Guidebook

Keller Williams Releases Updated Home Buying Guide

“Your First Home” is designed to be a guide for new real estate consumers. The book is now in its second edition and includes updated information on a range of current topics.

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Keller Williams announced on Tuesday that it is releasing an updated version of Your first homea book that aims to guide consumers through the process of buying their first home.

The book is 280 pages long and includes information on vetting agents and lenders, finding the lowest possible interest rates, writing successful offers, and negotiating with sellers. Keller Williams co-founder and executive chairman Gary Keller and vice chairman Jay Papasan wrote the book, though a company statement notes it’s based on “hundreds of interviews and research in-depth with real estate agents and consumers”.

Gary Keller

“The goal of this book is to be your trusted guide and help you know what to expect,” Keller said in the statement.

The book hit the market in 2008 and, according to Keller Williams, has since sold 50,000 copies. Keller Williams describes the newly announced edition as an “expanded” version of the text that has been rewritten to reflect the current home buying landscape.

This means that the book now contains information on sorting out Internet lists as well as resources on growing trends, such as home piracy. The new version also includes more information on various property types, additional worksheets and interviews.

A Keller Williams spokesperson told Inman on Tuesday afternoon that more than 2,000 copies of the book had sold in the past 24 hours.

The first chapter of the book is available for free and walks consumers through principles such as price appreciation, home tax issues, down payment options, and how to conduct a real estate transaction, among other tips. The full text is available from all major booksellers.

The book hits the market at a strange time for real estate consumers. Over the past two years, low mortgage rates have helped fuel record home price appreciation in many US markets. The trend has been a boon for existing homeowners, but has made buying a home more competitive than ever.

However, the past few months have seen rates rise significantly and the market slow down. Prices are still high compared to two years ago, but buyers now face potentially larger payments due to higher rates as well. All of this means that the current moment is a difficult time for first-time home buyers looking to enter the market.

The beginnings of Your first homeThe new edition of seems timely to capitalize on the unique challenges facing consumers right now. And in Tuesday’s statement, Keller encouraged consumers to take the plunge and buy a home.

“The great thing about owning a home,” he said, “is that it can lay a solid foundation for your financial future while setting the tone for your lifestyle. personal life.”

Email Jim Dalrymple II