Personal Finance students embarked on an expedition to gain real-life knowledge and experience evaluating real estate. Realtor, Justin Schultis from Redstones Wolverhampton, met students at a home for sale in Fairbury to discuss the buying process, home values, and the importance of having a home inspection. Students gained a better understanding of the difference between the assessed, appraised, and market value of a house.
Students enjoyed the opportunity and learned a great deal from the excursion. Senior Brooke Eisenhauer described the experience by saying, “I think going on an actual visit made it easier to understand the process of buying a home. It made it easier to determine the things that you need to inspect before making a purchase of a home. The initial visit was a great way to apply what we know, and learn more about the house buying process. It was helpful to have a real estate agent there with us to answer our questions because he deals with this type of work on a daily basis. The overall experience helped a lot in making house buying more relatable.”
