Buying and selling a home Make the right choice in any market
Book - 2006
Saved in:
- Subjects
- Published
-
Chicago :
Kaplan
2006.
- Language
- English
- Edition
- 8th ed
- Item Description
- At head of title: Kiplinger's.
- Physical Description
- x, 369 p.
- Bibliography
- Includes index.
- ISBN
- 9781419535789
- Introduction
- Part I. For Buyers
- Chapter 1. To Buy or Not to Buy
- The Intangibles
- Financial Benefits
- The Risks and Hard Work of Homeownership
- Rent Versus Buy
- Buying a House with Others
- Chapter 2. Assessing Your Resources
- Figure Your Net Worth
- The Down Payment
- How Big a Loan?
- Prepare Yourself
- How Much Down, How Much Borrowed?
- Clean Up Your Credit Report
- Your Credit Score
- Obtaining Preapproval with a Lender
- Kinds of Loans
- Get Your Earnest Money Ready
- Chapter 3. Home Sweet Tax Shelter
- Deductibility of Mortgage Interest
- Adjust Your Withholding
- Record Keeping
- Deductibility of Mortgage Points
- Deductibility of Closing Costs
- Other Tax Angles of Owning
- Deductibility of Interest on Debt Secured by a Home
- Refinancing
- Chapter 4. Define Your Needs, Pick a Neighborhood
- Make a List of Needs and Wants
- Make a "Don't Want" List, Too
- Choosing a Neighborhood
- Tips for Relocation
- Weigh the Negatives
- How is the Neighborhood Organized?
- Examine the Lot
- Chapter 5. Many Kinds of Homes
- Single-Family Detached Houses
- Condominium Ownership
- Cooperative Apartments
- Manufactured Homes
- Chapter 6. House-Hunting Strategies
- The Buyer's Market
- The Seller's Market
- Searching on Your Own
- Shopping with a Real Estate Agent
- Using a Buyer's Broker
- Perusing the Ads
- Handling the "Sale by Owner"
- Touring the House
- Scope Out the Sellers
- If Your Encounter Discrimination
- Chapter 7. Making an Offer
- How Much Is the House Worth?
- Finding an Appraiser
- Establish Your Priorities
- Need Seller Financing?
- Hire Your Own Representative
- Hone Negotiating Skills
- Put It in Writing
- The Opening Bid
- The Purchase Contract
- Presentation and Counteroffer
- Relocation Loans
- Guaranteed Sale
- Bidding on a For-Sale-by-Owner House
- Chapter 8. Have the Home Inspected
- Finding a Good Inspector
- The Cost
- The Inspection
- The Report
- Back to the Seller?
- Special Situations: New Homes, Condos, and Co-ops
- New-Home Warranties
- Help from the FHA or VA
- Chapter 9. Pick the Right Mortgage
- The Basics
- Fixed or Adjustable Rate?
- Fixed-Rate Loans
- Adjustable-Rate Mortgages
- No-Down, No Kidding
- Making a Mortgage Choice
- Go for Equity?
- The Vanishing Point
- Chapter 10. Find a Lender, Get a Loan
- The Secondary Market's Role
- Sources of Mortgage Money
- Other Types of Financing
- Using a Reporting Service
- Fine-Tuning Your Choice
- The Loan-Application Process
- Private Mortgage Insurance
- Credit Life Insurance-Something Your Can Do Without
- The Wait and the Tension
- Chapter 11. Get a Good Title
- How the Process Works
- Hazards of a Clouded Title
- Less Than Best
- Buying Title Insurance
- Title Documents You May See at Closing
- Chapter 12. Get Ready for Settlement
- How to Take Title
- Insurance on Your New Home
- Flood Insurance
- Earthquake Insurance
- Insurance on Your Life
- On to Settlement
- What to Bring to Closing
- The Final Inspection
- Prepare a File for Your Taxes
- When Your Mortgage Is Sold
- Chapter 13. Buying a Vacation Home
- Study Before You Buy
- Vacation-Home Strategies
- Buying with Partners
- Taxes Take No Holiday
- Part II. For Sellers
- Chapter 14. Alternatives to Selling
- Tapping Your Home Equity
- Second Mortgages
- FHA Loans
- Full Refinancing
- Special Help for Senior Citizens
- Chapter 15. Tax Angles of Selling a Home
- Keeping Uncle Sam's Hands Off Your Profit
- A Tax-Free Vacation Home?
- A Home-Office Trap
- Record Keeping
- No News Is No News
- Owner Financing
- What If You Can't Sell?
- Permanent Rental
- Selling for a Loss
- Moving Expenses
- Chapter 16. Polishing the Merchandise
- First Impressions Count
- Get the Place in Shape
- Do Your Homework
- Are Disclosures Needed?
- Chapter 17. Sell Through an Agent or Go It Alone?
- An Agent's Strengths
- Going It Alone
- Steps to Success for the Fizzbo
- Getting Help
- Chapter 18. Picking a Broker, Listing Your Home
- Selecting the Firm
- Finding the Best Agent
- Interviewing the Agents
- Kinds of Listings
- Elements of the Listing Contract
- Get Ready to Sell
- Chapter 19. Setting the Right Price
- The Dangers of Overpricing
- Study the Comparables
- Seller Financing?
- Get an Appraisal?
- Special Advice for Fizzbos
- Faster Ways to Sell
- Offer Help with Financing
- Chapter 20. Negotiating with Buyers
- Negotiating Through an Agent
- Considering the Contract
- Take Back a Mortgage?
- Forging an Agreement
- Selling on Your Own
- Chapter 21. Preparing for Settlement
- Keep Yourself Informed
- The Papers You'll Need
- Index