How to Buy a House in California
by Ralph E. Warner, Ira Serkes, George Devine
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Book Summary Information
Author: George Devine, Ira Serkes, Ralph E. WarnerEditor: Ilona M. Bray
Editor: Alayna Schroeder
Edition: Paperback
Published: 2007-03-30
ISBN: 1413304036
Number of pages: 413
Publisher: NOLO
Book Reviews of How to Buy a House in California
Book Review: Agree with the other opinions
Summary: 5 Stars
I won't waste your time with repeating the same things everyone else has said. This is the best book for first-time home buying in SoCal; you won't lose money or time with this book. Gratuitous advice if you are buying in SoCal for the first time:
1. Things are done a little differently out here, so DO NOT listen to people from other states regarding need for a lawyer on every purchase; the escrow agency takes care of most of those details unless a problem arises. Just follow the book...it will guide you well.
2. If the home inspection report mentions a horizontal furnace related to Consolidated Inc. in the past, DO have your furnace inspected even if the serial number does not show a recalled NOx rod (see your home inspector, or a CA home inspection manual)...the Consolidated/Premier furnace that came with my place needed to be replaced despite not being on the recall list because of a fire hazard (eep!).
3. It's also handy to have a home inspection manual anyway so that any repairs you perform as a DIY'er won't cause problems down the road on resale, if needed.
Summary of How to Buy a House in California
The most complete guide to buying a home in the Golden StateA thorough, practical guide to every aspect of buying a house, How to Buy a House in California will help you make informed decisions that can save you thousands of dollars. With this bestseller in hand, you'll learn how to:
The 11th edition is completely updated and provides an easy method for calculating how much house you can afford. Plus, you'll find the current rules for government-assisted loans and the latest resources.
List of Forms:
Ideal House Profile
House Priorities Worksheet
House Comparison Worksheet
Family Financial Statement
Directions for Completing the Family Financial Statement
"The most complete guide to buying a home in the Golden State. A thorough, practical guide to every aspect of buying a house, How to Buy a House in California will help you make informed decisions that can save you thousands of dollars. With this bestseller in hand, you'll learn how to: choose a house and neighborhood find the right agent get the most up-to-date information on mortgage options and rates take advantage of creative financing strategies - from seller financing to government loans figure out how much down payment you can afford make an offer and negotiate with confidence for the best price buy a new house in a development inspect a house for physical problems and environmental hazards juggle buying and selling houses simultaneously successfully go through escrow The 10th edition, completely updated, explains how to use the latest mortgage financing options - such as no-interest loans - without getting burned. It also covers how to research a home's insurance history, deal with problems with newly built homes, and to what extent a buyer can trust inspection reports provided by a seller. Home buyers beyond California: Even though this book provides state-specific forms and information for Californians, most of the material in it can help home buyers in the other 49 states as well. Don't buy a house without it! List of Forms Describing Your Dream House Ideal House Profile House Priorities Worksheet House Comparison Worksheet How Much House Can You Afford? Family Financial Statement Monthly Carrying Costs Worksheet Mortgage Rates and Terms Table Presenting Your Offer and Negotiating Contract to Purchase Real Property Extension of Offer to Purchase Real Property Counteroffer [Counter Counteroffer] Revocation of Offer to Purchase Real Property Escrow, Contingencies and Insurance Extending Time to Meet Contingencies Contingency Release Release of Real Estate Purchase Contract "
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