Buyer Tour PREPARED FOR Westwood Homes Open House 3 29 14 MARCH 29, 2014
Westwood Homes Open House March 30th, 2014
Feb 18, 2016
This buyer tour booklet lists all the homes open in Westwood on Sunday March 30th, 2014.
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Cloud CMA
Buyer Tour
PREPARED FOR
Westwood Homes Open House 3 29 14
MARCH 29, 2014
LISTINGSCloud CMA
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
MLS # Status Address Price
12 14734205 A 2254 OVERLAND AVE, Los Angeles $1,050,000
Status: A = Active
MLS#14745535
Cloud CMA
Property Details
$3,695,000720 HOLMBY AVE, Los Angeles
Courtesy of Hilton & HylandLISTING INFORMATION
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: CentralFurnace; 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 SFguesthouse on a 14,096 SF lot. The owners have updated the kitchen, remodeling the master bathroom and otherupstairs 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 largepicturesque bay window and a period fireplace. A chic dining room and great family room off the updatedkitchen.Upstairs, the master suite has vaulted ceiling, a walk-in closet and an updated master bath. Original characterabounds in the whimsical contours of the additional bedrooms and bath.The rear yard is divided into 2 tiers, acentralized patio off the kitchen is great for entertaining, and a flat grassy play yard with an adorable deta...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14745535
Cloud CMA
Listing Photos
$3,695,000720 HOLMBY AVE, Los Angeles
MLS#14745535
Cloud CMA
More Listing Photos
$3,695,000720 HOLMBY AVE, Los Angeles
MLS#14741471
Cloud CMA
Property Details
$3,195,000441 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: 17
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: 17; 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.
MLS#14741471
Cloud CMA
Listing Photos
$3,195,000441 DALEHURST AVE, Los Angeles
MLS#14741471
Cloud CMA
More Listing Photos
$3,195,000441 DALEHURST AVE, Los Angeles
MLS#14745205
Cloud CMA
Property Details
$2,495,00010367 LOUISIANA AVE, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
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: Built-Ins,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,CityLights 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 storyresidence w/views from Century City to the Santa Monica Mountains & approx. 95% new construction. Buyers willooo & 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 thatincludes a formal living room w/Busby tile fireplace, formal dining room, gourmet center island kitchen withCalacatta marble counters & built-in Viking appliances plus the family room with built-in entertainment centerfeaturing 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 ...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14745205
Cloud CMA
Listing Photos
$2,495,00010367 LOUISIANA AVE, Los Angeles
MLS#14745205
Cloud CMA
More Listing Photos
$2,495,00010367 LOUISIANA AVE, Los Angeles
MLS#14733319
Cloud CMA
Property Details
$2,299,00011150 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: 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-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.
MLS#14733319
Cloud CMA
Listing Photos
$2,299,00011150 W SUNSET BLVD, Los Angeles
MLS#14733319
Cloud CMA
More Listing Photos
$2,299,00011150 W SUNSET BLVD, Los Angeles
MLS#14743787
Cloud CMA
Property Details
$1,988,0002341 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: 16
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: 16; 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.
MLS#14743787
Cloud CMA
Listing Photos
$1,988,0002341 MIDVALE AVE, Los Angeles
MLS#14743787
Cloud CMA
More Listing Photos
$1,988,0002341 MIDVALE AVE, Los Angeles
MLS#14745633
Cloud CMA
Property Details
$1,888,0002012 PELHAM AVE, Los Angeles
Courtesy of RE/MAX ESTATE PROPERTIESLISTING INFORMATION
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 BeltView; 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, BAMBOOFLOORS, CENTRAL A/C & HEATING, RECESSED LIGHTING, 2 LARGE BALCONIES, 4 SKYLIGHTS,DETACHED 2-CAR GARAGE, SECURITY SYSTEM AND PRE-WIRED AUDIO SPEAKERS THROUGHOUTTHE HOUSE. COMPLETELY REMODELED ON THE 1ST FLOOR IN 2006 WHEN THE 2ND STORY WASBUILT! WESTWOOD CHARTER SCHOOL DISTRICT. CHEVIOT HILLS PARK, SHOPS AND RESTAURANTSNEAR WESTSIDE PAVILION AND CENTURY CITY MALL!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14745633
Cloud CMA
Listing Photos
$1,888,0002012 PELHAM AVE, Los Angeles
MLS#14745633
Cloud CMA
More Listing Photos
$1,888,0002012 PELHAM AVE, Los Angeles
MLS#14745247
Cloud CMA
Property Details
$1,549,0002025 FAIRBURN AVE, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
