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This buyer tour booklet lists all the condos open in Westwood on Sunday May 26th, 2013
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Cloud CMA
Buyer Tour
PREPARED FOR
Westwood Condos Open House May 26th, 2013
MAY 24, 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
INFOCloud CMA
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 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
LISTINGSCloud CMA
Map of All Listings
MLS # Status Address Price
1 13671439 Active 1520 S BEVERLY GLEN BLVD, Unit 107, Los Angeles $1,199,000
2 13664897 Active 1936 PELHAM AVE, Unit 202, Los Angeles $699,000
3 13671681 Active 2015 S BEVERLY GLEN, Unit 302, Los Angeles $699,000
4 13672513 Active 10633 KINNARD AVE, Unit 13, Los Angeles $649,000
5 13658377 Active 1639 CAMDEN AVE, Unit 301, Los Angeles $599,000
6 13673619 Active 10396 ALMAYO AVE, Unit 1, Los Angeles $525,000
7 13669647 Active 1722 MALCOLM AVE, Unit 206, Los Angeles $495,000
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#13671439
Cloud CMA
Property Details
$1,199,0001520 S BEVERLY GLEN BLVD, Unit 107, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
MLS#: 13671439 Beds: 3 Sq Ft: 2,160 List Date: May 9, 2013
Status: Active Baths: 3.00 Year Built: 1983 DOM: 15
FEATURES
Status details: Active; Assoc name: The Concord; Zoning: LAR3; CDOM: 15; Number of units: 45; HOA: $745;Assoc amenities: Assoc Maintains Landscape,Assoc Pet Rules,Gym/Ex Room,Storage Area,Fitness Center,Gated CommunityGuard,Gated Parking,Security; TB map code: 6323; Appliances: Dishwasher,Dryer,Electric DryerHookup,Freezer,Garbage Disposal,Gas Dryer Hookup,Gas Or Electric Dryer Hookup,Ice Maker,Recirculated ExhaustFan,Refrigerator,Washer,Water Line to Refrigerator; Interior: Elevator,Intercom,Phone System,Bar; Floors: Carpet,Marble;Cooling: Air Conditioning,Central A/C,Wall Unit(s);
REMARKS
Bright, spacious, open, artistic two-level home. High ceilings. Enjoy honed, onyx floors, custom built-in serving bar and cook'skitchen. Luxurious, custom finishes throughout. Cozy fireplace. Two large master suites, ample closet space and severalbalconies. Extra 596 sq. ft. bonus area (may not permitted) make a total of 4 bedrooms and 4 bathrooms. Large, on-site 250 sq.ft. bonus storage room. Amenities include a heated pool and spa with a fully equipped gym. Located in the sought afterConcord. Security guard, video entry and cameras throughout. Ample guest parking. Great location. Fab Wilshire corridoralternative. In the highly rated Fairburn Elementary School district.
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#13671439
How do you rate this property?
Cloud CMA
Buyer Comments
$1,199,0001520 S BEVERLY GLEN BLVD, Unit 107, Los Angeles
Courtesy of Teles Properties, Inc.LISTING INFORMATION
MLS#: 13671439 Beds: 3 Sq Ft: 2,160 List Date: May 9, 2013
Status: Active Baths: 3.00 Year Built: 1983 DOM: 15
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#13671439
Cloud CMA
Listing Photos
$1,199,0001520 S BEVERLY GLEN BLVD, Unit 107, 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#13671439
Cloud CMA
More Listing Photos
$1,199,0001520 S BEVERLY GLEN BLVD, Unit 107, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$1,199,0001520 S BEVERLY GLEN BLVD, Unit 107, Los Angeles
School Type Phone Distance
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.45 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.48 mi
El Rodeo Elementary School Public/K-8 (310) 229-3670 0.83 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.86 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.92 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.93 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.94 mi
Beverly Hills High School Public/9-12 (310) 229-3685 0.95 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 1.0 mi
Le Lycee Francais de Los Angeles-Century City ElementarySchool
Private/K-1 (310) 553-7444 1.1 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$1,199,0001520 S BEVERLY GLEN BLVD, Unit 107, Los Angeles
Name Type Distance Rating
Craft American (New) 0.57 mi890 reviews
Pomodoro Trattoria Italian 1.06 mi411 reviews
