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The Long Road to Completing Documents for your Home Purchase

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A Lengthy Process

When you sit down to sign the documents that make you the official owner of your new home, you may be taken by surprise. If you were expecting just a few quick signatures on a couple pages, think again. Depending upon how you plan to finance your home and what type of property it is, you could be faced with as much as 100 pages of documents needing to be read, reviewed and signed. But don’t panic. According to real estate agents in Charlottesville, NC, people tend to get overwhelmed at the sight of so much paper-work, which can make it more difficult to get through. While it is natural to feel a little intimidated, don’t panic. There are ways to minimize stress and streamline the process.

Be Prepared

Dedicate enough time to the closing process so that you don’t feel rushed. You need to have enough time to thoroughly review the documents and ask relevant questions. Hurrying through the process will only result in more confusion and more stress. Take it slow.

Know What you are Signing

Don’t just jot your name down on any paper that is placed in front of you. Ask for clarification. Know what to expect as far as the type of documents that you will be encountering and their relevance to the process. If you are using a home loan from your financial institution, there will likely be a bit more paperwork than there would be if you were paying in cash, including promissory notes and guarantees, as well as acknowledgment of interest rates and proof of income.

What to Expect

In every property transaction, there will be a mortgage/deed of trust document. This is the document that officially reflects change of ownership and makes you the individual financially responsible for the property in question. It is of vital importance, and there is no way around it. 

Documents from your financial institution, such as the traditional promissory agreement, are the way your financial institution ensures that they will be reimbursed. Essentially, the promissory agreement is your acknowledgment of debt and promise to pay off the loan according to the terms outlined in the document. 


The closing statement can be long winded, and contains most or all of the pertinent information regarding the transaction at hand. It is, in essence, a summary, and it does exactly what the name suggests, bringing the process to a close and finalizing the transaction in an official/legal sense. Without closing documentation, the transaction would remain officially open, so it is a crucial part of obtaining proof of official ownership. Information pertinent to property status and change of ownership are confirmed and validated in the closing statement. At times, this document can take a while to read and process, but it is the last step! Once you sign it, you are officially the proud owner of your new home!