Beverly Hills ... Rodeo DR: Prepared Especially For

Beverly Hills ...
Rodeo Dr
February 1, 2012
Prepared especially for:

Wilma Flintstone 1258 Hilldale Ave West Hollywood, CA 90069
Prepared by:
Test Agent Lic #1234567, ABR,CNHS,IRES No office 4 150 Granby St Norfolk, VA 23510 Office: (302) 555-1213 Mobile: (302) 555-1213 Fax: (301) 555-5555 Home: (302) 555-1213 Email: mevansweb@verizon.net
Prepared By Test Agent
Homes Media Solutions All Rights Reserved. The accuracy of all information is deemed reliable, but is not guaranteed. So what should you do if you see an error. Nothing at all. It's Kismet!
Beverly Hills ...Rodeo Dr
Personal and Professional Information
February 1, 2012 Wilma Flintstone 1258 Hilldale Ave West Hollywood, CA 90069
Dear Wilma Flintstone

We appreciate the opportunity to present our marketing plan and analysis to you. The real estate market is changing everyday. Weve put together this comparative market analysis to give you the most up-to-date information available about what is happening in your market area. Some of the properties included in this analysis vary in size and amenities in comparison to your home. To account for these differences weve gone the extra step and included an adjusted market analysis for you, along with a standard statistical analysis. This adjusted market analysis will more accurately indicate a price range in todays market place based on factors like the neighborhood you live in, the actual size of your home, and its specific amenities. This comparative market analysis will provide you with the information necessary to indicate an appropriate price range for your property in todays market. It is very important that we price your home correctly and get your home in "showcase" condition. There are many competing homes on the market, all at different price ranges. Buyers understandably are very selective. The best-looking and competitively priced homes will attract the most qualified buyers. The following pages outline our analysis of the current market conditions, the market value of your home, and our plan to market your home to the widest possible audience in the quickest amount of time. Thank you again for this opportunity. We look forward to a successful partnership. Sincerely, Test Agent Lic #1234567, ABR,CNHS,IRES
Test Agent
Affiliation
No office 4 150 Granby St Norfolk, VA 23510 Office Mobile Fax (302) 555-1213 (302) 555-1213 (301) 555-5555
Experience
25 yrs Real Estate 15 yrs Real Estate Law
Education
Harvard Law
Professional Associations Personal Information
Our Company
We have been conducting business in the local area for many years. We have and continue to work hard to gain the respect of these many distinguished communities. This recognition is built upon a respect for our clients and neighbors. We hope your experience with us will further this reputation of personalized service and client satisfaction. Our company is comprised of people who live and work in the surrounding communities. We have personal knowledge of each neighborhoods nature, and growth possibilities. Based on this we hope to find the perfect fit for you and your family. Every community is different. Whether your focus is schools, shopping, transportation, or recreational facilities our associates will draw upon their knowledge of the local areas to find the ideal property to meet your needs. We supplement this high-touch philosophy, with a high tech edge. We have quick access to local MLS computers and software to help us analyze local market conditions. If you are one of the growing number of real estate investors, our commercial division is more than capable to provide our clients with commercial and income property opportunities. Our best asset is our people. Our dedicated and talented staff of professionals will make every effort to make sure your transaction goes as smoothly as possible. We understand that we need to earn your business. We hope the level of detail found within this Comparative Market Analysis helps you with your decision making process. We want to do as much as possible to give you the information you need to price and market your most valuable asset - your home.
Comparative Market Analysis Explanation

The remainder of this presentation contains information that will enable us to compare your home to others like it in the market place. This comparison will help us decide the fair market value for your home in the current market. Once we have decided on a price and tested it, changing market conditions may require adjustments to the price to remain competitive. This comparison is called a comparative market analysis (CMA). It uses the most current and reliable information from the Multiple Listing Service (MLS), real estate firms, and title companies in this community. The homes included in this analysis are a sampling of properties in the area that are currently for sale or that have recently sold. They provide us a base line from which to begin our comparison. Other factors considered in this comparison are square footage, location, amenities, the physical condition of your property, and the effects of any existing financing on your home. At times, the term "fair market value" causes confusion. The definition has three basic parts particular house current condition time frame (usually 30 to 90 days). Put simply, fair market value is the price at which a home will sell within a reasonable amount of time. This CMA will allow us to figure, using the above information, the fair market value for your home. Remember this is just an estimation and the price could vary up or down depending on the motivation of the buyer, seller and any fluctuations in the market.
Factors that Determine the Value of Your Home

