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"In this market, buyers have to be prepared that the home may not appraise," says Krichmar. "They may think they need $20,000 for closing but the seller won't budge on the price after appraisal ...

Buying a house is never easy, especially for first-time buyers. NBC News senior business correspondent Stephanie Ruhle tells TODAY best practices for first-time home buying, such as getting ...

A first-time home buyer can claim an additional tax deduction of Rs. 50,000, than the existing limit of Rs 200,000 as per Section 80EE of the Income Tax Act, 1961.