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Synopsis

Now updated — America's #1 bestselling home-buying book!

Want to buy a house, but concerned about the market? Have no fear — this trusted guide arms you with Eric Tyson and Ray Brown's time-tested advice and updated strategies for buying a home in current market conditions. You'll discover how to find the right property, make smart financial decisions, and understand the latest lending requirements and tax implications.

  • New to this edition — new and expanded coverage to help homebuyers take advantage of low home prices, understand the subprime mortgage crisis, obtain a mortgage, and improve credit scores
  • To buy or not to buy? — weigh the advantages of owning versus renting, get your finances in order, and know how much house you can safely afford

  • Handle financing — understand your credit rating, navigate the different types of mortgages, and complete all paperwork

  • Play the real estate game — find the right location and property, assemble an all-star real estate team, and make the most of the Internet's real estate resources

  • Let's make a deal — negotiate with finesse, make successful offers, inspect and protect your new home, and cover all your bases in escrow

"Invaluable information, especially for the first-time home buyer."
Fort Worth Star-Telegram

"A reference you'll turn to time after time."
St. Petersburg Times

Open the book and find:

  • Reasons why home prices rise and fall
  • Hands-on instruction for buying a home in up or down markets

  • How to pay the price you want

  • The best mortgage options

  • A sample home-buying contract

  • Pros and cons of comparable market analysis

  • Tips for overcoming mortgage and appraisal problems

  • How to cope with buyer's remorse

  • The best real estate Web sites

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