Cloud CMA

Buyer Tour

PREPARED FOR

Westwood Homes Open House SuperbowlSunday Feb 1st, 2015

FEBRUARY 1, 2015

INFOCloud CMA

The Homebuying ProcessFollow These StepsGet prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as childsupport as well as the type of loan you choose. Other factors that impact how much home you can buy is the downpayment; smaller down payments mean higher monthly payments. Last, the interest rate and terms (30-year, fixed oradjustable rate) 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. Considerlifestyle - condominiums offer shared amenities, with little responsibility. Single-family homes offer more space andprivacy, but much 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 bestsuits the 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,the bank 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

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14-793681 A 10736 LE CONTE AVE, Los Angeles $2,775,000

2 15-819395 A 10607 ROCHESTER AVE, Los Angeles $2,199,000

3 14-808119 A 10748 LINDBROOK DR, Los Angeles $2,195,000

4 14-790747 A 11231 HOMEDALE ST, Los Angeles $2,179,000

5 15-822947 A 10764 ROCHESTER AVE, Los Angeles $1,875,000

6 15-824433 A 2001 SELBY AVE, Los Angeles $1,099,000

Status: A = Active

MLS#14-793681

Cloud CMA

Property Details$2,775,00010736 LE CONTE AVE, Los Angeles

Courtesy of Coldwell Banker Residential BrokerageLISTING INFORMATION

MLS#: 14-793681 Beds: 3 Sq Ft: 3,227 List Date: 9/13/14

Status: Active Baths: 2/1 Year Built: 1934 DOM: 141

FEATURES

Floors: Hardwood, Other Stories: 2 Cooling: Central Heating: Forced Air View: None Zoning: LAR1Pool: None Lotsize: 6593

REMARKS

The Little Holmby Jewel you have waited for! Regal and stately on the outside, picture-perfect on the inside.Fashionably remodeled throughout, with a fresh, young flair. Polished wood floors, glossy white trim, the mosttasteful finishes. Every room drenched in sunlight. Gorgeous, living room with dining alcove and bar, opens to ahappy sun-room. Splendid family room opens to deck and gardens. A fabulous, all new chef's kitchen with LaCornue range and cute dining banquette. Cozy library/den for reading or playing games. The large, seductivemaster has a stunning new bath. Two adorable guest rooms with a charming new bath between. A truly beautiful,yet informal home with spontaneous, inviting energy. Almost all new, with state of the art audio/visual systemthroughout and extensive security system with cameras. Pretty gardens with citrus and papaya trees, grassy yard. Abig bonus is...

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#14-793681

How do you rate this property?

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Buyer Comments

$2,775,00010736 LE CONTE AVE, Los Angeles

Courtesy of Coldwell Banker Residential BrokerageLISTING INFORMATION

MLS#: 14-793681 Beds: 3 Sq Ft: 3,227 List Date: 9/13/14

Status: Active Baths: 2/1 Year Built: 1934 DOM: 141

Comments:

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#14-793681

Cloud CMA

Listing Photos$2,775,00010736 LE CONTE AVE, Los Angeles

MLS#14-793681

Cloud CMA

More Listing Photos$2,775,00010736 LE CONTE AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants$2,775,00010736 LE CONTE AVE, Los Angeles

