ID 123456
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Market-oriented valuation of your property 1016 King Palm Drive, Simi Valley, 93065
prepared for
Andrea and Gilbert Felix |
Our company ¡ Facts & figures
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Your partner Engel & VĂślkers
Facts & figures
Our global network
1977
830
11,000
established in Hamburg
locations around the
people operate under
world in 33 countries

the Engel & VĂślkers
search customers for residential
on four continents
brand
property
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700,000
$30 billion
transaction volume 2019
Facts & Figures
Meet Alexa Foss and Heather Higgins
Alexa Foss
Heather Higgins
Director of Operations, Real Estate Advisor
Real Estate Advisor
As the Director of Operations at Engel & Völkers, Alexa uses her
Heather Higgins is a seasoned real estate prpofessional with over seven
leadership skills to communicate and negotiate with not only her team
years in the industry. She has a strong work ethic, sharp attention to
of 55, but with the local California real estate industry professionals.
detail and always goes above and beyond for her clients. Amist the
With over eight years at the company, Alexa‘s industry expertise and
uncertain market, Heather has used her expertise to guide buyers and
expansive network makes her a valued asset to any real estate
sellers through nearly 13 million dollars in sales in the last year. During
transaction. As a Simi Valley Native and having conducted business in
this time, she has gracefully handled sellers and buyers in extremely
the her community Alexa is considered a neighborhood expert.
complicated multi-offer negotiations, and ensured that her clients come
out successful in their real estate endeavors.
Please be advised that this market-based valuation represents our assessment of the current market situation. This valuation does therefore not constitute a valuation report. This document was created by Engel & Völkers GmbH (hereinafter “Engel & Völkers”) with utmost care and is for information purposes only. The validity of the information provided about the Engel & Völkers group of companies is limited to the time the presentation at hand was created. Engel & Völkers reserves the right to adjust the information to the development of the market at any time. Wherever the presentation at hand quotes data compiled by third parties whilst citing the source, Engel & Völkers would like to expressly
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point out that it has not verified the correctness of the data. Therefore, Engel & Völkers is not liable for the correctness of the data quoted. This document does not establish any mutual rights or obligations, nor does it represent a foundation of any business relationships with the Engel & Völkers group of companies.
Market & Property analysis ¡ Purchase price Drag image to placeholder and resize
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Property valuation
Market analysis
The property market in Simi Valley Trends in the market for residential property Simi Valley market trends indicate an increase of $17 (5%) in the average price per square foot over the past 6 months. The average sales price is up to $643,855 from $578,167 six months ago. The average time on market for properties in Simi Valley is 50 days.
14 | Market-oriented
valuation
Property analysis
Your property in focus
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16 | Market-oriented
valuation
Property analysis Key data of
your property
 Information based on public record. 1016 King Palm Drive, Simi Valley House Property type Land
0.18 Acres
Living space
3,119 SF
Year of construction
1999
Number of rooms
4
Number of bathrooms
3
Floors
2
Total garage spaces
3
HOA
$139/M
17 | Market-oriented
valuation
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Property analysis
Your property’s characteristics and potential
Your property’s advantages