There are many factors that determine the value of your home in the current market. The home itself is only a part of the puzzle. Well take you through each factor to help clarify the process we use to establish your homes value.
Location
Where your home is located may be the single most important factor when determining the value of your home.
Condition
The condition of your home affects the price and how quickly it will sell. The appearance both inside and out can bolster the buyers perception. Since emotion plays a large part in buying a home the buyers first look is important!
Price
Establishing the correct price for a home will help insure a quick sale for your home. This comparative market analysis will enable you to decide the optimum price for your home.
Competition
Buyers will evaluate your home against others they deem comparable. Properties currently for sale and properties that have recently sold will have the greatest impact on the market value of your home.
The Market
The real estate market is always changing and these changes may affect property values. Knowing that it is difficult to forecast the market, a flexible marketing plan will help prepare you and your home for sale.
Comparable Property Details
Wilma Flintstone 1258 Hilldale Ave West Hollywood, CA 90069
City/Area: West Hollywood Sq. Ft.: Beds: Baths: Remarks: 560 1
Listing Price: Year/Age: Lot Size: School District:
Properties Recently Sold

Address:
Beds: 1 Baths: 2 Sq. Ft.: 1,008 Year/Age: 1966 Lot Size: 0.00 Map #: 632F3 Census:
2160 Century Park E Apt 205

MLS#: F1718087 List Price: $439,900 Sold Price: $429,000 $/Sq. Ft.: $426 List Date: 6/5/07 Sold Date: 11/15/07 Exp'd Date: DOM/MT: 134
Address:
Beds: 1 Baths: 1
1258 Hilldale Ave

MLS#: L33956 List Price: $480,000 Sold Price: $560,000 $/Sq. Ft.: $1,000 List Date: 8/25/10 Sold Date: 12/19/10 Exp'd Date: DOM/MT: 120
City/Area: Los Angeles
City/Area: West Hollywood
Sq. Ft.: 560 Year/Age: 1936 Lot Size: 5,066.00 Map #: 592H5 Census:
Remarks:
LIFE STYLE AT IT'S BEST! FULL SERVICE BUILDING WITH SECURITY STAFF, DOORMAN, HOUSEMAN, 24 HOUR VALET PARKING AND GUEST PARKING, TENNIS COURT, GORGEOUS MANICURED GROUNDS WITH OLYMPIC SIZED POOL, STATE-OF-THE-ART GYM, CLOSE TO MALL, GOLF, RESTAURANTS, HOSPITAL AND MARKETS. QUIET CORNER UNIT.
Remarks:
HILLTOP HIDE-AWAY ABOVE THE SUNSET STRIP Get lost in this Hollywood Hills pied-a-terre tucked amongst multi-million dollar homes. This unique property sits at the top of a quiet cul de sac within walking distance to the Sunset Strip and is the ideal opportunity for builders or fixers looking for their diamond in the rough. With an artists studio and Century City to ocean views, this condo alternative also boasts loft ceilings, large windows, a river rock fireplace, concrete floors & mature trees.
Address:
Beds: 5 Baths: 5
1301 N Beverly Dr
Address:
Beds: 2 Baths: 1
1118 S Wetherly Dr
City/Area: Beverly Hills
Sq. Ft.: 5,516 Year/Age: 1923 Lot Size: 11,373.00 Map #: 592E5 Census:
Sq. Ft.: 1,339 Year/Age: 1926 Lot Size: 6,350.00 Map #: 632H3 Census:
Remarks:
Bank Owned Home. Contractors opportunity. This is a 5,500 sq.ft. home unfinished. This is a hillside home and needs A LOT OF WORK!!! Subject property will not qualify for financing and we are looking for a fast escrow. Subject home will be sold 'As-Is'. Buyer and Buyer's agent to do their due-diligence.
Remarks:
Great opportunity to fix up or remodel a lovely traditional home. Property is a short sale subject to lender approval. Needs some work, seller will not make repairs. Beverly Hills adjacent on the first block south of Beverly Hills. Quiet street has many re-done homes. Very large living room with fireplace, has high ceilings plus a separate dining room, home has 1,339 sq feet. Knotty pine added den at rear, permits are unknown. nice size bedrooms. There is a small separate room that could be a 3rd bedroom, office, or breakfast room. Nice yard and patio. Sold as-is.
Properties Recently Sold

