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Local homebuying workshop offers financing options and shared‑appreciation examples for first‑time buyers
Summary
Realtors and mortgage advisors at the Glendale summit advised attendees on market conditions, preapproval steps, down‑payment programs (including forgivable grants and low‑interest down‑payment loans) and shared‑appreciation models such as state programs that provide a fraction of purchase price in exchange for a share of future gains.
Local realtors and mortgage advisors used Glendale’s housing summit to walk potential buyers through market realities, financing steps and programs tailored for first‑time purchasers.
"Homeownership is one of the most powerful ways of wealth building," said Sabak Sarabian, CEO of the Glendale Association of Realtors, who presented a 15‑year price trend for the city and urged buyers to prepare financially rather than wait for prices to fall. Sarabian emphasized limited inventory and…
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