Everly at Playa Vista – New Homes for Sale Update

The model homes for Everly at Playa Vista are opening up their doors Saturday November 7th, 2015 at 10am.  I recently had the opportunity to participate in a sneak peak of Everly and to see the pricing for the first phase release.

Originally the anticipated pricing for Everly was advertised to start from the mid $1,000,000’s and then pricing jumped to the mid $2,000,000’s in late August.  Now with the first sales release coming up on November 11th, the builder has settled on starting prices for each of the plans.  The 2318 sq.ft. plan 1 is  listed at $2,000,000, the plan 2 with 2418 sq.ft. is $2,125,000 and the plan 3 which is the largest offering at 2449 sq.ft. is selling for $2,200,000.

Everly at Playa Vista Priority Registration

Getting on the priority list is the first step in the process of buying a new construction home. Even if you haven’t 100% made up your mind that Everly is the one, it’s a good idea to join the interest list securing your place in line and giving you the option to purchase.  The earlier you sign-up and are pre-approved (more about the pre-approval process below) the better opportunity you’ll have to get the location and plan that works best for you.  Give me a call at (310) 927-2433 for more details about getting on the Priority List!

Brookfield Residential’s Sales Procedure

Brookfield has a 4 step sales procedure.  Steps 1 and 2 need to be complete to secure your place on the Priority List.  Then start the process in step 3 with Wells Fargo to participate in the upcoming sales releases.  

• Step 1 – Provide your contact information
• Step 2 – There will be a few questions about your current home, income and if you’ll be taking out a loan for this purchase.
• Step 3 – A link will be provided to direct you to the preferred lender.  Contact the lender to get this process started prior to the first release of homes for sale. 
• Step 4 – The lender will ask you to provide the following documentation.  
  • Most recent pay stubs for the last 30 days
  • W2 Forms for the last two years
  • Federal Tax Returns (all pages and schedules) for the last two years
  • Most recent two months Bank statements checking/savings to verify your down payment
  • Most recent Quarterly Retirement account statement and/or 401k
  • If you are paying all cash, bank statement to verify funds

Playa Vista Living’s Guide to Buying New Construction  Read the complete guide I put together based upon my experiences helping clients purchase new construction homes in Playa Vista.

Getting Pre-approved for New Construction

First, you should know you have the ability to pick the lender of your choice for the actual purchase.  Brookfield does ask that you get pre-approved by their preferred lender prior to the phase release that you are interested in (start this process as soon as you have time).  If you like the preferred lender and the rates are competitive there may also be perks available for working with them.   Builders sometimes offer incentives to buyers if they use the preferred lender.

Studio 3 at Playa Vista

The Everly sales office is now open.  Studio 3 at Playa Vista is the sales office for all three new single family home developments: Everly, Marlowe and Jewel.  You’ll want to meet your Realtor at Studio 3 before taking the model home tour.  On your first visit it’s important bring your real estate agent if you would like to have representation throughout the process.

Should You Work With a Realtor?

I hear this question often.  It is true you don’t have to use a Realtor to buy new construction.  It is also true having an experienced advocate help you along the way does not change the price of the home, or cost you any money.  Having a professional on your side can help you save money, time and energy.  Most builders cooperate with agents by offering to pay a referral commission to the agent for representing you.  

To have me or another real estate agent represent you, it is important to have your representative with you at the first visit to the sales office.  Builders are strict about this policy.

Pricing for Everly at Playa Vista

Updated 8/25/2015

Actual pricing for each Everly plan and location has not been released by Brookfield.  Originally the builder advertised pricing to start in the mid to high $1,000,000’s.  As of 8/25/2015 Brookfield updated their anticipated pricing to start in the mid $2,000,000’s for Everly.  We will keep updating this section as new information is released.

Updated 11/4/2015

Now with the first sales release coming up on November 11th, the builder has settled on starting prices for each of the plans.  The 2318 sq.ft. plan 1 is  listed at $2,000,000, the plan 2 with 2418 sq.ft. is $2,125,000 and the plan 3 which is the largest offering at 2449 sq.ft. is selling for $2,200,000.

Playa Vista Living’s Guide to Buying New Construction  Read the complete guide I put together based upon my experiences helping clients purchase new construction homes in Playa Vista.

Let’s Work Together

Navigating the new construction buying process and very long escrow period is different than buying a resale property.  But like buying a resale property, having an experienced real estate agent assist you can help relieve stress, save valuable time and eliminate any miss understandings throughout the process.

If you have questions about buying new construction in Playa Vista I’d be happy to speak with you.  I can be reached at (310) 927-2433, by email tami@playavistaliving.com or by leaving a private comment below.