Think you’re ready to buy your dream home? Let’s put your knowledge to the test! Whether you’re a first-time buyer or a seasoned mover, this quick quiz will challenge your real estate smarts and maybe teach you something new. Ready? Let’s go!

✅ Question 1: What’s the first step in the homebuying process?

A) Go house hunting
B) Get pre-approved for a mortgage
C) Make an offer
D) Call your mom for advice

Answer: B – Get pre-approved!
Pre-approval helps you understand your budget and shows sellers you’re serious.

✅ Question 2: How much should you ideally have saved for a down payment?

A) 5%
B) 10%
C) 20%
D) It depends on the loan type

Answer: D – It depends.
While 20% avoids private mortgage insurance (PMI), many loans allow lower down payments (some as low as 3%).

✅ Question 3: What is escrow?

A) A type of mortgage
B) A home inspection term
C) A neutral third party holding funds during a transaction
D) The title of a real estate horror movie

Answer: C – A neutral third party.
Escrow protects buyers and sellers by holding funds and documents until all conditions are met.

✅ Question 4: What’s included in closing costs?

A) Property taxes
B) Appraisal fees
C) Title insurance
D) All of the above

Answer: D – All of the above!
Closing costs usually range from 2% to 5% of the purchase price and include several services and fees.

✅ Question 5: What does it mean when a home is “under contract”?

A) It’s for sale by owner
B) The seller has accepted an offer, but the sale isn't final
C) The seller is desperate
D) The home is off the market permanently

Answer: B – Offer accepted, not closed.
Being "under contract" means both parties agreed to terms, but contingencies still need to be met.

🏁 How Did You Do?

• 5/5 – You’re basically a real estate agent. Want a job?

• 3–4/5 – You’re getting warm. Let’s polish up that knowledge together.

• 1–2/5 – Don’t worry—you’re not alone. I can help guide you every step of the way.

🔚 Conclusion: Knowledge is Power—But Guidance is Everything

Whether you aced the quiz or realized there’s more to learn, the truth is this: buying a home is one of the biggest moves you'll ever make—financially and emotionally. Having the right information is step one. Having the right realtor is what gets you across the finish line with confidence.

If you’re thinking about buying, selling, or just want to talk strategy over coffee, I’m here to help—no pressure, just real talk.

💬 Your Turn! Post your score in the comments or tag a friend to take the quiz too. Have questions about any of the answers? I’d love to hear them!

🏡
Partners Realty Group
(865) 789 – 6677
"Listing smart. Selling strong.”

Ready to take the next step? Visit us at Homes.com!