Skip to Main ContentAbout CalBRE | Contact Us | Newsroom | Forms | PublicationsStatewide search: Search this site: This Site CaliforniaHOMECONSUMERSLICENSEESEXAMINEESDEVELOPERSHome Consumers FinancialLiteracyShare on facebookShare on twitterShare on emailShare on printMore Sharing Services4Financial Literacy Outreach Program HIGH SCHOOL FINANCIAL LITERACY COURSEThis Financial Literacy High School course is provided by the California Bureau of Real Estate in partnership with Sacramento Charter High School and the National Association of Real Estate Brokers-Investment Division, Inc., a HUD Housing Counseling Agency NID-HCA (“NID-HCA”). Its production and distribution is part of a CalBRE Financial Literacy Outreach Program initiative.Introduction to Financial Literacy 101 – High School Course (Video)The following two links are downloadable versions of the CalBRE’s “Financial Literacy 101″ High School Course materials:Student Guide Supplemental Course Materials To obtain a copy of the Teacher’s Guide and supporting materials, please contact Dionne Faulk at (213) 620-2555 or Dionne.Faulk@bre.ca.gov. You may also mail your request to the following address:Bureau of Real EstateAttn: Dionne Faulk320 West 4th Street, Suite 350Los Angeles, CA 90013-1105EVENT SPOTLIGHTApril 2013 is the 13th Annual California Financial Literacy Month – “Helping Californians Make Informed Financial Decisions.” This coordinated consumer education campaign encourages individuals throughout the State to take full advantage of free resources designed to improve financial literacy and increase decision making power. This year’s theme – “Helping Californians Make Informed Financial Decisions” – highlights the importance of making well-informed financial decisions to achieve financial goals.UPCOMING EVENTS – 2013Date Event MaterialsApril 10 State Capitol Financial Literacy Fair – State Capitol – North Steps, 11:00am to 1:30pm April 10 Financial Literacy Series hosted by Assemblymember Roger Dickinson and Senator Darrell Steinberg – 5:30 to 7:30pmArthur F. Turner (AFT) Community Library1212 Merkley Ave., West Sacramento April 11 Financial Literacy Series hosted by Assemblymember Roger Dickinson and Senator Darrell Steinberg – 5:30 to 7:30pmGreater Sacramento Urban League3725 Marysville Blvd., SacramentoNote: Parking lot is on the corner of Balsam and Roanoke April 16 Financial Literacy Series hosted by Assemblymember Roger Dickinson and Senator Darrell Steinberg – 5:30 to 7:30pmClunie Community Center601 Alhambra Blvd., Sacramento April 18 Financial Literacy Series hosted by Assemblymember Roger Dickinson and Senator Darrell Steinberg – 5:30 to 7:30pmFruitridge Community Center4000 Fruitridge Rd., Sacramento ASK THE EXPERTS – VIDEO SERIESCHAPTER SPEAKER & TOPIC1Dionne Faulk: Intro to DRE, and Financial Literacy Outreach ProgramMark Riedy: The Real Estate and Mortgage MarketDan Sandri: Issues to Consider when Buying a Home2Tom Pool: Protecting Yourself During the Loan ProcessKathy Smith: Importance of High School Students Establishing Savings/Checking Accounts3Scott Brogery: Financial Planning & Budgeting for High School StudentsWayne Bell: Finding the Right Real Estate Professional4Chris Neri: Common Mistakes People Make When Buying a HomeManny Aguilar: Establishing & Maintaining Good CreditJosh Torres: Vehicle Purchase & The Affect Your Credit Score Has On Your Loan Terms5Emily Haward: Education Financing Options & ResourcesTali Abramson: Key Topics for First Time RentersRich Dusansky: How to Protect Your Identity & Financial FutureShannon Faulk: Insurance – Who Needs It & Why6Steve Ellis: Important Steps to Purchasing a HomeBill Moran: Protect Yourself During the Home Buying Process7Chris Sorenson: Financial Literacy & the Four B’s: Buying, Budgeting, Borrowing & BeyondJacqueline Carlisle: Obstacles to Buying a HomeMichael Spilger: Short Sale vs. Foreclosure – Affects on Your Credit ScoreSTAY CONNECTEDLooking for the latest information on Financial Literacy? Use the following services to stay informed on Financial Literacy news and events:News Flash – Subscribe using your email address or an RSS reader to receive automatic notifications related to CalBRE news, including the Financial Literacy Outreach Program.Twitter – Follow us on twitter!FINANCIAL LITERACY LINKSCalifornia Financial Literacy – Bureau of Real Estate in partner with California Community CollegesFinancial Literacy for Teens – Department of Consumer Affairs (DCA)Grades K-12 Financial Literacy Resources – Department of Education (DOE)Financial Literacy Resources for Students – Sacramento State University (CSUS)Office of Financial Education – US Department of the TreasuryU.S. Financial Literacy and Education Commission – Mymoney.govCalifornia Financial Literacy MonthPowered by TranslateThis Google translation feature is provided for informational purposes only as CalBRE is unable to guarantee the accuracy of this translation. Please consult a translator for accura
