,Tile (N); Assoc name: Holmby Plaza; Assoc amenities: Controlled Access,Guest Parking;Cooling: Central A/C; Heating: Central Furnace; View: City View,Hills View,Mountain View; TB map code:632D4; Zoning: LAR3; Pool: No Pool; CDOM: 13; Number of units: 16; HOA: $420; Lotsize: 13330;

REMARKS

Light-filled 2 Bedrooms plus Den and 2.5 Bathroom Penthouse with 2 Balconies plus a large, private roof top patio.With floor to ceiling windows and skylights awaits your personal touches. Large light and airy living room withrecessed lights, fireplace and balcony w/views of Century City and mountains. Kitchen with eat-in area. Den withhardwood floors and wet bar. Large master suite with fireplace and balcony w/rooftop views to the ocean. Featureshis and hers closets. Master bath w/skylight, spa tub, separate shower and double vanity. Second bedroom featuring awalk in closet and attached bath. Powder room with skylight. Central Air and Heat. Side by side washer and dryer w/storage area. Walking distance to Century City restaurants & theaters.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14755929

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$749,0001819 HOLMBY AVE, Unit 403, Los Angeles

MLS#14755929

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$749,0001819 HOLMBY AVE, Unit 403, Los Angeles

MLS#14756859

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Property Details

$639,00010633 KINNARD AVE, Unit 16, Los Angeles

Courtesy of Trimax Realty, Inc.LISTING INFORMATION

MLS#: 14756859 Beds: 2 Sq Ft: 1,304 List Date: 4/30/14

Status: Active Baths: 2/0 Year Built: 1964 DOM: 11

FEATURES

Status details: Active; Appliances: Dishwasher,Electric Dryer Hookup,Garbage Disposal,Refrigerator; Floors:Carpet,Mixed (N); Assoc name: KINNARD HOA; Assoc amenities: Gated Parking,Other; Cooling: AirConditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632C3; Zoning: LAR3;Pool: No Pool; CDOM: 11; Number of units: 24; HOA: $536; Lotsize: 20070;

REMARKS

SUPER CLEAN & PRIVATE 3RD LEVEL UNIT IN THE HEART OF WESTWOOD ON 1 OF THE BESTSTREETS N. OF SANTA MONICA BLVD. BRIGHT & QUITE REAR CORNER UNIT. HUGE BALCONY OFFLARGE LIVING ROOM W/ SEPARATE DINING AREA & SMOOTH CEILINGS THROUGHOUT UNIT. BOTHBEDROOMS W/ WALK-IN CLOSETS & BATH. KITCHEN W/ PLENTY OF CABINET SPACE. ONLY 1COMMON WALL. NO ONE ABOVE OR TO THE RIGHT! GREAT FOR ENTERTAINING! WASHER &DRYER HOOKUPS IN THE UNIT AS WELL AS COMMUNITY LAUNDRY. UNIT HAS EXTRA STORAGESPACE IN PARKING. 2 CAR TANDEM. COMMON AREA ROOF TOP DECK ACCESS W/ CENTURY CITYVIEWS. GREAT SECURITY! LOW HOA. FRESHLY PAINTED! EASY TO SHOW! (1ST SHOWING ON 5/4/14 2-5PM)

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14756859

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$639,00010633 KINNARD AVE, Unit 16, Los Angeles

MLS#14756859

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$639,00010633 KINNARD AVE, Unit 16, Los Angeles

MLS#14757141

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$520,0001827 GREENFIELD AVE, Unit 108, Los Angeles

Courtesy of Partners Trust BrentwoodLISTING INFORMATION

MLS#: 14757141 Beds: 2 Sq Ft: 968 List Date: 5/1/14

Status: Active Baths: 2/0 Year Built: 1978 DOM: 10

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Other; Assoc name:NA; Assoc amenities: None (N); Cooling: Central A/C,Ceiling Fan(s); Heating: Central Furnace; View: NoView; TB map code: 632B5; Zoning: LAR3; Pool: No Pool; CDOM: 10; Number of units: 16; HOA:$300; Lotsize: 13226;

REMARKS

Location, Location, Location! This superb Westside 2 bed / 2 bath condo has just been recently remodeled. Featuresinclude brand new bathrooms with granite counters, kitchen with granite counters and stainless steel appliances,wood floors throughout, spacious bedrooms, ample closet space, a beautiful fireplace, new window treatments. Petsare okay, central air and heat, 2 car underground secure parking and lots of storage. Only a couple blocks to lots ofgreat restaurants and shops and a 5 minute drive to UCLA.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14757141

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$520,0001827 GREENFIELD AVE, Unit 108, Los Angeles

MLS#14757141

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$520,0001827 GREENFIELD AVE, Unit 108, Los Angeles

MLS#14757911

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Property Details

$495,00010450 WILSHIRE BLVD, Unit PHD, Los Angeles

Courtesy of Coldwell Banker-BH NorthLISTING INFORMATION

MLS#: 14757911 Beds: 1 Sq Ft: 1,053 List Date: 5/5/14

Status: Active Baths: 1/1 Year Built: 1961 DOM: 6

FEATURES

Status details: Active; Appliances: Dishwasher,Refrigerator; Floors: Carpet; Assoc name: The Churchill;Assoc amenities: Gym/Ex Room,Gym/Ex Room,Storage Area,Security; Cooling: Air Conditioning,Central A/C;Heating: Central Furnace; View: City Lights View,Ocean View; TB map code: 632C2; Zoning: LAR5; Pool:Community Pool,Heated,Association Pool; CDOM: 6; Number of units: 111; HOA: $840; Lotsize: 41025;

REMARKS

Live on the Wilshire Corridor in a Penthouse! Quiet, Rear Facing unit with jetliner south and west views. See theocean, fireworks on the 4th of July and watch the planes take off from LAX. Blank Slate at The Churchill! Make thisgenerous one bedroom, one & a half bathroom your own pied ~~ terre. All Neutral with new paint & carpet. Goodsize living space plus extra storage. Nice large windows capture the light. The quiet balcony offers a calm refuge andoverlooks the pool which is being fully remodeled. Full service building. 24 hour security, valet, pool, spa, sauna,recreation room & gym. Least expensive penthouse on the Wilshire Corridor. Hurry, won't last!

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

MLS#14757911

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Listing Photos

$495,00010450 WILSHIRE BLVD, Unit PHD, Los Angeles

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.

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

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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

Mobile 310-500-6107

Web www.scott-mcintosh.com

E-mail scott@scott-mcintosh.com

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