She has been very intimidated by the home-buying process. The realtor is a friend of the family (nice friend, eh?) who immediately started pushing her to buy this place after she was forced out of a rental home that foreclosed. The realtor only wanted to show her foreclosures and seemed to be especially pushing this place.
I have given her my “information is power – and if you close your eyes and rely/trust other people you are then powerless, and therefore a victim” lecture. To no avail, I think. She seems to think that because she isnt putting any money down that she doesnt have the same rights as other home buyers…or that she cant “bug” the realtor with too many questions.
My understanding is that she has to stay in the area because of her kid’s school – she doesnt want to uproot him. Right now, she, her parents and the kid’s father all live within a mile or so of each other. As a single mom, this is important to her since custody is shared. The kid’s father also apparently threatened to sue her for full custody if she moved him to another school district.
The place really does look like a dump – and the price is shocking. Esp since the bank just paid $191K for it a few months ago. I told her, if anything, she should offer LESS than what the bank paid, not more.
LV Renter, thanks for your insight. I’m going to try to pass on the comments to her.
