Century 21 1st Choice Announces a Unique Solution to San Diego Home Affordability, Purchase Partnerships
Century 21 1st choice announces a unique opportunity to structure home purchases in San Diego by teaming with 1-3 others to buy a home in San Diego.
San Diego, CA, July 22, 2007 --(PR.com)-- Steve Ring, President and Broker of Century 21 1st Choice, today announces the formation of his Purchase Partnership™ Division.
Teaming with Wells Fargo Home Mortgage and SDRoomie.com; Mr. Ring’s new division takes potential homebuyers who would otherwise not have the resources to purchase a home in San Diego County and create for them Purchase Partnerships™. A group of 1-4 homebuyers purchase a property together as Tenants in Common (T.I.C.) while the individual’s monthly payment can be about the average cost of renting by themselves1. Each also enjoy their percentage of the tax benefits of home ownership.
According to Steve Ring, “Our new division has been actively pursuing
San Diego regional employers with the Purchase Partnership™ employee benefit. This benefit takes all interested company employees and administers a Harvard University personality profile, determines purchase preferences and for the partner’s security; completes criminal, unlawful detainer and credit checks. From these participants, a database matching system runs the parameters to find the perfect matches within the company from all those who wish to participate. Next we get them together as a group to assure their real world compatibilities before we find them the perfect investment”, Mr. Ring said. The purchase partners agree contractually to hold title for a least 4 years. The parties execute a very well written “Tenants in Common Agreement” before closing escrow that deals with any anticipated issues relating to future restructuring of the T.I.C. partnership.
The scope of this program is potentially enormous as only 23% of San Diegans have the financial resources on their own to purchase an “entry level” home2. This program gives the other 77% a chance at home ownership that no other real estate company has actively pursued. Employee loyalty, retention, and car pooling usage is also enhanced.
Additionally, the system takes thousands of roommates who use the SDRoomie.com site and gives them an opportunity to also participate as purchase partners. The same system is used to create partnerships from these roommates who are forced to throw their money away in rent rather than enjoying the tax benefits of home ownership.
For additional information contact: Brent Nelson 858.490.6112
1Call Wells Fargo - Michael Campos for complete information regarding their loan programs. 858.699.7751
2California Association of Realtors Q1 2007 “First Time Buyer Housing Affordability Index”
Century 21 1st. Choice • 3091 Clairemont Dr • San Diego, CA 92117 • 858.699.7751 Voice
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Teaming with Wells Fargo Home Mortgage and SDRoomie.com; Mr. Ring’s new division takes potential homebuyers who would otherwise not have the resources to purchase a home in San Diego County and create for them Purchase Partnerships™. A group of 1-4 homebuyers purchase a property together as Tenants in Common (T.I.C.) while the individual’s monthly payment can be about the average cost of renting by themselves1. Each also enjoy their percentage of the tax benefits of home ownership.
According to Steve Ring, “Our new division has been actively pursuing
San Diego regional employers with the Purchase Partnership™ employee benefit. This benefit takes all interested company employees and administers a Harvard University personality profile, determines purchase preferences and for the partner’s security; completes criminal, unlawful detainer and credit checks. From these participants, a database matching system runs the parameters to find the perfect matches within the company from all those who wish to participate. Next we get them together as a group to assure their real world compatibilities before we find them the perfect investment”, Mr. Ring said. The purchase partners agree contractually to hold title for a least 4 years. The parties execute a very well written “Tenants in Common Agreement” before closing escrow that deals with any anticipated issues relating to future restructuring of the T.I.C. partnership.
The scope of this program is potentially enormous as only 23% of San Diegans have the financial resources on their own to purchase an “entry level” home2. This program gives the other 77% a chance at home ownership that no other real estate company has actively pursued. Employee loyalty, retention, and car pooling usage is also enhanced.
Additionally, the system takes thousands of roommates who use the SDRoomie.com site and gives them an opportunity to also participate as purchase partners. The same system is used to create partnerships from these roommates who are forced to throw their money away in rent rather than enjoying the tax benefits of home ownership.
For additional information contact: Brent Nelson 858.490.6112
1Call Wells Fargo - Michael Campos for complete information regarding their loan programs. 858.699.7751
2California Association of Realtors Q1 2007 “First Time Buyer Housing Affordability Index”
Century 21 1st. Choice • 3091 Clairemont Dr • San Diego, CA 92117 • 858.699.7751 Voice
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Contact
CENTURY 21 1st Choice
Brent Nelson
8584906112
www.purchasepartnership.com
Brent Nelson
8584906112
www.purchasepartnership.com
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