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Are You Ready To Buy a New Home? Take this Quiz and find out.

Are You Ready To Buy a New Home

Are you ready to buy a new home? Before you go to buy your dream house ask yourself these questions to know if you are ready. The number of factors is many before buying a new home apart from money.

We had asked GoodBhumi to prepare a quiz for first time home buyers. They have compiled some of the most important aspects that one should go through while making a purchase decision for buying a house.

GoodBhumi is all about Buy, Sell & Rent real estate properties in India.

Quote on Real Estate is an interesting article posted by GoodBhumi that one should definitely visit. This quiz includes the sign that you aren’t ready yet to buy a new home. While you read every question you would realise that money is not the only important factor when it comes to buying a New Home.

If you Like the Quiz Share this article with everyone. Also, give a like to their Facebook Page.

You might be Interested in Reading Good Investing Books.

  • Does Debt Control Your Life?

    • Yes
    • No
  • You have a sizable emergency fund?

    • Yes
    • No
  • You’re ready to be landlord-less (Do Maintenance Yourself) ?

    • Yes
    • No
  • Do You have Reliable Source of Income?

    • Yes
    • No
  • Do You have a Good Credit Score?

    • Yes
    • No
  • Can you make a Commitment to Stay in One Place?

    • Yes
    • No
  • Is your Down Payment Amount Ready?

    • Yes
    • No
  • Have you Calculated the costs of Repairs, Refurbishing, Furnishing?

    • Yes
    • No
  • Have you Checked Your Loan Eligibility?

    • Yes
    • No
  • Have you Checked the Property’s Credentials?

    • Yes
    • No
  • Does the Total Loan falls under Affordable Credit?

    • Yes
    • No
  • Are you Ready to Sit Tight over your Investment for a Long Period of Time?

    • Yes
    • No
  • Have you Gone Through How does GoodBhumi Suggest people to Buy Properties.

    • Yes
    • No
  • If you choose a LAP (Loan Against Property) how many Years GoodBhumi Suggests?

    • 5 Years
    • 10 Years
    • 15 Years
    • 20 Years
  • What is a reasonable monthly payment for a home (From Your Salary or Income)?

    • 25%
    • 50%
    • 75%
    • 90%
  • According to GoodBhumi, who should you trust to sell your home?

    • Friend
    • Professional
    • Relative
    • Rookie Broker

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