Address:
Beds: 3 Baths: 2.25 Sq. Ft.: 1,452 Year/Age: 1958 Lot Size: 6,247.00 Map #: 632E4 Census:
10335 Orton Ave

MLS#: FR2072981 List Price: $1,050,000 Sold Price: $930,000 $/Sq. Ft.: $640 List Date: 2/12/07 Sold Date: 8/17/07 Exp'd Date: DOM/MT: 174
Address:
Beds: 3 Baths: 2
361 S Clark Dr
MLS#: S588227 List Price: $1,050,000 Sold Price: $950,000 $/Sq. Ft.: $633 List Date: 9/3/09 Sold Date: 1/9/10 Exp'd Date: DOM/MT: 132
City/Area: Beverly Hills
Sq. Ft.: 1,501 Year/Age: 1924 Lot Size: 6,000.00 Map #: 632H3 Census:
Remarks:
Excellent neighborhood,best location in LA.Very modern styled home.Property is nestled in residential tree lined street.3+2.25, 1,452sqft.6,247sqft lot.Freshly painted interior,new carpeting and recessed lights.Fireplace in living room.Large kitchen.Landscaped front yard;large back yard with views and fruit trees.Two car garage with laundry hook-up
Remarks:
Single story, detached 3 bedroom 2 bath. Property offers new paint inside, outside within the last 5 years, dual pane windows & slider and was re-roofed in 2005. The kitchen has eating nook. Home has dining area off living room. Central heat & A/C. Major remodel in 1962. 2 car garage in rear of property, drive thru carport at entry of home, electric driveway gate. Property sides and backs to alley. Great opportunity-best priced home in town!
Map of Comparable Properties
Comparable Properties Map Listing Index

Order #
1 2 3 4 5 6
Address
2160 Century Park E Apt 205 1258 Hilldale Ave 1301 N Beverly Dr 1118 S Wetherly Dr 10335 Orton Ave 361 S Clark Dr
Date Listed
6/5/2007 8/25/2010 10/9/2009 8/8/2008 2/12/2007 9/3/2009
Listing Price
$439,900 $480,000 $777,000 $850,000 $1,050,000 $1,050,000
Market Analysis
Market Analysis
Comparable Property Statistics

Sold Properties
Number of Listings Lowest Sold Price Average Sold Price Highest Sold Price Average Price/SqFt Average DOM
6 $429,000 $740,667 $950,000 $391 134
Market Analysis
Summary of Comparable Properties

Address Beds Baths DOM SqFt List Price Sold Price Sold Date
Sold Properties
2160 Century Park E Apt 205 1258 Hilldale Ave 1301 N Beverly Dr 1118 S Wetherly Dr 10335 Orton Ave 361 S Clark Dr 1 1 5 2 3 3 2 1 5 1 2 2 134 120 67 174 174 132 1,008 560 5,516 1,339 1,452 1,501 $439,900 $480,000 $777,000 $850,000 $1,050,000 $1,050,000 $429,000 $560,000 $825,000 $750,000 $930,000 $950,000 11/15/2007 12/19/2010 12/29/2009 03/27/2009 08/17/2007 01/09/2010
Averages
134
1,896
$774,483
$740,667
Market Analysis
Summary Analysis
Listing Category Lowest Price

Sold Total Averages $429,000 $429,000
Highest Price Average Price

$950,000 $950,000 $740,667 $740,667
$/SqFt
$391 $391
DOM
133 133
Market Analysis
Sold Property Analysis

