Buying event gets a lot of interest
"It shows something -- either curiosity or folks very interested in the $3,000 assistance toward closing costs," says Teresa Stephens, Live Baltimore's marketing director.
Buying Into Baltimore is part home-buyer education, part housing tour. But what about that $3,000, you ask?
The grant, which can be used toward a down payment as well as closing costs, goes to the first 50 people who sign a contract after the event to buy a home in the eastern half of Baltimore. To qualify, buyers must see at least four of the 16 east-side homes on the tour and get housing counseling (plus settle within 90 days of Saturday's event). There's no requirement to buy one of those tour homes, by the way. See more details about the $3,000 grant HERE.
A lot of the pre-registering callers are asking about those grants, so that's clearly part of the reason for the increase. Before mortgage standards began tightening last year, it was much easier to get a no-money-down loan.
The event starts at 9 a.m. Saturday at Baltimore City College High School, 3220 The Alameda.