...0,2 Aceptan su oferta Ofrece US$ 390.000 US$ 4.000 US$ 20.000 0,8 No aceptan su oferta US$ 0 0,3 Aceptan su oferta Ofrece US$ 395.000 US$ 4.500 US$ 4.500 US$ 15.000 0,7 No aceptan su oferta US$ 0 Hace segunda oferta US$ 4.500 0,7 Sí hay más oferentes Ofrece US$ 390.000 US$ 5.550 No hace segunda oferta US$ 0 0,4 Aceptan su oferta 0,3 No hay más oferentes US$ 8.000 US$ 20.000 0,6 No aceptan su oferta US$ 0 0,5 Aceptan su oferta Ofrece US$ 400.000 US$ 5.000 US$ 10.000 0,5 No aceptan su oferta US$ 0 0,7 Aceptan su oferta Ofrece US$ 405.000 US$ 3.500 US$ 5.000 US$ 5.000 0,3 No aceptan su oferta US$ 0 Hace segunda oferta US$ 5.000 0,7 Sí hay más oferentes Ofrece US$ 400.000 US$ 5.300 No hace segunda oferta US$ 0 0,6 Aceptan su oferta 0,3 No hay más oferentes US$ 6.000 US$ 10.000 0,4 No aceptan su oferta US$ 0 0,7 Aceptan su oferta Ofrece US$ 405.000 US$ 3.500 US$ 5.000 0,3 No aceptan su oferta US$ 0 0,8 Aceptan su oferta Ofrece US$ 410.000 US$ 0 US$ 3.500 US$ 0 0,2 No aceptan su oferta US$ 0 Hace segunda oferta US$ 3.500 0,7 Sí hay más oferentes Ofrece US $405.000 US$ 3.800 No hace segunda oferta US$ 0 0,9 Aceptan su oferta 0,3 No hay más oferentes US$ 4.500 US$ 5.000 0,1 No aceptan su oferta US$ 0...
Words: 296 - Pages: 2
...Steps to Buying a House In today’s volatile housing market its paramount that buyers do their own research and be prepared, so when they start thinking about making an offer on the home of their dreams they don’t end up with someone else’s nightmare. Before you ever call a realtor or even go driving around looking for that new place for your family to make their dreams come true, you need to complete these three steps first. 1. Determine a budget. What can you afford? Make sure you include all costs in owning a home, i.e. PMI, Home Insurance, HOA, etc. 2. Now that you know the amount you can afford, you can start looking in the areas that fit your financial situation. a. Do a realistic calculation on what size home you need. (This is where most people get in trouble) b. Once you know the size of the house you are looking for you can start bracketing your property searches to the area and size home you’re looking for. 3. Now that you’ve found the home you want the work has only just begun. Now the real work of negotiating begins and this is where a realtor comes in handy, however, you still want to know what other comparable homes in the area are selling for so you don’t offer or pay too much. When world economies are bouncing around on the verge of collapse it is hard to know when to invest and when to keep your money at home. If someone will do just the basic research they can find out a ton of information to help them make a wise decision when it comes to buying a...
Words: 286 - Pages: 2
...Loan Project: Buying a House Name Institution Professor’s Name Course title Date of submission Loan Project: Buying a House For this assignment, you will analyze a home mortgage loan. 1. Find a description, asking price, and real estate taxes of a house for sale, and decide on a purchase price you would be willing to pay (assuming you have the means). Find a current market interest rate for a 30-year fixed-rate mortgage having a down payment of 20 percent of the purchase price. Property Description: One of the best newly built homes in the neighborhood name, with all the upgrades one can imagine for a family to come home every day. The following are just a few of the upgrades include(Brickfront home, Granite counters, oak cherry cabinets, All new appliances, hardward floors throughout the main floor, fireplaces in family and master bedroom, huge walk in closets in all rooms, finished basement. Asking Price: $775,000 I am willing to pay the listing price after reviewing all the info provided about the house it is worth the buy. Estimate monthly payment: $3,144 Down Payment: 155,000 Interest rate for 30 years: 4.500% County Taxes: 9,042.93 2. Compute the down payment, amount financed, and the monthly mortgage payment (showing how to apply the appropriate financial formula and showing the calculations). Asking price = $775,000 Purchase price = Asking price = $775,000 Down payment = 20% of purchase...
