Helping Buyers Understand the Cost of Ownership -3 HR CE ZOOM Nick Morrone

Helping Buyers Understand the Cost of Ownership -3 HR CE ZOOM Nick Morrone

Understanding the cost of ownership will assure your buyer will be successful long term homeownership.

By Cathy McDaniel

Date and time

Tuesday, December 10 · 7 - 10am PST

Location

Online

About this event

  • 3 hours

Helping Buyers Understand the Cost of Ownership

ZOOM Meeting ID# 863 6571 6025, Password 6789

Special Guest: NIck Morrone - United Community Bank


When you buy a house, your expenses go far beyond the purchase price. Cost of ownership is a calculation of the direct and indirect expenses and benefits of a home purchase.

Costs include monies to acquire and then add reoccurring expenses you have to pay every month or year including property taxes, insurance premiums, utility bills, homeowners association fees, mortgage interest, and repair costs over the course of its lifetime. All of these expenses really add up over the long run.

I suggests recommending to your buyer to create a monthly budget and check these following expenses against their cash flow before they begin previewing and buying a home.

Let’s talk about:


  • Household budget
  • Monthly positive cash flow
  • What are the hidden cost of home ownership?
  • 20 unexpected maintenance cost?
  • Does updating your home with energy efficiency retrofits save you money?
  • Is a home warranty worth buying?
  • Homeowners insurance – what it does not cover
  • New 20121building and energy codes – am I grandfathered in?
  • Hiring the right contractor
  • Financing; Refinancing, second mortgages, financing repairs
  • Paying your mortgage! What is the difference of a billing date and a due date?
  • What to do when you are facing a financial hardship?

Bottom line: Prepare yourself. Home ownership costs are bearable -- people pay them every day -- as long as you know what's coming. You may even want to scale back the size of the home you're looking for in order to bring the whole package in line with your budget.

Sponsors: United Community Bank, Ohlson & Medlock, LLC Law


3 Hour In Class | Continuing Education Course
My CE Class, LLC #2914 | www.classeswithcathymcdaniel.com | classeswithcathy@gmail.com

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Cathy McDaniel

Cathy has had a far-reaching career that includes over 29 years in the real estate industry, more than 18 years of teaching experience and is known as a subject matter expert and consumer advocate in homeownership. She has authored more than 300 training manuals, met and trained more than 180,000 real estate professionals and has conducted more than 3,000 live classes since 2007. During 2022, more than 37,000 registered for a class through Eventbrite. 2023 is surly to be a busy and exciting time for education to keep up-to-date with real estate trends, challenges and solutions.

Cathy McDaniel is the author of “A Road Map To Saving Your Home" which is available at the National Association of REALTORS bookshelf.

Cathy is recognized as an industry expert and a has earned a Google 5-Star rating from her students. She also received from Georgia Real Estate Educators Association the 2016 “Outstanding New Program Course” and the 2008 “Educator of the Year". She has a partnership with The CE Shop for self-study online courses, D.R. Horton Communities for onsite agent training and Ohlson & Medlock, LLC Law Firm and many others which allows her to offer a variety of class topics and community events.

2023 Learning Experience Platform

NEW! All classes will include a digital download to learning material, audio lecture recording link, assessment form and useful online tool folder. Her monthly training platform includes CE classes, certificate, designation courses, 25 hour post license course for new agents on Tuesday evening and Saturday morning, Georgia law curriculum to renew your license, Code of Ethics and much much more.

Visit:  www.classeswithcathymcdaniel.com for more information. Click here to view her calendar and register for a class.  

Need help? Send Email: classeswithcathy@gmail.com

To predict the future you must create it ...Cathy McDaniel 

 Cathy's Motto:  "Autograph Your Work With Excellence!"