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Buyer Tour

PREPARED FOR

Westwood Homes Open House May 5th, 2013 MAY 5, 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


IN

The Homebuying Process Follow these Steps 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


LIS

Map of All Listings

MLS #

Status

Address

Price

1

12174285

Active

1047 WESTHOLME, Los Angeles

$1,999,999

2

13666547

Active

10311 ORTON AVE, Los Angeles

$1,995,000

3

13649749

Active

1841 BENECIA AVE, Los Angeles

$1,755,000

4

RS13067451

Active

2342 Parnell Avenue, Los Angeles

$1,398,000

5

13667373

Active

2250 SELBY AVE, Los Angeles

$1,295,000

6

13663199

Active

10717 OHIO AVE, Los Angeles

$1,249,000

7

13664303

Active

2114 OVERLAND AVE, Los Angeles

$899,000

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 #12

Property Details 1047 WESTHOLME, Los Angeles

$1,999,999

LISTING INFORMATION

Courtesy of Home As Art - Deasy/Penner

MLS#: 12174285

Beds: 4

Sq Ft: 3,186

List Date: Mar 12, 2013

Status: Active

Baths: 3/0

Year Built: 1956

DOM: 54

FEATURES Status details: Active; CDOM: 54; Number of units: 0; Lot description: Single Lot; TB map code: 632C2; Cooling: Air Conditioning; Heating: Central Furnace; Roof: Other; Cross streets: LINDBROOK DRIVE; Lotsize: 6882; Acres: 0.158; REMARKS When the Flax's interviewed William Stephenson in 1955 they immediately knew he was the perfect Architect to design their dream home. Stephenson, who also designed Pres. Reagan's personal residence, completed the Flax residence in 1956. Now, this fabulous Mid-Century home is available for the first time. Boasting 3,186SF of open living space this 4BED 3BATH home has many of its original design features intact. Walls of glass off the main massive liv/din room anchored by a fireplace make it the perfect setting for all family gatherings. The original kitchen has been diligently maintained with updated cabinetry and hardware along with an eat-in brkfst nook that over looks a pond in the lushly landscaped back yard. 12ft ceilings, sharp lines, skylights, glass walls and period fixtures only add to the orig. of this architectural significant home. Walking distance to all the great shops an...

Information is deemed reliable but not guaranteed.

Source: CARETS_ITECH

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 #12

Buyer Comments

1047 WESTHOLME, Los Angeles

$1,999,999

LISTING INFORMATION

Courtesy of Home As Art - Deasy/Penner

MLS#: 12174285

Beds: 4

Sq Ft: 3,186

List Date: Mar 12, 2013

Status: Active

Baths: 3/0

Year Built: 1956

DOM: 54

How do you rate this property? Comments:

Information is deemed reliable but not guaranteed.

Source: CARETS_ITECH

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 #12

Listing Photos 1047 WESTHOLME, Los Angeles

$1,999,999

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 #12

More Listing Photos 1047 WESTHOLME, Los Angeles

$1,999,999

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


CO

Area Schools 1047 WESTHOLME, Los Angeles School

$1,999,999 Type

Phone

Distance

Fairburn Avenue Elementary School

Public/K-5

(310) 470-1344

0.32 mi

Sinai Akiba Academy

Private/K-8

(310) 475-6401

0.42 mi

Warner Avenue Elementary School

Public/K-5

(310) 475-5893

0.52 mi

St Paul The Apostle School

Private/K-8

(310) 474-1588

0.57 mi

Public/6-8

(310) 234-3100

0.66 mi

Ralph Waldo Emerson Middle School Global Montessori School Of Westwood

Private, Montessori/ PK,K

0.99 mi

Westwood Elementary School

Charter/K-5

(310) 474-7788

1.08 mi

Marymount High School Los Angeles

Private/9-12

(310) 472-1205

1.13 mi

Public/K-8

(310) 229-3670

1.41 mi

Alt./9-12

(310) 551-5100

1.52 mi

El Rodeo Elementary School Moreno High (Continuation) High School See more information on Los Angeles schools from Education.com. ŠEducation.com, Inc. 2010. Use is subject to Terms of Service.

