Thursday, March 13, 2014
Book Review #27
Home Buying for Dummies
Eric Tyson and Ray Brown
This book puts a clear vision for first time home buyer. Starting with, "which one is more expensive, rent or buy?" the authors give clear examples of advantages of renting vs. buying. Both views are fairly presented so that you can make a good decision. Of course, the book then proceeds on the assumption that you're buying your house.
A workbook is provided to tell you exactly what you can afford. Followed by mortages, insurance, and other headaches. In chapter 9, the book advises hiring an agent, even if you find the home yourself. Luckily for me, I did find a good agent. And so, I can recommend that you do so, as well. You still need to do your homework, and find out what the price range, neighborhood, and type of home you're looking for.
The last part of the book deals with forms. I can tell you that going through the process, there's quite a bit more paperwork than that. In the end, my agent got me a special loan processor, who is worth her fee, because the amount of work is equivalent to building up a big, thick, dictionary. I lost count of the number of signatures I had to sign.
If you ever wonder whether or not you should stop renting and buy a house for yourself, reading this book will get you ahead in your decision. Recommended.