Are you a first-time home buyer or someone who’s purchased property before, but bungled it? Buying a house is a lot more complicated than buying a blender, guys. We’ve been offering newbies guidance on the home-buying process with confidence for years, and now we’ve gathered our best advice in “The Essential First-Time Home Buyer’s Book,” available now on Amazon!
Written by the realtor.com® editorial team, the book walks would-be homeowners through the entire home-buying process so they know what to expect, and how to buy their first home with ease. Home buyers will learn how to estimate the price they can really afford; the right questions to ask real estate agents, lenders, and other real estate professionals; how to negotiate with home sellers; and much more that’ll save money, time, and plenty of home-buying headaches.
A new book to help first-time home buyers navigate today’s real estate market
Along the way, we sprinkle in a bunch of fun “who knew?” facts to give a reality check to all the hype around home buying. For example: How old would you say the average American is when they buy their first home? (The answer: 32). How much money do they make, and spend on their first home? (Answer: On average, they pull in $75,000 per year and spend $203,700 on their first house.)
Why home buyers need this book
This guide also dispels many common home-buying myths that can lead first-time home buyers astray. One such myth: Have you heard you need a 20% down payment to buy a house? Not true—certain home loans from lenders might require a down payment of only 3.5% (for FHA loans) or even 0% (for USDA loans).
And in addition to pointing buyers toward the right houses for them, this book also steers buyers away from the wrong homes, and coaches them on what not to say during negotiations (e.g., don’t gush, “This is my dream house!” in front of the seller or the seller’s agent, who now know you’ll pay top dollar).
And since the home-buying process is filled with its own lingo, we’ve included a glossary to help shed some light on these mysterious terms. What exactly is a half-bath? Or what’s the difference between mortgage pre-approval and pre-qualification, anyway?
The book has already received accolades from industry insiders and media personalities alike.
“‘The Essential First-Time Home Buyer’s Book’ should be in the hands of anyone even considering buying a home,” says Jennifer Farrell, TV host and real estate expert. “I’ve been buying and selling properties for nearly 25 years, and found the savvy tips on avoiding pitfalls and navigating through negotiations to be invaluable. How I wish I had this book when I was buying my first house!”
“If you only read one book about buying your first home, realtor.com’s ‘Essential First-Time Home Buyer’s Book’ is worth your time,” agrees Dolly Lenz, a New York City–based real estate broker who’s worked with Leonardo DiCaprio, Jennifer Lopez, Jeff Bezos, and others. “This book helps you avoid the costly mistakes many buyers make simply because they neglect to ask the right questions. After reading this, my only regret is that I didn’t write it myself. It’s that good.”
The post New Book Gathers All the Essential Knowledge First-Time Home Buyers Need appeared first on Real Estate News & Insights | realtor.com®.
Source: Housing Trends Feed