Mgt 230

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Decision-Making Process Paper BCOM 275 November 11, 2013 Professor Mathew

Buying my home was one the important lifestyle and financial decisions I had to make. The emotional highs, lows, and experience of purchasing my home depended on how well I did my own research; talking with different homeowners, doing Internet research, looking at used and new homes, weighing the pros and cons of buying new versus buying and older home and visiting different homeowner builder. My decision-making process of finding the right home took approximately two week. During my two week causative research, I used the below listed seven step process decision making process. Deciding to buy a New Home During the time I brought my home I was working overseas and during tax time I owed the Government anywhere from 5-10 thousand dollars a year. My tax advisor advise me on the different ways of getting a tax break like buying a new home, so to offset my taxes I decided to buy a home, near my mom, so she could watch the home while I was overseas. Not only did I save money on taxes my home is also a great investment that provided equity buildup, specific financial gains, value appreciation potential and the sense of pride of being a homeowner. Finding a Builder Instead of finding a real estate agent, I did a causative research on homebuilders versus a realtor, and I decided on working with the homebuilder, because I actually did not have the patients or the time of looking at 10-20 different homes and builders in the Dallas and Ft. Worth areas, because I was on ten day leave. I picked Drees Homebuilder, near Joe Pool lake, in Grand Prairie, TX, because of the reputation and the new homes were in my estimated…...

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