homebuyer seminar

ADVERTISING SUPPLEMENT
HOMEBUYER
SEMINAR
FREE
Statewide Median Price
Posts 17th Monthly Gain
By Sharon Barron, President, and David Walker
Southland Regional Association of Realtors
Home sales increased during July throughout California
as buyers adapted to slightly higher—yet still incredibly
low—interest rates on home loans, while the median
resale price continued to post strong annual gains.
Saturday, September 14, 2013 Southland Regional Association of REALTORS®
10:00a.m. – 12:00p.m
7232 Balboa Blvd., Van Nuys, CA 91406
Learn directly from professionals about:
* The Buying Process
In fact, July’s 1.5 percent increase in
ry
ta
* Down Payment Assistance
en
im
Compl
home sales was the first year-to-year gain
ents
refreshm
* FHA vs. Conventional Loans
since December 2012, the California
ovided!
Identifying Investment Property
will be pr
* Working with a REALTOR®
Association of Realtors reported. What
* Tax & Financial Benefits
made it particularly noteworthy was that
www.srar.com
June’s numbers looked like local and
* Importance of Good Credit &
How does paying the government 40 percent of profits from the sale of an instatewide sales might slow down as the
How to Improve Your Score
vestment
property
sound?
Not
very
appealing.
Right?
How
about
waking
up
to
duel whammy of a tight inventory—a
* City Assistance Programs
realize that a gun-toting cowboy has a right to make daily treks across a freshly
2.9-month supply, which limited buyer
* And Much More!
choices—and higher rates prompted some purchased multi-million dollar parcel?
buyers
to
hesitate
in
the
hope
that
rates
Those
are
just
two
of
an
infinite
number
of
complications
awaiting
buyers
of
commercial
and
Realtor® Sharon Barron
might fall again to historically low levels,
2013 SRAR President
investment property who fail to plan or follow fundamental, simple precautions, according to
where they hovered for many months.
three of ten speakers at an investment real estate symposium presented recently by the ComMortgage rates ticked up in July, with the 30-year, fixed mortgage
mercial and Investment Division of the Southland Regional Association of Realtors. Arnie
Garfinkel moderated three panel discussions and introduced the keynote speaker, Jan Perry,
interest rate averaging 4.37 percent, up from 4.07 percent in June.
To RSVP, call 818-947-2298
or via email at [email protected]
a former Los AnA year ago June the average was 3.55 percent. Rates on adjustable
geles City Council
mortgages were at 2.66 percent during July, up from 2.60 percent in
THIS SEMINAR IS STRICTLY FOR THE GENERAL PUBLIC
NO REALTOR MEMBERS ALLOWED UNLESS ACCOMPANYING A CLIENT
member and curJune, but down from 2.69 percent in July 2012.
rently interim genJuly’s statewide median price inched up 1.2 percent from June to
eral manager of the
$433,760, which was 29.8 percent higher than July 2012, marking
city’s Economic
17 straight months
and Workforce
of annual price
Development
Department.
increases and7232
the
Anyone who purchases tickets — general admission or
Balboa
Boulevard
Van Nuys,
CAGroup, told of a couple who started
For example,
Eric Salter, of• Fidelity
National Title
13th consecutive
tournament tickets — for the Texas Hold’em & Casino
building a home on a lot in Topanga Canyon. They noticed “a very unpleasant cowboy with
month of doubleThe Southland Regional AsNight by Monday, Sept. 9 will be automatically entered
a gun driving a pickup across their property.” When stopped and asked, the cowboy said he
digit annual gains.
in a special drawing. The prize? A $500 Best Buy gift
sociation of Realtors’
2013 am – Registration,
8:00 am–9:00
Breakfast , had
NetwoRkiNg
Onethe- Identify
thenot
Property
an easement to cross the property.Session
Sure enough,
easement was
shown in the title,
As inventory builds
card. The Casino Night is set forGAMBLING
Saturday, Sept.FOR
21. A CAUSE
homebuyer grant
program
yet, luckily, the couple
9:30
am
10:15
am
9:00
am–9:45isam – keynote
Address
Jan
Perry
the rate of increase is had title insurance,
TEXAS HOLD’EM CASINO NIGHT 9/21
open to active or veteran memNeed more incentive, just in
likely to diminish.