Address 2160 Century Park E Apt 205 1258 Hilldale Ave 1301 N Beverly Dr 1118 S Wetherly Dr 10335 Orton Ave 361 S Clark Dr Sold Averages List Price $439,900 $480,000 $777,000 $850,000 $1,050,000 $1,050,000 $774,483 Sold Price $429,000 $560,000 $825,000 $750,000 $930,000 $950,000 $740,667 DOM 134 120 67 174 174 132 134 % Chg -2.48 % 16.67 % 6.18 % -11.76 % -11.43 % -9.52 % -2.06 % $/SqFt $425 $1,000 $149 $560 $640 $632 $568
Market Analysis
Adjustments for Sold Listings

Property Information:
Address: MLS#: 2160 Century Park E Apt 205 F1718087 List Price: $439,900 DOM: List Date: Sold Date: Sq Ft: 134 0/5/2007 0/15/2007 1,008 Map Code: 632F3 Beds: 1 Sold Price: $429,000 Baths: 2
Adjustments:
Property Description
1 2 1008 0 1966
Subject Description
+ /-
Values
Beds Baths SqFt LotSize Age
5 5516
Adjustments Summary:
Total Adjustments: Actual Sold Price: Adjusted Sold Price: % Change: $0 $429,000 $429,000 0.0%
Preparing Your Home For Sale
Seller's Approximate Proceeds

Low Price: Costs:
First Mortgage Second Mortgage Commissions Escrow Fees Home Warranty Pest Inspection Tax Stamp Title Insurance Termite Work Other Work $90,000 $10,000 $42,240 $889 $350 $60 $803 $3,820 $0 $0 $90,000 $10,000 $46,680 $963 $350 $60 $887 $4,190 $0 $0
High $778,000
$704,000
Total Estimated Closing Costs
$148,162
$153,130
Net Cash To Seller
$555,838
$624,870
I understand that the above is an estimate only and that the actual costs which would be incurred may vary if an actual sale is consummated. The estimate amounts above are not guaranteed in any way.
Seller
Date
Broker/Sales Associate
Date
Where the Money Goes

Normally, real estate commissions are split four ways: - The listing broker, - The listing agent, - The selling broker, - The selling agent. Each of these professionals serve a very important role in the sale of your home, and is duly compensated.
Why do you need a Real Estate Professional

Do you really have all the time, energy, information, resources, and contacts to properly market and sell your home? Would the process be a smooth one? Would it give you more time to focus on your personal life? Would you be able to get the best price for your home? Below we have listed just a few areas in which we believe a real estate professional truly earns their commission:
significantly enhance the salability of your home.
Security
When the property is marketed with the help of a qualified real estate professional, you avoid allowing strangers into your home. Real estate professionals will generally pre-screen and accompany qualified prospects through your property. This increases your safety and allows for any last minute preparation.
Pricing
A real estate professional is best suited to determine a pricing strategy for your property. You dont want to miss opportunities by overpricing or undervaluing your property. Knowledge about the surrounding areas, pricing trends, local information, and experience will ensure you are getting the best price for your home.
Negotiating
Your real estate professional can assist you with objectively evaluating every buyer's proposal without compromising your marketing position. This initial agreement is only the start of a process that involves appraisals, inspections, and financing - and a lot of potential obstacles. Your real estate professional can help you write a legally binding agreement that will be more likely to make it through this complicated process.
Marketing
A real estate professional has many ways to effectively market your property. Proven marketing methods include flyers, open houses, the internet, local newspapers, and listing in the local Multiple Listing Service (MLS). There is a common misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS studies show that 82% of real estate sales are the result of contacts through previous clients, referrals, friends and family, and personal contacts. Keep in mind, advertising is only one part of marketing. The choice of media and frequency of advertising depends a lot on the home and specific market. Overexposure of a property in any media may give a buyer the impression the property is distressed or the seller is desperate. A qualified real estate professional will know when, where and how to advertise your property. Marketing also includes the exposure of your home to other real estate professionals and the general public. In many markets over 50% of real estate sales are cooperative sales; that is, a real estate professional other than yours brings in the buyer. Your real estate professional acts as the marketing coordinator, disbursing information about your property to other real estate professionals through the MLS, open houses, and office meetings. Preparation is critical to marketing your property effectively. A real estate professional is best suited to recommend repairs and cosmetic work that will
Monitoring, Renegotiating and Closing

