Book Description
MAKE MONEY IN SHORT-SALE FORECLOSURES
Foreclosures are the most profitable way to invest in real estate. But most real estate books on foreclosures don't tell you how to invest in short-sale foreclosures—properties with even more profit potential than regular foreclosures. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed. This comprehensive new guide from renowned real estate authors Chantal and Bill Carey covers all the ins and outs of short-sale foreclosure investing, from finding properties to negotiating with lenders, to closing the deal and making a bundle. Inside you'll find all the information you need to succeed:
- Finding great short-sale foreclosure deals
- Dealing with owners in financial distress
- When to buy short-sale foreclosures
- Creating equity in foreclosure properties
- Writing successful short-sale offers
- FHA, VA, and private mortgage insurance short-sales
- Purchasing short-sale properties at auction
- Understanding escrow, closing, and title insurance
- Flipping short-sale properties
Customer Reviews:
Slightly helpful - Maybe.......2007-01-27
The book has a couple good points, and is probably benefical to a novice pre-foreclosure investor, but is not worth the time or money of any pre-foreclosure investor thats ever closed a deal before. Most of the examples in the book 'window dressed' profits on deals by not listing all expenses involved.
Solid information.......2007-01-16
I found this book pretty good.... It definitely spelled out all the details of short sales.... I think for property investors trying to understand exactly what is involved with short sale purchases this book is perfect. The book was written at a level that I enjoyed....not overly complicated.
Review.......2006-08-13
I was extemely disappointed in this book. In the title ........How to Bypass Owners and Buy Directly from Lenders....Yet on page 93 you learn that this is NOT possible as you must have the owners permission prior to ever contacting their lender. I found the title misleading as to the content.
One of my top three real estate investing books.......2006-05-21
This book will help you accurately determine the market value of a property. Looking back, I can take Bill and Chantal's way to determine this and realize my mistakes. There were times I had properties in my hand but was too low on my market value comps. Also what I learned from this book was when to know it is a property for a short sale (less than 15% equity) and when it is not. Did you know that 95% of investors out there, according to Bill and Chantal, will walk away and not bother with short sales? This book outlines the steps to follow the process of negotiating a short sale and have it come out in your favor. Very good read!!! It is hot off the press.
Book Description
Have you ever wanted to sell your own home? Jennifer Wake is banking $45,000 from selling her home solo. This nurse by night, For Sale By Owner by day, says, "It really paid off."
The For Sale by Owner Handbook guides you step-by-step through the home-selling process. It gives you inside real estate trade secrets to sell your home like a pro.
A team of national leading experts-pros from: "Trading Spaces", Oprah Winfrey's magazine, Better Homes & Gardens, Country Living, House Beautiful, "This Old House", Yale University, University of California-Berkeley, New York University, American University, and the Fannie Mae Foundation (just to name a few!)—take you by the hand and teach you how to:
• Sell your home for the best price
• Make your home irresistible to buyers
• Negotiate contracts with ease (sample real estate contracts included)
• Hassle-free closing
• How to make sure buyers are financially qualified to buy your home
• How to get your home listed on the MLS (Multiple Listing Service)
• And every single step along the way
In addition, there are numerous interviews with national experts, including:
• Real estate agents - successful home-selling tactics
• Attorneys -- provide legal advice and contract tips
• Interior designers -- to make your home look more spacious
• Home inspectors -- What you want to see, what you don't want to know (see the sample inspection report)
• Appraisers, mortgage lenders, title insurance pros, home warranty experts, termite inspectors, and more.
Customer Reviews:
Conflicting information; incomplete; poor grammar -- very bad!.......2007-09-27
This book appears to have been thrown together quickly in order to satisfy a market niche. First and foremost, it is lacking in detail. There's no way you can take what you "learn" in this book and then immediately sell your home FSBO. You need a lot more information on closing, home inspection, and numerous other issues on which this book barely touches. Furthermore, the formatting of the book, which highlights the opinions of "experts," is often contradictory without any insight into or explanation of the contrary opinions. Rather, mutually exclusive opinions (and facts!) are presented side-by-side. Finally, there are tons of typos and grammatical errors in this book -- which is predominantly fluff, any way. The type face is large and the book is thin. Although there isn't a lot of material to be found on selling FSBO (for obvious reasons), would-be FSBO sellers would be smart to continue their searches rather than stopping here.
