Home Ownership

Front

What should you have done before buying a house?

Back

Have the home inspected

Front

You should know the property lines before purchasing a home.

Back

True

Front

Why are Tract homes cheaper to build?

Back

Similar floor plans, Simple floor plans, The same contractors are building all of them

Front

What is the cheapest home to purchase? Options: Custom built home, Tract home, Modular home, Rental home

Back

Modular home

Front

You must have a real-estate agent to buy or sell a house.

Back

False

Front

When does a real-estate agent make their money?

Back

When you buy or sell a house

Front

A house cannot sell for more than the asking price.

Back

False

Front

Is a contingency clause important to add when making an offer on a house?

Back

True

Front

What percentage does a homebuyer need to put down on the loan to get rid of the PMI insurance?

Back

20%

Front

Interest rates do not effect your monthly mortgage payment on a home. True or False?

Back

False