The Everything Homebuying Book
by Weiss, Mark B.-
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Author Biography
Table of Contents
| Acknowledgments | p. ix |
| Top Ten Things You Will Learn from This Book | p. x |
| Introduction | p. xi |
| The Ins and Outs of Buying a New Home | p. 1 |
| Renting vs. Owning | p. 2 |
| Overcoming Homebuying Fears | p. 3 |
| The First-Time Buyer | p. 8 |
| A Home Is a Good Investment | p. 11 |
| Patience Is a Virtue! | p. 15 |
| The Price of Home Ownership | p. 17 |
| Examining Your Options | p. 18 |
| The Importance of the Down Payment | p. 19 |
| Where Will the Money Come From? | p. 22 |
| Financing Options | p. 24 |
| Equity Sharing | p. 29 |
| Private Mortgage Insurance (PMI) | p. 31 |
| Low Down-Payment Options | p. 32 |
| Choosing the Right Mortgage | p. 33 |
| Getting Approved | p. 34 |
| Who Offers Mortgages? | p. 36 |
| Your Loan Choices | p. 37 |
| Which Type of Loan Is Best for You? | p. 40 |
| Choosing a Lender | p. 41 |
| How Much Can You Borrow? | p. 46 |
| Applying for a Loan | p. 48 |
| Dealing with a Poor Credit History | p. 51 |
| Mortgage Insurance | p. 55 |
| Working with a Real-Estate Agent | p. 57 |
| How Can an Agent Help You? | p. 58 |
| Finding the Right Agent | p. 61 |
| What You Need to Know about "Disclosure" | p. 64 |
| The Buyer's Broker | p. 65 |
| Discrimination by Agents | p. 66 |
| Making the House Hunt Easier | p. 67 |
| Buying Solo or with Others | p. 69 |
| Single and House-Hunting | p. 70 |
| All Together Now | p. 70 |
| The Legal Options in Shared Ownership | p. 72 |
| The Contract among Cobuyers | p. 76 |
| Living Trusts | p. 77 |
| Which House Is Right for You? | p. 79 |
| Understanding Your Lifestyle | p. 80 |
| The City or the Suburbs? | p. 81 |
| At Home in the Country | p. 83 |
| Homeowners' Associations | p. 84 |
| Gated Communities | p. 86 |
| No Children Allowed | p. 87 |
| Your Dream House | p. 88 |
| Keep the Resale Value in Mind | p. 89 |
| The Resale House | p. 91 |
| The Benefits of a Resale Home | p. 92 |
| Choosing the Right Neighborhood | p. 92 |
| Features to Look For | p. 95 |
| Evaluating Floor Plans | p. 107 |
| Historic Houses | p. 109 |
| A Word of Warning | p. 111 |
| Condos and Co-ops | p. 113 |
| The Growth of Condominiums | p. 114 |
| Is Every Owned Apartment a Condo? | p. 115 |
| How a Condo Works | p. 116 |
| What If Something Breaks? | p. 120 |
| Maintenance-Free Living | p. 121 |
| Beware of Overbuilding! | p. 121 |
| Selecting the Right Condo | p. 122 |
| Buying into a Brand-New Community | p. 124 |
| The Cooperative Lifestyle | p. 125 |
| Condo or Co-op? | p. 126 |
| Special Home Choices | p. 127 |
| New Housing Developments | p. 128 |
| Lofts | p. 130 |
| Fixer-Uppers | p. 133 |
| Paying for a Fixer-Upper | p. 136 |
| Using Contractors | p. 142 |
| Manufactured or Modular Homes | p. 143 |
| Mobile Homes | p. 145 |
| Shopping the Neighborhood | p. 147 |
| Choosing the Right Town | p. 148 |
| How's the Neighborhood? | p. 148 |
| A Community's Character | p. 151 |
| Evaluating Real-Estate Taxes | p. 153 |
| Schools | p. 156 |
| Is It the Right Neighborhood for You? | p. 158 |
| A Look at the Lot | p. 162 |
| Be Prepared to Expand Your Search | p. 166 |
| Negotiating the Best Price | p. 167 |
| What Is Fair Market Value? | p. 168 |
| The Market at the Moment | p. 170 |
| Your Initial Offer | p. 171 |
| The Counteroffer | p. 172 |
| Keep Your Emotions in Check | p. 174 |
