# CTE Resource Center - Verso - Independent Living Task 1256907886

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Explain the home-seeking process.

Definition

Explanation should include
  • where to find and how to use professional property location resources (e.g., real estate agent, internet sources)
  • how to establish a timeline with realistic expectations
  • how to save money during the process
  • the necessity of accumulating alternative locations
  • how to make informed decisions
  • how to review documents.

Process/Skill Questions

Thinking
  • What are the advantages and disadvantages of home ownership versus those of renting?
  • What factors contribute to your idea of a perfect home?
  • What factors might prevent you from obtaining a home loan?
Communication
  • What free resources are available to help you find a home?
  • Why do most Americans hire a real estate agent to help them buy or sell a home?
  • How do you establish a fair price for a home? What factors are unknown?
  • What is the purpose of a home inspection prior to purchase?
Leadership
  • What criteria help you determine a property's condition?
  • What neighborhood or location issues might influence your desire to purchase a home?
  • What are the consequences of buying more house than one can afford?
Management
  • What are the risks associated with a mortgage and how can you reduce your risk?
  • How is your minimum down payment for a mortgage loan determined?
  • What are fair expectations when seeking to hire a real estate agent?
  • How does buying a new home differ from buying an existing home?

Other Related Standards

FCCLA National Programs

Families First: Meet the Challenge

 

Financial Fitness: Earning

 

Financial Fitness: Protecting

 

Financial Fitness: Saving

 

Financial Fitness: Spending

 

Power of One: A Better You

 

FCCLA: STAR Events (2019)

Event Management

 

National Programs in Action

 

Professional Presentation

 

National Standards for Family and Consumer Sciences Education

2.1.1

Apply time management, organizational, and process skills to prioritize tasks and achieve goals.

2.1.2

Analyze how individuals and families make choices to satisfy needs and wants.

2.1.3

Analyze decisions about providing safe and nutritious food for individuals and families.

2.5.1

Analyze the use of resources in making choices that satisfy needs and wants of individuals and families and communities.

2.5.4

Analyze practices that allow families to maintain economic self-sufficiency.

2.5.3

Analyze economic effects of laws and regulations that pertain to consumers and providers of services.

2.5.2

Analyze individual and family roles in the economic system.

2.6.4

Evaluate personal and legal documents related to effective management of individual and family finances.

2.6.2

Apply financial management principles to individual and family financial practices.

3.2.5

Apply strategies to reduce the risk of consumer fraud.

3.3.2

Demonstrate components of a financial planning process that reflect the distinction between needs, wants, values, goals, and economic resources for a variety of diverse populations.

3.3.1

Explain the effects of the economy on personal income, individual and family security, and consumer decisions.

3.3.3

Analyze the effect of consumer credit on short- and long-term financial planning.

3.3.5

Examine the effects of risk management strategies on long-term financial planning.