Pete Whan helped share information about short sales in Southern California and used Brian Buffini's Real Estate report as a reference. See attached link to view the article "The ABC's of Short Sales.
Oh by the way... We are never too busy for your referrals!Â
1st Time Home Buyersâ€¦Deciding toÂ Buy!
There are many reasons to decide to buy your firstÂ home, a sense of security , stability, something to call your own, the pride of home ownership.Â These are all good reasons, but wealth building up ranksÂ at the top of the list.Â We call home ownership the best accidental investment most people will ever make.Â Some of the best financial reasons to support your decision to buy your first home is equity buildup (paying down your loan), value appreciation and tax benefits.Â According to the U.S Federal Reserve Boardâ€™s Survey of Consumer Finances showed home owners had a average financial net worth of $184,400, while renters net worth was just $4,000.Â Call it good planning or forced savings, a home is the largest financial asset most people have.Â Price appreciation is the second way to build equity, Historically, home prices have increased faster that the rate of inflation over the past 30 years.Â Inflation averaged 3 to 4 % per year, homeÂ prices went up 4 to 5 %.Â (Keep in mind all real estate is local some areas have appreciatedÂ faster and higher than others).Â There is a third reason why buying your first home is a smart move.Â The U.S. government allows you to deduct the interest paid on mortgage loans.
As a commitment to inform the home buying public Pete Whan of Pete Whan and Associates with Keller Williams Realty hosted a Free First Time Home Buyers seminar.Â The seminar is based around helping new buyers learn about the home buying process and the conditions of the market and how to use what they learn in order to have a successful transition into home ownership.Â In a continued effort to inform and impact the real estate buying public we have scheduled our next seminar on Saturday March 12,Â 2011 from 10:00-11:30AM at the Pasadena Market Center.Â There are still seats available!Â Please contact us at 626-204-3432 and/or see us at www.PeteWhan.com.