Overview
Since the publication of the first edition of A Survival Guide for Buying a Home, much has changed in the real estate market. The inventory of homes-for-sale is ballooning and prospective buyers will need new techniques to narrow their choices effectively. At the same time, it is becoming increasingly difficult for the average buyer to qualify for a loan. This newly revised edition is tailored to help. It includes updated information on credit requirements, loan qualifying ratios, lease options, buying condos and co-ops, new mortgage and loan rules, buying foreclosure and short sale properties, and much more. Readers will learn the ins and outs of: hiring the right agent • determining financial limits • working with a mortgage lender • evaluating neighborhoods • getting the best deal • arranging appraisals and inspections • avoiding common deal killers • and more There is also a checklist of the 15 costliest mistakes homebuyers make and how to avoid them. With this helpful guide in hand, readers will be ready to find the home of their dreams at a price they can afford.Synopsis
If you’re looking for a home in today’s real estate market, you know that the rules have changed. Despite all the challenges that come with the current housing climate, there is glut of houses on the market, making it an ideal time to buy the home you really want. Inventories are high, interest rates are low, and sellers are flexible. With the right guidance, you can find your dream home at a price you can afford.
In the second edition of A Survival Guide for Buying a Home, you will find answers that will help you face the new realities of the real estate market. In this revised and updated edition, veteran real estate broker Sid Davis includes the latest information on:
• Time-saving techniques that will help buyers narrow their choices effectively
• Mortgage and loan rules
• Buying foreclosures and short sales
• Lease options
• Cleaning up, increasing, and maintaining your credit score
• Twenty costly mistakes that are made by home buyers and how those mistakes can be avoided
You also learn all the ins and outs of finding the right agent, evaluating neighborhoods, buying homeowners insurance and warranties, arranging for appraisals and inspections, preparing your purchase for resale, and more. With this helpful guide in hand, you will be ready to find the home you’ve always imagined without breaking the bank.
Sid Davis, owner of Sid Davis & Associates, has more than 25 years of experience as a real estate broker and home renovator. He is the author of several books, including Home Makeovers That Sell, The First-Time Homeowner’s Survival Guide, and Your Eco-Friendly Home, as well as countless articles for national publications. He lives in Farmington, Utah, and can be reached at www.sid-davis.com