The 106 Common Mistakes Homebuyers Make (and How to Avoid Them) by Gary W. Eldre

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Everything first--timers need to know to avoid the most common mistakes homebuyers make 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 a great investment for the future.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher Description

Everything first-timers need to know to avoid the most common mistakes homebuyers make 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 a great investment for the future. 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 updated for today's hot real estate market, 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 Fourth Edition also includes totally up-to-date guidance on using the Internet to find properties, secure financing, and collect important data. If you're thinking about buying a home in this overheated market, don't make these mistakes: Researching selling prices and still overpayingBelieving everything your agent tells youBuying into an upscale neighborhood that's moving downscaleUnderestimating utilities and other costsAllowing your agent to negotiate for youLetting fear get the better of you and not buying at all 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, Fourth Edition will give you the confidence--and the wisdom--to buy the right home at the right price.

Back Cover

Everything first-timers need to know to avoid the most common mistakes homebuyers make 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 a great investment for the future. 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 updated for today's hot real estate market, 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 Fourth Edition also includes totally up-to-date guidance on using the Internet to find properties, secure financing, and collect important data. If you're thinking about buying a home in this overheated market, don't make these mistakes: Researching selling prices and still overpaying Believing everything your agent tells you Buying into an upscale neighborhood that's moving downscale Underestimating utilities and other costs Allowing your agent to negotiate for you Letting fear get the better of you and not buying at all 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, Fourth Edition will give you the confidence--and the wisdom--to buy the right home at the right price.

Flap

Everything first-timers need to know to avoid the most common mistakes homebuyers make 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 a great investment for the future. 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 updated for today's hot real estate market, 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 Fourth Edition also includes totally up-to-date guidance on using the Internet to find properties, secure financing, and collect important data. If you're thinking about buying a home in this overheated market, don't make these mistakes: Researching selling prices and still overpaying Believing everything your agent tells you Buying into an upscale neighborhood that's moving downscale Underestimating utilities and other costs Allowing your agent to negotiate for you Letting fear get the better of you and not buying at all 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, Fourth Edition will give you the confidence--and the wisdom--to buy the right home at the right price.

Author Biography

GARY W. ELDRED, PhD, has been involved in hundreds of real estate transactions as a buyer, seller, and consultant during the past two decades. Nationally known for his Stop Renting Now 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 also the author of the Wiley titles Yes! You Can Own the Home You Want, 106 Mortgage Secrets All Homebuyers Must Learn—But Lenders Don't Tell, and The Beginner's Guide to Real Estate Investing, as well as coauthor of Investing in Real Estate.

Table of Contents

1 Profit from the Mistakes of Others 1 2 Explore Possibilities, Set Priorities 4 3 Home Ownership: How to Make It Your Best Investment 40 4 How to Find a Good Buy 69 5 Locate a Great Neighborhood 95 6 Is This Home for You? 124 7 Negotiate Win-Win 152 8 The Best Loan at the Lowest Cost 178 9 Become a Satisfied Homeowner 221 10 The Biggest Mistakes of All 249 11 How to Afford the Home You Want 257 12 Draft Your Offer 280 Internet Appendix 301 Index 304

Long Description

Everything first-timers need to know to avoid the most common mistakes homebuyers make 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 a great investment for the future. 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 dont fall into the same traps. Now revised and updated for todays hot real estate market, 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 Fourth Edition also includes totally up-to-date guidance on using the Internet to find properties, secure financing, and collect important data. If youre thinking about buying a home in this overheated market, dont make these mistakes: Researching selling prices and still overpaying Believing everything your agent tells you Buying into an upscale neighborhood thats moving downscale Underestimating utilities and other costs Allowing your agent to negotiate for you Letting fear get the better of you and not buying at all Written by one of the nations leading real estate experts and packed with hundreds of valuable tips and suggestions, The 106 Common Mistakes Homebuyers Make, Fourth Edition will give you the confidence--and the wisdom--to buy the right home at the right price.

Feature

Preface to 4th Edition. 1. Profit from the Mistakes of Others. 2. Explore Possibilities, Set Priorities. 3. Home Ownership: How to Make It Your Best Investment. 4. How to Find a Good Buy. 5. Locate a Great Neighborhood. 6. Is This Home for You? 7. Negotiate Win-Win. 8. The Best Loan at the Lowest Cost. 9. Become a Satisfied Homeowner. 10. The Biggest Mistakes of All. 11. How to Afford the Home You Want. 12. Writing Your Offer. Internet Appendix.

Details ISBN0471751235 Author Gary W. Eldred Short Title 106 COMMON MISTAKES HOMEBUY-4E Language English Edition 4th ISBN-10 0471751235 ISBN-13 9780471751236 Media Book Format Paperback DEWEY 643.12 Year 2005 Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States Replaces 9780471126584 Birth 1938 Affiliation ? DOI 10.1604/9780471751236 UK Release Date 2005-11-16 AU Release Date 2005-11-01 NZ Release Date 2005-11-01 Publisher John Wiley & Sons Inc Edition Description 4th edition Publication Date 2005-11-16 Illustrations Tables: 8 B&W, 0 Color; Exhibits: 2 B&W, 0 Color Audience General US Release Date 2005-11-16 Pages 336 We've got this

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