Cover image for Everyone's money book on real estate
Title:
Everyone's money book on real estate
Author:
Goodman, Jordan Elliot.
Personal Author:
Publication Information:
[Chicago] : Dearborn Trade Pub., [2002]

©2002
Physical Description:
xi, 194 pages : illustrations ; 23 cm
Language:
English
ISBN:
9780793153800
Format :
Book

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HD259 .G66 2002 Adult Non-Fiction Open Shelf
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Summary

Summary

Goodman guides readers through the two processes of choosing and financing a house to live in, and investing in real estate for financial gain and security. He appears on radio and television finance programs. Annotation (c) Book News, Inc., Portland, OR (booknews.com).


Author Notes

Jordan E. Goodman is a weekly contributor to Public Radio International's Marketplace in the Morning and appears frequently as a personal finance commentator on NBC, MSNBC, CNN, CNBC, and Fox television. He also is a frequent guest on radio call-in shows around the country. On the editorial staff of Money magazine for 18 years, where he served as Wall Street correspondent, Goodman was also a weekly financial analyst on NBC News at Sunrise for 9 years and a daily financial commentator on the Mutual Broadcasting Network for 8 years


Table of Contents

Introductionp. ix
1. Buying versus Rentingp. 1
Advantages of Buyingp. 1
Advantages of Rentingp. 2
2. If You Decide to Rentp. 7
If You Use a Real Estate Agent in Your Searchp. 16
A Word on Renter's Insurancep. 26
Furnishing Your Rental Homep. 27
Keeping a Petp. 28
3. If You Decide to Buyp. 31
Getting Real about How Much You Can Affordp. 31
The Price That's Rightp. 36
Assembling a Down Paymentp. 38
Getting a Loan Preapprovalp. 40
Finding the Right Homep. 41
The Sales Contractp. 53
Closing the Salep. 55
4. Choosing the Best Mortgagep. 63
Loan Sourcesp. 63
Kinds of Mortgagesp. 65
No-Down-Payment Mortgagesp. 75
Preparing to Qualify for a Mortgage Loanp. 76
5. Refinancing Your Mortgagep. 93
The Changing Face of Refinance Advicep. 93
Trading Loan Programsp. 94
If the Math Indicates a Refinancep. 95
Sorting Out Your Refinance Optionsp. 96
6. Home Equity Loansp. 99
Dangers and Temptationsp. 100
Behavior Modificationp. 101
7. Reverse Mortgages and Charitable Deductionsp. 103
Single-Purpose Reverse Mortgagesp. 106
Federally Insured Reverse Mortgagesp. 107
Proprietary Reverse Mortgagesp. 107
Making Your Home a Charitable Deductionp. 108
8. Protecting the Value of Your Homep. 111
Maintaining Your Homep. 111
Remodeling Your Homep. 112
Financing Home Improvementsp. 117
Tax Shelters for Renovatorsp. 121
Home Warrantiesp. 121
9. Selling Your Homep. 131
The Transfer Disclosure Statementp. 132
Selling Your Home by Yourselfp. 132
A New Type of Real Estate Agentp. 133
Choosing a Real Estate Professionalp. 134
A Footnote about Closing Costsp. 135
10. Investment Real Estatep. 141
Real Estate Mutual Fundsp. 142
Real Estate Investment Trusts (REITs)p. 144
Real Estate Limited Partnershipsp. 151
Rental Real Estatep. 151
Exchanging Propertyp. 152
Vacation Homesp. 152
Raw Landp. 154
Using Your Computer to Buy and Sell Real Estatep. 156
Appendix Sample Inspection Reportsp. 165
Glossaryp. 179
Further Resourcesp. 187
Indexp. 191