westwood homes open house january 6th, 2013

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Buyer Tour PREPARED FOR Westwood Homes Open House January 6th, 2013 estwood Homes Open House January 6th, 2013 JANUARY 6, 2013 Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942

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This buyer tour booklet lists all the homes open in Westwood on Sunday January 6th, 2013

TRANSCRIPT

Page 1: Westwood Homes Open House January 6th, 2013

Cloud CMACloud CMA

Buyer Tour

PREPARED FOR

WWestwood Homes Open House January 6th, 2013estwood Homes Open House January 6th, 2013JANUARY 6, 2013

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 2: Westwood Homes Open House January 6th, 2013

LISTINGSLISTINGSCloud CMACloud CMA

Map of All Listings

MLS #MLS # StatusStatus AddrAddressess PricePrice

1 12628799 Active 1457 COMSTOCK AVE, Los Angeles $1,975,000

2 12632419 Active 218 S THURSTON AVE, Los Angeles $1,295,000

3 SR13001842 Active 10322 Ilona Avenue, Los Angeles $1,199,999

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 3: Westwood Homes Open House January 6th, 2013

MLSMLS#12628799#12628799

Cloud CMACloud CMA

Property Details

$1,975,000$1,975,0001457 COMSTOCK AVE, Los Angeles1457 COMSTOCK AVE, Los Angeles

Courtesy of Real Estate West, IncLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12628799 Beds:Beds: 3 Sq Ft:Sq Ft: 2,500 List Date:List Date: Oct 8, 2012

Status:Status: Active Baths:Baths: 2/1 YYear Built:ear Built: 1925 DOM:DOM: 90

FEATURESFEATURES

Status detailsStatus details: Active; ZoningZoning: LAR1; CDOMCDOM: 90; Lot descriptionLot description: Back Yard,Fenced,Fenced Yard,LotShape-Irregular; TB map codeTB map code: 632D2; AppliancesAppliances: Dishwasher,Garbage Disposal; InteriorInterior: Cathedral-Vaulted Ceilings,Laundry - Closet Stacked; FloorsFloors: Carpet,Hardwood,Tile (N); CoolingCooling: Other; HeatingHeating:Central Furnace; ExteriorExterior: Stucco; KitchenKitchen: Stone Counters; PoolPool: Private Pool; RoofRoof: Composition;VViewiew: City Lights View,Pool View,Tree Top View; PatioPatio: Patio Open; CrCross stross streetseets: BEVERLY GLEN/ SANTAMONICA BLVD; LotsizeLotsize: 11500;

REMARKSREMARKS

Comstock Hills. 3 bed 2.5 ba plus an office. Detached 347 sf pool house with a bathroom. Huge flatbackyard.Great potential, Great location. Hardwood floors. 2nd floor addition is the master bedroom. Balconywith a pool view. Very private home situated high on a knoll. Downstairs is bright with French doors opening tothe brick patio/pool. Mature trees. Huge fireplace in the living room. Step down den with balcony. Kitchen withgranite countertop. Laundry closet in kitchen.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 4: Westwood Homes Open House January 6th, 2013

MLSMLS#12628799#12628799

How do you rate this prHow do you rate this property?operty?

Cloud CMACloud CMA

Buyer Comments

$1,975,000$1,975,0001457 COMSTOCK AVE, Los Angeles1457 COMSTOCK AVE, Los Angeles

Courtesy of Real Estate West, IncLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12628799 Beds:Beds: 3 Sq Ft:Sq Ft: 2,500 List Date:List Date: Oct 8, 2012

Status:Status: Active Baths:Baths: 2/1 YYear Built:ear Built: 1925 DOM:DOM: 90

Comments:Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 5: Westwood Homes Open House January 6th, 2013

MLSMLS#12628799#12628799

Cloud CMACloud CMA

Listing Photos

$1,975,000$1,975,0001457 COMSTOCK AVE, Los Angeles1457 COMSTOCK AVE, Los Angeles

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 6: Westwood Homes Open House January 6th, 2013

MLSMLS#12628799#12628799

Cloud CMACloud CMA

More Listing Photos

$1,975,000$1,975,0001457 COMSTOCK AVE, Los Angeles1457 COMSTOCK AVE, Los Angeles

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 8: Westwood Homes Open House January 6th, 2013

