You can save thousands of dollars on your next home.
How? By using dozens of little-known techniques.
Here is some of what you'll get when you buy the book:
- Ways to save money on every step of the home-buying process.
- The best places on the web to find cheap houses.
- Proven techniques you can use to negotiate a lower price on any home.
- Great ways to find cheaper homes right where you live.
What Else?
- You probably know that stains around a water heater may indicate leakage, but how do you remember the 70 things you should look at in a house? Use the home-inspection checklist in Chapter 20.
- You probably already know that raising your deductible or dropping extra riders can lower your insurance premium. Learn the other ways to save on home owners insurance in Chapter 23.
- You know that better credit can save you thousands by qualifying you for lower interest rates, but do you know how to fix your credit report quickly? Learn how in Chapter 26.
- Why should you offer $161,850, instead of $162,000? It's a technique called "implied authority," and it is explained, along with many other powerful negotiating techniques, in Chapter 11.
- Why do your own home inspection? You should probably pay for a good home inspection, but if you do your own first, an inspection can save you thousands. Find out how in Chapter 13.
- What is the difference between an FHA 203(b) and an FHA 203(k) mortgage loan? With the latter you can borrow enough to buy the home and fix it up. Dozens of different loans are discussed in Chapter 17.
- What is the difference between a condo and a co-op? Which one should you probably stay away from? (Hint: one is real tough to finance.) You'll find out in Chapter 7.
- Want to buy a really cheap home? You'll find a great fixer-upper formula detailed in Chapter 8. Don't even think about buying a fixer-upper until you read this.
- Save thousands on financing. A lower price is only one part of getting an inexpensive home. The right financing might be the area where you can save the most. All of Section Four is devoted to this.
- Is your real estate agent a spy? If you casually mention that you could go a few thousand higher on your offer, he may have a fiduciary responsibility to pass that comment on to the seller. Chapter 25 will clue you in to all the things agents don't want you to know.
- I once saw someone buy a home for less than half the offering price. How do you get a deal like that? Make an offer, for starters, but first read Chapter 11 for a powerful way to present a low offer.
- Do you know how to lower your property taxes? This isn't always possible, but I'll show you what worked for me in Chapter 18.
- Did you know you can save $750 or more on your FHA mortgage loan by completing a short educational program? This and many other ways to save money are covered in Chapter 28.
- Are you making a costly mistake? Some of the most common ones are listed in Chapter 27, with advice on how to correct or avoid them.
More!
From start to finish - you'll learn how to save money at every step:
- Why you need to be pre-approved, not just prequalified for a loan.
- Where the cheapest homes that meet your needs are in your town.
- What your housing options include.
- What to ask a home inspector before hiring him.
- Twenty-five questions to ask your lender.
- The simple research that can save you a fortune.
- Specific negotiating techniques to use with the seller or his agent.
- No-doc versus low-doc loans.
- How to save on most of the closing costs.
- How to keep from getting ripped off by contractors.
- How to get the seller to pay the closing costs.
- How to continue saving money after you buy the home.
- How moving the date of your closing can reduce the cash you'll need.
- A moving checklist, so you won't forget anything.