Name Type Distance Rating

The Greenhouse American (New), Salad 0.04 mi 54 reviews

Tanzy Italian 0.33 mi 90 reviews

Garlo's Aussie Pie Shop Australian, Bakeries 0.33 mi 149 reviews

Panini Cafe Italian, Mediterranean 0.34 mi 257 reviews

Palomino American (New), Mediterranean 0.36 mi 967 reviews

SEAS Cafe Cafes 0.4 mi 63 reviews

800 Degrees Neapolitan Pizzeria Pizza, Italian 0.41 mi 1623 reviews

TLT Food American (New) 0.43 mi 564 reviews

Ike's Place Sandwiches 0.44 mi 195 reviews

Mesa Brazilian Eatery Brazilian 0.47 mi 81 reviews

Emporium Thai Cuisine Thai, Vegetarian, Southern 0.5 mi 536 reviews

Native Foods Cafe Vegan, Vegetarian, American (New) 0.5 mi 905 reviews

Naab Cafe Persian/Iranian, Halal, Hookah Bars 0.51 mi 159 reviews

Fundamental LA American (New) 0.53 mi 586 reviews

Gushi Korean 0.54 mi 692 reviews

Fat Sal's Deli Delis, American (New), Burgers 0.54 mi 587 reviews

MLS#15-819395

Cloud CMA

Property Details$2,199,00010607 ROCHESTER AVE, Los Angeles

Courtesy of Keller Williams Beverly HillsLISTING INFORMATION

MLS#: 15-819395 Beds: 4 Sq Ft: 2,395 List Date: 1/6/15

Status: Active Baths: 2/1/0/0 Year Built: 1948 DOM: 26

FEATURES

Floors: Hardwood Stories: 2 Cooling: Air Conditioning Heating: Forced Air View: Tree Top Zoning:LAR1 Lotsize: 6503

REMARKS

Sophisticated redone Traditional with gracious authentic period detail in prime Westwood neighborhood!Beautifully remodeled kitchen and baths, hardwood floors throughout and a huge family room with fireplace, thatopens up to the lovely back yard. Formal dining room and expansive living room perfect for entertaining. A truemaster suite with ample closet space and en-suite bath. 800 square foot finished bonus room upstairs that iscurrently being used as an office and an upstairs living room. Walking distance to shopping, schools and places ofworship. OPEN SUNDAY, Feb 1st, from 12:00pm until 3:00pm.

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#15-819395

How do you rate this property?

Cloud CMA

Buyer Comments

$2,199,00010607 ROCHESTER AVE, Los Angeles

Courtesy of Keller Williams Beverly HillsLISTING INFORMATION

MLS#: 15-819395 Beds: 4 Sq Ft: 2,395 List Date: 1/6/15

Status: Active Baths: 2/1/0/0 Year Built: 1948 DOM: 26

Comments:

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#15-819395

Cloud CMA

Listing Photos$2,199,00010607 ROCHESTER AVE, Los Angeles

MLS#15-819395

Cloud CMA

More Listing Photos$2,199,00010607 ROCHESTER AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants$2,199,00010607 ROCHESTER AVE, Los Angeles

Name Type Distance Rating

Tanzy Italian 0.48 mi 90 reviews

Bru's Counter Salad, Sandwiches 0.51 mi 93 reviews

P'tit Soleil Tapas/Small Plates, French, Bars 0.55 mi 83 reviews

Attari Sandwich Shop Sandwiches, Persian/Iranian 0.57 mi 330 reviews

Cafe Glace Persian/Iranian, Cafes, Pizza 0.57 mi 127 reviews

Mary & Robb's Westwood Cafe American (Traditional), Breakfast & Brunch 0.57 mi 137 reviews

Pomodoro Trattoria Italian 0.58 mi 527 reviews

Panini Cafe Italian, Mediterranean 0.59 mi 257 reviews

Palomino American (New), Mediterranean 0.59 mi 967 reviews

Fundamental LA American (New) 0.59 mi 586 reviews

Naab Cafe Persian/Iranian, Halal, Hookah Bars 0.6 mi 159 reviews

Sunnin Lebanese Cafe Middle Eastern 0.62 mi 744 reviews

Ramayani Indonesian 0.65 mi 336 reviews

800 Degrees Neapolitan Pizzeria Pizza, Italian 0.66 mi 1623 reviews

Ike's Place Sandwiches 0.69 mi 195 reviews

Clementine American (New), Breakfast & Brunch, Bakeries 0.7 mi 686 reviews

MLS#14-808119

Cloud CMA

Property Details$2,195,00010748 LINDBROOK DR, Los Angeles

Courtesy of Coldwell Banker Residential BrokerageLISTING INFORMATION

MLS#: 14-808119 Beds: 3 Sq Ft: 2,451 List Date: 11/5/14

Status: Active Baths: 3/0 Year Built: 1939 DOM: 61

FEATURES

Floors: Carpet, Hardwood Stories: 1 Cooling: Central Heating: Central View: None Zoning: LAR1Lotsize: 9423