Maybe in the right market..........2007-09-23
With all due respect to the results the other reviewers may have gotten, I and my wife can say with certainty that this book, or the other FSBO book we bought, would not have gotten us through the kind of sale we faced in the turbulent California market at the end of 2007. The book had some very practical tips on prepping the house prior to sale, but would have provided little guidance in dealing with the kind of realtor & buyers that we consistently had to deal with, and who ultimately made the only decent offer on our place, but who ultimately strung us out (missing the escrow date in the disintegrating lending market), and tried to worm all kinds of preposterous conditions and discounts from us. We fell back on our very experienced realtor who knew exactly how to deal with such people and situations. I wouldn't not recommend this, or any other FSBO book (though the boiler-plate contracts in the other book were ultimately worthless), but BE PREPARED to have a GOOD realtor on your side should things go wrong. An green seller would not have the perspective to deal with sharky buyers and realtor-lender teams. Be warned.
Better than FSBO Kit (Irwin).......2007-05-31
I bought this book and the FSBO Kit book by Irwin, and this one is far superior! This book is concise and packs more useful information, especially once you've found a buyer. The other has much less on negotiating, writing contracts, the steps leading to closing, who pays for what, estimates for repairs post-inspection, and tips for packing. I'd describe the Irwin book as more of a pep-talk, but it did give me the confidence to do it myself.
Worth the money.......2007-01-14
The best one - it was very helpful in getting me through the fine details. Well worth the money.
Best Book.......2006-05-25
I went to the library and got several books on FSBO and this one was the best. Several books I had from the library were not true FBSO books for they only had one chapter talking about it. This handbook was not like that. With it recieved my full asking price and was able to understand confusing jardon and rules in selling the house. Most importantly, I felt secure at every step of the selling process that i was not getting ripped off and everything was fair.
Book Description
Going the ""for sale by owner,"" or FSBO, route can save homeowners an average of $10,000 in real estate commissions.
The numbers are staggering: in 2002, 1.68 million people attempted to sell their homes ""by owner,"" and a whopping 2.25 million are projected to do so in 2005. This will side-step real estate agents, allowing sellers to pocket more profits. Online FSBO options also are accelerating: In 2003, an astonishing 840,000 ""FSBOs"" used online listing services.
For years, the For Sale By Owner Kit has been a must-have resource, filled with essential checklists, sales forms, and sample ads designed to simplify the entire home selling process. Included in this new edition are revisions to chapters on:
* ""Staging"" a home to maximize its appeal.
* Pricing a home for quick sale.
* Managing all the necessary, but complicated, paperwork.
* Writing an air-tight, carefully worded sales agreement.
* Hiring fee-for-service agents.
Several entirely new chapters discuss handling disclosures and inspections fairly and honestly; getting full-service agents to work with you; and, most important, a detailed discussion on online home listings.
To maximize the value of The For Sale By Owner Kit, the new edition includes the following services from Owners.com, the largest online FSBO service:
* A Web page on Owners.com that readers can customize for their own property with photos and detailed description.
* A private e-mail box to use for online respondents.
* An answering service that can be used strictly for property inquiries.
* Hit list statistics to see how often the listing has been viewed.
* Buyer preapproval cards from E-Trade Mortgage.
Customer Reviews:
More conversational than helpful.......2007-05-31
This book talks you through the process and has some useful information, but spends more time on soft stuff and has very little of the info I needed, such as how to negotiate and points open for negotiation, how to write up the contracts, all the steps between the offer and closing, etc.. But, if you want a pep talk that you can do it, this is the book for you.
