Brokers Market Analysis And Strategy Report.pdf

Worldwide ERC® Broker’s Market Analysis and Strategy Report Purpose: This report is designed to enable the real estate broker to conduct a diligent analysis of the subject property’s condition, competition, and future marketability. Based on this analysis, the broker is to estimate the subject property’s Most Likely Sales Price. This is not a home inspection. Nor is this an appraisal; this comparative market analysis has not been performed in accordance with the Uniform Standards of Professional Appraisal Practice. It is not to be construed as an appraisal and may not be used as such for any purpose. Preparers of this form need to be aware of any state-specific disclosure requirements and include them in this form as appropriate.

SUBJECT INFORMATION

ASSIGNMENT INFORMATION

Procedural Guidelines: For procedures on contacting homeowner, inspecting property, submitting report, and providing photos, follow the requesting company’s guidelines. The Most Likely Sales Price (MLSP) is based on “as is” condition and a marketing time not to exceed 120 days to a contract of sale or as directed by the client. File #: 1000216093 Homeowner(s): An-Yin (Ken) Su Property Address: 17716 SW Falling Leaf Ct. Home Phone #: 503-858-3340 City, State, Zip: Beaverton, Oregon 97006 Work Phone #: BMA Requested by (Co. & Contact): MIGroup - Tempie Crawford e-mail: [email protected] Requesting Co. Address: 3500 Claymoore Park Drive Phone #: 713-460-0192 City, State, Zip: Houston, Texas 77043 Fax #: 713-460-4382 Real Estate Firm: Prudential Northwest Properties Contact Name: Morgan Patten-Dingell e-mail: [email protected] Real Estate Firm Address: 9600 SW Barnes Road Phone #: 503-350-7226 City, State, Zip: Beaverton, Oregon 97225 Fax #: 503-626-9640 Lorin Karge Agent Preparer: Phone #: 503-547-3418 Homeowner’s purchase price: $ 224,900.00 Date purchased: 03/14/2005 Improvements made by homeowner if any: Upgraded the kitchen and baths with solid granite. General maintenance like replacement of all blinds and trim painting on exterior.

Is the subject currently listed? □ Yes □ No Listing Company/Agent: N/A ■ Form of Ownership: □ Fee Simple □ Leasehold Occupant: ■ □ Homeowner ■ Type: □ Condo Coop PUD Mixed Use Town House ■Single Family □ Other: Indicate any personal property that remains (e.g., refrigerator, range, etc):

□ Tenant Modular

□ Vacant Mobile Home

All built in appliances and will negotiate if Washer/Dryer or Refrigerator is requested. NOTE: By law CO detectors are required. Homeowners have installed one in the home as per code.

Subject’s location type: □ Urban □ Suburban ■ Lot Characteristics: positive/negative (explain):

□ Distant suburban

□ Rural

□ Farm

□ Resort

Lot in at a dead end cul-de-sac for privacy, but lack of parking might be a problem. Subject’s view: positive/negative (explain): Backyard is large and has trees.

Front view is of other homes in neighborhood.

SUBJECT LOCATION

Locational issues of which you are aware that may affect the insurability of the property: None

Site Characteristics of which you are aware (check all that apply): □ Private Street Access □ Private Street Maintenance □ Easements/Encroachments □ Sidewalk ■ □ Paved Street Surface □ Paved Driveway Surface ■ ■ Miscellaneous of which you are aware (check all that apply): □ Maintenance issues with neighboring properties □ Subject located on or near designated environmental sites □ Neighborhood has restrictive covenants □ Located on or backs up to busy/main street □ Location next to school or public park □ Location near/in view of power lines/water towers/ radio towers □ Additional Comments: ■

□ Gated

□ Curbs/Gutters ■ □ Excess acreage or land □ Location next to agricultural area □ Subject located near railroad tracks □ Location in flood plain □ Property located on corner lot □ Location next to industrial area

□ Alley

□ Street Lighting ■ □ Mobile homes/trailer park nearby □ Close proximity to hospital/firehouse, etc. □ Audible street or highway noise present □ Location in earthquake zone □ Access to subject property □ Located on airport flight path

MISCELLANEOUS

Great Cul-De-Sac location with large back and side yard.

Check all other items of which you are aware that may affect the marketability or value of the subject property and comment below: □ Style of home not typical for the area □ Subject is over improved □ Subject is under improved □ Inadequate parking □ Functional obsolescence □ Steep driveway ■ □ Proposed land use change □ Little sales activity in area or price range □ Estimated time to sell is more than 120 days □ Proposed or pending assessments □ Property taxes not typical for area □ HOA has first right of refusal □ HOA does not allow “for sale” signs on property □ HOA fees not typical for the area □ Other ■ Comments: Since the home is in a dead end cul-de-sac there might be a parking issue for parties. Several homes in neighborhood have had builder issues with water intrusion.

