First Time Home Buyers

First-time home buyers are in a situation that makes them fundamentally vulnerable to any number of errors or oversights during the life cycle of the purchase. This seminar is designed to cover each area fundamental to avoiding often costly mistakes or omissions.

The watchwords for succeeding in your first real estate purchase are due diligence. BRI helps you cover all bases regarding finding a property, assessing its potential as both a home and an investment, and, perhaps most critically, putting in place a financing program that achieves the best rate and affordability.

Experience matters. For instance, did you know that the City of Boston has a program for first-time homebuyers that will pay up to $45K toward a house down payment? And another $30K to perform rehabs? Knowledge of such programs gives potential buyers a significant competitive advantage in the market, and permits them to afford more of a house than they otherwise would. (Subject to change and availability)

Like our Investor Seminar, BRI's instructors are sensitive to the unusual circumstances and problems that arise for homebuyers making a purchase from abroad. Some of the most immediate issues include legal barriers, transitioning to a new culture and community, and mortgage acquisition. Each of our seminar instructors have real-world experience going through each of these issues, and can provide you customized guidance available through no other program.

Specific topics included in the First Time Buyer Seminar include

  • Effective ways to search for and find the home of your dreams
  • How to budget for home ownership
  • What type of dwelling best fits your needs (condominium, townhouse, or single family home)
  • How to qualify for a home mortgage and get pre-approved
  • How to choose the right type of mortgage loan ( fixed rate, ARM, balloon, etc)
  • Determining your maximum affordable mortgage payments using a mortgage calculator
  • How to buy a home with no down payment
  • The advantages of owning as opposed to renting
  • Pulling your credit report, and learning how to read it
  • How to improve your credit score
  • Definitions of all pertinent real estate and mortgage terms
  • Evaluating risk
  • Deductions for property taxes and home improvements

 

Buying your first home is a major life event, and BRI's team of professionals can provide you the mentoring and prudence a necessary to make the process as straight forward as possible

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