What Does That Contract You Are About To Sign Really Say?

By
Real Estate Agent with Classic Realty Realtor

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 First Mortgage, can lead you to financial ruin. Just ask the thousands and thousands and thousands of people who are loosing their homes thru foreclosure because of their failure to interpret and understand the what the Contract REALLY stated.

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 or solid 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. If you feel the closing agent is annoyed or frustrated, ask for someone else to do the closing. You deserve nothing less than the very 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 strongly 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.

Dave Ramsey has some additional reading on today's subject: Always Read Before You Sign

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.

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.

Try this link to help you find your next home: Fairfax Homes For Sale   When you land on the main page try one of our custom searches listed on the bottom of the page. No registration is necessary for the Fairfax MLS general search on my site. If you check the box to receive automated updates sent to your email, you will be required to give us your name and a valid email address.

Northern Virginia Information - Here you will find answers to your questions about schools, auto registration, taxes, things to do this weekend, popular destinations. It only takes a moment to look and it is free with no registration required!

This blog may contain links to other Web sites operated by third parties. These links are provided as a convenience to access the information contained therein. David Burrows and Envirian of Warrenton have not reviewed all of the information on other sites and disclaim any responsibility for the content of any other sites or the products or services that may be offered on or through those sites. Inclusion of a link to another site does not indicate any endorsement or approval of the site or its content.

David Burrows and Envirian of Warrenton disclaim liability for any damages or losses, direct or indirect, that may result from use of or reliance on information contained in this blog.

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