Understand today′s home buying market and make the best deal with this updated and expanded bestselling guideWant to buy a house, but concerned about the market? Have no fear this trusted guide arms you with Eric Tyson and Ray Brown′s time–tested advice and updated strategies for buying a home in current market conditions. You′ll discover how to find the right property, make smart financial decisions, and understand the latest lending requirements and tax implications. New to this edition expanded coverage helps home buyers make sense of short sales and foreclosures, navigate new lending requirements, and get the most home for your budget To buy or not to buy? weigh the advantages of owning versus renting, get your finances in order, and know how much home you can safely afford Handle financing understand the financial aspects of home buying; learn about the different types of mortgages and the paperwork involved Play the real estate game assemble an all–star real estate team, make the most of the Internet′s real estate resources, and find the right location and property Let′s make a deal negotiate with finesse, make successful offers, and inspect and insure your new home The Bonus CD includesHome buying forms; market analysis and comparable value worksheets; budget, tax, and mortgage calculators, checklists for selecting a real estate agent and home inspectionsSee Appendix E for details and complete system requirements.Open the book and find: Reasons why home prices rise and fall Hands–on instruction for buying a home in up or down markets How to pay the price you want The best mortgage options A sample home–buying contract Pros and cons of comparable market analysis Tips for overcoming mortgage and appraisal problems How to cope with buyer′s remorse The best real estate websites Learn to: Find the right home in today′s market Negotiate your best deal and obtain a mortgage Improve your credit score Work with tools, forms, and documents on the accompanying CDBiographie de l'auteurEric Tyson, MBA, is a financial counselor and the author of bestselling For Dummies books on personal finance, investing, and real estate investing. Ray Brown wrote a syndicated real estate column, hosted a call–in radio show about real estate for 16 years, and has been a real estate professional nearly four decades.