Anything to do with finances can be confusing and stressful; especially when it comes to purchasing a home. From last minute fees and costs to proper paperwork, there’s a lot to be worried about.
First things first. Wile your money is being held in escrow, it’s important not to attempt other business ventures. Put off buying a new car or getting another loan. Doing things like this could put an extra strain on your wallet while you are waiting for your money to go through.
There’s a lot of paperwork and information involved in purchasing a home. Make sure you are in constant communication with your realtor and escrow agent during this process, so that you don’t miss any important deadlines. More often than not, a late closing is due to paperwork returned late, or fees not being paid on time. Always ask questions. Make sure that you know exactly what is expected of you and when.
Most importantly, remember to relax. As stressful and rigorous as this process is, worrying will not help it to run any more or less smoothly. Trust that your realtor and escrow agent truly have your best interests at heart and will be there for you whenever you may need them.
Buying a home is stressful. Find out as much as you can beforehand and listen to all of the professionals involved with the process who give you advice. Although, understanding the escrow process isn’t easy, it doesn’t have to be hard. The agents working at TriStar Title and Escrow will be more than willing to lend a helping hand.