Home Buying Kit For Dummies Author: Visit Amazon's Eric Tyson Page | Language: English | ISBN:
1118117964 | Format: PDF
Home Buying Kit For Dummies Description
From the Back Cover
Understand today's home buying market and make the best deal with this updated and expanded bestselling guide
Want to buy a house, but concerned about the market? Have no fear — this trusted guide arms you with Eric Tyson and Ray Brown's time-tested advice and updated strategies for buying a home in current market conditions. You'll discover how to find the right property, make smart financial decisions, and understand the latest lending requirements and tax implications.
New to this edition — expanded coverage helps home buyers make sense of short sales and foreclosures, navigate new lending requirements, and get the most home for your budget
To buy or not to buy? — weigh the advantages of owning versus renting, get your finances in order, and know how much home you can safely afford
Handle financing — understand the financial aspects of home buying; learn about the different types of mortgages and the paperwork involved
Play the real estate game — assemble an all-star real estate team, make the most of the Internet's real estate resources, and find the right location and property
Let's make a deal — negotiate with finesse, make successful offers, and inspect and insure your new home
The Bonus CD includes
Home buying forms; market analysis and comparable value worksheets; budget, tax, and mortgage calculators, checklists for selecting a real estate agent and home inspections
See Appendix E for details and complete system requirements.
Open the book and find:
Reasons why home prices rise and fall
Hands-on instruction for buying a home in up or down markets
How to pay the price you want
The best mortgage options
A sample home-buying contract
Pros and cons of comparable market analysis
Tips for overcoming mortgage and appraisal problems
How to cope with buyer's remorse
The best real estate websites
Learn to:
Find the right home in today's market
Negotiate your best deal and obtain a mortgage
Improve your credit score
Work with tools, forms, and documents on the accompanying CD
About the Author
Eric Tyson, MBA, is a financial counselor and the author of bestselling For Dummies books on personal finance, investing, and real estate investing. Ray Brown wrote a syndicated real estate column, hosted a call-in radio show about real estate for 16 years, and has been a real estate professional nearly four decades.
- Paperback: 432 pages
- Publisher: For Dummies; 5 edition (March 6, 2012)
- Language: English
- ISBN-10: 1118117964
- ISBN-13: 978-1118117965
- Product Dimensions: 9.2 x 7.4 x 0.9 inches
- Shipping Weight: 1.4 pounds (View shipping rates and policies)
I've bought and sold 4 homes in my lifetime and looking at real estate and knowing the market is a hobby of mine. I have re-financed homes several times also, and I know how the home-buying & selling game is played. This book doesn't tell me much I don't already know, but I feel confident in the home buying field. For a new first-time buyer, I believe this book would be helpful.
Most of the just of this book is telling you what a really good real estate agent should explain to you during your search for a home, and what the realtor doesn't tell you, your mortgage broker might fill in the gaps. But as Home Buying Kit for Dummies mentions, the realtor and mortgage people do not make a dime until they close a sale or sell a mortgage. While some real estate agents have morals and will not convince you to buy the first thing you see, many do not seem to listen when you tell them what you want in a home. That's one reason why I started finding my own real estate to buy. I don't have time to drive around with a realtor who is showing me house after house that is exactly NOT what I want. So I find my own listings, on real estate listings. I drive by the home and only if I decide I like the place and do some research, do I call the listing agent. I've also sold real estate on my own, without a realtor, and it's not that hard, as long as you use a reputable title company.
So this book really isn't for someone with my experience. But for a newbie to the real estate buying game - I recommend soaking up all the knowledge you can, before you start looking for a home. Get prequalified for a mortgage so you have the ability to make an offer when you find the right price. Make a list of things you absolutely must have in your home, and things you'd like to have, but are negotiable.
As someone actively in the home market...plus endured many a trial and tribulation via a previously bought and sold home...I approached 'Home Buying Kit for Dummies' (HBKD) aiming for some nuggets of wisdom useful in the second go-round.
HBKD certainly meets expectations, a very accessible and well-laid out book that both purchase newbies plus veterans are likely to enjoy. Let the record state it equally useful for realtors as a snapshot on public sentiment toward their industry and the process inherent.
As with most 'dummies' books, skimming comes natural due to content attached to appropriate icons. It's an easy book to bounce around in, pick and choose spots to delve deeper.
To summarize, HBKD separates the home purchase process into logical steps, each backed by forms and documentation you'll need plus obvious trials and triumphs along the way. For those new to the process, having soft copy estimators and purchase docs on the accompanying CD are a fantastic addition, useful for both a gauge on the sophistication of home buying plus what to expect once the plunge is actively taken. The amount of people and paperwork involved truly is staggering.
Refreshingly, this version is very current, with 2012 questions of a tough credit + home value market front and center. The author does a solid job in engaging with current subject matter, explaining technical details native to this market that an astute buyer...or seller...should be asking/answering. For example and in particular, the rent versus purchase section stands out as very salient for today's marketplace.
Still, I can't give HBKD a 5-star blessing as it falls slightly short on connecting its narrative format to the sophisticated processes it presents.
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