Home Buying Kit For Dummies Info

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Average Ratings and Reviews
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4.16

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Reviews for Home Buying Kit For Dummies:

4

Jul 20, 2015

If you read this book from cover to cover and you STILL can't figure out the best way to buy (or not buy) a house, perhaps you should live with your parents forever. Seriously, this book covers everything in just the right amount of detail.
3

Mar 25, 2015

(3.5) Lots of the basics, helpful for first time buyers

Some of this I could have saved time if I'd read before buying our house. Wanted to see if there was anything I missed (and there were a couple things). Seems a bit wordy and repetitive at times, but might be best used as a reference when you're at each stage of the process. Didn't look at the CD, but maybe there's something helpful in there for collecting comparable sales and guides you to the price home you're envisioning? There's some (3.5) Lots of the basics, helpful for first time buyers

Some of this I could have saved time if I'd read before buying our house. Wanted to see if there was anything I missed (and there were a couple things). Seems a bit wordy and repetitive at times, but might be best used as a reference when you're at each stage of the process. Didn't look at the CD, but maybe there's something helpful in there for collecting comparable sales and guides you to the price home you're envisioning? There's some generally good financial advice in there too, but hope it's not the first place you see/hear/read those advice.

Some things that were good tips that I didn't think through during our buying process:
* tips on how much to let yourself spend on improvements: don't make the place stick out (too well maintained, style out of sync with neighborhood, too big), be the most expensive house in neighborhood etc.
* how to interview prospective agents (with specific--good--questions) - p. 204
* be sure to use a property inspection contingency (and duh use your own inspector that you hire, ASHI certified) - p. 262
* questions to interview property inspector - p. 283
* be AT the property inspection - p. 284
* insurance: get guaranteed replacement cost insurance - p. 289
* personal property replacement guarantee - p. 290
* ask for a refinance rate on the title insurance if you're refinancing (much cheaper) - p. 294
* joint tenancy with right of survivorship vs community property (as in the book, we made this decision last minute when we were asked in escrow officer's office) - pp. 307-8
* save all receipts for improvements to the property/house for cost basis purposes at sale - p. 322
- earlier in the book discussed what is maintenance vs improvements
* if buying rental property, to assess cash flow, ask for current owner's Schedule E from tax return (expenses on the rental) - p.330
* rental losses may not be deductible (depending on income), so make sure it's cash flow positive! - p. 330
* selling: selling agent tips, e.g. 3 month max contract - p. 333
* do a practice walkthrough before selling (friends, prospective agents)...figure out what's wrong with the place before you list!
* really helpful property inspection report example so you know what to look for. - appendix
- above, reminded us to ask for sample report from prospective property inspectors to see if they're worth anything (or pure boilerplate)

So, overall, pretty good. Could be more concise. Again, I recommend for people heading into first home purchase! ...more
5

Dec 24, 2014

This book had everything that I needed to learn about buying a home (detached and attached residences, financials,mortgages, contracts, useful tips and more!)

I spent a week before downloading articles and doing research about the home buying process and I noticed I often got distracted. This book helped saved me time instead of going online and researching different sites and articles. This book has it all to start your journey to the difficult and confusing times of buying a home.

I highly This book had everything that I needed to learn about buying a home (detached and attached residences, financials,mortgages, contracts, useful tips and more!)

I spent a week before downloading articles and doing research about the home buying process and I noticed I often got distracted. This book helped saved me time instead of going online and researching different sites and articles. This book has it all to start your journey to the difficult and confusing times of buying a home.

I highly recommend this book to MY WIFE! ...more
4

Dec 30, 2017

I am glad I read this book. Although our home-buying process has barely begun, I feel much better about it. We are going to have a short time shopping as it's due to job transfer. I gave the book four stars because as a first-time buyer I would have preferred to have some of the later chapters show up earlier for peace of mind. I knew nothing about any of it! However, I read the whole thing and got to them eventually, so it's good enough. I would recommend reading this a year or two before you I am glad I read this book. Although our home-buying process has barely begun, I feel much better about it. We are going to have a short time shopping as it's due to job transfer. I gave the book four stars because as a first-time buyer I would have preferred to have some of the later chapters show up earlier for peace of mind. I knew nothing about any of it! However, I read the whole thing and got to them eventually, so it's good enough. I would recommend reading this a year or two before you plan to buy because earlier chapters advise you to start saving for your down payment and how to invest. While it does not pertain to everyone, it is better to have your game plan going. Good luck! ...more
3

