Westwood Condos Open House May 12th, 2013

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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 asthe type of loan you choose. Other factors that impact how much home you can buy is the down payment; smaller down paymentsmean higher monthly payments. Last, the interest rate and terms (30-year, fixed or adjustable rate) will determine what you canafford in monthly payments.

Make your wish list - Decide where you want to live and how many bedrooms and baths youll need. Consider lifestyle -condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, but much moreexterior 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 withthe type of home you want to buy. Your agent has house-by-house experience in your neighborhood and can offer the best advice onhomes in your range.

Select your home - No home is perfect, so dont let minor flaws influence you. Think long-term. Which home best suits theactivities and needs of your household now and in the years ahead? Dont 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 fora price reduction, but if its new on the market, the seller is unlikely to accept a low offer. Ask your real estate professional foradvice.

Get an inspection - A home inspection is a professional third-party opinion of the homes condition. The inspector will point outthe age of systems, and large and small repairs that are needed, so youll know what youre facing as the next owner.

Get an appraisal - The bank appraisal determines market value. If the home doesnt appraise for the purchase price, the bank willrefuse 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 titlecompany, real estate attorney, or whatever is customary in your area. All paperwork is signed by both parties. The lender pays theseller, minus any liens against the home such as the sellers mortgage. Once all the disbursements have been made, you get the keysto your new home, according to your agreement. Congratulations! Youre ready to move into your new home


LISTINGSCloud CMA

Map of All Listings

MLS # Status Address Price

1 13670973 Active 1540 S BENTLEY AVE, Unit 401, Los Angeles $889,000

2 13671807 Active 1403 GREENFIELD AVE, Unit 203, Los Angeles $749,000

3 13647005 Active 1825 MIDVALE AVE, Unit 203, Los Angeles $720,000

4 13671681 Active 2015 S BEVERLY GLEN, Unit 302, Los Angeles $699,000

5 13658377 Active 1639 CAMDEN AVE, Unit 301, Los Angeles $599,000

6 13670967 Active 10654 WILKINS AVE, Unit 3, Los Angeles $575,000

7 13666961 Active 2369 S BEVERLY GLEN, Unit 201, Los Angeles $549,000


MLS#13670973

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Property Details

$889,0001540 S BENTLEY AVE, Unit 401, Los Angeles

Courtesy of Prudential CA - Beverly HillsLISTING INFORMATION

MLS#: 13670973 Beds: 2 Sq Ft: List Date: May 8, 2013

Status: Active Baths: 2.50 Year Built: 2006 DOM: 3

FEATURES

Status details: Active; Assoc name: The Bentley Homes; Zoning: LAR3; CDOM: 3; Number of units: 7; HOA:$398; Assoc amenities: Controlled Access; TB map code: 632A4; Appliances: Dishwasher,Garbage Disposal; Interior:Pre-wired for high speed Data; Floors: Carpet,Hardwood,Marble; Cooling: Central A/C; Heating: Central Furnace; Pool:No Pool; View: No View;

REMARKS

Light-filled Mediterranean-style penthouse in one of the finest units available in the marketplace. This luxurious unit in a7-unit building, with no shared walls, has an open and airy floor plan punctuated by soaring ceilings, marble & wood floors, thefinest of finishes & walls of French doors that open to the outdoors. There are two verandas, one w/ a fountain, that provideamazing alfresco entertaining potential w/ treetop views and an uncommon feeling of privacy. A tasteful entry opens to aspacious "great room" area w/ several sitting areas & a corner fireplace. Free flowing additional open spaces can be used flexiblyas a family room or formal dining room. As the central hub, the cook's kitchen is well-appointed w/ granite counters, breakfastbar, custom cabinetry & stainless steel appliances. The spacious master has a walk-in closet, large bath w/ beautiful marbledetails, dual ...

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.


