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

The country's recent economic meltdown has drastically changed the rules of home buying.  Almost every aspect of the home purchase has been affected by new laws, rules, lender requirements, new programs and vastly different buying opportunities.  For the educated and the swift, this change has created incredible buying opportunities.  However, navigating this new economy requires intimate knowledge of these new rules. 

Prominent real estate attorney and home investor Adam Leitman Bailey has assisted thousands of purchasers in buying homes. In his new book, Finding the Uncommon Deal: A Top New York Lawyer Explains How to Buy a Home for the Lowest Possible Price (Wiley; Paperback; April 2011; $19.95; ISBN: 978-0-470-94366-3), Bailey tells the insider tips and secrets of this brand new world of home buying.

The National Association of Realtors reports that housing affordability has reached an all time high since 1970, as foreclosures, short sales and new lender programs flood the market. Bailey provides the reader with expert advice on maximizing buying and borrowing power, gathering on-the-ground intelligence on uncommon deals and how to negotiate rock-bottom prices. 

Aiming to help buyers find the best home for the lowest price in the new real estate economy, Finding the Uncommon Deal is the first home buying book providing expert advice on how to use the new federal lending law disclosures to save thousands on borrowing costs. In addition, Bailey takes the reader inside buying a short sale and a pre-foreclosure, and explores tactics for working with a home inspector to limit post-closing repair costs or obtain a reduction of the purchase price by identifying repair needs. To supplement the book, Bailey has created an unprecedented 50-state guide to Laws and Practices, enlisting top brokers from every state to share their expertise and local insider tips on purchasing a home in their community. 

Finding the Uncommon Deal gives readers the secrets to discovering and successfully negotiating the lowest prices for the most prized properties available. The book includes ideas such as:

•   How to go beyond Internet listings to find the best deals

•   Navigating the dozens of new buying and lending laws, rules and standards

•   Reading and understanding the motives of others

•   Negotiating a deal on short sales, newly constructed and foreclosed properties

“When the economic collapse occurred, I started writing this book to educate buyers and give them an advantage in the dramatically changed real estate environment,” says Bailey. “Each paragraph of each chapter of the book gives buyers practical, real life advice and gems that work to protect their planned investments and to help them understand the process and save money at the same time.”

Professional real estate investors know that housing prices are rock bottom, and they’re pouncing on deals. The National Association of Realtors reported that a record 33 percent of existing-home sales were made to cash buyers, or investors, in February 2011. What does this mean for the average homebuyer? It means great deals are out there for the taking and Finding the Uncommon Deal will tell the general public how to take advantage of the deals that professional investors have been getting.