Buying Your First Home
By Ilona Bray
Nolo’s Essential Guide to Buying Your First Home. Nolo, 2020.
Summary of Buying Your First Home book by Ilona Bray
A detailed and practical guide for first time home buyers in the United States, covering every aspect of purchasing a house, from choosing a neighborhood to applying for finance, making an offer, and attending closing.
Chapters in Buying Your First Home book summary
What do you get from this book? Explanations of every element of the homebuying process
The benefits of owning a home outweigh renting—all you need is the knowledge to purchase successfully
Understanding your financial situation will help you get preapproved for a loan
To choose the right home loan, explore your range of options
Get to know the local housing market before you become a serious homebuyer
Enlist a team of professionals to help with every stage of the homebuying process
Short sales, foreclosures, and properties for sale by owner may provide the right home for the right price for you
You’ve found the perfect house, so make an offer and start negotiating your way toward a purchase agreement
There’s a lot that needs to be done before closing, including professional property inspections
Protect your new investment with appropriate levels of hazard and liability insurance
You’ve reached the end of the line—time to close the deal and settle into your new home
Summary of the key insights
Selected critiques in brief
Final word
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Buying Your First Home — Book Summary Snapshot
Who should read Buying Your First Home book
- House buyers
- property investors
- anyone interested in real estate
About the author of Buying Your First Home
Ilona Bray
Ilona Bray, Alayna Schroeder, and Marcia Stewart are part of the team at Nolo and have contributed to several other real estate guides. With extensive legal, editorial, and real estate experience, the authors’ combined knowledge allows them to create practical guides to assist with various aspects of real estate.
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