What does a helicopter tou
an often overlooked
case having a fun evening at
bers of a U.S. military service or
.)&#1$)!%&!
The July median
essential that can
Tournament and you and a gu
a charity event isn’t enough?
a law enforcement organization,
price of homes in
and the beaches in a 45 minu
make the difference
How does a helicopter tour over
will also enjoy a three-course
including police, sheriff or Calithe San Fernando
between success or
GAMBLING FOR A CAUSE
following the helicopter tour
Hollywood sound, along with
GAMBLING
FOR
A CAUSE
between the airport and the r
Valley
came
in
at
TEXAS HOLD’EM CASINO NIGHT 9/21/13
disaster. A construcfornia Highway Patrol officers.
TEXAS HOLD’EM CASINO
9
a three-course dinner for two,
private, NIGHT
chauffeured transport
$505,000.
What does a helicopter tour over Hollywood have to do with our
tion of a special
What does a helico
Recipients of the $2,000 grants
Dino Champagne
David Flamer
Eric .)&#1$)!%&!
Salter
with wine?
And, the lucky win*!%2()*'#!%*
.)&#1$
The Southland Regional
.)&#1$)!%
access
road
and
$2
Keynote
Speaker
Asset Prevention Services
Tournament and you and a guest will get an aerial tour of Hollywood
CPA
Fidelity NationalTitle
Moderated by:
must have purchased a home in
ners of this first-place prize will
Tournament and you a
Association of Realtors
and the beaches in a 45 minute helicopter ride. But that’s not all! You
1031 Exchanges
Title
Accounting/Tax Issues
million later, the title
Jan
Perry
and the beaches in a 4
Arnie
Garfinkel
the San Fernando or Santa
Clarita
will also enjoy a three-course dinner for
two, withbe
wine,picked
immediately up and dropped
also
local
Economic Development Dept.is one of the largest
will also enjoy a three
Income Property Lending
insurance company
following the helicopter tour! And don’t worry about transportation
)&%'#'(!0!)#$&)*)!$'())!,)* 2()* )&%'#-!%%(
following the helicop
Valleys and must meet income
trade associations in the
off
in
private,
chauffeured
style.
between the airport and the restaurant. You and your guest will have
will enjoy a three-hour, four-course dinner cruise out of Marina Del Rey with a bottle of
*Scheduled
speak (subject
change)
settled
with thetogentleman
on to
behalf
of the couple. That is a typical claim, Salter said.
“It
could
between the airport an
champagne. Enjoy amazing views from the private window seating, dancing under the
private, chauffeured transportation.
nation with more than
qualifications. For details and a
Still need more incentive?
The second
private, chauffeured tr
stars, and amazing food.
be
back
taxes
owed,
easement
claims,
you
name
it.
Our
company
spends
about
$400
million
a
9,000
members
serving
*
!('#-!%%(&*
*&+(%$%*-!##(!,!*(*!2**&&(&%
downloadable application
form, goTwo- Purchase the Property
place prize winners$)/*
will enjoy
a three-hour,
Session
- Manage
&%&%)*&##/-&& !*(*!2*%($&(
year on title claims. It’s truly nice toSession
know titleThree
insurance
is there.” the Property
the
San
Fernando
and
to www.SRAR.com.
four-course cruise out of Marina del Rey with
10:45 am
11:30
am
aminvestors
- 12:15through
pm a series of toughSimilarly, accountant David Flamer, guides 11:30
prospective
Santa-Clarita
valleys.
