Are You Sure You Understand The Contract?
If there is anything true in purchasing a house, it is this: Not reading the fine print is certainly NOT Better! In fact, failing to read anything you are signing whether it is for a car, 2nd Mortgage or the 1st Mortgage, can lead you to financial ruin. Just ask the thousands and thousands and thousands of people who are loosing their home thru foreclosure because of their failure to interpret and understand the fine print.
As a Real Estate Professional, I have stopped more than one person signing papers for their Mortgage Closing and asked them to take a deep breath and then consider, “Do you really understand what you are about to sign?” The response has sometimes been, “No, but I’m sure its ok”. The fact is it may not be ok and you should know and be aware of everything you are agreeing to do by signing on the dotted line.
Here is the way it often seems to work: Sometimes Closing Agents progress quite fast thru the closing because after all, they do this every day. You shouldn’t hesitate to ask them to slow down, especially if you are a FIRST TIME home buyer. Remember, you are paying for their service. If you feel the closing agent is annoyed or frustrated, ask for someone else to do the closing. You deserve the best professional closer when you are getting ready to invest potentially hundreds of thousands of dollars into you new house.
By the way, I always urge people I work with to consider consulting with an Attorney. This way you can certainly know the ins and outs of what you are going to be agreeing to when you sign on the dotted line.
David L. Burrows, Realtor
Envirian of Warrenton, Warrenton, VA
Phone: 703.859.5188
Burrows Properties
Buying thought for the day:
Buying a house can be a complicated process. Remember to employ a Licensed Real Estate Agent. The Agent should not be afraid to give you valid references upon request.
Try these links to help you find your next home:
Virginia Home Finder
HUD Homes In Virginia
Fairfax Homes For Sale
Fairfax MLS
Interested in some great reading on selling your home? Take a look at these articles on my website: Selling Your Home: Where do you begin?
Seller Guidance: I would encourage you to employ a Realtor to help you sell your home. When your agent or another agent is showing your house, go away and let them do your work for you. I also urge you to utilize my FREE SELLERS TOOLKIT before selling your house.
Buyer Guidance: I would encourage you to really check out anything and everything you are told by a well meaning seller. Employ the services of a Buyer's Agent to help you discern what you read and listen to about the area you are thinking of calling home. I would also urge you to get my FREE BUYERS TOOLKIT before heading out on the journey to find your new house.
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