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11/03/2013 09:37 am ET Updated Aug 07, 2015

Things Every Homebuyer Should Know (VIDEO)

Buying a home can be thrilling, but before you let emotion get the best of you (and the huge investment you're about to make), experts say there are a few things you want to keep in mind.

For starters, you can save yourself some disappointment by securing financing before you hit the open house circuit. "Unless you're paying cash, there's no reason to shop for a house until you have a firm commitment from a lender," says Stacy Johnson, CPA of MoneyTalksNews.com.

Check out more of his tips on how to avoid common home-buying mistakes in the video above.

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