Sunday, January 30, 2011

First Home - A 5-part series on our experience as a first-time home buyer

PART 5

Although with no dearth of information, in this 5-part series on being a first-time home buyer, I share my thoughts and experiences of buying my first house. Click on the links to check out  the earlier posts in this series.

 

Paperwork

Most important facet is the legal documentation. Having a trusted and good agent goes a long way. The original agreement is taken over by the loan providing bank. Therefore, as proof, always have a notarised copy with you along with an acknowledgement from the bank of receiving the original agreement with them. Also, do keep xerox acknowledgements of all the cheques and receipts for anything and everything. We had spent more than a couple of thousands only in getting the documents prepared.

But in all honesty, after all this hard work, we fell in love with a place out of the blue and one we had barely seen. We went for a walk, good ambience in a society, a simple enquiry, good eye of our agent, all came together in a sequence of event and we said yes within a day's time at the seller's price (It was a steal any which ways). After a week, we saw the actual place and fell in love all over again. That's fate, I guess. Happy Hunting and a very Happy New Year :-)  

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