COMMUNITYCOMMUNITY

Data provided by

Cloud CMACloud CMA

Area Schools

$1,975,000$1,975,0001457 COMSTOCK AVE, Los Angeles1457 COMSTOCK AVE, Los Angeles

SchoolSchool TTypeype PhonePhone DistanceDistance

Sinai Akiba Academy Private/K-8 (310) 475-6401 0.41 mi

Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.57 mi

El Rodeo Elementary School Public/K-8 (310) 229-3670 0.68 mi

Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.77 mi

Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.84 mi

Beverly Hills High School Public/9-12 (310) 229-3685 0.88 mi

St Paul The Apostle School Private/K-8 (310) 474-1588 1.09 mi

Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 1.11 mi

Good Shepherd Catholic School Private/PK,K-8 (310) 275-8601 1.12 mi

Westwood Elementary School Charter/K-5 (310) 474-7788 1.2 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 9: Westwood Homes Open House January 6th, 2013

COMMUNITYCOMMUNITYCloud CMACloud CMA

Area Restaurants

$1,975,000$1,975,0001457 COMSTOCK AVE, Los Angeles1457 COMSTOCK AVE, Los Angeles

NameName TTypeype DistanceDistance RatingRating

Pomodoro Trattoria Italian 1.19 mi 384 reviews

Totoraku Japanese 1.41 mi 127 reviews

Spago American (New) 1.52 mi 793 reviews

Tagine Moroccan 2.32 mi 385 reviews

Awash Restaurant Ethiopian 3.13 mi 187 reviews

Animal American (New), Steakhouses 3.72 mi 1728 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 3.74 mi 305 reviews

Angelini Osteria Italian 4.36 mi 702 reviews

Genwa Korean Bbq Korean, Barbeque 4.72 mi 879 reviews

Mélisse French, Seafood 4.72 mi 533 reviews

Providence American (New), Seafood, Asian Fusion 5.54 mi 1244 reviews

Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.58 mi 1122 reviews

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 10: Westwood Homes Open House January 6th, 2013

MLSMLS#12632419#12632419

Cloud CMACloud CMA

Property Details

$1,295,000$1,295,000218 S THURSTON AVE, Los Angeles218 S THURSTON AVE, Los Angeles

Courtesy of Coldwell Banker-BH NorthLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12632419 Beds:Beds: 2 Sq Ft:Sq Ft: 2,187 List Date:List Date: Oct 29, 2012

Status:Status: Active Baths:Baths: 2.00 YYear Built:ear Built: 1938 DOM:DOM: 69

FEATURESFEATURES

Status detailsStatus details: Active; ZoningZoning: LAR1; CDOMCDOM: 69; Number of unitsNumber of units: 1; SpaSpa: Private Spa; TB map codeTB map code:631H1; WWaterater: District/Public (N); AppliancesAppliances: Dishwasher,Electric Dryer Hookup,Gas Dryer Hookup;InteriorInterior: Bar; FloorsFloors: Carpet,Wood; CoolingCooling: Air Conditioning,Central A/C; HeatingHeating: Central Furnace;PoolPool: Heated,Private Pool; RoofRoof: Composition; VViewiew: No View; LotsizeLotsize: 5051;

REMARKSREMARKS

This Pristine Storybook Traditional greets you with a sunny front porch & mature landscaping. The Center Hallplan in this one story home leads to large living, dining, & family rooms. Huge cook's kitchen with eat-inbreakfast bar, skylight & loads of storage. Light & bright master bedroom with ensuite vanity & bath. Mastersuite French doors open to private backyard deck, pool & spa. Generous 2nd bedroom. Hardwood floorsthruout. Cozy den with bar, gas grill, fireplace, wood paneling & built-in bookshelves. Inside laundry room. 3skylights, lots of storage space in the attic plus huge hallway storage. 2 car garage with storage room.Friendly, walking neighborhood. Warner Ave Elementary School.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 11: Westwood Homes Open House January 6th, 2013

MLSMLS#12632419#12632419

How do you rate this prHow do you rate this property?operty?

Cloud CMACloud CMA

Buyer Comments

$1,295,000$1,295,000218 S THURSTON AVE, Los Angeles218 S THURSTON AVE, Los Angeles

Courtesy of Coldwell Banker-BH NorthLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12632419 Beds:Beds: 2 Sq Ft:Sq Ft: 2,187 List Date:List Date: Oct 29, 2012

Status:Status: Active Baths:Baths: 2.00 YYear Built:ear Built: 1938 DOM:DOM: 69

Comments:Comments:

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 12: Westwood Homes Open House January 6th, 2013

MLSMLS#12632419#12632419

Cloud CMACloud CMA

Listing Photos

$1,295,000$1,295,000218 S THURSTON AVE, Los Angeles218 S THURSTON AVE, Los Angeles

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 13: Westwood Homes Open House January 6th, 2013

MLSMLS#12632419#12632419

Cloud CMACloud CMA

More Listing Photos

$1,295,000$1,295,000218 S THURSTON AVE, Los Angeles218 S THURSTON AVE, Los Angeles

