Page 1

Buyer Tour

PREPARED FOR

Westwood Homes Open House February 24th , 2013 FEBRUARY 24, 2013

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


LIS

Map of All Listings

MLS #

Status

Address

Price

1

13647147

Active

10573 LE CONTE AVE, Los Angeles

$3,599,000

2

13650361

Active

925 MANNING AVE, Los Angeles

$2,895,000

3

13652883

Active

2223 MALCOLM AVE, Los Angeles

$1,850,000

4

13649749

Active

1841 BENECIA AVE, Los Angeles

$1,755,000

5

13642807

Active

317 BRONWOOD AVE, Los Angeles

$1,299,900

6

13653129

Active

10583 ROCHESTER AVE, Los Angeles

$1,195,000

7

F12032372

Active

2207 Benecia Avenue, Westwood Century City

$1,075,000

8

13652851

Active

10418 TENNESSEE AVE, Los Angeles

$799,000

9

13644299

Active

2170 LINNINGTON AVE, Los Angeles

$749,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 10573 LE CONTE AVE, Los Angeles

$3,599,000

LISTING INFORMATION

Courtesy of Coldwell Banker-Brentwood

MLS#: 13647147

Beds: 6

Sq Ft: 6,429

List Date: Jan 23, 2013

Status: Active

Baths: 5.00

Year Built:

DOM: 32

FEATURES Status details: Active; Zoning: LAR1; CDOM: 193; Number of units: 1; TB map code: 632C2; Appliances: Water Purifier - Owned; Floors: Hardwood,Marble; Cooling: Central A/C,Zoned A/C; Heating: Central Furnace; Kitchen: Granite Counters (N),Island,Remodeled (N); Pool: Private Pool; Roof: Copper; View: Tree Top View; Patio: Patio Open; Lotsize: 13030; REMARKS Located in Little Holmby, this remodeled (2004) Mediterranean Villa of approx. 6,400 sq. ft. includes 6 bedrooms and 5 baths on a 13,000 sq. ft. lot. This 2 story entertainer's home features an upper level with an elegant living room and a great room which leads to a stone patio with tree top views. The spacious kitchen with granite island & counters, stainless steel appliances also includes a sun-filled breakfast room with French doors to the back yard & pool. The 3 upstairs bedrooms include a master suite with French doors to the backyard, a large walk-in closet, and a master bath with spa tub and separate shower. The lower level is being used as a home office suite with 2 offices, 2 baths and a large conf. room with fireplace that opens to a spacious patio with fountain. The office suite could easily be converted into 3 additional bedrooms if desired. The property is surrounded b...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 10573 LE CONTE AVE, Los Angeles

$3,599,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

More Listing Photos 10573 LE CONTE AVE, Los Angeles

$3,599,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 925 MANNING AVE, Los Angeles

$2,895,000

LISTING INFORMATION

Courtesy of Coldwell Banker-BH South

MLS#: 13650361

Beds: 4

Sq Ft: 3,342

List Date: Feb 7, 2013

Status: Active

Baths: 3.50

Year Built: 1933

DOM: 17

FEATURES Status details: Active; Zoning: LAR1; CDOM: 17; Number of units: 1; TB map code: 632B2; Appliances: Dishwasher,Garbage Disposal,Refrigerator; Floors: Carpet,Hardwood,Mixed (N); Cooling: Central A/C; Heating: Central Furnace; Pool: Private Pool; View: No View; Patio: Covered; Lotsize: 8552; REMARKS This beautifully appointed traditional home is located on one of the best streets in Little Holmby. The foyer, highlighted by a graceful stairway, leads to the living room, stylish dining room & sunny breakfast rm. Featuring dark wood floors & details throughout, the spacious living room is flooded w/light w/doors to the lovely backyard and bonus room/office. The beautiful kitchen is perfectly situated in this fantastic flr plan & leads to both the breakfast room as well as the formal dining area w/detailed ceilings & large bay window. Top of the line appliances & high quality materials inc. Bosch Dbl Oven & dishwasher, Viking compactor, self- closing drawers, wine cooler, farm house sink & marble countertops & backsplash. There are 4BD: a maid's rm located off the kitchen & 3 generous bedrooms up. The exquisite master retreat boasts large windows, en-suite bath w/oversized shower & walk...

