CATHLEEN + BRANDO

Summer. Mid-City/Larchmont/Silver Lake duplex with an ADU (or possibility of one) with easy freeway access. Studio space to WFH. Rentable space. Roommate as the property manager. Cosmetic Fixers are okay - bathroom/kitchen renovation.

CHEAT SHEET LINK

THE PROCESS

The short version is:

Look at Properties
Get Pre-Approved
Fall in Love
Make an Offer

We balance the head and the heart. The fun stuff with the practical.

Of course, the timeline for getting into your home on this can vary based on the market and finding the right place, but once we have a pre-approval letter from a lender we can begin submitting offers.

THE OFFER

In order to make an offer you will need:

Pre-approval letter
Proof of Funds for Downpayment
Signed Purchase Offer

Proof of Funds can be either a bank statement or an investment account statement with the numbers blacked out.

The Purchase Offer will layout 3 factors:

Price
Time of Possession/Escrow Length
Contingencies

Contingencies are your safety nets. The 3 main contingencies are:

Inspection
Appraisal
Loan

PROPERTIES

1132 W Kensington Rd, Los Angeles, CA 90026

4 bed | 4 bath Further east than preferred but love the layout of this property.

$1,565,000

1037 S Hudson Ave, Los Angeles CA 90019

4 bed | 2 bath Pretty house, but would need to build back the wall that separates the duplex.

$1,599,000

1325 S Longwood Ave, Los Angeles CA 90019

8 bed | 4 bath A bit higher than what we'd like to pay but love this layout + ADU + super spacious.

$1,690,000

1335 S Sycamore Ave, Los Angeles CA 90019

4 bed | 2 bath Layout is nice but I def want a unit with 2bed/2bath for myself to live in so would need to add a bath/not sure how feasible that is.

$1,499,000

5934 Comey Ave, Los Angeles CA 90019

4 bed | 4 bath A bit out of our price range as well but love this layout and cute interiors.

$1,720,000

A Short Timeline

From the time you start looking to the time you find your house can vary due to the housing inventory and the current market. However, once your offer is accepted, it’s go time!

Escrow is usually 21-30 days but can take anywhere from 10-60 days or longer depending on what the seller and buyer need, and funding.

SAMPLE OF A SHORT 21-DAY TIMELINE:

day 1: Offer Countered or Accepted!
day 2: Go into Escrow!

day 1-3: Wire Earnest Money Deposit (usually 1-3%).

day 1-10: Investigation and Inspection Period.

day 7-14: Appraisal.
day 17-21: Final Walkthrough.
day 17-21: Loan Funds!

day 17-21: Wire Down Payment and Closing Costs.

day 21: KEYS!

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