Home ownership is a cornerstone of the American dream, but it's a complex process that, without the right guidance, can seem like a nightmare. This Missing Manual takes you through the process of buying a home, from start to finish. Along the way, you'll use the book's expert advice and fill-in forms to identify the house you want, figure out what kind of neighborhood you want to live in, determine what a target home is really worth, make an offer, and close the deal. Throughout the process, this book helps you:
Realistically determine how much house you can afford
Assemble a real estate team that's looking after your interests and not the seller's
Understand the different ways to finance your house, and which is best for you
Create an attractive offer with the best chance of acceptance
Learn what lenders look for so you can get your mortgage approved
Inspect your new home to uncover potential problems
Prepare all the right paperwork for a smooth closing
Preparing for Home Ownership
Chapter 1 The Benefits and Drawbacks of Home Ownership
The Pluses of Owning a Home
The Minuses of Owning a Home
Chapter 2 How Much Home Can You Afford?
How Much Can You Invest in a Home?
Get Prequalified or Preapproved
What Lenders Look For
Improve Your Chances of Getting a Loan
Finding Your Home
Chapter 3 Choose Your Style of Home and Neighborhood
Your Lifestyle—Now and Down the Road
Your Style of Home
The Condition of Your Home
Find Your Neighborhood
Create a Wish List
Chapter 4 Assemble Your Real Estate Team
Real Estate Agents
Your Mortgage Provider
Your Real Estate Attorney
Your Home Inspector
Other Real Estate Professionals
Chapter 5 Shop for Your Home
Select Homes to Tour
Bargain Hunting
What to Look for on the Tour
Evaluate the Neighborhood
Compare Homes
Financing Your Home
Chapter 6 Finance Your Down Payment
Why a Down Payment?
Calculate Your Down Payment
Alternatives to Paying 20 Percent Down
Chapter 7 Compare Mortgages and Other Financing Options
Nancy Conner has a PhD in English from Brown University and has taught writing, including technical writing, to college students for more than a dozen years. She is currently a freelance copyeditor, specializing in technical books covering topics ranging from the MS Office suite to programming languages to advanced network security.
Comments about O'Reilly Media Buying a Home: The Missing Manual:
I'm never owned a home, but I'd like to. From renting, I've gotten a pretty good idea of what I want and don't want in a home, but there are a number of things I hadn't considered until reading this book. I also didn't realize just how complicated the financial aspects are, and how many people need to be involved to make sure everything goes right!
Buying a Home: the Missing Manual covers all aspects of the process, from deciding if buying a home is the right decision for you, to finding the right home, figuring out financing, negotiating with the seller, and taking possession. It's not a book I'd read for fun, but it's one that I'll be keeping to refer back to when the situation arises. There are a lot of specifics that I expect will come in handy, from listing sites where you can browse homes to explanations of each of the various types of loans available.
If you're planning to buy a home soon and haven't been through the process before (or even if you have), I recommend this book.
Disclosure: I received a free review copy of this book.
5/11/2010
4.0
Must read for home buyers
By Manju
from Germantown, MD
About Me Developer
Pros
Accurate
Concise
Easy to understand
Helpful examples
Well-written
Cons
Best Uses
Novice
Comments about O'Reilly Media Buying a Home: The Missing Manual:
Caveat Emptor: Let the buyer beware. For no one is this adage more true than for those of us in the market for a new home! And for anyone new to the game, or maybe who landed in a money pit in their previous purchase, this book deserves a prominent place on your reading list ASAP. Nancy Connor covers every step of the often daunting real estate purchase, beginning with the often overlooked question, "Is home ownership right for you now?" Like many in the Missing Manual series, this book is written in clear, concise prose that is easy for the real estate novice to understand, while never speaking down to the reader. We have the e-book version which in the Stanza reader can be annotated, as well as shared via email. Perhaps the one thing that may be missing in this Missing Manual is mention of the one website that provides most of the information (past sales, taxes, assessments, time on the market, whether it has been delisted, relisted, price changes, etc.) Ms. Connor recommends buyers have in hand when evaluating their home options: [@]. We hope it will be included in future editions. We happened upon "Buying A Home: The Missing Manual" when we were already half way through the process -- we had budgeted our closing costs, interviewed buyers' agents, gotten pre-approved by our lender, and were 2 months into home tours. After reading this Manual, we are far better armed with checklists and questions for the most crucial steps to come: making and negotiating offers, home inspections, dealing with contingencies, and closing. While we wish we had had this Manual before we began our odyssey on the the stormy sea of real estate negotiations, we are grateful now to have a another guide to see us past the sirens and reefs ahead.