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Home Rich

Increasing the Value of the Biggest Investment of Your Life
1

The Rules

When greg was transferred to Washington, D.C., his wife, Stacey, knew immediately she wanted to move to Fairfax County, Virginia. Her family had lived in the area for years and the commute into Washington was a breeze. Unfortunately, the couple had to start their search right in the middle of the spring buyers’ frenzy and were competing with other families eager to get into a new home before the school year started. Soon after their search began, they discovered a neighborhood that boasted a pool and tennis club that residents automatically belonged to. And, days later, the couple walked into an open house for a cozy ranch with skylights and new carpeting in every room. The only downside was a strange mildewy odor—but the sellers assured them they had taken care of the problem. The pressure to move quickly was high. Seven other couples at the open house were eager to buy. Greg and Stacey decided they would have to put together a strong offer quickly to compete. They bid the asking price of $669,000. Stacey even wrote a thank-you note to the owner ... read full excerpt from Home Rich: How to Buy, Manage, Improve, and Sell the Most Valuable Investment of Your Life ebook