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1262 McKinley South Bend IN

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                                                 Prepared for
                                                 F Grimes



                                                For property at
                                               1262 MCKINLEY




                         INEKE PRATT
                         RE/MAX EXCELLENCE
                         1815 E. BRISTOL ST.
                         ELKHART, IN 46514
                         Phone: 574-262-2122
                         Cell: 574-370-7756
                         Fax: 574-262-2815




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                                    Subject Property


                    1262 MCKINLEY



                                               No Photo Available




                    Bedrooms: 3           Full Baths: 1          Half Baths:       0

                    Apprx. SqFt.: 864            Subdivision:




                                  INEKE PRATT, RE/MAX EXCELLENCE
                                  1815 E. BRISTOL ST., ELKHART, IN 46514-m
                           Office: 574-262-2122 | Cell: 574-370-7756 | Fax: 574-262-2815




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                                 Comparative Summary for Active Properties
          Ref # Status Address                  Beds FB/HB           SqFt Year Built Style              Garage         List Price            LP/SqFt

                         1262 MCKINLEY            3       1/0         864        1952       1 Story                                               --

          247747   A     1301 BRUMMIT LN          3       1/0         864        1954       1 Story       See Rema       $ 54,900             $63.54

          248503   P     1317 BRUMMITT LN         3       1/0         896        1954       1 Story       1 Car          $ 32,000             $35.71




             Total Listings:     3
                                          Square Footage                           List Price                     Original List Price
                       Average                     875 Sq.Ft.                         $43,450                                  $48,450
                       Minimum                     864 Sq.Ft.                         $32,000                                  $32,000
                       Maximum                     896 Sq.Ft.                         $54,900                                  $64,900
                       Median                      864 Sq.Ft.                         $43,450                                  $48,450

            These properties are your competition. A potential purchaser will compare your home to homes similar to
            these when trying to decide which to buy. Take a look at these homes, if only on paper. Try to be objective
            and ask yourself, "Which home is the best value?" Is it yours?" If not, these other homes may sell before
            yours. But don't forget that the "List Prices" of these homes represent what the sellers WANT for their home,
            not necessarily what they are really going to get if they sell their home. So when setting the price of your
            home, don't simply look at the LIST PRICE of the other comparable homes, look at the SALE PRICE of
            comparable homes to yours that actually SOLD!
                                               ---- Information herein deemed reliable but not guaranteed ----
                                  Copyright:    2011     by South Bend-Mishawaka Assoc. of REALTORS                 05/11/11      05/11/11




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                               Comparative Summary for Sold Properties
          Ref # Status Address                   Beds FB/HB SqFt             Style       List Price      Sale Price        LP/SP SP/SqFt DOM

                        1262 MCKINLEY              3          1/0    864     1 Story                                              --              --
          247418   S    1026 ROBERTS ST            3          1/0    912     1 Story       $ 14,999         $ 14,999     100.00%           $16.45      29

          247838   S    1202 MCKINLEY E            3          1/0   1,008    1 Story       $ 16,480         $ 16,000       97.09%          $15.87      16

          244394   S    3121 MCKINLEY AVE          3          1/0    952     1 Story       $ 29,900         $ 17,000       56.86%          $17.86      133

          244229   S    1322 EBELING               3          1/0    896     1 Story       $ 34,900         $ 23,500       67.34%          $26.23      39

          243821   S    1313 EBELING               3          1/0    896     1 Story       $ 29,900         $ 28,000       93.65%          $31.25      13

          244047   S    710 MANCHESTER             3          1/0    864     1 Story       $ 54,900         $ 48,900       89.07%          $56.60      56




             Total Listings:    7
                          Square Footage                       List Price     Original List Price                  Sale Price            DOM
             Average                913 Sq.Ft.                   $30,180                     $44,013                   $24,733              48
             Minimum                864 Sq.Ft.                   $14,999                     $14,999                   $14,999              13
             Maximum            1,008 Sq.Ft.                     $54,900                     $89,900                   $48,900             133
             Median                 896 Sq.Ft.                   $29,900                     $34,900                   $20,250              34

            These properties are your competition. A potential purchaser will compare your home to homes similar to
            these when trying to decide which to buy. Take a look at these homes, if only on paper. Try to be objective
            and ask yourself, "Which home is the best value?" Is it yours?" If not, these other homes may sell before
            yours. But don't forget that the "List Prices" of these homes represent what the sellers WANT for their home,
            not necessarily what they are really going to get if they sell their home. So when setting the price of your
            home, don't simply look at the LIST PRICE of the other comparable homes, look at the SALE PRICE of
            comparable homes to yours that actually SOLD!
                                                 ---- Information herein deemed reliable but not guaranteed ----
                                    Copyright:         2011    by South Bend-Mishawaka Assoc. of REALTORS              05/11/11        02:37 PM




