Home / Business and Economy / Homebuyer Seminar holds successfully in Newark; $1 homes of major interest; Follow-up Seminar coming
Mr. Sam Adjangba

Homebuyer Seminar holds successfully in Newark; $1 homes of major interest; Follow-up Seminar coming

Tyrone Lowman
Participants listening with rapt attention during the early moments of the Seminar

Typical Newark property development project

 

The Homebuyer Seminar, which was held in Newark, New Jersey, United States of America (USA) on Saturday turned out to be hugely informative for all the participants especially as virtually all aspects of the homebuying process were painstakingly explained to them by the key speakers, Mr. Sam Adjangba and Tyrone Lowman, who are experts in the sector.

The interactive session saw the speakers encouraging participants who are currently tenants to buy homes and those who already have homes to acquire investment properties, explaining, with statistics, the great advantages in doing both and the step-by-step processes to achieve the goals.

Patiently, the speakers explained the Newark Masterplan, the current real estate statistics, and the real estate landscape of the city as well as the frightening issue of gentrification. They shed light on the difference between renting and owning homes, why today is the best time to buy real estate and how to go about buying property.

The experts went through the mortgage process in a most simplified way with the participants, spoke on what is required for prequalification, undertook credit counselling, explaining how to assess credit worthiness and discussed different programs that can help different categories of prospective homebuyers, like teachers, to buy their first homes or purchase investment properties.

Participants were also exposed to the opportunities that abound in the real estate sector in Newark, the windows that the City’s government are opening up for individuals, complete with funding options, as well as the trends and projections, and the moves that people must make now that would yield great profit in the near future.

A major area of interest for most of the participants, however, concerns the $1 houses that the Newark City Mayor, Ras J. Baraka is collaborating with the Neighborhood Assistance Corporation of America (NACA) to make available to Newark residents.

Mr. Adjangba explained his connection with the program and encouraged all those interested in it to go to NACA’s website for first-hand information and registration.

Overall, the Seminar was a huge hit as all the participants at the end seemed reluctant to leave the venue.  The participants continued to seek clarification about different aspects of the homebuying process. Patiently, Mr. Adjangba and Mr. Lowman answered them all, with the promise that soon, there will be a follow-up Seminar to further discuss the homebuying process and help all those that they can help to buy their own homes and investment properties.

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