Location Paperwork
The old adage is that the three most important things when buying real estate are location, location, and location. That may be true fro find the place you want to buy, but I’m busily finding out that the actual three things are paperwork, paperwork, and paperwork.
One of the first things you do, even before you’ve found a place, is put together a bunch of paperwork to get a pre-approval on a loan. You have to show that you have money, that you have a job, that you have a credit history and that it’s not too bad of a credit history. Then you get to start going through a bunch of paperwork that everyone has put together to convince you to look at their house that’s for sale, to understand that it’s their house you want to come see, because it’s their house you’re going to want to buy. Then having done all of that, having sorted through dozens and dozens of listings, and having actually set foot in dozens of house, you find a place and decide that these particular sellers were right. They do have the house you want to buy.
Then you have to fill out a bunch of paperwork to let them know that you want to buy their place. You have to show them that you really can afford to pay what you’re offering, you have to show them whatever you can to convince them that of all the people proposing to buy their place you are the one they should pick, you are the one that will give them the right price and without giving them too much trouble through the closing process.
And then they pick you.
And then it’s back to the loan company.
Sure you already gave them a bunch of paperwork, but now they need to actually look at it all. They need to verify things. They need to look over what you gave the sellers and make sure that it meets their requirements too. Then they want even more paperwork and there’s a Title company involved making sure that the lender gets everything that they need, making sure that the sellers get everything that they need, and, yeah, also making sure that you get all the paperwork that you need, that you’ll need sometime down the line when you become a seller or in any number of other situations that involve you as the legal owner of the property.
And where is God in all of this? I don’t know. Every time there’s paperwork involved, he just seems to disappear.
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