| Negotiating with FSBOs | p. 176 |
| Secrets of Successful Negotiating | p. 177 |
| Negotiating the Closing Date | p. 179 |
| Other Negotiating Tactics | p. 179 |
| Negotiating the Best Contract | p. 181 |
| Finding a Good Lawyer | p. 182 |
| Who Writes the Contract? | p. 183 |
| What a Contract Must Have | p. 183 |
| Other Considerations and Contingencies | p. 184 |
| Writing the First Check | p. 189 |
| An Additional Deposit | p. 189 |
| Can You Change Your Mind? | p. 190 |
| The House Inspection | p. 191 |
| Why Have an Inspection? | p. 192 |
| When You Inspect a House | p. 193 |
| The Condo or Co-Op Inspection | p. 194 |
| What to Look For | p. 194 |
| The Seller's Disclosure | p. 200 |
| Calling in the Pros | p. 201 |
| Checking out Complaints | p. 203 |
| Evaluating the Problems | p. 204 |
| Be Reasonable | p. 205 |
| The Closing | p. 207 |
| Closing Ceremonies | p. 208 |
| Closing Costs | p. 209 |
| Mortgage-Related Charges | p. 210 |
| Special Items | p. 211 |
| Reserve Funds | p. 212 |
| Charges for Title Services | p. 212 |
| Other Settlement Charges | p. 213 |
| Closing Day Tasks | p. 214 |
| Is Anything Tax Deductible Here? | p. 216 |
| Finally, "In Closing..." | p. 216 |
| Building Your Own House | p. 219 |
| Simple Ways to Acquire a Lot | p. 220 |
| Does the Government Offer "Free" Land? | p. 220 |
| Shopping for a Site | p. 221 |
| There's Building, and There's Building | p. 224 |
| Buying a House Before It Is Built | p. 224 |
| The Custom-Built Home | p. 228 |
| Working with Professionals | p. 229 |
| Paying for Your New Home | p. 231 |
| New-Home Warranties | p. 232 |
| You Can Do It! | p. 232 |
| Vacation Homes | p. 233 |
| Is Owning a Vacation Home for You? | p. 234 |
| Benefits of Owning a Vacation Home | p. 236 |
| Obligations of Owning a Vacation Home | p. 237 |
| Types of Vacation Homes | p. 238 |
| Renting out Your Vacation Property | p. 240 |
| Your Future Residence? | p. 240 |
| Other Real-Estate Opportunities | p. 243 |
| Dealing with the FSBO | p. 244 |
| Distressed Properties | p. 244 |
| Buying Houses at Auction | p. 247 |
| Sheriff's Sales | p. 248 |
| Conventional Auction | p. 249 |
| The Best Time to Buy | p. 252 |
| Is Landlording for You? | p. 253 |
| Could You Become a Landlord? | p. 254 |
| What Being a Landlord Entails | p. 255 |
| Finding the Right Property | p. 256 |
| Making Improvements | p. 258 |
| Open for Business | p. 259 |
| Dealing with Tenants | p. 260 |
| Handling Basic Maintenance Repairs | p. 262 |
| Rental Property Is Like a Second Job | p. 264 |
| Protecting Your Investment | p. 265 |
| The Importance of Homeowner's Insurance | p. 266 |
| What Is a Homeowner's Policy? | p. 266 |
| Varieties of Policies | p. 267 |
| Still More Coverage | p. 270 |
| Insurance for a Condo or Co-op | p. 272 |
| How to Lower Your Insurance Costs | p. 272 |
| Keeping Track of Your Policy | p. 273 |
| When It's Time to Move | p. 275 |
| Moving into Your New Home | p. 276 |
| Looking into the New Community | p. 276 |
| Taking Inventory | p. 277 |
| Before You Go | p. 281 |
| Selecting a Mover | p. 281 |
| The Corporate Move | p. 285 |
| Relocation Companies | p. 286 |
| What You'll Need the First Days | p. 288 |
| Settling In | p. 289 |
| Glossary | p. 292 |
| Mortgage Tables | p. 300 |
| Resources | p. 318 |
| Index | p. 325 |
| Table of Contents provided by Rittenhouse. All Rights Reserved. |
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