MLS#13670973

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Courtesy of Prudential CA - Beverly HillsLISTING INFORMATION

MLS#: 13670973 Beds: 2 Sq Ft: List Date: May 8, 2013


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Area Schools


School Type Phone Distance

Nora Sterry Elementary School Public/K-5 (310) 473-2172 0.48 mi

New Horizon School Westside Private/PK,K-5 (310) 231-6092 0.48 mi

Global Montessori School Of Westwood Private, Montessori/PK,K 0.54 mi

St Paul The Apostle School Private/K-8 (310) 474-1588 0.63 mi

Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.64 mi

St Sebastian School Private/1-8 (310) 473-3337 0.78 mi

West L A Baptist School Private/7-12 (310) 826-2050 0.88 mi

Indian Springs Continuation Alt./9-12 (310) 914-3600 0.93 mi

Westwood Elementary School Charter/K-5 (310) 474-7788 0.98 mi

New Roads Elementary School Private/K-5 (310) 479-8500 1.03 mi

See more information on Los Angeles schools from Education.com.Education.com, Inc. 2010. Use is subject to Terms of Service.


COMMUNITYCloud CMA

Area Restaurants


Name Type Distance Rating

Pomodoro Trattoria Italian 0.39 mi 408 reviews

Totoraku Japanese 1.38 mi 133 reviews

Craft American (New) 1.82 mi 878 reviews

Da Pasquale Restaurant Italian, Pizza 2.45 mi 168 reviews

n/naka Japanese 2.54 mi 101 reviews

Il Pastaio Restaurant Italian 2.89 mi 368 reviews

Spago American (New), Asian Fusion 2.95 mi 838 reviews

Mlisse French, Seafood 3.21 mi 562 reviews

Tagine Moroccan 3.71 mi 423 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 5.22 mi 332 reviews

Genwa Korean Bbq Korean, Barbeque 6.0 mi 1011 reviews

Providence American (New), Seafood, Asian Fusion 6.96 mi 1341 reviews


MLS#13671807

Cloud CMA

Property Details

$749,0001403 GREENFIELD AVE, Unit 203, Los Angeles

Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION

MLS#: 13671807 Beds: 2 Sq Ft: 2,019 List Date: May 10, 2013


FEATURES

Status details: Active; Assoc name: Park View North; Zoning: LAR3; CDOM: 1; Number of units: 9; HOA: $486;Assoc amenities: Controlled Access; TB map code: 632A4; Appliances: Dishwasher,Garbage Disposal; Interior:Elevator; Floors: Carpet,Mixed (N); Cooling: Central A/C; Heating: Central Furnace; Pool: No Pool; View: Park OrGreen Belt View;

REMARKS

This fantastic 2 bedroom + 2 bathroom condo is located in a phenomenal Westwood location! At the end of a quiet cul-de-sac,this beautiful tree lined street is just a stone's throw to Westwood Blvd., UCLA, shopping, and restaurants. A spacious livingand dining area w/wet bar are flooded with light and open to a large covered balcony overlooking greenery and lovely corridorviews. The generous floor plan allows a wonderful kitchen with eat-in area and a second balcony perfect for enjoying a book oryour morning coffee. There are 2 huge en suite bedrooms including an enormous master, both boasting extra large walk-inclosets and lots of storage space. Great master bath with dual sinks, soaking tub, and separate shower. An incredibleopportunity!



MLS#13671807


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Courtesy of Coldwell Banker-BH SouthLISTING INFORMATION



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Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 1.08 mi



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MLS#13647005

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Property Details

$720,0001825 MIDVALE AVE, Unit 203, Los Angeles

Courtesy of Keller Williams LarchmontLISTING INFORMATION

MLS#: 13647005 Beds: 2 Sq Ft: 1,879 List Date: Jan 23, 2013


FEATURES

Status details: Active; Assoc name: Westvale; Zoning: LAR3; CDOM: 108; Number of units: 12; HOA: $400;Assoc amenities: Guest Parking; TB map code: 632B4; Appliances: Dishwasher,Dryer,Freezer,GarbageDisposal,Refrigerator,Washer; Interior: Intercom; Floors: Ceramic Tile,Laminated; Cooling: Central A/C; Heating:Central Furnace; Kitchen: Corian Counters (N),Remodeled (N); Pool: No Pool; View: City Lights View,Courtyard View;Patio: Tile; Cross streets: MIDVALE & MISSOURI; Lotsize: 14299;

