Publisher's Synopsis
A highly experienced real estate broker/investor/builder reveals proven methods for getting a steal - or at least a great deal - in the current real estate market.
Buying a home is something too many people take lightly because it's easy to buy with low interest rates and easy down payment loans. It is easy to buy a house, but real estate lacks liquidity, and it is much harder to sell a house than to buy one. Too many buyers don't realize that they are getting scalped by a home selling system that is complicated and little-understood by the general public, and especially by novice buyers.
The book covers why things are different now than in the past; we have a new paradigm. It teaches you how to avoid getting scalped by learning to understand the market and pinpoint the best area, based on a number of important factors unique to you and your family, to make your purchase.
Most buyers are familiar with inflation because it's been with them all their lives; however, deflation is a very big factor in many parts of the economy when you have credit contraction. Deflation is having an especially drastic effect in the housing market and it's one of the reasons for the new paradigm. You will make an intelligent buying decision by understanding what effects inflation and deflation will have on your home ownership.
The book deals with the long term effects of your home purchase. You can't just buy based on toady's needs; most people do; but the future is a lot more important than most of us imagine. You learn how to prepare to convert your house from a liability to one that gives a great boost to your retirement. You will understand the importance of getting a lender out of your life as soon as possible.
Lenders and loans are covered in a special manner. Those borrowing money to buy a house inspired the book, as those borrowing to buy, under normal circumstances, are the ones at greater risk not just to lose their homes through foreclosure, but to get in financial trouble.
The process of property selection is thoroughly covered. You get many ideas about finding the right agent to guide you through buying process, to finding the right property at the right price, to making offers in a way that works out in your best interest.
The Closing is extremely important; that's when you shut the door to backing out of a purchase. You'll learn which documents at the Closing table have meat to them, and which are mostly an empty cardboard box of legalese that do nothing for you, but do a lot for those whose hands are in the real estate selling pie.
Finally, the book takes you beyond the closing. You'll find ideas and suggestions you won't get from most folks taking you on the home buying ride.
