Confused Buyers and Irregular Regulations

Regulation of home warranties varies from state to state. In some states, the real estate commission is the regulator, while in others the department of insurance has jurisdiction. Also, the many different companies and policies have created confusion about what is and isn’t covered. As a result, many consumers have the misconception that a home warranty covers everything, down to a leaky faucet.

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Determining How Much Home You Can Afford (2)

If you answered yes to that question, and you increased your home-shopping price, you have put yourself into financial jeopardy even before your first payment is due. Be aware that lenders, agents, and home sellers all want you to buy to the max. Resist their sales pitch. You want to be more savvy than many other home buyers and simply say no to the additional money.

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