Vivian Long-RE/MAX Optima

Vivian is a real estate Broker and has served her association in several capacities and represented her region on the state level. She also has served as President of the Women's Council of Realtors, Greater Los Angeles Chapter, as Treasurer for seven consecutive years for the Glendale Association of Realtors as well as on the Board of Directors, as Education Committee Chair, and presently serves on the Professional Standards Committee.

A: A "Comparative Market Analysis" should be done to see what has been sold in that neighborhood that compares in amenities and size to that particular property. A: It depends on the market. In a seller's market, you're in a bidding war. If in a normal market, and the property is not overpriced, usually two to seven per cent, depending on the price range of the home.

1. Offer/counter-offer(s) made and negotiated. Seller confirms that all utilities are on for inspections. 2. Copy of purchase contract and counter offers sent to lender and to escrow, officially "opening" escrow. The deposit monies are sent to escrow.

3. Buyer immediately orders all asset statements from 401K's, retirement funds, pensions, CD accounts, etc. for lender as these take time to get (they must be current), in order to obtain loan approval and remove loan contingency within the required contract time frame.4. Property disclosures/reports are given to buyer for approval within seven days, preliminary title report is ordered for title purposes.

1. Buyer's deposit monies, copy of purchase contract and counter offers (if any) are sent to escrow along with termite report, Natural Hazard Disclosures and Preliminary Title Report, i.e. "Escrow is opened." 2. Seller's Property Disclosures are given to buyer for review and approval (within 7 days of acceptance of offer).

Communities may have miscellaneous requirements such as installing "low-flow" toilets, water & seismic retrofit items, etc., prior to close of the transaction. Taxes you owe are prorated by the day and of course all liens of any type must be paid off. Some of the Buyer's closing costs may be paid for by the seller if negotiated.