Need Someome to Hold Buyers Hand
I have a first time home buyer type home for sale, priced at $54,000. We have not yet listed it. We had a short term lease with option to buy contract on it, but then the husband of that party was laid off...we let them out of the contract. Now I have someone who actually had the house inspected way back in March interested in the home again.
She lowballed me an offer on Thursday, I countered and she is still interested. The price is a little more than she wants to pay, but she will talk to her lender today. I believe if she gets a good faith estimate that shows her what she'll need to have at closing she may purchase the house.
My problem is she is really nervous...and so so cautious. This is the time you wish she had an agent!
My questions is: Once a buyer has found a house they like, is it not the lenders job to come up with a good faith estimate for them? She wanted to know what the next step was...I told her to get with her lender and if the numbers work, make an offer in writing. After that it would be a matter of getting an appraisal and hopefully scheduling a closing at the title company.
One other item I was wondering about. I purchased this home 3 years ago -would it be any cheaper for her to purchase through the same title company since they did the title work 3 years ago...or are title fees somewhat cast in stone?
Thanks, cross your fingers for me!