Book Excerpts / From Chapter 4
Getting Started - Calculating Your Buying Power
Go slow. Buying any home is a serious, quite complex process that requires careful attention to detail. It is not at all unusual for a conventional home purchase to take months. First time buyers must learn a lot, so take all the time you need to understand everything, particularly contracts. Consider your task a part-time job and don’t allow anything or anyone (especially a dealer) to rush the process. Honest dealers never hurry, and never need to. As for that gorgeous lot model you fear may be sold to someone else, keep in mind that an engineer/operator at the factory that made that model, can, starting with a few mouse clicks, order up a precise replica of that house, and an assembly line can build it in a few days. (Be suspicious of “That model has been discontinued” claims). Be especially careful not to let your understandable excitement prevent you from exercising good judgment. This is a time when you need a level head...