Data provided by

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


CO

Area Restaurants 1047 WESTHOLME, Los Angeles Name

$1,999,999 Type

Distance

Pomodoro Trattoria

Italian

0.66 mi

Craft

American (New)

1.15 mi

Totoraku

Japanese

1.52 mi

Da Pasquale Restaurant

Italian, Pizza

1.57 mi

Il Pastaio Restaurant

Italian

2.01 mi

Spago

American (New), Asian Fusion

2.14 mi

n/naka

Japanese

2.9 mi

Tagine

Moroccan

2.94 mi

MĂŠlisse

French, Seafood

4.2 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

4.34 mi

Genwa Korean Bbq

Korean, Barbeque

5.36 mi

Providence

American (New), Seafood, Asian Fusion

6.15 mi

Rating 404 reviews 870 reviews 134 reviews 167 reviews 365 reviews 835 reviews 100 reviews 421 reviews 563 reviews 329 reviews 1005 reviews 1333 reviews

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 10311 ORTON AVE, Los Angeles

$1,995,000

LISTING INFORMATION

Courtesy of Hilton & Hyland

MLS#: 13666547

Beds: 4

Sq Ft: 2,701

List Date: Apr 19, 2013

Status: Active

Baths: 4.00

Year Built:

DOM: 16

FEATURES Status details: Active; Zoning: LAR1; CDOM: 16; Number of units: 1; Spa: None; TB map code: 632E4; Appliances: Dishwasher,Electric Dryer Hookup,Freezer,Gas Dryer Hookup,Gas Or Electric Dryer Hookup,Refrigerator; Floors: Ceramic Tile,Hardwood,Tile (N); Cooling: Central A/C; Heating: Central Furnace; View: City Lights View; Patio: Patio Open; Lotsize: 7090; REMARKS Priced to sell immediately! Come home to this one-of-a-kind jewel in prime Westwood! This circa 1929 home exudes vintage charm. Beautifully situated on a view lot and dead end quiet street with almost 2701 sq ft, this immaculate 2- story home is illuminated by abundant natural light with peaceful views of Century City. This 4 bed 4 bath gem has been expertly and lovingly restored from the inside out with the highest quality materials and workmanship by an award-winning architectural restorer with a keen eye for detail. Westwood charter school district. Features of this home include: Huge master walk in closet, new plumbing, electrical, central air and heat, new tank-less water heater, beautiful custom ceramic tiles throughout, new irrigation, new gutters, new vintage lighting throughout, new double pane glass windows, new garage door, large new deck in backyard, new landscaping throughou...

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

Buyer Comments

10311 ORTON AVE, Los Angeles

$1,995,000

LISTING INFORMATION

Courtesy of Hilton & Hyland

MLS#: 13666547

Beds: 4

Sq Ft: 2,701

List Date: Apr 19, 2013

Status: Active

Baths: 4.00

Year Built:

DOM: 16

How do you rate this property? Comments:

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 10311 ORTON AVE, Los Angeles

$1,995,000

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 10311 ORTON AVE, Los Angeles

$1,995,000

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


CO

Area Schools 10311 ORTON AVE, Los Angeles School Le Lycee Francais de Los Angeles-Century City Elementary School

$1,995,000 Type

Phone

Distance

Private/K-1

(310) 553-7444

0.33 mi

Private/PK,K-8

(310) 474-1811

0.49 mi

Alt./9-12

(310) 551-5100

0.81 mi

Beverly Hills High School

Public/9-12

(310) 229-3685

0.82 mi

Overland Avenue Elementary School

Public/K-6

(310) 838-7308

0.97 mi

Westwood Elementary School

Charter/K-5

(310) 474-7788

1.02 mi

El Rodeo Elementary School

Public/K-8

(310) 229-3670

1.06 mi

Private/9-12

(310) 229-0936

1.07 mi

Private/PK,K-8

(310) 275-8601

1.11 mi

Public/K-5

(310) 470-1344

1.13 mi

St Timothy School Moreno High (Continuation) High School

Yeshiva University Of High School Of La Good Shepherd Catholic School Fairburn Avenue Elementary School See more information on Los Angeles schools from Education.com. ŠEducation.com, Inc. 2010. Use is subject to Terms of Service.