Situated on Cul-de-sac
Desirable Simi Valley Location
Substantial Lot
Upgraded & Move In Ready
Possible objections voiced by our customers
Buyers Prefer Completed Entertainers Backyard
Distanced From Freeway
Backs up to Sequoia Ave
[Please enter]
Solutions for your property
Market Opportunity For a Pool, i.e. Offer Dimensions
Target Buyers Who Work Remotely
Have Music Playing At All Showings
[Please enter]
20 | Market-oriented
valuation
Home Office
RV Access
Target Group Young Families Professionals Working Remote Simi Valley Family Looking To Upgrade
Property analysis
Our approach to purchase price estimation
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22 | Market-oriented
valuation
Purchase price
Overview of comparable properties Residential CMA Listings as of 07/31/20 at 7:52 AM Ventura County Regional Data Share, CRISNet, CLAW, ITECH, CRMLS (historical data), Pasadena-Foothills Association of Realtors, CRMLS;Property types Commercial, Farm, Land, MultiFamily, Residential, Rental; MLS # in 218009094, 220001213, SR-19034388, SR-19130747, SR-20113127 . (Selected Listings Only) Closed Properties MLS # 220001213 SR-19034388 SR-19130747 SR-20113127
Address 1036 King Palm DR 3342 HONEY PINE CT 1051 RED PINE DR 3161 Hoop Pine PL
City Simi Valley Simi Valley Simi Valley Simi Valley
Yr Blt 1999 2000 1999 1998
Sold Date 03/13/2020 08/02/2019 08/09/2019 07/21/2020
Avg Min Max Med
Total # of Listings: 4
BD 5 5 5 5
Bth 4(4 0 0 0) 3(3 ) 4(4 ) 4(4 )
5 5 5 5
Approx SqFt 3,205 3,345 3,205 3,205
Lot Sq Ft 7,378 9,154 10,598 9,740
Original LP $819,999 $869,000 $895,000 $875,000
9,217.5 7,378 10,598 9,447
864,749.75 819,999 895,000 872,000
3.75 3 4 4
3,240 3,205 3,345 3,205
BD
Bth
Apx SqFt
4
3 (3 0 0 0)
3,119
4 4 4 4
3 3 3 3
3,119 3,119 3,119 3,119
List Price $819,999 $809,000 $875,000 $875,000 844,749.75 809,000 875,000 847,499.5
Sold Price $810,000 $782,000 $875,000 $842,000 827,250 782,000 875,000 826,000
LP/SP 98.78 96.66 100 96.2
SP/SqFt $252.73 $233.78 $273.01 $262.71
LP/SqFt $255.85 $241.85 $273.01 $273.01
CDIM/DIM 32/32 132/132 36/36 6/6
97.91 96.2 100 97.72
255.56 233.78 273.01 257.72
260.93 241.85 273.01 264.43
51.5/51.5 6/6 132/132 34/34
Expired Properties MLS #
Address
City
218009094
1016 King Palm DR
Simi Valley
Total # of Listings: 1
Property Type Count
5
Status Change 12/31/2018
Yr Blt 1999 Avg Min Max Med
Lot SqFt
Original LP
List Price
LP/SqFt
CDIM/DIM
8,051
$805,000
$779,999
$250.08
103/103
8,051 8,051 8,051 8,051
805,000 805,000 805,000 805,000
779,999 779,999 779,999 779,999
250.08 250.08 250.08 250.08
103/103 103/103 103/103 103/103
Averages Sqft: $/Sqft: DIM/CDIM: Original List Price: Listing Price: 3,216 254.46 62/61.80000000000000000000000 852,800 831,800 * Price statistics for closed listings based on sold price. All other statuses and Totals based on current list price. Information is deemed to be reliable, but is not guaranteed. © 2020 MLS and FBS. Prepared by Heather Higgins on Friday, July 31, 2020 7:52 AM.
32 | Market-oriented
valuation
Sold Price: 827,250
Purchase price
We sell your property successfully.
The best price in the 
 shortest amount of time. Drag image to placeholder and resize
33 | Market-oriented
valuation
Purchase price
How do we achieve the best price?
Purchase price oer
Time to sale
Sales proceeds
max. 10% above the
up to"
above the
current market value
60 days
market value
up to one year
below the market value
leads to a loss of
due to subsequent"
image on the market
price reduction
more than 10% above the current market value
34 | Market-oriented
valuation
Purchase price
Risks of overpricing
An excessively high purchase price oer leads to low demand and to a loss of image of the property on the market due to an extended marketing phase. The subsequent price reduction usually leads to a selling price below the market value. Purchase
 price oer 120%
110% Market value of the property
100%
90%
Time to sale 90 days
35 | Market-oriented
valuation
180 days
Purchase price
Our oer of your property.
