Page 1

Buyer Tour

PREPARED FOR

Westwood Homes Open House 3 29 14 MARCH 29, 2014


LISTING

Map of All Listings

MLS #

Status

Address

Price

1

14745535

A

720 HOLMBY AVE, Los Angeles

$3,695,000

2

14741471

A

441 DALEHURST AVE, Los Angeles

$3,195,000

3

14745205

A

10367 LOUISIANA AVE, Los Angeles

$2,495,000

4

14733319

A

11150 W SUNSET BLVD, Los Angeles

$2,299,000

5

14743787

A

2341 MIDVALE AVE, Los Angeles

$1,988,000

6

14745633

A

2012 PELHAM AVE, Los Angeles

$1,888,000

7

14745247

A

2025 FAIRBURN AVE, Los Angeles

$1,549,000

8

14740485

A

2144 MIDVALE AVE, Los Angeles

$1,475,000

9

14745369

A

1501 KELTON AVE, Los Angeles

$1,449,000

10

14739689

A

2117 GLENDON AVE, Los Angeles

$1,299,000

11

14742709

A

467 LEVERING AVE, Los Angeles

$1,175,000


12

MLS #

Status

14734205

A

Address 2254 OVERLAND AVE, Los Angeles Status: A = Active

Price $1,050,000


MLS #147455

Property Details 720 HOLMBY AVE, Los Angeles

$3,695,000

LISTING INFORMATION

Courtesy of Hilton & Hyland

MLS#: 14745535

Beds: 5

Sq Ft: 4,975

List Date: Feb 22, 2014

Status: Active

Baths: 4/1

Year Built: 1936

DOM: 35

FEATURES Status details: Active; Floors: Carpet,Ceramic Tile,Hardwood; Cooling: Central A/C; Heating: Central Furnace; View: Park Or Green Belt View,Tree Top View; TB map code: 632C2; Zoning: LAR1; CDOM: 76; Lotsize: 14108; REMARKS located in Little Holmby, this home offers 4 bedrms and 4 1/2 baths in just under 4,000 square feet with +976 SF guesthouse on a 14,096 SF lot. The owners have updated the kitchen, remodeling the master bathroom and other upstairs bathrooms. With its manicured landscaping, the house sits high above the street for the utmost privacy. Featuring many architectural details of the 1930's this home boasts a grand formal living room anchored by a large picturesque bay window and a period fireplace. A chic dining room and great family room off the updated kitchen.Upstairs, the master suite has vaulted ceiling, a walk-in closet and an updated master bath. Original character abounds in the whimsical contours of the additional bedrooms and bath.The rear yard is divided into 2 tiers, a centralized patio off the kitchen is great for entertaining, and a flat grassy play yard with an adorable deta...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147455

Listing Photos 720 HOLMBY AVE, Los Angeles

$3,695,000


MLS #147455

More Listing Photos 720 HOLMBY AVE, Los Angeles

$3,695,000


MLS #147414

Property Details 441 DALEHURST AVE, Los Angeles

$3,195,000

LISTING INFORMATION

Courtesy of Eklipse Real Estate

MLS#: 14741471

Beds: 4

Sq Ft: 2,822

List Date: Mar 12, 2014

Status: Active

Baths: 2/1/1/0

Year Built: 1966

DOM: 17

FEATURES Status details: Active; Appliances: Dishwasher,Refrigerator,Washer; Floors: Carpet; Cooling: Air Conditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632C1; Zoning: LAR1; Patio: Brick; CDOM: 17; Lotsize: 7273; REMARKS Charming two story traditional home on Dalehurst Ave in the Warner school district in prime Little Holmby. Three Bedrooms upstairs, and one bedroom downstairs (potential maid's room). The Kitchen and dining room open up to the back yard patio area with a pool, perfect for entertaining family and friends. This very well maintained home is the perfect opportunity to move onto one of the most desirable streets in Little Holmby and customize it according to your own taste and needs.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147414