Copyright © 2008 by Worldwide ERC® This Form Expires 12/31/2011

Page 1 of 6

SUBJECT CONDITION

Property Condition For all the following of which you are aware or observe in viewing the property, check the appropriate box(es) and describe: □ Décor of home is personalized or dated: □ Incomplete construction: □ Evidence of past or present water damage: □ Cracks or stains on walls, floors, or ceilings: □ Oil tank (abandoned): □ Oil tank (in use): □ Underground storage tank (abandoned): □ Underground storage tank (in use): □ Synthetic stucco: □ Suspected structural problems: □ Evidence of odor: □ Evidence of pet damage: □ Evidence of deferred maintenance: Additional Comments:

Recommended Repairs and Improvements Interior Items R&I Estimates □ Paint Estimated cost per item: $ Comment: □ Flooring Estimated cost per item: $ 350.00 Comment: Clean ■ □ Wall paper removal Estimated cost per item: $ Comment: □ Appliances Estimated cost per item: $ Comment: □ Cabinets Estimated cost per item: $ Comment: □ Light fixtures Estimated cost per item: $ Comment: □ Countertops Estimated cost per item: $ Comment: □ Bathroom fixtures Estimated cost per item: $ Comment: □ Other: Estimated cost per item: $ Comment: □ Other: Estimated cost per item: $ Comment: □ Other: Estimated cost per item: $ Comment: Total Estimated Cost for Interior Repairs Exterior Items □ Landscaping □ Paint □ Driveway/walkway □ Porch/deck □ Pool □ Spa □ Gutters □ Siding □ Trim □ Roof □ Detached structures □ Debris removal □ Windows and screens □ Other: □ Other: □ Other:

Might need replacement.

$ 350.00

Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item :$ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $ Estimated cost per item: $

Total Estimated Cost for Exterior Repairs

carpets.

R&I Estimates

Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment: Comment:

$ 0.00

List all required, customary and additionally recommended inspections (e.g., municipal, certificate of occupancy, environmental, etc.): Required: None

INSPECTIONS/DISCLOSURES

Customary: Inspections:

Complete Home,

Dry Rot & Pest, and Sewer Scope

(Buyer paid)

Additionally recommended for the subject property:

None

Subject property issues of which you are aware that may affect insurability of the subject property:

None

List all required disclosures: Property, Siding & Affiliated Business Disclosures

Copyright © 2008 by Worldwide ERC® This Form Expires 12/31/2011

Page 2 of 6

Identify the most probable means of financing for the subject: ■ □ FHA □ Other: Describe the terms of the financing type identified above: FHA 3.5% down loan.

□ VA

□ Cash

□ Conventional mortgage—conforming or jumbo

Identify and describe any financing concessions that may be necessary to secure the sale of the subject property. □ Points: □ Closing Costs: In

today's market all first time home buyer's are looking for closing costs. but expect to see it in the offers.

Don't need to offer it,

FINANCING

□ Other:

Do you anticipate any issues that may affect the ability to secure financing for the subject property (e.g., condition, zoning, environmental, HOA, etc.)? □ Yes ■ □ No If yes, comment:

■ □ N/A

If the subject property is a common interest development (e.g., condo, townhouse, PUD), what is the ratio of owners to investors? Owners:

% (total must equal 100%)

% Investors:

HOA Fees: $ 255.00

How often are they paid?

□ Monthly

Items included in HOA Fees: □ Trash Pick-up □ Landscaping □ Security/Concierge Services □ Insurance ■ □ Common Area Maintenance Water □ Other: Are you aware of any special assessments covered by the HOA? □ Yes If yes, indicate the amount of assessment: $ 0.00 Describe what the special assessment covers: N/A

■ □ Annually

□ Quarterly

□ Semi-annually

□ Snow Removal □ Taxes Sewer

□ Exterior Building Maintenance □ Amenities

□ No ■

Subject Neighborhood (For purposes of this report, the subject neighborhood is defined by the preparer of this form. Identify what you regard as the subject neighborhood and then use statistics that you have gathered which reflect that market area. Note: the neighborhood might be a MLS area, a particular section of a town, a specific subdivision, or an entire community. This is described as the “micro area.”) Subject neighborhood is defined as: One half mile radius around subject detached home with at least 3

bedrooms and 2 baths, built after 1990. Price Range: $ 200,000.00

Property Values are: □ Increasing

to $ 300,000.00

Average Days-on-Market (list to contract)

