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Seattle
First Time Home Buyer Class
Our
first-time buyer class is your fast-track to understanding
the home buying process and feeling comfortable working with
Realtors, mortgage lenders, inspectors, and home sellers.
This
free class will give you insights into the current real estate
arena and the quickly changing marketplace. We'll cover current
events and topics such as:
The
Changing Landscape of Mortgage Lending
The
mortgage industry has changed dramatically in the past year.
Credit requirements, income requirements, and down payments
have all seen significant influence from the current credit
market.
Are
your credit scores high enough?
Do you have a down payment?
Does your income/job history qualify?
Distressed
Properties
You
hear about foreclosures, short sales, and bank-owned/REO homes
every day. Learn the differences, the pitfalls, and tips on
buying these homes.
What
is a foreclosure/short sale/bank-owned/REO home?
Do I need cash to buy one?
What about liens against the property?
Can I inspect the home before buying?
First
Time Buyer Tax Credit
The
$8000 income tax credit can be a great boon for first time
buyers. Understand the income requirements, the allowed properties,
and the details involved.
Do I qualify as a first-time buyer?
Does my income qualify?
Can I purchase the home from a family member?
Does this apply to houses and condos?
When does this incentive end?
Purchase
and Sale Agreements
Purchase
contracts can be confusing stacks of paper when you're ready
to make an offer on a home. We'll go over a basic contract
in detail and help you understand what you're signing - before
there's a home on the line.
What is earnest money and why do I need it?
Why is the buyer's agent called the selling agent?
What is a broker, agent, salesperson, or REALTOR?
How many days do I have to respond to a counter-offer?
How long do I have to do a home inspection?
When is 3 contract days actually longer than 7 days?
....and
much more. We'll be happy to answer any other questions that
you may have at the end of the class.
Please
RSVP for the class - Space is limited, and we'd like to reserve
a seat for you.
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