From the most trusted name in real estate, a new and fully updated edition of the indispensable guide that helps first-time buyers land the home of their dreams
What does “location, location, location” really mean? How do I decide what to offer on a house? What exactly is the closing?
Buying a home is one of the most important decisions in any person’s life. It will be the place where you plant your roots, come home after a long day, raise a family, or make a successful investment. But how, with everything from student loans and an uncertain marketplace stacked against you, do you get to that idyllic future? In 100 Questions Every First-Time Home Buyer Should Ask, Ilyce Glink, one of the most trusted names in real estate, answers all of your questions about home buying–and some you didn’t know you had–and takes you on a personal journey from open houses to moving day. Weaving together advice from top brokers around the country with illustrative stories and her own unparalleled expertise, 100 Questions is a one-stop shop to getting the home of your dreams.
Three years ago my husband and I realized we needed to get us and our two daughters out of our two bedroom apartment. It was a terrifying thought. We had spent a long time comparing areas, rents, amenities and school districts because where we lived in the city you can literally have half million dollar homes on one side of the street and low income, federally funded apartments on the other with everyones kids either attending public school or charter schools together. It is an insane mix and we were tired of the problems that came with it.
The home buying process seriously sucks, much worse than trying to find a place to rent. At least if you hate your apartment you can leave in 6 months to a year; buying is much more long term.
She starts off with a list of questions you should ask yourself to make sure you are ready and are wanting to buy a house for the right reasons. She breaks each question down further providing tips and more questions in order to help you figure things out. Such as examining your finances and including bills you don’t normally think about when determining your income affordability for a house. Do you have an expense like a gym membership or weekly salon appointment that is technically a luxury but you can’t do without? Subtracting things like that will help you figure into how much you can actually afford for a mortgage. Understanding your lifestyle and what you need to keep versus giving up are a huge part that play into figuring out how much home you can ‘really’ afford and not something those mortgage calculators will reflect accurately.
When we first moved into our home our mortgage was roughly the same as our rent (which is a sad reflection on what we were paying for a 2 bedroom apartment versus a 3 bedroom house with land). We thought our lifestyle wasn’t going to change much. We kind of forgot now we didn’t have a landlord to take care of all those plumbing, electrical, etc problems so now we needed money for that. A house came with a yard which was added expense and maintenance. The list goes on. We began having to adjust our lifestyle to the home we chose so we made a lot of mistakes in the beginning.
She provides info on websites and apps that will help instead of hindering your homebuying process. Credit reports are always a fun and often misunderstood or overlooked pain that has serious reprecussions for what kind of home, if any, you can get so her tips on how to have yours in tip top shape is a must read.
Despite the weighty material I found this very easy to read and take notes on the things
I loved her Top Ten List at the end of 1st time Mistakes because you should take this and blow it up to poster size then put it up wherever you’ll see it daily so you do NOT do these. After you know what not to do she provides 6 things you should do to make the process easier. She also goes into details about buying an existing home, an older home or if you build a new home which has become increasingly the way to go among millenials especially. I have multiple friends that went the way of building a new home with a builder in one of those planned developments while we bought a house a few decades older. They may have the nicer fixtures with no worries about anything breaking down any time soon but our house was a third of what they paid and we got a ton more land with our dollar whereas their yard could fit inside our house; it just comes down to what you want and what you’re willing to live with versus sacrifice.
This is the book you need if you are thinking about buying a home in your lifetime or you know someone who is because as the title suggests she lists out 100 questions you NEED to ask then provides the answers.
Thank you to Netgalley and Three Rivers Press for allowing me to review this!
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