westwood homes open house april 13th, 2014

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Buyer Tour PREPARED FOR Westwood Homes Open House 4 13 14 APRIL 13, 2014

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This buyer tour booklet lists all the homes open in Westwood on Sunday April 13th, 2014.

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Page 1: Westwood Homes Open House April 13th, 2014

Cloud CMA

Buyer Tour

PREPARED FOR

Westwood Homes Open House 4 13 14

APRIL 13, 2014

Page 2: Westwood Homes Open House April 13th, 2014

LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 14741471 A 441 DALEHURST AVE, Los Angeles $2,795,000

2 14746409 A 10538 STRATHMORE DR, Los Angeles $2,499,000

3 14750981 A 274 DENSLOW AVE, Los Angeles $2,100,000

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

5 14743787 A 2341 MIDVALE AVE, Los Angeles $1,899,000

6 14748569 A 10773 WELLWORTH AVE, Los Angeles $1,649,000

7 14745235 A 10548 WELLWORTH AVE, Los Angeles $1,495,000

8 14750199 A 10530 ROCHESTER AVE, Los Angeles $1,479,000

9 14750975 A 10712 ROCHESTER AVE, Los Angeles $1,469,000

10 14740485 A 2144 MIDVALE AVE, Los Angeles $1,349,000

11 14751349 A 1526 GLENDON AVE, Los Angeles $1,100,000

Page 3: Westwood Homes Open House April 13th, 2014

Status: A = Active

Page 4: Westwood Homes Open House April 13th, 2014

MLS#14741471

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Property Details

$2,795,000441 DALEHURST AVE, Los Angeles

Courtesy of Eklipse Real EstateLISTING INFORMATION

MLS#: 14741471 Beds: 4 Sq Ft: 2,822 List Date: Mar 12, 2014

Status: Active Baths: 2/1/1/0 Year Built: 1966 DOM: 32

FEATURES

Status details: Active; Appliances: Dishwasher,Refrigerator,Washer; Floors: Carpet; Cooling: AirConditioning,Central A/C; Heating: Central Furnace; View: No View; TB map code: 632C1; Zoning: LAR1;Patio: Brick; CDOM: 32; Lotsize: 7273;

REMARKS

Charming two story traditional home on Dalehurst Ave in the Warner school district in prime Little Holmby. ThreeBedrooms upstairs, and one bedroom downstairs (potential maid's room). The Kitchen and dining room open up tothe back yard patio area with a pool, perfect for entertaining family and friends. This very well maintained home isthe perfect opportunity to move onto one of the most desirable streets in Little Holmby and customize it accordingto your own taste and needs.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 5: Westwood Homes Open House April 13th, 2014

MLS#14741471

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Listing Photos

$2,795,000441 DALEHURST AVE, Los Angeles

Page 7: Westwood Homes Open House April 13th, 2014

MLS#14746409

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Property Details

$2,499,00010538 STRATHMORE DR, Los Angeles

Courtesy of Gibson InternationalLISTING INFORMATION

MLS#: 14746409 Beds: 4 Sq Ft: 2,384 List Date: Apr 7, 2014

Status: Active Baths: 3/1 Year Built: 1939 DOM: 6

FEATURES

Status details: Active; Appliances: Dishwasher,Freezer,Garbage Disposal,Gas Dryer Hookup,Refrigerator;Interior: Crown Moldings,Wainscotting; Kitchen: Granite Counters (N),Island,Remodeled (N); Floors:Hardwood,Slate; Cooling: Central A/C,Wall or Window Units,Ceiling Fan(s); Heating: Central Furnace,ForcedAir; View: No View; TB map code: 632B1; Zoning: LAR1; Pool: Heated; Patio: Lanai,Patio Open,Brick;CDOM: 6; Lotsize: 10029;

