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Chapter 22 Buying a Home.


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Chapter 22 Buying a Home. Why Buy a Home? The Home-Buying Process. Lesson 22.1 Why Buy a Home?. Discuss the financial and quality-of-life advantages of home ownership. Describe the costs and responsibilities that accompany home ownership. Advantages of Home Ownership. Equity increases
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Slide 1

Section 22 Buying a Home Why Buy a Home? The Home-Buying Process © South-Western Educational Publishing

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Lesson 22.1 Why Buy a Home? Examine the monetary and personal satisfaction preferences of home proprietorship. Depict the expenses and duties that go with home possession. © South-Western Educational Publishing

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Advantages of Home Ownership Equity builds Market esteem Equity Tax reserve funds Quality-of-life points of interest © South-Western Educational Publishing

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Costs and Responsibilities of Home Ownership Down installment Mortgage Closing Property charges Insurance Utilities Maintenance and repairs © South-Western Educational Publishing

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Lesson 22.2 The Home-Buying Process Describe the means in the home-purchasing process, from selecting a home to purchase through claiming it. Talk about how to acquire financing and the occasions that happen at shutting. © South-Western Educational Publishing

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Finding and Selecting a Home Working with a land operator Multiple Listing Service (MLS) Making an Offer Earnest cash Contingency Acceptance Counteroffer © South-Western Educational Publishing

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Obtaining Financing Down installment sources Qualifying for a home loan Types of home loans Fixed-rate contract Adjustable-rate contract © South-Western Educational Publishing

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Taking Title to Property Title Deed Lien © South-Western Educational Publishing