a bottle of champagne thrown in for good
love questions. “We ask if they can truly afford it, if they
can get the income to support servic )&%'#'(!0!)#$&)*)!$'())!,)* 2()* )&%'#-!%%(
•
Hotel accommodatio
)&%'#'(!0!)#$&)*)!$'())!,)* 2()* )&%'#-!%%
enjoy a three-hour, four-course dinner cruise out of Marina Del Rey with a bottle of
measure. Enjoy amazing
views from private
ing of the debt,” Flamer said.will
“Another
issue is the tax benefit. Does
West Hollywod
will enjoy a three-hour, four-course dinner cruise out of Marina
Del Rey with a bottle
champagne. Enjoy amazing views from the private window seating, dancing under the
champagne. Enjoy amazing views from the private window seating, dancing under t
stars,
and
amazing
food.
window seating, dancing
under the stars, and • Dining within the M
it make sense for that person to
acquire real estate if the tax benefits
stars, and amazing food.
* !('#-!%%(&* *&+(%$%*-!##(!,!*(*!2**&&(&%
or Boxwood Café
* !('#-!%%(&* *&+(%$%*-!##(!,!*(*!2**&&(&
&%&%)*&##/-&&
4 Classes, Sept. 23, 24
may be limited?” Or, he said,$)/*
if the buyer
does not!*(*!2*%($&(
plan to actively
amazing cuisine.
$)/* &%&%)*&##/-&& !*(*!2*%($&(
•
Restaurant classes an
manage the property, it can further reduce the tax benefits.
Finally, the third place winner of
series or day-in-the-kitchen H
“We see if it’s the property for that client,” Flamer said. “If• itHotel accommodations at the the
•
Poolside cabana ren
tournament
will receive a $100
chic, luxurious
London Hotel in
•
Hotel accom
doesn’t
panWalls
out, we have a discussion.”
Hollywod
gift certificate to Gordon Ramsay
Jim
Alan Gecht
Eric West
Dean
The Commercial Investment
Education Alliance
and the Southland
West Hollywod
Brad Luster
James Arom
RandallRegional
Blaesi
+(%"-#%*'$#$)*, $ ($ (" # ))%).'()&", $(&%)(
•
Dining within the Michelin-starred Gordon Ramsay restaurant
Dino
Champagne,
division
manager
at
Asset
PreservaWallsLikewise,
Property Management
Corporate
Realty
Assoc.
The
Wolf
Firm
withi
at The London West Hollywood. It But the Casino Night is not limited to Texas Hold’em only. For $35, guests• willDining
Major Properties
Wells FargoDivision
Bank
Property
Sciences
Association of Realtors’
Commercial Investment
present
a two-day
or Boxwood Café
enjoy Roule
Property
Legal
or Boxwood Café
tion,
Inc.,Management
uses her position as a Leasing
qualified intermediary to facilitate
&'%(%''*!0() )!%&+)*-!##(!,
!%'&"( !')%'#/$)*&Commercial Brokerage
Commercial Lending
Commercial Appraisal
can
used
for hotel accommoda-players
•
Restaurant classes and programs,
such as be
the Chef’s
Masterclass
will be admitted to the other games at no additional charge).
series of four classes on skill-based commercial investment education. The
•
Restaurant
cl
%/&+1,&##*/&+((3*!"*)
&&)(&$,(!&+)(3'(!0)!%!
*&(&'/
1031 tax-deferred exchanges.
series or day-in-the-kitchen Hosted Dinners,
or
drawn for all the amazing prizes.
tions,
dining at the Boxwood Café, willAllbeproceeds
series
or day-in-the-k
from the event will go to the SRAR Charitable Foundation,
a 501(c)3
charitable
cost is $199.
“When someone goes to sell a piece of property, get an ac•
Poolside cabana rentals
12:15 pm - NETWORKING
you can write off your expenses for the night as a charitable contribution.