Data provided by

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


CO

Area Restaurants 10311 ORTON AVE, Los Angeles Name

$1,995,000 Type

Distance

Craft

American (New)

0.5 mi

Totoraku

Japanese

0.69 mi

Da Pasquale Restaurant

Italian, Pizza

1.23 mi

Pomodoro Trattoria

Italian

1.47 mi

Spago

American (New), Asian Fusion

1.53 mi

n/naka

Japanese

1.88 mi

Tagine

Moroccan

2.19 mi

Meals by Genet

Ethiopian

2.99 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

3.77 mi

Genwa Korean Bbq

Korean, Barbeque

4.39 mi

MĂŠlisse

French, Seafood

4.68 mi

Providence

American (New), Seafood, Asian Fusion

5.42 mi

Rating 870 reviews 134 reviews 167 reviews 404 reviews 835 reviews 100 reviews 421 reviews 326 reviews 329 reviews 1005 reviews 563 reviews 1333 reviews

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: 89

FEATURES Status details: Active; Zoning: LAR2; CDOM: 319; 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

Buyer Comments

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: 89

How do you rate this property? Comments:

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


CO

Area Schools 1841 BENECIA AVE, Los Angeles School

$1,755,000 Type

Phone

Distance

Fairburn Avenue Elementary School

Public/K-5

(310) 470-1344

0.62 mi

Sinai Akiba Academy

Private/K-8

(310) 475-6401

0.77 mi

Le Lycee Francais de Los Angeles-Century City Elementary School

Private/K-1

(310) 553-7444

0.8 mi

Alt./9-12

(310) 551-5100

0.83 mi

Private/PK,K-8

(310) 474-1811

0.83 mi

Westwood Elementary School

Charter/K-5

(310) 474-7788

0.85 mi

Beverly Hills High School

Public/9-12

(310) 229-3685

0.89 mi

El Rodeo Elementary School

Public/K-8

(310) 229-3670

0.91 mi

Ralph Waldo Emerson Middle School

Public/6-8

(310) 234-3100

0.95 mi

Private/K-8

(310) 474-1588

0.99 mi

Moreno High (Continuation) High School St Timothy School

St Paul The Apostle School See more information on Los Angeles schools from Education.com. ŠEducation.com, Inc. 2010. Use is subject to Terms of Service.

Data provided by

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


CO

Area Restaurants 1841 BENECIA AVE, Los Angeles Name

$1,755,000 Type

Distance

Craft

American (New)

0.47 mi

Totoraku

Japanese

0.94 mi

Pomodoro Trattoria

Italian

1.11 mi

Da Pasquale Restaurant

Italian, Pizza

1.16 mi

Il Pastaio Restaurant

Italian

1.58 mi

Spago

American (New), Asian Fusion

1.62 mi

n/naka

Japanese

2.26 mi

Tagine

Moroccan

2.37 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

3.89 mi

MĂŠlisse

French, Seafood

4.52 mi

Genwa Korean Bbq

Korean, Barbeque

4.69 mi

Providence

American (New), Seafood, Asian Fusion

5.62 mi

Rating 870 reviews 134 reviews 404 reviews 167 reviews 365 reviews 835 reviews 100 reviews 421 reviews 329 reviews 563 reviews 1005 reviews 1333 reviews

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 #R

Property Details 2342 Parnell Avenue, Los Angeles

$1,398,000

LISTING INFORMATION

Courtesy of Jibbco Investment Group

MLS#: RS13067451

Beds: 3

Sq Ft: 1,934

List Date: Apr 15, 2013

Status: Active

Baths: 2/1

Year Built: 1936

DOM: 20

FEATURES Status details: Active; CDOM: 20; Number of units: 1; Lot description: Curbs; Water: Water District,Public; Cooling: Central A/C; Heating: Central Furnace; Pool: No Pool; View: No View; Cross streets: Pico / Beverly Glen; Lotsize: 6074; Acres: 0.139; REMARKS Fabulous Remodeled and Updated Traditional home with Outstanding Floor Plan.3 Bd, 2.5 Ba including a fully updated master suite with access to back yard.Large Gourmet Cook's Kitchen with stainless steel appliances and breakfast areas.Great room with new recessed lighting and surround sound.Converted detached studio/garage with 1/2 bath, closets and new Bosch washer and dryer.Central Heat, A/C and Hardwood Floors.Lush landscaped yard and gardens.Walking distance to Westwood Charter School, close to UCLA and Century City.