REMARKS

BATHROOMS HAVE BEEN UPGRADED SINCE LISTED.IF YOU ARE LOOKING FOR AN INCREDIBLY SPACIOUS 2BEDROOM PLUS DEN 2.5 BATH CONDO GREAT STREET IN PRIME WESTWOOD NEIGHBORHOOD. THIS IS IT!AN ENTERTAINERS DREAM SUNNY AND LIGHT. LARGE KITCHEN WITH STAINLESS APPLIANCES ANDBREAKFAST AREA. FORMAL DINING AREA.ENJOY RELAXING BY THE RETRO GAS FIREPLACE. TILE &PERGO FLOORS THROUGHOUT. CLOSETS GALORE. MASTER BA HAS LARGE TUB/SEP.SHOWER 2 PRIVATEBALCONIES-ONE OFF MASTER BEDROOM. COMMON COURTYARD FILLED WITH PLANTS & WATERFALL,CALL FOR APPT



MLS#13647005


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Buyer Comments


Courtesy of Keller Williams LarchmontLISTING INFORMATION

MLS#: 13647005 Beds: 2 Sq Ft: 1,879 List Date: Jan 23, 2013


Comments:



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Brawerman Elementary Of Wilshire Blvd Temple Private/K-6 (310) 445-1280 1.18 mi

New West Charter Middle School Charter/6-9 (310) 943-5444 1.22 mi

St Joan of Arc School Private/PK, K-8 (310) 479-3607 1.23 mi



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MLS#13671681

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Property Details

$699,0002015 S BEVERLY GLEN, Unit 302, Los Angeles

Courtesy of Sotheby's International RealtyLISTING INFORMATION



FEATURES

Status details: Active; Assoc name: Beverly Crown; Zoning: LAR3; CDOM: 1; Number of units: 7; HOA: $300;Assoc amenities: Controlled Access; TB map code: 632D4; Appliances: Dishwasher,Dryer,GarbageDisposal,Refrigerator,Washer; Floors: Carpet,Marble,Tile (N); Cooling: Central A/C; Heating: Central Furnace; Pool: NoPool; View: City Lights View; Lotsize: 6260;

REMARKS

Stunning Move-In ready Corner Unit with dramatic Century City Skyline Views offering lux formal entry, high ceilings withcrown moldings, lots of light bright open space, 2 balconies, open kitchen bar area, kitchen eating area, powder room, guestbedroom and bath, big master with spa-like bathroom, storage area, controlled access and walking distance to Movies and finedining in Century City! Great location to get to any LA destination - A must see!



MLS#13671681


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Courtesy of Sotheby's International RealtyLISTING INFORMATION



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St Timothy School Private/PK,K-8 (310) 474-1811 0.58 mi

Le Lycee Francais de Los Angeles-Century City ElementarySchool Private/K-1 (310) 553-7444 0.6 mi




Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.99 mi

Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.99 mi


Sinai Akiba Academy Private/K-8 (310) 475-6401 1.01 mi

Beverly Hills High School Public/9-12 (310) 229-3685 1.04 mi



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MLS#13658377

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Property Details

$599,0001639 CAMDEN AVE, Unit 301, Los Angeles

Courtesy of Keller Williams-Santa MonicaLISTING INFORMATION

MLS#: 13658377 Beds: 2 Sq Ft: 1,021 List Date: Mar 15, 2013

Status: Active Baths: 2/0 Year Built: 1988 DOM: 57

FEATURES

Status details: Active; Assoc name: Camden Avenue Condos; Zoning: LAR3; CDOM: 57; Number of units: 8; HOA:$452; Lot description: Walk Street; Assoc amenities: Assoc Maintains Landscape; TB map code: 632B4; Appliances:Dishwasher,Dryer,Garbage Disposal,Ice Maker,Refrigerator,Vented Exhaust Fan,Washer,Water Line to Refrigerator; Floors:Hardwood; Cooling: Air Conditioning; Heating: Central Furnace; Pool: No Pool; View: City Lights View; Lotsize:6948;

REMARKS

Beautiful 8 unit Condo Conversion. #301 is vacant & staged. all other units are occupied & require 24-48 hr notice to show. AllUnits Include: 2 bed /2 bath - 2 Car Subterranean parking - Kitchen Granite counters - Stainless Steel Refrigerator &Dishwasher - Stainless Steel gas range & Microwave - Washer & dryer in unit - Bath Travertine Counters - Pristine tub & tile -Recessed lighting, light fixtures - Central heat & air - Fireplace - Cosmetically renovated elevator - Large closet space - balcony /patio - Vaulted ceilings (units 301,302,303) (unit #303 has loft) see website (1639camden.com) - photos are of staged unit#301 only. Please be specific about #unit you want to see when calling LA.



