Westwood Homes Open House December 9th, 2012

Cloud CMACloud CMA

Buyer Tour

PREPARED FOR

WWestwood Homes Open House December 9th,estwood Homes Open House December 9th,20122012

DECEMBER 9, 2012

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

http://www.scott-mcintosh.com

mailto:[email protected]

http://www.thewestwoodblog.com

http://www.mapquest.com/?q=11999+San+Vicente+Blvd.+Suite+100%2C+LA+CA+90049

LISTINGSLISTINGSCloud CMACloud CMA

Map of All Listings

MLS #MLS # StatusStatus AddrAddressess PricePrice

1 12639365 Active 148 S GLENROY AVE, Los Angeles $3,995,000

2 12628799 Active 1457 COMSTOCK AVE, Los Angeles $1,975,000

3 12632419 Active 218 S THURSTON AVE, Los Angeles $1,295,000

4 SR12148217 Active 10496 Wellworth Avenue, Los Angeles $1,295,000

5 12633927 Active 2001 BENECIA AVE, Los Angeles $999,000


Office: 310-979-3942





MLSMLS#12639365#12639365

Cloud CMACloud CMA

Property Details

$3,995,000$3,995,000148 S GLENROY AVE, Los Angeles148 S GLENROY AVE, Los Angeles

Courtesy of Rodeo RealtyLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12639365 Beds:Beds: 6 Sq Ft:Sq Ft: 7,584 List Date:List Date: Dec 5, 2012

Status:Status: Active Baths:Baths: 5/1/2/0 YYear Built:ear Built: 2008 DOM:DOM: 4

FEATURESFEATURES

Status detailsStatus details: Active; ZoningZoning: LAR1; CDOMCDOM: 4; Number of unitsNumber of units: 1; TB map codeTB map code: 631J1; AppliancesAppliances:Dishwasher,Dryer,Refrigerator,Washer; FloorsFloors: Hardwood; CoolingCooling: Central A/C; HeatingHeating: CentralFurnace,Fireplace; KitchenKitchen: Pantry; VViewiew: Hills View; PatioPatio: Patio Open; LotsizeLotsize: 7699;

REMARKSREMARKS

One of a kind, approximately 7,000 square foot home, Recently Built, Stunning Mediterranean home inWestwood Hills- Bel Air adjacent. As you walk into this 6 bedroom 8.5 bath home you notice the grand ceilingin the Fourier accented with a large skylight. This private gated property includes a furnished professionalscreening room,wine cellar,playroom,gourmet kitchen,his and hers walk in closets with an exquisite masterbath ,four fireplaces,an elegant private office,children's playroom,etc,and plenty of detail added to everyroom. Rear of home opens into secluded private backyard.

Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.


Office: 310-979-3942

http://csmedia.mris.com/platinum/getmedia?ID=97804887905&LOOT=50045650620


http://maps.google.com/maps?q=148+S+GLENROY+AVE%2C+Los+Angeles%2C+CA+90049

http://maps.google.com/maps?q=148+S+GLENROY+AVE%2C+Los+Angeles%2C+CA+90049





MLSMLS#12639365#12639365

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

Cloud CMACloud CMA

Buyer Comments


Courtesy of Rodeo RealtyLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12639365 Beds:Beds: 6 Sq Ft:Sq Ft: 7,584 List Date:List Date: Dec 5, 2012

Status:Status: Active Baths:Baths: 5/1/2/0 YYear Built:ear Built: 2008 DOM:DOM: 4

Comments:Comments:



