Home Owner Warranty - Smart tips for first-time home buyers - KPNX-12

News | 12 News Today | Weather | About 12 | Community | What’s on 12 | azcentral. The market’s decline has meant bad news for sellers but good news if you’re a first-time home buyer. First of all, like older homes, new construction needs an independent inspection to uncover potentially shoddy workmanship and defects. Make sure you visit the community you’re considering during both the morning and evening commute hours. Yes, you save out-of-pockets closing costs but the lender will typically include them in the loan or charge a higher interest rate. Buying early, before ground has broken in a new development, may get you big discounts or free upgrades, but if homes sell slowly in the community, you may be all alone in there. read more

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