For most people, buying their home is the biggest investment they make in a lifetime. That’s why, it is important to know how to search properly for real estates, how to negotiate the best deals, and what to look for in order to avoid common pitfalls. Knowledge is power and educating yourself before getting the keys to your new home is essential. If you are buying your first home, need to relocate or look for a potential investment in real estate, these five books will give you some great insights from the property market and tips on home buying.
Here are the five best books with home buying tips we recommend:
Buying a Home: Don’t Let Them Make a Monkey Out of You by Alysse Musgrave. This book offers fresh ideas on how to buy your dream home without paying too much and fall victim of homeowner scams. It teaches everything from how to identify the “right” home, how to choose a real estate agent and how to write an offer, to negotiating strategies, financial tools and even how to avoid traps and pitfalls set by the real estate and mortgage industries. It reveals how to recognize fraud when you see it, so they can’t make a monkey out of you!
Nolo’s Essential Guide to Buying Your First Home by Ilona Bray. This guide includes knowledge and professional advice on deciding on a home to buy, finding the best value, financing options, negotiating, and closing the deal. It focuses on how to do a thorough, proper research before making your offer, as well as on what to expect when looking for financing. Here you will find valuable insights from professional real estate agents.
Home Buying Kit For Dummies by Eric Tyson and Ray Brown. This is one of the best beginner’s guides to buying a home – it’s easy to read, well-constructed and providing deep understanding of key aspects. It separates the purchase into logical steps and gives a lot of examples, documentation and practical cases, which can be far more useful than mere theory on real estate. It explains why home prices rise and fall, how to improve your credit score, and even tips for deciding between purchasing and renting a home.
Afford That Home – A guide to Buying A Home Within Your Budget by Rajat G. This is a short book explaining how to search for the best value, in what kind of market, how to get the price you want vs. the listing price, and so on. It reveals important factors to consider before buying your new home and helps buyers to calculate home affordability. How to manage your finances, what to expect from the market and the financial institutions – the book explains everything you need to know for purchasing the best property within your budget.
How to Save Thousands of Dollars on Your Home Mortgage by Randy Johnson. When it comes to financing a real estate purchase, the most common option is the mortgage (unless you are a wealthy cash buyer). This book clarifies issues such as what is the mortgage and what types of loans are available with banks and other financial institutions. Here you will learn about all associated expenses in a real estate transaction – closing costs, lender fees, interest rates, and so on. Overall, it explains the real rules in the home mortgage industry.
This is one of the biggest decisions – whether to buy this home or not. Without basic knowledge on home buying and generally, on the real estate market, you can choose poorly, lose money, and maybe regret for your ignorance for the rest of your life. That’s why these five books are a must-have before going on your home hunt.