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 14: Westwood Homes Open House January 6th, 2013

COMMUNITYCOMMUNITY

Data provided by

Cloud CMACloud CMA

Area Schools

$1,295,000$1,295,000218 S THURSTON AVE, Los Angeles218 S THURSTON AVE, Los Angeles

SchoolSchool TTypeype PhonePhone DistanceDistance

Brentwood School Private/K-12 (310) 476-9633 0.57 mi

Archer School For Girls Private/6-12 (310) 873-7000 0.69 mi

Community Magnet Charter Elementary School Charter/K-5 (310) 476-2281 0.73 mi

St Martin Of Tours Elementary School Private/K-8 (310) 472-7419 0.94 mi

John Thomas Dye School Private/K-6 (310) 476-2811 1.13 mi

Marymount High School Los Angeles Private/9-12 (310) 472-1205 1.3 mi

Brentwood Science Elementary School Magnet/K-5 (310) 826-5631 1.63 mi

Kenter Canyon Elementary School Charter/K-5 (310) 472-5918 1.71 mi

University Senior High School Public/8-12 (310) 914-3500 1.77 mi

St Sebastian School Private/1-8 (310) 473-3337 1.8 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 15: Westwood Homes Open House January 6th, 2013

COMMUNITYCOMMUNITYCloud CMACloud CMA

Area Restaurants

$1,295,000$1,295,000218 S THURSTON AVE, Los Angeles218 S THURSTON AVE, Los Angeles

NameName TTypeype DistanceDistance RatingRating

The Restaurant at the Getty Center American (New) 0.81 mi 179 reviews

Pomodoro Trattoria Italian 1.67 mi 384 reviews

Totoraku Japanese 3.07 mi 127 reviews

Mélisse French, Seafood 3.61 mi 533 reviews

Spago American (New) 3.79 mi 793 reviews

La Botte Ristorante Italian 4.0 mi 272 reviews

Tagine Moroccan 4.59 mi 385 reviews

Awash Restaurant Ethiopian 5.49 mi 187 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 5.82 mi 305 reviews

Animal American (New), Steakhouses 5.87 mi 1728 reviews

Angelini Osteria Italian 6.57 mi 702 reviews

Providence American (New), Seafood, Asian Fusion 7.69 mi 1244 reviews

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 16: Westwood Homes Open House January 6th, 2013

MLSMLS#SR13001842#SR13001842

Cloud CMACloud CMA

Property Details

$1,199,999$1,199,99910322 Ilona Avenue, Los Angeles10322 Ilona Avenue, Los Angeles

Courtesy of Cobalt Realty GroupLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: SR13001842 Beds:Beds: 3 Sq Ft:Sq Ft: 1,728 List Date:List Date: Jan 4, 2013

Status:Status: Active Baths:Baths: 2.00 YYear Built:ear Built: 1936 DOM:DOM: 2

FEATURESFEATURES

Status detailsStatus details: Active; CDOMCDOM: 2; Number of unitsNumber of units: 1; Lot descriptionLot description: Curbs,Sidewalks,Back Yard,FrontYard; WWaterater: Water District,Public; FloorsFloors: Ceramic Tile,Hardwood; CoolingCooling: None; PoolPool: No Pool; RoofRoof:Tile; VViewiew: Courtyard View; CrCross stross streetseets: see map; LotsizeLotsize: 6773; AcrAcreses: 0.155;

REMARKSREMARKS

** Welcome Home ** Standard sale opportunity. Home features 3 bedrooms, 2 baths, 1,728 finished sq ft.Highly sought after area, close to everything, great schools (Westwood Charter Elementary School). Original1930's Spanish architectural style with a large recent addition. Hardwood and tile floors, arched doorways,private courtyard. Some remodeling done, some cosmetic work still needed. Great wood burning fireplace inthe formal living room. Fenced rear yard with a patio and deck for entertaining & grilling. Gated, off streetattached parking. In this market it won't last long.

Source: CARETS_CRISNETInformation is deemed reliable but not guaranteed.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 17: Westwood Homes Open House January 6th, 2013

MLSMLS#SR13001842#SR13001842

How do you rate this prHow do you rate this property?operty?

