"Owning a home is a huge commitment and expenditure," says Contos. In fact, it's life-changing for first-time buyers.
"You learn a whole new vocabulary. You meet new people. You develop different perceptions and values. You discover new ways to spend Saturday afternoon," says Contos. In a nutshell, it's a big move forward.
Closing on a house is just the very first step. To make sure that it's without stress and there are no surprises, invest time into learning about what you're signing and what you're agreeing too, says Contos.
Your real estate agent will explain every line item in every step from earnest money to inspections and beyond to appraisals and closing fees, he adds. Listen carefully, so you understand the whole package and can enjoy the pure joy of signing the final document and taking hold of the keys to your new home.
"Once you've decided to take the leap, the process of buying your first home can be scary and overwhelming," says Contos. "It doesn't have to be. The key is having a great real estate agent guiding you, along with a trusted adviser."
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