I am looking to buy a house or proprty to build a house within the next couple of years. I was wondering if it might be a good idea to take some classes at the local community college in real estate so that I might be able to get info on how to identify good deals/save $/learn the lingo so that I won't be putting myself in a position to get ripped off when I decide to buy.Would that do any good or would that be a potential waste of time, and I should not bother?
It never hurts to educate yourself on what could be the biggest investment of your life. But let me go ahead and warn you- these classes can be a bit of a snore sometimes so make sure you bring caffine with you! ;)
I currently work for a release tracking company, which is the backside of real estate law. YES! Take any class you can, and look on-line for seminars. You will be amazed of how many people screwed every day because they have no idea how the real estate world works! Some associations may give free seminars, and some banks! Do a lot researching! Everyone is out to make a buck! Protect yourself and learn as much as you can! I am glad my company maintains honesty still! There also grants that you my be eligible for from your town and state if you meet certain qualifications! Check those out. My friend bought her first home, and got $30,000.00 in grant money from her town and a bank! You really should learn about title insurance, 1st 2nd mortgages, and learn about your state laws! All real estate laws differ from state to state! you also want to make sure you protect your self, and that all of the requirements are met from the seller!
