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    Save BIG $$$ Buying Your Home, A Smart Buyer Guide
    Save BIG $$$ Buying Your Home, A Smart Buyer Guide
    Save BIG $$$ Buying Your Home, A Smart Buyer Guide
    Ebook146 pages1 hour

    Save BIG $$$ Buying Your Home, A Smart Buyer Guide

    By Michael Beech

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    About this ebook

    Don’t Buy a Home Until You Read This Guide.

    It makes me angry to see honest, hard working people—people who trusted their real estate advisors—get bad advice and then a raw deal when they buy a home. Brokers and trusted agents let them go out and get killed, figuratively (even actually), when buying their dream home. They don’t seem to care that people work hard for years and cut back on expenses to save, save, save toward the day when they can finally make a down payment on a home. It is a core dream in America. Then, uncaring participants in the real estate industry take advantage of inexperienced buyers and lead many of them into big financial losses and disasters.

    In this absolutely unique how-to manual, you will learn things never before revealed about the murky inside workings of real estate transactions.

    Exposed—the dark side of real estate and the dirty little secrets that can cost you tens of thousands of dollars in hidden and unnecessary expenses.

    Expert Tips You Won’t Find Anywhere

    Owning your own home can be a wonderful thing. But buying the wrong home, one filled with problems, can be a life wrecking experience. Your first attempt at buying a home can easily be your last, especially if you get it wrong. You see, many homes can be money pits to repair or maintain and cause you endless grief and worry.

    I will show you a safe path through the home buying minefield. You will not hear about mythical “make a fortune in real estate” tricks or any complex financial shenanigans that normal people can never use. I will, on the other hand, give you a down to earth, easy to apply method of examining a house and determining if it is worth turning into your dream home. Then I will show you how to buy a house at the best price you can reasonably get.

    Over my house buying career I have bought many dwellings. In addition I have examined perhaps half a thousand houses for myself and for others. Many of those just didn’t make the cut. I, personally, remodeled all of the homes I purchased. It was full contact, hands-on remodeling, using very few contractors except for the most specialized or labor intensive work. Later, I worked for a number of years as a home inspector, inspecting houses for families buying homes. Whenever I found serious defects, I reported these to the prospective buyers. Many of those people did the smart thing and walked away from houses that I exposed as having shocking hidden flaws. By rejecting those sick houses they all dodged big bullets, survived financially intact, and went on to find and buy better houses . . . houses that were solid and well maintained.

    So, here you will receive the benefit of all my years of experience. Like a secret advisor on your shoulder, I’ll be with you to every step of the way through the real estate swamp, to help you arrive safely to the home of your dreams.

    LanguageEnglish
    PublisherMichael Beech
    Release dateJul 7, 2017
    ISBN9781370656790
    Save BIG $$$ Buying Your Home, A Smart Buyer Guide
    Author

    Michael Beech

    Author of 3 books in both print and PDF and 8 ebooks, Michael Beech has been helping the 3D community since 2002 by writing and publishing educational manuals on 3D photography. A leader in developing and promoting innovations in digital 3D special effects, he has shared his findings and knowledge about such topics as: — Simplified stereo base calculation — Virtual (floating) windows — Forward windows — Frameless windows — Out-of-frame effects — Techniques to cure window violations — Legal” and “soft” window violations — Fatal mistakes when photographing 3D — Ways to fix errors made when photographing 3D — 2D to 3D conversion — Slide-bar designs — Photoshop stereo alignment techniques His books have provided “how-to” information that could not, and cannot be found elsewhere. Over the past 12 years, thousands of students of 3D have been helped by his tireless advice in multiple 3D stereo forums online. He has been published in Stereo World (NSA) magazine and Stereoscopy (ISU) magazine and won a first place award in an international 3D photography contest. Books include: — Digital 3D Stereo Guide — Mastering 2D to 3D Conversion — 3D Stereo Magic — Super Stereo 3D — Beginner’s Guide to 3D Photography — 3D Photography with Photoshop — 3D Photograph Assembly with Photoshop Actions — Mastering the 3D Cha-Cha — 3D Photography Slide-Bars --- 3D Photography Stereo Base Made Easy — 2D to 3D Conversion with SPM — 3D Photograph Assembly with SPM — 3D Photography Made Easy

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      Book preview

      Save BIG $$$ Buying Your Home, A Smart Buyer Guide - Michael Beech

      TABLE OF CONTENTS

      for

      Save Big $ Buying Your Home

      ●

      Introduction

      1—How to Gain Advantages

      The Advantages You Will Gain

      The Costs of Mistakes

      Learning How to Look at a House

      2—Costs of Home Ownership

      How Much House Can I Afford?

      Pre-closing Costs

      Closing Costs

      Pre-move-in Costs

      Move-in Costs

      Recurring Costs

      Repair and Maintenance Expense

      Unexpected Expenses

      3—Don’t Be a Sucker

      Buyer Beware

      No Friends in This Deal

      Everybody Lies

      Choosing a Home Inspector

      4—The Preliminary Look

      The Preliminary Look

      Exterior and Surroundings

      A New Point of View

      Fatal Flaws

      Homework and Research

      Drive Time

      5—Getting Serious

      The Revisit or Serious Look

      Examining the Numbers

      Don’t Overextend Yourself

      Housing Price Cycles

      Interest Rates

      6—The Offer

      Calculating the Value of the House

      Positive Factors Affecting Price

      Negative Factors Affecting Price

      What Happens Now

      The Offering Price

      Making an Offer

      The Accepted Offer

      Disclosure Documents

      7—The Home Inspection

      Why Hire a Home Inspector

      Choosing a Home Inspector

      Don’t Be Cheap

      What is a General Home Inspection?

