Gail Mercedes Cole
From a listing agent's perspective, when sharing the time with a lender, there's just too much risk of getting a buyer approved for another's property.
How about this.....why don't lenders consider allowing real estate professionals to attend meetings with their prospective borrowers? Fair is fair!
Just keeping it real....
If a lender wants to 'leverage' the business I have cultivated, they must EARN the right.
They must send me viable home buyer or seller leads. PERIOD!
NOTE: That is the process interruper. I have partners. You,as a lender what to wedge yourself into the circle. Referrals is the door opener. Sorry, co-advertising, printing flyers...not of any value.)
They must have a history of closing on time.
They must have a history of closing under budget.
They must have a history of avoiding drama.
They MUST do the job of overseeing every aspect of the lending process...application, verification, apraisal, undrwriting and keep the communication flowing.
Any lender who is associated with or is friends with a rebater takiing money from the agent is completely disquallifed..
I use lender partners as a strategic componet of my select open houses. They have a role to play that I asssign.
in the prospective of a real estate professional in Ca or Fl, the objectives are the same. This is a businesss, not a hobby. Even then, we always give more than we take. When I see a lender or broker doing the same, I WANT to do business with them.
If you are ready to play ball in the Tampa Bay area of Florida, you know what to do.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
In my experience, a "lending partner" expects a one-to-many relationship with RealtorsÂ®; they want all of our business but divvy up their referrals among many agents.
Also - the purpose of the open house, at least so far as the owner is concerned, is to sell the property. I'm not sure that setting up a satellite loan office in a house provides the sort of ambiance we typically try to maintain for prospective homebuyers . . .
Most successful agents have established relationships... the situation you may be facing is probably related to resistance at bringing an "unknown" lender into the picture and has nothing to do with inventory.
Best of luck!
Clearly there is some disconnect.
Realtors generally have a personal preference, to co-host with another Realtor
Or hold it open themselves or with a lender.
But a shortage of homes is not the issue.
Many times owners prefer that the Listing Realtor hold the Home Open, after determining
His seniority and years of experience.