Real Estate Module
Buying a home is one of the most important decisions you’ll ever make as an adult. It’s also an incredibly complex one. There is more to buying a home than simply selecting an agent, finding a house, getting a loan, and moving in. The Real Life School Real Estate Module will inform you on the steps to buying a home, the advice you need to listen to (and ignore), and the knowledge you need to make an informed decision on property ownership.
There are a lot of people in the real estate business that are simply in it for the money. You need to protect yourself against mediocre or even fraudulent service, and from the unknowns of first-time property ownership. This course will help you learn how in an easy, step-by-step way.
Step 1: Recognize Where You Are Right Now. What is your employment situation? Income? Family size and plans for growth? Do you have debt? Are you planning to start a business next year? These are questions that need to be answered from the start.
Step 2: Identify Where You Want To Live. It’s not just about what you can afford, but how you want to live. What’s your lifestyle like? How long are you willing to commute to work? What kind of community do you want to live in? How important are neighbors to you? It’s vital to do your homework before you get to the money stage.
Step 3: Set Up Financing: There are many things to consider here, including finding a great mortgage company, getting pre-approval, determining your debt to income ration and what kind of loan suits you.
Step 4: Identify What You Can Afford. Take into account your down payment, monthly payment, unexpected expenses, and having a financial safety net.
Step 5: Your Real Estate Agent. When selecting an agent, you need to make sure they match your personalities and have the knowledge that you need.
Step 6: The Real Deal. This is the fun part where you get to look for homes, imagine yourself living there, and go through the thrill of making an offer—and receiving a counter offer.