Da Pasquale Restaurant Italian, Pizza 1.09 mi170 reviews
Totoraku Japanese 1.21 mi136 reviews
Il Pastaio Restaurant Italian 1.53 mi374 reviews
Spago American (New), Asian Fusion, Japanese 1.62 mi850 reviews
Tagine Moroccan 2.4 mi429 reviews
n/naka Japanese 2.56 mi104 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 3.87 mi334 reviews
Mélisse French, Seafood 4.57 mi566 reviews
Genwa Korean Bbq Korean, Barbeque 4.79 mi1024 reviews
Providence American (New), Seafood, Food Delivery Services 5.64 mi1353 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#13664897
Cloud CMA
Property Details
$699,0001936 PELHAM AVE, Unit 202, Los Angeles
Courtesy of Klein Real EstateLISTING INFORMATION
MLS#: 13664897 Beds: 2 Sq Ft: 1,707 List Date: Apr 12, 2013
Status: Active Baths: 2.00 Year Built: 1989 DOM: 42
FEATURES
Status details: Active; Assoc name: Pelham Royale; Zoning: LAR3; CDOM: 42; Number of units: 6; Mello Roos:No; HOA: $500; Spa: None; Assoc amenities: Controlled Access,Storage Area,Gated Parking; TB map code: 632C4;Water: Public; Appliances: Dishwasher,Dryer,Garbage Disposal,Vented Exhaust Fan,Washer; Interior: High Ceilings (9Feet+),Living Room Deck Attached,Elevator,Living Room Balcony; Floors: Carpet,Hardwood,Linoleum; Cooling: CentralA/C; Heating: Central Furnace; Kitchen: Tile Counters (N); Pool: No Pool; Roof: Composition; View: City View;Cross streets: MISSOURI & LA GRANGE;
REMARKS
New price and a great value for this spacious (approx. 1707 sq. ft.) centrally located 2 Bedroom + Den, 2 Bath front unit in agated luxurious condominium with intercom and is in the highly acclaimed Westwood Charter School District. Unit has manyspecial amenities including: central air/heat, 9 ft. ceilings, side by side washer/dryer, front and rear balconies, wood burning andgas fireplace in living room, hardwood floors in dining area and den, plantation shutters, jetted tub in master bath, extra closetsand storage in unit and subterranean garage, gas range/microwave/dishwasher/hood/garbage disposal in kitchen and privatemonitored security system. Building has renovated lobby, elevator and one guest parking. Walkable to the Westside Pavilion,dining and shopping on Pico and Westwood Blvds. Easy access to the 10 & 405 freeways. This home has been well maintainedby original owne...
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#13664897
How do you rate this property?
Cloud CMA
Buyer Comments
$699,0001936 PELHAM AVE, Unit 202, Los Angeles
Courtesy of Klein Real EstateLISTING INFORMATION
MLS#: 13664897 Beds: 2 Sq Ft: 1,707 List Date: Apr 12, 2013
Status: Active Baths: 2.00 Year Built: 1989 DOM: 42
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#13664897
Cloud CMA
Listing Photos
$699,0001936 PELHAM AVE, Unit 202, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$699,0001936 PELHAM AVE, Unit 202, Los Angeles
School Type Phone Distance
Westwood Elementary School Charter/K-5 (310) 474-7788 0.19 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.47 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K0.51 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.59 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.67 mi
St Timothy School Private/PK,K-8 (310) 474-1811 0.83 mi
Le Lycee Francais de Los Angeles-Century City ElementarySchool
Private/K-1 (310) 553-7444 0.98 mi
Overland Avenue Elementary School Public/K-6 (310) 838-7308 1.0 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 1.08 mi
New Horizon School Westside Private/PK,K-5 (310) 231-6092 1.2 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$699,0001936 PELHAM AVE, Unit 202, Los Angeles
Name Type Distance Rating
Totoraku Japanese 0.65 mi136 reviews
Pomodoro Trattoria Italian 0.78 mi411 reviews
Craft American (New) 1.06 mi890 reviews
Da Pasquale Restaurant Italian, Pizza 1.77 mi170 reviews
n/naka Japanese 2.0 mi104 reviews
Spago American (New), Asian Fusion, Japanese 2.21 mi850 reviews
Tagine Moroccan 2.92 mi429 reviews
Meals by Genet Ethiopian 3.76 mi329 reviews
Mélisse French, Seafood 3.94 mi566 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.48 mi334 reviews
Genwa Korean Bbq Korean, Barbeque 5.16 mi1024 reviews
Providence American (New), Seafood, Food Delivery Services 6.17 mi1353 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#13671681