REMARKS

Set up from the street, this stately Little Holmby Traditional home features all that today's buyers desire: originaldetail work of hardwood floors, crown moldings and wainscoting throughout; spacious formal living room withfireplace; separate formal dining room; remodeled gourmet kitchen with granite counter tops, sky lights, high-endstainless appliances and center island/breakfast bar overlooking a cozy family room; tiled sunroom opening to backyard; downstairs guest bedroom with remodeled bath; two sizable upstairs family bedrooms sharing a bath; and alovely master suite with multiple closets and enclosed balcony overlooking yard. The house sits on a large terraced lotencompassing a lovely brick patio with built-in BBQ, grassy play area, sparkling pool and fenced sports court. Allthis and located just minutes from Westwood markets, Century City shopping, Beverly Hills re...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 8: Westwood Homes Open House April 13th, 2014

MLS#14746409

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Listing Photos

$2,499,00010538 STRATHMORE DR, Los Angeles

Page 9: Westwood Homes Open House April 13th, 2014

MLS#14746409

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More Listing Photos

$2,499,00010538 STRATHMORE DR, Los Angeles

Page 10: Westwood Homes Open House April 13th, 2014

MLS#14750981

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Property Details

$2,100,000274 DENSLOW AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14750981 Beds: 4 Sq Ft: 3,289 List Date: Apr 11, 2014

Status: Active Baths: 4/1 Year Built: 1966 DOM: 2

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Interior: Elevator; Floors:Carpet,Hardwood,Tile (N); Cooling: None; Heating: Central Furnace; View: City View; TB map code: 631J1;Zoning: LAR1; Pool: Private Pool; Spa: Private Spa; Patio: Patio Open; CDOM: 2; Lotsize: 7941;

REMARKS

Sited on a corner lot w/ a stately street presence, this elegant Traditional in Westwood Hills is truly gracious. This 4bedroom, 4~~ bath home has the classic center hall floor plan, creating an easy circular flow from room-to-room;perfect for entertaining. The kitchen and bathrooms have recently been redone to today's taste and compliment theoriginal traditional architectural details: carved wall panels, wood-paned and diamond-leaded windows, moldings andmore. Large Formal Living Room w/ beautiful fireplace. Wood-paneled Library/Study w/ another fireplace & originalwet bar. Formal Dining Room. Gourmet Cook's Kitchen w/ Breakfast Area. Laundry Room. Powder Room. Threebedrooms upstairs including a Master Suite. Master has two walk-in closets, sitting deck w/ city views & a beautifulMaster Bath. Two additional Guest Bedrooms have their own Bath & walk-in closets. Direct access to...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

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

MLS#14750981

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Listing Photos

$2,100,000274 DENSLOW AVE, Los Angeles

Page 12: Westwood Homes Open House April 13th, 2014

MLS#14750981

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More Listing Photos

$2,100,000274 DENSLOW AVE, Los Angeles

Page 13: Westwood Homes Open House April 13th, 2014

MLS#14733319

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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: Jan 29, 2014

Status: Active Baths: 1/2/1/0 Year Built: 1951 DOM: 74

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: 74; 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 April 13th, 2014

MLS#14733319

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Listing Photos

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

Page 16: Westwood Homes Open House April 13th, 2014

MLS#14743787

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Property Details

$1,899,0002341 MIDVALE AVE, Los Angeles

Courtesy of Teles Properties, Inc.LISTING INFORMATION

MLS#: 14743787 Beds: 5 Sq Ft: 2,834 List Date: Mar 13, 2014

Status: Active Baths: 4/0 Year Built: 1925 DOM: 31

FEATURES

Status details: Active; Appliances: Dishwasher; Kitchen: Pantry; Floors: Bamboo,Tile (N); Cooling: CentralA/C; Heating: Central Furnace; View: No View; TB map code: 632C6; Zoning: LAR1; Patio: CoveredPorch,Patio Open; CDOM: 31; Lotsize: 6483;