Between the initial sales agreement and closing/settlement, questions may arise. For example, unexpected repairs are sometimes required to obtain financing or a concern with the title could potentially be uncovered. The required paperwork alone is intimidating for most sellers. Your real estate professional is the best person to objectively help you resolve these issues and move the transaction to closing/settlement. Your real estate professional can also meet with other professionals involved in the transaction process. Their industry contacts can make sure any unforeseen issues are handled reliably and quickly.
Comparable Price Analysis
Comparable Price Analysis

Low Price Average Price High Price
Sold Price $429,000 $740,667 $950,000
Price per Sq.Ft. $426 $391 $633
Approx. Market Value
Seller
Date
Broker/Sales Associate
Date
The Importance of Intelligent Pricing
A competitively priced home will attract a high percentage of prospective buyers. The Intelligent Pricing Pyramid above demonstrates that a home priced at market value will attract a greater percentage of prospective buyers than a home price above market value. The higher above market value the home is priced, the fewer prospective buyers. A home priced below market value will typically attract the greatest percentage of prospective buyers. The further below market value the home is priced, the more prospective buyers.
The Importance of Intelligent Pricing
Selling Price vs. Timing
You need to price your home prudently from the beginning, when buyer interest will be high. Timing is very important in real estate. The above graphic shows the importance of placing your property on the market at a realistic price from the start. A home attracts the most excitement and interest when it is first placed on the market for sale. A home has its greatest chance for selling when it is newly listed. Pricing your home correctly, from the start, will help it sell in the shortest possible time frame.
Marketing Planner
Date
2/1/2012 2/2/2012 2/2/2012 2/2/2012 2/3/2012 2/3/2012 2/5/2012 3/17/2012
Task
Sign listing papers Input listing into the MLS Order for sale sign for property Order lock box for property Advertise in local newspaper and on web site Create flyers and other marketing materials Hold open house Review pricing strategy
Completed
Maximizing First Impressions

Exterior and Curb Appeal
Experts say most buyers make their decision at first sight.
General Exterior
Prospective buyers will react well to signs your home has been meticulously maintained. Manicure landscaping: mow, edge and water lawn, trim hedges, weed and fertilize flowerbeds, and prune trees. Keep driveway clean and free of parked cars, and keep the garage door closed. Repair or replace loose or damaged roof shingles. Minimize cracks or crumbling on walkways, walls, or steps, and keep them clean and free of obstructions like toys or snow. Items from RVs to waste cans left out can contribute to a cluttered or busy appearance. Make sure that from the street, your property appears clear. Inspect appearance of interior window coverings from the curb. Repair any peeling paint or loose caulking on windows or other areas. Take steps to eliminate insect or rodent pests. Pick up after your pets and neighborhood animals. While agents work the lockbox for a key, buyers have idle time to notice details. Apply a fresh coat of paint to the front door. Consider adding pots of flowering plants in the entryway if weather permits. Eliminate cobwebs and groom doorway area windows, porch light, or decorative glass.
Doorway
Interior Appeal
Once inside, experts say most buyers are reaffirming their curbside decision.
Clean, Clear, Light and Bright
Give every room in the house a thorough cleaning and remove all clutter. Hiring a cleaning service may pay for itself by adding to a buyers perceived value of your home. For a sleeker, more spacious look, consider placing furniture from crowded rooms in storage. Clear kitchen counters of everything other than perhaps a few pretty items. Ask yourself: In a model home, would a professional decorator put your choice of items out on the counter? Remember, closets will be opened! Keep closets, cupboards, and even your attic orderly and neat. Since you're anticipating a move anyway, consider holding a garage sale or boxing and storing unused belongings. If necessary, repaint or clean/replace dingy, soiled or strongly colored walls, and window and floor coverings with a light, neutral shade. Bright rooms look bigger, and neutral colors help buyers envision their own furnishings and dcor. Repair dripping faucets, burned out light bulbs, or cracked windowpanes. Repair cracks, holes or damage to plaster, wallboard, wallpaper, and tiles. Subtle scents of potpourri in bedrooms or baths and fresh baked cookies or cinnamon in the kitchen can make your home more inviting. Keep an attractive set of towels in each bathroom to be brought out only for showings.
Warm and Homey
Successful Showings and Open Houses

