Buying a home is a big decision, and it’s essential to be prepared before you start shopping. Home buying education classes can help you understand the process, from getting pre-approved for a mortgage to making an offer and closing the deal. They can also help you avoid costly mistakes.
Home-buying education classes help you understand your finances and determine how much you can afford to spend on a home and how much you’ll need for a down payment. Classes can also teach you about common pitfalls to avoid, such as overpaying for a home or not getting a proper inspection. Some lenders even offer down payment assistance programs to buyers who complete home-buying education classes. Finally, you’ll gain confidence. The more you know about the home-buying process, the more confident you’ll feel when you’re out there shopping for a home.
Realty Reimagined, the Cuyahoga Land Bank’s mission-based real estate brokerage, offers monthly HUD-approved home-buying education classes and counseling. In fact, Donovan and Denique Young, recent buyers of a Land Bank home, attended the classes prior to starting their home search and found them to be incredibly valuable.
“I really enjoyed the course,” says Donovan. “It was well-paced, very informative, and Liz was a great instructor. I learned a lot of new information during the three-day course and can honestly say that had I not taken the course, I likely would not have learned this information. And if I had, it may have come too late.”
The Youngs also mention that not only did Realty Reimagined staff equip them to find the home they wanted and offer various tips throughout their home search, but down payment assistance also became available to them because they completed the home-buying course.
With their new home-buying knowledge and the assistance of Realty Reimagined agents, the Youngs are now proud new homeowners of a renovated Land Bank home. When asked why they chose this home, they mention “the price, construction quality, clean inspection, location, design, and really, everything! We love our home, are very pleased with the work of the Land Bank on it, like our neighborhood, and overall are very grateful to have found this home.”
Due to their positive experience, the Youngs continue to recommend the Realty Reimagined home-buying course and the Land Bank’s renovated homes to friends and family.
Find out more information about Realty Reimagined’s upcoming home-buying education courses and register here.