REMARKS

2014 custom major rebuilt & expanded 5 bed/4 ba Traditional w/ contemporary finishes & ideal single-levelfunctional floorpln for modern living. Picket fence surrounds newly landscaped yard w/ arbor entrance. Naturallight thruout center crtyd design including Fleetwood multi-panel doors opening to LR, kitchen & DR, offering idealindr/outdr flow ideal for entertaining & al fresco dining. Clean lines in oversized kitchen w/ Caesarstonecountertops w/ center island incldg bfast bar, walk-in pantry, Sub-Zero refrigerator, 6-burner Wolf range/oven. RearFR 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 includecathedral ceiling in LR, skylights, crown molding, all new 4-zone central a/c/heat, copper plmbing, 200-amp elec,...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 17: Westwood Homes Open House April 13th, 2014

MLS#14743787

Cloud CMA

Listing Photos

$1,899,0002341 MIDVALE AVE, Los Angeles

Page 18: Westwood Homes Open House April 13th, 2014

MLS#14743787

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More Listing Photos

$1,899,0002341 MIDVALE AVE, Los Angeles

Page 19: Westwood Homes Open House April 13th, 2014

MLS#14748569

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Property Details

$1,649,00010773 WELLWORTH AVE, Los Angeles

Courtesy of Nelson Shelton & AssociatesLISTING INFORMATION

MLS#: 14748569 Beds: 3 Sq Ft: 1,792 List Date: Apr 4, 2014

Status: Active Baths: 3/0 Year Built: 1929 DOM: 9

FEATURES

Status details: Active; Appliances: Dishwasher; Floors: Hardwood; Cooling: Central A/C; Heating: CentralFurnace; View: No View; TB map code: 632B3; Zoning: LAR1; CDOM: 9; Lotsize: 6507;

REMARKS

Located in one of the best streets in Westwood, this charming house offers 3 bedrooms, 3 baths, dark hardwoodfloors and high ceilings throughout. All rooms are flooded with natural light by many windows wrapping the house.Large living room with fire place will add warmth to your nights.The Kitchen is updated with granite counter tops,Viking appliance, beautiful cabinetry and is open to the dining room. Master bedroom opens to a large grassybackyard with a built-in BBQ. Conveniently located within walking distance to shops and restaurants in the villageand just a few minutes to the freeway.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 20: Westwood Homes Open House April 13th, 2014

MLS#14748569

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Listing Photos

$1,649,00010773 WELLWORTH AVE, Los Angeles

Page 21: Westwood Homes Open House April 13th, 2014

MLS#14745235

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Property Details

$1,495,00010548 WELLWORTH AVE, Los Angeles

Courtesy of Keller Williams CentinelaLISTING INFORMATION

MLS#: 14745235 Beds: 4 Sq Ft: 2,661 List Date: Apr 3, 2014

Status: Active Baths: 1/1/1/0 Year Built: 1934 DOM: 10

FEATURES

Status details: Active; Appliances: Dishwasher; Interior: Bar; Kitchen: Open to Family Room,Tile Counters(N); Floors: Carpet,Tile (N); Cooling: Central A/C; Heating: Central Furnace; View: No View; TB mapcode: 632C3; Zoning: LAR1; Pool: No Pool; Spa: None; CDOM: 10; Lot description: BackYard,Lawn,Sidewalks; Lotsize: 7411;

REMARKS

Location! Location! Location! This classic Westwood home sits on an OVER 7400 sq ft corner lot! Boasting 4bedrooms/2.5 baths and encompassing aprox.2661 sq ft., this stately 1930s residence could be transformed to fit yourlife perfectly! Stroll up the lovely brick walkway and in through the stately dark wood door to find you have beentransported back to a more elegant time. The formal sitting room is doused in natural light through extensivewindows, with wood floors and a gorgeous fireplace that will make you the envy of your friends. As you start downthe hall you'll find the ~~ bath with shower and two good sized bedrooms. The kitchen opens into a large sunkenliving room with high steepled ceilings, large windows, and a glass door leading out to the large backyard. Built-infull bar, separate dining room, large 3rd bedroom and master suite with walk through closet to full bath....

