Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home For the Lowest Possible Price - Softcover

Leitman Bailey, Adam

Softcover

ISBN 10: 0470943661 ISBN 13: 9780470943663

Publisher: Wiley, 2011

Synopsis

#1 on the New York Times Bestsellers List!
Winner of the National Association of Real Estate Editors's 'Best First Time Author' Award!
USA TODAY Best-Selling Books Top 150 List!
#3 on Amazon's Best Sellers in Real Estate.
Consistently remains in the top 100 best selling home buying books since its release.

Our recent economic meltdown transformed real estate from a popular investment to financial kryptonite. Too many people purchased homes with mortgages they simply could never afford. The good news: great deals are out there for the taking.

Finding the Uncommon Deal gives you the secrets to discovering and successfully negotiating the lowest prices for the most prized properties available. You'll get the expert advice you need to navigate this changing real estate world.

• Discover how to go beyond Internet listings to get on-the-ground intelligence on the best deals
• Get proven negotiating skills to close the deal at a rock-bottom price
• Learn how to buy properties heading to foreclosure before the gavel hits, for rock bottom prices!

If you're successful enough to afford a home, then you probably have the skills needed to get a great deal in today's market. Finding the Uncommon Deal gives you the keys to leverage your skills for success and savings, opening the door to today's best properties and lowest prices.

For more information please visit findingtheuncommondeal.com.

About this title

From the Inside Flap

I had been living in a rental apartment on 34th Street in NewYork for over a year when my landlord mentioned she was interested in sellingand asked if I would be interested in buying. I loved my apartment, so I knewthis was a great opportunity for me to step into the realm of ownership, whilereducing my monthly costs at the same time. I was 32 years old, had never ownedproperty before, and as excited as I was about the prospect, I was terrifiedabout it too. That was when a dear friend of mine mentioned Adam Bailey's namesomeone I should speak to about the deal. Best move I ever made!
Now in hindsight, it was a rather simple deal; although it's fairto say that your average transaction outside New York City could never compareto the complications involved with buying a NYC co-op. This was also a periodof time when banks made things extremely easy on the lender--something we maynever see again--in my lifetime anyway. But what I got from Adam then, and whatI continue to receive a decade later, is a boiled-down, layman's education inhow it all works.
Adam is a natural-born teacher, and he genuinely thrives onhelping people do what he sincerely and passionately loves doing himself:buying real estate--a passion that I joke with him about as being evident in thespeed with which he talks. If you ever have the privilege of hearing him speak,you'll know what I mean when you come away extremely inspired, somewhatexhausted, and very much in love with real estate, whether you planned to be ornot. His written word, as you'll find here, has a similar effect--minus theexhaustion.
Flash-forward 10 years, and I am now a real estate investor withproperties in upstate New York, New Orleans, Nashville, and yes, I still havethat little co-op on 34th Street. I'd like to think that I'm one of the clientsAdam refers to as an inspiration for writing this book. In fact, the chaptersof Finding the Uncommon Deal eerily read like answers to the various,and seemingly random, questions I've peppered him with over the years. As itturns out, there was nothing random about my questions after all. It's justthat the intricacies of any one real estate purchase can be so extremely vastthat the parts don't always seem to connect at first. Furthermore, most buyersnever have the same experience as their friends, families, or neighbors, and noone property buying experience is ever the same as the last one.
One thing that I believe this book does exceptionally well is topaint a picture of the real estate purchasing puzzle in a linear fashion sothat the pieces always make sense in context, even if you encounter them wayout of order as I frequently have. Adam does this by walking you through thesteps from the beginning to the middle and all the way through closing aproperty purchase of any kind.
When I decided to become a professional investor five years ago(a move I felt necessary to offset the inherent instability of a career inentertainment), I began filling my personal library with books that covered thespecific areas of real estate I was interested in, and my library as a resultis huge, with more than 30 books directly related to buying real estate. WhileI have found each one invaluable in its own way, what they all add up to asindividual resources can be found boiled down in these pages, written in easyto understand terms. The more complicated concepts are illustrated throughAdam's real life stories, many of which I can relate to directly myself, andthe lessons learned are summarized in easy to reference "Insider Tips" at theend of the chapters.
Is it a one-stop shop for a professional real estate investor?No. It wasn't meant to be. A book of that sort would likely be 10,000 pageslong or more. What Finding the Uncommon Deal is, however, lies right inthe title; it's what you must know before buying a home . . . period.
I highly recommend reading this book at any stage of your realestate experience. Go forth with home buying confidence, knowing you have whatI believe to be the most comprehensive home buying resource, written by one ofthe most respected and knowledgeable real estate attorneys, investors,educators, and mentors in the country.
--Evan Farmer
About Evan Farmer
Evan Farmer was host,carpenter, and handyman of The Learning Channel's Emmy-nominated series, WhileYou Were Out, and host and designer for HGTV's Freestyle. Evan first reachedstardom performing as part of the MTV hit boy band 2GE1HER. He currently ownsand co-owns five investment properties in three states and in 2003 he co-foundedRenovolution, a company whose mission is to provide affordable housing tostruggling families in New Orleans. You can find more information about Evan atevanfarmer.net.

From the Back Cover

Real estate deals are like worms: to find the choice ones, you'll have to do some digging. In today's tumultuous market, buyers who are willing to dig deep can now find some of the best opportunities in history. In Finding the Uncommon Deal, you'll get the expert advice you need to navigate this changing real estate world. You'll learn how to maximize your buying and borrowing power, gather on-the-ground intelligence on great deals, and negotiate for rock-bottom prices.

"Finding the Uncommon Deal tells you what you must know before buying a home . . . period. I highly recommend reading this book at any stage of your real estate experience. This is the most comprehensive home-buying resource written by one of the most respected and knowledgeable real estate attorneys, investors, educators, and mentors in the country!"
—Evan Farmer, host of home-makeover and real estate show While You Were Out

"This shoud become an essential guide for homebuyers. It combines a real estate lawyer's insider expertise with easy-to-follow directions for everyday house-hunting and home-buying. For good measure, Adam Leitman Bailey sprinkles in anecdotal lessons and common sense financial advice from his personal experiences. Don't leave home or move to a new one without this book."
—Leonard Downie, former executive editor, The Washington Post

Includes an Online Guide to Laws & Practices in All 50 States

About this edition

• Publisher: Wiley
• Publication date: 2011
• ISBN 10: 0470943661
• ISBN 13: 9780470943663
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 256