Cloud CMA
Property Details
$699,0002015 S BEVERLY GLEN, Unit 302, Los Angeles
Courtesy of Sotheby's International RealtyLISTING INFORMATION
MLS#: 13671681 Beds: 2 Sq Ft: 1,330 List Date: May 10, 2013
Status: Active Baths: 2.50 Year Built: 1995 DOM: 14
FEATURES
Status details: Active; Assoc name: Beverly Crown; Zoning: LAR3; CDOM: 14; Number of units: 7; HOA: $350;Assoc amenities: Controlled Access; TB map code: 632D4; Appliances: Dishwasher,Dryer,GarbageDisposal,Refrigerator,Washer; Floors: Carpet,Marble,Tile (N); Cooling: Central A/C; Heating: Central Furnace; Pool: NoPool; View: City Lights View; Lotsize: 6260;
REMARKS
Stunning Move-In ready Corner Unit with dramatic Century City Skyline Views offering lux formal entry, high ceilings withcrown moldings, lots of light bright open space, 2 balconies, open kitchen bar area, kitchen eating area, powder room, guestbedroom and bath, big master with spa-like bathroom, storage area, controlled access and walking distance to Movies and finedining in Century City! Great location to get to any LA destination - A must see!
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#13671681
How do you rate this property?
Cloud CMA
Buyer Comments
$699,0002015 S BEVERLY GLEN, Unit 302, Los Angeles
Courtesy of Sotheby's International RealtyLISTING INFORMATION
MLS#: 13671681 Beds: 2 Sq Ft: 1,330 List Date: May 10, 2013
Status: Active Baths: 2.50 Year Built: 1995 DOM: 14
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#13671681
Cloud CMA
Listing Photos
$699,0002015 S BEVERLY GLEN, Unit 302, 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#13671681
Cloud CMA
More Listing Photos
$699,0002015 S BEVERLY GLEN, Unit 302, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$699,0002015 S BEVERLY GLEN, Unit 302, Los Angeles
School Type Phone Distance
St Timothy School Private/PK,K-8 (310) 474-1811 0.58 mi
Le Lycee Francais de Los Angeles-Century City ElementarySchool
Private/K-1 (310) 553-7444 0.6 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.67 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.75 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.93 mi
Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.99 mi
Moreno High (Continuation) High School Alt./9-12 (310) 551-5100 0.99 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 1.0 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 1.01 mi
Beverly Hills High School Public/9-12 (310) 229-3685 1.04 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$699,0002015 S BEVERLY GLEN, Unit 302, Los Angeles
Name Type Distance Rating
Craft American (New) 0.62 mi890 reviews
Totoraku Japanese 0.67 mi136 reviews
Pomodoro Trattoria Italian 1.12 mi411 reviews
Da Pasquale Restaurant Italian, Pizza 1.35 mi170 reviews
Spago American (New), Asian Fusion, Japanese 1.75 mi850 reviews
n/naka Japanese 2.0 mi104 reviews
Tagine Moroccan 2.46 mi429 reviews
Meals by Genet Ethiopian 3.33 mi329 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.02 mi334 reviews
Mélisse French, Seafood 4.4 mi566 reviews
Genwa Korean Bbq Korean, Barbeque 4.72 mi1024 reviews
Providence American (New), Seafood, Food Delivery Services 5.71 mi1353 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#13672513
Cloud CMA
Property Details
$649,00010633 KINNARD AVE, Unit 13, Los Angeles
Courtesy of Nelson Shelton & AssociatesLISTING INFORMATION
MLS#: 13672513 Beds: 2 Sq Ft: 1,395 List Date: May 14, 2013
Status: Active Baths: 2.00 Year Built: 1964 DOM: 10
FEATURES
Status details: Active; Assoc name: Kinnard Property; Zoning: LAR3; CDOM: 29; Number of units: 24; HOA:$471; Assoc amenities: Gated Parking; TB map code: 632C3; Interior: Other; Floors: Ceramic Tile,Hardwood;Cooling: Central A/C; Heating: Central Furnace; Pool: No Pool; View: City Lights View; Lotsize: 20071;
REMARKS
Great Westwood location, quiet but still close to all great areas, you are going to love this great neighborhood!!! Gorgeous frontunit condo on a beautiful tree-lined street. 2 large en suite bedrooms each with its own balcony and its own bathroom, veryspacious with lots of closets. Close to UCLA and upscale shopping centers. Wont last long!!!!!