Listing Photos 441 DALEHURST AVE, Los Angeles

$3,195,000


MLS #147414

More Listing Photos 441 DALEHURST AVE, Los Angeles

$3,195,000


MLS #147452

Property Details 10367 LOUISIANA AVE, Los Angeles

$2,495,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 14745205

Beds: 5

Sq Ft: 3,600

List Date: Mar 17, 2014

Status: Active

Baths: 3/1/1/0

Year Built: 1941

DOM: 12

FEATURES Status details: Active; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Interior: BuiltIns,Cathedral-Vaulted Ceilings,Dry Bar,High Ceilings (9 Feet+),Mirrored Closet Door(s) (N),Recessed Lighting; Kitchen: Pantry,Gourmet Kitchen (N),Island,Marble Counters (N),Open to Family Room; Floors: Hardwood,Tile (N); Roof: Composition Shingle; Cooling: Air Conditioning; Heating: Central Furnace; View: City View,City Lights View,Mountain View; TB map code: 632D4; Zoning: LAR1; Pool: No Pool; Patio: Deck(s); CDOM: 12; Lotsize: 6000; REMARKS Beautifully remodeled & expanded, this 1 story traditional has been transformed into a stunning & spacious 2 story residence w/views from Century City to the Santa Monica Mountains & approx. 95% new construction. Buyers will ooo & ah over every custom detail from the landscaping & custom wrought iron railings to the 9 1/2 foot ceilings w/ Craftsman molding. The grand, 2 story entrance welcomes you & serves as the focal point for the first floor that includes a formal living room w/Busby tile fireplace, formal dining room, gourmet center island kitchen with Calacatta marble counters & built-in Viking appliances plus the family room with built-in entertainment center featuring an onyx counter. French doors invite you to the redwood deck & flat, private grassy backyard. A guest suite, powder room & laundry room complete the first floor. The 2nd story offers 2 bedroom suites plus a master ...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147452

Listing Photos 10367 LOUISIANA AVE, Los Angeles

$2,495,000


MLS #147452

More Listing Photos 10367 LOUISIANA AVE, Los Angeles

$2,495,000


MLS #147333

Property Details 11150 W SUNSET BLVD, Los Angeles LISTING INFORMATION

$2,299,000 Courtesy of Coldwell Banker-BH South

MLS#: 14733319

Beds: 4

Sq Ft: 2,474

List Date: Jan 29, 2014

Status: Active

Baths: 1/2/1/0

Year Built: 1951

DOM: 59

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: 59; 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-ISLE KITCH. QUALITY FINISHES THROUGHOUT. 'GREAT' RM & FAM RM OPEN TO PATIOS, BIG GRASSY YARD, & GARDENS. MASTER SUITE W/BIG WALK-IN/LUXE BA. TREMENDOUS OFF-STREET PARKING. PERFECTLY POSITIONED ON FAMED SUNSET BOULEVARD.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147333