Office: 310-979-3942









MLSMLS#12639365#12639365

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Listing Photos



Office: 310-979-3942





























MLSMLS#12639365#12639365

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COMMUNITYCOMMUNITY

Data provided by

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Area Schools


SchoolSchool TTypeype PhonePhone DistanceDistance

Community Magnet Charter Elementary School Charter/K-5 (310) 476-2281 0.69 mi

Brentwood School Private/K-12 (310) 476-9633 0.75 mi

Archer School For Girls Private/6-12 (310) 873-7000 0.87 mi

Marymount High School Los Angeles Private/9-12 (310) 472-1205 1.10 mi

St Martin Of Tours Elementary School Private/K-8 (310) 472-7419 1.11 mi

John Thomas Dye School Private/K-6 (310) 476-2811 1.11 mi

Brentwood Science Elementary School Magnet/K-5 (310) 826-5631 1.76 mi

St Sebastian School Private/1-8 (310) 473-3337 1.78 mi

University Senior High School Public/8-12 (310) 914-3500 1.80 mi

Indian Springs Continuation Alt./9-12 (310) 914-3600 1.86 mi

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


Office: 310-979-3942

http://www.education.com/schoolfinder/us/california/los-angeles/community-magnet-charter-elementary/

http://www.education.com/schoolfinder/us/california/los-angeles/brentwood-school/

http://www.education.com/schoolfinder/us/california/los-angeles/archer-school-for-girls/

http://www.education.com/schoolfinder/us/california/los-angeles/marymount-high-school-los-angeles/

http://www.education.com/schoolfinder/us/california/los-angeles/st-martin-of-tours-elem-school/

http://www.education.com/schoolfinder/us/california/los-angeles/john-thomas-dye-school/

http://www.education.com/schoolfinder/us/california/los-angeles/brentwood-science/

http://www.education.com/schoolfinder/us/california/los-angeles/st-sebastian-school/

http://www.education.com/schoolfinder/us/california/los-angeles/university-senior-high/

http://www.education.com/schoolfinder/us/california/los-angeles/indian-springs-continuation/

http://education.com


http://www.education.com/schoolfinder/us/california/los-angeles/





COMMUNITYCOMMUNITYCloud CMACloud CMA

Area Restaurants


NameName TTypeype DistanceDistance RatingRating

The Restaurant at the Getty Center American (New) 0.9 mi 178 reviews

Pomodoro Trattoria Italian 1.6 mi 380 reviews

Totoraku Japanese 3.0 mi 126 reviews

Sfixio Italian 3.0 mi 83 reviews

Spago American (New) 3.6 mi 780 reviews

Mélisse French, Seafood 3.7 mi 520 reviews

La Botte Ristorante Italian 4.1 mi 274 reviews

Tagine Moroccan 4.4 mi 373 reviews

Carlitos Gardel Restaurant Argentine, Steakhouses 5.7 mi 297 reviews

Animal American (New), Steakhouses 5.7 mi 1701 reviews

Angelini Osteria Italian 6.4 mi 689 reviews

Providence American (New), Seafood, Asian Fusion 7.5 mi 1218 reviews


Office: 310-979-3942

http://www.yelp.com/biz/the-restaurant-at-the-getty-center-los-angeles


http://www.yelp.com/biz/pomodoro-trattoria-los-angeles-2


http://www.yelp.com/biz/totoraku-los-angeles


http://www.yelp.com/biz/sfixio-beverly-hills


http://www.yelp.com/biz/spago-beverly-hills


http://www.yelp.com/biz/m%C3%A9lisse-santa-monica


http://www.yelp.com/biz/la-botte-ristorante-santa-monica


http://www.yelp.com/biz/tagine-beverly-hills


http://www.yelp.com/biz/carlitos-gardel-restaurant-los-angeles


http://www.yelp.com/biz/animal-los-angeles


http://www.yelp.com/biz/angelini-osteria-los-angeles


http://www.yelp.com/biz/providence-los-angeles-2


http://www.yelp.com

http://www.yelp.com





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: 62

FEATURESFEATURES

Status detailsStatus details: Active; ZoningZoning: LAR1; CDOMCDOM: 62; 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.