If you want a book that's actually useful, try the FSBO Handbook by Piper Nichole. It included stuff I never would have thought to ask about, but definitely needed to know. Written to be useful, not conversational. At each stage of the process, the FSBO Handbook gave me the info I needed.
BE VERY Carefull with the Free Listing Offer.......2006-01-27
I bought the 4th edition of this book, and this is the 5th Edition. I took advantage of the free Owners.com listing and am now regretting it 18 months later. I signed up with the Owners.com listing service this book recommended. Do not put your email address or phone number in your listing because your listing never goes away. I don't know if owners.com sold my info, or someone else copied it from the website - but the way it looks - I think it is identical to the Owners.com info and my belief is that they are the ones letting my listing be copied. But I've got a google alert for my email address - and every month, some new FSBO website is advertising my ancient listing (sold a year ago) with my personal information as a new FSBO. The companies listing it have no contact info to ask them to stop doing it. I've put in a complaint to the FTC. But I get phone calls from realtors to this day trying to convert my FSBO to a realtor listing. Here are the websites serializing my listing without my permission: http://www.fsbohouselisting.com/ http://www.changemystreet.com/ there are several others - but I didn't save the website. So be careful.
Valuable Practical Guide for Selling Your Home FSBO.......2006-01-26
I used the valuable, step-by-step, practical information in this book to sell my first house by owner, a rental house at that. Book does a great job explaining the FSBO process from start to finish, with lots of good advice on all decisions involved and troubleshooting problems along the way. I found one of the FSBO companies with a local office to be of great help with the earnest money paperwork, and free advertising on CraigsList brought in both leads that signed to buy the house. (ARG! My first buyer did not work out.)
10 out of 10.......2005-02-07
This book really is a kit. It has a coupon for a free online listing and a sign you can use in your yard. I'm selling my own home for the second time and this is a great primer and reminder of how to do it. It tells everything you need. I learned about it from a Robert Bruss column in my newspaper where he gave it a 10 out of 10 and called it the best of the "for sale by owner" books. He's right.
Very well written and thorough.......2005-01-10
This is a very well written and thorough book. Everything is hear to tell you how to sell your house - from marketing to closing. I used this book and signed up for the "internet only" option on BuyOwner. That's all I needed. I got between 1 and 5 inquires per week and sold the house within the month. I ended up saving over $14,000. Anyone who uses a realtor these days is just throwing their money out the window.
Book Description
Praise for Maverick Real Estate Investing
"A fascinating story that chronicles the wins and losses of several of the most renowned real estate investors of our time. Insightful and thought-provoking, it confirms that if you follow Bergsman's golden rules of real estate investing, the chances of being successful are substantially increased."
-Stephen B. Siegel
Chairman, Global Brokerage
CB Richard Ellis
"Steve Bergsman's profiles of some of the most successful investors of our time give an illustrative and illuminating insight into how the best in the business have consistently managed their risk . . . and raised their returns. If you want to make it in the competitive world of real estate investing, read this book!"
-Dale Anne Reiss
Global and America's Director of Real Estate, Hospitality, and Construction Services
Ernst & Young
"For the novice-and even the experienced-investor in real estate, Steve Bergsman's book contains lots of worthwhile ideas. Better still, it clearly explains how to implement them. Easy to read and insightful, it's one of the better how-to investment guides around."
-Richard Rescigno
Managing Editor
Barron's
"I have been reading Steve Bergsman's insightful real estate reporting and commentary for over a decade. He is one of the best real estate writers in America, as evidenced by his captivating analysis in Maverick Real Estate Investing, where he melds personalities and investing principles into a very good read."
-Jonathan L. Kempner
President and Chief Executive Officer
Mortgage Bankers Association
Download Description
Lessons from real estate moguls who have thrived in every market over the past 50 years
Maverick Real Estate Investing shows readers how to successfully buy and sell properties by following the examples of some of the best minds the real estate business has ever known. This comprehensive resource offers strategies from moguls such as Sam Zell, Melvin Simon, and Donald Trump, all of whom amassed huge real estate empires by dominating and outsmarting the competition. Each chapter profiles a different maverick, provides insights into their colorful careers, and reveals how readers can apply the winning strategies of these gurus to their own real estate investments.