May 01, 2015

Good basic info but outdated

I wish I had gotten around to reading this before the middle of the home buying process, but I was kind of glad to see how much I had learned in a short time from the experience itself. This book is good if you literally know nothing about buying a house (like I used to), but has some definite deficiencies. It's outdated enough that it doesn't even contemplate interest rates below 4%, barely discusses online resources, and seems focused on demonizing some types of Good basic info but outdated

I wish I had gotten around to reading this before the middle of the home buying process, but I was kind of glad to see how much I had learned in a short time from the experience itself. This book is good if you literally know nothing about buying a house (like I used to), but has some definite deficiencies. It's outdated enough that it doesn't even contemplate interest rates below 4%, barely discusses online resources, and seems focused on demonizing some types of mortgages that I'm not sure even exist anymore. It also is definitely geared toward the middle of the country as opposed to real estate markets in more competitive cities. All this talk of $200,000 houses got irritating after a while. ...more
4

Jun 15, 2012

This may come in handy sometime soon.
Pretty well written. Thorough, readable and helpful. Meets expectations of the purchase.
4

Aug 13, 2012

This was an incredibly useful book. It provides a concise road map for the home buying process along with tips on how to conduct the process. I will be referring here often during the next year.
4

Dec 13, 2015

1 of 2 real estate books I've read.

Informative and thorough. Surprisingly not dry.
4

Mar 02, 2015

Sometimes I enjoy writing that is both informative and whimsical, and that's why I appreciated this book, which I think is a great resource for a first time home buyer. This had everything I needed in one place and saved me time from searching for all of the resources elsewhere.
4

Feb 26, 2016

I was looking for books written after the mortgage crisis for first time home buyers and this was one of the few I went with. I found it to be a great source of information and tips on all aspects of the process. Very easy to read and understand. It also includes a CD with a lot resources--forms and documents that you might need, calculator worksheets... Great resource.
3

Aug 11, 2013

This was my first step in the process of eventually purchasing a home. Reading it has helped me wrap my head around the process and understand what steps to take now and what I can expect later. I skipped some of the details for later on, but I'll be sure to come back to this book as needed in the coming years.
4

Nov 29, 2016

This is a pretty handy manual that can help you buy a good house. I liked the clear explanations, and some useful information that I didn't know at all.

This is the cover and editorial information of the book I read. It was a book published in 2016, so the information is pretty current.



This is a summary of the table of contents. The book has financial advice, as well as negotiation tips. I found it complete, accurate and helpful.



A couple of words about living trusts that all of us should This is a pretty handy manual that can help you buy a good house. I liked the clear explanations, and some useful information that I didn't know at all.

This is the cover and editorial information of the book I read. It was a book published in 2016, so the information is pretty current.



This is a summary of the table of contents. The book has financial advice, as well as negotiation tips. I found it complete, accurate and helpful.



A couple of words about living trusts that all of us should know. I think this was a very interesting piece of information in this manual:



And this is a very interesting analysis about "balloon loans". I did not know those existed, but I am happy that now I know that there are more dangers out there and that not all thieves need to hold knives.



In summary, a good book, interesting, easy to read and useful if you are looking to buy a new house.

Well, I hope you liked this review. Did you know that I also have a blog? Take a look here: http://lunairereadings.blogspot.com ...more
4

Jan 04, 2018

Solid book for all things on home buying. Started reading to get familiar with real estate terminology and best practices; book met expectation.
3

Jan 16, 2020

Oof. Buying a home (if we really decide to) is going to suck. At least now I feel vaguely prepared and know most of the language.
5

Sep 03, 2018

Tons of information that I think will prove very useful when I move forward buying my first house!
4

Nov 11, 2017

An exceedingly well-written guide for the first-time home buyer. As an added bonus, this book won't bore you to tears.
4

Dec 12, 2018

Lots of information and advice. Helped me understand the house buying process.
4

Jun 06, 2018

Great book for someone who is looking to buy their first home and wants to understand the process.
4

Feb 15, 2020

Super clear and helpful information on everything regarding home-buying - I liked that it helped you break out your finances to determine how much mortgage payment you could afford. I'll definitely be revisiting in upcoming years and recommend to anyone thinking of buying a house.
5

Jan 22, 2018

Loved it

Short, easy to read, i spoke to home buyers as i was reading this book their mistakes were the same warnings in this book and their advice after learning matched the advice here. Definitely worth becoming knowledgeable in this type of financial decision.
4

Jan 15, 2018

Great to read cover to cover or as a reference book. I learned a lot and feel better equipped to buy a home! There are a lot of moving pieces and players involved (and a huge amount of cash) when buying a home and this book gives perspective on each piece.