$825k-$835k Market price
36 | Market-oriented
valuation
To sound out the very top of the Drag image to placeholder and resize market, we propose to oer the property for sale at the following purchase price:
$820k ++ Purchase price oer
Property presentation ¡ Marketing measures Drag image to placeholder and resize
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Professional marketing
Property presentation
We present your property in the best possible light.
Photography
Virtual Tour
Property description
High-quality photography "
Professional video walk
Detailed description of the "
Production of a compelling
which complies with "
through showcasing the
property including amenities,"
and customized Exposés & Marketing
Engel & Völkers guidelines
property
specific characteristics"
Materials for your property
and location
38 | Market-oriented
valuation
Exposés
Marketing measures
From discreet to high-reach: our marketing tools target the right buyer
Silent marketing
In-shop presence
Digital marketing
Local marketing
Direct marketing
E&V network
Approaching
In-shop display
E&V website
Sales sign
Neighborhood mailings
E&V Shop TV
selected search
In-shop pitch
Property search app
Virtual Open House
Customized letters
Cross Selling
customers
Network Customer
E&V newsletter
Search
Online marketplaces
EDGE syndication Search Engine Marketing
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Social Media Advertising
Internal Newsletter
Agent E&V network Netzwerk E-mail blast campaigns Immobilienmessen Personal social media E&V Shop TV Sales Calls E&V InHouse Direct targeting to buyer Private Office data base
Qualified exclusive contract ¡ Our proposal
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Customised service
Qualified exclusive contract What we provide
as part of an exclusive contract
Service
Production of sales literature
Liaison for all parties
Organizing viewings
Marketing
Approaching selected search customers
Monitoring online syndication
Tracking viewings and traďŹƒc on all platforms
Contract
Preparation and execusion of all documents
Checking contractual details
Monitoring timelines and deadlines
54 | Market-oriented
valuation
Conducting contract negotiations
Staging at all property viewings
Regular reports on the sale process
Maintaining COVID -19 compliance
Follow up on all direct marketing
Adjusting advertising strategies when applicable
Our proposal
Commission arrangements 
 for your qualified exclusive contract
2 % Seller
Split commission In the event of dual agency total commission is 3.5%
2.5 % Buyer
Entitlement to commission only if successful
55 | Market-oriented
valuation
Further procedure ¡ Open questions
The next steps Drag image to placeholder and resize
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Further procedure
Planning the upcoming activities
ExposĂŠ creation Photo shoot Contract
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Approval of the exposĂŠ by owner
Carry out network pitch
Approaching selected search customers
Direct marketing activities
Other measures on agreement with the owner
We look forward to hearing from you!
Alexa Foss Director of Operations, Real Estate
Heather Higgins Real Estate Advisor
Advisor Engel & Völkers Westlake Village calDRE 01986225 | 805.551.9500"
Engel & Völkers Westlake Village calDRE 01952753 | 805.341.9330"
alexa.foss@engelvoelkers.com
heather.higgins@engelvoelkers.com
Westlakevillage.evrealestate.com"
heatherhiggins.evrealestate.com"
Please be advised that this market-based valuation represents our assessment of the current market situation. This valuation does therefore not constitute a valuation report. This document was created by Engel & Völkers GmbH (hereinafter “Engel & Völkers”) with utmost care and is for information purposes only. The validity of the information provided about the Engel & Völkers group of companies is limited to the time the presentation at hand was created. Engel & Völkers reserves the right to adjust the information to the development of the market at any time. Wherever the presentation at hand quotes data compiled by third parties whilst citing the source, Engel & Völkers would like to expressly
|
point out that it has not verified the correctness of the data. Therefore, Engel & Völkers is not liable for the correctness of the data quoted. This document does not establish any mutual rights or obligations, nor does it represent a foundation of any business relationships with the Engel & Völkers group of companies.
Thank you for your consideration.
We look forward to turning the sale of your property into a success!
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