Pop Quiz

Multiple Choice:

1. The best way to hunt for a home is to:

a. Go out and look at as many homes as possible until you find the one
b. Hook up with a real estate agent or broker and let them do the work
c. Do some research and know what you want before you begin

True or False:

2. Owning a condominium is no different than owning a single family home.
True False

3. Owning a co-operative apartment works the same way owning a condo works.
True False

4. A homeowners or condo association only governs the public areas of the community and doesn't affect what I do on my own property.
True False

5. The money I would pay each month to the homeowners or condo association would not affect the loan amount I could afford.
True False

6. I should make a list of wishes, wants and needs before looking for a home and not take any home that does not include all of my "need" items unless the home can be remodeled to meet that need.
True False

7. Remodeling should be an option when looking for my dream home.
True False

8. How long I plan on staying in the home doesn't matter to my search. The only thing that matters is finding the right home.
True False

9. Getting pre-qualified and pre-approved is the same thing.
True False

10. All loans are the same and it doesn't matter which one I get as long as I can still afford the house I want.
True False

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