Words: 1669 - Pages: 7
...Simple Interest (a) If $1,000 earns 3% annual simple interest, how much interest is earned and what is the future value in 4 years? (b) In order to have a balance of $2,000 in 3 years, how much money must be deposited now at 5% annual simple interest? Question 1 options: | Question 2 Suppose $5,000 is borrowed at 9% add-on interest, with monthly payments for three years. How much is paid in interest and what is the amount of each monthly payment? Question 2 options: | Question 3 $2,000 is deposited into an account paying interest compounded monthly. What will the balance be after 12 years, if the annual interest rate is 1%? 2%? ... 12%? (Complete the following table.) Annual interest rate, compounded monthly | Balance after 12 years | 1% | | 2% | | 3% | | 4% | | 5% | | 6% | | 7% | | 8% | | 9% | | 10% | | 11% | | 12% | | | Question 4 Carol starts with 1 cent. Suppose that at the end of the first day, she earns 1 cent interest, for a balance of two cents. At the end of the second day, she earns two cents interest, for a balance of four cents. At the end of the third day, she earns four cents interest, for a balance of eight cents. Continuing in the same way, what will Carol's balance be at the end of 30 days? Question 4 options: | Question 5 Suppose $1,200 is placed in a savings account earning 4% annual interest. Determine the balance after 10 years if interest is compounded. (a) annually ...
Words: 581 - Pages: 3
...The Advantages of Buying a House over Renting an Apartment Com/172 The Advantages of Buying a House over Renting an Apartment Buying a house for most is the American dream, but with today’s economy many people are unsure if the dream can be obtained. The main concern for most people would be the financial responsibility. Many people believe that the financial responsibility is overwhelming and they are just not ready. Although some people believe they are not financially ready to purchase a home, buying a house is a better option than renting an apartment for three main reasons. First, becoming a first time home buyer can be a very exciting experience that can have a positive long-term effect on some one’s life. Second, a home buyer can make any modifications or changes to a home. Third, and most important, you will eventually own your home. With those three examples, I will show the advantages of buying a house over renting an apartment. The first advantage to buying a home verses renting an apartment is that first time home buyers usually receive incentives or rewards for being first time home buyers. If the home buyer is purchasing a newly built home, usually the builder will give little incentives such as appliances in the home, a gift card to purchase new items for the home or even interior upgrades to the home. In recent years, there was a huge increase in the home buying market. This was the first time home buyers tax credit approved by the federal government...
Words: 1139 - Pages: 5
...The Process of Buying a House Whitley Alexander Central High School Most people want to be the owner of their own house one day, but buying a house is not that simple. There are many processes and steps to buying a house before you can call it your own. The government and taxes play a very important role in this process. Before buying a house, you have to make comparisons about the homes that you think are best for you. The first step to buying a house is starting your research early. As soon as you can, start reading newspapers, magazines, and search on websites that have real estate listings. The next best idea is to take notes of specific homes you find interesting, and keep track of how long they stay on the market....
Words: 1287 - Pages: 6
...Renting is a better option than buying a house. I choose this topic because I have experience in renting and I have experience when it comes to purchasing a house. I believe I will enjoy this subject. In my paper I will show how much it will takes to rent an apartment and how much it takes to buy a house. I will research different real estates. I will ask people that I know that has purchased a house recently. I will gather as much information as possible. It's a good idea to start my essay with a really interesting statement, in order to pique the reader's interest. The next few sentences should explain my first statement, and prepare the reader for my thesis statement. My thesis statement will provide a clear point of view. Next I will look over all my research and my notes so I can organize everything. If I have enough material to sustain my thesis statement, I will organize my research and my notes now I have come up with a conclusion that my audience won’t forget. I will have to be aware of the possible counter arguments that would go against what I am trying to say. I need to plan ahead for oppositions. I will try to hook my audience in my first paragraph then, I will slowly draw them in throughout my entire essay until the last paragraph. I will do some serious brainstorming so I can get to the point that I am seeking. I will read and revise my essay to check to see if it flows the way I want it to. I will check for typos and grammar errors. I will make sure that I...
Words: 354 - Pages: 2
...Renting an Apartment is a better option than buying a House (Week 2 Day 7 Assignment) Is renting an apartment a better option than buying a house? My argument is buying a house is a better option than renting an apartment. The point of view will support my topic by including facts, statistics, examples and details. The point of view will include the pros of buying a home versus the cons of renting an apartment, such as buying a house is an investment versus throwing money away, buying a house can be a tax deduction, buying a house is an investment you can live in, having a fixed mortgage rate in buying a house is a better financial option than having to deal with the inflation of rent every lease renewal, last but not least buying a home will allow you to update and upgrade as you wish, inside and outside. My point of view will also include facts and evidence against the opposing position. An argument cannot be one sided. Including evidence such as an apartment is rent and rent is money that is not an investment, you can add up all the rent you have paid in the past twenty –five years and have nothing concrete to show for it versus paying a mortgage for the past twenty-five years and could own the house in another five in most cases. In an apartment you cannot upgrade as you wish, you may risk rent increasing every year upon the lease being renewed and new management can take over and you lose your apartment. With a house, you get a garage, with an apartment you have...
