Cover image for The 106 common mistakes homebuyers make : (and how to avoid them)
Title:
The 106 common mistakes homebuyers make : (and how to avoid them)
Author:
Eldred, Gary W.
Personal Author:
Edition:
Third edition.
Publication Information:
New York : J. Wiley & Sons, [2002]

©2002
Physical Description:
xi, 301 pages : illustrations ; 23 cm
Language:
English
Subject Term:
ISBN:
9780471126584
Format :
Book

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Summary

Summary

Everything the first-time buyer needs to know to avoid the 106 most 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 appreciates in value. 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 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. The new Third Edition also includes two totally new chapters that offer advice on writing a purchase contract and using the Internet to find a home. Discover how to save time, money, and frustration by avoiding:

Mistake No. 35: We looked at selling prices but still overpaid.
Mistake No. 39: My agent told me this was a good school district.
Mistake No. 41: We bought into an upscale development that's moving downscale.
Mistake No. 65: We should have looked at the utility bills.
Mistake No. 82: We let our agent negotiate for us.
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, Third Edition will give you the confidence-and the wisdom-to buy the right home at the right price.


Author Notes

GARY W. ELDRED, Ph.D., 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(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 the coauthor of Investing in Real Estate, both published by Wiley.


Table of Contents

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