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 925 MANNING AVE, Los Angeles

$2,895,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

More Listing Photos 925 MANNING AVE, Los Angeles

$2,895,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 2223 MALCOLM AVE, Los Angeles

$1,850,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 13652883

Beds: 5

Sq Ft: 3,168

List Date: Feb 20, 2013

Status: Active

Baths: 4.00

Year Built:

DOM: 4

FEATURES Status details: Active; Zoning: LAR1; CDOM: 4; Number of units: 1; TB map code: 632C5; Appliances: Dishwasher,Garbage Disposal,Gas Or Electric Dryer Hookup,Ice Maker,Refrigerator; Interior: Intercom,Furnished; Floors: Hardwood; Cooling: Central A/C; Heating: Central Furnace; Kitchen: Pantry; View: No View; Lotsize: 5406; REMARKS GRAND NEW SPANISH FAMILY HOME IN PRIME WESTWOOD CHARTER SCHOOL DISTRICT CONSIST OF 5 BEDROOMS AND 4 BATHROOMS. THE SECLUDED UPSTAIRS MASTER SUITE FEATURES A FIREPLACE, GORGEOUS BATHROOM, DRESSING TABLE, HIS/HER WALK-IN CLOSETS, SECURE SAFE, AND LARGE WRAPAROUND BALCONY. ALSO A LARGE DEN/PLAYROOM ADJACENT TO JACK AND JILL BEDROOMS/BATHROOM PLUS THIRD BEDROOM WITH BATH EN SUITE. DOWNSTAIRS IS A 5TH BEDROOM/OFFICE WITH ADJACENT FULL BATH - ALL ARE BEAUTIFULLY DESIGNED/APPOINTED. ANCHORING THE OPEN FLOOR PLAN IS A CUSTOM CHEFS KITCHEN WITH SUBZERO AND WOLF APPLIANCES WITH LARGE CENTER ISLAND, MARBLE AND GRANITE COUNTER TOPS AND LARGE WALK-IN PANTRY. AN EXPANSIVE GREAT ROOM OPENS TO THE KITCHEN AND SEPERATE-BUT-OPEN FORMAL DINING ROOM. IT FLOWS PERFECTLY TO A COVERED OUTDOOR LIVING SPACE WHICH LEADS TO LANDSCAPED/PRIVATE BACKYARD. WALKING DISTANCE TO SHOPPING AND RESTAURANTS.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 2223 MALCOLM AVE, Los Angeles

$1,850,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

More Listing Photos 2223 MALCOLM AVE, Los Angeles

$1,850,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 1841 BENECIA AVE, Los Angeles

$1,755,000

LISTING INFORMATION

Courtesy of Coldwell Banker-Brentwood

MLS#: 13649749

Beds: 5

Sq Ft: 4,503

List Date: Feb 5, 2013

Status: Active

Baths: 4.50

Year Built: 1990

DOM: 19

FEATURES Status details: Active; Zoning: LAR2; CDOM: 249; Number of units: 1; TB map code: 632D3; Appliances: Dishwasher,Garbage Disposal,Gas Dryer Hookup,Refrigerator; Interior: Intercom; Floors: Hardwood,Marble; Cooling: Central A/C; Heating: Central Furnace; Roof: Clay Tile; View: Tree Top View; Lotsize: 5339; REMARKS Magnificent newer construction (1991) boasting 5 bedrooms & 4.5 baths with 2 stories and 4500 sq. ft. of living space. This Century City Adjacent home offers an open living room which flows seamlessly into the gourmet kitchen with s/s appliances, granite island & counters & Thomasville cabinets. The step down breakfast room leads to family room with fireplace and French doors. The downstairs en suite bedroom can also be used as an office, guest room or exercise room. The 4 upstairs bedrooms include a spacious master with f/p, large walk-in closet & dual sink bath with spa tub & shower. Additionally there is secured underground parking for at least 5 cars for the enthusiast.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 1841 BENECIA AVE, Los Angeles

