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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), 3rd Edition
 
 
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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), 3rd Edition [Paperback]

Gary W. Eldred (Author)
4.1 out of 5 stars  See all reviews (51 customer reviews)


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Paperback, January 18, 2002 --  
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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them) The 106 Common Mistakes Homebuyers Make (and How to Avoid Them) 4.1 out of 5 stars (51)
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Book Description

January 18, 2002
Everything the first-time buyer needs to know to avoid the 106 most common mistakes in purchasing a home or condo.

Written especially for first-timers, this eye-opening guide turns you into an educated consumer, ensuring that the home or condo you buy is both a comfortable place to live and an investment that appreciates in value. Compiled from the experience of hundreds of homebuyers, real estate agents, home builders, and mortgage lenders, it shows you the most common mistakes buyers make and illustrates them in practice so you don't fall into the same traps.

Now revised and expanded, this invaluable resource covers everything from negotiating with sellers and making the down payment to shopping for the best mortgage and handling the closing. The new Third Edition also includes two totally new chapters that offer advice on writing a purchase contract and using the Internet to find a home. Discover how to save time, money, and frustration by avoiding:

Mistake No. 35: We looked at selling prices but still overpaid.
Mistake No. 39: My agent told me this was a good school district.
Mistake No. 41: We bought into an upscale development that's moving downscale.
Mistake No. 65: We should have looked at the utility bills.
Mistake No. 82: We let our agent negotiate for us.
Mistake No. 105: We didn't buy. We were afraid of making a mistake.

Written by one of the nation's leading real estate experts and packed with hundreds of valuable tips and suggestions, The 106 Common Mistakes Homebuyers Make, Third Edition will give you the confidence-and the wisdom-to buy the right home at the right price.


Editorial Reviews

From the Publisher

More than 100 ideas for side-stepping the pitfalls awaiting the first-time home buyer. This easy-to-follow guide geared to first-time purchasers uses a self-contained format to present the home buyer's most common mistakes, the lesson to be learned from those mistakes, and-if feasible-a preventive strategy. Also featured --This text refers to an out of print or unavailable edition of this title.

From the Back Cover

Everything the first-time buyer needs to know to avoid the 106 most common mistakes in purchasing a home or condo…

Written especially for first-timers, this eye-opening guide turns you into an educated consumer, ensuring that the home or condo you buy is both a comfortable place to live and an investment that appreciates in value. Compiled from the experience of hundreds of homebuyers, real estate agents, home builders, and mortgage lenders, it shows you the most common mistakes buyers make and illustrates them in practice so you don’t fall into the same traps.

Now revised and expanded, this invaluable resource covers everything from negotiating with sellers and making the down payment to shopping for the best mortgage and handling the closing. The new Third Edition also includes two totally new chapters that offer advice on writing a purchase contract and using the Internet to find a home. Discover how to save time, money, and frustration by avoiding:

Mistake No. 35: We looked at selling prices but still overpaid.
Mistake No. 39: My agent told me this was a good school district.
Mistake No. 41: We bought into an upscale development that’s moving downscale.
Mistake No. 65: We should have looked at the utility bills.
Mistake No. 82: We let our agent negotiate for us.
Mistake No. 105: We didn’t buy. We were afraid of making a mistake.

Written by one of the nation’s leading real estate experts and packed with hundreds of valuable tips and suggestions, The 106 Common Mistakes Homebuyers Make, Third Edition will give you the confidence–and the wisdom–to buy the right home at the right price.


Product Details

  • Paperback: 320 pages
  • Publisher: Wiley; 3 edition (January 18, 2002)
  • Language: English
  • ISBN-10: 0471126586
  • ISBN-13: 978-0471126584
  • Product Dimensions: 8.9 x 6.1 x 0.6 inches
  • Shipping Weight: 12 ounces
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (51 customer reviews)
  • Amazon Best Sellers Rank: #1,253,878 in Books (See Top 100 in Books)

More About the Author

Gary W. Eldred has been investing successfully in real estate for twenty-five years and has consulted on real estate issues with many Fortune 500 companies. He formerly served on the graduate business faculty of Stanford University and the University of Virginia. He is the bestselling author of Investing in Real Estate, Sixth Edition, The Beginner's Guide to Real Estate Investing, Second Edition, and The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Fourth Edition, all from Wiley.

 

Customer Reviews

51 Reviews
5 star:
 (31)
4 star:
 (7)
3 star:
 (5)
2 star:
 (4)
1 star:
 (4)
 
 
 
 
 
Average Customer Review
4.1 out of 5 stars (51 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

53 of 55 people found the following review helpful:
5.0 out of 5 stars By far the best, October 17, 2000
By 
jay nolan (Tacoma, Washington) - See all my reviews
Having spent several hours in B&N reading through the many different books on homebuying, we bought this one and Dummies. 106 Mistakes turned out to be the best by far. It gave us far more concrete examples concerning everything from mortgages to inspection to homeowner associations. In addition, it really helped us understand how to evaluate the appraisal as wellas the investment potential of the homes and neighborhoods we were considering. Eldred's experience and expertise seems to stand head and shoulders above the others. Plus, this book is the most entertaining to read. Don't look for a home without it.
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52 of 54 people found the following review helpful:
5.0 out of 5 stars Worth its weight in platinum, January 28, 2001
By 
Robby (Amherst, MA) - See all my reviews
Having read a pile of homebuying books, I would rate this one tops for six reasons:(1) The author clearly knows what he is talking about from experience--unlike too many authors who are primarily journalist or biased real estate agents.(2) It's easy and fun to read. (3) It gives dozens of ways to buy with little or even nothing down. (4) It reveals scams and tricks that real estate and mortgage "profesionals" use to fleece the unknowing. (5)The author knows real estate across the country--not just in California or other specific locales(i.e., too many HB books are written by writers who don't seem to know that Chicago or San Francisco aren't the areas where most people are buying). (6)Unbelivebly, the author lists his telephone number and email in the book so as to invite comments and questions. I queried and he called and talked 20 minutes to adress my concerns. And no, he didn't charge me or try to sell me any more books and tapes.
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59 of 63 people found the following review helpful:
5.0 out of 5 stars The great equalizer plus fun to read, April 22, 2000
By 
Great book, fun to read. Really gives you the inside info to make sure your realtor, mortgage lender, and lawyer aren't taking you for a ride. I read four books on homebuying (Dummies, 100 Questions, Tips and Traps) and got more down-to-earth practical advice from 106 Mistakes than all the others combined. If you like real life examples instead of vague generalities, you'll find that this book delivers the advice you need. At least it did for us!
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Inside This Book (learn more)
First Sentence:
Thinking about buying a home? Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
housing cost ratio, top loan rep, home finance plan, escrow allowance, growing home equity, comp houses, loan advisor, many homebuyers, comp sales, qualifying ratios, realty agents, seller concessions, fiscal fitness, outstanding mortgage balance, total debt ratio, loan status, potential homebuyers, rent credits, home prices, realty firm, loan originator, lowball offer
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, San Francisco, Swampy River, Fannie Mae, Freddie Mac, Hidden Valley, Los Angeles, John Wiley, New York, San Diego, Southern California, British Columbia, Fox Realty, New England, South Carolina, Christine Estep, Florida Avenue, Hoosier Realty, Miami Herald, National Homeownership Strategy, Point Grey, River View, Troy Woods, Value Investing, Years Today's Monthly Rent
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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