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#13672513
How do you rate this property?
Cloud CMA
Buyer Comments
$649,00010633 KINNARD AVE, Unit 13, Los Angeles
Courtesy of Nelson Shelton & AssociatesLISTING INFORMATION
MLS#: 13672513 Beds: 2 Sq Ft: 1,395 List Date: May 14, 2013
Status: Active Baths: 2.00 Year Built: 1964 DOM: 10
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#13672513
Cloud CMA
Listing Photos
$649,00010633 KINNARD AVE, Unit 13, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$649,00010633 KINNARD AVE, Unit 13, Los Angeles
School Type Phone Distance
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.26 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.31 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.32 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.6 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K0.61 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 0.7 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 0.98 mi
St Timothy School Private/PK,K-8 (310) 474-1811 1.2 mi
New Horizon School Westside Private/PK,K-5 (310) 231-6092 1.28 mi
Le Lycee Francais de Los Angeles-Century City ElementarySchool
Private/K-1 (310) 553-7444 1.3 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$649,00010633 KINNARD AVE, Unit 13, Los Angeles
Name Type Distance Rating
Pomodoro Trattoria Italian 0.54 mi411 reviews
Craft American (New) 1.03 mi890 reviews
Totoraku Japanese 1.07 mi136 reviews
Da Pasquale Restaurant Italian, Pizza 1.63 mi170 reviews
Il Pastaio Restaurant Italian 2.08 mi374 reviews
Spago American (New), Asian Fusion, Japanese 2.15 mi850 reviews
n/naka Japanese 2.44 mi104 reviews
Tagine Moroccan 2.92 mi429 reviews
Mélisse French, Seafood 4.02 mi566 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.41 mi334 reviews
Genwa Korean Bbq Korean, Barbeque 5.26 mi1024 reviews
Providence American (New), Seafood, Food Delivery Services 6.16 mi1353 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#13658377
Cloud CMA
Property Details
$599,0001639 CAMDEN AVE, Unit 301, Los Angeles
Courtesy of Keller Williams-Santa MonicaLISTING INFORMATION
MLS#: 13658377 Beds: 2 Sq Ft: 1,021 List Date: Mar 15, 2013
Status: Active Baths: 2/0 Year Built: 1988 DOM: 70
FEATURES
Status details: Active; Assoc name: Camden Avenue Condos; Zoning: LAR3; CDOM: 70; Number of units: 8; HOA:$452; Lot description: Walk Street; Assoc amenities: Assoc Maintains Landscape; TB map code: 632B4; Appliances:Dishwasher,Dryer,Garbage Disposal,Ice Maker,Refrigerator,Vented Exhaust Fan,Washer,Water Line to Refrigerator; Floors:Hardwood; Cooling: Air Conditioning; Heating: Central Furnace; Pool: No Pool; View: City Lights View; Lotsize:6948;
REMARKS
Beautiful 8 unit Condo Conversion. #301 is vacant & staged. all other units are occupied & require 24-48 hr notice to show. AllUnits Include: 2 bed /2 bath - 2 Car Subterranean parking - Kitchen Granite counters - Stainless Steel Refrigerator &Dishwasher - Stainless Steel gas range & Microwave - Washer & dryer in unit - Bath Travertine Counters - Pristine tub & tile -Recessed lighting, light fixtures - Central heat & air - Fireplace - Cosmetically renovated elevator - Large closet space - balcony /patio - Vaulted ceilings (units 301,302,303) (unit #303 has loft) see website (1639camden.com) - photos are of staged unit#301 only. Please be specific about #unit you want to see when calling LA.
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#13658377
How do you rate this property?
