You're in the home stretch. Only a few papers stand between you and getting the keys to your first home. But don't get carried away. You may want to request, from your real estate agent or mortgage broker, a draft copy of any documents to preview before the actual closing date [source: Bray, Schroeder and Stewart]. This will take away some of those emotional jitters and also allow you a bit more time to make sense of what you're signing. Don't be shy -- if you don't understand something, then ask your personal team of professionals to explain further. Be especially careful with any numbers that might be on the forms. A couple of wrong keystrokes could mean trouble down the road.
To feel more confident in what they're signing, some buyers even hire a lawyer to represent their interests during a closing process and explain any legal jargon in layman's terms. Others bring along a parent or trusted friend who's already gone through a closing process, with them.
Buying a home is a big leap, but doing your research and involving the right people can make your home buying experience one that will soon have you saying "Home Sweet Home" with a smile.
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- National Association of Realtors. "NAR Survey Shows First-Time Home Buyers Set Record in Past Year." November 13, 2009. (March 10, 2010)http//www.realtor.org/press_room/news_releases/2009/11/survey_record
- National Association of Realtors. "When is a real estate agent a REALTOR®?" (March 9, 2010)http://www.realtor.org/realtororg.nsf/pages/whoisarealtor
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- Texas Department of Housing and Community Affairs. "Texas Homeownership Division" (March 9, 2010)http://www.tdhca.state.tx.us/homeownership/index.htm
- U.S. Department of Housing and Urban Development. "Homes and Communities: 100 Questions & Answers about Buying a New Home." (March 8, 2010)http://www.hud.gov/offices/hsg/sfh/buying/buyhm.cfm
Your dream home is within reach. Now it's just a matter of finding and buying it. Here's a handy list of home-buying tips at HowStuffWorks.