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                               Comparative Summary for Expired Properties
          Ref # Status Address                   Beds FB/HB SqFt             Year Built Style              List Price   LP/SqFt        Exp. Date

                       1262 MCKINLEY               3      1/0        864         1952       1 Story                               --




             Total Listings:    1
                                          Square Footage                         List Price                Original List Price
                   Average                       864 Sq.Ft.                                $0                                $0
                   Minimum                       864 Sq.Ft.                                $0                                $0
                   Maximum                       864 Sq.Ft.                                $0                                $0
                   Median                        864 Sq.Ft.                                $0                                $0


             These properties are your competition. A potential purchaser will compare your home to homes similar to
             these when trying to decide which to buy. Take a look at these homes, if only on paper. Try to be objective
             and ask yourself, "Which home is the best value?" Is it yours?" If not, these other homes may sell before
             yours. But don't forget that the "List Prices" of these homes represent what the sellers WANT for their home,
             not necessarily what they are really going to get if they sell their home. So when setting the price of your
             home, don't simply look at the LIST PRICE of the other comparable homes, look at the SALE PRICE of
             comparable homes to yours that actually SOLD!
                                             ---- Information herein deemed reliable but not guaranteed ----
                                    Copyright:    2011      by South Bend-Mishawaka Assoc. of REALTORS            05/11/11   02:37 PM




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                                                          Comparative Homes


                                  No Photo Available




                                    1262 MCKINLEY                             1301 BRUMMIT LN                            1317 BRUMMITT LN

          Ref #                                                      247747                                     248503
          Status                                                     Active                                     Pending
          Subdivision                                                MCKINLEY TERRACE                           MCKINLEY TERRACE
          Area              01                                       01                                         01
          City              SOUTH BEND, IN                           SOUTH BEND                                 SOUTH BEND

          Style             1 Story                                  1 Story                                    1 Story
          Apprx. SqFt       864                                      864                                        896
          Year Built        1952                                     1954                                       1954
          Site Desc         Less than 1 Acre                         Irregular

          Bedrooms          3                                        3                                          3
          Full/Half Baths   1/0                                      1/0                                        1/0
          Exterior          Alum/Vinyl Trim                          Alum/Vinyl Trim                            Alum/Vinyl Trim
          Basement                                                   Slab

          Garage Size       0X0
          Garage                                                     See Remarks                                1 Car, Detached



          1st Level                                                  Living Room, 3 Bedrooms                    Living Room, Dining Room
          2nd Level                                                  None                                       None
          Lower Level                                                None                                       None

          Flooring                                                   Carpet, Tile
          Int/Ext Feat                                               Open Patio, Fenced Yard



          Heat              Gas                                      Gas, Forced Air                            Gas
          Cooling           Central Air                              Central Air                                Central Air
          Water Heater                                               Gas                                        Gas
          Water Softener                                             None                                       None
          Water/Sewer                                                Municipal Water, Municipal S               Municipal Water, Municipal S
          Contract Date                                                                                         03/22/11
          Sale Date
          List Price                                                 $ 54,900                                   $ 32,000
          Sale Price
          List Price/SF     --                                       $ 63.54                                    $ 35.71
          Sale Price/SF     --                                       --                                         --
          SP/LP Ratio       --                                       --                                         --
          Taxes             $ 376.00                                 $ 195.00                                   $ 926.76

                                            ---- Information herein deemed reliable but not guaranteed ----
                               Copyright:    Wedn by South Bend-Mishawaka Assoc. of REALTORS                  05/11/11    02:37 PM




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                                                          Comparative Homes




                                     1313 EBELING                                1322 EBELING                            710 MANCHESTER

          Ref #             243821                                   244229                                     244047
          Status            Sold                                     Sold                                       Sold
          Subdivision       MCKINLEY TERRACE                         MCKINLEY TERRACE                           MCKINLEY TERRACE
          Area              01                                       01                                         01
          City              SOUTH BEND                               SOUTH BEND                                 SOUTH BEND

          Style             1 Story                                  1 Story                                    1 Story
          Apprx. SqFt       896                                      896                                        864
          Year Built        1956                                     1954                                       1952
          Site Desc         Less than 1 Acre                         Irregular                                  Less than 1 Acre, Level

          Bedrooms          3                                        3                                          3
          Full/Half Baths   1/0                                      1/0                                        1/0
          Exterior          Alum/Vinyl Trim                          Wood                                       Alum/Vinyl Trim
          Basement          Slab                                     Slab                                       Slab

