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This buyer tour booklet lists all the homes open in Westwood on Sunday March 31st, 2013
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Cloud CMA
Buyer Tour
PREPARED FOR
Westwood Homes Open House March 31st, 2013
MARCH 31, 2013
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
LISTINGSCloud CMA
Map of All Listings
MLS # Status Address Price
1 13660777 Active 1529 COMSTOCK AVE, Los Angeles $2,650,000
2 13642807 Active 317 BRONWOOD AVE, Los Angeles $1,299,900
3 13656115 Active 2250 SELBY AVE, Los Angeles $1,295,000
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
MLS#13660777
Cloud CMA
Property Details
$2,650,0001529 COMSTOCK AVE, Los Angeles
Courtesy of Keller Williams RealtyLISTING INFORMATION
MLS#: 13660777 Beds: 5 Sq Ft: 3,350 List Date: Mar 28, 2013
Status: Active Baths: 4.00 Year Built: 1935 DOM: 3
FEATURES
Status details: Active; Zoning: LAR1; CDOM: 3; Number of units: 1; TB map code: 632D3; Appliances:Dishwasher,Garbage Disposal,Refrigerator,Washer; Floors: Hardwood; Cooling: Central A/C,Zoned A/C; Heating: CentralFurnace; View: City Lights View; Patio: Patio Open; Lotsize: 6952;
REMARKS
Contemporary updating meets English charm in Comstock Hills. This bright modern, renovated gem has an open floor plan &many new features including updated kitchen w/ Caesarstone counter tops, Subzero refrigerator, Viking six burner range andViking range hood. Recessed Sonance speakers indoor/outdoor, security cameras, alarm, ethernet/Cat 5 wiring throughout andoversize finished garage. Entertainers dream with double French doors opening to an outdoor patio w/ kitchen, saltwater pool &spa controlled by Jandy remote control system. The large master suite overlooks the pool with romantic fireplace, his/hersclosets. Master bathroom boasts Waterworks spa tub, Ann Sacks tile and radiant heated floors. Kitchen opens to family roomwith surround sound and a charming powder room. Upstairs are three children's bedrooms, one with a dutch door leading to a"secret' playroom. This desirable...
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13660777
How do you rate this property?
Cloud CMA
Buyer Comments
$2,650,0001529 COMSTOCK AVE, Los Angeles
Courtesy of Keller Williams RealtyLISTING INFORMATION
MLS#: 13660777 Beds: 5 Sq Ft: 3,350 List Date: Mar 28, 2013
Status: Active Baths: 4.00 Year Built: 1935 DOM: 3
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13660777
Cloud CMA
Listing Photos
$2,650,0001529 COMSTOCK AVE, Los Angeles
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13660777
Cloud CMA
More Listing Photos
$2,650,0001529 COMSTOCK AVE, Los Angeles
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
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
COMMUNITYCloud CMA
Area Restaurants
$2,650,0001529 COMSTOCK AVE, Los Angeles
Name Type Distance Rating
Craft American (New) 0.54 mi851 reviews
Da Pasquale Restaurant Italian, Pizza 0.97 mi159 reviews
Totoraku Japanese 1.34 mi135 reviews
Piccolo Paradiso Italian 1.42 mi106 reviews
Spago American (New), Asian Fusion 1.51 mi824 reviews
Il Cielo Italian, Venues & Event Spaces, Lounges 2.12 mi377 reviews
Tagine Moroccan 2.31 mi413 reviews
Awash Restaurant Ethiopian 3.1 mi197 reviews
Meals by Genet Ethiopian 3.39 mi323 reviews
Mélisse French, Seafood 4.7 mi552 reviews
Genwa Korean Bbq Korean, Barbeque 4.72 mi961 reviews
Providence American (New), Seafood, Asian Fusion 5.54 mi1317 reviews
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13642807
Cloud CMA
Property Details
$1,299,900317 BRONWOOD AVE, Los Angeles
Courtesy of Rodeo Realty - Beverly HillsLISTING INFORMATION
MLS#: 13642807 Beds: 3 Sq Ft: 1,551 List Date: Jan 3, 2013
Status: Active Baths: 2.00 Year Built: 1951 DOM: 87
FEATURES
Status details: Active; Zoning: LAR1; CDOM: 87; 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 and LAND of the vacant, gutted home (no sinks, toilets, counters, etc) is simply the intrinsic "value" of thishouse. Lot is way bigger than it looks. Hardwood floors in all 3 bedrooms only. Elderly owners planned to renovate and couldnot 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 myselfso "be kind"! All reports AND eradication have been completed by insurance co (asbestos, air samples, etc). I also have floorplan. Contractor bids have ranged from $130,00 - $160,000. This is an investors DREAM but not a flip. When done, thishouse should be worth $1.5 +++ AGENTS, READ PVT REMARKS!!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13642807
How do you rate this property?