77 (# of days)

□ Decreasing

MARKET CONDITIONS

% in past

months

Type of competing listings

New Homes Resale Number of active listings ÷ Avg. number of sales per month = Number of months needed REO/Foreclosure for the last 6 months to sell existing inventory Corporate Total (Must equal 100%) Describe all marketing concessions/incentives being offered to buyers and/or brokers on competing properties: 3

months

■ □ Stable

days

Calculate the months supply of inventory (Absorption Rate): 8

% in past

2.66

0 100 0 0

% % % % 100%

None Recommend any marketing concessions/incentives that should be offered for the subject: None at present time.

After 30 days offer closing costs.

Describe major corporation(s) in this neighborhood that are moving into, out of, or planning layoffs: Nike, Intel & Medical staff are attracted to this area. There have been some minor layoffs, but the trend has ended and things have become stable. In fact Intel has announced plans for adding 1000 plus jobs for construction of new plant. Intel has also been shuffling personal in and out of the Hillsboro area.

Describe current economic conditions (positive or negative) that may have an effect on the marketability of the property: Job loss is still on everybody's mind when purchasing a new home.

Broader Market Area (For purposes of this report, the broader market area is defined as that area beyond the subject neighborhood in which buyers will look for comparable properties. This is described as the “macro area.” In some instances, the broader market area will be the same as the subject’s neighborhood. If this is the case, indicate it below.) What do you consider the “broader market area” to be for this property? A larger radius around the subject property would be the broader market.

Are there any specific issues in the broader market area which are not reflected in the specific neighborhood that might affect the sale of the subject property? Consider types of competing homes (e.g., new construction, REO’s); incentives or concessions that are occurring; economic conditions; a dramatically different price range than the subject; days on market; etc. The broader market would reflect the same details as this search.

Copyright © 2008 by Worldwide ERC® This Form Expire 12/31/2011

Page 3 of 6

ITEM Address, City Current MLS # Proximity to Subject Original List Price Current List Price Seller Concessions Last Price Change Date Days-on-market (DOM) from original list date Previous listing history for last 12 months Style Exterior Finish (Check all that apply)

Roof Type (Check all that apply)

SUBJECT

N/A

Competing Listing #2

Competing Listing #3

N/A N/A

13287109 Next Door $ 239,500.00 $ 239,500.00 None N/A

13603760 Down Street $ 239,900.00 $ 239,900.00 None N/A

13656604 5 Blocks $ 257,000.00 $ 249,900.00 None 07/27/2013

N/A

4 Days

53 Days

112 Days

Orig. List Price $N/A Last List Price $N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

Orig. List Price $N/A Last List Price $N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

Orig. List Price $N/A Last List Price $N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

Orig. List Price $N/A Last List Price $N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: LP □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

$ N/A $ N/A

□ Garage ■ □ Attached ■ Car Storage/Type (Check all that apply)

Competing Listing #1

17716 SW Falling Leaf 17704 SW Falling Leaf 17656 SW Falling Leaf 1020 SW 177th Ter. Hillsboro Hillsboro Hillsboro Hillsboro

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

# of Cars

1

□ Garage ■ □ Attached ■

# of Cars

1

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

□ Garage ■ □ Attached ■

# of Cars

1

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

□ Garage ■ □ Attached ■

# of Cars

2

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

□ Other:

Year Built Lot Size Appx. Gross Living Area

COMPETING LISTINGS

Above Grade Room Count Basement (Check all that apply) Basement Finish Attic (Check all that apply) Attic Access Bonus Room Detached Structures (Check all that apply) Deck/Patio Pool/Spa Fireplace(s) Water Supply Waste Disposal Type of Air Conditioning (Check all that apply)

Type of Heating System (Check all that apply)

□ Other: □ Other: □ Other: 2002 2002 2002 1991 3K-4,999SF 0K-2,999SF 5k-6,999SF 3K-4,999SF 1595 Sq. Ft 1715 Sq. Ft 1730 Sq. Ft 1914 Sq. Ft Tot Brms. Baths Tot. Brms. Baths Tot. Brms. Baths Tot. Brms. Baths 6

3

2.1

6

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ None □ Partial □ Crawl Space □ Full ■ □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■

3

2.1

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ None □ Partial □ Crawl Space □ Full ■ □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■

7

4

2.1

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ None □ Partial ■ □ Crawl Space □ Full □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■ □ Superior ■ □ Similar □ Inferior

6

3

2.1

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ None □ Partial ■ □ Crawl Space □ Full □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Patio & Fenced N/A 1 Wood □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■ □ Superior ■ □ Similar □ Inferior

Location

□ Superior ■ □ Similar

□ Inferior

Lot Characteristics

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

□ Superior ■

□ Similar

□ Inferior

View

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

Floor Plan Utility

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

Ext. Condition’s Appeal

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

□ Superior □ Similar

□ Inferior ■ □ Inferior ■ □ Inferior ■

Int. Condition’s Appeal □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior □ Similar Overall Rating of Listings as □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior □ Similar Compared to Subject Listing #1: Date inspected: 10/28/2013 Comments: Slightly smaller home with large lot, yet smaller than subject. Interior needs paint and counter work.