Skip to Main ContentAbout CalBRE | Contact Us | Newsroom | Forms | PublicationsStatewide search: Search this site: This Site CaliforniaHOMECONSUMERSLICENSEESEXAMINEESDEVELOPERSHome Consumers InformationForHomebuyersShare on facebookShare on twitterShare on emailShare on printMore Sharing Services53Information for HomebuyersBuying a house is generally the biggest investment that the average person will make in his or her life. Following are some important things to consider when purchasing a home.SHOULD I BUY A HOME?In addition to providing you with a place to live, owning a home can provide you with a possible investment for many reasons including potential equity growth, the stability that comes with having ownership in a community, and possible tax advantages.Renting might make more sense for a mobile lifestyle or if you may need to move because of a job change or other factors. If you do not foresee staying in your home for several years, the amount of equity that you build up over the first year or two may be lost through selling costs and real estate commissions.CAN I AFFORD TO BUY A HOME?Normally, you need to have enough savings to cover a down payment of 5% to 20% of the purchase price plus an additional 3% to 7% of this price for closing costs. If you do not have the down payment, you may be able to qualify for a loan under various government programs that are available.Before you begin looking for a home decide what you want and can afford. Various factors are considered when a lender qualifies a purchaser for a home purchase including credit history, job stability and the size of the down payment. Prior to shopping for a home you may wish to visit a respected lender to determine the loan you can afford. See mortgage market and loan process for more information.SELECTING AN AGENTBefore you select an agent, do your homework. Interview several real estate agents to determine their level of experience in the area you wish to purchase. Check to ensure that the agent is properly licensed by the California Bureau of Real Estate (CalBRE). Review any disciplinary actions that may be reflected on the licensee record and assess whether or not that information is important to you in your selection of an agent. Also, ask the agents for the names of past clients and check their references. See agency relationships for more information.FINDING YOUR HOMEBefore you look for a home, you should determine the features that you need such as the location, number of bedrooms, size of the lot and proximity to stores, schools, hospitals, work and other services such as fire and police protection. You should also determine if there are any special taxes, assessments or homeowners association dues that could affect your monthly expenses.INSPECTING THE HOMEOnce you find a house that meets your specific needs, you should check the electrical, plumbing and structural integrity of the property. Consider hiring a qualified inspector to evaluate the structural aspects of the home you are considering purchasing. By doing this, you are giving yourself the opportunity to negotiate any necessary repairs with the seller. Under any circumstances, buying a home requires maintenance and sometimes unexpected expenses for repairs. When you make a decision to buy a home, remember to include this in your budget.PRESENTING AN OFFERDecide what you wish to pay for the property. A good basis for this is to determine what other properties in the neighborhood have sold for. Your real estate agent can be a valuable source for this information.Make sure that your offer contains any contingencies or special conditions that you desire in the contract. This would include your need to qualify for a loan, repairs that you want the seller to complete prior to the close of escrow, as well as pest control inspections, home inspections, home warranty programs, and any other specific items. Remember, if your offer is accepted and thus becomes a binding contract, failure to complete the purchase could affect the return of your deposit.You should thoroughly review the contract before signing it and make certain that you understand it. If there are portions of the document that you do not understand, you should seek appropriate professional advice. If your real estate agent is unable to adequately answer your questions, you should ask to speak with his or her broker or seek legal advice. Make sure that the offer you sign does not contain any blank spaces that can be filled in after you signed it. Also, avoid giving cash as a deposit or down payment. Instead, always use a check, money order or cashier’s check. This provides a permanent record of the money that you have deposited. See purchase contract and receipt for deposit for more information.DISCLOSURESThere are a number of disclosures that you are entitled to receive during the course of your purchase. Two of the most important disclosures that you should receive in a residential purchase are as fol
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