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Buying a Home Flashcards | StudBud
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Buying a Home
Buying a Home
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StudBud Administration
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1 play
A #economics quiz to review the basics to buying a home
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
What would be the first step to buying a house?
doing some research
making an offer
buying a dog
getting pre- qualified
2
why would you want to get a house inspection?
you don' need a house inspection
to determine any damage of the property
to make sure the area is safe and suitable?
to check the property value
3
what could be considered a 'deal breaker' when buying a home?
damage on the property
the home owner's opinions about the home
the realtor's information on the home
how long the home has existed
4
what does FSBO mean?
for sale by owner
farts smell bad omg
fudge slugs beat oliver
for sale by owen
5
what would be a reason to buy through a realtor?
to obtain factual information not available to the public
to have connection to someone who has experience in the home
to have information on the history of the home
to have subjective information about the home
6
what could be classified as a major step in the process of buying a home?
house inspection
filling out the paper work
closing the sale of the home
pre-approval / qualification
7
there are multiple other costs involved when buying a home, not just the purchase of the home
false
true
8
when buying a home, how often should you tour homes listed for sale?
until you find your dream home
as much as possible
once
a couple of times
9
you can only buy a home if you have a realtor
false
true
10
what would be a good price range for a new buyer?
4-8 times your annual household income
6-9 times your annual household income
3-5 times your annual household income
5-7 times your annual household income
