Have a talk with the lender, let them know you are switching and have them promise to be fully committed, stress your concerns. Have a talk with your new agent, what is their relationship with your current lender?
A pre-qualification letter is what you need to be making offers in this market and with a great lender they update this letter for the homes you make offers on, so you want a strong relationship with them.
Let me know if you have anymore questions, I would love to help!
Best luck to you.
GRI, CRS, ABR, CLHMS, e-Pro
Unless you have signed a "buyerâ€™s agency agreement" you can change agents anytime. If your agent is slow, unresponsive or just not up for the job, find one who is. A great agent can make the difference in the competitive market we are currently experiencing.
You are correct however that looking at homes without a pre-approved loan is not a good strategy. It's like going hunting, bringing your gun but no bullets. You are not in position to make an offer that will be taken seriously, so your agent may not have cost you any purchases, yet. The fact that you didn't understand this may be reason enough to find an agent who would have explained it to you.
Interview a few agents and find the best one you can. You need someone experienced, knowledgeable and successful in this environment. Ask them hard questions, read their websites, blog posts and any other questions they've answered here or on other sites.
Buying a home is a huge investment, your first decision in selecting and agent must be a good one if you want to do well. Best of luck.
Yes, you can certainly stay with your lender. I'm sorry you haven't had a good experience with your current Realtor. We are in a seller's market right now and homes are selling VERY fast with multiple offers. A Buyer's Agent has to be very quick and also has to have very good communication with their client! Should you decide to change Buyer's Agents, I would be glad to help you! I have been living and working in the Austin area for 33 years. You can reach me at the information provided below...
Private Label Realty
Your choice of lender and agent are really unrelated. Best of luck moving forward!
Kyle Pfaffe, REALTOR
I would be happy to work diligent for you to get your offer in as soon as the property you are interested in comes to market.
Loan approval will not come from a lender until a house is under contract an appraisal has been complete and all necessary loan documentation has been prepared.
Please call me at your earliest convenience.
I am here to serve you.
Mark J. Garner