MLS#13658377


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Courtesy of Keller Williams-Santa MonicaLISTING INFORMATION

MLS#: 13658377 Beds: 2 Sq Ft: 1,021 List Date: Mar 15, 2013


Comments:



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New Roads Elementary School Private/K-5 (310) 479-8500 1.01 mi



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MLS#13670967

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Property Details

$575,00010654 WILKINS AVE, Unit 3, Los Angeles

Courtesy of Coldwell Banker-BH NorthLISTING INFORMATION

MLS#: 13670967 Beds: 1 Sq Ft: 900 List Date: May 8, 2013


FEATURES

Status details: Active; Assoc name: Wilkins Luxury Condominiums; Zoning: LAR3; CDOM: 3; Number of units: 7;HOA: $259; Assoc amenities: None (N); TB map code: 632C3; Appliances: Dishwasher,Dryer,Garbage Disposal,IceMaker,Refrigerator,Washer; Floors: Bamboo,Marble; Cooling: Air Conditioning; Heating: Hot Water Radiant Floor (N);Kitchen: Granite Counters (N),Open to Family Room; Pool: No Pool; View: No View; Lotsize: 0;

REMARKS

Renovated, spacious 1 bedroom, 2 bath lower unit. Very open floorplan - great for entertaining. Modern kitchen with granitecounters and stainless appliances. Bamboo floors throughout. Very quiet & well-maintained small, safe building. Super lowMonthly HOAs. Washer/Dryer in unit! Includes 1 secure, underground parking space. [OPEN HOUSE: Sat 5/11 3-5pm & Sun5/12 2-5pm]



MLS#13670967


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Buyer Comments


Courtesy of Coldwell Banker-BH NorthLISTING INFORMATION

MLS#: 13670967 Beds: 1 Sq Ft: 900 List Date: May 8, 2013


Comments:



MLS#13670967

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Area Schools








Sinai Akiba Academy Private/K-8 (310) 475-6401 0.71 mi

Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.96 mi






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MLS#13666961

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Property Details


Courtesy of Coldwell Banker-Venice/MarinaLISTING INFORMATION

MLS#: 13666961 Beds: 2 Sq Ft: 1,518 List Date: Apr 22, 2013


FEATURES

Status details: Active; Assoc name: Park Glen; Zoning: LAR3; CDOM: 19; Number of units: 18; HOA: $475;Assoc amenities: Controlled Access,Storage Area; TB map code: 632E5; Appliances: Dryer,Refrigerator,Washer;Interior: Built-Ins,High Ceilings (9 Feet+),Turnkey,Wet Bar,Elevator; Floors: Carpet,Ceramic Tile; Cooling: AirConditioning,Central A/C; Heating: Central Furnace; Exterior: Brick; Pool: No Pool; View: Golf Course View; Patio:Covered Porch,Covered; Lotsize: 18388;

REMARKS

Check out this Immaculate property. This corner unit looks out to the golf course across the street. Full length windows floodthe living and master bedroom with light, both which have fireplaces. Both bedrooms have in-suite baths and master bath hasseparate soaking tub, shower and patio. Perfect for entertaining with a large dining area and a wet bar in the living room. Greatbuilding with an open courtyard in the center from which you enter the condo. Earthquake ins. included. Wonderful location,close to everything.



MLS#13666961


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Buyer Comments


Courtesy of Coldwell Banker-Venice/MarinaLISTING INFORMATION

MLS#: 13666961 Beds: 2 Sq Ft: 1,518 List Date: Apr 22, 2013


Comments:



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Le Lycee Francais de Los Angeles-Century City ElementarySchool Private/K-1 (310) 553-7444 0.14 mi

Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.6 mi

Notre Dame Academy Girls High School Private/9-12 (310) 839-5289 0.84 mi


Notre Dame Academy Elementary School Private/K-8 (310) 287-3895 0.9 mi

Vista School Private, SpecialEducation/PK,K-12 (310) 836-1223 1.08 mi

Julia Ann Singer Therapeutic School Private, SpecialEducation/PK, K-4 (310) 836-1223 1.08 mi

Redeemer Baptist Elementary Private/K-6 (310) 475-4598 1.09 mi

Beverly Hills High School Public/9-12 (310) 229-3685 1.18 mi



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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 as investments. Butthe flip side, is that your investment is still a home, one youre 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 primaryreason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for more space, and a change inthe family situation.