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: CentralFurnace; 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 coveredfront porch. Living room w/ fireplace & built-in book shelf opens to formal dining room w/ wainscoting. Ideallydesigned floor plan with kitchen & breakfast bar opening to rear family room w/ french door access to grassybackyard 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 & 2spacious walk-in closets. Master bathroom w/ dual basins & separate bath & shower. Additional features include peg-n-groove hardwood flooring throughout, crown molding, spacious bedrooms. Laundry room off kitchen. Oversized4-car garage w/ automatic door, tile flooring including adjacent large finished storage room. Close proximity to Ce...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14745247
Cloud CMA
Listing Photos
$1,549,0002025 FAIRBURN AVE, Los Angeles
MLS#14745247
Cloud CMA
More Listing Photos
$1,549,0002025 FAIRBURN AVE, Los Angeles
MLS#14740485
Cloud CMA
Property Details
$1,475,0002144 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: 30
FEATURES
Status details: Active; Appliances: Dishwasher,Dryer,Freezer,Garbage Disposal,Gas Or Electric DryerHookup,Refrigerator,Stackable W/D Hookup,Washer; Interior: Laundry - Closet Stacked; Kitchen: GourmetKitchen (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 Charmwith Modern Upgrades in a highly desirable neighborhood. Extensively & Tastefully Remodeled. 4 Large bedrooms, 2full+1 half bath. Bright living room has coffered ceilings with original fireplace. Formal Dining Rm has Frenchdoors. 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 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. Add'l Features: Central AC/heat, dual panewindows, hardwood floors, 2 car garage. Walking distance to top-rated Westwood Charter Sc...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14740485
Cloud CMA
Listing Photos
$1,475,0002144 MIDVALE AVE, Los Angeles
MLS#14740485
Cloud CMA
More Listing Photos
$1,475,0002144 MIDVALE AVE, Los Angeles
MLS#14745369
Cloud CMA
Property Details
$1,449,0001501 KELTON AVE, Los Angeles
Courtesy of Coldwell Banker-BrentwoodLISTING INFORMATION
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 witheasy floor plan. There is a separate bedroom wing allowing for privacy when entertaining. This includes a largemaster w/ abundant closet space and one additional bedroom upstairs. There are 2 bedrooms + nursery/gymdownstairs. The home offers a perfect floor plan for entertaining with French Doors from DR and kitchen/FR thatopen to the garden, yard and private hot tub amongst the trees and stars at night. So many features to mention: LRwith FP, newer HW in most rooms. 2-car garage w/ extra storage. Located in the Fairburn School District. Sidewalksfor kids, close to shops, restaurants, Century City, Westwood. Easy to show and priced to sell.
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14745369
Cloud CMA
Listing Photos
$1,449,0001501 KELTON AVE, Los Angeles
MLS#14745369
Cloud CMA
More Listing Photos
$1,449,0001501 KELTON AVE, Los Angeles
MLS#14739689
Cloud CMA
Property Details
$1,299,0002117 GLENDON AVE, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
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: CentralFurnace; View: City Lights View,No View; TB map code: 632C5; Zoning: LAR1; Patio: CoveredPorch,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 touchesthroughout. Charming covered front porch leads to formal entry. Light & bright living room with fireplace andcoved ceiling opens to spacious formal dining room in center of home, ideal for entertaining. Totally updatedgourmet kitchen complete with pull out drawer pantry, newer cabinetry, granite countertops, stainless steel appliancesand authentic period 6-burner range and double oven. Rear family room with built-ins and french doors opening toflagstone 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 bathwith wainscoting. Additional features include central a/c/heat, dual pane windows, hardwood floors & a...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14739689
Cloud CMA
Listing Photos
$1,299,0002117 GLENDON AVE, Los Angeles
MLS#14739689
Cloud CMA
More Listing Photos
$1,299,0002117 GLENDON AVE, Los Angeles
MLS#14742709
Cloud CMA
Property Details
$1,175,000467 LEVERING AVE, Los Angeles
Courtesy of Citiwide BrokerageLISTING INFORMATION
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 TopView; 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 2separate bedrooms with bathroom in between them. Backyard/courtyard with a bricked patio. Near to UCLA andWestwood Village.Warner Ave Elementary.On the market for first time in over 50 years. MUST SEE!! You can add asecond story to the existing house under Mansionization Ordinance, which allows up to 5000 SQ-FT of living space.
