Episode-26- Home Buying For Dummies – Book Review

Tony Teolis/ January 5, 2012/ Preparedness/ 0 comments



Home Buying for Dummies Book Review

If you have visited this site before or if it’s your first time you will quickly learn that at ToDoListHome.com we keep track of things we do around the home. This is the first of several planned book reviews because as I have said throughout my life if you want to know how to do something there is a book out there waiting for you to read. I wish to introduce you to Home Buying For Dummies. 4th edition by Eric Tyson and Ray Brown. Both of these gentlemen have decades long proven track records of providing sound investing and purchasing advice. They speak common sense which for so long has been missing from the America landscape especially when it comes to make decisions with your money.

What I learned from Home Buying for Dummies

  •  Complex calculations and considerations that make buying a home possible
  • A commitment to understanding the fundamentals of making a budget
  • The various types of mortgages that are available and how to select the most responsible one
  • I learned about how and where to search for homes, to picking a lender, real estate agent, and home inspector.
  • I also learned many negotiation techniques

What’s really good about this book

  • Easy to understand and allows for new knowledge to be applied quickly
  • Contains everything you need to know about buying a home
  • Handy reference you will turn to over and over before, during and after purchasing a home
  • Contains numerous warnings about things to be aware of during the home buying process
  • Provides excellent advice on how to interview and select you home buying team members such as a lender, real estate agent and home inspector.
  • Has easy to parts of ten sections. Such as 10 tips for finding real estate on the web.

Home Buying for Dummies is a must read for

  • Anyone without years of successful experience looking to buy a home
  • Anyone who wishes to avoid costly mistakes
  • I know we avoided some big mistakes and if you listen to episodes 4 and 5 at ToDoListHome.com you will learn more about our home buying experience which took 5 years from the time we first went looking until we actually made a purchase.

I learned several things from Home Buying for Dummies. There are numerous complex calculations and considerations that make buying a home possible. A commitment to understanding the fundamentals of making a budget that allows for savings to grow towards 20% or more down payment is the first step towards determining if you should buy a home. This book helped me do that. I have put a link in today’s show notes at ToDoListHome.com to the sample spreadsheet I developed and have improved up over the years for making and living by a budget prior to and after purchasing this home.

This book also taught me about the various types of mortgages that are there and how to select the most responsible one. I also learned about all of The complexities of the home buying process from how and where to search for homes, to picking a lender, real estate agent, and home inspector. I also learned many negotiation techniques which were invaluable to keeping us on track towards our goal.
What’s really good about this book is that it is easy to understand and allows for new knowledge to be applied quickly. It contains everything you need to know about buying a home. It is a handy reference you will turn to over and over before , during and after purchasing a home. The book contains numerous warnings about things to be aware of during the home buying process. When you need on your home buying team is an individual seeking personal gain. This book provides excellent advice on how to interview and select you home buying team members such as a lender, real estate agent and home inspector.
Home buying for dummies also has easy to parts of ten sections. Such as 10 tips for finding real estate on the web. 10 financial to dos after you purchase a home. 10 things you need to know when investing in real estate and ten things to consider when selling your home.
Home buying for dummies is a must read for anyone without years of successful experience looking to buy a home. Whether it’s your first home or not Home Buying for dummies will help you consider ways to save time and money. Everyone who would like to buy a home must learn how to do it. It is a well established fact now in America that many people who bought a home in the past ten years didn’t know what they were doing. This book will greatly assist anyone who wishes to avoid costly mistakes. I know we avoided some big mistakes and if you listen to episode 4 and 5 at to do list home.com you will learn more about our home buying experience which took 5 years from the time we first went looking until we actually made a purchase.

That’s it for today now go and do something useful and don’t get taken.

Resources

Song of the day – She Has Funny Cars – Video

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