REMARKS

UPDATED ONE STORY CORNER TRADITIONAL HOME WITH OVERSIZED LOT (9,473 SQ.FT.),LOCATED NORTH OF WILSHIRE IN WARNER SCHOOL DISTRICT. LARGE LIVING ROOM ANDDINING AREA WITH HARDWOOD FLOORS AND FIREPLACE, LEADS TO A CENTRAL COURTYARDWHICH IS GREAT FOR ENTERTAINING. THERE ARE 3 BEDROOMS AND 3 UPDATED BATHROOMS.UPDATED KITCHEN WITH GRANITE COUNTER TOPS AND BUILT-INS. WALKING DISTANCE TOWESTWOOD VILLAGE, THEATER, RESTAURANTS, AND SHOPPING.

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#14-808119

How do you rate this property?

Cloud CMA

Buyer Comments

$2,195,00010748 LINDBROOK DR, Los Angeles

Courtesy of Coldwell Banker Residential BrokerageLISTING INFORMATION

MLS#: 14-808119 Beds: 3 Sq Ft: 2,451 List Date: 11/5/14

Status: Active Baths: 3/0 Year Built: 1939 DOM: 61

Comments:

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#14-808119

Cloud CMA

Listing Photos$2,195,00010748 LINDBROOK DR, Los Angeles

COMMUNITYCloud CMA

Area Restaurants$2,195,00010748 LINDBROOK DR, Los Angeles

Name Type Distance Rating

Tanzy Italian 0.22 mi 90 reviews

Panini Cafe Italian, Mediterranean 0.29 mi 257 reviews

Palomino American (New), Mediterranean 0.31 mi 967 reviews

Garlo's Aussie Pie Shop Australian, Bakeries 0.35 mi 149 reviews

800 Degrees Neapolitan Pizzeria Pizza, Italian 0.38 mi 1623 reviews

Ike's Place Sandwiches 0.4 mi 195 reviews

Naab Cafe Persian/Iranian, Halal, Hookah Bars 0.4 mi 159 reviews

Fundamental LA American (New) 0.41 mi 586 reviews

TLT Food American (New) 0.41 mi 564 reviews

Mesa Brazilian Eatery Brazilian 0.43 mi 81 reviews

P'tit Soleil Tapas/Small Plates, French, Bars 0.44 mi 83 reviews

Soleil Westwood French 0.44 mi 448 reviews

Attari Sandwich Shop Sandwiches, Persian/Iranian 0.46 mi 330 reviews

Pomodoro Trattoria Italian 0.47 mi 527 reviews

Native Foods Cafe Vegan, Vegetarian, American (New) 0.48 mi 905 reviews

Cafe Glace Persian/Iranian, Cafes, Pizza 0.5 mi 127 reviews

MLS#14-790747

Cloud CMA

Property Details$2,179,00011231 HOMEDALE ST, Los Angeles

Courtesy of Hilton & HylandLISTING INFORMATION

MLS#: 14-790747 Beds: 5 Sq Ft: 3,396 List Date: 9/4/14

Status: Active Baths: 4/0 Year Built: 1948 DOM: 150

FEATURES

Floors: Carpet, Hardwood, Travertine Stories: 1 Cooling: Air Conditioning, Central Heating: Central View:Tree Top Zoning: LAR1 Pool: In Ground Lotsize: 6494

