Nolo's Essential Guide to Buying Your First Home

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Overview

The start to finish guide that puts the fun back into the challenge of buying a first home, with comprehensive, timely information from a team of experts. Get valuable tips on: deciding between a house, condo, co-op or townhouse; exploring your local market for the best value; creating and managing a realistic homebuying budget; qualifying for and securing financing; getting the right inspections and insurance; negotiating with sellers or new home builders; successfully closing the deal and includes all the legal forms you need.

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More About This Book

Overview

The start to finish guide that puts the fun back into the challenge of buying a first home, with comprehensive, timely information from a team of experts. Get valuable tips on: deciding between a house, condo, co-op or townhouse; exploring your local market for the best value; creating and managing a realistic homebuying budget; qualifying for and securing financing; getting the right inspections and insurance; negotiating with sellers or new home builders; successfully closing the deal and includes all the legal forms you need.

  • Nolo's Essential Guide to Buying...
    Nolo's Essential Guide to Buying...  

Editorial Reviews

BeJane.com
A must-have for any new homebuyer. Empower yourself by informing yourself!
— Eden Jarrin
books.google.com
Even in a sluggish market, there will ... always be people seeking advice and direction in buying a first home. Nolo's excellent guide for novice home buyers provides fresh, updated information about the whole process that even those in ... the know will find useful. Readers will appreciate the chapter outlines highlighting key topics in each section, as well as the personal anecdotes and tips from real estate experts. As in the "For Dummies" series, each chapter here is punctuated with icons, starred paragraphs, and simple catchphrases, all designed to reduce further the intimidation factor in making a major life-changing purchase. Packaged with a CD-ROM that includes essential forms (e.g., a "Final Walk-Through Checklist," a sample inspection report, and a "Questions for the Sellers Worksheet") and MP3-formatted audio files of extended insight from the real estate experts, this is highly recommended for most public libraries, especially those seeking to replace and update outdated real estate titles. Determined not to leave any segment of the real estate community uninformed, Nolo also offers a guide to buying a second home. Though perhaps overly detailed in some sections (e.g., there are in-depth descriptions of the differences among a townhouse, a co-op, and a condominium) and not as universally needed, the book is valuable for guiding readers toward examining and understanding the desire for purchasing a second home and the financial ramifications of embarking on such an endeavor. A CD-ROM with reproducible forms is included. Recommended for libraries with larger boomer populations and/or populations with higher-than-average discretionary incomes, though the book is quick to emphasize that a second home purchase is no longer strictly only for the rich and famous.-Joslyn Jones, Oak Park P.L., IL books.google.com/books?id=SSdAiG5u80AC#reviews_anchor
— Joslyn Jones
More Reviews (2) Fewer Reviews
The Boston Globe
If you are looking for authoritative information about virtually every important home-purchase topic, you won't find a better easy-to-read resource than this up-to-date book.
Twitter
Tweet: "Hey everyone, this book really helped me buy a house. You don't need a lawyer for this!"
— Leif Bernstein

Product Details

  • ISBN-13: 9781413313222
  • Publisher: NOLO
  • Publication date: 1/11/2011
  • Edition description: Third Edition
  • Edition number: 3
  • Pages: 440
  • Sales rank: 98,091
  • Product dimensions: 8.90 (w) x 7.00 (h) x 1.00 (d)

Meet the Author

Stewart writes and edits books on landlord-tenant law, real estate, and other consumer issues. She is the co-author of First-Time Landlord, Nolo's Essential Guide to Buying Your First Home, Every Landlord's Legal Guide, Every Tenant's Legal Guide, Leases and Rental Agreements, and Renters' Rights.

Schroeder specializes in employment law and real estate and is co-author of Nolo's Essential Guide to Buying Your First Home. Before joining Nolo, she worked as an associate in a large San Francisco law firm where she represented employers in litigation, drafted employee handbooks and policies and counseled employers on sound employment practices. Schroeder also has experience in employment consulting and human resources. She holds a law degree from the University of California, Hastings College of Law.

Bray is an author and legal editor at Nolo, specializing in real estate, immigration law, and nonprofit fundraising. She is co-author of Nolo's Essential Guide to Buying Your First Home and also edits a number of Nolo's small business books. Bray's working background includes solo practice, nonprofit, and corporate stints, as well as long periods of volunteering, including an internship at Amnesty International's main legal office in London. She received her law degree and a Masters degree in East Asian (Chinese) Studies from the University of Washington.

Read an Excerpt

8:

Next
Introduction

Meet Your Adviser

Mark Nash, an Associate Broker with Coldwell Banker, who serves the Chicago, Evanston, Skokie, and Wilmette areas of Illinois (marknashrealtor.com).

The brakes are off, and you're ready to visit houses that seem to match your Dream List, and choose one. "Whatever you do, don't settle," says Realtor Maxine Mackle (after 18 years of experience in the Connecticut market). "You should be really enthusiastic about a house before you make an offer on it."

But first, breathe deeply and cultivate some nonattachment. Sellers of beautiful houses usually know they've got a gem and price it accordingly. Meanwhile, the market contains its share of duds: houses with dark rooms, weird layouts, and repair nightmares. This doesn't mean your perfect house isn't out there, just that you're unlikely to find it on day one. So to make your search productive, we'll show you how to:

• get help from your real estate agent, friends, and neighbors

• compare each house with your Dream List, looking past the fancy furniture or staging, the need for fixing up, or the shininess of a recent remodel

• see whether you can live with the layout

• review disclosure and other information you receive from the seller

• do your own, informal inspection for repair issues, and

• understand how to approach buying a not-yet-constructed house, or one in a common interest development (CID).

Customer Reviews

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Sort by: Showing all of 3 Customer Reviews

  • Anonymous

    Posted June 29, 2009

    Great for those considering buying a home.

    This book is well organized by chapter to help you find the information you need. The entire thing was helpful for me during the home-buying process to help me understand the steps and what to expect.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted June 18, 2009

    I Also Recommend:

    9780470453650

    A great investment!

    Unlike most how-to books, I read this one cover to cover. It covers every step in the home buying process, in order from start to finish. It includes detailed information on topics such as finding the right house, finding a loan, getting a good real estate agent, figuring out what to offer, the closing process, inspections, homeowners insurance and more. I bought a small army of how-to books to help me buy my first home, but I really only needed this one.

    Was this review helpful? Yes  NoThank you for your feedback.   Report this reviewThank you, this review has been flagged.

  • Anonymous

    Posted May 5, 2009

    No text was provided for this review.

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