      Material Defects

      8—The General Home Inspection

      Conducting the Home Inspection

      Sewer Inspection

      Radon Danger & Inspection

      Mold Danger & Inspection

      Asbestos Danger & Inspection

      Other Inspections

      9—Structural Inspections

      Personal Safety

      Roof

      Attic

      Foundation & Structure

      Crawlspace

      Basement

      Geology

      Exterior

      10—Mechanical Inspections

      Climate Control/HVAC

      Plumbing

      Water Heater

      Electrical and Service Panel

      Fireplace

      11—Miscellaneous Considerations

      Doors, Windows & Interior Inspection

      Structural Modifications

      Building Code Restrictions

      Geology, Water & Drainage

      Health Hazards

      Building Permits

      Vermin

      Tools

      12—The Home Inspection Report

      Understanding the Report

      The Objections Letter

      Example Objections

      13—Estimating Repair Costs

      Why You Need to Estimate Costs

      Making an Estimated Cost List

      Using the Estimated Cost List

      How to Make a Remodel Estimate

      Using the Estimate

      14—The Closing

      The Walkthrough

      Closing Activities

      Absentee or Remote Closing

      The House is Yours

      Appendix A—Repair Costs

      Estimated Repair Cost List

      Appendix B—Photos

      Photos of Weird Defects

      More Books

      By Michael Beech

      Connect with Me

      ●

      Save BIG

      $$$

      Buying Your Home

      A Smart Buyer Guide

      ***

      A Book in the Unlimited Power Series

      (Gain Power in Your Life)

      by

      Michael Beech

      ●

      Copyright 2017 Michael Beech

      Rev. 7/2/2017

      Published by EnfoPress.com

      This e-book is licensed for your personal enjoyment only. This e-book may not be re-sold or given away to other people.

      If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please purchase your own copy. Thank you for your honesty and respecting the hard work of the author.

      The images and text remain the copyrighted property of the author and may not be reproduced or distributed in any manner without the permission of the copyright holder.

      ●

      Introduction

      ●

      The profit you will make,

      Buying and selling houses,

      Depends mostly on

      How well you buy.

      ●

      Buying a home can be an exciting, frightening and confusing event, particularly if you are a first time home buyer. The secrets and inside information about how to buy a home are things they don’t teach in school. Invariably you will have many worries about making a mistake and buying the wrong house, particularly one with serious problems. This is a valid concern. You are absolutely right to be worried, and it wouldn’t hurt to be even more worried. Being worried will help keep you focused.

      Secret Hazards to Buying a Home

      Yes, you can buy a house and, with luck, make many thousands of dollars when you sell. But, there are numerous secret hazards in the home buying process. Nobody will point these out to you; not the seller and not even your own agent. The worst mistakes you can make will most likely occur during the purchasing phase.

      Messing up the home buying process by getting a sick house or by getting stuck with a money pit house or by buying at the wrong time can be a life wrecking mistake. If you get it wrong you may never recover financially and/or emotionally. The only way to fix a bad house deal is with money . . . a lot of money in sometimes staggering amounts. Financial disasters on this scale can lead to divorces, bankruptcies, depression and worse. PTSD is often a very real result when a home buying disaster costs someone a lifetime of savings.

      Whether you are buying a house to make it a home, buying it as an investment, or buying it to remodel and resell, the process is the same. The potential profit on a home can be hugely impacted by any mistakes you make when you buy. Usually, houses are overpriced for their condition. Very rarely is a house underpriced. If you lack the skills and knowledge to uncover the hidden flaws in a house, you will never get the best possible deal. My job is to give you the information you need to help you avoid disaster and find the hidden gems.

      Maybe you want a house where you don’t have to fix anything, or maybe you want a house that you can completely overhaul and update. Regardless, you have to discover if the house is in acceptable condition . . . you do not want any big surprises.

      On the other hand, if you are looking to buy and flip a house . . . fine. You still need to know how to look for costly problems. There are hundreds of books available that discuss flipping houses for fun and profit. It sounds really exciting and it can be, if done right. The grim reality is that I have often seen the results where people, with great hopes, have bought a house, been overwhelmed by the expenses of fixing hidden defects, and were forced to sell at a huge loss or even to declare bankruptcy.

      My goal is to get you safely into a house with strong bones and at the right price, no matter whether it appears well maintained or horribly battered on the surface. It is the stuff beneath the surface that matters the most.

      CHAPTER 1

      ●

      HOW TO GAIN ADVANTAGES

      Wherein We Discuss:

      The Advantages You Will Gain

      The Costs of Mistakes

      Learning How to Look at a House

      ●

      The Advantages You Will Gain

      Yes, buying a home is serious stuff. The banks and the sellers don’t give you any take-backs or rewinds. If you buy it, you’re stuck with it and all the consequences that come with it. Only in cases where the seller has committed provable fraud will you have any recourse at all, and then only at a great cost in time and money. So, let’s get it right the first time. I will help you do that.

      There are 3 Ways You Can Save Thousands of Dollars—To gain maximum advantage in buying a house; 1) you need to get the house for a great price, 2) you have to make sure it has no hidden and costly defects and 3) you have to buy at the opportune moment.

      I have bought more than a few houses in my life. Some I bought to live in, some were bought to be fixed up and sold, and some I fixed up and kept as rental houses. Of the many I’ve purchased, only two houses were not serious fixer-uppers. All the rest required serious

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