Steve Bergsman (Mesa, AZ) is a nationally recognized financial and real estate writer. For the past 20 years he has been a contributor to many leading publications and regularly writes the "Ground Floor" real estate column in Barron's.
Customer Reviews:
Not about RE investing strategies; also not biographies of great RE investors.......2007-01-31
I am disappointed about this book. As many reviewers have pointed out, this book, unlike its subtitle suggests, is not really about strategies of RE investing. Many said this book is more like biographies of great RE investors, but I find it difficult to agree as its analysis (or, even chronicle) on each "maverick" is always skin-deep.
What this book serves to me is that it tells me "there are such successful RE investors in the world as Zell, Shorenstein, Reichmann, and if you want to know more about them, you better look for a better biography in the library (and I am not going to tell you which one is good or where you can find one.)"
Yeah, a good introductory book of sorts, but certainly not as in-depth as I wanted it to be..........2007-01-27
Author Steve Bergsman does a good job here of introducing the various players on the big property, and even bigger money scene in his first book, MAVERICK REAL ESTATE INVESTING.
For those who have not intimately studied the business affairs and strategies of Trump, Lowy, Shorenstein, Hines, Zell, Simon, et. al., this is as good a 'round-the-horn effort as it gets in getting to know each of them just a wee bit better.
My opinion? If you're anything like me, you'll blow through these chapters like a whirlwind, grabbing a nugget or two here or there. Its content will--at the end of the day--stick firmly in your mind, and you'll eventually find yourself thinking of it at the seemingly oddest times.
Better. If anything, reading MAVERICK REAL ESTATE INVESTING will doubtless instigate further curiosity, and for at least certain of the source materials Bergsman suggests in his rather meticulous follow-up notes.
If you read through from cover to cover, you'll realize there's a fair bit of continuity you can come to expect from Bergsman's style. He tends to reiterate the salient themes and terms for clarity and familiarity, though the paucity of background information--for instance, HOW did Paul Reichmann acquire that property in question?, or WHY did Fred Lowy decide to purchase that shopping mall in Connecticut?--will send you scampering back to the public library or to the megabookstore in search of a proper biography (should one exist) on that very subject.
I found myself in this particular state of thinking on at least a few times during my readthrough.
In Mr. Bergsman's defence, I suppose he was somewhat limited by what his subjects under the microscope permitted him to publish here in these short--but sweet--chapters. To be sure, I'm positive he had his hands tied when discussing the specifics of certain deals, therefore the details are a bit sketchy. As readers, we're more than a little understanding. We deftly between the lines...
I suppose in the case of books like these, you won't find everything to your liking.
Sure, novices to the real estate/property trade might enjoy the rather simplified breakdown of various terminologies and techniques--universtity course "101"-style--but will probably gain a massive amount of inspiration as a result. Others more well-versed in these areas will perhaps gravitate more towards those bite-sized quotables straight from the mouths of powerful magnates like Trump. Still others may cherry pick a few sage pointers from Bergsman's handy "summary points" ending each chapter, what you'd find in most MBA-level textbooks. It's a good review of what you've just learned. It's even a nice "skimming device" for those with less time to devote to full-on coverage. Derive insights from a particular chapter or two, then discard the rest. Who's to say?
Read it and see how it strikes you. I guarantee you won't gain all the inspirations the book's juicy title seems to suggest, but you *will* use it as a departure point.
Perhaps nothing more convincing than raw experience actually matters in the final analysis. You've got to spend the time making mistakes, going through the motions, and figuring out the optimal approaches for getting things done in your area of expertise.
Like any other industry segment, spend at least ten years practicing it until you REALLY know the ins and outs of how it functions. The book teaches more than anything that there's no better teacher than the school of hard knocks.
He who knows how to box--not fight--is the ultimate winner in the end.
All in all, a four star read. It's a title worth having on your bookshelf. Once you become successful, you'll look back fondly upon it for what it gave you, a long time ago.
