Let's Talk Money: Buying Your First Home and Understanding Appraisals

Let’s talk about money.

How can you find money to help you buy a home? How does an appraisal affect the money involved in your purchase? What creates value in a home, and how does that value connect to the equity and wealth you build?

Buying your first home is an exciting milestone, and having the right information can help you move forward with confidence. Money for a down payment and closing costs may help open the door to homeownership. Understanding the appraisal process can help you make informed decisions as you work toward closing on the home you want.

The conversation continues after you receive the keys. Your home’s value can affect your equity and your opportunities to build wealth. When an appraisal contains errors or is affected by bias, it can also affect your purchase or the value of the home you already own. Knowing how to review an appraisal and request a reconsideration of value can help you understand your options when something doesn’t seem right.

Join The WEALTH Collective and the City of Philadelphia for a morning of breakfast, presentations, and a panel discussion about buying a home, understanding its value, and protecting your investment.

First-time homebuyers, homeowners, and community members are welcome. Come ready to learn, connect, and ask questions.

Info: Welcome, Breakfast and Introdutions

Info: Learn about city, state, nonprofit, and community-based programs that may help with down payment and closing costs. Hear how a housing counselor can help you explore available options.

Info: Learn how appraisals work, what goes into determining a home’s value, and how that value can affect your purchase and equity. Explore appraisal bias, your rights, and how to request a reconsideration of value.

Info: Join housing and real estate professionals for a conversation about what a home’s value means to the people who own it and the families who hope to buy one. Panelists will share perspectives from their work with buyers and homeowners, including finding money for a home purchase and navigating situations where an appraisal affects a purchase, refinance, or access to equity.

The discussion will also explore appraisal bias and undervaluation, how they can affect a family’s wealth and the surrounding community, and what buyers and homeowners can do when they have concerns. Hear about challenges professionals and their clients have encountered, the steps they took, and the lessons they learned.

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6150 Cedar Ave, 6150 Cedar Avenue, Philadelphia, United States

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