Office: 310-979-3942



http://maps.google.com/maps?q=1457+COMSTOCK+AVE%2C+Los+Angeles%2C+CA+90024

http://maps.google.com/maps?q=1457+COMSTOCK+AVE%2C+Los+Angeles%2C+CA+90024





MLSMLS#12628799#12628799


Cloud CMACloud CMA

Buyer Comments


Courtesy of Real Estate West, IncLISTING INFORMATIONLISTING INFORMATION


Status:Status: Active Baths:Baths: 2/1 YYear Built:ear Built: 1925 DOM:DOM: 62

Comments:Comments:



Office: 310-979-3942









MLSMLS#12628799#12628799

Cloud CMACloud CMA

Listing Photos



Office: 310-979-3942





























MLSMLS#12628799#12628799

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Office: 310-979-3942

















COMMUNITYCOMMUNITY

Data provided by

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Area Schools



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 1.20 mi



Office: 310-979-3942

http://www.education.com/schoolfinder/us/california/los-angeles/sinai-akiba-academy/

http://www.education.com/schoolfinder/us/california/los-angeles/fairburn-avenue-elementary/

http://www.education.com/schoolfinder/us/california/beverly-hills/el-rodeo-elementary/

http://www.education.com/schoolfinder/us/california/beverly-hills/moreno-high-continuation/

http://www.education.com/schoolfinder/us/california/los-angeles/warner-avenue-elementary/

http://www.education.com/schoolfinder/us/california/beverly-hills/beverly-hills-high/

http://www.education.com/schoolfinder/us/california/los-angeles/st-paul-the-apostle-school/

http://www.education.com/schoolfinder/us/california/los-angeles/ralph-waldo-emerson-middle/

http://www.education.com/schoolfinder/us/california/beverly-hills/good-shepherd-catholic-school/

http://www.education.com/schoolfinder/us/california/los-angeles/westwood-elementary/









Area Restaurants








Matsuhisa Sushi Bars, Japanese, Food 2.7 mi 496 reviews




Genwa Korean Bbq Korean, Barbeque 4.7 mi 857 reviews


Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.6 mi 1105 reviews


Office: 310-979-3942











http://www.yelp.com/biz/matsuhisa-beverly-hills

http://www.yelp.com/biz/matsuhisa-beverly-hills







http://www.yelp.com/biz/genwa-korean-bbq-los-angeles-2




http://www.yelp.com/biz/soowon-galbi-kbbq-restaurant-los-angeles-2


http://www.yelp.com

http://www.yelp.com





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


Status:Status: Active Baths:Baths: 2.00 YYear Built:ear Built: 1938 DOM:DOM: 41

FEATURESFEATURES

Status detailsStatus details: Active; ZoningZoning: LAR1; CDOMCDOM: 41; 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.



Office: 310-979-3942



http://maps.google.com/maps?q=218+S+THURSTON+AVE%2C+Los+Angeles%2C+CA+90049

http://maps.google.com/maps?q=218+S+THURSTON+AVE%2C+Los+Angeles%2C+CA+90049





MLSMLS#12632419#12632419


Cloud CMACloud CMA

Buyer Comments


Courtesy of Coldwell Banker-BH NorthLISTING INFORMATIONLISTING INFORMATION



Comments:Comments:



Office: 310-979-3942









MLSMLS#12632419#12632419

Cloud CMACloud CMA

Listing Photos



Office: 310-979-3942





























MLSMLS#12632419#12632419

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Office: 310-979-3942



























COMMUNITYCOMMUNITY

Data provided by

Cloud CMACloud CMA

Area Schools



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 1.30 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 1.80 mi



Office: 310-979-3942

http://www.education.com/schoolfinder/us/california/los-angeles/brentwood-school/

http://www.education.com/schoolfinder/us/california/los-angeles/archer-school-for-girls/

http://www.education.com/schoolfinder/us/california/los-angeles/community-magnet-charter-elementary/

http://www.education.com/schoolfinder/us/california/los-angeles/st-martin-of-tours-elem-school/

http://www.education.com/schoolfinder/us/california/los-angeles/john-thomas-dye-school/

http://www.education.com/schoolfinder/us/california/los-angeles/marymount-high-school-los-angeles/

http://www.education.com/schoolfinder/us/california/los-angeles/brentwood-science/

http://www.education.com/schoolfinder/us/california/los-angeles/kenter-canyon-elementary/

http://www.education.com/schoolfinder/us/california/los-angeles/university-senior-high/

http://www.education.com/schoolfinder/us/california/los-angeles/st-sebastian-school/









