Monday, December 5, 2011

Remodeling: Buying and Updating a Foreclosure (review)

I found a new review of my house ebook online:

An eBook on Buying, Remodeling, and Real Estate

Joy V. Smith’s recently released ebook, Remodeling: Buying and Updating a Foreclosure, is creating a wave of comfort in today’s stormy market of defaults and foreclosures. And, it turns out, it’s also an unexpected shot in the arm for those pursuing a real estate license or a real estate continuing education.
Remodeling is a close-up account of how one woman and her family navigated the tricky sailing of selling a house, looking for and buying a new one, and, ultimately, completely renovating it. It sets the model for anyone who’s thinking of braving the daunting task of acquiring a foreclosed house and turning it into a home—even if the house came originally without a sink. It also points the way forward for those looking to have a career in real estate.
Here’s how the buyer did the story from one buyer’s point of view:

Our home was on the market for a few years because we weren’t in a hurry. We loved our house, but wanted to downsize from five acres to less than an acre. We dropped our price a few times and finally got a good offer, though it was less than our current asking price. However, it was for cash. This, of course, makes buying simpler because you don’t have to apply for a mortgage. On the other hand, we couldn’t afford to build, which we would have preferred. We were told that because of all the cheap homes on the market we could get a good deal. Right. Well, fortunately it didn’t take us very long to close, look, and buy; of course, once we sold, we didn’t have a lot of time to look at short sales, since that can take months! We found a house we liked, but it needed lots of work. Find out how we did it and what you should look for.

Remodeling: Buying and Updating a Foreclosure beckons to anyone coping with a remodeling project—whether you’re an ordinary house owner in Conneticut, an aspiring agent looking to get a real estate continuing education or an out-of-town broker trying to land a New York real estate license.

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