Why You Should Use Realtor Recommended Service Providers

By
Real Estate Agent with BERKSHIRE HATHAWAY Georgia Properties 157561

I’m supposed to be at a closing right now, but it ain’t gonna happen!

When buying a new home there are many service providers you will choose to assist you.  Of course the first will be your Realtor, but you will also need the services of a lender and closing attorney/title office among others.

I strongly recommend that you request a referral for these services from your Realtor rather than using a friend or choosing the “lowest bidder”.   Your agent has day-to-day experience with these professionals and knows who can get the job done and who can turn your transaction into a real estate nightmare!

In this case, the buyer had preselected the lender (a friend) and closing attorney they wanted to use, as is their right, and would not even consider changing to one of my trusted sources.   I think that many consumers believe that Realtors get a kickback from their referral partners.  Certainly in my case this is not true. I simply want a smooth stress-free transaction for my clients and refer service providers based solely on their successful track record.

From the beginning, the lender (who supposedly had 30 years of experience) was slow and did not seem to understand the basic financing guidelines and timelines we were facing. In fact, one of my trusted lenders could have had the loan closed in the length of time it took him to simply provide the initial approval. 

Today, the day of closing, we still do not have a loan package and he has no idea how to expedite that situation. The attorney, who has no vested interest in working hard to keep my business as they are the lender’s friend - not my trusted partner, has been a challenge from the beginning in terms of communication and scheduling and is not willing to get the loan closed today as we did not keep our prescheduled appointment and they want to leave early.

 

UPDATE:  We are now three hours past our scheduled closing time and just received notice from the lender that they are not accepting the appraisal "as is" so it must be put back through the system. With no timeline provided by the lender, it looks like we are destined to close as late as late next week.

 

Moral of the story.... I cannot state strongly enough that choosing service providers based on a proven track record is the only choice that makes sense when the little bit of money you might have saved is eaten up by storage facility costs and interim housing needs.    

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
Georgia Forsyth County
Tags:
homes for sale
realtor
realty
forsyth county
real estate
cumming ga
south forsyth

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
348,076
Marnie Matarese
DWELL REAL ESTATE - Sarasota, FL
Showing you the best of Sarasota!

And the most difficult parts of these predicaments are trying to get the buyers to believe you.  My solution?  I now have three past buyers who are willing to speak with new ones about their failed experiences with a family member and an out of state lender.  It works!

Jan 03, 2017 12:51 PM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
247,296

Gayle Barton, Forsyth County Real Estate

Cumming GA Homes For Sale (404) 710-0204
Have a question? JUST ASK ME...
*
*
*
*
Spam prevention

Additional Information