Annotated Bibliography
USA Today (04/26/2010)
This article in the USA Today will help in the paper buy using the statements that the people are saying about home buying for first time homebuyers. There is a great quote from one of them saying, “I tell people there are no stupid questions. Ask anything you don’t understand”. Also the steps they point out for people to take when they are interested in buying a home. This source breaks it down into simple steps and some of the other sources go into more depth on the subject. The suggestions throughout the article will help in writing of this paper.
Bray, Ilona, Schroeder, Alayna & Stewart, Marcia “Nolo’s Essential Guide to Buying Your First Home.”
This book has all the information I was looking for in this research paper. It has the perfect flow to it discussing the different options for first time homebuyers. Talking over reasons it is good to own a home, along with the steps of buying a home. There are several parts of this book that I will use in the research paper. All the different resources available for people in both websites and forms that the book provides. The book also does good job talking over all the different loan options available and points out the pros and cons of each type of loans available. Something else that I was thinking of using is when talking over the home inspectors portion of my paper all the hints that the book provided for finding a good inspector. Along with the details on the forms that this book provided. Another resource this book will provide is steps of building your team of professionals when buying a home.
Anderson, Thomas M. “Home Buying for Begginers.”
Kiplinger’s Personal Finance May 2010 Vol. 64 issues 5, p78-79
The article started off useless for my paper. There is a part in the first half for a resource of a website that an agent used to narrow down search for homes. The second part of the article Clinch the Deal was of more help with both steps before you make an offer, and then the contingencies that you should have when you buy a home. I plan to use the saying you can negotiate almost anything in my paper with some areas the author points out could be negotiated.
Sykes, Tanisha A, Curry, Sheree R. “Buying Your First Home?”
Black Enterprise August 2007 Vol. 38 issue 1, p76-82
What a great article helping to discuss the process of buying a home. The pointers that they give are top notch. Thinking of using several parts of this article in my paper. The two reasons that home ownership is important. The pointers of making disputes on your credit report, and how the agencies have only 30 days to respond or must be removed from your credit report. Along with if you are paying off any bills in collection attempt to settle at 50% of the total. Throughout this article like the other book have great resources on websites that you can use during the buying process.
Coleman, Marlene M M.D., Huss, William Judge”Homeowners Association and You”
This book is helpful in finding out about community living and what home associations are exactly. Besides the first couple of chapters of this book talking over the community living part and then structure of the association itself. The only other things I found useful was the list of questions one should ask for the different aspects of buying into a homeowners association.
Bray Ilona, Schroeder Alayna “The Essential Guide for First-Time Homeowners
This book talks more about what to do after you have bought your first home. The reason I like it for my research is the sections about keeping up with your mortgage's, building equity in your home, and all the different tax breaks available to home owners.
Crook David “The Wall Street Journal Complete Home Owner's Guidebook”
This book was a really good resource in talking about the housing market during the recession of 2008. The author does a great job at first making people think about home buying if it is for them. The different highlight areas of this book will be helpful in my paper. Steps on how to buy a home chapter along with questions to ask your lender. He does a good job letting people know what you need to know about your Realtor. Will need to read further into this book lots here and will need more time to take the full book in to benefit me when time for me to buy.
Babcock Jason “After the crash, home buyers looking for bargains”
This article had just two really strong quotes thinking of using in the research paper. It showed how even in tough economy many first time home buyers are getting homes. There is a quote that states how when the market was hot before the crash it was tough for first time home buyers that is not the case now. Along with the statement about why people should look now.
Chao Mary “Taking advantage of the buyers’ market”
The article starts off with a strong statement that I really like talking about how rare of a market we have and favors buyers with interest rates and price. The first step they suggest is meeting with a mortgage professional to determine how much you can afford. The end of the article has a good quote about to stand out as a buyer you should submit a clean offer and to be flexible in your offer.
Miller John E “Homebuying Tips Everybody Should Know”
Really good article with the steps they point out. At the start of the article the comment about the data on home pricing and rental pricing over the last three years really stands out in this article to be used in my research paper. The statement the author makes about you can still get a low down payment with FHA loans, but going at 20% or more avoids the insurance required otherwise. Definitely plan on using the statement on Don't hesitate to throw a low ball on your bid and work from there if you can.
