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Rainmaker
2,394,715
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Talking with a REALTOR(r) because not all Lender's are created equal.  Of course a Lender can claim the same things, LOL.

Feb 04, 2015 11:41 AM
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3,673,447
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Debbie, I like them to talk to me first so the first person they talk to isn't a lender they find on the Internet.

Feb 04, 2015 10:18 AM
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Either way is ok but if they talk to me (Realtor) first I recommend the buyer to my favorite lender.

Feb 04, 2015 07:07 AM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would prefer that they talk to the Realtor first.  We can recommend good lenders.

Feb 04, 2015 06:33 AM
Rainmaker
356,275
Bill Dandridge
Berkshire Hathaway HomeServices YSU - Durham, NC
GREEN, ABR, GRI, EcoBroker

Ideally, they will have already spoken with a lender to get an idea as to what price range thet are comfortable with, but I am happy to take clients out in the car without a prequal. By speaking with them and getting a few particulars from them, I can usually get a rough idea to what they would consider an allowable housing cost per month would be.

Feb 05, 2015 03:30 AM
Rainmaker
2,942,082
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I think if a buyer has a good local and trusted lensed they used before, talk to the lender first. But if it may be a new buyer or relocation without knowing which lender to talk to, meeting with a good buyer broker can give you the resource and referral of a good local loan officer. 

Feb 04, 2015 09:45 PM
Rainmaker
2,974,333
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

They can be kind of simultaneous. When anyone calls me about buying a home and has not spoken with a lender, I get them to do so asap, but I don't stop my conversations with them in the meantime.

Feb 04, 2015 08:54 PM
Rainmaker
536,476
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

John Meussner I have to laugh because as I was reading the Realtor answers I was thinking a lender would answer just the opposite.  And up popped John.  lol

And Debbie I prefer they speak to me first.  Our area is a bit specialized with many different types of homes and property locations.  I have had out of area lenders that just are not familiar with what is in the area.  I can give the name of 2 or 3 different trusted local lenders.  I know when I get a pre approval from them I can count on it at the finish.  Mark

Feb 04, 2015 04:00 PM
Rainmaker
1,477,906
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

1: Talking to the lender would be a very first step to see if they are ready. 

But I am always happy to refer them to a lender that I  trust.

Feb 04, 2015 02:41 PM
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881,481
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

A lender pre-approval is the first step for a buyer.  So a lender should be who they talk with first, at least to get the process started.  I know many Realtors that won't give a buyer the time of day unless they're pre-approved already...so why not call the lender first and get it out of the way.  Of course, in reality, the Realtor should check that pre-approval with a lender they trust, too, because not all pre-approvals are created equal.

Feb 04, 2015 01:40 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

If I can pick I do want them to talk to me and that way I establish a rapport. Some lenders could steer them away and then they may never call you.

Feb 04, 2015 12:38 PM
Rainmaker
2,394,715
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Reading the comments below leads me to believe we REALTOR's(r) are control freaks by nature...

Feb 04, 2015 11:41 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

This should be relatively simple, Debbie Reynolds, It should be a real estate professional - who in turn will have connections with other professionals. 

Feb 04, 2015 11:29 AM
Rainmaker
3,977,611
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Talking with a Realtor if you are selling and a loan officer if you are buying.

Feb 04, 2015 10:50 AM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

You have the chance of losing the buyer if left to their own devices to find a lender. What if they choose one that doesn't know about all the programs available?

Feb 04, 2015 07:09 AM
Rainmaker
4,313,310
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

Depends, if you are a luxury buyer, you generally have your ducks in a row, if not a lender to find out how much you can afford. A

Feb 04, 2015 05:33 AM
Rainmaker
729,720
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Either. Just depends on the buyer. If I were a buyer, I would choose a lender first. Then I would take my time talking to a variety of agents, of course it would depend on my schedule as well.

Feb 04, 2015 03:55 AM
Rainmaker
305,239
Cindy Davis
SD Home Source Realty - San Diego, CA

Ideally, lender. It's hard to go shopping when you don't know how much you have to spend!

Feb 04, 2015 02:43 AM
Rainer
63,812
Jeff Hansen
RE/MAX Professionals, Littleton, CO - Littleton, CO
CDPE Colorado (303)794-4530

Chicken or the egg! Anytime I get a call from a buyer, the first thing I ask is, "have you talked to a lender?" I actually prefer if they talk to a lended I am fimiliar with and know can get to the closing table, so I am always happy to hear when they say no. 

Feb 04, 2015 01:46 AM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I like the prospect to contact me first so I can explain why they need me. Then I can direct them to a trusted lender that will be sure to keep me in the loop.

Feb 04, 2015 01:42 AM
Rainmaker
351,053
Jill Murty, Realtor - Orange County, CA
PREA Realty - Laguna Niguel, CA

If they haven't already spoken with a lender when they soeak with the Realtor, one of the first things the Realtor should do is advise them to speak with a lender.

Feb 04, 2015 01:24 AM