--ADM in Prague
Pretty good blueprint on RE investing.......2006-02-01
This book doesn't get heavy in the real details of exactly how these deals are done. It's a little broad, but I will say that it helps any investor see how multi million dollar office building deals are made accross the country. It will outline what these tycoons and most are billionaires do in different cycles of the markets..... bottom line they buy in distress cheaply, improve net operating incomes and position these properties to generate millions of dollars in profits....... It's good info for knowing how to handle down markets, how much of an equity position to sustain, and also what it takes to put deals together with syndications..... If you want to get big in commercial real estate its worth the money and time to read it..... if you want to flip or hold a small portfolio of single family homes or apartment complexes don't waste your time with this book read the many others that are published for the smaller investor. Blake-------- bldgassets247@yahoo.com
Worth the Read.......2005-03-07
This book is apparently meant to serve as a "biography" of the real estate decisions made by a loosely-defined group of men (mostly) who made a lot of money in real estate. I doubt that--despite the subtitle--the book was meant to replace an MBA education with an emphasis on real estate. So, perhaps much of the criticism by my fellow reviewers is a bit unjustified.
The book is interesting to read in most places. However, because the author does not stick to the intended formula of examining one maverick at a time, but instead jumps from maverick to maverick, the book's flow isn't perfect. But then again, even mavericks aren't perfect! If you goal is to learn about real estate techniques, this isn't a good place to start. If you'd like to learn more about the people in real estate, this is good starting point.
Great Insight into Real Estate Investing ..........2004-12-15
Bergsman's book provides a great "behind the scenes" look at some of the biggest names in Real Estate in this country and how they succeeded (and failed) based on how they crafted their deals. While not all of us will be (or want to be) Donald Trump et al, one can't help but appreciate reading how each got started, their principles of doing business, and their unique philosophies when it comes to investing in Real Estate. I found many of their strategies very relevant - whether one invests in a single condo or large multi-unit apartment complexes. The book is easy to read, worth reading .... and full of valuable tips and insights to the world of real estate investing - large and small.
Average customer rating:
- Very informative and easy to read
- A great starting point.....
- Very, Very Useful Primer on Vacation Rentals
- Nice title, but way too basic info, too wordy (filler)
- Limited and biased
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How To Rent Vacation Properties By Owner: The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment
Christine Hrib-Karpinski
Manufacturer: Kinney Pollack Press
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ASIN: 0974824909 |
Book Description
Author and speaker Christine Hrib Karpinski takes readers through all the steps necessary to purchase and rent out a vacation home. This book contains practical, hands-on advice that shows the reader how to do it without property management companies, and keep 100 percent of the profits. It offers realistic strategies to create a situation in which renters pay the mortgage, while still allowing the owner several weeks a year in that little slice of paradise.
Customer Reviews:
Very informative and easy to read.......2007-09-11
For a person like me who is going to start in the Vacation Rental Business, this book was very helpful and informative. For someone who has experience in the business maybe will find it too elementary or too basic. For me it was a good start.
A great starting point............2007-08-28
I own 5 rental properties, 2 are vacation rentals. I bought this book with pretty high expectations. Well, even though I've been doing this for 15 years, Christine still had some new advice to share. I thought her formula was great for some areas, but in Colorado Ski country it just doesn't work.
I love how she does give a couple different points of view pertaining to financing your vacation home.
I would also preferred more depth, that a chapter on properties outside the US, and buy multiple properties. But as some reviewers have stated, it is an excellent primer.
I do think that her book on booking rentals, The Vacation Rental Organizer is a very useful organizer for the money. I intend to purchase one each year.
Very, Very Useful Primer on Vacation Rentals.......2007-08-01
I have to laugh at the previous two reviews, obviously written by the same person, an admitted student with a bone to pick with the author. Christine is the most well-known expert in the very small field of vacation rental consultants. She literally "wrote the book" to walk potential investors, vacationers, and home owners into successfully taking advantage of the blossoming vacation rental market.
