Wednesday, October 10, 2007

The Great Paper Trail of the Home Buying Process

One thing you will find throughout the home buying process is that just when you thought you were finished with the paperwork, there is more paperwork. Some may laugh or chuckle about this while others want to quite literally pull out their hair. There is so much paperwork involved in this process that you will at some point begin to wonder if you aren't filling out paperwork about the paperwork. The good news is that once you are ready to actually close on the house is when the real paperwork begins.

You will find that there is paperwork required in order to find out about your credit history and get your finances in order. There is paperwork involved when applying for loan pre approval. There is even more paperwork involved when you actually get around to making an offer on a house. But that is really just the beginning of the great paper trail involved in the home buying process. You'll find that much like breadcrumbs you'll be dropping bits and pieces of paper all along the path to your home ownership.

Once you've made an offer on your home you'll have papers to fill out for appraiser and inspectors and you'll be getting quite a bit of paper in return. You'll have paper coming out of your ears before you ever make it to the closing table. And once you make it to that point, you're really committed. At least it would seem so on paper.

Closing is the point at which the actual ownership of the home changes hands. This is for most people, the most exciting part of the home buying process. Now, the bad news is that this takes about two hours (minimum) of nothing more than paperwork. Go into the closing prepared for hand cramps and bring


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