Page 6 - Edwards AFB Desert Wings 7-3-15
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Desert Wings July 3, 2015
6 www.aerotechnews.com/edwardsafb facebook.com/EdwardsDesertWings
Seminar provides advice for smart home buying
by Rebecca Amber RQWKH9$ZHEVLWHZZZEHQH¿WV HVWRQO\ORDQDQ$50ORDQRUEDO- The base housing office does To see homes for rent that have
Staff writer community inspections for houses EHHQYHUL¿HGE\EDVHKRXVLQJRI-
va.gov/HOMELOANS/. loon payment at the end? and apartments in the area to en- ¿FHVYLVLWWKH'2'DSSURYHGVLWH
Whether you are a first-time 9$¿QDQFLQJFDQDOVREHXVHG sure that renters and buyers are in www.homes.mil.
home buyer or looking to purchase Once a home seeker has talked ³TXDOLW\FRPPXQLWLHV´7KH\DOVR
an investment property, the Hous- WRUHQRYDWHD¿[HUXSSHU4XDOL- provide information on local util- The Housing Management Of-
LQJ0DQDJHPHQW2I¿FHLVKHUHWR to the bank and determined their ity companies including what de- ¿FHLVRSHQDPSP0RQ-
help. June 17, they brought subject fied renovations might include posits the home buyer can expect day-Friday, closed on federal holi-
matter experts to the Airman and price range, they need a real es- to pay. For the active duty person- days. Walk-ins are welcome.
)DPLO\5HDGLQHVV&HQWHUIRUDIUHH kitchen or bathroom remodels or QHOWKHKRXVLQJRI¿FHDOVRTXDOL-
Home Buyer’s Seminar. tate agent or realtor to find a fies both inbound and outbound For more information, call the
new plumbing. members for on-base housing at Housing Management Office at
“We offer services for any Ed- property. Greg Galli, Greater AV current or new locations. 661-277-4506 or email 412tw.
wards AFB employee; if you need “There’s a lot of criteria, you’ve $VVRFLDWLRQRI5HDOWRUVSUHVLGHQW ce.housing.questions@us.af.mil.
help finding a place in the local
community, if you want informa- got to jump through a lot of hoops explained the differences between Air Force photograph by Rebecca Amber
tion about the off-base options, we
SURYLGHWKHLQIRUPDWLRQWR\RX´ to do it, but it’s eligible and you the two. 7KH+RXVLQJ0DQDJHPHQW2I¿FHRIIHUHGDIUHH+RPH%X\HU¶V6HPLQDU
said Amanda Cardwell, housing June 17, at the Airman and Family Readiness Center.
management specialist. “A good can go up to $35,000 maximum “A realtor is somebody who has
90 percent of our business, now IRUWKHUHKDEFRVW´VDLG'HH
that we are privatized, is off-base a real estate license, but they sub-
UHIHUUDOV´ Financial adviser Scott Alexan- VFULEHWRDKLJKHUFRGHRIHWKLFV´
During the seminar, house seek- der, reminded attendees that it’s said Galli. “If you have a problem
ers learned about realtors, title and
escrow, and home inspections. For important to get pre-authorized or with your realtor, you can report
9$ORDQTXDOL¿HGSHRSOH'HQLVH SUHTXDOL¿HGIRUWKHORDQEHIRUH WKHPWRWKHERDUG´
Dee, senior home loan consultant,
was there to explain how to make looking at houses. After a house is chosen, both
the most of the VA funding. 5HFDOOLQJKLV¿UVWKRPHEX\LQJ
the buyer and seller enter escrow.
According to Dee, the VA offers experience he shared, “I’m walk-
XSWRSHUFHQW¿QDQFLQJZLWK The escrow specialist is “like the
no down payment and no private ing into this million dollar house KXERIWKHZKHHO´WKDWFROOHFWVDOO
mortgage insurance. There is how-
ever a VA funding fee. The maxi- going, ‘this is great, this is so of the pertinent documents for the
mum financing varies for each QLFH¶,WKDGKHDWHGWLOHÀRRUVDQG
state and county, and can be found sale.
I’m thinking, ‘this is so great, I’ve ³(VFURZFDQEHYHU\VWUHVVIXO´
JRWWRKDYHWKLVKRXVH¶´
said title and escrow specialist Mi-
But when he got to the bank,
chelle Flanagan. “Take everything
he was quickly informed that
very slow, go through it and when
he could only afford a $160,000
you have questions ask us, we are
house. KDSS\WRKHOS´
“This is the most important 7KH¿QDOVSHDNHURIWKHDIWHU-
thing: what you borrow is more noon, Greg Bechner, is a home in-
important than the interest rate, spector and general building con-
because what you borrow is what tractor. He said not all defects are
\RXRZH´VDLG$OH[DQGHU
obvious, which makes a thorough
He also addressed common
home inspection crucial. Even
questions like, should I pay it off
brand new homes can fail parts of
early? And, should I get an inter-
the inspection.
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