I didn't realize how much paperwork was involved with the buying of real estate! I was advised by the salespeople and friends to make sure I have a lawyer go over the agreement. So, after calling around, I found a nice lawyer who actually gave me an itemized list of what she will do and how much it would cost! I didn't even have to leave the office..just scan and email her the agreement. She found a few things, but mostly it had to do with the capping of certain closing costs. I sent the changes off to the builder, and they of course agreed to the capping but made them higher.
Next came the mortgage. While I had already gone to my bank to see how much I qualified for, it is important to get a "locked in" rate for the interim. The nice part was, the bank representative of the builder called me and when she found out that I was already her bank's customer..I didn't even have to fill in an application..she would already have the information....sweet...again I didn't have to leave the office. I got a locked in rate, and if the rates go down, I will get that..if they go up, the lowest rate stands, can't get a better deal than that.
So I'm all set..now just wait...here is the piece of land that will become a subdivision sometime in the next year or two.
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