Chapter 12

Question 1

When selling a home, you should think like a ——

Answer 1

Retailer

Question 2

The return on investment of fix-up dollars is ——

Answer 2

Enormous

Question 3

The most important aspect of preparation is attention to the ——— appeal

Answer 3

Curb

Question 4

When selling your home, make sure that it is listed on the ——

Answer 4

Internet

Question 5

When selling, statistical research has found that the best realtors are worth —— than they cost

Answer 5

More

Question 6

The exposure through the —— listening service (MLS) is worth it

Answer 6

Multiple

Question 7

When selecting a realtor, do not rely on —— or ——

Answer 7

Friendships, relatives

Question 8

These are professionals. You should always —— them

Answer 8

Interview

Question 9

Offering a home —— will typically not make a sale. If the buyer asks for a warranty, then consider it with that offer

Answer 9

Warranty

Question 10

Home ownerships is a great investment for three reasons:

1. Its a —— savings plan
2. Its an —— hedge
3. It grows virtually —— - ——

Answer 10

1. Forced
2. Inflation
3. Tax-free

Question 11

Title insuranc insures you against an —— title, which is when your proper ownership is an question. It is a good buy

Answer 11

Unclean

Question 12

Always get a land —— if buying more than a standard subdivision lot.

Answer 12

Survey

Question 13

Realtors access to the —— system can make house hunting easier, but be careful. Many agents can only think like retailers, which is not what you want when buying

Answer 13

MLS

Question 14

Buy in the —— price range of the neighborhood

Answer 14

Bottom

Question 15

Homes appreciate in good neighborhoods and are priced based on three things:

Answer 15

Location, location, location

Question 16

If possible, buy near —— or with a ——

Answer 16

Water

View

Question 17

Always buy a home that is (or can be) attractive from the —— and has a good basic ——

Answer 17

Street

Floor plan

Question 18

Have the home inspected mechanically and structurally by a certified —— ——

Answer 18

Home inspector

Question 19

Appraisals are an “—— of value” but it’s better option than the current homeowner has always order one if in doubt

Answer 19

Opinion

Question 20

What not to buy:

1. —— or ——
2. ——

Answer 20

Trailer or mobile homes

Timeshares

Question 21

First remember to —— debt

Answer 21

Hate

Question 22

The best mortgage is the —— down plan

Answer 22

100%

Question 23

There is nothing wrong with —— for a little while. This demonstrates —— and wisdom.

Answer 23

Renting

Patience

Question 24

Get a payment of no m re than —— of your take home pay on a —— fixed-rate loan, with at least —— down

Answer 24

25%
15 yr
10%

Question 25

Adjustable rate mortgage (ARM) were bought on with the advent of —— interest rates in the early 1980’s

Answer 25

High

Question 26

The concept of ARM is to—— The risk of higher interest rates to the ——- and, in return the lemme gives a lower rate up front

Answer 26

Transfer

Borrower

Question 27

Of course —— Loans are a bad idea you are only paying the interest

Answer 27

Interest only