REAL ESTATE 101 - QUIZ
Real Estate 101 Quiz
Are you ready to embark on your journey to homeownership? Take our Real Estate 101 Quiz to test your knowledge and prepare yourself for the exciting world of buying a home!
- Understand the home buying process
- Learn about important financial steps
- Discover safe investment strategies
What is the First Step to Home Buying
Saving for a downpayment
Research
Getting Pre Approved
Knocking on the door to the house you want to buy
Going shopping
You will need to be pre approved before buying a home
True
False
If you are a first time home buyer how much how much do you need to put down?
5%
10%
5-10%
$100,000
20%
Why is real estate a safe investment?
It makes you money
Its better then stocks
It gives you a place to live
It builds equity & future wealth
You are ready to buy a home (You have a downpayment and are pre approved) What do you do next?
Research
Hire an agent
Save more money
Hire a lawyer
You bought a house! Your offer has been accepted, what do you do next?
Buy a new car as well to match your new house
Move in right away
Contact your lawyer, ensure your mortgage is arranged and wait until the day of key exchange
Take a vacation since you need a break from house hunting
You closed on your house. Whats next? Click as many choices as you think
Get a dog
Make sure you have home insurance
Set up your Utilities
Pay your monthly mortgage
Maintain your property
What are other ways you can invest or make money, in to get you prepared to invest in the real estate market- Choose as many options as you think
Stock Market
TFSA account
Small business Start up
Additional jobs
Learning a new skill to make money
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