When buying a home, understand market types: seller’s (high demand, few homes) and buyer’s (low demand, many homes). Licensed real estate agents require a service agreement and must disclose conflicts of interest. Research licensed builders and warranty status. Consult a lawyer to verify warranties, clear titles, and contracts. Check land titles and consider a licensed home inspection. Purchase agreements detail terms and financing. Condominium buyers share common property managed by a board, with separate warranties for units and common areas.