CREPA offers free webinars for first time home buyers
The California Real Estate Professionals Association (CREPA) has launched its first webinar series for the year, this time for first time home buyers in California. In its website, it provided links for the free educational online seminar meant to guide new buyers on how to choose the best initial investment for them, their financial capability and their lifestyle.
CREPA says the new webinar series is meant to educate first timers on what factors to consider, what to assess, and what to look for in a property that they are buying. The webinar series also has a chapter on the legalities and other transactional procedures that buyers should be aware of before finally inking their first-ever property purchase contract.
“We want to lessen foreclosures, we want to lessen households who can no longer enjoy life because they have too huge an amortization to work hard for, we want to avoid the traumatic experience of foreclosure. We want first time buyers to have the best experience they could get hence we are coming up with this series,” explains Olivia Lancaster, CREPA Chairperson.
The resource persons tapped for the webinar series are all members of the CREPA. Johann Hendricks is one of the speakers in the webinar series chapter on preparing for the purchase. He mentioned that what a lot of home buyers do not realize is that the process of purchasing a property can be tedious, can require a lot of paperwork, and can be a challenge when it comes to organizational skill and patience.
This is almost the same thing emphasized by Forbes.com in their web article on what First Time Real Property buyers should know. Real Estate Broker Wiki
“Even after you spend hours searching through listings and going to showings, your journey is far from over. Getting a mortgage, having the home inspected and going through the closing process all take time. General wisdom suggests that the process could last from 30-90 days, but that depends on a lot of extenuating factors. Know going into the buying process that you’ll need to practice patience if you want to find the perfect match.”
Read the rest of the web article here.
“Tailor your house-hunting to properties in your financial neighborhood. If you end up looking at homes that are outside your price range, you'll end up lusting after something you can't afford, which can put you in the dangerous position of trying to stretch beyond your means financially or cause you to feel unsatisfied with what you actually can afford.”
The whole write-up can be found here.
CREPA says it is important that first time buyers are well educated in making their purchase decisions so that their new investment will be worth the financial cost.
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| CREPA guides first time home buyers in purchasing a new home. (Photo Credits) |
“We want to lessen foreclosures, we want to lessen households who can no longer enjoy life because they have too huge an amortization to work hard for, we want to avoid the traumatic experience of foreclosure. We want first time buyers to have the best experience they could get hence we are coming up with this series,” explains Olivia Lancaster, CREPA Chairperson.
The resource persons tapped for the webinar series are all members of the CREPA. Johann Hendricks is one of the speakers in the webinar series chapter on preparing for the purchase. He mentioned that what a lot of home buyers do not realize is that the process of purchasing a property can be tedious, can require a lot of paperwork, and can be a challenge when it comes to organizational skill and patience.
This is almost the same thing emphasized by Forbes.com in their web article on what First Time Real Property buyers should know. Real Estate Broker Wiki
“Even after you spend hours searching through listings and going to showings, your journey is far from over. Getting a mortgage, having the home inspected and going through the closing process all take time. General wisdom suggests that the process could last from 30-90 days, but that depends on a lot of extenuating factors. Know going into the buying process that you’ll need to practice patience if you want to find the perfect match.”
Read the rest of the web article here.
Financial Evaluation
Personal Finance website Investopedia also came up with an article for first time home buyers. In their write-up on the common mistakes first time property buyers make, they emphasized the financial miscalculations some home buyers have committed. California Department of Real Estate“Tailor your house-hunting to properties in your financial neighborhood. If you end up looking at homes that are outside your price range, you'll end up lusting after something you can't afford, which can put you in the dangerous position of trying to stretch beyond your means financially or cause you to feel unsatisfied with what you actually can afford.”
The whole write-up can be found here.
CREPA says it is important that first time buyers are well educated in making their purchase decisions so that their new investment will be worth the financial cost.
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