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 22: Westwood Homes Open House April 13th, 2014

MLS#14745235

Cloud CMA

Listing Photos

$1,495,00010548 WELLWORTH AVE, Los Angeles

Page 23: Westwood Homes Open House April 13th, 2014

MLS#14750199

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Property Details

$1,479,00010530 ROCHESTER AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14750199 Beds: 3 Sq Ft: 2,151 List Date: Apr 10, 2014

Status: Active Baths: 2/0 Year Built: 1937 DOM: 3

FEATURES

Status details: Active; Appliances: Dishwasher; Floors: Tile (N); Cooling: Air Conditioning,Central A/C;Heating: Central Furnace; View: No View; TB map code: 632C3; Zoning: LAR1; Pool: No Pool; CDOM:3; Water: Public; Cross streets: FAIRBURN AND ROCHESTER; Lotsize: 6765;

REMARKS

This lovely Westwood home is reminiscent of a coastal cottage accented with beautiful palm trees. Situated on aknoll, this bright and charming home has a large formal living room with a bay window and fireplace. The spaciousformal dining room is perfect for entertaining. There is a family room with built-ins off the kitchen. Some hardwoodfloors are exposed. A sun room makes a great gym. The back yard has a lovely rose garden and several fruit trees.Great neighborhood, conveniently located to Century City, UCLA, and Beverly Hills. Close to coveted FairburnElementary.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 24: Westwood Homes Open House April 13th, 2014

MLS#14750199

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Listing Photos

$1,479,00010530 ROCHESTER AVE, Los Angeles

Page 26: Westwood Homes Open House April 13th, 2014

MLS#14750975

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Property Details

$1,469,00010712 ROCHESTER AVE, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California PropertiesLISTING INFORMATION

MLS#: 14750975 Beds: 4 Sq Ft: 2,137 List Date: Apr 11, 2014

Status: Active Baths: 2/0 Year Built: 1930 DOM: 2

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal; Floors: Carpet,Hardwood,Tile (N); Cooling:None; Heating: Gravity Heating; View: No View; TB map code: 632C3; Zoning: LAR1; Patio: CoveredPorch,Patio Open; CDOM: 2; Lotsize: 6053;

REMARKS

Here's the evocative Spanish you have been waiting for, perfectly sited in a Prime Westwood location. This home, w/much of its original splendor undisturbed, still maintains its original Spanish architectural details; carved woodbeams & doors, vintage tile work, iron detailing, niches, pavers & more. The spacious Living Room has a vaultedbeamed ceiling w/ large windows and a big fireplace on one end, flanked by French doors. Through these doors is aprivate romantic patio w/ another fireplace. Enter through a pair of carved wood doors to a Formal Dining Room.Beyond is the kitchen w/ a separate Breakfast Room, where one can access the courtyard. Rare for the area is thatthere are four lovely Bedrooms. Two vintage-tiled Bathrooms service them, one w/ a separate shower and another w/a tub and a separate shower. The Master opens to the courtyard as well. A converted garage serves a...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 27: Westwood Homes Open House April 13th, 2014

