Speak with someone you know who has purchased a home, or your personal experience, and share what you learned in this discussion. What was the process of searching, settling on a price, and financing the purchase? What surprises or challenges occurred during the home buying process? What tips would help potential homebuyers go through the process smoothly? Then share your personal opinion on which would be better for you at this time, renting or buying. Give examples of disadvantages and advantages to either renting or buying a home that have influenced your decision.