REMARKS

ON A QUAINT FAMILY-FRIENDLY STREET IN THE WARNER SCHOOL DISTRICT STANDS THISGORGEOUS UPDATED HOUSE READY FOR A FAMILY TO CALL IT "HOME". THE OPEN FLOOR PLANBOASTS AN OVER-SIZED FORMAL LIVING ROOM, ANCHORED BY A FIREPLACE, WITH TONS OFNATURAL LIGHT. DESIGNED WITH FAMILY FUN IN MIND, THE FAM/ROOM FEATURES A BUILT-INLIBRARY- STYLE BOOKSHELF AND OPENS OUT TO THE GREAT OUTDOOR SPACE ALSO KNOWNAS THE "BACKYARD." THE CUSTOM GOURMET KITCHEN IS LOADED WITH ALL THE BELLS/WHISTLES, OFFERING THE PERFECT SETTING FOR EVERY COOK IN THE FAMILY. A PICTURESQUEDINE-IN BREAKFAST AREA, A LARGE FORMAL DINING ROOM, AND 2 BEDRMS ON THE MAINFLOOR, ONE OF WHICH IS CURRENTLY SET UP AS AN OFFICE. UPSTAIRS THERE ARE 3 BEDRMSINCLUDING A PRIVATE MASTER SUITE WITH CATHEDRAL CEILING, A LARGE SPA-LIKE BATH,AND A PRIVATE BALCONY PERFECT FOR ENJOYING A GREAT BOOK OR A QUICK "SIESTA." THEBACKYARD IS A GREAT EXT...

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#14-790747

How do you rate this property?

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Buyer Comments

$2,179,00011231 HOMEDALE ST, Los Angeles

Courtesy of Hilton & HylandLISTING INFORMATION

MLS#: 14-790747 Beds: 5 Sq Ft: 3,396 List Date: 9/4/14

Status: Active Baths: 4/0 Year Built: 1948 DOM: 150

Comments:

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#14-790747

Cloud CMA

Listing Photos$2,179,00011231 HOMEDALE ST, Los Angeles

MLS#14-790747

Cloud CMA

More Listing Photos$2,179,00011231 HOMEDALE ST, Los Angeles

COMMUNITYCloud CMA

Area Restaurants$2,179,00011231 HOMEDALE ST, Los Angeles

Name Type Distance Rating

West Restaurant & Lounge American (New), Lounges 0.34 mi 264 reviews

Il Piccolo Verde Italian 0.48 mi 47 reviews

Bel Air Bar + Grill American (Traditional), Wine Bars 0.53 mi 80 reviews

Manny's Pizzeria Pizza, Italian 0.53 mi 82 reviews

Belwood Bakery Cafe Cafes, Bakeries 0.56 mi 176 reviews

ROAST Deli & Market Delis, Sandwiches, Meat Shops 0.59 mi 154 reviews

Lemonade Delis, Cafes, Juice Bars & Smoothies 0.59 mi 269 reviews

Le Pain Quotidien Breakfast & Brunch, Belgian 0.59 mi 52 reviews

Divino Italian 0.62 mi 77 reviews

Feast At Rieber Asian Fusion, Japanese, Korean 0.67 mi 39 reviews

The Restaurant at The Getty Center American (New), Cafes 0.87 mi 383 reviews

Bella Pita Middle Eastern, Sandwiches, Mediterranean 1.04 mi 478 reviews

Fat Sal's Deli Delis, American (New), Burgers 1.06 mi 587 reviews

Gushi Korean 1.07 mi 692 reviews

Coral Tree Cafe Breakfast & Brunch, Sandwiches, Coffee & Tea 1.17 mi 706 reviews

SEAS Cafe Cafes 1.2 mi 63 reviews

MLS#15-822947

Cloud CMA

Property Details$1,875,00010764 ROCHESTER AVE, Los Angeles

Courtesy of Gibson InternationalLISTING INFORMATION

MLS#: 15-822947 Beds: 3 Sq Ft: 1,913 List Date: 1/26/15

Status: Active Baths: 1/1/1/0 Year Built: 1930 DOM: 6

FEATURES

Floors: Hardwood, Tile Roof: Tar and Gravel, Tile Stories: 1 Mello Roos: No Cooling: Air ConditioningHeating: Central, Forced Air View: None Zoning: LAR1 Pool: None Patio: Deck(s) Water: PublicLotsize: 7091

