Chapter 12 Flashcards
When selling a home, you should think like a ——
Retailer
The return on investment of fix-up dollars is ——
Enormous
The most important aspect of preparation is attention to the ——— appeal
Curb
When selling your home, make sure that it is listed on the ——
Internet
When selling, statistical research has found that the best realtors are worth —— than they cost
More
The exposure through the —— listening service (MLS) is worth it
Multiple
When selecting a realtor, do not rely on —— or ——
Friendships, relatives
These are professionals. You should always —— them
Interview
Offering a home —— will typically not make a sale. If the buyer asks for a warranty, then consider it with that offer
Warranty
Home ownerships is a great investment for three reasons:
- Its a —— savings plan
- Its an —— hedge
- It grows virtually —— - ——
- Forced
- Inflation
- Tax-free
Title insuranc insures you against an —— title, which is when your proper ownership is an question. It is a good buy
Unclean
Always get a land —— if buying more than a standard subdivision lot.
Survey
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
MLS
Buy in the —— price range of the neighborhood
Bottom
Homes appreciate in good neighborhoods and are priced based on three things:
Location, location, location
If possible, buy near —— or with a ——
Water
View
Always buy a home that is (or can be) attractive from the —— and has a good basic ——
Street
Floor plan
Have the home inspected mechanically and structurally by a certified —— ——
Home inspector
Appraisals are an “—— of value” but it’s better option than the current homeowner has always order one if in doubt
Opinion
What not to buy:
- —— or ——
- ——
Trailer or mobile homes
Timeshares
First remember to —— debt
Hate
The best mortgage is the —— down plan
100%
There is nothing wrong with —— for a little while. This demonstrates —— and wisdom.
Renting
Patience
Get a payment of no m re than —— of your take home pay on a —— fixed-rate loan, with at least —— down
25%
15 yr
10%
Adjustable rate mortgage (ARM) were bought on with the advent of —— interest rates in the early 1980’s
High
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
Transfer
Borrower
Of course —— Loans are a bad idea you are only paying the interest
Interest only