Words: 384 - Pages: 2
...better than Buying a House Matt Harrell COM/156 November 7, 2010 Karen Campbell Why Renting in Today’s Economy is better than Buying a House Foreclosure crisis is at an all time high across most large metropolitan areas in the United States. Seattle- Tacoma- Bellevue metro area registered the sharpest annual increase, 71% or one in every 129 households received a foreclosure notice. California, Nevada, Florida, and Arizona remain the hotspots for foreclosure across the nation according to RealtyTrack Incorporated Rick Sharga a senior vice president at RealtyTrack quoted “The epidemic is spreading from the states at the ground zero of the foreclosure problems out into areas that had not been previously affected.” One of the latest signs that the foreclosure crisis is worsening across the nation is, high unemployment, slow job growth, and homeowners are uncertain about falling home prices. Concerning housing, he or she has options. He or she has an option to rent and an option to buy. Renting an apartment is a better option than buying a house both renting and buying has many advantages and disadvantages. By explaining these advantages and disadvantages, I will persuade him or her into renting over buying. While renting he or she can save money, instead of spending money. “A survey conducted by Harris Interactive for the National Apartment Association in May 2010 found that 76% of those surveyed now believe that renting is a better option than buying in the current...
Words: 1122 - Pages: 5
...Table of Contents Risk Management Plan for Buying a House and Moving into the House 1 Executive Summary 3 Introduction 4 Project Description 5 Project Sizing 6 Stakeholder Analysis 8 Risk Breakdown Structure 9 Probability – Impact Matrix 10 Risk Register 13 Risk Reviews and Reporting 15 Conclusions and Recommendations 15 References 17 List of Figures Figure 1 – Buying a House 3 Figure 2 – Buying a House and Moving into the House Project – Project Sizing Tool 7 Figure 3 – Buying a House and Moving into the House Project – Stakeholder Analysis 9 Figure 4 – Buying a House and Moving into the House Project – Risk Breakdown Structure….. 10 Figure 5 – Buying a House and Moving into the House Project – Probability and Impact Matrix 11 Figure 6 – Buying a House and Moving into the House Project – Risk Prioritization 12 Figure 7 – Buying a House and Moving into the House Project – Probability and Impact Scales. 12 Figure 8 – Buying a House and Moving into the House Project – Probability and Impact Scoring Scheme 12 Figure 9 – Buying a House and Moving into the House Project – Risk Register 13 RISK MANAGEMENT PLAN FOR BUYING A HOUSE AND MOVING INTO THE HOUSE PROJECT Prepared by: Angel Wallace, Home Buyer, Buying a House and Moving into the House Project Approved by: Ramon Vargas, Home Buyer, Spouse Version: 1 Date: October 21, 2012 Figure 1 – Buying a House Note: From the website: http://www.beazer.com/new-homes-for-sale/Dallas-TX-Willow-Ridge-available_home-Baxter_50'-22932...
Words: 3061 - Pages: 13
...Week 1 Checkpoint When buying a new house you have to take into context all of the principles. You have to ask yourself how the market is for a house, how have living standards changed, is the government improving the market, and etc. Everything plays a factor when buying a house. The one principle that I think is very important is number six. I think one should know the market value for a buying a house and how the cost of living works. Most people tend to think buying a house can be easy, and that’s not true. A lot goes into planning for buying a house. In the current economy that we are in, the cost of living is high and finding an affordable house is very hard. The government isn’t exactly making the market any better either. With the unemployment rate the way it is, it’s hard enough trying to find a job let alone buying a house. Without a steady source of income, one can find buying a house a very hard task to do. Next you have to think about if you’re really ready to give up something else to gain the house that you want. Most people don’t always think rationally and that’s bad. In most cases like this with a house a person might set their self back into debt by buying a house. You may be taking money from other places just to satisfy this one need, when you have other pressing matters. It’s like you giving up your car payments to save for the house, essentially your give up on your car to satisfy another need. Most people aren’t ready to do that. Then again a lot...