Listing Photos 11150 W SUNSET BLVD, Los Angeles

$2,299,000


MLS #147333

More Listing Photos 11150 W SUNSET BLVD, Los Angeles

$2,299,000


MLS #147437

Property Details 2341 MIDVALE AVE, Los Angeles

$1,988,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 14743787

Beds: 5

Sq Ft: 2,834

List Date: Mar 13, 2014

Status: Active

Baths: 4/0

Year Built: 1925

DOM: 16

FEATURES Status details: Active; Appliances: Dishwasher; Kitchen: Pantry; Floors: Bamboo,Tile (N); Cooling: Central A/C; Heating: Central Furnace; View: No View; TB map code: 632C6; Zoning: LAR1; Patio: Covered Porch,Patio Open; CDOM: 16; Lotsize: 6483; REMARKS 2014 custom major rebuilt & expanded 5 bed/4 ba Traditional w/ contemporary finishes & ideal single-level functional floorpln for modern living. Picket fence surrounds newly landscaped yard w/ arbor entrance. Natural light thruout center crtyd design including Fleetwood multi-panel doors opening to LR, kitchen & DR, offering ideal indr/outdr flow ideal for entertaining & al fresco dining. Clean lines in oversized kitchen w/ Caesarstone countertops w/ center island incldg bfast bar, walk-in pantry, Sub-Zero refrigerator, 6-burner Wolf range/oven. Rear FR off kitchen & DR w/ french drs to covered deck & yard.Rear master suite with incredibly spacious walk- in closet. Spa like master bath w/ dual basins, separate bath & shower. 3 bdrms w en-suite full bthrms. Features include cathedral ceiling in LR, skylights, crown molding, all new 4-zone central a/c/heat, copper plmbing, 200-amp elec,...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147437

Listing Photos 2341 MIDVALE AVE, Los Angeles

$1,988,000


MLS #147437

More Listing Photos 2341 MIDVALE AVE, Los Angeles

$1,988,000


MLS #147456

Property Details 2012 PELHAM AVE, Los Angeles

$1,888,000

LISTING INFORMATION

Courtesy of RE/MAX ESTATE PROPERTIES

MLS#: 14745633

Beds: 4

Sq Ft: 3,021

List Date: Mar 19, 2014

Status: Active

Baths: 3/1

Year Built: 1923

DOM: 10

FEATURES Status details: Active; Appliances: Dishwasher,Garbage Disposal,Gas Dryer Hookup,Refrigerator,Washer; Floors: Bamboo,Tile (N); Cooling: Central A/C,Ceiling Fan(s); Heating: Central Furnace; View: Park Or Green Belt View; TB map code: 632C4; Zoning: LAR1; Patio: Patio Open; CDOM: 10; Lotsize: 6749; REMARKS THIS SUNNY AND SPACIOUS 4BD/3.5BA CONTEMPORARY STYLE FAMILY HOME HAS IT ALL. FEATURES INCLUDE A BRIGHT, OPEN FLOOR PLAN, 10' CEILINGS, DUAL-PANE WINDOWS, BAMBOO FLOORS, CENTRAL A/C & HEATING, RECESSED LIGHTING, 2 LARGE BALCONIES, 4 SKYLIGHTS, DETACHED 2-CAR GARAGE, SECURITY SYSTEM AND PRE-WIRED AUDIO SPEAKERS THROUGHOUT THE HOUSE. COMPLETELY REMODELED ON THE 1ST FLOOR IN 2006 WHEN THE 2ND STORY WAS BUILT! WESTWOOD CHARTER SCHOOL DISTRICT. CHEVIOT HILLS PARK, SHOPS AND RESTAURANTS NEAR WESTSIDE PAVILION AND CENTURY CITY MALL!

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147456

Listing Photos 2012 PELHAM AVE, Los Angeles

$1,888,000


MLS #147456

More Listing Photos 2012 PELHAM AVE, Los Angeles

$1,888,000


MLS #147452

Property Details 2025 FAIRBURN AVE, Los Angeles

$1,549,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 14745247

Beds: 5

Sq Ft: 2,784

List Date: Mar 18, 2014

Status: Active

Baths: 2/1/0/0

Year Built: 1937

DOM: 11

FEATURES Status details: Active; Appliances: Dishwasher; Floors: Hardwood; Cooling: None; Heating: Central Furnace; View: Tree Top View; TB map code: 632D4; Zoning: LAR1; CDOM: 11; Lotsize: 5769; REMARKS Spacious 5 bed/3 bath 2-story Traditional set privately on knoll on premier Westwood street w/ inviting covered front porch. Living room w/ fireplace & built-in book shelf opens to formal dining room w/ wainscoting. Ideally designed floor plan with kitchen & breakfast bar opening to rear family room w/ french door access to grassy backyard 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 & 2 spacious walk-in closets. Master bathroom w/ dual basins & separate bath & shower. Additional features include pegn-groove hardwood flooring throughout, crown molding, spacious bedrooms. Laundry room off kitchen. Oversized 4-car garage w/ automatic door, tile flooring including adjacent large finished storage room. Close proximity to Ce...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147452

