Learn about buying a home

1. Buying a Home
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2. Our Agenda
1. Agenda
2. Objectives
3. Introductions
4. Activity 1: Discussion
5. Activity 2: Vocabulary review
6. Activity 3: Dialogue
7. Activity 4: Tips about buying a home
8. Activity 5: Case studies
9. Activity 6: Dictation
10. Reflection

3. Workshop Objectives
1. To learn 8 new words related to home buying
2. To learn several tips about buying a home

4. Introductions…
What is your name?
What is your country of
origin?

5. Discussion
Activity 1
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6. Reflection
Have you ever bought a home?
Have you bought a home in Manitoba?
Are you thinking about it?
What are your home buying tips?

7. Let’s review vocabulary related to buying
a home …
Activity 2

8. Activity one: Vocabulary Review
Member of a
nationut
Legal fees
Pre-approval
Bidding war
Hidden costs
Pricey
Debt-to-income
ratio
Mortgage
amount of your debt compared to your income
expensive
to get approved by your bank before you start looking for your home
unexpected costs
the amount you owe for your home
lawyer costs
care of a home
Maintenance
many people trying to get the same house, increasing the cost of the house

9. Activity two: Fill-in-the-blank
1. It’s a good idea to get _______________________ before you start searching for a home.
2.____________________ may include caring for the roof and buying a new furnace.
3. That’s a very ________________ neighborhood. The average cost is $400,000!
4. There are many _____________ when buying a home. These include lawyer and legal
fees.
5. Consulting your lawyer will surely result in ________________ .
6. It is usually best to avoid __________________ . You’ll want to keep your costs down!
7. Knowing your _____________________ is as important as knowing your credit score.
8. Take your time to find the _____________________ that is right for you.
maintenance
bidding war
mortgage pre-approved
hidden costs
pricey legal feesdebt-to-income ratio

10. Listen!
What are some issues that Wendy and
Jon discuss about buying a home?
Activity 3
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11. Listen to a dialogue:
Jon
Jon
Wendy
Jon
Wendy
Jon
Wendy
Wendy
Hi Wendy. Long time no see! What’s up?
So much! We have been looking for a house.
That’s wonderful! How’s it going?
Ok, but the market is a little pricey. I hope we can get a nice small mortgage
I hear there have been a lot of bidding wars going on.
Such as?
Well, there are taxes, legal fees and moving costs, among others.
Jon
Wendy Yes, and those can be very expensive!
That’s before the sale, then after the sale you have your maintenance costs.
Not only that, I am finding that there are many hidden fees.

12. Listen to a dialogue:
Jon
Jon
Wendy
Jon
Wendy
Jon
Wendy
Wendy
Are you concerned about all the costs?
Sure, but we have been taking a proactive approach.
What do you mean?
Well, we figured out our debt-to-income ratio and reviewed our budget.
Sounds like you have been doing your homework.
That sounds like a great idea
It will really save time and the potential for being disappointed in the
future.
Jon
Wendy Sure! Come on over!
Can I come over? I would like to talk more about your plans?
On top of that, we have an appointment with our bank to get pre-approved.

13. Let’s learn some home buying
tips
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14. 1. Consider your financial situation
Can you afford it long term?
Do you have a
stable job?
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What is your
debt-to-income
ratio?

15. Your debt-to-income ratio is your
debt compared to your income
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16. Ask yourself: am I ready for the
responsibility?
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17. Ask yourself: what kind of home do I
need?
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18. Think of the location
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Do you need to be near
shopping, schools or a bus
route?

19. 2. Uncover the hidden costs.
They are not really hidden, but may be
unexpected.
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Hidden fees may
include:
- Moving costs
- Lawyer fees
- Taxes
- Realtor fees

20. 3. Get pre-approved!
This will give you peace of mind and may
prevent disappointment later.
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This will indicate
the price range
you can
comfortably
afford

21. 4. Get a team on your side
Buying a home is a BIG decision. Consider the
help you may need!
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Your team may
include a
financial adviser,
a real estate
professional and
an accountant.

22. 5. Get a home inspection
This will cost you at time of purchase, but could
save you a lot of money later!
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23. 6. Don’t get into a bidding war
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Think long and hard about
how much you can afford.

24. 7. Make an offer
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Make sure you can
afford the home in
the long term!

25. 8. Move in and enjoy your home!
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26. Let’s now consider some scenarios. What
issues do these home buyers face? What
can they do about it?
Activity 5

27. Scenario One
Sonia and her husband want to buy a home, but
are not sure how much they can afford.

28. Scenario Two
While on a tour of a house Ronaldo notices
mold on the ceiling.

29. Scenario Three
Robert and his wife want a certain house, but
another couple just offered $15,000.00 more
than they could offered.

30. Scenario Four
Diana is looking for a home, so she made an
appointment with a realtor. Next week she will go
to the bank to see how much she get approved for.

31. Scenario Five
Rick is buying a home in the country. It is 90
minutes from work. He knows making the
commute will be difficult, but he believes he will
get used to the ride.

32. Dictation
Write what you hear!
Activity 6
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33. Dictation 1
Consider your financial situation before buying any
house.

34. Dictation 2
It is always a great idea to get a home inspection done
before you make an offer on a home.

35. Dictation 3
Buying a home takes a lot of time and money, be sure not
to rush your decision.

36. Dictation 4
When you buy a home there may be hidden costs
involved; these are unexpected costs that could include
lawyer fees, realtor fees and moving costs.

37. Dictation 5
Make sure you are ready for the financial responsibility of
caring for a house.

38. Reflection
What did you learn today?
 8 new words related to buying
a home
 Important points related to
buying a home

39. See you next time!
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