Before You Buy!: The Homebuyer's Handbook for Today's Market

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Penguin, Feb 22, 2011 - Business & Economics - 304 pages
6 Reviews
Read Michael Corbett's blogs and other content on the Penguin Community.

The bestselling author of Find It, Fix It, Flip It! returns with a new book specifically tailored for today's market.

After a period of dramatic flux, the real estate market is rebounding- but the playing field is tougher than ever. Michael Corbett, bestselling author and the host of NBC's Extra!'s Mansions and Millionaires, teaches today's prospective homebuyers everything they need to know, including:

•Why Now is the Time to Buy
•The 10 Most Costly Buyers' Blunders
•Five Before-You-Buy Checklists for Each Type of Property
•How to Navigate Foreclosures and Short Sales
•Inspections, Mortgages, Closings, and Beyond

Corbett is a household name, and real estate novices and seasoned buyers alike will want to benefit from his expertise.
 

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Very well written and organized and helpful for new home buyers. This isn't a get rich quick book which is why it is so appropriate. It goes over all aspects of the home buying process and includes worksheets to help you prepare for the future.

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"BEFORE YOU BUY" Is a Life Saving, Bank Account Saving Handbook - That makes buying a home easy and fun like it should be. You saved us thousands and thousands of dollars and months of time. You make buying a home easy and stress free. My wife and I did not know where to begin in the process of buying, and your book is step by step and covers everything! It makes Buying A Home Fun instead of scary. THANK YOU!! (Brandon Brendel) 

Contents

What You Learned in This Chapter
Dont Focus Only on Foreclosures and Short Sales
What Is a Short Sale?
More StressedOut Options
Wow Thats Really a Deal Or Is It?
Never Go It AloneWork with the Pros
What You Learned in This Chapter
Go Back and Really Look

Know What Went Wrong to Know Whats Right Now
The Nine Nasty Sins of the Market Crash
Understanding Todays New Market
The New Rules for Todays New Market
Its Only on Paper Till You Sell
Why Buy Now
What You Learned in This Chapter
Rent vs Buy
How Much Money Will You Need?
The Ongoing Costs
What You Learned in This Chapter
Your Financial SnapshotTake a Picture
Count Up Your Cash and Other Liquid Funds
What Will Your Money Buy You?
Where Do I Get the Down Payment?
Grab a Deal When the Market Is Down
What You Learned in This Chapter
What Your Credit Report Says about You
Clean Up Your Credit Score
Become the Perfect BuyerGet Preapproved
What You Learned in This Chapter
The House of Your DreamsLiterally
The Dream House ChecklistWhat Needs to Be on Your List?
Price
Location
Getting More House for Your MoneyNeighborhoods on the Rise
Factoring in the Commutea Major Location Consideration
Lifestyle Dictates Location
Single Homebuyers
What You Learned in This Chapter
OlderExistingFixer Homes
Four Categories of OlderExistingFixer Homes
Estimate Repair Costs before You Make an Offer
New and Preconstruction Houses and Condos
Condos and Coops
Multiunit Properties
Have Some Strangers Pay Off Your Mortgage
What a Realtor Can Do That You Cant
Brokers Realtors and Agents
How to Find the Perfect Realtor
Questions to Ask a Real Estate Agent
How to Work with Your Realtor
Understanding Commissions
What You Learned in This Chapter
Shopping Reality Check
The Internet
Open HousesLook Dont Touch
Serious Shopping with Your Realtor
The Buyers Preparation Package
How Many Houses Do You Need to See?
How to ShopKeeping Track
The Market Temperature Affects Your Shopping Price Range
The Inside ScoopWhats Not in the Listing
Find Out the Houses Market History
Ten Questions Home Sellers Dont Want You to Ask
Uncover the FinancialsCondos and Coops
Get the Neighborhood Scoop
How Much Is That House Really Worth?
Evaluating the Compsthe Elements of the Comps
Whats This House Worth Today Not Tomorrow?
What You Learned in This Chapter
Creating the WinWin DealIts All about Integrity
Dont Buy Emotionally
Three Steps to the Offer Process
Putting the Offer Together
Presenting the Offer
The Counteroffer
EleventhHour Deal Savers
Four Backup Offer MustHaves
Dont Buy the New House before You Sell the Old House
What You Learned in This Chapter
What Have I Done? The Big Freakout
Walking through the Closing Land Mines
The Closing ThreeRing Circus
Keeping Both You and Your Seller on Schedule
Hiring the Inspector
Sellers DisclosuresDemand Them before Inspection Day
Let the Inspection Begin
What to Inspect
How to Negotiate after the Inspection
What You Learned in This Chapter
Getting a Mortgage TodayWhat to Expect
The New Rules of Borrowing
The Best Mortgages for Todays New Market
Mortgages to Avoid in Todays New Market
Conforming vs Jumbo LoansTerms to Know
Its a Crazy Process TodayWhat to Expect
Fees to Look Out For and Compare
Beware the LastMinute Loan Bait and Switch
Waiting for the Bottom Will Cost You
What You Learned in This Chapter
How to Save Thousands in Closing Fees
Buyers Estimated Closing Costs Statement
Ones to Look Forand Get Rid Of
More Closing PaperworkTitle Appraisal Insurance
What You Learned in This Chapter
Ten LastMinute Tips for a Smooth Closing
Final WalkThrough
What to Expect on Closing Day
Taking Possession of Your New Home
Congratulations Its All Yours
House Shopping Internet Sites
Copyright

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About the author (2011)

Michael Corbett has been a household name to television viewers for nearly twenty years, starring as “Daytime’s Most Lovable Cad” (People) on The Young and the Restless. Having personally flipped over thirty homes, this home expert is regularly featured on CNN and HGTV, where he has an eponymous line. As host/producer of Extra’s Mansions and Millionaires, Corbett is watched by 17.5 million viewers a week.

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