Area Restaurants



The Restaurant at the Getty Center American (New) 0.8 mi 178 reviews






La Botte Ristorante Italian 4.0 mi 274 reviews







Office: 310-979-3942

























http://www.yelp.com

http://www.yelp.com





MLSMLS#SR12148217#SR12148217

Cloud CMACloud CMA

Property Details

$1,295,000$1,295,00010496 W10496 Wellworth Avenue, Los Angelesellworth Avenue, Los Angeles

Courtesy of Ashjian RealtyLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: SR12148217 Beds:Beds: 3 Sq Ft:Sq Ft: 2,042 List Date:List Date: Dec 6, 2012


FEATURESFEATURES

Status detailsStatus details: Active; CDOMCDOM: 3; Number of unitsNumber of units: 1; SpaSpa: None; Lot descriptionLot description: Curbs,Sidewalks,BackYard,Front Yard,Street Paved; WWaterater: Water District,Public; FloorsFloors: Ceramic Tile,Hardwood; CoolingCooling:None; HeatingHeating: Central Furnace; ExteriorExterior: Adobe,Concrete; PoolPool: No Pool; RoofRoof: Spanish Clay Tile;VViewiew: No View; PatioPatio: Rock, Stone,Other - See Remarks; CrCross stross streetseets: Wilshire Blvd. & Thayer; LotsizeLotsize:7754; AcrAcreses: 0.178;

REMARKSREMARKS

If you do business in Westwood, Beverly Hills and/or Century City, this is a great location! This home islocated within a Westwood/Beverly Hills/Century City triangle. Close to all three! 2 bedrooms/3 baths. Cornerlot and beautiful from both streets. If you are ?purist? for an original interior or if you want a charming homewhere you would like to update/upgrade from traditional 1935 Spanish-style home, this is the home for you!Original hardwood flooring throughout?even under the tiled kitchen. This home also has original beams, analcove or two, two interior working fireplaces (one with a wood storage area), built-in bookcases, a secretcloset, and original hand-painted tiles installed by homebuilder. Lush, mature landscaping with a producinglemon tree. Fairly private front porch has a low-wall fence. Appointed with a small backyard with flagstonepatio and a cozy, origin...

Source: CARETS_CRISNETInformation is deemed reliable but not guaranteed.


Office: 310-979-3942



http://maps.google.com/maps?q=10496+Wellworth+Avenue%2C+Los+Angeles%2C+CA+90024

http://maps.google.com/maps?q=10496+Wellworth+Avenue%2C+Los+Angeles%2C+CA+90024





MLSMLS#SR12148217#SR12148217


Cloud CMACloud CMA

Buyer Comments


Courtesy of Ashjian RealtyLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: SR12148217 Beds:Beds: 3 Sq Ft:Sq Ft: 2,042 List Date:List Date: Dec 6, 2012


Comments:Comments:

Source: CARETS_CRISNETInformation is deemed reliable but not guaranteed.


Office: 310-979-3942









MLSMLS#SR12148217#SR12148217

Cloud CMACloud CMA

Listing Photos



Office: 310-979-3942





























MLSMLS#SR12148217#SR12148217

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Office: 310-979-3942







COMMUNITYCOMMUNITY

Data provided by

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Area Schools





Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.64 mi




Global Montessori School Of WestwoodPrivate,

Montessori/PK,K1.03 mi

El Rodeo Elementary School Public/K-8 (310) 229-3670 1.15 mi





Office: 310-979-3942



http://www.education.com/schoolfinder/us/california/los-angeles/warner-avenue-elementary/




http://www.education.com/schoolfinder/us/california/los-angeles/global-montessori-school-of-westwood/

http://www.education.com/schoolfinder/us/california/beverly-hills/el-rodeo-elementary/










