Book Description
All the information first-time homebuyers need to understand and avoid the 106 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 steadily appreciates in value. Compiled from the experiences of hundreds of homebuyers, real estate agents, home builders, and mortgage lenders, it alerts you to the 106 common mistakes in home buying, illustrates them in practice, and shows how to prevent them from happening to you.
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. Discover how to save time, money, and frustration by avoiding:
- Mistake No. 20: We thought we could make higher returns investing in stocks.
- Mistake No. 36: The sellers named the price, we named the terms.
- Mistake No. 72: We thought our agent represented us.
- Mistake No. 74: We didn't know we could withdraw our offer.
- Mistake No. 83: We pushed to get the absolute best deal we could.
- 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, Second Edition is the book to have for a smooth, successful, and emotionally rewarding homebuying experience.
GARY W. ELDRED, Ph.D., has been involved in hundreds of real estate transactions as a buyer, seller, and consultant during the past 20 years. Nationally known for his Stop Renting NowTM seminars, Dr. Eldred currently serves as the Executive Director of the National Initiative for Home Ownership. He has also held faculty positions in real estate at Stanford University, the University of Illinois, and the University of Virginia. He is the author of Yes! You Can Own the Home You Want and co-author of Investing in Real Estate, both published by Wiley.
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A new edition of the successful guide to common real estate mistakes Skyrocketing home prices. Persistent talk of housing bubbles. Multiple bid offers. Hidden defects. Creative financing ploys. Today's homebuyers face unprecedented risks as they seek their cherished goal of homeownership. In response to these and many other current home buying challenges, bestselling author and real estate expert, Gary Eldred has updated his ever-popular guide. This unique book draws its contents from the experiences of hundreds of actual homebuyers, investors, and real estate agents. In addition to the common pitfalls, this new Fourth Edition focuses on the skills necessary to avoid mistakes in hot markets such as overbidding, buying more house than one can afford, and the failure to understand the risks involved in the many new, easy-finance programs. Eldred also shows readers how to improve their odds of a successful purchase by intelligent use of the Internet to collect property data, pricing information, and neighborhood pros and cons. A highly profitable read for both new and experienced homebuyers.
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