Words: 627 - Pages: 3
...New House Sean Monahan XECO/212 07/31/2011 Phillip Post New House When buying a house I will have to consider many things about the pros and cons of either buying a house or renting a bigger apartment and which would better suit my financial situation at the time. Do I have the saving and financial stability to afford a home right now in today’s market? If I can afford a house what are my limits for payments and the new house price that I can afford? These are few of the questions I needs to think that would suit my situation. I will go over each of these in my paper explaining how to look at each of these things when buying a house. There are few principles that would come into play when thinking about buying a new house such People face tradeoffs. When buying a house I may have to give something’s in order to buy a house that I want. It may have to not go on that family vacation or even not go out every week to a dinner with my wife. I must look at the things that are things that I like or want to do and give them up for things that I need or need to do to get what I want. The second principles ties right into the same things as principle one, the cost of something is what you give up to get it. I need to look at what I am giving up and is it worth what I am going to get in return. In the third and fourth principles bring together another whole aspect of buying house also. Will it be beneficial to my family if I buy a house now or will it be better to wait for...
Words: 1805 - Pages: 8
...A New House Buying a new home is not to be taken lightly. Buying a new home is going to be one of the most important decisions a person or a couple will make in there live. To buy a home is not something a person does every day. Millions of Americans consider buying a home, is taking the next step in life. Make sure that it is the next step that you want to take. The decision to purchase a new home in today’s real estate market is a considerably difficult decision to make after weighing the advantages and disadvantages. The current real estate market dictates that today is a perfect time to buy a home as prices are low and interest rates are at all-time lows as well. The real estate market is typically broken into two markets; a buyer’s market and a seller’s market. In a buyer’s market, sellers stand to lose some ground in the bargaining process because a larger number of homes on the market offer buyers a wider selection of homes to choose from. In this situation, buyers have a comparative advantage over sellers because buyers can demand incentives from sellers to close the transaction or find another agreeable seller. When purchasing a home you need to ask a lot of questions before deciding to a home. Some of the issues would be readiness, financial, and emotionally ready to buy a new home. You must also look at your budget, like your income, savings, and insurance. You should make sure that when buying your home you are ready for the long haul, because...
Words: 1281 - Pages: 6
...February 22, 2010 Individual Assignment COM176 University of Phoenix Buying a house is better than renting an apartment In today’s society, buying a house is better than renting an apartment. Buying a house is an investment that pays off in the long run. Whereas, renting is more in the “right now” and you pay a monthly rate depending on the apartment guidelines. Most people, mainly the average person, would purchase a home for many different qualities. These qualities would consist of or somewhere down the lines of having ownership, investments and payments. First, purchasing a house would give one the sense of having ownership. Ownership is having the legal right of owning something, in this case owning a house. Owning your own home allows one to have a piece of mind. Giving them the freedom to do whatever it is they may want to do such as creating a garden, building on to their home, or placing an out door pool in the backyard etc. Meanwhile, renting will not get you ownership. You are temporally renting a large amount of space. Renting does not necessary give you a piece of mind, but it allows you to sleep at night. Renting also does not allow you to plant a garden, build on, or place a pool on the lawn. Therefore, buying a house is better than renting because you own your own space and can do whatever it is you want the way you want. Secondly, buying a house is better than renting because of the investments. Investments are usually created by putting...
Words: 528 - Pages: 3
...New House Readiness Making a decision to buy a new house is an important one; with a new baby on the way it is even more difficult to make the right decision. Living in a studio apartment there is not enough room for everyone, with a new baby on the way it is time to look for a house. With the way things are today it is vital to apply critical thinking before making a final decision. The principles of economics will play a serious part in this decision. A large purchase such as this is a decision that will stay with you for a very long time, so making the best decision possible will have to be carefully done. The first step is to determine the cost of buying a house; this should include what will be saved by buying vs. how much it will cost to move into a house. Is the cost more or will it be less, it may end up being the same as it is now. This is something that should be figured out first. After doing some research with the locations between the schools and stores, it seems buying a house will be beneficial since traveling would be lessen. Less traveling means saving money on fuel cost as well as wear and tear on the vehicle. Another question to ask is what will be the cost for paying rent over time vs. paying a house note, is there a difference if so what is it. Looking at the cost of buying furniture or appliances also come into factor, how much more it will be furnish a house vs. an apartment. Principal of economics states making the trade from apartment to house could...
Words: 392 - Pages: 2