•
Poolside cab
restaurant classes and programs,
countant and qualified intermediary in the discussion early on,” she
The classes explore the business and mechanics of valuing commercial real estate, the techor poolside cabana rentals. All pro- The Texas Hold’em Casino Night is Saturday, September 21, 2013 from 6:00PM to 10:00PM
+(%"-#%*'$#$)*, $ ($ (" # ))%).'()&", $(&%)((%*'',$),%*') !)(
said. “Sometimes
people wind
up paying 40 percent of profits to the
+(%"-#%*'$#$)*, $ ($ (" # ))%).'()&", $
Attend
Free
Pre-Registration
(Limited
Seating)
niques of analyzing investments, and tax aspects
of investment
real with
estate. Classes
begin
from
the
event go to the SRAR Charitable
Foundation,
But the Casino Night is not limited to Texas Hold’em only. For $35, guests will enjoy Roulette, Craps,ceeds
and Black Jack,
along with
an
But the Casino Night is not limited to Texas Hold’em only. For $35, guests will enjo
&'%(%''*!0()
)!%&+)*-!##(!,
!%'&"(
government. We need to determine
what they
are trying to do!')%'#/$)*&-!%(3*!"*).)&#1$
and if
at 9 a.m. to noon and from 1 p.m. to 4 p.m. on Monday, Sept. 23, andBreakfast
Tuesday, Sept. 24. will be
&'%(%''*!0() )!%&+)*-!##(!,
!%'&"( !')%'#/
players will be admitted to the other games at no additional charge).
served
a
501(c)3
charitable
organization.
players will be admitted to the other games at no additional charge).
%/&+1,&##*/&+((3*!"*)
&&)(&$,(!&+)(3'(!0)!%- ! *&(&'/&+(*!"*)** %&* %! **!"*)
it
makes
sense.
We
take
them
through
the
paces.”
%/&+1,&##*/&+((3*!"*) &&)(&$,(!&+)(3'(!0)!%- ! *&
will be drawn for all the amazing prizes.
Classes will meet in SRAR’s auditorium, located near the corner of Balboa and Sherman
will be drawn
for all the amazingat
prizes.
Goof course,
to www.SRAR.com
or contact Jason
Arancibia
818All proceeds from the event will go to the SRAR Charitable Foundation, a 501(c)3 charitable organization. This,
means that
All proceeds from the event will go to the SRAR Charitable Foundation, a 501(c)3 ch
you can
write off Investment
your expenses for theReal
night asEstate
a charitableSymposium.
contribution.
This is the second of four reports on the
recent
Way in Van Nuys. The registration deadline is Monday, Sept. 15. For more information,
you can write off your expenses for the night as a charitable contribution.
947-2298
or
via
email
at
[email protected]
to
register
and
The
other
reports
are
available
at
www.SRAR.com/membership/?p=farming_ma
call Valerie at 818-947-2255 or go online to www.commercialdataexchange.com.
forAuditorium
further
details. Sign up now! You might
win $500!
The Texas Hold’em Casino Night is Saturday, September 21, 2013 from 6:00PM to 10:00PM in the SRAR
in Van Nuys.
terials.
The Texas Hold’em Casino Night is Saturday, September 21, 2013 from 6:00PM to 1
Essential to Plan, Avoid Big Surprises
Presents
INVEsTMENT REaL EsTaTE
syMPOsIUM
They noticed ‘a very unpleasant
with a gun 27,
driving2013
a pickTUEsday,cowboy
aUgUsT
across their property.’
sRaRupaUdITORIUM
Register by Sept. 9 to Win $500!
$2,000 Grants
SCHEDULE OF EVENTS:
Skill-Based Commercial Investment Ed
www.srar.com
Realtor® Report
August/September 201
www.commercialdataexchange.com • (818) 947-2255 •
REGISTRATION
www.srar.com
No Charge if Registered by August 16, 2013 (seating is limited)
$20.00 fee if registered after August 16, 2013
Mail this form to: 7232 Balboa Blvd., Van Nuys, CA 91406, Fax to: (818) 786-4541
Realtor® Report
August/September 2013
3
www.srar.com
Realtor® Report
The Voice FOR Real Estate in the San Fernando and Santa Clarita Valleys
Name:__________________________________ Company Name:________________________________
www.SRAR.com | Real Estate Questions? E-mail Sharon Barron, SRAR 2013 President, c/o [email protected]
Email:__________________________________ Phone#:_______________________________________
(Visa/MC/AMEX/Discover) Card#:__________________________________________ Exp:__________
August/Septem