Buying a home is a daunting task to undertake, especially when you face rising prices, complicated rules and problems with lenders.
It is undeniably more difficult for people today to buy homes than it was for their parents. However, Women of Worth and Excellence makes the home buying process an achievable goal for the average person.
WOWE, a collective group of women entrepreneurs, will present The Home Buyer’s Guide to registered attendees on Saturday, February 26 at 9:00 a.m. at the Oxford-Lafayette County Chamber of Commerce located on West Jackson Avenue.
This is a free outreach to the community and interested parties are welcome to register while places are open. There are 30 places left and 20 participants are already registered.
WOWE Founder and Realtor Tammy Herod said many people want to buy a home but don’t even know the first step.
“There are many people who don’t know a house because they don’t know they can buy one,” Herod said. “They’re paying astronomical rents and they’re fed up.”
The seminar will guide participants through the ins and outs of buying a home and property with the expertise of Herod, other real estate agents and lenders. From credit score advice to loans from the Federal Housing Administration, the Class Home Buying Guide will be sure to answer any questions a first-time home buyer may have.
Herod wants to make resources and knowledge more accessible to people who have never even learned the basics of home ownership.
A key aspect of buying a home is actually having money to put forward. Herod said she would share her best tips and advice on how to save money.
“Most people can have good credit, have a good job, and make decent money, but they don’t have a down payment,” she said. “So we will share how to save money. Not only do you save money, but there are programs to help with down payments.
Herod acknowledges the national real estate problem that hits too close to home for many people struggling to buy their first home.
“There is very little affordable housing in Oxford,” she said. “So most ordinary people have to live outside the county or even in another county because there are no houses to buy under $200,000. Not everyone can afford a $200,000 home. There are people who could, can and do, but there must be houses available that cannot afford $200,000.
Herod knows it is possible. On Monday, Herod sold a house to a single mother of four, proving to him that anyone can do it if they put in the work and discipline. And it could all start with the Home Buying Guide Seminar.
“If you put in your work, you can get what you want,” she said. “You don’t have to settle for less than you want.”
The knowledge is there for those who want to have their own home and it can be theirs if they ask for it. Herod is ready to give his students everything they need to succeed.
“In 2022, I want to see more people owning homes and making good financial decisions with their money instead of going out and buying things they don’t necessarily need,” Herod said. “I want to raise awareness in my community about home ownership.”
To register for the Home Buyer’s Guide event, click here for the registration form.