Cloud CMA
Buyer Comments
$599,0001639 CAMDEN AVE, Unit 301, Los Angeles
Courtesy of Keller Williams-Santa MonicaLISTING INFORMATION
MLS#: 13658377 Beds: 2 Sq Ft: 1,021 List Date: Mar 15, 2013
Status: Active Baths: 2/0 Year Built: 1988 DOM: 70
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#13658377
Cloud CMA
Listing Photos
$599,0001639 CAMDEN AVE, Unit 301, 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#13658377
Cloud CMA
More Listing Photos
$599,0001639 CAMDEN AVE, Unit 301, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$599,0001639 CAMDEN AVE, Unit 301, Los Angeles
School Type Phone Distance
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K0.42 mi
New Horizon School Westside Private/PK,K-5 (310) 231-6092 0.44 mi
Nora Sterry Elementary School Public/K-5 (310) 473-2172 0.46 mi
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.58 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.59 mi
St Sebastian School Private/1-8 (310) 473-3337 0.86 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.86 mi
West L A Baptist School Private/7-12 (310) 826-2050 0.93 mi
Indian Springs Continuation Alt./9-12 (310) 914-3600 1.0 mi
New Roads Elementary School Private/K-5 (310) 479-8500 1.01 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$599,0001639 CAMDEN AVE, Unit 301, Los Angeles
Name Type Distance Rating
Pomodoro Trattoria Italian 0.44 mi411 reviews
Totoraku Japanese 1.27 mi136 reviews
Craft American (New) 1.77 mi890 reviews
Da Pasquale Restaurant Italian, Pizza 2.42 mi170 reviews
n/naka Japanese 2.43 mi104 reviews
The Restaurant at the Getty Center American (New) 2.72 mi192 reviews
Spago American (New), Asian Fusion, Japanese 2.91 mi850 reviews
Mélisse French, Seafood 3.24 mi566 reviews
Tagine Moroccan 3.66 mi429 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 5.18 mi334 reviews
Genwa Korean Bbq Korean, Barbeque 5.93 mi1024 reviews
Providence American (New), Seafood, Food Delivery Services 6.91 mi1353 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#13673619
Cloud CMA
Property Details
$525,00010396 ALMAYO AVE, Unit 1, Los Angeles
Courtesy of Partners Trust BrentwoodLISTING INFORMATION
MLS#: 13673619 Beds: 2 Sq Ft: 1,216 List Date: May 19, 2013
Status: Active Baths: 1.50 Year Built: 1968 DOM: 5
FEATURES
Status details: Active; Assoc name: Almayo Treehouse; Zoning: LAR3; CDOM: 5; Number of units: 5; HOA:$440; Assoc amenities: None (N); TB map code: 632E5; Appliances: None; Interior: None (N); Floors: Wood;Cooling: Air Conditioning; Heating: Central Furnace; Pool: No Pool; View: Park Or Green Belt View; Lotsize: 6205;
REMARKS
Light and bright front unit townhouse with only one common wall. Vaulted ceilings, patio, balcony, washer and dryer insidethe unit. Recently upgraded with wood floors, smooth ceilings, recessed lighting, surround sound speakers, and new bathroomtile. Spacious master bedroom with huge walk-in closet. Air conditioning. Westwood Charter School District. Close to RanchoPark Golf Course. This one has it all and is ready to move in. Great location convenient to Century City shopping, theatres andrestaurants. Easy access to the entire Westside.
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#13673619
How do you rate this property?
