When it comes to understanding the factors that come into
play when buying or selling home— or any practical real estate information at
all—Metairie high school (or even college) graduates are on their own. If any
real estate information has even been touched upon, it will have been in the
most cursory manner: at best, one line item in a Home Economics budgeting
discussion.
That’s one reason why everyone from first time Metairie
homebuyers to itinerant real estate investors can benefit from the best of today’s
how-to real estate books. Here are some of the popular oldies—as well as some
valuable newcomers:
100 Questions Every First Time Home Buyer Should Ask
is Ilyce Glink’s compilation of insights from top brokers across the
country. Town first time buyers aren’t the only readers who will find this general
reference valuable— Metairie home sellers who want insight into the concerns of
potential buyers will find it a useful resource. The “100 Questions” don’t address
every Metairie real estate information topic; but on the whole, this book is
concise and informative.
Solid, practical information for homeowners readying their
property for the Metairie market can be found in Rhoney and Richard’s Smart Essentials for Selling Your Home. In
the same way that 100 Questions book
is also useful to sellers, this one would make excellent reading for prospective
home buyers who recognize the importance of understanding sellers’ priorities. Smart Essentials is mercifully short:
just 92 pages!
For more seasoned readers who might be considering an Metairie
residential investment, the bookshelves have plenty to offer:
The second edition of Gallinelli’s What Every Real Estate Investor
Needs to Know about Cashflow has been around for a while, but comes
highly recommended for its textbook-level explanation of how economists digest
real estate information for investment purposes. The formulas are all there, as
well as examples that demonstrate how to apply them. Reading it won’t encourage
prudent Metairie non-CPAs to do their own business tax returns—but will
acquaint them with valuable foreknowledge on how their tax advisor approaches
maximizing their refund. Its description of four different ways to make money
from real estate can be eye-opening.
J. Scotts’ The Book on Flipping Houses (how to buy, rehab, and resell residential
properties) is a roadmap from start to finish on how to go about a
lucrative house flip. There are many books on the subject, but this one is the
leader of the pack. First published in paperback in 2013, it’s been a real
estate information best seller ever since. Part of its wide appeal is the
author’s (he’s a veteran flipper) candid step-by-step descriptions of how he executes
his own projects. The author’s other book (with co-author Brandon Turner) is:
The Book on Estimating Rehabs. This
is a book Metairie real estate information-seekers should find well worth its
hefty paperback price tag ($22.49 on Amazon). It details a variety of different
approaches to projecting a rehab budget, including a breakdown of the 25
components that need evaluating.
Books can provide invaluable background information for real
estate newcomers and veterans alike. Another essential is the assistance of a
knowledgeable agent: good reason to give me a call!
Want to know your homes value? Click here: Smart Home Price
Terez B. Harris
Keller Williams Realty New Orleans
504 975 1033
TerezHarris@KW.com
TerezSellsNolaHomes.com
8601 Leake Ave., New Orleans, La 70118
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