Cloud CMACloud CMA

Buyer Comments

$1,199,999$1,199,99910322 Ilona Avenue, Los Angeles10322 Ilona Avenue, Los Angeles

Courtesy of Cobalt Realty GroupLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: SR13001842 Beds:Beds: 3 Sq Ft:Sq Ft: 1,728 List Date:List Date: Jan 4, 2013

Status:Status: Active Baths:Baths: 2.00 YYear Built:ear Built: 1936 DOM:DOM: 2

Comments:Comments:

Source: CARETS_CRISNETInformation is deemed reliable but not guaranteed.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 18: Westwood Homes Open House January 6th, 2013

MLSMLS#SR13001842#SR13001842

Cloud CMACloud CMA

Listing Photos

$1,199,999$1,199,99910322 Ilona Avenue, Los Angeles10322 Ilona Avenue, Los Angeles

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 19: Westwood Homes Open House January 6th, 2013

MLSMLS#SR13001842#SR13001842

Cloud CMACloud CMA

More Listing Photos

$1,199,999$1,199,99910322 Ilona Avenue, Los Angeles10322 Ilona Avenue, Los Angeles

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 21: Westwood Homes Open House January 6th, 2013

COMMUNITYCOMMUNITY

Data provided by

Cloud CMACloud CMA

Area Schools

$1,199,999$1,199,99910322 Ilona Avenue, Los Angeles10322 Ilona Avenue, Los Angeles

SchoolSchool TTypeype PhonePhone DistanceDistance

Le Lycee Francais de Los Angeles-Century CityElementary School

Private/K-1 (310) 553-7444 0.15 mi

St Timothy School Private/PK,K-8 (310) 474-1811 0.38 mi

Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.84 mi

Beverly Hills High School Public/9-12 (310) 229-3685 0.95 mi

Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.97 mi

Yeshiva University Of High School Of La Private/9-12 (310) 229-0936 1.01 mi

Notre Dame Academy Girls High School Private/9-12 (310) 839-5289 1.05 mi

Westwood Elementary School Charter/K-5 (310) 474-7788 1.08 mi

Notre Dame Academy Elementary School Private/K-8 (310) 287-3895 1.11 mi

Vista SchoolPrivate, Special

Education/PK,K-12(310) 836-1223 1.18 mi

See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 22: Westwood Homes Open House January 6th, 2013

COMMUNITYCOMMUNITYCloud CMACloud CMA

Area Restaurants

$1,199,999$1,199,99910322 Ilona Avenue, Los Angeles10322 Ilona Avenue, Los Angeles

NameName TTypeype DistanceDistance RatingRating

Totoraku Japanese 0.58 mi 127 reviews

Pomodoro Trattoria Italian 1.59 mi 384 reviews

Spago American (New) 1.62 mi 793 reviews

Tagine Moroccan 2.22 mi 385 reviews

Awash Restaurant Ethiopian 2.56 mi 187 reviews

Animal American (New), Steakhouses 3.7 mi 1728 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 3.82 mi 305 reviews

Angelini Osteria Italian 4.22 mi 702 reviews

Genwa Korean Bbq Korean, Barbeque 4.33 mi 879 reviews

Mélisse French, Seafood 4.69 mi 533 reviews

Providence American (New), Seafood, Asian Fusion 5.42 mi 1244 reviews

Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.09 mi 1122 reviews

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 23: Westwood Homes Open House January 6th, 2013

INFOINFOCloud CMACloud CMA

The Homebuying Process

There are eight major steps you will take when you buy a home:

Get prGet prequalifiedequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as childsupport as well as the type of loan you choose. Other factors that impact how much home you can buy is thedown payment; smaller down payments mean higher monthly payments. Last, the interest rate and terms(30-year, fixed or adjustable rate) will determine what you can afford in monthly payments.

Make your wish listMake your wish list - Decide where you want to live and how many bedrooms and baths you’ll need. Considerlifestyle - condominiums offer shared amenities, with little responsibility. Single-family homes offer more spaceand privacy, but much more exterior and yard maintenance.

HirHire a re a real estate preal estate professionalofessional - Your real estate professional should be expert in the area where you want to liveand familiar with the type of home you want to buy. Your agent has house-by-house experience in yourneighborhood and can offer the best advice on homes in your range.

Select your homeSelect your home - No home is perfect, so don’t let minor flaws influence you. Think long-term. Which home bestsuits the activities and needs of your household now and in the years ahead? Don’t buy more than you need orcan comfortably afford.

Make an ofMake an offerfer - Your offer depends on the current market. If a home has been on the market a long time, you canask the seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Askyour real estate professional for advice.

Get an inspectionGet an inspection - A home inspection is a professional third-party opinion of the home’s condition. Theinspector will point out the age of systems, and large and small repairs that are needed, so you’ll know whatyou’re facing as the next owner.

Get an appraisalGet an appraisal - The bank appraisal determines market value. If the home doesn’t appraise for the purchaseprice, the bank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender willmove toward closing.