          Garage Size                                                                                           20 X 20
          Garage            1 Car, Attached                          1 Car, Attached                            2 Car, Detached, Garage
                                                                                                                Door Opener


          1st Level         Living Room, Kitchen                     Living Room, Kitchen                       Living Room, Kitchen
          2nd Level         None                                     None                                       None
          Lower Level       None                                     None                                       None

          Flooring          Carpet, Vinyl                            Carpet                                     Carpet
          Int/Ext Feat      1st Floor Laundry                                                                   Storage Shed, Master
                                                                                                                Bdrm-1st floor, 1st Floor
                                                                                                                Laundry

          Heat              Gas, Forced Air                          Gas                                        Gas, Forced Air
          Cooling           Central Air                              No Air Cond                                Central Air
          Water Heater      Gas                                      Gas                                        Gas
          Water Softener    None                                     None                                       None
          Water/Sewer       Municipal Water, Municipal S             Municipal Water, Municipal S               Municipal Water, Municipal S
          Contract Date     06/03/10                                 07/20/10                                   07/30/10
          Sale Date
          List Price        $ 29,900                                 $ 34,900                                   $ 54,900
          Sale Price        $ 28,000                                 $ 23,500                                   $ 48,900
          List Price/SF     $ 33.37                                  $ 38.95                                    $ 63.54
          Sale Price/SF     $ 31.25                                  $ 26.23                                    $ 56.60
          SP/LP Ratio       93.65%                                   67.34%                                     89.07%
          Taxes             $ 1428.96                                $ 433.44                                   $ 483.78

                                            ---- Information herein deemed reliable but not guaranteed ----
                               Copyright:    Wedn by South Bend-Mishawaka Assoc. of REALTORS                  05/11/11    02:37 PM




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                                                          Comparative Homes




                                  3121 MCKINLEY AVE                           1026 ROBERTS ST                             1202 MCKINLEY E

          Ref #             244394                                   247418                                     247838
          Status            Sold                                     Sold                                       Sold
          Subdivision       NONE                                     NONE                                       N
          Area              01                                       01                                         01
          City              SOUTH BEND                               SOUTH BEND                                 SOUTH BEND

          Style             1 Story                                  1 Story                                    1 Story
          Apprx. SqFt       952                                      912                                        1,008
          Year Built        1952                                     1950                                       1950
          Site Desc                                                  Less than 1 Acre

          Bedrooms          3                                        3                                          3
          Full/Half Baths   1/0                                      1/0                                        1/0
          Exterior          Alum/Vinyl Trim                          Alum/Vinyl Trim                            Alum/Vinyl Trim
          Basement          Slab                                     Slab

          Garage Size
          Garage            2 Car, Detached                          None                                       Detached



          1st Level         Living Room, Kitchen                     Living Room, 3 Bedrooms                    Living Room, Kitchen
          2nd Level         None                                     None                                       None
          Lower Level       None                                     None                                       None

          Flooring                                                   Carpet, Tile
          Int/Ext Feat



          Heat              Gas                                      Gas, Forced Air                            Gas
          Cooling           Central Air                              No Air Cond                                No Air Cond
          Water Heater      Gas                                      See Remarks                                Gas
          Water Softener    None                                     See Remarks                                None
          Water/Sewer       Municipal Water, Municipal S             Municipal Water, Municipal S               Municipal Water, Municipal S
          Contract Date     11/01/10                                 01/29/11                                   02/16/11
          Sale Date
          List Price        $ 29,900                                 $ 14,999                                   $ 16,480
          Sale Price        $ 17,000                                 $ 14,999                                   $ 16,000
          List Price/SF     $ 31.41                                  $ 16.45                                    $ 16.35
          Sale Price/SF     $ 17.86                                  $ 16.45                                    $ 15.87
          SP/LP Ratio       56.86%                                   100.00%                                    97.09%
          Taxes             $ 494.56                                 $ 0.00                                     $ 956.06

                                            ---- Information herein deemed reliable but not guaranteed ----
                               Copyright:    Wedn by South Bend-Mishawaka Assoc. of REALTORS                  05/11/11    02:37 PM




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                              Comparable Property Location
                                                                                            Prepared for F Grimes




          Comparable Address              # Beds    SqFt      Days on Market      List Price      Sale Price
          1301 BRUMMIT LN                 3         864                           $54,900
          1317 BRUMMITT LN                3         896               13          $32,000
          1313 EBELING                    3         896               13          $29,900         $28,000
          1322 EBELING                    3         896               39          $34,900         $23,500
          710 MANCHESTER                  3         864               56          $54,900         $48,900
          3121 MCKINLEY AVE               3         952              133          $29,900         $17,000
          1026 ROBERTS ST                 3         912               29          $14,999         $14,999
          1202 MCKINLEY E                 3         1,008             16          $16,480         $16,000




                                       INEKE PRATT, RE/MAX EXCELLENCE
                                        1815 E. BRISTOL ST., ELKHART, IN 46514-m
                                Office: 574-262-2122 | Cell: 574-370-7756 | Fax: 574-262-2815




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                                        Pricing Your Property
                                                                                                 Prepared for F Grimes




           General Facts About Pricing...
            There are certain factors that are within our control and some factors beyond our control when
            it comes to setting the price. Those factors within our control are: the appearance of the
            property, how aggressively we market the property and the price. Factors outside our control
            are: location of property, size and local amenities. It's important to accept those factors that
            are beyond our control and focus on the pricing and preparation.

