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SMALL BUSINESS
By Stacey L. Bradford,
Associate Editor, SmartMoney.com
Associate Editor, SmartMoney.com
LOOKING FOR A new home? Well, you're in luck -- sort of. First, the good news: Home prices are falling, giving buyers more negotiating power. Now, the not-so-good news: Lining up financing has become much more difficult as droves of homeowners default on their existing mortgages. This isn't to say you won't be able to secure the home of your dreams, but you will need to be a bit more cautious and conservative with your purchase.
Here are five mistakes to avoid when looking for a home in today's real estate market.
Deal of the Day
- Top 5 Cities Surviving the Housing Bust
Home values in these cities are holding their own compared with other parts of the U.S.
- 5 Cities With Biggest Decline in Home Value
Home values in these cities are down by double-digit percentages with no end in sight.
- How to Cut Food Costs
From restaurant tabs to grocery bills, how to trim food costs without going on a diet.
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