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Decision Making Process Paper

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Decision Making Process Paper
A huge decision I had to make in my life was the decision to buy another home and move to the state of Washington. I had previously purchased a home in the state of Oregon and was underwater so to speak on it. For me, the uncertainty and risk were the biggest decisions for me to face. The housing market was in a downward spiral and had my own decision making process to go through. Does homeownership, with its ongoing responsibilities, suit your lifestyle? According to "Realtor.com" (2012), you are ready to buy a home if you have a steady income that can be documented, have saved enough money for a down payment, will be able to pay other bills while keeping your mortgage payments current and are prepared to keep the home for at least five years” (para. 7). I struggled to decide if these were things I would be able to do, and the decision making process for me was answering each of these questions carefully and thoughtfully.
The decision making process can be different depending on how you approach it. In the course textbook, the decision making process involves six steps; Identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making the choice, implementing the decision, and evaluating the decision. (Bateman & Snell, 2011). If I was to use this process to make a decision to buy a house, I would identify that the problem was deciding whether to make the life altering decision to buy a house. I would determine that my alternate decisions included renting a home, or renting an apartment, which were both options I did not want to do. Making the choice was to make an offer on a house I loved, which led directly to implementing the decision of signing all the paperwork and finalizing the sale. The last step of evaluating the decision comes after moving into and settling into the house with my…...

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