Information is deemed reliable but not guaranteed.

Source: CARETS_MRMLS

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 #R

Buyer Comments

2342 Parnell Avenue, Los Angeles

$1,398,000

LISTING INFORMATION

Courtesy of Jibbco Investment Group

MLS#: RS13067451

Beds: 3

Sq Ft: 1,934

List Date: Apr 15, 2013

Status: Active

Baths: 2/1

Year Built: 1936

DOM: 20

How do you rate this property? Comments:

Information is deemed reliable but not guaranteed.

Source: CARETS_MRMLS

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 #R

Listing Photos 2342 Parnell Avenue, Los Angeles

$1,398,000

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 #R

More Listing Photos 2342 Parnell Avenue, Los Angeles

$1,398,000

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


CO

Area Schools 2342 Parnell Avenue, Los Angeles School St Timothy School

$1,398,000 Type

Phone

Distance

Private/PK,K-8

(310) 474-1811

0.24 mi

Overland Avenue Elementary School

Public/K-6

(310) 838-7308

0.42 mi

Le Lycee Francais de Los Angeles-Century City Elementary School

Private/K-1

(310) 553-7444

0.49 mi

Westwood Elementary School

Charter/K-5

(310) 474-7788

0.61 mi

Notre Dame Academy Girls High School

Private/9-12

(310) 839-5289

0.73 mi

Notre Dame Academy Elementary School

Private/K-8

(310) 287-3895

0.8 mi

Redeemer Baptist Elementary

Private/K-6

(310) 475-4598

0.96 mi

Global Montessori School Of Westwood Ralph Waldo Emerson Middle School Vista School See more information on Los Angeles schools from Education.com. ŠEducation.com, Inc. 2010. Use is subject to Terms of Service.

Private, Montessori/ PK,K

1.05 mi

Public/6-8

(310) 234-3100

1.11 mi

Private, Special Education/PK,K-12

(310) 836-1223

1.16 mi

Data provided by

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


CO

Area Restaurants 2342 Parnell Avenue, Los Angeles Name

$1,398,000 Type

Distance

Totoraku

Japanese

0.1 mi

Craft

American (New)

1.1 mi

Pomodoro Trattoria

Italian

1.34 mi

n/naka

Japanese

1.46 mi

Da Pasquale Restaurant

Italian, Pizza

1.83 mi

Spago

American (New), Asian Fusion

2.13 mi

Tagine

Moroccan

2.74 mi

Meals by Genet

Ethiopian

3.41 mi

MĂŠlisse

French, Seafood

4.19 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

4.35 mi

Genwa Korean Bbq

Korean, Barbeque

4.83 mi

Providence

American (New), Seafood, Asian Fusion

5.94 mi

Rating 134 reviews 870 reviews 404 reviews 100 reviews 167 reviews 835 reviews 421 reviews 326 reviews 563 reviews 329 reviews 1005 reviews 1333 reviews

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 2250 SELBY AVE, Los Angeles

$1,295,000

LISTING INFORMATION

Courtesy of Partners Trust Brentwood

MLS#: 13667373

Beds: 2

Sq Ft: 1,410

List Date: Apr 23, 2013

Status: Active

Baths: 2.00

Year Built: 1927

DOM: 12

FEATURES Status details: Active; Zoning: LAR1; CDOM: 60; Number of units: 1; Spa: Other,Other; TB map code: 632C5; Appliances: Dishwasher,Freezer,Garbage Disposal,Refrigerator; Floors: Hardwood; Cooling: Central A/C; Heating: Central Furnace; Pool: No Pool; Roof: Composition; View: Park Or Green Belt View; Patio: Patio Open; Lotsize: 6075; REMARKS Fabulous Remodeled home in prime Westwood! This home has been redone with no expense spared. Boasting hardwood floors throughout, a gourmet cooks kitchen with stainless steel appliances and breakfast room off kitchen, new bathrooms, new paint inside and out, fireplace in living room and new plumbing and electrical. There is also a converted garage with bonus room and fabulous deck overlooking the large backyard which is perfect for entertaining. Located only 2 blocks from Westwood Charter School and near shops and restaurants. Hurry this will not last!