MLSMLS#12633927#12633927

Cloud CMACloud CMA

Property Details

$999,000$999,0002001 BENECIA AVE, Los Angeles2001 BENECIA AVE, Los Angeles

Courtesy of Nelson Shelton & AssociatesLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12633927 Beds:Beds: 3 Sq Ft:Sq Ft: 1,755 List Date:List Date: Nov 5, 2012


FEATURESFEATURES

Status detailsStatus details: Active; ZoningZoning: LAR2; CDOMCDOM: 34; Number of unitsNumber of units: 1; SpaSpa: Private Spa; Lot descriptionLot description:Walk Street; Assoc amenitiesAssoc amenities: Hot Water; TB map codeTB map code: 632D4; AppliancesAppliances: Dishwasher,Dryer,GarbageDisposal,Gas Or Electric Dryer Hookup,Refrigerator,Vented Exhaust Fan; FloorsFloors: Tile (N),Wood; CoolingCooling: AirConditioning; HeatingHeating: Central Furnace; VViewiew: Park Or Green Belt View; PatioPatio: Porch - Rear; LotsizeLotsize:5659;

REMARKSREMARKS

Charming traditional sitting on a gentle knoll, 3+2.5+family room, 3rd bedroom is converted into an office,large step down living room, formal dining room, family room with fireplace and skylite, master bedroom withwalk-in closet, kitchen with breakfast area, hardwood floors, A/C, security system, very lite and bright, backpatio with hot tub, 2 car attached garage, convenient location to 10 and 405 freeways, UCLA, Century City,places of warship and public transportation.



Office: 310-979-3942



http://maps.google.com/maps?q=2001+BENECIA+AVE%2C+Los+Angeles%2C+CA+90025

http://maps.google.com/maps?q=2001+BENECIA+AVE%2C+Los+Angeles%2C+CA+90025





MLSMLS#12633927#12633927


Cloud CMACloud CMA

Buyer Comments


Courtesy of Nelson Shelton & AssociatesLISTING INFORMATIONLISTING INFORMATION

MLS#:MLS#: 12633927 Beds:Beds: 3 Sq Ft:Sq Ft: 1,755 List Date:List Date: Nov 5, 2012


Comments:Comments:



Office: 310-979-3942









MLSMLS#12633927#12633927

Cloud CMACloud CMA

Listing Photos



Office: 310-979-3942





























MLSMLS#12633927#12633927

Cloud CMACloud CMA

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Office: 310-979-3942

























COMMUNITYCOMMUNITY

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Area Schools



Le Lycee Francais de Los Angeles-Century CityElementary School

Private/K-1 (310) 553-7444 0.55 mi

St Timothy School Private/PK,K-8 (310) 474-1811 0.57 mi






Overland Avenue Elementary School Public/K-6 (310) 838-7308 1.00 mi





Office: 310-979-3942

http://www.education.com/schoolfinder/us/california/los-angeles/le-lycee-francais-de-los-angel/

http://www.education.com/schoolfinder/us/california/los-angeles/le-lycee-francais-de-los-angel/

http://www.education.com/schoolfinder/us/california/los-angeles/st-timothy-school/






http://www.education.com/schoolfinder/us/california/los-angeles/overland-avenue-elementary/











Area Restaurants












Genwa Korean Bbq Korean, Barbeque 4.6 mi 857 reviews


Soowon Galbi KBBQ Restaurant Korean, Barbeque 7.4 mi 1105 reviews


Office: 310-979-3942

























http://www.yelp.com

http://www.yelp.com





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.


Office: 310-979-3942






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.


Office: 310-979-3942






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.


Office: 310-979-3942





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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]

Blog www.thewestwoodblog.com

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Address 11999 San Vicente Blvd. Suite100, LA CA 90049

Office 310-979-3942

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Documents

Westwood Homes Open House December 9th, 2012