Stop Renting, Start Buying

8 Steps to Buying A Home After the Housing Crisis

Non-Fiction - Business/Finance
70 Pages
Reviewed on 08/26/2015
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    Book Review

Reviewed by Jack Magnus for Readers' Favorite

Stop Renting, Start Buying: 8 Steps to Buying a Home After the Housing Crisis is a non-fiction business/finance work written by Tonya Brown. Brown wants renters to consider whether becoming home owners can improve both their daily lives and their fortunes. While acknowledging the hesitant mindset many renters have in the wake of the housing crisis, she still offers a number of reasons why home ownership can be a boon for renters, including the tax savings and the retirement equity that builds up in a house. Many houses go up in value over a few years. She does caution against going out and starting to look for homes until you get pre-approved or at least have a good grasp of what you can afford to pay, have good control over your financial history, and know whether your FICO scores are currently acceptable for the type of mortgage you have in mind. Once those details are ironed out, you’ll want to follow her guidelines for finding a great real estate agent and start hunting.

Tonya Brown’s non-fiction business/finance work, Stop Renting, Start Buying: 8 Steps to Buying a Home After the Housing Crisis, is chock-full of information that will help prospective home owners approach this major financial purchase armed with knowledge and prepared for just about any eventuality. I marveled at the thoroughness and almost encyclopedic amount of detail that the author includes in this well-presented text. While this is a relatively short work, don’t be fooled by the brevity into thinking that your questions and concerns will not be addressed. Brown’s got it all covered; she even includes a checklist entitled The 83 Types of Turbulence or things that can go wrong after you’ve found the house and are waiting for the closing to occur. Stop Renting, Start Buying: 8 Steps to Buying a Home After the Housing Crisis should be on every prospective home buyer’s ‘must-buy’ list; it’s that good.

Julie Hodgson

Stop Renting, Start Buying: 8 Steps to Buying A Home After the Housing Crisis by Tonya Brown is a very practical guide to buying your home, whether it be your first one or a subsequent one. She outlines the pros and cons of buying, explains in great detail the "how's and why's" of deposit for the house, or not. The legalities of buying are explained, and also the fact that renting is not as financially stable as owning your home. The feeling of wellness, fulfilment and achievement is paramount when owning your home. Tonya Brown gives you an excellent step by step guide to buying a home.

That's just the beginning. Mortgage lenders require a minimum credit score. The average required is 620, the higher the rate, the better the credit score. So doing your homework and finding the best lender is vital. It's advisable to shop around for the best deal. There are so many types of lenders, and so many types of people that want to borrow for a mortgage. Also, a house is one of the most expensive things we will ever buy in our lives, but we do not take the time to get a good agent. Stop Renting, Start Buying: 8 Steps to Buying A Home After the Housing Crisis by Tonya Brown gives you all the advice and information you could ever want.

This is a very well researched and written book. This book includes a plethora of good tips, information, and advice regarding house buying, the market, and how one deals with related issues - such as choosing the correct finance, property dealership, and making sure you have a trustworthy and experienced agent at hand. A step by step guide to the ins and outs of buying your home, this is a must for every new or even seasoned buyer. Some books we need to use as a reference book often and have on our coffee table - this is one of those books. Well worth the read.

Mamta Madhavan

Stop Renting, Start Buying: 8 Steps to Buying A Home After the Housing Crisis by Tonya Brown is a useful guide to all those readers who are planning to become homeowners. Buying a house is not an easy journey for anyone. But the step by step explanation of the home buying process given in the book is helpful in achieving one's goal. Readers will have a better idea of how to choose a proper mortgage program, what to expect while they are going through the home buying process, and also how to form a perfect partnership with the ideal real estate agent.

The book covers the topic expansively and also addresses the pros, cons, and benefits of home ownership. The author looks into all the small details about conventional loan facts, mortgage program types, mortgage lenders, mortgage brokers, and the benefits of going through a good real estate agent. The book also gives tips on what to look out for while choosing a real estate agent. The step by step process of how to go about buying a home makes this book worth reading as it can help one get started by developing a home owner mindset and then later on to the entire home buying process.

The author has put down the details in order and very methodically, making it easy for readers to comprehend and follow. This book will definitely provide all those who are planning to buy a home with knowledge to achieve their goals.