In about a month when the temperatures start to warm up and the snow melts away, many people will enter the first time home buyer’s market. The interest rates were below 5% last week and the inventory is still strong. Add to that the $8,000 first time buyer tax credit sunsets for contracts written after 4/30/10 and a perfect storm awaits. There usually are a lot of questions for the first time home buyer such as:
- What is PMI?
- Should I buy an older resale or build new construction?
- How do I find the best deals?
- Do I really need to use a Realtor?
- How much do I need to put down?
- How much can I afford?
The list is endless depending on how much you have researched or perhaps even who you know. I have a First Time Home Buyer’s Class on the last Thursday of each month from 7:00 to 8:00. Registration is required.
At the meeting, I have a lender and home inspector as well as myself spend about 15 minutes each with tips for buying your first home. We answer all of the above questions and dozens of others. We’ll even share some secrets to buying a home! The inspector will give you an example of a report, the lender will share what the closing costs should be and I’ll go over how we find the right house for you and how to read an MLS sheet too.
It is typically a small class (8-12) and we generate quite a bit of discussion. So whether you are interested in buying a home for sale in Carmel or a surrounding area, this class could be very beneficial for you. And it is FREE. Again, it is important that you register so that we know how many materials and food to provide. It is a class you will definitely be telling other about. I hope to see you there!