Go to closingGo to closing - Once final negotiations are complete, the parties to the transaction meet at the escrow office.This could be a title company, real estate attorney, or whatever is customary in your area. All paperwork is signedby both parties. The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Onceall the disbursements have been made, you get the keys to your new home, according to your agreement.

Congratulations! You’re ready to move into your new home.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 24: Westwood Homes Open House January 6th, 2013

INFOINFOCloud CMACloud CMA

Making an Offer

Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonableradius of the home, so you can compare the home fairly in terms of location, size, features, and amenities.

Next, ask your agent about market conditions, so you can choose a strategy.

• In a buyer’s market, discounts are common because there are fewer buyers, more properties for sale, andhome prices are soft or falling.

• In a seller’s market, homes sell quickly for full price or higher because there are plenty of buyers and fewhomes for sale.

Whether you are in a buyer’s market or a seller’s market, your goal is to buy the home at a fair price. If you werethe seller, what is the lowest possible price you’d accept?

Low-balling the seller is risky. If the seller feels insulted by your offer, you’ve lost the opportunity to negotiate. Onthe other hand, some sellers are simply unrealistic about their home’s value. Maybe your offer will be their wake-up call.

If the seller’s home is offered at a reasonable price, pay asking price or close to it. A home priced to sell will sellquickly. Is there a way to sweeten your offer with a quick closing or an all-cash sale?

To show the seller you’re serious, include a copy of your lender’s pre-approval letter, along with a cover lettersummarizing your strengths as a buyer in terms of creditworthiness, flexibility in closing, and why you love thishome. Include a copy of your comparables to show why you feel your offer is a fair price for the property.

If your offer is conditional, such as your need to sell another home before closing on the seller’s, you’ll have tofind a way to sweeten the deal, such as a full-price offer. Few sellers would accept a discount and a contingencyat the same time.

Your real estate professional will help you draft the offer with a price, estimated closing date, and terms, includingearnest money (a guarantee that you’ll perform as a buyer in good faith), final approval by your lender, and yourright to have an inspection.

Once your offer is negotiated and accepted, your earnest money will be sent to the escrow agent's office. Nowthe inspections occur, and this is where the contract negotiations can break down.

During the inspection process, the inspector will tell you about the condition of appliances, heat and coolingsystems, roofs, electrical and plumbing systems, etc, and if your future home is up to current city codes.

You should only renegotiate a repair when it wasn’t obvious before, or when a system is unsafe or notfunctioning.

Once the seller has agreed, your offer is now a binding contract, and you’ll proceed to closing.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 25: Westwood Homes Open House January 6th, 2013

INFOINFOCloud CMACloud CMA

Your Down Payment

Lately, it’s been in the news that credit is tight, but if you believe that you need 20% down and perfect credit tobuy a home, you may have good news coming.

Loans are available with as little as zero down through the Veterans Administration, for veterans and active-dutymilitary. FHA has programs as low as 3.5 percent down for qualifying borrowers who buy within maximum loanlimits, up to $625,000.

Borrowers with less than perfect credit can get loans as well. Higher credit scores help qualify borrowers forbetter rates. For example, if you have a credit score of 720 or better, you can buy a home through FHA with 10%down.

The rule of thumb is simple – less money down requires a higher credit score and vice versa.

A down payment is simply your way of showing the lender that you are willing to risk your money to buy thehome you want. The larger the down payment, the more likely the lender is to make the loan.

The credit score will tell you how much money you have to put down; it’s a factor in your interest rate. If you put20 percent down, you can get a loan even if you have a low credit score of 580 or 620. If you have a 740 or 760,the lender will go with less money down.

It also matters where the down payment money is coming from. Lenders expect first-time buyers to get help fromfamily to buy a home, so there may be limits to the size or percentage of the down payment gift that the lenderwill allow.

Down payment assistance can also come from grants. The FHA no longer allows seller-assisted down payments,but does provide a link to national organizations that may be of help. Also, check your local housing authority tosee if there are grants available in your area.

Talk to your lender before you make an offer. Get prequalified, and be up front about the source of your downpayment money. A good lender will explain the true costs of borrowing to you so you can comfortably afford thehome you want as well as the monthly payments.

Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942

Page 26: Westwood Homes Open House January 6th, 2013

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Scott McIntoshScott McIntoshColdwell BankerColdwell Banker

DRE Number 01759826

Mobile 310-500-6107

Web www.scott-mcintosh.com

E-mail [email protected]

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Address 11999 San Vicente Blvd. Suite100, LA CA 90049

Office 310-979-3942

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Scott McIntosh | Coldwell Banker | DRE Number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com |[email protected] | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 |

Office: 310-979-3942