VOLUME 28 NO. 5 | JANUARY 24 - JANUARY 30, 2009

Businessman helps home buyers, stimulates Seattle economy

Last updated 1-22-09 at 8:13 p.m.

Realtor, developer, and philanthropist Thach Nguyen is launching a plan to stimulate the local economy and help first-time home buyers back into the real estate market.

Realizing that home sales have a ripple effect on the economy, Nguyen has partnered with companies offering incentive savings of more than $1,500 on products and services for home buyers. In addition to working with Bank of America, companies jumping on board include:
Banwer Transfer: $150 savings on a move
Lowes: 10 percent off purchases
Stu Anderson: $150 off a home inspection.
Sound Oil: 50 gallons of free heating oil, plus $100 in warranty savings.

Nguyen will unveil additional incentives at his first-ever home buying seminar Jan. 24 from 10 a.m. to noon at the Jefferson Community Center, 3801 Beacon Ave. S., Seattle. He will also give away hundreds of dollars worth of gift cards and other services at the seminar.

“When someone buys a home, they often purchase a number of other services and products,” Nguyen said. “Not only do the buyers benefit, but all of these companies — which may be suffering during the sluggish real estate market — are able to increase their revenues as well.”

“With record low interest rates and bargain prices, now is a great time to buy a home,” he added. “Buyers shouldn’t be paralyzed by fear but realize their homes will be worth more in the future. A down market allowed me to buy 18 houses from 1999 to 2003. Their market value shot up from about $3 million to more than $5.5 million today — despite the price correction.” (end)

For more information, contact Thach Nguyen at 206-334-8773, thachn@johnlscott.com, or visit thachnguyen.com.


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