Am I Ready To Buy A House Quiz
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Are you planning to buy a house of your own? Check out this quiz and we will reveal whether you're ready or not. Everyone wants to have a dream house of their choice, and it's like their biggest achievement ever. However, you should not purchase it without checking your financial condition and savings, as it may land you in the world of a financial crisis. We're here to help you out if you're ready to become a homeowner or not. Play this quiz and find it out.
- 1.
Why do you want to buy it now?
- A.
Because it's the right time for me.
- B.
Because I don't want to argue with my landlord anymore.
- C.
Because I have saved a lot to buy a new house.
- D.
Because I want to.
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- 2.
What is your credit Score?
- A.
Above 580
- B.
Between 500 and 579
- C.
Below 500
- D.
I haven't checked yet.
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- 3.
What is a rough estimate of your current savings account?
- A.
I have enough savings in my account.
- B.
I don't have enough savings in my account.
- C.
My current savings account is empty.
- D.
It doesn't matter to me. I want to buy a house now.
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- 4.
How long have you been at your current job?
- A.
Just started a few months ago.
- B.
I have been working in my organisation for the last five years.
- C.
Just started a year ago.
- D.
I am looking out for a new job.
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- 5.
Do you know where you have to buy your house?
- A.
Not yet
- B.
I can live anywhere.
- C.
I have a city in my mind.
- D.
I have listed down all the areas where I can afford a house.
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- 6.
Have you attended a 1st homebuyer’s seminar Time?
- A.
Yes, a few times
- B.
Not yet
- C.
I am planning to attend that.
- D.
What's that?
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- 7.
Have you looked at the home prices in your preferred area?
- A.
Yes
- B.
No
- C.
I will read about that on the internet.
- D.
Is it necessary?
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- 8.
Have you met with a lender yet?
- A.
Yes, obviously
- B.
Not yet
- C.
I am planning to meet soon.
- D.
Is it necessary?
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- 9.
How much debt do you currently have?
- A.
A lot
- B.
I am debt free as of now.
- C.
I have to pay my last EMI this month. After that I am debt free.
- D.
I can't tell. It's quite personal.
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- 10.
Do you know all about the home buying process?
- A.
Yes, I am familiar with that.
- B.
Not yet.
- C.
What's that?
- D.
I am trying to learn about the same.
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Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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May 24, 2022Quiz Edited by
ProProfs Editorial Team -
May 27, 2009Quiz Created by
Leslieclay
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