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

Buyer Comments

2250 SELBY AVE, Los Angeles

$1,295,000

LISTING INFORMATION

Courtesy of Partners Trust Brentwood

MLS#: 13667373

Beds: 2

Sq Ft: 1,410

List Date: Apr 23, 2013

Status: Active

Baths: 2.00

Year Built: 1927

DOM: 12

How do you rate this property? Comments:

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 2250 SELBY AVE, Los Angeles

$1,295,000

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 2250 SELBY AVE, Los Angeles

$1,295,000

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


CO

Area Schools 2250 SELBY AVE, Los Angeles School Westwood Elementary School St Timothy School Overland Avenue Elementary School Global Montessori School Of Westwood Le Lycee Francais de Los Angeles-Century City Elementary School

$1,295,000 Type

Phone

Distance

Charter/K-5

(310) 474-7788

0.31 mi

Private/PK,K-8

(310) 474-1811

0.6 mi

Public/K-6

(310) 838-7308

0.61 mi

Private, Montessori/ PK,K

0.72 mi

Private/K-1

(310) 553-7444

0.83 mi

Public/6-8

(310) 234-3100

0.84 mi

Notre Dame Academy Girls High School

Private/9-12

(310) 839-5289

0.89 mi

St Paul The Apostle School

Private/K-8

(310) 474-1588

0.97 mi

Notre Dame Academy Elementary School

Private/K-8

(310) 287-3895

0.98 mi

Fairburn Avenue Elementary School

Public/K-5

(310) 470-1344

1.08 mi

Ralph Waldo Emerson Middle School

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

Data provided by

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


CO

Area Restaurants 2250 SELBY AVE, Los Angeles Name

$1,295,000 Type

Distance

Totoraku

Japanese

0.32 mi

Pomodoro Trattoria

Italian

1.12 mi

Craft

American (New)

1.25 mi

n/naka

Japanese

1.6 mi

Da Pasquale Restaurant

Italian, Pizza

2.0 mi

Spago

American (New), Asian Fusion

2.35 mi

Tagine

Moroccan

3.0 mi

Meals by Genet

Ethiopian

3.7 mi

MĂŠlisse

French, Seafood

3.9 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

4.59 mi

Genwa Korean Bbq

Korean, Barbeque

5.12 mi

Providence

American (New), Seafood, Asian Fusion

6.21 mi

Rating 134 reviews 404 reviews 870 reviews 100 reviews 167 reviews 835 reviews 421 reviews 326 reviews 563 reviews 329 reviews 1005 reviews 1333 reviews

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 10717 OHIO AVE, Los Angeles

$1,249,000

LISTING INFORMATION

Courtesy of Coldwell Banker-Brentwood

MLS#: 13663199

Beds: 2

Sq Ft: 1,445

List Date: Apr 8, 2013

Status: Active

Baths: 1.00

Year Built: 1940

DOM: 27

FEATURES Status details: Active; Zoning: LARD1.5; CDOM: 27; Number of units: 1; TB map code: 632C3; Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Floors: Hardwood; Cooling: None; Heating: Central Furnace; View: No View; Patio: Patio Open; Lotsize: 5919; REMARKS Unique opportunity in prime Westwood location. This RD 1.5 zoned property can ether be developed or lived in as is. The charming house is 2 bd /1 ba with fireplace, bay windows and a tranquil back yard.

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

Buyer Comments

10717 OHIO AVE, Los Angeles

$1,249,000

LISTING INFORMATION

Courtesy of Coldwell Banker-Brentwood

MLS#: 13663199

Beds: 2

Sq Ft: 1,445

List Date: Apr 8, 2013

Status: Active

Baths: 1.00

Year Built: 1940

DOM: 27

How do you rate this property? Comments:

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 10717 OHIO AVE, Los Angeles

