shared well: "I don't deal with the financing, the lender does"...Really?
- 11/06/14 05:31 AM
In the real estate industry it is necessary for a Realtor to understand financing. While we may not know every guideline that must be met in order for a Buyer to obtain a loan, it is important to have an overall knowledge of the loan your client is trying to obtain. Not knowing can cost your client hundreds of dollars and could cost you future business. I will give two very basic examples demonstrating how a lack of financing knowledge can cost Buyers and Sellers money!
Example #1 - A Buyer's offer was accepted on a rural custom home in Buckeye, … (3 comments)
In the real estate industry it is necessary for a Realtor to understand financing. While we may not know every guideline that must be met in order for a Buyer to obtain a loan, it is important to have an overall knowledge of the loan your client is trying to obtain. Not knowing can cost your client hundreds of dollars and could cost you future business. I will give two very basic examples demonstrating how a lack of financing knowledge can cost Buyers and Sellers money!
;)
;)