I'm buying a home in Canada and this book is for USA consumers. I'm surprised there are so many differences but at least I'm easily able to educate myself now that I have this foundation.
5

Apr 18, 2019

This is an excellent resource to get up to speed on the intricacies of home buying. Going in, I had very little idea on what goes on when it comes to buying a place, and by the end, I can say that I understand the process much better. I may have become a fan of the ....for Dummies series.

The book is peppered with good advice in bite-size portions. Some of the most useful parts include tips on choosing the right professionals, importance of inspections, importance of objectivity and data, and This is an excellent resource to get up to speed on the intricacies of home buying. Going in, I had very little idea on what goes on when it comes to buying a place, and by the end, I can say that I understand the process much better. I may have become a fan of the ....for Dummies series.

The book is peppered with good advice in bite-size portions. Some of the most useful parts include tips on choosing the right professionals, importance of inspections, importance of objectivity and data, and importance of patience. This is the first book where I took many notes to revisit the main lessons. If you are even casually contemplating about owning a home, and you are detail oriented, you should do yourself a favor and read this!

...more
2

Apr 26, 2018

What I thought I was getting with this book: a no-nonsense, straightforward explanation of the house-buying process (ideally with flowcharts explaining what happens, when, and why) that wasn't completely written by the real estate lobby. What I actually got: a meandering walk through the elements of house purchasing but without a clear and coherent path. I was actively reading this book when we made an offer on a house, and this book wasn't very helpful at navigating the process. The 2-page What I thought I was getting with this book: a no-nonsense, straightforward explanation of the house-buying process (ideally with flowcharts explaining what happens, when, and why) that wasn't completely written by the real estate lobby. What I actually got: a meandering walk through the elements of house purchasing but without a clear and coherent path. I was actively reading this book when we made an offer on a house, and this book wasn't very helpful at navigating the process. The 2-page realtor propaganda handout on "how to buy a house" we snagged at a random open house made the process easier to understand than this!

Perhaps a different reader would get more out of this book than we did. The first eight chapters are the standard "why buy/financial house in order/how much you can afford/real estate market fluctuations/credit scores/types of mortgages/how to fill out the forms/types of houses + location" (although I'd venture that if you don't understand this already, maybe now is not the time to be thinking about buying?), so we breezed through those chapters and on to what we were really seeking to find: how to assemble a team (more truthfully, WTF do realtors and title companies actually do?!), how to get the ball rolling once you've found a house, what the steps are for a successful process, and how to close with few issues.

This book didn't really answer any of our questions, so I'm exceedingly thankful for our loan officer (of all people!) who explained the process without any BS and the usual realtor junk, as well as kind friends and families who better explained their house-purchase issues and concerns than this book did. And the negotiation period proved that having a realtor who knew the market and knew what could be negotiated was very helpful. (So maybe I kind of get the value of a realtor a bit more! Still confused as to what title companies actually do in a time of digitized records and land surveys, though... So happy we've figured out about the reissue rate!)

Some good things we learned:
- You need to prepay a full year of homeowners insurance at closing.
- Don't schedule escrow to close on a Monday, since you'll then pay interest for Friday, Saturday, and Sunday (55).
- Notary fees run between $10 and $20 per signature per buyer (55).

The best thing I learned:
Accept uncertainty as part of your transaction. Much as you'd like to know everything about a property before making an offer on it, the game is played with incomplete information. You always have far more questions than answers at the beginning of a transaction. Don't worry; you'll be fine as long as you know what things you need to find out and get the answers in a timely manner during your transaction. (249)

This has been so hard for me to keep in mind, and I'm glad that this feeling is normal! ...more

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