MLS#14750975

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Listing Photos

$1,469,00010712 ROCHESTER AVE, Los Angeles

Page 28: Westwood Homes Open House April 13th, 2014

MLS#14750975

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More Listing Photos

$1,469,00010712 ROCHESTER AVE, Los Angeles

Page 29: Westwood Homes Open House April 13th, 2014

MLS#14740485

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Property Details

$1,349,0002144 MIDVALE AVE, Los Angeles

Courtesy of Keller Williams Rlty BrentwoodLISTING INFORMATION

MLS#: 14740485 Beds: 4 Sq Ft: 2,319 List Date: Feb 27, 2014

Status: Active Baths: 2/1 Year Built: 1926 DOM: 45

FEATURES

Status details: Active; Appliances: Dishwasher,Dryer,Freezer,Garbage Disposal,Gas Or Electric DryerHookup,Refrigerator,Stackable W/D Hookup,Washer; Interior: Built-Ins,Cathedral-Vaulted Ceilings,High Ceilings(9 Feet+),Laundry - Closet Stacked,Open Floor Plan,Storage Space,Turnkey; Kitchen: Gourmet Kitchen (N),GraniteCounters (N); Floors: Hardwood; Cooling: Air Conditioning,Ceiling Fan(s),Central A/C; Heating: CentralFurnace; View: Trees/Woods View,Other View; TB map code: 632C5; Zoning: LAR1; Pool: No Pool; Spa:Bath Tub; Patio: Concrete Slab,Deck(s),Porch - Front,Porch - Rear,Slab,Wood;

REMARKS

MAJOR PRICE REDUCTION! BEST VALUE. Low Low Price Per Square Foot! THIS ONE WON'T LAST! Turn-key,Move-in Condition! 2,300+ sq. ft. Single Story. Charming Westwood area home blends Original Charm withMODERN UPGRADES in a highly desirable neighborhood. Extensively, Tastefully REMODELED. 4 LARGEBEDROOMS. Bright living room has coffered ceilings with gas fireplace. Formal Dining Rm has French doors.GOURMET KITCHEN: Gorgeous Wood cabinetry, Granite counter tops, quality stainless steel appliances. HUGEMASTER BEDROOM SUITE: Vaulted ceilings, recessed lighting, sitting area, lrg walk-in closet. Master Bath withgranite counters, dual sinks, spa tub, glass shower. Double French doors open to a wood deck and Private back yardlined with hedges and trees, ideal for entertaining, relaxing & playing. Central AC/Heat, Dual pane windows, realHardwood floors, 2 car garage. Walk to top-tier ...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 30: Westwood Homes Open House April 13th, 2014

MLS#14740485

Cloud CMA

Listing Photos

$1,349,0002144 MIDVALE AVE, Los Angeles

Page 31: Westwood Homes Open House April 13th, 2014

MLS#14740485

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More Listing Photos

$1,349,0002144 MIDVALE AVE, Los Angeles

Page 32: Westwood Homes Open House April 13th, 2014

MLS#14751349

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Property Details

$1,100,0001526 GLENDON AVE, Los Angeles

Courtesy of RE/MAX ESTATE PROPERTIESLISTING INFORMATION

MLS#: 14751349 Beds: 3 Sq Ft: 1,675 List Date: Apr 9, 2014

Status: Active Baths: 1/1/0/0 Year Built: 1938 DOM: 4

FEATURES

Status details: Active; Appliances: Dishwasher,Garbage Disposal,Gas Dryer Hookup,Refrigerator; Floors:Hardwood; Cooling: Central A/C; Heating: Central Furnace; View: Tree Top View; TB map code: 632B4;Zoning: LAR1; Patio: Covered Porch; CDOM: 4; Number of units: 1; Lotsize: 6663;

REMARKS

First time on market in 48 years. Trust sale. Property awaits its new owner to create their new home. Remodel,Rebuild, or add on. 3 bedrooms + 1.75 baths. Formal dining room. Attached 2 car garage with direct entry. Stepdown living room. Large rear yard with covered patio. Wood burning fireplace. Hardwood floors.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Page 33: Westwood Homes Open House April 13th, 2014

MLS#14751349

Cloud CMA

Listing Photos

$1,100,0001526 GLENDON AVE, Los Angeles

Page 35: Westwood Homes Open House April 13th, 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 36: Westwood Homes Open House April 13th, 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 37: Westwood Homes Open House April 13th, 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 38: Westwood Homes Open House April 13th, 2014

INTRO

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Scott McIntoshColdwell Banker

BRE number 01759826

Mobile 310-500-6107

Web www.scott-mcintosh.com

E-mail [email protected]

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Office 310-979-3942

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