Cloud CMA
Buyer Comments
$1,299,900317 BRONWOOD AVE, Los Angeles
Courtesy of Rodeo Realty - Beverly HillsLISTING INFORMATION
MLS#: 13642807 Beds: 3 Sq Ft: 1,551 List Date: Jan 3, 2013
Status: Active Baths: 2.00 Year Built: 1951 DOM: 87
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13642807
Cloud CMA
Listing Photos
$1,299,900317 BRONWOOD AVE, Los Angeles
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$1,299,900317 BRONWOOD AVE, Los Angeles
Name Type Distance Rating
The Restaurant at the Getty Center American (New) 0.97 mi183 reviews
Vincenti Ristorante Italian 1.34 mi78 reviews
Craft American (New) 2.76 mi851 reviews
Totoraku Japanese 2.91 mi135 reviews
Da Pasquale Restaurant Italian, Pizza 3.06 mi159 reviews
Mélisse French, Seafood 3.59 mi552 reviews
Piccolo Paradiso Italian 3.59 mi106 reviews
Spago American (New), Asian Fusion 3.65 mi824 reviews
Tagine Moroccan 4.46 mi413 reviews
Okumura Restaurant Sushi Bars, Japanese 6.87 mi44 reviews
Genwa Korean Bbq Korean, Barbeque 6.91 mi961 reviews
Providence American (New), Seafood, Asian Fusion 7.58 mi1317 reviews
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13656115
Cloud CMA
Property Details
$1,295,0002250 SELBY AVE, Los Angeles
Courtesy of Partners Trust BrentwoodLISTING INFORMATION
MLS#: 13656115 Beds: 2 Sq Ft: 1,410 List Date: Mar 6, 2013
Status: Active Baths: 2.00 Year Built: 1927 DOM: 25
FEATURES
Status details: Active; Zoning: LAR1; CDOM: 25; 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 floorsthroughout, a gourmet cooks kitchen with stainless steel appliances and breakfast room off kitchen, new bathrooms, new paintinside and out, fireplace in living room and new plumbing and electrical. There is also a converted garage with bonus room andfabulous deck overlooking the large backyard which is perfect for entertaining. Located only 2 blocks from Westwood CharterSchool and near shops and restaurants. Hurry this will not last!
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13656115
How do you rate this property?