Listing Photos 2025 FAIRBURN AVE, Los Angeles

$1,549,000


MLS #147452

More Listing Photos 2025 FAIRBURN AVE, Los Angeles

$1,549,000


MLS #147404

Property Details 2144 MIDVALE AVE, Los Angeles

$1,475,000

LISTING INFORMATION

Courtesy of Keller Williams Rlty Brentwood

MLS#: 14740485

Beds: 4

Sq Ft: 2,319

List Date: Feb 27, 2014

Status: Active

Baths: 2/1

Year Built: 1926

DOM: 30

FEATURES Status details: Active; Appliances: Dishwasher,Dryer,Freezer,Garbage Disposal,Gas Or Electric Dryer Hookup,Refrigerator,Stackable W/D Hookup,Washer; Interior: Laundry - Closet Stacked; Kitchen: Gourmet Kitchen (N),Granite Counters (N); Floors: Hardwood; Cooling: Air Conditioning,Ceiling Fan(s),Central A/C; Heating: Central Furnace; View: Trees/Woods View,Other View; TB map code: 632C5; Zoning: LAR1; Pool: No Pool; Patio: Concrete Slab,Deck(s),Porch - Front,Porch - Rear,Slab,Wood; CDOM: 30; Water: District/Public (N); Lot description: Back Yard; Cross streets: OLYMPIC; Number of units: 1; REMARKS Turn-key, Move-in Condition! Over 2,300 sq. ft. Single Story. Beautiful WESTWOOD home blends Original Charm with Modern Upgrades in a highly desirable neighborhood. Extensively & Tastefully Remodeled. 4 Large bedrooms, 2 full+1 half bath. Bright living room has coffered ceilings with original fireplace. Formal Dining Rm has French doors. Renovated Modern kitchen: beautiful wood cabinetry, granite counter tops, quality stainless steel appliances. HUGE Master Bedroom Suite: Vaulted ceilings, recessed lighting, sitting area, large walk-in closet. Master Bath with granite counters, dual sinks, spa tub, glass shower. Double French doors open to a wood deck and Private back yard lined with hedges and trees, ideal for entertaining, relaxing & playing. Add'l Features: Central AC/heat, dual pane windows, hardwood floors, 2 car garage. Walking distance to top-rated Westwood Charter Sc...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147404

Listing Photos 2144 MIDVALE AVE, Los Angeles

$1,475,000


MLS #147404

More Listing Photos 2144 MIDVALE AVE, Los Angeles

$1,475,000


MLS #147453

Property Details 1501 KELTON AVE, Los Angeles

$1,449,000

LISTING INFORMATION

Courtesy of Coldwell Banker-Brentwood

MLS#: 14745369

Beds: 4

Sq Ft: 2,791

List Date: Mar 18, 2014

Status: Active

Baths: 3/0

Year Built: 1941

DOM: 11

FEATURES Status details: Active; Appliances: Dishwasher,Garbage Disposal; Kitchen: Pantry; Floors: Tile (N),Wood; Cooling: Air Conditioning; Heating: Forced Air; View: No View; TB map code: 632B4; Zoning: LAR1; CDOM: 11; Water: District/Public (N); Lotsize: 7427; REMARKS 2-story charming Trad. w/ HW, moldings, wainscoting, French Doors, open FR/kitchen. Wonderful ambiance with easy floor plan. There is a separate bedroom wing allowing for privacy when entertaining. This includes a large master w/ abundant closet space and one additional bedroom upstairs. There are 2 bedrooms + nursery/gym downstairs. The home offers a perfect floor plan for entertaining with French Doors from DR and kitchen/FR that open to the garden, yard and private hot tub amongst the trees and stars at night. So many features to mention: LR with FP, newer HW in most rooms. 2-car garage w/ extra storage. Located in the Fairburn School District. Sidewalks for kids, close to shops, restaurants, Century City, Westwood. Easy to show and priced to sell.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147453

