First Time Homebuyers Workshop
Qualifying for a Loan
- Understanding credit scores and their impact
- Gathering necessary financial documents
- Calculating a realistic budget and determining how much can be borrowed
- Exploring different types of mortgages and loan options
- Tips for improving credit score and financial health
Home Shopping
- Identifying needs and wants in a home
- Setting realistic expectations and priorities
- Researching neighborhoods and local amenities
- Working with a real estate agent
- Conducting home inspections and assessing property conditions
- Making an offer and negotiating the price
Contracting for a Home
- Understanding the components of a home purchase contract
- Common contingencies and important clauses to include
- Reviewing disclosure documents and understanding their significance
- Negotiating repairs and contingencies
- Seeking legal advice when necessary
Closing
- Explaining the closing process and timeline
- Reviewing closing costs and their breakdown
- Role of escrow and title companies
- Finalizing mortgage details and signing loan documents
- Conducting a final walk-through before closing
- Exchanging keys and officially becoming a homeowner