$1,755,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

More Listing Photos 1841 BENECIA AVE, Los Angeles

$1,755,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 317 BRONWOOD AVE, Los Angeles

$1,299,900

LISTING INFORMATION

Courtesy of Rodeo Realty - Beverly Hills

MLS#: 13642807

Beds: 3

Sq Ft: 1,551

List Date: Jan 3, 2013

Status: Active

Baths: 2.00

Year Built: 1951

DOM: 52

FEATURES Status details: Active; Zoning: LAR1; CDOM: 52; Number of units: 1; TB map code: 631J2; Appliances: None; Interior: None (N); Floors: Hardwood; Cooling: None; Heating: Central Furnace; View: Tree Top View; Lotsize: 7906; REMARKS The location of the vacant home (completely, no sinks, toilets, counters, etc) is the best asset of this house. Gorgeous hardwood floors in all 3 bedrooms only. Elderly owners planned to renovate and could not follow through. Lower Westwood Hills means NO 405 noise or sight/SUPER QUIET! This is one of the rare NON-thoroughfare streets between Montana and Sunset. Check out my YouTube (in pvt remarks) for a video of interior I did myself so "be kind"! All reports/eradication have been completed by insurance co (asbestos, air samples, etc). I also have floor plan. Contractor bids have ranged from $130,00 - $160,000. This is an investors DREAM but not a flip. When done, this house should be worth $1.5 +++

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 317 BRONWOOD AVE, Los Angeles

$1,299,900

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 10583 ROCHESTER AVE, Los Angeles

$1,195,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 13653129

Beds: 3

Sq Ft: 1,860

List Date: Feb 21, 2013

Status: Active

Baths: 2/1

Year Built: 1936

DOM: 3

FEATURES Status details: Active; Zoning: LAR1; CDOM: 3; Number of units: 1; Spa: None; Lot description: Walk Street; TB map code: 632C3; Water: No Water on Property; Appliances: Dishwasher,Freezer,Garbage Disposal,Refrigerator; Interior: Pre-wired for high speed Data; Floors: Carpet,Hardwood,Tile (N); Cooling: Central A/C; Heating: Central Furnace; Kitchen: Counter Top; Pool: No Pool; Patio: Patio Open; Lotsize: 6500; REMARKS Located in one of the most desirable school districts, this beautifully maintained and stylishly updated 3 bedroom, 2.5 bath home is sure to impress! The 1,860 sqft of living space includes a modern gourmet kitchen with stainless steel appliances, a spacious living room with fireplace, and a master suite opening to a professionally landscaped backyard. Perfect for outdoor entertaining or simply watching the kids play in the temperate Los Angeles sun, the private, park-like backyard with sprawling lawn, also has an added bonus...an additional room, ideal for use as an office or game/playroom. THIS HOME IS A TRUE MUST SEE!

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 10583 ROCHESTER AVE, Los Angeles

$1,195,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #F1

Property Details 2207 Benecia Avenue, Westwood Century City

$1,075,000

LISTING INFORMATION

Courtesy of Represented By

MLS#: F12032372

Beds: 3

Sq Ft: 2,061

List Date: Mar 10, 2012

Status: Active

Baths: 3.00

Year Built: 1939

DOM: 187

FEATURES Status details: Active; CDOM: 187; Lot description: Street Paved; TB map code: 632-D4; Water: Water District,Public; Cooling: Central A/C; Heating: Central Furnace; Pool: No Pool; View: No View; Cross streets: S of Olympic/E of Beverly Glen; Lotsize: 5858; Acres: 0.134; REMARKS Prime Westwood! Spacious Traditional 3 Bedroom & 3 Bath Home In Great Westwood Neighborhood. Adjacent To Century City! Living Room With It's Own Fireplace! Exceptional Parking! Do Not Miss! Incredible Location! Westwood Charter Elementary Nearby! Close To Everything! Rare Offering! Westwood Living At Its Best!

