A successful Home Buyer Seminar was held recently at the Tri-County Regional Vocational Technical High School presented by a knowledgeable panel about the home buying process. The panel consisted of mortgage consultant, Michael Shain from Village Mortgagr; Realtor Leo Fantini from the Massachusetts Real Estate Group; Attorney John Roche from Roche and Roche; and appraiser Joe Luker of Appraisal & Management.
Each member of the panel shared a specific aspect of the home buying process with the attendees. Shain indicated that the first step when considering purchasing a home is to contact your mortgage lender for pre-approval. This step helps the buyers to determine a specific price range for a home purchase.
According to Fantini the next step would be to contact a realtor to help the buyers move forward to discuss their criteria to purchase a property such as the style and size of home they are looking for, community, and neighborhood among other criteria.
Attorney Roche helped the attendees understand the important role an attorney plays in the buying process such as reviewing the offer to purchase, purchase and sale agreement and doing a title search on their behalf.
Appraiser Joe Luker informed the group that their lender will contact an appraiser to do an appraisal on the selected property in order to determine it value based on an analysis of similar properties in the selected community.
Once all members of the panel had shared their information with the audience a question and answer period was held where specific questions were asked of the panel members.
Those in attendance left with more knowledge and information about the home buying process as well as the steps to be taken in purchasing the home of their choice.
UPTON DAILY 