12 Steps to Homeownership: A Guide for First Time Homeowners - Softcover

Wilhoit, Mr. John

Softcover

ISBN 10: 0985002778 ISBN 13: 9780985002770

Publisher: WIN Publishing, 2017

Synopsis

John Wilhoit has done a masterful job of explaining the most important issues involving your path to home-ownership. I have known John and his work for almost 20-years now. He gives critical advice not talked about in other publications.

If you follow John’s advice, and sequence, you will enjoy home-ownership and all the benefits it offers. Read John’s book and consider it a new opportunity to gain home-ownership without having to go it alone.

For most people, home-ownership is the largest investment they will make. John helps you navigate around the mistakes that people make all too often. So many people just don’t pay enough attention to the details and this book addresses how to avoid critical mistakes.

John’s book, and the help of a good Realtor, will put you on the path to home-ownership while making home-ownership a major cornerstone in the journey to financial independence.

Richard Mendenhall 2001 President, National Association of REALTORS

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The one over-arching objective of this book is to provide sound, practical step-by-step guidance on buying your first home while avoiding as many pitfalls as possible.

12 Steps to Home-Ownership presumes your exclusive reason for purchasing a home is to live in the home.

12 Steps to Home-Ownership is for people considering home-ownership and have a willingness to become educated about the process in advance so that when the opportunity comes their learning curve is short.

The book is designed to prepare you for that moment in time when you can sign a contract for a home with confidence knowing that you’ve made a quality decision.

Home-ownership is the bedrock of building wealth. There is no buying a second home, or third, without first buying the first one, right? Of course, there is far more to the process than just picking out a home with pretty colors and a nice door front. Answering the question of where you want to live creates a queasy feeling for many people; because we know where we “want” to live, then there is where we can afford to live. Balancing these two is part of the cognitive process of buying your first home.

This book is a do-it-yourself version to home buying providing tools and guidance for asking the right questions in advance of making the home buying decision. It is a guidebook to assist in your personal journey in the decision-making process based on your inputs and assisted by team members you select to work on your behalf to come up with the best choices for you and your family. Home buying is nothing that anyone should do on their own; building your own team is a necessary step in creating a successful outcome.

The objective of this book is to draw a road map to the decision-making process for becoming a homeowner. If you can purchase a home anywhere what are some of the absolute realities a first-time homeowner should consider before buying.

Many readers will have family and friends that are homeowners. Certainly, some of your closest friends can provide some information about their own experiences. Yet, this is going to be your home. To use a simple example, who would you trust to go out and buy a car for you- sight unseen?

Buying a home is one hundred times more personal. This place will be your castle, your shelter, your home. So, while it is fine to seek input from family and friends the ultimate decision is yours- the one paying for the purchase. That said, in this book we point you towards real-life areas to contemplate. We look at the heavy lifting- the thinking that needs to take place before, during and after you begin the search process.

About this title

About the Author

John Wilhoit is a real estate professional specializing in institutional asset management and property management. John has an undergraduate Degree in Business and a Master's Degree in Urban Studies.

John Wilhoit.com is a premier online community for real estate investors, property managers and home-owners. It's a place where you can learn how to use professional market-driven investment techniques like a pro, connect with industry experts, and get the strategies and tools you need to grow and scale your real estate business to new heights.

From the Back Cover

12 Steps to Home-ownership is a road map to becoming a home-owner. The book provides sound, practical step-by-step guidance on buying your first home while avoiding as many pitfalls as possible.

This book is for people considering home-ownership that want to become educated about the process in advance so that when opportunity knocks they are ready!

Many people know where they want to live but few take the time to know if that dream is real. They are afraid to find out if the possibility of home-ownership is within reach. Remove the myth!

12 Steps to Home-ownership will help you to lay out a plan for making home-ownership a reality for you and your family.

From the Inside Flap

Excerpts from the Book
* Like many big decisions, buying a home is comprised of many small decisions rolled up into one big decision.
* About one in ten family's own a second home. That means most of us only get one. Choose wisely.
* Home-ownership is the bedrock of building wealth.
* Rents are rising. One of the reasons for becoming a homeowner is to lock in a fixed cost of housing for you and your family.
* Home-ownership is one of those areas in life requiring deliberate decision-making; there are very few accidental homeowners.
* Mortgage pay down is the one dependable wealth creator as a home-owner.
* What are the things you want close to your home that make a difference to daily life?
* Review crime statistics to gain as much information as possible about crime at and around the address of your potential purchase.
* No man, woman or potential homeowner is an island; you can't buy a home by edict or by command or wishful thinking. It takes a team.
* Home pricing is elastic and has much to do with consumer sentiment and the availability of mortgage financing.
* Buying a small apartment complex is a wonderful way to become a first-time homeowner because there are other people assisting in paying the mortgage.
* Some neighborhoods are so small that the demolition or construction of a single large building can dramatically change its demographic profile.

Edition details

• Publisher: WIN Publishing
• Publication date: 2017
• Language: English
• ISBN 10: 0985002778
• ISBN 13: 9780985002770
• Binding: Paperback
• Number of pages: 156