Counters are original and curb appeal is not good as subject.

Listing #2: Date inspected: 10/28/2013 Comments: Realtor on this one is expecting an offer soon.

Showings have be good and feedback positive. Smaller yard, no updates except for stainless appliances. This home is slightly larger than the subject property.

Listing #3: Date inspected: 10/28/2013 Comments: This home is overpriced and in need of many repairs. Neighborhood is good and the corner lot is nice, but neighbors behind home have trash all over.

Copyright © 2008 by Worldwide ERC® This Form Expires 12/31/2011

Page 4 of 6

Instructions: Select sales within the last six months which are suitable and similar to the subject property and within the same/similar market area. ITEM Address, City MLS # Proximity to Subject Original List Price Final List Price Sales Price Seller Concessions Under Contract Date Closing Date Days-on-market (DOM) from original list date Previous listing history for last 12 months Style Exterior Finish (Check all that apply)

Roof Type (Check all that apply)

SUBJECT

Comparable Sale #1

13512548 One house down $ 209,000.00 $ 209,000.00 $ 215,000.00 SHORT SALE 05/06/2013 08/12/2013

13521257 13396399 Other Side of Street Down Street $ 217,000.00 $ 224,500.00 $ 217,000.00 $ 224,500.00 $ 217,000.00 $ 224,500.00 None 4K in CC 05/01/2013 05/14/2013 06/14/2013 06/07/2013

N/A

53 Days

49 Days

9 Days

Orig. List Price $N/A Last List Price $ N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

Orig. List Price $N/A Last List Price $ N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

Orig. List Price $ N/A Last List Price $ N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

Orig. List Price $N/A Last List Price $ N/A DOM: N/A 2 Level □ Brick □ Wood □ Composite □ Stone □ Aluminum □ Stucco □ Synthetic Stucco □ Vinyl □ Hardcoat Stucco □ Other: Fibercement ■ □ Composite □ Slate ■ □ Tar □ Tile □ Wood shake □ Tin □ Asphalt shingle □ Copper □ Other: □ None

N/A $ N/A

N/A

# of Cars

1

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

Car Storage/Type (Check all that apply)

COMPARABLE SALES

Basement (Check all that apply) Basement Finish Attic (Check all that apply) Attic Access Bonus Room Detached Structures (Check all that apply) Deck/Patio Pool/Spa Fireplace(s) Water Supply Waste Disposal Type of Air Conditioning (Check all that apply)

Type of Heating System (Check all that apply)

□ Garage ■ □ Attached ■

# of Cars

1

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

□ Other:

Above Grade Room Count

Comparable Sale #3

17716 SW Falling Leaf 17692 SW Falling Leaf 17633 SW Falling Leaf 17616 SW Falling Leaf Hillsboro Hillsboro Hillsboro Hillsboro

□ Garage ■ □ Attached ■

Year Built Lot Size Appx. Gross Living Area

Comparable Sale #2

□ Garage ■ □ Attached ■

# of Cars

1

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

□ Garage ■ □ Attached ■

# of Cars

1

□ Detached □ Built-in □ Carport □ Attached □ Detached □ Built-in

2002 3K-4,999SF 1730 Sq. Ft Tot. Brms. Baths

□ Other:

□ Other: □ Other: 2002 2002 2002 0K-2,999SF 0K-2,999SF 0K-2,999SF 1730 Sq. Ft 1630 Sq. Ft 1730 Sq. Ft Tot. Brms. Baths Tot. Brms. Baths Tot. Brms. Baths

6

6

3

2.1

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ Full □ Partial □ Crawl Space □ None ■ □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■

3

2.1

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ Full □ Partial □ Crawl Space □ None ■ □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■ □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior

6

3

2.1

6

□ None □Partial □ Slab Full □ Crawl Space Walk-out ■ N/A □ Full □ Partial □ Crawl Space □ None ■ □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■ □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior

