Step :
Making an Offer on a Home
Test Your Knowledge: Making an Offer
1 of 3
Test your Knowledge
Your purchase offer cannot be less than the listed price of the home.
Excellent job!
Incorrect.
Your offer can be less than the listed price of the home. Your real estate agent can help you determine a reasonable offer.
2 of 3
Test your Knowledge
Why is it important to get a home inspection before buying?
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Not quite.
A home inspection is important because it can reveal safety issues, impact the offer amount, and reveals the true health of the house before you buy it.
3 of 3
Test your Knowledge
A home appraisal is required before buying a house.
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Good try.
A home appraisal is required by a lender to establish a home’s value. This established value is used to calculate the amount of money that the lender will lend for the mortgage.