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Course Description:
Participants attending this course will develop a general understanding of the process involved in purchasing and selling a home. By working through interactive course exercises, participants will be better able to monitor their real estate transactions.
Course Objectives:
- Identify the costs of home ownership.
- Find out how to research neighborhoods and locate the right house based on need and desired features.
- Define important lending terms.
- Describe twelve different types of mortgage loans offered.
- Calculate how much of a home one can afford.
- Uncover valuable tips for buyers and sellers.
- Distinguish between an agent, a broker, and a Realtor.
- Find out when it makes sense to remodel and/or trade up.
- Review the economics of home selling.
- Recognize the difference between being pre-qualified and pre-approved for a loan.
- Obtain necessary information about home inspections and contingencies.
- Learn to use six essential guidelines when making an offer.
- Go over how to properly prepare a home for sale.
- Review the top five reasons for slow home sales.
- Set a correct asking price for a home.
- Discover the pros and cons of for sale by owner listings.
- Get information on tax benefits of home ownership, refinancing, pre-paying mortgages, and more.
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