Listing Photos 1501 KELTON AVE, Los Angeles

$1,449,000


MLS #147453

More Listing Photos 1501 KELTON AVE, Los Angeles

$1,449,000


MLS #147396

Property Details 2117 GLENDON AVE, Los Angeles

$1,299,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 14739689

Beds: 3

Sq Ft: 1,714

List Date: Feb 25, 2014

Status: Active

Baths: 1/1/0/0

Year Built: 1924

DOM: 24

FEATURES Status details: Active; Appliances: Dishwasher; Floors: Hardwood; Cooling: Central A/C; Heating: Central Furnace; View: City Lights View,No View; TB map code: 632C5; Zoning: LAR1; Patio: Covered Porch,Covered,Rock, Stone; CDOM: 24; Number of units: 1; Lotsize: 6759; REMARKS Beautifully remodeled 3 and expanded 3 bed/1.75 bath Traditional with attention to detail & designer touches throughout. Charming covered front porch leads to formal entry. Light & bright living room with fireplace and coved ceiling opens to spacious formal dining room in center of home, ideal for entertaining. Totally updated gourmet kitchen complete with pull out drawer pantry, newer cabinetry, granite countertops, stainless steel appliances and authentic period 6-burner range and double oven. Rear family room with built-ins and french doors opening to flagstone patio with veranda & landscaped backyard with several fruit trees. Rear master suite with bkyd access, custom blt closets with shutter doors, recessed lighting & updated 3/4 bath with subway tile finishes. 2nd full bath with wainscoting. Additional features include central a/c/heat, dual pane windows, hardwood floors & a...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147396

Listing Photos 2117 GLENDON AVE, Los Angeles

$1,299,000


MLS #147396

More Listing Photos 2117 GLENDON AVE, Los Angeles

$1,299,000


MLS #147427

Property Details 467 LEVERING AVE, Los Angeles

$1,175,000

LISTING INFORMATION

Courtesy of Citiwide Brokerage

MLS#: 14742709

Beds: 3

Sq Ft: 2,677

List Date: Mar 8, 2014

Status: Active

Baths: 3/0

Year Built: 1949

DOM: 21

FEATURES Status details: Active; Exterior: Stucco,Wood; Interior: Furnished; Floors: Carpet,Hardwood,Tile (N); Cooling: Air Conditioning,Ceiling Fan(s),Central A/C; Heating: Central Furnace,Forced Air; View: Tree Top View; TB map code: 631J2; Zoning: LAR1; CDOM: 21; Water: In Street; Lotsize: 8476; REMARKS Westwood Hills - near UCLA. Mid-century traditional two story charmer with 4 bedrooms/2 bath. Lower level has 2 separate bedrooms with bathroom in between them. Backyard/courtyard with a bricked patio. Near to UCLA and Westwood Village.Warner Ave Elementary.On the market for first time in over 50 years. MUST SEE!! You can add a second story to the existing house under Mansionization Ordinance, which allows up to 5000 SQ-FT of living space.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147427