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14742709
Cloud CMA
Listing Photos
$1,175,000467 LEVERING AVE, Los Angeles
MLS#14742709
Cloud CMA
More Listing Photos
$1,175,000467 LEVERING AVE, Los Angeles
MLS#14734205
Cloud CMA
Property Details
$1,050,0002254 OVERLAND AVE, Los Angeles
Courtesy of Savanna Real EstateLISTING INFORMATION
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. Brightand welcoming living room features a fireplace, window shutters, vaulted ceilings and recessed lighting. The adjacentdining room leads to the updated kitchen with stainless steel appliances and granite countertops. Hardwood floorsthroughout the house. Master bedroom has access through French doors to the lush backyard with spacious greenarea. Perfect for entertaining or playing. Detached two car garage provides a separate space for an office or playroomif desired. Move-in ready. Fabulous location near the Westside Pavilion. Close to retail, restaurants and TheLandmark movie theatre. Westwood Charter School. This is a must see!!!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
MLS#14734205
Cloud CMA
Listing Photos
$1,050,0002254 OVERLAND AVE, Los Angeles
MLS#14734205
Cloud CMA
More Listing Photos
$1,050,0002254 OVERLAND AVE, Los Angeles
INFOCloud CMA
What Are Your Homebuying Goals?
With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes asinvestments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years ormore.
Ownership
According to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®, theprimary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for morespace, and a change in the family situation.
For most people, buying a home is more about giving household members more comfortable living arrangements andputting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? Youmight want a better home and neighborhood. You might want a different kind of living experience, such as moving froman apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to thinkabout school districts and proximity to parks and other recreation.
If you’re not certain, you might think about what would change about your situation if you became a homeowner. You’lldefinitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10 years.
Equity
You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation willeventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may alsobe an important factor for you. The combination of low interest rates and low prices allows you to buy more home forthe money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factorin tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income.
When you buy, make your goals long-term. Choose the home you think will serve your household’s needs the best for thelongest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s marketconditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.
INFOCloud CMA
The Homebuying Process
Follow These Steps
Get prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as child supportas well as the type of loan you choose. Other factors that impact how much home you can buy is the down payment;smaller down payments mean higher monthly payments. Last, the interest rate and terms (30-year, fixed or adjustablerate) will determine what you can afford in monthly payments.
Make your wish list - Decide where you want to live and how many bedrooms and baths you’ll need. Consider lifestyle -condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, butmuch more exterior and yard maintenance.
Hire a real estate professional - Your real estate professional should be expert in the area where you want to live andfamiliar with the type of home you want to buy. Your agent has house-by-house experience in your neighborhood andcan offer the best advice on homes in your range.
Select your home - No home is perfect, so don’t let minor flaws influence you. Think long-term. Which home best suitsthe activities and needs of your household now and in the years ahead? Don’t buy more than you need or cancomfortably afford.
Make an offer - Your offer depends on the current market. If a home has been on the market a long time, you can askthe seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your realestate professional for advice.
Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector willpoint out the age of systems, and large and small repairs that are needed, so you’ll know what you’re facing as the nextowner.
Get an appraisal - The bank appraisal determines market value. If the home doesn’t appraise for the purchase price, thebank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender will move towardclosing.
Go to closing - Once final negotiations are complete, the parties to the transaction meet at the escrow office. This couldbe a title company, real estate attorney, or whatever is customary in your area. All paperwork is signed by both parties.The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Once all the disbursementshave been made, you get the keys to your new home, according to your agreement. Congratulations! You’re ready tomove into your new home
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.
CLIENT REVIEWS
INTRO
Download this report (PDF)
What's Up With The Bar Code?
This QR code makes it easy for you to download thisreport to your smart phone.
1. Make sure your phone can scan a QR code withits camera. If you don't already have one, you can tryhttp://cloudcma.com/qr on your phone's browser todownload an app, or do a Google search for the model ofyour phone along with the term "QR reader".
2. Now use that app to scan the QR code above.
Scott McIntoshColdwell Banker
BRE number 01759826
Mobile 310-500-6107
Web www.scott-mcintosh.com
E-mail [email protected]
Blog www.thewestwoodblog.com
Facebook http://www.facebook.com/agentscott
Twitter https://twitter.com/#!/theagentscott
LinkedIn http://www.linkedin.com/in/agentscott
Address 11999 San Vicente Blvd. Suite 100, LACA 90049
Office 310-979-3942
Cloud CMA
Contact Me
Related Documents