For most people, buying a home is more about giving household members more comfortable living arrangements and putting themcloser to jobs, favorite activities, other family and friends. What are your goals for buying a home? You might want a better homeand neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-familyhome with a private garage and yard. Your family may be growing, so you have to think about school districts and proximity toparks and other recreation.

If youre not certain, you might think about what would change about your situation if you became a homeowner. Youll definitelybe more established. If youre like most homebuyers, you expect to stay in your new home about 10 years.

Equity

Youll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation will eventuallyallow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may also be an important factorfor you. The combination of low interest rates and low prices allows you to buy more home for the money. Rents are rising, makingownership more affordable than renting in many areas, especially when you factor in tax incentives such as mortgage interestdeductions 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 households needs the best for the longestperiod of time, as its been proven that the longer you own a home, the more equity youll build. Todays market conditions andaffordability, make it more likely that you will reach your homebuying goals, no matter what they are.


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How to Decide Which Home to Buy

Buying a home is a long-term commitment. The home you buy should be affordable, yet offer the size, features and amenities youand your family want.

Affordability

Your monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28% of grossmonthly income. Your house payment and your debts should not exceed 36% of your income, including revolving credit, studentloans, and child support. You should also be in the correct loan for your needs. A fixed rate is more expensive, but offers moreprotection than an adjustable rate mortgage that can reset to a higher amount, making your monthly payments higher.

Also, consider the monthly operating costs of the home including utilities, HOA fees, landscaping, commuting, and other costs.

Location

Location is about convenience, and youll pay a premium to be closer to work centers, parks, shopping and transportation. You canbuy a smaller home, or you can buy a home in need of updates to get closer to where you need to be. Think about your commutes tofrequent destinations, including jobs, schools, family and friends. To get more house, you may have to move further away fromcore city centers.

Features

Make a list of must-have features so you can narrow your home search. A front porch, a two-car garage, hardwood floors, and eat-inkitchen can all add to the enjoyment of your home. Just as important is how your home is designed. The number of bedrooms andbaths should suit your household members, and the layout should suit your lifestyle. If you like to entertain, you should have plentyof dining space and storage for dishes and cookware. If you frequently work at home, youll need a home office or at least a quietdesignated workspace. Just make sure the home you choose allows 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 home you have inmind. With professional guidance, you should be able to find and buy the home of your dreams, where youll be happy for a longtime to come.


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Lower Price or Lower Interest Rate

Which is better?

In a buyers market, buyers wait for signs that prices are going lower. In a sellers market, buyers dont wait because theyre afraidprices will go higher. Both markets move on the fear of paying too much.

Right now, buyers have the best of both worlds home prices have rolled back to nearly a decade ago, and mortgage interest ratesare at record lows. Yet, many buyers are still waiting for a sign that its the right time to buy.

Should you wait for lower prices or lower interest rates before you jump in? Consider the following:

The price of a home is fixed. Buyers have figured out that interest rates can change, so they wait for prices to go lower, but whatthey dont realize is that prices have to drop significantly to equal a minor fluctuation in mortgage interest rates.

Mortgage Calulator

A quick visit to a mortgage calculator will show you the following:

If you buy a home at $200,000 and a 30-year, fixed-rate mortgage at 4.5%, your monthly payment will be $1,013.37 andyoull pay $164,813.42 in interest over the life of the loan.

The same home at 5% interest costs $1,073.64, a difference of $60.27 more per month and $186,511.57 in interest over thelife of the loan. The difference in interest payments alone is $21,698.15.

If your home dropped 5% in value and you were able to buy it at $190,000 and 4.5% interest, your payment would be$962.70, a difference of $50.67 per month, with $156,572.75 in interest over the life of the loan. Youd save $50.67 permonth than if youd paid $200,000.

At 5%, your $190,000 home costs $1019.96, or $53.68 more per month than if youd gotten the loan at 4.5%. Your interestpayments would total $177,185.99 over the life of the loan. The difference in payments is $20,613.24.

Home prices today are well below the peak of the housing boom in 2005, and mortgage interest rates are at all-time lows. Sooner orlater one of them will move up.

Why not buy while both are low?


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Your Down Payment

Good News

Lately, its been in the news that credit is tight, but if you believe that you need 20% down and perfect credit to buy a home, youmay have good news coming.

Loans are available with as little as zero down through the Veterans Administration, for veterans and active-duty military. FHA hasprograms as low as 3.5 percent down for qualifying borrowers who buy within maximum loan limits, up to $625,000.

