Orlando First Time Home Buyers this is your guide to everything real estate related and where to begin. The first parts of this series discussed if purchasing a home is right for you and how to finance your first home, the second part discussed why you need an Orlando Buyer's Agent. Thirdly went over How to Make an Offer on your First Home and what can go wrong while under contract. Now you've made all the hurdles and have arrived at the closing table.

You did it, you worked hard to keep your credit in line, listened to your Orlando Realtor, found the perfect first home and have now made it to the closing table. Those weeks of anticipation finally are at a culmination of hard work. You hear all about this "Closing Table" but what does it mean. When you finally make it to the closing table that means you will be signing all the documents to take title to this property and signing over the agreement that you are accepting a mortgage. 

You often times hear horror stories that it takes hours of signing your name and by the end of it all you wont be able to feel your hand. While this was true a few years ago when people had 80/20 loans and had to sign all the documents twice, todays closings are generally handled in under an hour. It's customary for the sellers, their agent, the buyers and their agent plus the title rep to all be at the closing table together signing documents. Sometimes the lender will even show up to verify you fully understand everything you are signing and that they are prepared properly. However with bank owned deals and out of state sellers it will just be the buyers side at the closing table.

At the closing table the documents cant really be changed, if there is something wrong on the document a new package may have to be prepared which can sometimes take hours. However after all the documents are signed by both parties and your mortgage has gone through (they call this funded) you are now the proud owner of your first home and can take possession of the property that day. However on bank owned deals if the seller hasnt already signed the documents and your mortgage hasnt funded you may have to wait a day or two after signing before you get keys to your home.

Going back to my old saying "You cant get excited about a home until the keys are in your hands, well here is when you can become very excited!"

You have reached the end of our series about purchasing a home and are now a successful home owner. We have one last blog coming up for you about after the sale and caring for your home.

If you are a first time home buyer in Orlando make sure to check out our Half Million Dollar Challenge where you can get up $12,000 free money!