Home Buying, Everything You Must Know

No one can teach you what home you would like to live in, that will be up to you. What I can show you is what homes will increase the most in value. What homes could be gems in the rough that others may not see. How to determine what improvements will increase the value of your investment. Where to find properties which will be the best value. Ways to convince sellers to give you the best price. Which creative techniques you see on late night TV work and which do not.

This book was written with the concept that as a soon to be home owner, or second home owner, you want to know "Everything You Must Know" but do not want to spend your valuable time studying endless long manuals with information which you will never use. Experts tend to write everything they know rather than what the student is looking for. In plan and easy to understand language we will walk together in fun ways to help you gain the "mindset" of home buying.

Chapter overview:

1. Real Estate, An Investment
   Examines other investments to demonstrate the value of money, the expected return on investment and the value of today's money tomorrow.
2. What Is Real Estate?
   Discuses the concepts behind property rights and the types of rights which can be purchased.
3. Who Are The players?
   Lists the people whom you will be dealing with and what their tasks and responsibilities are in the transfer.
4. Transaction
   A step by step example sales transaction showing what is going on behind the scenes.
5. Finding Value
   Concepts on value and demographics.
6. Highest And Best Use
   Using the approach of increasing value to speculate which properties will increase the most in value, both short term and long term.
7. Finding Properties
   Lists innovative ways to find undervalued homes which may be unseen by others.
8. Types Of Deals
   Types of contracts to acquire property.
9. Fixer-Uppers
   Discuses construction to determine if a home needing repair is worth the cost or if your intent is a short term "flip" whether it will be profitable.
10. Credit
   Ways to improve your credit rating to get the lowest possible interest rates.
11. Financing
   Types of loans and what clauses have the most influence and how to negotiate for what works in your situation.
12. Creative Financing
   Some of the more imaginative and sometimes risky ways that loans have been formulated.

Whether you are looking for your own home to live in or a rental home as speculation, you are making an investment. Knowing how to spot the pricing trends is paramount to get the best value and security.

Paul E. Hunt, Esq.