Foreclosure Friday: Get Those Keys
We were absolutely ecstatic about getting the house! We called all of our friends and family and I, being the true woman in this situation, immediately started planning the home décor! But that wasn’t the only thing on my ‘to-do’ list. I needed to get finances in order to write that large check at closing, as well as assemble all of our pre-approval paperwork, get a home inspection, etc.
I was nervous on the day of the home inspection. Unfortunately my husband was not able to get off from work, so my agent and my father came. But I was really nervous because our offer was contingent on the home inspection; meaning that if we didn’t like what was reported or could not get assistance with the problems, we could walk away. But I had already invested those precious preplanned decorating hours to making the home ours!
There were a few minor electrical problems with the home, in addition to the hot water heater and the air conditioning unit being on their last leg. But on the recommendation of our agent, we were already planning on getting a home warranty so those issues would be taken care of, if and when they happen. (For those of you who aren’t sure what a home warranty is, it’s a service contract that covers the repair or replacement of many of the most frequently occurring breakdowns of home system components and appliances.) And home warranties can be renewed for several years after you purchase the home!
Thirty days came quick and before we knew it we were in the closing office. I’ve always heard the mountain of paperwork or “signing your life away” statements referencing the closing of a home; but it’s no joke! There were stacks and stacks and stacks of paperwork to sign. Again, our agent explained it in terms we could understand, but after the sixtieth piece of paperwork they were all starting to blur together! After the last piece of paperwork was signed and final explanation of what we were getting ourselves into, our agent gave us the much anticipated keys to our first home!
There was not a single thing that could knock the smile off my face. We did it, we purchased our first home together. We were now living the American Dream… well, almost.
Stay tuned for next Friday’s blog where I will recount the home renovation process with before & after photos! In the meantime, browse your local foreclosures to get started on your own home renovation!