XECO 212 Final Project A New Home Decision

XECO 212 Final Project A New Home Decision - (1) Title: A...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
(1) Title: A New House—Decision Name: Jordan Miller Course: XECO 212 Due Date: Sunday, September 19, 2010 Instructor: Eugene Kaufman
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
(2) Buying a new home is one of the biggest and most important decisions an individual or family can make in their lives. Because it is such a tremendous decision, the home buyer(s) must carefully analyze every decision and option they come across. Since the economy and housing market fluctuates so much, especially in recent decades, one would be much better off doing their homework before getting seriously involved in buying a new home. Investing a little extra research and time when considering buying a new home goes a lot further towards saving money. Researching an investment such as a new home can go a long way towards saving money and time by helping to eliminate hidden hassles and complications that could arise later on. Making even the slightest wrong decision could affect a home buyer for years if it is a serious problem that has been overlooked or discarded. This fact tends to scare uneducated or first time home buyers. With this fact in mind, there are plenty of points that home buyers need to consider when looking into buying a home, whether it’s for the first time or fifth time. One of the main points a home buyer needs to address is having a solid financial outline in preparation for the search for a new home. This allows the prospective buyer to know where he or she stand regarding how much they can afford without putting themselves at risk of any future financial jeopardy. One of the biggest problems people usually encounter when they are considering buying a new home is the urge to buy on impulse and looks. People that are considering buying a new house should seriously take into consideration the 10 principles of economics as a supporting guideline to follow. In today’s up and down housing market and economy, the 10 principles of
Background image of page 2
(3) economics should most definitely play a major role when considering the checklist one will have when buying a home. A potential home buyer can look at the 10 principles of economics and probably identify with some of them right away. Other principles may be noticed a little later in the process. One of the initial principles one may take notice of initially is people respond to incentives. Whether someone is making a small purchase at a grocery store or a large purchase such as a house or car, the one thing that people usually take immediate notice of are incentives.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/11/2011 for the course XECO 212 taught by Professor Cohen during the Fall '10 term at University of Phoenix.

Page1 / 7

XECO 212 Final Project A New Home Decision - (1) Title: A...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online