Author Topic: Book recommendations for buying a first home?  (Read 280 times)

WootWoot

  • Bristles
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Book recommendations for buying a first home?
« on: June 22, 2018, 08:24:31 AM »
Hi folks--I have a copy of this book https://tinyurl.com/yazovwkc and it's got some good info it. However, it was published in 1989. I'm looking for s/thing a bit more updated, that explains the homebuying process "for dummies" (but not a "for dummies or idiots" book). One thing I like about the book I own is a homebuyer's checklist, which has you rank from 1-5 your preferences such as what style home, what type of neighborhood, the yard and lot, conveniences such as commute time.

If you know of a book that's similar, and easy to get through, please post your fave! Thanks very much!

And, Happy Friday!



roadtripper

  • 5 O'Clock Shadow
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  • Location: Chicago, IL
Re: Book recommendations for buying a first home?
« Reply #1 on: July 13, 2018, 11:46:25 AM »
Try the Consumer Finance Protection Bureau's resource site on buying a house: https://www.consumerfinance.gov/owning-a-home/

While it's not a book, it's been my go-to guide as I've navigated a home purchase for the first time. It's been especially good in guiding me to questions I should consider or pose to my lender, real estate agent, the sellers, etc.

2Cent

  • Pencil Stache
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Re: Book recommendations for buying a first home?
« Reply #2 on: Today at 06:47:48 AM »
Unless you outsource the negotiations to an agent:

Basically there are areas where you have to know what you're doing.

Determining what you want. Only you can do this, and I'm not sure you can get this from a book.
Determining the state and market value of the house. I recommend to outsource this.
Negotiating with the seller. This can be partly outsourced, but in the end you have to say yes or no, so you need to know what you're doing. Also an agent is not fully impartial as they do have a stake that may not be aligned with yours depending on how you pay them.
This is an excelent book.
https://www.amazon.com/Book-Negotiating-Real-Estate-Strategies/dp/0998848204