When you plan open house appointments, it allows you time to prepare, but there are times when you wont have the luxury of advanced notice and your property needs to look the best that it can to entice the motivated buyer. Remember, every time you leave your home, you need to make sure it is ready for an unexpected showingheres how.
General Preparation
When preparing your home, think about the interior decorating ideas used to show builders' model homes and how you would be wowed if you were the potential buyer. Remember the pointers from "First Impressions" checklist, especially regarding cleanliness, clutter and repairs - interior and exterior. Open drapes and light lamps including those in closets, basement or attic - creating as light, cheerful and calm environment as possible. Make the potential buyer feel welcome by filling candy dishes and putting out fresh flowers.
Bedrooms
Make the beds; put away clothes and toys. Turn the blinds so slats are uniformly open and dont forget to put on light if room is dark.
Bathrooms
Put out a clean hand towel, fresh soap and clean soap dish, and make sure there is a full box of tissues. Put toilet lid down. Potpourri dish can provide a nice sight and scent.
Kitchen
Put away all dishes and discreetly conceal countertop articles. Simmer a few drops of vanilla on stove for a relaxing fragrance.
Dining Room
Arrange inviting centerpiece and turn on the lights/chandelier. Consider setting the table with fine china and linen.
Living Room/Family Room/Den

Straighten pictures on walls and wipe all tabletops. Fluff and arrange couch cushions and throw pillows. Dispose of newspapers and drink containers. Light fireplace in winter.
Entryway
When exiting just before buyers arrive, turn around at front door and review the First Impression checklist. What is the first thing that catches your eye from that viewpoint? Will it help or hinder the appearance of your home? Notify your neighbors of scheduled open house days. You never know if they have friends or family that are in the market for a home.
Checklist for Moving

Moving can be a busy time with many small yet important tasks to complete. You want to make sure all of your belongings arrive safely at your new home, the mail is forwarded, and the lights are turned on. This checklist will help keep you organized as you prepare your move.
Before Moving
Change of address notices: Post Office. Banks, Credit Cards, other monthly bills. Insurance - new locations for fire and auto. Subscriptions. Friends, Relatives. (Remember some of these need several weeks notice.) Utility Companies: Gas, water, electricity, telephone, fuel. Turn them off at your current home and on at your new home. Dont forget to ask for refunds if you made any advance deposits. Finances: Find a new bank if necessary. Arrange check-cashing and coordinate credit references. Medical Records: Get referrals for doctors, dentists, and veterinarian. Obtain any necessary prescriptions, x-rays, eyeglasses, medical records, and birth Records. Packing: If using a moving company, check for: insurance coverage, payment schedule, other shipping documents, arrival day, labor, and prep work to be accomplished beforehand. If you are moving, have plenty of boxes and wrap on hand. Pack as much as possible in advance, dont wait until moving day. Empty and clean freezer and refrigerator.
Moving Day
Transportation: Prepare for the needs of small children and animals. What will they do while you are packing and how will they get to your new home? Double check: When the house is empty, but before the moving truck door closes, double check closets, attics, back yard, and any other storage locations to make sure they are empty. Important Items: Carry jewelry and documents yourself or send them registered mail. Money: You should carry enough cash or travelers checks to cover your move and expenses until you reach your new home. Keys:
Checklist for Moving

Leave old house keys with a neighbor or your real estate professional.
At Your New Home

Utilities: Check that your gas, electricity, water, and telephone have been turned on. Check pilot lights on stove, water heater, and furnace. Automobile: Have your address changed on your drivers license. If you have moved to a new state have the car registered within 5 days to prevent penalties. Apply for a new drivers license. Remember to: Register children in new school. Locate new doctor, dentist, etc.

Beverly Hills ... Rodeo DR: Prepared Especially For

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