AVID Real Life Project Game

Front

What is the first step in buying a home as a college student?

Back

Determining your budget

Front

What percentage range is generally recommended for a down payment?

Back

3-20

Front

Why is researching the local market important when buying a home?

Back

To understand potential resale and rental values

Front

Which is a benefit of having a good credit score when buying a home?

Back

Better mortgage rates

Front

Which of the following is NOT a recommended source of income for a college student buying a home?
Part-time work,
Internships,
Family contributions

Back

Student loans

Front

What is a common way for college student homeowners to cover mortgage costs?

Back

Renting out part of their property

Front

What should you do before committing to buying a property?

Back

Conduct a thorough property inspection

Front

Which of these is NOT a cost associated with homeownership? Property taxes, Mortgage insurance, Home maintenance

Back

Rental lease fees

Front

Why is it important to set a realistic budget when buying a home as a student?

Back

To avoid overextending financially.

Front

What is the purpose of getting pre-approved for a mortgage?

Back

To show sellers you're a serious buyer