this post was submitted on 06 Jul 2023
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What country are you in? It might matter.
Assuming you are in the US, the process is lengthy and there's a lot of hurry up and wait, but it's not too bad.
Edit, addendum: hire your own lawyer to review the contracts. This will cost about $1,000. If you don't already have a lawyer you can contact your state bar association to find one that is relevant to your needs. Don't buy a home as co-owner with a person to whom you are not married. If you must, you will need your lawyer again to draft up a full partnership agreement that describes how to divide the asset in the event of death, disinterest, disability, disloyalty, etc. You don't want to be half owner of a house with your deceased girlfriend's parents who want to sell it out from under you. Pick a number as your budget and stick to it. The temptation to get a house that is a little bit nicer will always be there. This is how stupid decisions are made.
This is a great overview. I'd like to stress how impactful and important your real estate agent can be. Finding the right one can make the process way less confusing and stressful. There are a lot of new terms and processes that you're going to quickly learn about, and you want to be sure you have someone on your team to make that as smooth as possible, especially since not having all your ducks in a row can cost you a lot of money or have you lose out on getting an offer accepted. I've personally had good success with very experienced independent realtors that assist with sales and purchases of all types of residential properties from shacks to multi million dollar mansions.