Cloud CMA
Buyer Comments
$1,295,0002250 SELBY AVE, Los Angeles
Courtesy of Partners Trust BrentwoodLISTING INFORMATION
MLS#: 13656115 Beds: 2 Sq Ft: 1,410 List Date: Mar 6, 2013
Status: Active Baths: 2.00 Year Built: 1927 DOM: 25
Comments:
Source: CARETS_CLAWInformation is deemed reliable but not guaranteed.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13656115
Cloud CMA
Listing Photos
$1,295,0002250 SELBY AVE, Los Angeles
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
MLS#13656115
Cloud CMA
More Listing Photos
$1,295,0002250 SELBY AVE, Los Angeles
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
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
COMMUNITYCloud CMA
Area Restaurants
$1,295,0002250 SELBY AVE, Los Angeles
Name Type Distance Rating
Totoraku Japanese 0.32 mi135 reviews
Craft American (New) 1.25 mi851 reviews
n/naka Japanese 1.6 mi91 reviews
Da Pasquale Restaurant Italian, Pizza 2.0 mi159 reviews
Piccolo Paradiso Italian 2.2 mi106 reviews
Spago American (New), Asian Fusion 2.35 mi824 reviews
Tagine Moroccan 3.0 mi413 reviews
Awash Restaurant Ethiopian 3.3 mi197 reviews
Meals by Genet Ethiopian 3.7 mi323 reviews
Mélisse French, Seafood 3.9 mi552 reviews
Genwa Korean Bbq Korean, Barbeque 5.12 mi961 reviews
Providence American (New), Seafood, Asian Fusion 6.21 mi1317 reviews
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
INFOCloud CMA
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. Butthe 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 primaryreason buyers cite for purchasing a home is simply the desire to own, followed closely by the desire for more space, and a change inthe family situation.
For most people, buying a home is more about giving household members more comfortable living arrangements and putting themcloser 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 ofliving experience, such as moving from an apartment to a single-family home with a private garage and yard. Your family may begrowing, 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 eventuallyallow 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 morehome for the money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factor intax 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 longestperiod of time, as it’s been proven that the longer you own a home, the more equity you’ll build. Today’s market conditions andaffordability, 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 | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
INFOCloud CMA
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 asthe type of loan you choose. Other factors that impact how much home you can buy is the down payment; smaller down paymentsmean higher monthly payments. Last, the interest rate and terms (30-year, fixed or adjustable rate) will determine what you canafford 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 moreexterior 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 withthe type of home you want to buy. Your agent has house-by-house experience in your neighborhood and can offer the best advice onhomes 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 theactivities 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 fora price reduction, but if it’s new on the market, the seller is unlikely to accept a low offer. Ask your real estate professional foradvice.
Get an inspection - A home inspection is a professional third-party opinion of the home’s condition. The inspector will point outthe 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 willrefuse 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 titlecompany, real estate attorney, or whatever is customary in your area. All paperwork is signed by both parties. The lender pays theseller, minus any liens against the home such as the seller’s mortgage. Once all the disbursements have been made, you get the keysto your new home, according to your agreement.
Congratulations! You’re ready to move into your new home.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
INFOCloud CMA
Making an Offer
Before you submit an offer, have your agent pull up the most recent sold comparables (CMA) within a reasonable radius of thehome, 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 orfalling.
• 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 isthe 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 away 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 yourstrengths as a buyer in terms of creditworthiness, flexibility in closing, and why you love this home. Include a copy of yourcomparables 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 sweetenthe 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 (aguarantee 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 | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
INFOCloud CMA
Your Down Payment
Lately, it’s been in the news that credit is tight, but if you believe that you need 20% down and perfect credit to buy a home, youmay have good news coming.
Loans are available with as little as zero down through the Veterans Administration, for veterans and active-duty military. FHA hasprograms 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. Forexample, 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. Thelarger 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 moneydown.
It also matters where the down payment money is coming from. Lenders expect first-time buyers to get help from family to buy ahome, 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 alink to national organizations that may be of help. Also, check your local housing authority to see if there are grants available inyour area.
Talk to your lender before you make an offer. Get prequalified, and be up front about the source of your down payment money. Agood lender will explain the true costs of borrowing to you so you can comfortably afford the home you want as well as the monthlypayments.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
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Scott McIntoshColdwell Banker
DRE number 01759826
Mobile 310-500-6107
Web www.scott-mcintosh.com
E-mail [email protected]
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, LACA 90049
Office 310-979-3942
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Contact Me
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
