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The Essential First-Time Home Buyer's Book: How to Buy a House, Get a Mortgage, And Close a Real Estate Deal
Whether you're buying your first home or your fifth, it's important for buyers to learn the latest real estate rules about mortgage lenders, interest rates, down payments, real estate agents, disclosures, FHA loans, and other basic of home buying. That's where this book from the editors at realtor.com can help! In this step-by-step book, we'll guide you through the home-buying process and point out the pitfalls, so that first-time home buyers can navigate the real estate market with confidence. Here's some of the home-buying info you'll learn in this • What price house first-time home buyers can afford and other mortgage info so that home ownership is financially feasible • Advice to help home buyers clean up their credit score, and why it's key to get the best mortgage from a lender • How first-timers can find the right mortgage lender, and what it means to get pre-approved verses pre-qualified for a home loan • What buyers should know about FHA loans, USDA loans, and other mortgage and down payment options for a new home • How a real estate agent or Realtor can help first-time buyers with home buying, mortgage loans, down payments, home sellers, and beyond • Advice for home buyers on picking the right real estate agent or Realtor, as well as the best first home, mortgage loan, and more • Step-by-step advice on how buyers should make an offer on a first home, and negotiate a real estate deal with home sellers • What happens during a home appraisal, home inspection, home closing, and other stages of the home-buying process • A guide for first-time home buyers on moving into their first home with minimal hassles
124 pages, Kindle Edition
Published May 1, 2019
19 people are currently reading
16 people want to read
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Displaying 1 - 3 of 3 reviews
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January 10, 2022Short but useful guide for home buying from Realtor.com. Plenty of tips throughout the buying process. Here’s some of them:
“Use the “Pick 2” rule: price, quality, location. Typically, you can prioritize two of those categories, but not three.”
"The general rule of thumb is that you can purchase a home that costs two or three times your annual salary,” says Harrine Freeman, a financial expert and the owner of H.E. Freeman Enterprises.”
“One no-brainer way to increase your credit score is to simply pay off your debt. Not an option right now? Here's a cool loophole: Ask your credit card companies to increase your credit limit instead.”
“Divide your list into three categories: must-have elements, followed by items that would be nice to have (e.g., a bonus room or home office) and your dream features (e.g., in-ground swimming pool).”
“Temporarily off the market (TOM) -
This means the homeowner has removed the property from the MLS for an undetermined period, usually because work is being done on the house or because the home cannot be shown. It should return to active soon enough, so it's certainly worth piping up if you're smitten.”
“The proper way to celebrate is with takeout and beer, eaten on the floor. Do your research ahead of time, so you know what you want to eat, and aren't left scrambling an hour before closing time. “Know where the best pizza place or takeout is nearby” says Eileen O’Reilly, a real estate agent in Burlingame, CA. When you are crazy busy with moving in, you don't want to get hangry.”
“Bottom line? It's never wise to insult the person whose home you're trying to buy.”
“Use the “Pick 2” rule: price, quality, location. Typically, you can prioritize two of those categories, but not three.”
"The general rule of thumb is that you can purchase a home that costs two or three times your annual salary,” says Harrine Freeman, a financial expert and the owner of H.E. Freeman Enterprises.”
“One no-brainer way to increase your credit score is to simply pay off your debt. Not an option right now? Here's a cool loophole: Ask your credit card companies to increase your credit limit instead.”
“Divide your list into three categories: must-have elements, followed by items that would be nice to have (e.g., a bonus room or home office) and your dream features (e.g., in-ground swimming pool).”
“Temporarily off the market (TOM) -
This means the homeowner has removed the property from the MLS for an undetermined period, usually because work is being done on the house or because the home cannot be shown. It should return to active soon enough, so it's certainly worth piping up if you're smitten.”
“The proper way to celebrate is with takeout and beer, eaten on the floor. Do your research ahead of time, so you know what you want to eat, and aren't left scrambling an hour before closing time. “Know where the best pizza place or takeout is nearby” says Eileen O’Reilly, a real estate agent in Burlingame, CA. When you are crazy busy with moving in, you don't want to get hangry.”
“Bottom line? It's never wise to insult the person whose home you're trying to buy.”
October 24, 2019
Must read!
First time home buyers, my wife and I were nervous, anxious, and scared. This book and amazing family and friends were perfect compliments to each other. Truly believe that you should research absolutely everything and this book was a must read to the process.
First time home buyers, my wife and I were nervous, anxious, and scared. This book and amazing family and friends were perfect compliments to each other. Truly believe that you should research absolutely everything and this book was a must read to the process.
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May 22, 2019The basics and more about home purchase in USA
The book is easy to read. No fancy words, is well organized and has good tips and links. It doesn’t have samples a closing statement, an appraisal. Etc. It falls short of complementing each chapter with graphics. For $5.99 or less is fair but overpriced for $9.99.
The book is easy to read. No fancy words, is well organized and has good tips and links. It doesn’t have samples a closing statement, an appraisal. Etc. It falls short of complementing each chapter with graphics. For $5.99 or less is fair but overpriced for $9.99.
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