REMARKS

Situated on a large lot, this tastefully updated single level Spanish home still retains all its original charm withgated courtyard entry, hardwood floors, and arched doorways. Additional features include spacious formal livingroom with exposed beam ceiling and fireplace, large formal dining room with tray ceiling, cozy breakfast nook,gourmet kitchen with granite counters and stainless appliances, lovely master suite with sumptuous remodeled bath,second bedroom with attached bath, sizable third bedroom/office, rear wood deck overlooking private yard,detached full-size two car garage, and updated systems including central heat and air conditioning. Convenientlylocated just minutes from Westwood Village, Century City mall and Beverly Hills and in the coveted Fairburnschool district make this a must see home.

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#15-822947

How do you rate this property?

Cloud CMA

Buyer Comments

$1,875,00010764 ROCHESTER AVE, Los Angeles

Courtesy of Gibson InternationalLISTING INFORMATION

MLS#: 15-822947 Beds: 3 Sq Ft: 1,913 List Date: 1/26/15

Status: Active Baths: 1/1/1/0 Year Built: 1930 DOM: 6

Comments:

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#15-822947

Cloud CMA

Listing Photos$1,875,00010764 ROCHESTER AVE, Los Angeles

MLS#15-822947

Cloud CMA

More Listing Photos$1,875,00010764 ROCHESTER AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants$1,875,00010764 ROCHESTER AVE, Los Angeles

Name Type Distance Rating

P'tit Soleil Tapas/Small Plates, French, Bars 0.24 mi 83 reviews

Soleil Westwood French 0.24 mi 448 reviews

Tanzy Italian 0.24 mi 90 reviews

Attari Sandwich Shop Sandwiches, Persian/Iranian 0.25 mi 330 reviews

Pomodoro Trattoria Italian 0.26 mi 527 reviews

Cafe Glace Persian/Iranian, Cafes, Pizza 0.27 mi 127 reviews

Mary & Robb's Westwood Cafe American (Traditional), Breakfast & Brunch 0.27 mi 137 reviews

Fundamental LA American (New) 0.29 mi 586 reviews

Naab Cafe Persian/Iranian, Halal, Hookah Bars 0.3 mi 159 reviews

Palomino American (New), Mediterranean 0.35 mi 967 reviews

Panini Cafe Italian, Mediterranean 0.36 mi 257 reviews

800 Degrees Neapolitan Pizzeria Pizza, Italian 0.42 mi 1623 reviews

Ike's Place Sandwiches 0.44 mi 195 reviews

Mesa Brazilian Eatery Brazilian 0.45 mi 81 reviews

Sunnin Lebanese Cafe Middle Eastern 0.45 mi 744 reviews

Ramayani Indonesian 0.46 mi 336 reviews

MLS#15-824433

Cloud CMA

Property Details$1,099,0002001 SELBY AVE, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 15-824433 Beds: 3 Sq Ft: 1,697 List Date: 1/27/15

Status: Active Baths: 1/1/0/0 Year Built: 1936 DOM: 5

FEATURES

Floors: Carpet, Hardwood, Vinyl Stories: 1 Cooling: None Heating: Floor Furnace, Wall View: NoneZoning: LAR1 Lotsize: 6750

REMARKS

Fantastic 3 bedroom/1.75 bath + family room Spanish fixer opportunity North of Olympic Blvd. Located on large6,750sf corner lot in close proximity to/across from the desired Westwood Charter School. Original charm andcharacter throughout. Formal entry with step-down living room including picture window, fireplace, hardwoodflooring & beamed ceiling. Formal dining room opens to charming kitchen & breakfast room w/ blt-in cornercabinet & access to covered brick-accented patio & yard. Spacious family room with sliding door to relaxing largecovered patio & yard. Master suite filled with natural light, with backyard access, large closet and 3/4 bath. 2additional sun-filled bedrooms share a full bath w/ separate bath & shower. This home is perfect for the buyerlooking to update and possibly expand in fabulous neighborhood close to Century City, UCLA, Westwood Blvd.restaurants & reta...

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#15-824433

How do you rate this property?