This student disagrees with Christine's recommendations that owners not rent to those under 25 years old, then proceeds to show a perfect example of why owners shouldn't. He attempts to trash her reputation, rather than someone's rental property. I'm a rental owner and have the same rule, based on personal experience and the many experiences of friends and acquaintances. I imagine this student has stayed in 1 or 2 rentals and as a result is now an "expert"...much like the hotel commercials we all laugh at.
As the student says, some of the information in Christine's books is on the Internet, as is information from every book ever written. However, this new version of her "How to Rent Vacation Properties by Owner" contains everything anyone needs to know to look for, purchase, furnish, and rent a vacation home. Some of the information is common sense but much is 'insider information' from her many years as a seminar leader, training thousands of owners and being a 'by owner' property manager herself.
Take the previous reviews for what they are, feeble attempts to get even with someone that disagrees with him. If you want to learn about this industry and how to rent 'by owner' get this book and read it cover to cover and decide for yourself how valuable it really is.
Nice title, but way too basic info, too wordy (filler).......2007-07-31
I thought the title of the book was exactly what I was looking for. I had a property to rent and thought about making it a vacation rental. So, I bought the book thinking it would help point out some not-so-obvious issues about renting a vacation property. But after reading it, I was disappointed with the lack of any real advice or tips. There are a A LOT of words, but they seem to be mostly filler with only very limited and basic useful information. I would not recommend this book to anyone interested in running a real business.
Limited and biased.......2007-07-19
I purchased this book with the intention of gaining a working knowledge of vacation rentals to start a small vacation rental project in Baja California, in Mexico. This guide was not particularly helpful at all, providing only rudimentary information that was already somewhat obvious. It also relies on some dangerous business practices, fundamentally on speculating on the property that you are going to buy and trying to make significant profit that way. It seems to be very limited and unprofessional, almost hokey, in its view of vacation rentals.
I was personally offended as a student in that it explicitly recommends discriminating against students or anyone under 25 as customers.
Book Description
How to sell a home without a broker for maximum profit in minimum time
FSBOs (for sale by owners) are one of the quickest- growing methods of home sales in the business.
For Sale by Owner: A Complete Guide is the most up-to-date, comprehensive guide available to selling a home independently. It covers all the bases, arming readers with:
- Insider tips on surefire, low-cost, high-impact home improvements, guaranteed to yield maximum profits
- Step-by-step guidance on home valuation, including tips on researching the market, hiring an appraiser, and setting prices
- Inexpensive marketing and advertising techniques--with a section on marketing a home over the Internet
- Expert advice on how to select the best title company, negotiate a deal and close the sale, protect against future lawsuits, and more
Customer Reviews:
Good information, but no downloads.......2007-02-16
Although the information in this book is very helpful, the #1 reason why I purchased it was because it said that you could download all the legal forms needed to do a FSBO from their website. However, when I went to the website listed in the book, the forms were not there. I tried emailing them at the address listed on their site, but the message was undeliverable.
DO NOT BUY THIS BOOK IF YOU WANT TO USE IT TO DOWNLOAD THE FREE LEGAL DOCUMENTS!
Book Description
The reference book on selling your own home and saving thousands by avoiding commission fees. This book teaches you how to price the property, show it, and close the deal using a simple step-by-step approach.
Customer Reviews:
Sold Our Own Home in 10 Days.......2007-02-11
Followed the tips for preparing our home, setting a price, advertising, and making appointments with prospective buyers. The sign went in the yard on a Wednesday and 10 days later we had a signed purchase/sale agreement. The book is very encouraging and right on the money. A nice home at the right price pretty much sells itself. There's no magic to it, but the process only works if you have the time and sense to apply the steps in the book. If you're too busy, too lazy, or too confused, then get yourself an agent and give them a big chunk of your hard-earned equity.
Best book on selling by owner.......2005-10-11
I noticed that the only negative reviews on this book are from REALTORS. Of course, they haven't read the book they only want to discourage people from selling by owner, saving money and cutting them out of the deal. Realtors think that they are entitled to a commission, they should think again.