Cloud CMA
Buyer Comments
$525,00010396 ALMAYO AVE, Unit 1, Los Angeles
Courtesy of Partners Trust BrentwoodLISTING INFORMATION
MLS#: 13673619 Beds: 2 Sq Ft: 1,216 List Date: May 19, 2013
Status: Active Baths: 1.50 Year Built: 1968 DOM: 5
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#13673619
Cloud CMA
Listing Photos
$525,00010396 ALMAYO AVE, Unit 1, 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#13673619
Cloud CMA
More Listing Photos
$525,00010396 ALMAYO AVE, Unit 1, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$525,00010396 ALMAYO AVE, Unit 1, Los Angeles
School Type Phone Distance
Le Lycee Francais de Los Angeles-Century City ElementarySchool
Private/K-1 (310) 553-7444 0.07 mi
St Timothy School Private/PK,K-8 (310) 474-1811 0.19 mi
Overland Avenue Elementary School Public/K-6 (310) 838-7308 0.65 mi
Notre Dame Academy Girls High School Private/9-12 (310) 839-5289 0.89 mi
Notre Dame Academy Elementary School Private/K-8 (310) 287-3895 0.94 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.96 mi
Vista SchoolPrivate, Special
Education/PK,K-12(310) 836-1223 1.08 mi
Julia Ann Singer Therapeutic SchoolPrivate, Special
Education/PK, K-4(310) 836-1223 1.08 mi
Beverly Hills High School Public/9-12 (310) 229-3685 1.12 mi
Redeemer Baptist Elementary Private/K-6 (310) 475-4598 1.13 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$525,00010396 ALMAYO AVE, Unit 1, Los Angeles
Name Type Distance Rating
Totoraku Japanese 0.41 mi136 reviews
Craft American (New) 0.83 mi890 reviews
Pomodoro Trattoria Italian 1.54 mi411 reviews
Da Pasquale Restaurant Italian, Pizza 1.54 mi170 reviews
n/naka Japanese 1.55 mi104 reviews
Spago American (New), Asian Fusion, Japanese 1.79 mi850 reviews
Tagine Moroccan 2.38 mi429 reviews
Meals by Genet Ethiopian 3.07 mi329 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 3.99 mi334 reviews
Genwa Korean Bbq Korean, Barbeque 4.48 mi1024 reviews
Mélisse French, Seafood 4.54 mi566 reviews
Providence American (New), Seafood, Food Delivery Services 5.58 mi1353 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#13669647
Cloud CMA
Property Details
$495,0001722 MALCOLM AVE, Unit 206, Los Angeles
Courtesy of Prudential CA - BrentwoodLISTING INFORMATION
MLS#: 13669647 Beds: 1 Sq Ft: 825 List Date: May 2, 2013
Status: Active Baths: 1.50 Year Built: 1985 DOM: 22
FEATURES
Status details: Active; Assoc name: The Malcolm Westwood; CDOM: 22; Number of units: 20; HOA: $354; Assocamenities: Banquet Facilities,Controlled Access,Gym/Ex Room,Storage Area,Sauna,Security; TB map code: 632C4;Appliances: Dishwasher,Dryer,Garbage Disposal,Refrigerator,Washer; Interior: Intercom; Floors: Carpet,Stone (N);Cooling: Central A/C; Heating: Central Furnace; Pool: No Pool; View: No View;
REMARKS
Fabulous 1 bedroom / 1.5 bathroom unit in prime Westwood location! Remodeled throughout with recessed lighting, crownmolding, granite countertops and stainless steel appliances. Quiet and private rear corner unit with unique access to 2 patios, afully-equipped gym, sauna, and spacious banquet room. Master bedroom suite features recessed lighting, a walk-in closet withbuilt-ins and an attached bathroom. Open Kitchen features a breakfast bar. Other features include a powder room & laundry inunit. Contemporary and stylish building features a rooftop deck with new patio furniture. 2 parking spaces, guest parking andstorage in garage. Close to Fresh Corn Grill, Coffee Bean, Sunnin Caf~~, Bristol Farms & Sprouts Farmers Market.Conveniently located near UCLA and Westfield Century City shopping center.
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#13669647
How do you rate this property?
