Home » Financing Major Purchases » Financing a Home » Buying a Home: The Missing Manual

Comments

  1. Manju says:
    11 of 12 people found the following review helpful
    4.0 out of 5 stars
    Must read for home buyers, May 6, 2010
    By 
    Manju (Washington DC) –

    This review is from: Buying a Home: The Missing Manual (Paperback)
    Caveat Emptor: Let the buyer beware. For no one is this adage more true than for those of us in the market for a new home! And for anyone new to the game, or maybe who landed in a money pit in their previous purchase, this book deserves a prominent place on your reading list ASAP. Nancy Connor covers every step of the often daunting real estate purchase, beginning with the often overlooked question, “Is home ownership right for you now?”

    Like many in the Missing Manual series, this book is written in clear, concise prose that is easy for the real estate novice to understand, while never speaking down to the reader. We have the e-book version which in the Stanza reader can be annotated, as well as shared via email. Perhaps the one thing that may be missing in this Missing Manual is mention of the one website that provides most of the information (past sales, taxes, assessments, time on the market, whether it has been delisted, relisted, price changes, etc.) Ms. Connor recommends buyers have in hand when evaluating their home options: Redfin.com. We hope it will be included in future editions.

    We happened upon “Buying A Home: The Missing Manual” when we were already half way through the process — we had budgeted our closing costs, interviewed buyers’ agents, gotten pre-approved by our lender, and were 2 months into home tours. After reading this Manual, we are far better armed with checklists and questions for the most crucial steps to come: making and negotiating offers, home inspections, dealing with contingencies, and closing. While we wish we had had this Manual before we began our odyssey on the the stormy sea of real estate negotiations, we are grateful now to have a another guide to see us past the sirens and reefs ahead.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  2. John Jacobson says:
    7 of 7 people found the following review helpful
    5.0 out of 5 stars
    An Essential Manual, May 7, 2010
    By 
    John Jacobson (Riverside CA USA) –

    This review is from: Buying a Home: The Missing Manual (Paperback)
    The list above authored by Nancy Conner covers the essentials of the book. But if you want the thinking behind the advice, you need to buy the book.

    Other reviewers have noted the contents in sufficient detail, I’ll just make a couple comments.

    As is true of most “missing manuals,” the writing is clear and to the point, the inevitable “gotchas” are well covered. For most of us, the process of buying a home is frightening and intimidating, this book will help reduce the anxiety level created by the process.

    It is particularly helpful in detailing the closing costs associated with a home purchase.

    This is an excellent resource to obtain before you begin to look for a home, and it will help guide you through the process of making the biggest financial investment of your life.

    Highly Recommended.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  3. NMB says:
    5 of 5 people found the following review helpful
    4.0 out of 5 stars
    Good Book for First-Time Buyers, May 5, 2010
    By 
    NMB (Canada) –

    This review is from: Buying a Home: The Missing Manual (Paperback)
    “Buying a Home: The Missing Manual” is a good starting point for many first-time home buyers’s due diligence. The book is divided into four parts:

    *PREPARING FOR HOME OWNERSHIP discusses the pros and cons of owning a home and the financial groundwork that needs to be in place before purchasing a home.

    *FINDING YOUR HOME looks at creating a ‘wish list’ for your home, the people you’ll need to hire along the way (real estate agents, home inspector, etc.), and the different avenues available for finding a home.

    *FINANCING YOUR HOME could be called ‘The Mortgage Section,’ and discusses this aspect in detail. There’s also a thorough chapter on closing costs.

    *NEGOTIATING AND CLOSING THE DEAL addresses issues such as how and what to offer for a home, the ins and outs of a home inspection, and the nitty-gritty of closing.

    The best thing about this book is its practical approach to home buying, which includes the encouragement to “do the math” on home buying. I found the chapters on Closing Costs and Home Inspections particularly useful.

    The writing uses a straightforward, no-nonsense tone that is appropriate for the material. On a few occasions, the author repeats a piece of information over and over within a short span, which I found irksome. But overall, I think this is a good book for a first-time home buyer who needs a clear, accessible guide on the home-buying process.

    (A heads-up for those outside the USA: “Buying a Home: The Missing Manual” is written for those buying property in the United States; being from Canada, there were sections of the book that simply didn’t apply to me.)

    Pros: Thorough, clear, practical.

    Cons: Repetitive on occasion; may not be suitable for non-US home buyers.

    [FULL DISCLOSURE: Based on a review copy of the ebook.]

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

Leave a Reply

Your email address will not be published. Required fields are marked *

*
*