3

2.1

□ None □ Partial □ Slab □ Full □ Crawl Space Walk-out ■ N/A □ Full □ Partial □ Crawl Space □ None ■ □ Walkup □ Hatch ■ □ Pull down steps N/A □ None □ Barn ■ □ Guest House □ Studio □ Pool House □ Shed □ Other: Deck & Fenced N/A 1 Gas □ Public □ Private ■ □ Community □ Well □ Septic □ Sewer ■ □ Cesspool □ Other: □ None □ Central ■ □ Window/Wall □ Heat Pump □ Other: □ None □ Gas ■ □ Propane □ Electric □ Radiant □ Oil □ Wood stove □ Solar □ Base Board □ Coal □ Heat pump □ Radiator □ Other: Forced Air ■ □ Superior ■ □ Similar □ Inferior □ Superior □ Similar □ Inferior ■ □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior □ Superior ■ □ Similar □ Inferior

Location Lot Characteristics View Floor Plan Utility Ext. Condition’s Appeal Int. Condition’s Appeal Overall Rating of Sales as Compared to Subject Sales #1: Inspected? ■ □ Yes

□ No Comments: Short sale - New owner has home up for rent.

Sales #2: Inspected? ■ □ Yes

□ No Comments: This home showed well even with the designer colors however if vacant

□ Superior ■ □ Similar

□ Inferior

□ Superior ■ □ Similar

□ Inferior

□ Inferior

Buyer did some updates after sale. Prior to sale the home was in bad repair and needed TLC. Lot size was normal for neighborhood. Home does have A/C.

the home would have needed to be neutralized. Sales #3: Inspected? ■ □ Yes

□ Superior ■ □ Similar

Smaller yard with A/C.

□ No Comments: Same style of home as subject with laminate on first floor.

yard and few updates in home.

Smaller Backyard was private, but small.

Copyright © 2008 by Worldwide ERC® This Form Expires 12/31/2011

Page 5 of 6

MOST LIKELY BUYER(S)

Check all that apply: □ Local Buyer ■

□ Transferee ■

□ International Buyer

□ First-time Homebuyer ■

□ Second-home Buyer

□ Empty Nester

□ Military

□ Parent Purchaser for Child

□ Move-up Homebuyer

□ Investor

□ Dual-income ■

□ Other:

What are the three - five challenges to getting this property sold? 1. Lack of parking for visitors. 2. One car garage. 3. Drive into subdivision has many attached homes for sale. Can concern buyers to have that many for sale signs. 4. Carpeting is original and shows wear. 5. What are the three - five actions necessary to address the challenges identified above?

MARKETING STRATEGY

1. Map out where Buyers can park their vehicles and guest parking areas. 2. Interior has many storage spaces and driveway can handle another car for parking. 3. Take Buyers a different direction as to not run them past the attached homes for sale. 4. When is vacant check for spots and have carpet professionally cleaned. 5. What are the top five creative ideas you will use in marketing this property keeping in mind the challenges and actions identified above? 1. Use the "Prudential Seller's Online Advantage" to keep Sellers and Buyers updated on the homes price and opens houses also use "Prea electronic cards" & direct mail to target move up home or large lot buyers.

2. Internet, internet, internet. Use the "Enhanced" Realtor.com site to full advantage of all the extras that draw attention to your listing.

Be sure to get on all other web-sites with many pictures and virtual tours.

3. Have my stager and photographer help to make the presentation of the home shown in the best possible light both on-line and when the visit becomes personal.

4. Set up a Broker's & general public "Opens" and invite Brokers & neighbors via personal invitations.

Send

mailers to active agents in this selling area announcing our new listing.

5. Home Warranty and Job Loss Protection programs should be started for this property. Additional Comments:

SIGNATURES

VALUE ANALYSIS

The home looks great and should show well. The Seller has updated the counters with granite and touched up the home to make it like new. The carpets may be a drawback, but can't tell until moved out. The location and lot size is great. Probably the largest yard in neighborhood and the cul-de-sac location makes it great for children and pets. I look forward to working with the Seller to get top dollar for his home in a reasonable time frame.

Most Likely Sales Price (MLSP): $ 241,000.00

Suggested List Price (SLP): $ 249,900.00

The MLSP is based on “as is” condition and a marketing time not to exceed 90-120 days to a contract of sale. (# of days) File #: 1000216093

Real Estate Firm: Prudential Northwest Properties

Real Estate Firm Tax ID #: 454447496

Date of Inspection: 10/28/2013

Contact Name: Morgan Patten-Dingell

Agent Preparer Name:

Contact Signature:

Agent Preparer Signature:

Lorin Karge

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