$1,249,000

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


CO

Area Schools 10717 OHIO AVE, Los Angeles School St Paul The Apostle School

$1,249,000 Type

Phone

Distance

Private/K-8

(310) 474-1588

0.2 mi

Ralph Waldo Emerson Middle School

Public/6-8

(310) 234-3100

0.29 mi

Fairburn Avenue Elementary School

Public/K-5

(310) 470-1344

0.35 mi

Global Montessori School Of Westwood

Private, Montessori/ PK,K

0.62 mi

Sinai Akiba Academy

Private/K-8

(310) 475-6401

0.73 mi

Westwood Elementary School

Charter/K-5

(310) 474-7788

0.75 mi

Public/K-5

(310) 475-5893

0.9 mi

New Horizon School Westside

Private/PK,K-5

(310) 231-6092

1.21 mi

Nora Sterry Elementary School

Public/K-5

(310) 473-2172

1.24 mi

Private/9-12

(310) 472-1205

1.4 mi

Warner Avenue Elementary School

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

Data provided by

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


CO

Area Restaurants 10717 OHIO AVE, Los Angeles Name

$1,249,000 Type

Distance

Pomodoro Trattoria

Italian

0.39 mi

Craft

American (New)

1.19 mi

Totoraku

Japanese

1.24 mi

Da Pasquale Restaurant

Italian, Pizza

1.75 mi

Il Pastaio Restaurant

Italian

2.19 mi

Spago

American (New), Asian Fusion

2.28 mi

n/naka

Japanese

2.6 mi

Tagine

Moroccan

3.06 mi

MĂŠlisse

French, Seafood

3.92 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

4.53 mi

Genwa Korean Bbq

Korean, Barbeque

5.43 mi

Providence

American (New), Seafood, Asian Fusion

6.3 mi

Rating 404 reviews 870 reviews 134 reviews 167 reviews 365 reviews 835 reviews 100 reviews 421 reviews 563 reviews 329 reviews 1005 reviews 1333 reviews

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 2114 OVERLAND AVE, Los Angeles

$899,000

LISTING INFORMATION

Courtesy of Partners Trust Beverly Hills

MLS#: 13664303

Beds: 3

Sq Ft: 1,751

List Date: Apr 11, 2013

Status: Active

Baths: 2.00

Year Built: 1924

DOM: 24

FEATURES Status details: Active; Zoning: LAR1; CDOM: 24; Number of units: 1; Spa: Hot Tub; TB map code: 632C5; Appliances: Dishwasher,Dryer,Washer; Floors: Mixed (N); Cooling: Central A/C; Heating: Central Furnace; View: No View; Lotsize: 5404; REMARKS Remodel, expand or rebuild your dream home in the Westwood Charter School District. 3+2 (2 down, 1 up) and a den (currently being used as a bedroom). Living/Dining areas with high ceiling and fireplace. Spacious backyard with fruit trees. Please see Private Remarks for more information.

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

Buyer Comments

2114 OVERLAND AVE, Los Angeles

$899,000

LISTING INFORMATION

Courtesy of Partners Trust Beverly Hills

MLS#: 13664303

Beds: 3

Sq Ft: 1,751

List Date: Apr 11, 2013

Status: Active

Baths: 2.00

Year Built: 1924

DOM: 24

How do you rate this property? Comments:

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 2114 OVERLAND AVE, Los Angeles

$899,000

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 2114 OVERLAND AVE, Los Angeles

$899,000

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


CO

Area Schools 2114 OVERLAND AVE, Los Angeles School Westwood Elementary School Global Montessori School Of Westwood Ralph Waldo Emerson Middle School

$899,000 Type Charter/K-5

Phone (310) 474-7788

Private, Montessori/ PK,K

Distance 0.15 mi 0.59 mi

Public/6-8

(310) 234-3100

0.66 mi

Private/PK,K-8

(310) 474-1811

0.68 mi

St Paul The Apostle School

Private/K-8

(310) 474-1588

0.78 mi

Overland Avenue Elementary School

Public/K-6

(310) 838-7308

0.79 mi

Fairburn Avenue Elementary School

Public/K-5

(310) 470-1344

0.88 mi

Le Lycee Francais de Los Angeles-Century City Elementary School

Private/K-1

(310) 553-7444

0.88 mi

Notre Dame Academy Girls High School

Private/9-12

(310) 839-5289

1.09 mi

Notre Dame Academy Elementary School

Private/K-8

(310) 287-3895

1.17 mi

St Timothy School

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

Data provided by

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


CO

Area Restaurants 2114 OVERLAND AVE, Los Angeles Name

$899,000 Type

Distance

Totoraku

Japanese

0.46 mi

Pomodoro Trattoria

Italian

0.95 mi

Craft

American (New)

