How To Buy Your First Home, Second Edition (Paperback)

by Diana Summers (Author)
Key Phrases: qualifying yourself, Freddie Mac, Fannie Mae, Ginnie Mae (more...)

Editorial Reviews

Product Description
Making the right decisions about buying a first home can help you save money and worry. This easy-to-understand guide written by a real estate attorney walks the reader through the entire home buying process-from deciding what you can afford, to types of special financing for first-time buyers, to the actual closing on your dream home. This book can help any anxious first-time buyer become a confident homeowner!

The title includes sections on valuable government financing information available for first-time buyers; helpful checklists and charts for evaluating properties; as well as a complete glossary of terms that will relieve some of the anxiety that new home buyers have. Appendices include Internet resources and questions to ask when selecting a real estate agent and when identifying a mortgage lender.

From the Publisher
Take the fear out of buying your first home

For many, the process of buying a home for the first time can seem intimidating and overwhelming. How to Buy Your First Home is your resource for information on the subject. This book guides you through the entire process, including:

Preliminaries—Renting versus buying, determining what you can afford, deciding where to live

Searching for Your Home—What to look for in a home, hiring a realtor

Finances—Mortgage basics, government agencies, home loans for veterans

The Buying Process—Weighing your mortgage options, hiring an attorney, making an offer, inspecting and appraising your home

The Future—Caring for your home and increasing the value of your investment

Included within the text are Attorney Tip boxes that highlight important facts. Click on This boxes will guide you to helpful websites for additional information about calculating costs, locating homes in your area and more.

Extensive appendices include a glossary of important terms, contact information for state offices of real estate regulation and sample worksheets to help you as you make your decisions.

Written by an experienced attorney, How to Buy Your First Home is the resource that will take the mystery out of buying a home.

See all Editorial Reviews

Product Details

• Paperback: 328 pages
• Publisher: Sphinx Publishing; 2 edition (May 1, 2005)
• Language: English
• ISBN-10: 1572484977
• ISBN-13: 978-1572484979
• Product Dimensions: 8.9 x 6 x 0.9 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (4 customer reviews)
• Amazon.com Sales Rank: #54,357 in Books (See Bestsellers in Books)

  Popular in this category: (What's this?)

  #29 in

  Books > Business & Investing > Real Estate > Buying & Selling Homes

Customer Reviews

Most Helpful Customer Reviews

55 of 55 people found the following review helpful:

5.0 out of 5 stars Good first book on buying a home, February 25, 2005

By	magellan (Santa Clara, CA) - See all my reviews (TOP 100 REVIEWER)    (COMMUNITY FORUM 04)

This review is from: How to Buy Your First Home (Paperback)

This is a basic book on home buying intended for the first time buyer. It's' fairly brief, only about 130 pages (minus the appendices), so it's a quick read. If you're a second time buyer it would probably be too basic for you, but I was looking for a quick primer before starting to read more technical books on investing in real estate.

It covers the essentials of mortgages, the bidding and negotiation process, working with agents and inspectors, the major government agencies that participate in the mortgage market, such as HUD, VA, Fannie Mae and Freddie Mac, and so on. Although you don't need to understand it to purchase a house, the secondary market is briefly discussed so you'll know what that is when you hear real estate professionals mention the term.

Most of the information is quite practical, such as how to deal with real estate agents (don't let them act like mothers-in-law and let them decide what's best for you in the way of a house, no matter how well-meaning their intentions), and inspectors (don't insist on being present during the inspection, it'll just distract them).

After the chapters devoted to the mechanics of buying the house, there's a chapter basically on "What now?" After the happy glow of buying your first house wears off, you'll now have to face the reality of doing the required maintenance and repairs, keeping up the lawn and landscaping, making sure you save enough to pay taxes, and so on. There are even useful hints on how to conserve energy and how much you can save by having old furnaces and air conditioners replaced, and the author says hers paid for itself in about 18 months, although the initial cost was daunting (about $2500). But it was worth it over the long run.

Finally, there's a chapter on foreclosure and what to do if you find yourself in that situation. There's help available in that many cities or state government agencies can help with either grants, money or advice. The book also has a glossary, and two appendices of useful worksheets such as comparing house features and mortgage lenders, a HUD-1 worksheet, and a VA guaranteed loan application form.

The book is clearly and concisely written and should give anyone a basic understanding of the home buying process. After this I went on to reading more advanced books on investing in real estate and it was useful for getting the basic knowledge quickly and easily.

18 of 18 people found the following review helpful:

5.0 out of 5 stars GREAT guide for a first-time buyer, July 31, 2006

By	Amy M. (Newark, DE) - See all my reviews

My roommate works at the library and brought me home a dozen different books on how to go about buying your first home and what you would need to know (including the dummy/idiot books which I normally love). After taking a look at this one, I sent all the other ones back and ordered it from amazon because it is by far the easiest, most comprehensive, and overall helpful guide for a first-time buyer. It answers all questions and can just be used as a good reference. It's questions and answer format makes the book very easy to pick-up and less daunting-- some of the books seems like a giant boring novel!! I even gave this book as a gift to a friend considering buying a place of his own.

1 of 1 people found the following review helpful:

5.0 out of 5 stars Easy to Understand Valuable Information, January 29, 2009

By	Dottie A. Randazzo "reader of everything" (Pennsylvania, USA) - See all my reviews (REAL NAME)

Length:: 0:52 Mins