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Buying a New Home? Here's What You Need to Know

By Stephanie Welch Alexander
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Get it in writing.
« Demand full disclosure and a professional home inspection. | What to do after the sale. »
Perhaps one of the best ways to protect yourself is to have every part of the sale in writing -- and make sure you understand every aspect before making a commitment. Legal jargon and real estate terminology can be confusing and somewhat frustrating, so hone your real estate vocabulary before house hunting, and don't be afraid to ask a lot of questions along the way.


Know your needs.

Weigh the costs of home ownership.

Better to build or buy?

Location, location, location.

Know your loans.


Consider a buyer's broker.

Demand full disclosure and a professional home inspection.

Get it in writing.

What to do after the sale.

Don't forget about taxes.
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