Back in the early part of July I was working with a buyer who was using Toledo, Ohio's LMHA (Lucas County Metropolitan Housing) assistance to purchase a home.
The home my buyer purchased was an owner occupied home in very good condition. We wrote an offeer for $53,000 which was accepted with $100 provided by the seller if repairs were needed. Now comes the inspections:
--LMHA inspected the home--railings and outlets were needed (railing inside & by the front door outside)
--LMHA inspected the home a second time and it needed smoke alarms and carpeting in one bedroom.
--LMHA inspected the home and deemed the home certified by LMHA
--City of Toledo inspected the home
--FHA inspected the home
--the buyer had to hire an licensed inspection company to inspect the home--cost $270
--now we waited....; a few more papers to sign....; and we waited
Finally, on December 22, 2010 we gathered at the closing table and finally completed the sale. The reason for this blog is that we need to be patient in this business, Both the buyer and the sellers were generally patient. We had to extend the contract at least three times without a problem. The real estate agent I worked with was easy to work with and knowledgeable about the process--without the agent's cooperation this might have been an experience from....! May your working experience with buyers and sellers be pleasant and end at the closing table with hand shakes and smiles!