FAMILY RESOURCES OF NEW ORLEANS HOMEBUYERS EDUCATION PRE/POST- ASSESSMENT SURVERY

This pre/post-assessment survey is confidential. It should take approximately 7-10 minutes to complete. Please read the questions carefully and answer them, based on your knowledge and experiences.

Name

Date

Site Location

Survey I.D. Number

1. Please answer the following questions using the scale below to indicate how often, in your past experience, you have done the following homebuyer related activities.

a. Purchasing a home with a high re-sale value is important b. I put aside money in my budget to cover home maintenance c. I am confident in my ability to purchase a home d. I have read at least one book on purchasing a home e. The entire family should be involved in the decision to buy a home I juggle payments to keep creditors satisfied g. I use credit cards to pay for small items, even when I have the cash

2. Please answer the following questions with agree or disagree response (check

a. I know how to determine if I can afford to buy a new home b. I know at least one bank where I can get a loan to buy a home or car. c. A spending plan should be based on the income of the spouse with the

d. It is a waste of time to attempt to negotiate the sale price of a home e. I have been saving at least $100 every month for the past year f. It is ok to buy your house based on what your income will be in the

g. I am still paying bills from purchases I made a year ago h. I have overdrawn my checking account more than 3 times in the past

i. I usually keep my credit cards at the maximum credit limit

4. After the buyer signs a purchase agreement, he must purchase the house regardless of the contingencies included.TrueFalse3. The average homebuyer looks at approximately 15 to 20 homes before selecting one to buy.

3. The average homebuyer looks at approximately 15 to 20 homes before selecting one to buy.

TrueFalse

4. After the buyer signs a purchase agreement, he must purchase the house regardless of the contingencies included.TrueFalse

5. A home inspection is essential to protect yourself from buying a home that is unsafe or needs a lot of unexpected repairs.TrueFalse

6. A purchase agreement may include conditional events which must happen in order for the buyer and seller to conclude the transaction. This is referred to as: (Circle One)

a. Contingenciesb. Closing costc. Warrantiesd. Appraisals

7. This agency requires your lender or mortgage broker to tell you that you have a right to get a copy of the appraisal report for the home you plan to purchase. (Circle One)

a. Department of Housing and Urban Development

8. A professional who has been trained to examine the visual condition of residential properties and determine if they are free from major mechanical or structural deficiencies is a: (Circle one)

b. Federal Housing Authorityc. Equal Credit Opportunity Acta. Home Inspector

b. Home Warranty Officer

b. Home Warranty Officerc. Home Appraiser

9. The most common type of fixed-rate mortgage for homebuyers is a: (Circle one)

a. 15-year mortgageb. 20-year mortgagec. 30-year mortgage

Please answer the following to the best of your ability.

11. What are the two most important factors for you in deciding where the home you buy is located ?

12. What are the biggest items on your budget ?

13. How much are you savings each month ?

14. What expenses could you cut or reduce if you had to ?

15. Identify two key factors that a prospective home buyer should consider when loan shopping:

and

16. Identify three sources of information when shopping for a new home.