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Decesion Making Process

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THE PROCESS OF BUYING A HOME
DARREN BROWN
MGT/230
APRIL 11, 2013
SCOTT DAVIS

THE PROCESS OF BUYING A HOME
The day came when it was time to purchase a home. This was a big decision to discuss and take into consideration the effects on the entire family. The first thing on the list was the price range we were looking to purchase at and what we could afford along with being able to afford a higher mortgage than what was being paid at the present time. The second thing that happen was making sure credit scores were at the acceptable level to purchase a home and getting the credit report reading from all three credit bureau. This made sure there was not any derogative information on it. It was good that from dealing with experience from the past and having the knowledge of what was all required to purchase a home saved a lot of time and made the process easier.
The big issue was deciding on the location and area to purchase the house. With the help of the internet that made it easy to go online and look at available houses in the selected area. The plan was to put in the target price range, square footage, bedrooms, and bathrooms along with other amenities for the house. The next step was contacting a realtor and loan officer and getting the process going to the next level. Once the realtor got involved things really picked up along with, filling out paper work and having the loan officer process the application for the loan.
Everything went as planned and once the preapproved qualification comeback, things felt great about actually being able to purchase the house. It felt good actually being able to take part in selecting what type of floors, cabinets, appliances and the color of paint to use on the walls. The next step was just setting up inspection, getting homeowners insurance, and preparing the family for the move. The family members played a role in deciding the process in choosing the type of house and location so no one was left out in the decision making process.
The process was similar in many ways. There were many decision-making steps used to help throughout selecting the home. The steps used were similar to ones used in the textbook. The decision that were used to select and make the purchase of the home would not change had the steps used in the book were available at the time. The decision made were pretty much same as the ones used in the textbook so still would have felt comfortable buying the house with the decision that were already made.

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