The 106 Common Mistakes Homebuyers Make (& How to Avoid Them), 2nd Edition (Paperback)

by Gary W. Eldred (Author) "Before you set out on your expedition into home ownership, make sure you fully explore your possibilities and priorities..." (more)
Key Phrases: home finance plan, escrow allowance, growing home equity, United States, Fannie Mae, Swampy River (more...)

Editorial Reviews

Product 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 Now^TM 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.

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

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Product Details

• Paperback: 303 pages
• Publisher: John Wiley & Sons; 2nd edition (February 13, 1998)
• Language: English
• ISBN-10: 0471199990
• ISBN-13: 978-0471199991
• Product Dimensions: 8.6 x 6.1 x 1.1 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 4.1 out of 5 stars See all reviews (47 customer reviews)
• Amazon.com Sales Rank: #1,063,240 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

43 of 44 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.

48 of 50 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.

55 of 59 people found the following review helpful:

5.0 out of 5 stars The great equalizer plus fun to read, April 22, 2000

By	Phil Locke (Denver, CO) - See all my reviews

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!