First Time Home Buyers

It is my pleasure to work with first time home buyers. This subject comes to me after much time speaking with the Producer of HGTV’s “Home & Family” TV Show. She has been picking my brain for tips and tricks of how to make a house more valuable. This lead me to the thought, “I wonder if I express to my first time home buyers just how important taking the first step to home ownership is?” I concluded: I don’t think I do.

In the following paragraphs I will explain  the benefits of just pulling the trigger, whether it be the perfect house for you or not.

1. RENT vs BUY:  Why pay the landlord your hard earned cash? Granted you may not be able to afford Prime Location on a purchase, but in 10 years, when location ceases to matter, because you won’t be going to the bars or worried what others will think, you will have equity in something, REAL PROPERTY.

2. PRIDE of OWNERSHIP: When you own something you live in, you have an extraordinary sense of pride. The positive energy oozes out of you like you just bought a new pair of sneakers and wore them to the gym for the first time, finding out that you ran faster and lifted heavier than before, MUST HAVE BEEN THE SHOES!!!

3. APPRECIATION of an ASSET: Your house appreciates in value, granted you’re not in the middle of nowhere, but most markets will increase in value as time goes on. You’re going to sell this house one day, or maybe you’ll rent it out, but either way, appreciation is going to happen, don’t miss out.

4. THIS is YOUR FIRST HOUSE, not your last: You may get married in this house, you may not. You may have a kid in this house, you may not. That being said, don’t look for the perfect floor plan mixed with the right paint job on the house, think of this first purchase as a way to start creating wealth. Think of it as a big savings account that one day, when you do get married, when you do have kids, you can sell and buy something that fits just right. If you wait for the perfect place, chances are you will not find it. This does not have to be a long term relationship, just a way to start accumulating more wealth.

5. INTEREST PAYMENT TAX REFUND: That interest that you are paying on your loan… yeah, that $10-$20 Thousand dollars per year that goes to the interest of the loan… THE IRS REFUNDS YOU AT THE END OF THE YEAR!!! You get a nice check. So maybe your mortgage was $3000 a month for your 2 bdroom condo in Hollywood. Well after one year, you actually were only spending $1990 a month to live there. And you have built almost $30,000 worth of equity in the home, it didnt go to your landlord, that money is YOURS!

6. PEOPLE TRUST YOU MORE WHEN YOU OWN A HOME: Everything in your life will look brighter, people will love you more, the birds will chirp, the sun will shine brighter when you own a home. Try it out.

NOTE: I love first time homebuyers. I work with them often and will hold hands all the way through the process. It’s a big deal, but done right you will thank yourself in the future. Now is the time. Start looking today. You can search for homes in your area at www.findlosangeleslistings.com

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A Breakthrough…. A Re-Ignited Fire

Last Sunday was an amazing day for me. For my journey. For my story. Last Sunday I competed was the Malibu Nautica Triathalon ( .5mile swim, 18mile bike, 4mile run). After months of training and a trial Triathalon a 2 months prior, I felt prepared. Truly prepared. 

As I walked up to the starting line surrounded by 200 other competitors, the fear and anxiety had subsided and a true sense of excitement was vibrating through my whole being.  Something I have not felt since my younger days of competition. In the past between the ages of 5yrs and 19 yrs old I had been a baseball player. Then at 19 something changed. 

At 19 yrs old I was playing division 1 baseball in California. Well, I should say I was sitting the bench on a Division 1 baseball team. Then the fateful day occured when I was cut. A 19 year old young man, first time away from home, starting a new life, was absolutely and completely destroyed. I cried for days. I wore my pain. Very few things had ever made me so sad.  It sounds dramatic maybe, but that was my life and it had been snatched away, taken, why? because I was not good enough. 

Let’s get back to the present day Triathalon now 11 years after. 

As the starting gun fired, the 200 competitors ran into the waves, wetsuits and swim caps, slower swimmers to the back, faster to the front, I was in the front. And in the front is where I stayed for the entire swim, passing others as I made my way along the swim course. 
As I got out of the water, I looked back to see most of the 200 people still behind me, very far behind me. That’s when something clicked, something that I had let get taken from me years ago, suddenly came back to me in one moment. I’d like to identify what exactly it was that I got back or worked through as I ran to the bike for the next leg of the Tri, but I don’t know. All I know is that at that exact moment, a spark ignited a fire inside me that had been out since the day I had been cut from the baseball team. 

That spark carried me through the entire race and into a 22nd place finish out of 200 Men in my division. That spark ignited a fire, the fire is burning with a new intensity, or maybe it’s the old intensity. Whatever it is, I’m overjoyed to have it back. I have been waiting for it to return and am grateful to not have to wait a day longer. 

Message to the reader: Compete… compete everyday at something that is difficult, train everyday for something that may seem impossible. With training you can have anything. 

To my friends who ran the race with me:    

George Sacco– Congrats on completing your first triathalon. I know you were in fear as the gun fired, but YOU DID IT! You’re a champion my friend. You trained hard and  you came through, and I’ve never seen a sister so proud of their baby brother, it almost brought tears to my eyes, if I did that sort of thing. 

Billy Lister– You’re a true inspiration.  When I think about quitting no matter where I am or what I am doing, I think of you and your dedication to being an amazing athlete despite any set backs you may incur. There is no Quit in you, and I know we are new friends but friends we are!

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From Left to Right. Billy Lister, Brian Griffin, George Sacco