Credit Score

Borrowers with less than perfect credit can get loans as well. Higher credit scores help qualify borrowers for better rates. Forexample, if you have a credit score of 720 or better, you can buy a home through FHA with 10% down.

The rule of thumb is simple less money down requires a higher credit score and vice versa.

A down payment is simply your way of showing the lender that you are willing to risk your money to buy the home you want. Thelarger the down payment, the more likely the lender is to make the loan.

The credit score will tell you how much money you have to put down; its a factor in your interest rate. If you put 20 percent down,you can get a loan even if you have a low credit score of 580 or 620. If you have a 740 or 760, the lender will go with less moneydown.

First Time Buyers

It also matters where the down payment money is coming from. Lenders expect first-time buyers to get help from family to buy ahome, so there may be limits to the size or percentage of the down payment gift that the lender will allow.

Down payment assistance can also come from grants. The FHA no longer allows seller-assisted down payments, but does provide alink to national organizations that may be of help. Also, check your local housing authority to see if there are grants available inyour area.

Talk to your lender before you make an offer. Get prequalified, and be up front about the source of your down payment money. Agood lender will explain the true costs of borrowing to you so you can comfortably afford the home you want as well as the monthlypayments.


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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 radius of thehome, so you can compare the home fairly in terms of location, size, features, and amenities. Next, ask your agent about marketconditions, so you can choose a strategy.

Strategy

In a buyers market, discounts are common because there are fewer buyers, more properties for sale, and home prices are soft orfalling. In a sellers 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 buyers market or a sellers market, your goal is to buy the home at a fair price. If you were the seller, what isthe lowest possible price youd accept?

Risk

Low-balling the seller is risky. If the seller feels insulted by your offer, youve lost the opportunity to negotiate. On the other hand,some sellers are simply unrealistic about their homes value. Maybe your offer will be their wake-up call. If the sellers home isoffered 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 youre serious, include a copy of yourlenders pre-approval letter, along with a cover letter summarizing your strengths as a buyer in terms of creditworthiness, flexibilityin 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 theproperty. If your offer is conditional, such as your need to sell another home before closing on the sellers, youll have to find a wayto 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 (aguarantee that youll perform as a buyer in good faith), final approval by your lender, and your right to have an inspection. Onceyour offer is negotiated and accepted, your earnest money will be sent to the escrow agent's office. Now the inspections occur, andthis is where the contract negotiations can break down. During the inspection process, the inspector will tell you about thecondition of appliances, heat and cooling systems, roofs, electrical and plumbing systems, etc, and if your future home is up tocurrent city codes. You should only renegotiate a repair when it wasnt obvious before, or when a system is unsafe or notfunctioning. Once the seller has agreed, your offer is now a binding contract, and youll proceed to closing.


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Scott McIntoshColdwell Banker

DRE number 01759826

Mobile 310-500-6107

Web www.scott-mcintosh.com

E-mail [email protected]

Blog www.thewestwoodblog.com

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Buyer TourThe Homebuying ProcessMap of All Listings1540 S BENTLEY AVE, Unit 401, Los AngelesBuyer CommentsListing PhotosMore Listing PhotosArea SchoolsArea Restaurants

1403 GREENFIELD AVE, Unit 203, Los AngelesBuyer CommentsListing PhotosMore Listing PhotosArea SchoolsArea Restaurants

1825 MIDVALE AVE, Unit 203, Los AngelesBuyer CommentsListing PhotosMore Listing PhotosArea SchoolsArea Restaurants

2015 S BEVERLY GLEN, Unit 302, Los AngelesBuyer CommentsListing PhotosMore Listing PhotosArea SchoolsArea Restaurants

1639 CAMDEN AVE, Unit 301, Los AngelesBuyer CommentsListing PhotosMore Listing PhotosArea SchoolsArea Restaurants

10654 WILKINS AVE, Unit 3, Los AngelesBuyer CommentsListing PhotosArea SchoolsArea Restaurants

2369 S BEVERLY GLEN, Unit 201, Los AngelesBuyer CommentsListing PhotosMore Listing PhotosArea SchoolsArea Restaurants

What Are Your Homebuying Goals?How to Decide Which Home to BuyLower Price or Lower Interest RateYour Down PaymentMaking an OfferContact Me