Cloud CMA

Buyer Comments

$1,099,0002001 SELBY AVE, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 15-824433 Beds: 3 Sq Ft: 1,697 List Date: 1/27/15

Status: Active Baths: 1/1/0/0 Year Built: 1936 DOM: 5

Comments:

Source: TheMLS.comInformation is deemed reliable but not guaranteed.

MLS#15-824433

Cloud CMA

Listing Photos$1,099,0002001 SELBY AVE, Los Angeles

MLS#15-824433

Cloud CMA

More Listing Photos$1,099,0002001 SELBY AVE, Los Angeles

COMMUNITYCloud CMA

Area Restaurants$1,099,0002001 SELBY AVE, Los Angeles

Name Type Distance Rating

California Fresh Italian, Gluten-Free, Mediterranean 0.15 mi 176 reviews

Zuma Kitchen Mediterranean, Turkish, Middle Eastern 0.18 mi 71 reviews

California Chicken Cafe American (Traditional) 0.18 mi 592 reviews

Necco Japanese 0.2 mi 21 reviews

Farsi Cafe Persian/Iranian 0.21 mi 96 reviews

Taste of Tehran Persian/Iranian 0.21 mi 280 reviews

The Room Sushi Bar Sushi Bars 0.23 mi 327 reviews

Bru's Counter Salad, Sandwiches 0.25 mi 93 reviews

Sunnin Lebanese Cafe Middle Eastern 0.37 mi 744 reviews

Ramayani Indonesian 0.4 mi 336 reviews

The Apple Pan Burgers, Diners 0.55 mi 2022 reviews

The Backhouse Sushi Bars, Japanese 0.59 mi 367 reviews

Westside Tavern American (New), Pubs 0.6 mi 1030 reviews

Totoraku Japanese 0.64 mi 195 reviews

Food Sandwiches, Breakfast & Brunch 0.65 mi 503 reviews

Zankou Chicken Middle Eastern, Mediterranean 0.69 mi 860 reviews

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.

OwnershipAccording to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®,the primary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire formore space, 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 movingfrom an apartment to a single-family home with a private garage and yard. Your family may be growing, so you haveto think about 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’ll definitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10years.

EquityYou’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflationwill eventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordabilitymay also be an important factor for you. The combination of low interest rates and low prices allows you to buy morehome for the money. Rents are rising, making ownership more affordable than renting in many areas, especially whenyou factor in tax incentives such as mortgage interest deductions and property taxes allowable as deductions againstyour income.

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

INFOCloud CMA

How to Decide Which Home to BuyBuying 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.

AffordabilityYour monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28% ofgross 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.

LocationLocation 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.

FeaturesMake a list of must-have features so you can narrow your home search. A front porch, a two-car garage, hardwoodfloors, and eat-in kitchen can all add to the enjoyment of your home. Just as important is how your home is designed.The number of bedrooms and baths should suit your household members, and the layout should suit your lifestyle. Ifyou like to entertain, you should have plenty of dining space and storage for dishes and cookware. If you frequentlywork at home, you’ll need a home office or at least a quiet designated workspace. Just make sure the home you chooseallows room 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 homeyou have in mind. With professional guidance, you should be able to find and buy the home of your dreams, whereyou’ll be happy for a long time to come.

INFOCloud CMA

Making an OfferBefore you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonableradius of the home, so you can compare the home fairly in terms of location, size, features, and amenities. Next, askyour agent about market conditions, so you can choose a strategy.

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

RiskLow-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, includea copy 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 sellerswould accept a discount and a contingency at the same time.

RewardYour 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 rightto have 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 01759826Mobile 310-500-6107Web www.scott-mcintosh.comE-mail scott@scott-mcintosh.comBlog www.thewestwoodblog.comFacebook http://www.facebook.com/agentscottTwitter https://twitter.com/#!/theagentscottLinkedIn http://www.linkedin.com/in/agentscottAddress 11999 San Vicente Blvd. Suite 100, LA

CA 90049Office 310-979-3942

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