1.14 mi

n/naka

Japanese

1.79 mi

Da Pasquale Restaurant

Italian, Pizza

1.88 mi

Spago

American (New), Asian Fusion

2.27 mi

Il Pastaio Restaurant

Italian

2.28 mi

Tagine

Moroccan

2.95 mi

MĂŠlisse

French, Seafood

3.92 mi

Carlitos Gardel Restaurant

Argentine, Steakhouses

4.53 mi

Genwa Korean Bbq

Korean, Barbeque

5.13 mi

Providence

American (New), Seafood, Asian Fusion

6.18 mi

Rating 134 reviews 404 reviews 870 reviews 100 reviews 167 reviews 835 reviews 365 reviews 421 reviews 563 reviews 329 reviews 1005 reviews 1333 reviews

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.

Ownership 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.

Equity 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

How to Decide Which Home to Buy Buying a home is a long-term commitment. The home you buy should be affordable, yet offer the size, features and amenities you and your family want.

Affordability Your monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28% of gross monthly income. Your house payment and your debts should not exceed 36% of your income, including revolving credit, student loans, and child support. You should also be in the correct loan for your needs. A fixed rate is more expensive, but offers more protection than an adjustable rate mortgage that can reset to a higher amount, making your monthly payments higher. Also, consider the monthly operating costs of the home including utilities, HOA fees, landscaping, commuting, and other costs.

Location Location is about convenience, and you’ll pay a premium to be closer to work centers, parks, shopping and transportation. You can buy a smaller home, or you can buy a home in need of updates to get closer to where you need to be. Think about your commutes to frequent destinations, including jobs, schools, family and friends. To get “more house,” you may have to move further away from core city centers.

Features Make a list of must-have features so you can narrow your home search. A front porch, a two-car garage, hardwood floors, and eat-in kitchen can all add to the enjoyment of your home. Just as important is how your home is designed. The number of bedrooms and baths should suit your household members, and the layout should suit your lifestyle. If you like to entertain, you should have plenty of dining space and storage for dishes and cookware. If you frequently work at home, you’ll need a home office or at least a quiet designated workspace. Just make sure the home you choose allows room for your family to grow. Talk to your lender and see what you can qualify to buy, then talk with your real estate professional about the home you have in mind. With professional guidance, you should be able to find and buy the home of your dreams, where you’ll be happy for a long time to come.

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

Lower Price or Lower Interest Rate Which is better? In a buyer’s market, buyers wait for signs that prices are going lower. In a seller’s market, buyers don’t wait because they’re afraid prices will go higher. Both markets move on the fear of paying too much. Right now, buyers have the best of both worlds – home prices have rolled back to nearly a decade ago, and mortgage interest rates are at record lows. Yet, many buyers are still waiting for a sign that it’s the right time to buy. Should you wait for lower prices or lower interest rates before you jump in? Consider the following: The price of a home is fixed. Buyers have figured out that interest rates can change, so they wait for prices to go lower, but what they don’t realize is that prices have to drop significantly to equal a minor fluctuation in mortgage interest rates.

Mortgage Calulator A quick visit to a mortgage calculator will show you the following: • If you buy a home at $200,000 and a 30-year, fixed-rate mortgage at 4.5%, your monthly payment will be $1,013.37 and you’ll pay $164,813.42 in interest over the life of the loan. • The same home at 5% interest costs $1,073.64, a difference of $60.27 more per month and $186,511.57 in interest over the life of the loan. The difference in interest payments alone is $21,698.15. • If your home dropped 5% in value and you were able to buy it at $190,000 and 4.5% interest, your payment would be $962.70, a difference of $50.67 per month, with $156,572.75 in interest over the life of the loan. You’d save $50.67 per month than if you’d paid $200,000. • At 5%, your $190,000 home costs $1019.96, or $53.68 more per month than if you’d gotten the loan at 4.5%. Your interest payments would total $177,185.99 over the life of the loan. The difference in payments is $20,613.24. Home prices today are well below the peak of the housing boom in 2005, and mortgage interest rates are at all-time lows. Sooner or later one of them will move up. Why not buy while both are low?

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 Good News 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.

Credit Score 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.

First Time Buyers 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

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.

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?

Risk 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.

Reward 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

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

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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 May 5th, 2013