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In new house development, buyers aren't paying for "as is" - they're getting the opportunity to design and choose features from the ground up. That doesn't mean that the process is seamless, and a buyer needs to be prepared for unexpected costs to come up. As a result, the sales and purchase process can be a long one. The timing of closing is often determined by the completion of construction and the ability to obtain a mortgage. For new condo developments, this can be a challenge because the building usually has to
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