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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them)
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The 106 Common Mistakes Homebuyers Make (and How to Avoid Them)

3.14  ·  Rating details ·  57 Ratings  ·  10 Reviews
Everything the first-time buyer needs to know to avoid the 106 most common mistakes in purchasing a home or condo.

Written especially for first-timers, this eye-opening guide turns you into an educated consumer, ensuring that the home or condo you buy is both a comfortable place to live and an investment that appreciates in value. Compiled from the experience of hundreds o
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Paperback, 320 pages
Published January 18th 2002 by John Wiley & Sons (first published March 1994)
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Robert Beveridge
Jan 20, 2008 rated it really liked it
Shelves: finished
Gary Eldred, The 106 Common Mistakes Home Buyers Make (Wiley, 2002)

Reading this on the heels of Ilyce Glink's book may not have been a good idea, or it may have been a great one. I'm not sure yet. The two mostly cover the same ground, though Eldred never even brings up the possibility of buying a home without a realtor (Glink glosses over it), and Eldred does get into a little more detail about a few things. He also has a more cynical attitude towards the subject than Glink, but then looking at
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Greg
Jan 23, 2012 rated it it was ok  ·  review of another edition
Laughably outdated, it nevertheless contains many pearls of wisdom where it avoids topics like appreciation, economics, and speculation. One cringes each time the author admonishes his reader to ignore yet another flurry of media panic about an impending housing collapse. The book was published in 2005. Oops.

Still, negotiating advice, real-life travails of buyers, and sound logic regarding the financial implications of continued renting versus mediocre home-buying make this book worth a skim. Tr
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Caroline
Dec 09, 2009 rated it it was amazing  ·  review of another edition
I hate "How To" books that forget to tell you "how to." This is a user-friendly collection of advice and real life stories of "how to" and, more importantly, "how not to." It's topics cover everything from why buying is better than renting, to tips for writing purchase offers. The appendix lists lots of helpful internet resources. But I think you must read it twice (and take notes!) to make sure you didn't miss a juicy tidbit.
Scott
Jan 01, 2012 rated it did not like it  ·  review of another edition
Very outdated. Even with that in mind, the advice seems to benefit only the Realtor. "Borrow more than you can afford, because you will increase income every year." If you still have a job. Just a few of the poorer suggestions include: over-borrowing, going for adjustable rates, and no-money down payments. There seems to be no end to the bad choices perpetuated in this book.
Ellen C
Mar 09, 2010 rated it did not like it  ·  review of another edition
Housing Crisis meet your maker. I couldn't take any of the advice seriously after I read that he recommended an adjustable rate mortgage, even if you couldn't afford for it to go up, and that we should all borrow more than we can afford and depend on our incomes going up. I need a book written for todays housing market. Things are considerably different now days.
Jay
Apr 08, 2007 rated it liked it
Recommends it for: Someone interested in not making mistakes
The bookmark is placed at mistake 6 so this may be a partial read for me. I do feel I made no mistakes when buying this house.
Jennifer Payne
The 106 Common Mistakes Homebuyers Make (& How to Avoid Them), 2nd Edition by Gary W. Eldred (1998)
Tony Canas
Was instrumental in giving me a good idea of how to look at houses and not screw up our home purchase. It worked out great for us.
Ryan Broedlin
Just ok. Outdated a bit now but definitely taught me some things I would not have otherwise thought of.
Amanda
Aug 13, 2009 rated it really liked it  ·  review of another edition
Recommends it for: real estate newbies
Excellent resource.
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