Information is deemed reliable but not guaranteed.

Source: CARETS_CRISNET

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 10418 TENNESSEE AVE, Los Angeles

$799,000

LISTING INFORMATION

Courtesy of Teles Properties, Inc.

MLS#: 13652851

Beds: 2

Sq Ft: 1,267

List Date: Feb 20, 2013

Status: Active

Baths: 1.00

Year Built: 1926

DOM: 4

FEATURES Status details: Active; Zoning: LAR1; CDOM: 4; Number of units: 1; TB map code: 632D5; Interior: Other; Floors: Carpet,Hardwood; Cooling: None; Heating: Floor Furnace; View: No View; Lotsize: 5851; REMARKS Sun-filled Spanish 2 bed/1 ba with original charm and character throughout. First time sold in over 60 years. Large flat backyard lot w/ possible expansion opportunities. Enter courtyard to front entry w/ closet. Living room barrel ceiling & fireplace. Dining rm overlooking backyard opens to kitchen & laundry rm w/ backyard access. Full bath w/ separate bath & Shower. Close proximity to Century City, Rancho Park Golf & Recreation Center & Pico Blvd. shops & restaurants. Westwood Charter School. Property sold in "AS IS" condition.

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 10418 TENNESSEE AVE, Los Angeles

$799,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Property Details 2170 LINNINGTON AVE, Los Angeles LISTING INFORMATION

$749,000 Courtesy of Prudential CA - Beverly Hills

MLS#: 13644299

Beds: 3

Sq Ft: 1,296

List Date: Jan 10, 2013

Status: Active

Baths: 2.00

Year Built: 1946

DOM: 45

FEATURES Status details: Active; Zoning: LAR1; CDOM: 228; Number of units: 1; TB map code: 632D4; Floors: Hardwood; Cooling: Air Conditioning,Central A/C,Heat Pump(s); Heating: Central Furnace; View: No View; Lotsize: 4935; REMARKS BACK ON MARKET, A great Opportunity in the Westwood Charter School District. 3 bedrooms and 2 baths, large open, living room with wood floors and a fireplace. Nice private yard and a two car detached garage, central air. Greart for thee buyers who want to get into the Westside. Close to shopping, transportation and entertainment. House needs updating and the condition is reflected in the asking price. SELLER'S LOSS IS YOUR GAIN!

Information is deemed reliable but not guaranteed.

Source: CARETS_CLAW

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


ML #13

Listing Photos 2170 LINNINGTON AVE, Los Angeles

$749,000

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


IN

What Are Your Homebuying Goals? With the dramatic rise and fall of housing prices over the last decade, consumers have new respect for homes as investments. But the flip side, is that your investment is still a home, one you’re likely to occupy for several years or more. According to the annual Profile of Home Buyers and Sellers, compiled by the National Association of REALTORS®, the primary reason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for more space, and a change in the family situation. For most people, buying a home is more about giving household members more comfortable living arrangements and putting them closer to jobs, favorite activities, other family and friends. What are your goals for buying a home? You might want a better home and neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to think about school districts and proximity to parks and other recreation. If you’re not certain, you might think about what would change about your situation if you became a homeowner. You’ll definitely be more established. If you’re like most homebuyers, you expect to stay in your new home about 10 years. You’ll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation will eventually allow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may also be an important factor for you. The combination of low interest rates and low prices allows you to buy more home for the money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factor in tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income. When you buy, make your goals long-term. Choose the home you think will serve your household’s needs the best for the longest period of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s market conditions and affordability, make it more likely that you will reach your homebuying goals, no matter what they are.

