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Ken Dang's Blog

By Ken Dang | Agent in Silver Lake, Los Ang...
  • Are You Paying Someone Else's Mortgage?

    Posted Under: Home Buying in Silver Lake, In My Neighborhood in Silver Lake, Rent vs Buy in Silver Lake  |  November 5, 2010 2:38 PM  |  760 views  |  No comments

    The Renter's Incentive as a First Time Home Buyer

    Most renters become complacent with renting from a landlord, because sometimes it is just easier and there is no home ownership responsibility attached to renting. However, here are some benefits of home ownership vs. renting that might motivate you to work towards home ownership:

    • Home ownership allows for tax deductable interest on home loans.  Renting does not.
    • Home ownership increase your net worth.  Renting does nothing at all to increase your net worth.
    • Home ownership builds wealth through equity and appreciation. Renting does nothing to build your wealth.
    • Home ownership could lock in a monthly payment on a fix rate mortgage. As a renter, your monthly rent can increase on average 2 to 3% per year depending on where you live an your citie's rent control laws.
    • Home ownership provides the opportunity to resell your house and profit from it due to the home's appreciation.  As a renter you have nothing to resell and therefore no potential to make profit from the building you live in.
    • Home ownership allows you autonomy in the decisisons you make about your home i.e. decor, remodels, etc.  As renters, you are restricted to what is acceptable to the landlord and/or property owner.

    If you are a first time home buyer and wondering if this is the right time to buy your first home, the answers is a resounding " YES."  Especially in the area of Silver lake, Echo Park, Los Feliz and Hollywood - all neighborhoods in Los Angeles, CA.  It is currently a buyer's market, and with low home prices and home loan programs with low interest rates such as FHA financing, buying a home now would be a wise decision.  Savvy home buyer's know that with a fix rate mortgage they will save thousands of dollars over the term of their loan if they buy now as oppose to waiting.  Interests rates are again rising ever so slightly, but they ARE beginning to rise andhome prices have already begun to rise as well.  Now you just need to ask yourself.  What is stopping you from buying into the dream of owning your own home.

  • Cato House in El Sereno Hills

    Posted Under: Home Buying in El Sereno Car, Home Selling in El Sereno Car, Property Q&A in El Sereno Car  |  September 24, 2010 10:29 PM  |  626 views  |  No comments

    Great House!  Private showing only.  Contact me today!

  • Wondering if Non-US Citizens or Permanent Residents Can Purchase a Home?

    Posted Under: Home Buying in Silver Lake, How To... in Silver Lake, Property Q&A in Silver Lake  |  September 21, 2010 11:07 PM  |  742 views  |  No comments

    Not a Citizen of the US, but you want to buy a house?

    This topic comes up every once in a great while.  I thought I'd provide some information to anyone who might be interested.

    If you or someone you know are permament residents and have a social security card, you have the same rights as a citizen to purchase a home. If you are a non-citizen and non-resident the following article should help to answer some question you may have. I got it from the Immigration and Naturalization Service website. Most realtors know very little about this process, because most home buyers are citizens or permanent residents with green card.

    The article is titled “Illegal Immigrants Buy Real Estate and Get Mortgages with ITIN” and can be found using the this URL: http://www.usimmigrationsupport.org/immigrants-realestate-it…

    FYI – ITIN is abbreviation for Individual Taxpayer Identification Number

    To learn how you can obtain an ITIN, use this URL: https://www.usimmigrationsupport.org/itin.html

    If you are a non-citizen/resident looking to buy a home, good luck!  If you need additional help contact Keller Williams Realty Los Feliz.

  • Are you a first time home buyer? Would you be intersted in coming to a free first time homebuyer's workship this Saturday?

    Posted Under: Home Buying in Silver Lake, How To... in Silver Lake, Property Q&A in Silver Lake  |  September 21, 2010 10:22 AM  |  653 views  |  No comments
    This Saturday September 25, 2010 from 10 AM - 12 PM, there will be a first time home buyer's workshop held at Keller Williams Realty in Los Feliz - 1660 Hillhurst Avenue, Los Angeles, CA 90027. Donuts and coffee served. If you answered yes to the questions above, this workshop is for you!! Please RSVP through my profile.
  • This Month in Real Estate August 2010

    Posted Under: Market Conditions in Silver Lake, Home Buying in Silver Lake, Home Selling in Silver Lake  |  September 20, 2010 11:21 PM  |  645 views  |  No comments

    The latest from
    Keller Williams Realty on real estate trends.

    Want to know more? Contact a KW
  • First Time Home Buyers

    Posted Under: Market Conditions in Los Angeles, Home Buying in Los Angeles, Financing in Los Angeles  |  August 30, 2010 9:59 PM  |  686 views  |  1 comment
    First Time Home Buyers

    Profiling the first time home buyer.  Statistics and trends. 

    For more information, contact me today.

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