Listing Photos 467 LEVERING AVE, Los Angeles

$1,175,000


MLS #147427

More Listing Photos 467 LEVERING AVE, Los Angeles

$1,175,000


MLS #147342

Property Details 2254 OVERLAND AVE, Los Angeles

$1,050,000

LISTING INFORMATION

Courtesy of Savanna Real Estate

MLS#: 14734205

Beds: 3

Sq Ft: 1,391

List Date: Feb 7, 2014

Status: Active

Baths: 2/0

Year Built: 1927

DOM: 50

FEATURES Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Hardwood,Tile (N); Cooling: Air Conditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632D5; Zoning: LAR1; CDOM: 50; Cross streets: W OLYMPIC AND OVERLAND AVE; Number of units: 1; Lotsize: 6079; REMARKS Just Reduced!!! Warm and inviting English Colonial 3 bedroom, 2 bath home with a great open floor plan. Bright and welcoming living room features a fireplace, window shutters, vaulted ceilings and recessed lighting. The adjacent dining room leads to the updated kitchen with stainless steel appliances and granite countertops. Hardwood floors throughout the house. Master bedroom has access through French doors to the lush backyard with spacious green area. Perfect for entertaining or playing. Detached two car garage provides a separate space for an office or playroom if desired. Move-in ready. Fabulous location near the Westside Pavilion. Close to retail, restaurants and The Landmark movie theatre. Westwood Charter School. This is a must see!!!

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW


MLS #147342

Listing Photos 2254 OVERLAND AVE, Los Angeles

$1,050,000


MLS #147342

More Listing Photos 2254 OVERLAND AVE, Los Angeles

$1,050,000


INFO

What Are Your Homebuying Goals? With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes as investments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years or more.

Ownership According 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 for more space, and a change in the family situation. For most people, buying a home is more about giving household members more comfortable living arrangements and putting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? You might want a better home and neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to 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 10 years.

Equity You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation will eventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may also be an important factor for you. The combination of low interest rates and low prices allows you to buy more home for the money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factor in 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 the longest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s market conditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.


INFO

The Homebuying Process Follow These Steps Get prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as child support as 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 adjustable 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. Consider lifestyle condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, 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 and familiar with the type of home you want to buy. Your agent has house-by-house experience in your neighborhood and can 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 suits the activities and needs of your household now and in the years ahead? Don’t buy more than you need or can comfortably afford. Make an offer - Your offer depends on the current market. If a home has been on the market a long time, you can ask the seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your real estate professional for advice. Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector will point out the age of systems, and large and small repairs that are needed, so you’ll know what you’re facing as the next owner. 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 toward closing. Go to closing - Once final negotiations are complete, the parties to the transaction meet at the escrow office. This could be 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 disbursements have been made, you get the keys to your new home, according to your agreement. Congratulations! You’re ready to move into your new home


INFO

Making an Offer Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonable radius of the home, so you can compare the home fairly in terms of location, size, features, and amenities. Next, ask your agent about 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 are soft or falling. In a seller’s market, homes sell quickly for full price or higher because there are plenty of buyers and few 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 fair price. If you 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 the other hand, some sellers are simply unrealistic about their home’s value. Maybe your offer will be their wake-up call. If the 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 a copy of your lender’s pre-approval letter, along with a cover letter summarizing your strengths as a buyer in terms of creditworthiness, flexibility in closing, and why you love this home. Include a copy of your comparables to show why you feel your offer is a fair price for the property. If your offer is conditional, such as your need to sell another home before closing on the seller’s, you’ll have to find a way to sweeten the deal, such as a full-price offer. Few sellers would accept 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, including earnest money (a guarantee that you’ll perform as a buyer in good faith), final approval by your lender, and your right to have an inspection. Once your offer is negotiated and accepted, your earnest money will be sent to the escrow agent's office. Now the inspections occur, and this is where the contract negotiations can break down. During the inspection process, the inspector will tell you about the condition of appliances, heat and cooling systems, roofs, electrical and plumbing systems, etc, and if your future home is up to current city codes. You should only renegotiate a repair when it wasn’t obvious before, or when a system is unsafe or not functioning. Once the seller has agreed, your offer is now a binding contract, and you’ll proceed to closing.


CLIENT REVIEWS


INTRO

Contact Me Scott McIntosh Coldwell Banker

BRE number 01759826

Download this report (PDF)

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Mobile

310-500-6107

Web

www.scott-mcintosh.com

E-mail

scott@scott-mcintosh.com

Blog

www.thewestwoodblog.com

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Twitter

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LinkedIn

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Address

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Office

310-979-3942

Westwood Homes Open House March 30th, 2014  

This buyer tour booklet lists all the homes open in Westwood on Sunday March 30th, 2014.

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