Submitting An Offer: Your Lender Matters

Reblogger John McCormack, CRS
Real Estate Agent with Albuquerque Homes Realty 16572

Do you know REALTOR Amanda S. Davidson?  If not there is no better time than the present.  I hope you read Amanda's post, introduce yourself and leave her a comment.  I'm sure Amanda will be glad to hear from you.

Original content by Amanda S. Davidson 0225221517

Submitting An Offer: Your Lender Matters

Lenders are important for many reasons and choosing the right one to handle your financing needs is just as important as selecting the right agent. Their importance goes well beyond working on a buyers financing after an offer gets accepted. The current market in Northern Va is fast paced and multiple offers are happening frequently. As a listing agent I always contact lenders on presented offers to get feedback on the potential buyers financing. This doesn’t mean deals can’t still fall through but, I feel a lot more comfortable when I sit down with my sellers and share with them I've spoken to the lender who will be handling the financing.

Your Lender Matters

 

I had two offers come in on a listing over the weekend. I called loan officers the same day I received them and left messages. One loan officer called back within a couple hours; crickets from the other. The weekend passed and I tried again Monday to make contact. My sellers wanted to make a decision by 5pm Monday night. The offer my sellers were leaning towards was the same one whose loan officer I hadn’t heard back from. I let the agent know the challenge I was having getting in touch with him and she didn’t seem to think it should make a difference.

 

Well…it did make a difference. When 5pm rolled around I updated my clients that I hadn’t talked to the loan officer and they made the decision to go with the other offer. The offers were close but, in the end no communication from a lender cost one of the buyers from being selected. Communication is required in the real estate business and that includes lenders. With the option of text, email, and phone it's not all that difficult to return someone's message. Choose your lender wisely!



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Living A Dream Real EstateTwitterLiving A Dream Real Estate FacebookLinked In Amanda S. DavidsonAmanda S. Davidson - Featured on WUSA9
Co-Owner/Broker Living A Dream Real Estate

12701 Fair Lakes Circle Suite 370

Fairfax, Virginia 22033

Cell: 703-431-3755
Fax: 703-562-7057
Web: www.livingadreamrealestate.com

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