It's easy to see who the realtors are here writing 'reviews'.
The people who sell their own homes by following the advice in this book are the right and true reviewers.
I highly recommend this book, and it's unique information to anyone who is thinking of selling their own home...it will save you a fortune in outrageous real estate commissions and save you time and effort!
If you have sold a house or bought one forget this book!.......2004-12-01
I was really looking forward to this read - however greatly unsatisfied when I finished (within an hour). Most of what is inside would be common sense for anyone who has sold or bought a house in the past using a good agent. This is not to say that I like using an agent - I don't and won't. What I do mean is that if you have had past experience with this kind of transaction and had a good agent that walks you through the process than you have already covered much of the content of this book- like home inspections and appraisals and oh ya duh get a good lawyer. Save your money for the lawyer and your ads!
Beware.......2004-06-09
Do not believe this book. Hiring a realtor is the BEST way to sell your house. I tried to use this book and lost thousands of dollars and ended up hiring a realtor anyways. The keys to selling a house are advertising and having a way for buyers and their realtors to see your house at all times of the day. This book does NOT provide adequate information on this, and you do need a realtor for the advertising and access to your house for showing.
Be aware of the pitfalls.......2004-03-31
This book is readable and nicely planned out, but it may oversimplify selling by owner. It reads like a Tony Robbins/Up With People/Judy Garland-Mickey Rooney let's-put-on-a-show MGM musical. I wanted an MLS listing to help with advertising but the flat fee listers don't do it in every state. This book makes it sound like there are many advertising avenues available to FSBO listings (without being very specific), but I couldn't find any in my state, and the Internet listings aren't much good in areas where many people don't have computers. (Yes, there are such places even in 2004.) Plus, the FSBO sites I found were connected with flat fee listers, so prospective buyers aren't necessarily going to find them. I had to give up and list with a realtor. If you want the book for general information and/or you live in a state with a hot real estate market, it isn't bad, but don't expect selling to be as easy as the book makes it sound.
Book Description
This tax guide provides tips for taking full advantage of a law that creates an unusual opportunity to amass a substantial amount of money over a lifetime. Provided they have lived in a home for more than two years, homeowners can avail themselves of the "Exclusion of Gain from Sale of Principal Residence," which allows them to exclude from capital gain taxes up to $500,000 from the sale of a home. Important regulations related to the law are discussed, including married persons rules, strategies for claiming exclusions, and the effect of divorce on exclusions. Detailed accounts of new IRS regulations are also addressed.
Book Description
A comprehensive guide to protecting--and increasing-- home investment value
The latest in the hugely popular Tips and Traps series, Tips and Traps for New Home Owners contains all the information you need to move in, financially operate, and successfully maintain your first home.
From financial record keeping and obtaining insurance to surviving the move-in and ensuring home value, real estate expert Robert Irwin provides practical, real-world advice that:
- Shows ways to maximize investment expenditures, including minimizing taxes, timing refinancing, and more
- Outlines ways to avoid home ownership pratfalls, from a thorough premove checklist to an annual maintenance schedule
- Offers expert guidance in home improvement and modernizing for every part of the house
- Explains how to evaluate a home's current value and future price
Download Description
A comprehensive guide to protecting--and increasing-- home investment value
The latest in the hugely popular Tips and Traps series, Tips and Traps for New Home Owners contains all the information you need to move in, financially operate, and successfully maintain your first home.
From financial record keeping and obtaining insurance to surviving the move-in and ensuring home value, real estate expert Robert Irwin provides practical, real-world advice that:
- Shows ways to maximize investment expenditures, including minimizing taxes, timing refinancing, and more
- Outlines ways to avoid home ownership pratfalls, from a thorough premove checklist to an annual maintenance schedule
- Offers expert guidance in home improvement and modernizing for every part of the house
- Explains how to evaluate a homes current value and future price
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- Prefabulous: The House of Your Dreams Delivered Fresh from the Factory
Books Index
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