            A property priced at market value will attract more buyers than a home priced above market
            value. Consider that a competitively priced property will also attract a greater number of
            potential buyers and increase your opportunity for a quick sale.


           Market Statistics...
                Sell Price Statistics                                   Sell Price Per Sq. Ft. Statistics
             Average Price:   $24,700                      Average Price/Sq Ft:        $27.38 x 864              =   $23,700
                High Price:   $48,900                         High Price/Sq Ft:        $56.60 x 864              =   $48,900
              Median Price:   $20,300                       Median Price/Sq Ft:        $22.04 x 864              =   $19,000
                Low Price:    $15,000                         Low Price/Sq Ft:         $15.87 x 864              =   $13,700
                        Figures are based on selling price after adjustments, and rounded to the nearest $100.



           Summary...
            Analysis of the selected comparable properties suggest similar properties are selling in the
            price range of: $15,000 to $48,900


                                         Recommend Price: $24,700




                                           INEKE PRATT, RE/MAX EXCELLENCE
                                           1815 E. BRISTOL ST., ELKHART, IN 46514-m
                                  Office: 574-262-2122 | Cell: 574-370-7756 | Fax: 574-262-2815




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                         Estimated Seller's Net Proceeds
                                                                                        Prepared for F Grimes



                          Address: 1262 MCKINLEY                                                  May 11, 2011
              Estimated Sale Price:    $24,700
             1st Mortgage Balance:
            2nd Mortgage Balance:                                         Buyer's Downpayment:
           Total Seller's Mortgage:                                     Buyer's Total Mortgage:

            Seller's Expenses           Figures are estimates only, not a guarantee, and are subject to change.




                                                     Total Estimated Seller Expenses:                             $0
                                                                Estimated Sale Price:                      $24,700
                                                      Less Estimated Seller Expenses:                           $0
                                                               Less Sellers Mortgage:

                                                          Estimated Net Proceeds:                        $24,700

           Seller:                    Date:               Seller:                                Date:

           Agent:                     Date:




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                                      Preparing Your Home
                                                                                        Prepared for F Grimes



             Exterior
             The condition of your home's exterior is most important when it comes to buyer appeal.

              - House number should be easy to read
              - Lights on timers to ensure house is lit up after sunset
              - Eaves troughs, and down spouts in good repair
              - Garage/car port clean and tidy
              - Litter picked up
              - Cracked or broken window panes replaced
              - Doorbell and door hardware in good repair
              - Touch up trim paint on doors, window frames, fascia, etc.
              - Mow, edge and weed the lawn frequently until the home is sold.
              - Overgrown shrubbery should be cut back to show as much of the exterior as possible.
              - A low-cost investment in seasonal flowers or ground cover will add a personal touch.
              - Inspect the roof for necessary repairs and any visible broken shingles or tiles.
              - Stucco water stains can be repaired using a mild bleaching agent.
              - Fences should be mended and painted.
              - Wash all windows inside and outside.


             Interior
             Warm and welcoming!

              - Lights should be on and drapes should be left open during daylight
              - Heat set at a comfortable temperature
              - Fresh flowers/plants in various rooms
              - Chipped plaster and paint touched up and repaired
              - Doors and cupboards properly closed
              - Leaky taps and toilets repaired
              - Burned out light bulbs replaced
              - Squeaky doors oiled
              - Mirrors, fixtures, and taps cleaned and polished
              - Seals around tubs and basins in good repair
              - Floors cleaned, garbage containers emptied
              - Inside of closets and cupboards neat and tidy
              - Valuable property, out of reach, out of sight, or locked away
              - Pets absent, where possible, or contained during showings
              - All torn screens should be repaired or replaced.
              - Avoid repainting the entire house unless current colors are very loud or offbeat.
              - White or light pastels are the easiest to work with and they make your rooms look larger.
              - Fireplace lit in cooler weather
              - Air conditioner turned on in warm weather
              - Countertops neat and polished
              - Appliances cleaned
              - Inside of closets and cupboards neat and tidy




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