A First-Time Homebuyer’s Tale

October 26th, 2006

A personal finance blog I enjoy, Get Rich Slowly, has been following the travails of a first-time homebuyer in the state of Washington. I’ve followed along, hoping someday to inspire one of my clients to document their own experience for re:PDX.

It is a wry, unfiltered commentary–emotional, angry at times, stressed-out–all the normal stuff surrounding a purchase decision of that magnitude.Their story provided many lessons for other buyers, as well as those of us in the real estate service industry, whether a real estate agent, mortgage lender, or escrow officer.

Today’s post highlights the culmination of their house hunt….taking title and receiving keys, plus discovering some of the ‘joys’ of home ownership. Here’s the running narrative, from property search through closing:

• Week one: Looking at houses
• Week two: Making an offer
• Week three: A lifetime of debt
• Week four: The calm before the storm
• Week five: Preparing to close
• Week six: Closing the deal

Technorati Tags: first time, homebuyer, mortgage, finance, home, house, debt

Photo by Bright Tal, used under Creative Commons license.

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Entry Filed under: First-Time Buyers