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Thursday, September 07, 2006

Book Review: House Poor by June Fletcher



This is probably the single best book in regards to buying and selling residential real estate. While the first two chapters were very basic (simple concepts as to when it is economically practical to buy a house), I was stunned with amount of information that was packed into the rest of this book. I consider myself a real estate expert, and couldn’t believe the amount of information I pulled.
While I was skeptical during the first couple of chapters, it quickly became clear that June Fletcher’s top priority is the welfare of the reader, and not anything else. I did not find this to be the case with Eric Tysons House Selling for Dummies, Ilyce Glinks 50 Simple Steps to sell your home faster, or forsalebyowner.com's Complete Idiot's Guide to Selling your Own Home. I am not saying these other 3 books were made with intent to harm the reader... but they were not as bold or as honest as Fletcher when she says things like "Skip the open house... Open houses are really a way for agents to meet new customers." The book is packed full of information like this, and the others are not.
For the average home seller (or flipper), the most valuable section probably lies in chapter 4 "Getting smart about Home Improvements". June is correct in her analysis of what type of market you need to be in to justify certain types of upgrades. Fletcher puts complex supply/demand elasticity problems into easy to understand terms.
Besides the opening chapters being a little slow, my only other criticism is how the book is organized. There is simply no way to read this book "for the facts" or as a reference. Concepts/statistics/stories are all put together without significant enough breaks between them. This criticism may stem from my reading of the book as a reviewer, who is trying to quickly find and evaluate the advice more then a typical reader would... it is hard to judge if the typical reader would be looking for a casual education read, or just advice.
If you are considering buying or selling a house, and if you are a book reader, then I would suggest buying this. If you do not normally like reading books, and would simply prefer "the facts" you may not be as satisfied with the book (though I believe this book contains the best "facts" available).

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