Post Purchase Home Buying Overview:
Post-Purchase education and counseling is a vital part of the new home buyer education process because it supports successful long-term homeownership. Post-Purchase homeowner education and counseling programs are homeownership related services made available to new homeowners soon after purchase.
The focus of post-purchase home buyer programs is on sustaining homeownership and helping homeowners avoid delinquencies. With this in mind, programs are designed around financial management and budgeting, for example our programs help new homeowners build savings plans and be more prepared for dealing with unforeseen events, such as the loss of a job, divorce, or illness. Financial education can help families become more aware of common pitfalls and thus help them to avoid them. It can also help them to learn the financial management and planning skills needed to make the most of their income, savings and assets.
Our post-purchase workshops cover topics such as keeping on top of maintenance, energy-effective measures, financing home improvements, exploring future refinancing options, insurance and tax planning, housing codes, tenant selection and tenancy laws. Another component of our Post Purchase Program involves instructing new homeowners how to avoid predatory lenders and other financial scams thereby helping homeowners protect their credit rating, which can ultimately save money in reduced interest rates and fees. Teaching homeowners how to manage their home as an asset and use their equity responsibly while learning how to maintain their properties to promote safety and prevent future costly repairs is also important. Finally, our program is great for encouraging new homeowners to get more involved in their communities.