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


IN

The Homebuying Process There are eight major steps you will take when you buy a home: Get prequalified - Your lender will look at your income, credit scores, revolving debts, obligations such as child support as well as the type of loan you choose. Other factors that impact how much home you can buy is the down 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 list - Decide where you want to live and how many bedrooms and baths you’ll need. Consider lifestyle condominiums offer shared amenities, with little responsibility. Single-family homes offer more space and privacy, but much more exterior and yard maintenance. Hire a real estate professional - Your real estate professional should be expert in the area where you want to live and familiar with the type of home you want to buy. Your agent has house-by-house experience in your neighborhood and can offer the best advice on homes in your range. Select your home - No home is perfect, so don’t let minor flaws influence you. Think long-term. Which home best suits the activities and needs of your household now and in the years ahead? Don’t buy more than you need or can comfortably afford. Make an offer - Your offer depends on the current market. If a home has been on the market a long time, you can ask the seller for a price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your real estate professional for advice. Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector will point out the age of systems, and large and small repairs that are needed, so you’ll know what you’re facing as the next owner. Get an appraisal - The bank appraisal determines market value. If the home doesn’t appraise for the purchase price, the bank will refuse to make the loan unless you renegotiate with the seller. If it appraises, the lender will move toward closing. Go 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 signed by both parties. The lender pays the seller, minus any liens against the home such as the seller’s mortgage. Once all 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 | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


IN

Making an Offer Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonable radius 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, and home 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 few homes 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 were the 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. On the 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 sell quickly. 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 letter summarizing your strengths as a buyer in terms of creditworthiness, flexibility in closing, and why you love this home. 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 to find a way to sweeten the deal, such as a full-price offer. Few sellers would accept a discount and a contingency at the same time. Your real estate professional will help you draft the offer with a price, estimated closing date, and terms, including earnest money (a guarantee that you’ll perform as a buyer in good faith), final approval by your lender, and your right to have an inspection. Once your offer is negotiated and accepted, your earnest money will be sent to the escrow agent's office. Now the 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 cooling systems, 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 not functioning. 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 | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


IN

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 to buy 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-duty military. FHA has programs as low as 3.5 percent down for qualifying borrowers who buy within maximum loan limits, up to $625,000. Borrowers with less than perfect credit can get loans as well. Higher credit scores help qualify borrowers for better 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 the home 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 put 20 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 from family to buy a home, so there may be limits to the size or percentage of the down payment gift that the lender will 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 to see 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 down payment money. A good lender will explain the true costs of borrowing to you so you can comfortably afford the home you want as well as the monthly payments.

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


IN

Contact Me Scott McIntosh Coldwell Banker DRE number 01759826 Mobile

310-500-6107

Web

www.scott-mcintosh.com

E-mail

scott@scott-mcintosh.com

Blog

www.thewestwoodblog.com

Facebook

http://www.facebook.com/agentscott

Twitter

https://twitter.com/#!/theagentscott

LinkedIn

http://www.linkedin.com/in/agentscott

Address

11999 San Vicente Blvd. Suite 100, LA CA 90049

Office

310-979-3942

Download this report (PDF)

What's up with the bar code? This QR code makes it easy for you to download this report to your smart phone. 1. Make sure your phone can scan a QR code with its camera. If you don't already have one, you can try http://cloudcma.com/qr on your phone's browser to download an app, or do a Google search for the model of your phone along with the term "QR reader". 2. Now use that app to scan the QR code above.

Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | scott@scott-mcintosh.com | www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942


Westwood Homes Open House February 24th, 2013  

This buyer tour booklet lists all the homes open in Westwood on Sunday February 24th, 2013

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