Cloud CMA
Buyer Comments
$495,0001722 MALCOLM AVE, Unit 206, Los Angeles
Courtesy of Prudential CA - BrentwoodLISTING INFORMATION
MLS#: 13669647 Beds: 1 Sq Ft: 825 List Date: May 2, 2013
Status: Active Baths: 1.50 Year Built: 1985 DOM: 22
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#13669647
Cloud CMA
Listing Photos
$495,0001722 MALCOLM AVE, Unit 206, 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#13669647
Cloud CMA
More Listing Photos
$495,0001722 MALCOLM AVE, Unit 206, 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
COMMUNITY
Data provided by
Cloud CMA
Area Schools
$495,0001722 MALCOLM AVE, Unit 206, Los Angeles
School Type Phone Distance
Ralph Waldo Emerson Middle School Public/6-8 (310) 234-3100 0.11 mi
St Paul The Apostle School Private/K-8 (310) 474-1588 0.24 mi
Global Montessori School Of WestwoodPrivate, Montessori/
PK,K0.24 mi
Westwood Elementary School Charter/K-5 (310) 474-7788 0.44 mi
Fairburn Avenue Elementary School Public/K-5 (310) 470-1344 0.63 mi
New Horizon School Westside Private/PK,K-5 (310) 231-6092 0.92 mi
Nora Sterry Elementary School Public/K-5 (310) 473-2172 0.98 mi
Sinai Akiba Academy Private/K-8 (310) 475-6401 1.07 mi
St Timothy School Private/PK,K-8 (310) 474-1811 1.23 mi
Warner Avenue Elementary School Public/K-5 (310) 475-5893 1.29 mi
See more information on Los Angeles schools from Education.com.©Education.com, Inc. 2010. Use is subject to Terms of Service.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
COMMUNITYCloud CMA
Area Restaurants
$495,0001722 MALCOLM AVE, Unit 206, Los Angeles
Name Type Distance Rating
Pomodoro Trattoria Italian 0.44 mi411 reviews
Totoraku Japanese 0.97 mi136 reviews
Craft American (New) 1.29 mi890 reviews
Da Pasquale Restaurant Italian, Pizza 1.95 mi170 reviews
n/naka Japanese 2.27 mi104 reviews
Il Pastaio Restaurant Italian 2.39 mi374 reviews
Spago American (New), Asian Fusion, Japanese 2.43 mi850 reviews
Tagine Moroccan 3.18 mi429 reviews
Mélisse French, Seafood 3.71 mi566 reviews
Carlitos Gardel Restaurant Argentine, Steakhouses 4.71 mi334 reviews
Genwa Korean Bbq Korean, Barbeque 5.47 mi1024 reviews
Providence American (New), Seafood, Food Delivery Services 6.43 mi1353 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.
Ownership
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 homeand neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-familyhome with a private garage and yard. Your family may be growing, so you have to think about school districts and proximity toparks 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 definitelybe 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 eventuallyallow you to recoup most if not all of your investment, or make a profit when you sell. Affordability may also be an important factorfor you. The combination of low interest rates and low prices allows you to buy more home for the money. Rents are rising, makingownership more affordable than renting in many areas, especially when you factor in tax incentives such as mortgage interestdeductions 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
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 youand your family want.
Affordability
Your monthly payments should be comfortable for you to handle, in relationship to your total obligations, about 28% of grossmonthly income. Your house payment and your debts should not exceed 36% of your income, including revolving credit, studentloans, and child support. You should also be in the correct loan for your needs. A fixed rate is more expensive, but offers moreprotection 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 canbuy 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 tofrequent destinations, including jobs, schools, family and friends. To get “more house,” you may have to move further away fromcore 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-inkitchen can all add to the enjoyment of your home. Just as important is how your home is designed. The number of bedrooms andbaths should suit your household members, and the layout should suit your lifestyle. If you like to entertain, you should have plentyof dining space and storage for dishes and cookware. If you frequently work at home, you’ll need a home office or at least a quietdesignated 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 inmind. With professional guidance, you should be able to find and buy the home of your dreams, where you’ll be happy for a longtime to come.
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
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 afraidprices 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 ratesare 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 whatthey 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 andyou’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 thelife 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 permonth 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 interestpayments 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 orlater 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 | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
INFOCloud CMA
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, 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.
Credit Score
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.
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 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
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 marketconditions, 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 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?
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 isoffered 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 yourlender’s pre-approval letter, along with a cover letter summarizing your strengths as a buyer in terms of creditworthiness, flexibilityin 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 theproperty. 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 wayto 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 (aguarantee that you’ll perform as a buyer in good faith), final approval by your lender, and your right to have an inspection. Onceyour offer is negotiated and accepted, your earnest money will be sent to the escrow agent's office. Now the inspections occur, andthis is where the contract negotiations can break down. During the inspection process, the inspector will tell you about thecondition of appliances, heat and cooling systems, roofs, electrical and plumbing systems, etc, and if your future home is up tocurrent city codes. You should only renegotiate a repair when it wasn’t obvious before, or when a system is unsafe or notfunctioning. Once the seller has agreed, your offer is now a binding contract, and you’ll proceed to closing.
Scott McIntosh | Coldwell Banker | DRE number: 01759826 | Mobile: 310-500-6107 | www.scott-mcintosh.com | [email protected] |www.thewestwoodblog.com | 11999 San Vicente Blvd. Suite 100, LA CA 90049 | Office: 310-979-3942
INTRO
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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
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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
