 Who customarily pays for a survey of property prior to sale - buyer or seller? |
| There's a possible sale of property from my dad's estate. Property is located in Maine. A potential buyer wants a survey done prior to sale. And he's not committed to purchase - even ... |
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 HELP I just rented an apartment for a 1 year lease. Now she wants me out??? |
| Now, 3 weeks later, my landlady says she needs her apt back beause of personal reasons. She is telling me my lease isnt valid because i didnt go thru any board association for aproval from the ... |
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 I need someone to obtain a real estate loan for me and take the advantages/equity, sell back to me in 2 years |
| I am looking to purchase a condo with an interest only loan. a monthly mortgage of $640.00 My credit score is not high enough to obtain the loan right now and the offer wont last long. I was ... |
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 What do you think of your local Real Estate?? |
| is the market in your area strong/ weak/ buyers market/ sellers market/ ect.ect.... |
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 My score is 777,my hubsands 750; I am a recent stay at home mom, will the lender use my score w/out income? |
| I quit my job to homeschool in Nov 07 and we found our ideal home and community last weekend; now I am concerned that my credit will not be taken into consideration without having income. The ... |
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 Can a text message ever be legally binding as giving landlord notice 'in writing' to end a UKtenancy agreement |
Can they say that a 'text' is the same as 'in writing' legally?
Additional Details
It's ok - i am hoping the answer is no as landlord is trying to evict me on ... |
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 Housing benefit? |
| i am recently separated, and wanting to move out of maritial home, if i rented house of approx 500 would i get help, as i student on 11,000 in bursaries butthat includes childcare, does any1 kow wot ... |
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 Do you see any violation in this situation? |
I bought a house last year.Seller was my friend and also a mortgage broker . She wanted to sell her house to me with reasonable price. She also wanted to be a mortgage agent on this loan.
So I ... |
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 Moving into a new house with roommates; how do we decide who gets the bigger master bedroom? |
| I am about to rent a new house with two of my friends. However, one of the bedrooms in the new house is much larger, has its own full bathroom and a door out to the upper deck. How do we decide who ... |
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 First time home buyer. How much will the bank loan us? |
| The house is appraised at $90,000. We are approved for it, however, the seller is only asking $85000 for it. I have no idea about mortgages! This is my first one and I'm wondering if we can ... |
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 Should my rent be less?? |
| I moved into a downstairs duplex studio unit a few months ago. It costs $550.00 a month w/all utilities incl. The first and last months were due in advance. As soon as we moved in our cat got ... |
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 Reduced Mortgage Payment? |
| Will a mortgage company reduce your payment for a short period of time (2 years) because of a financial set back.... |
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 What can I do if I suspect my leased home has become abandoned? |
| I have a contract with a couple, where I have leased my home to them under the agreement they were to obtain fianancing within a certain amount of time. Therefore, they have been making payments, not ... |
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 Is this mortgage fraud? |
| There's a builder in my town who offers something called a 'home trade program'. Just like trading cars, they buy your house when you buy theirs. That's not the part in question. T... |
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jawsh0219 | What is a better way to build strong relationships with realtors? |
Realtors have so many loan officers tugging at their feet, I was just wondering what the best way to do business with them was. |
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TigerLilly
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I hate realtors. |
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pcb4sale
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Know your product and get with a company that offers programs that other don't or can't. I like working with one lady because she can get mobile homes done when other lenders want to end the call as soon as you mention them. But above all of this, be available and keep the agent informed as the deal progresses. I hate it when I'm in the middle of a deal and the lender seems bothered by my calls. I watch over every step of every deal so no one drops the ball. As for the people who answered they hate Realtors, they just have not worked with a professional who does not have to lie and cheat. |
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unclejesse1
 |
As an LO I was hoping to find some good ideas here for myself. Depressing answers. Here is what I see. A realtor is not going to send you buisness after stopping in there office once with a flyer on your rates. You have to stay in front of them. I go to open houses where they are somewhat of a captive audience. Bring a little soft sided cooler with some sodas. Offer to print out some marketing flyers specific to their homes.
As mentioned have something different. I always believe you get what you ask for. If you ask for the junk loans and manufactured (manufactured are not as hard to get done as everyone thinks) homes that is what you will get. Remeber, they are people just like you and aside from sending them buyers it is hard to get realtors to listen.
Go to your closings. It allows you to be face to face with the realtors again, be available to answer questions of the borrowers again which goes along way to getting them to refer buisness. Do something nice for the customers at the closing. I always try to bring a bottle of wine or another small gift. Goes along way.
Have a home buyer seminar ALONE and then use the leads you get to refer to realtors you are working on. The biggest thing is to stay available. Don;t be bothered if they call on a saturday to get a preapproval. They work weekends you should too. Ask the realtors what you can aside from sending them buyers to help them generate buisness.
Just remember when go to meet the realtors that is a position game. Try to get into the rotation of lenders they use. Do a great job when you get a chance and you will get used again. After you get a loan get it closed ASAP and send the clear to close approval to the realtor 2 weeks early if you can. They love that. Ask the realtor to use you for their backup if they have a good relationship with another lender. Don't be afraid to be the number 2 guy for awhile. If something goes wrong with their number one then there you are. Good luck. |
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Tony
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ITs not going to happen. Every Realtor that is in the business for more than 6 months already working with thier or thier brokers favorite LO -that is an almost impossible nut to crack.
Successful LO'S and Realtors will gladly trade leads with each other - but then you come to the age old question that we are all trying to answer "how do you get the clients in the first place".
My suggestion is this - save your money - the only REaltors you are going to get by taking them out to lunch are the broke agents wanting a free lunch. Instead focus on open houses (realtors will gladly let you sit in them, and consumers would rather talk to an LO than a realtor anyway) and try advertising direct to the consumer -any buyer leads you have trade them and start a realtionship with a local top producer.
Tony
www.hqhomes.com
www.cabellahomeloans.com |
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Scott
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As a Realtor myself use the golden Rule. Treat others as you would like to be treated.
Be loyal, Be on time, Don't jew on commissions in fact ask to pay 1/4 to 1/2 % more than the agent asks, Don't be a Sunday Looky lou just out for a ride in the country,
If you don't like your agent break it off as there are lots around looking for business... |
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Dwight D J
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Go beyond best rates...differentiate yourself somehow, through better service or some other way to make yourself stand out. |
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luvshorses
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good luck!!! it's a harsh harsh world for an LO and developing a good relationship w/realtors is near impossible. Most broker's (i work for Coldwell Banker) have their own loan offices they deal wtih and really don't want to hear an LO nagging at them about "we're better and i can do this for you....." so on and so forth. Maybe send out monthly emails, or go into certain offices with fliers.....not saying it will help cuz we just throw away what ever fliers we get from LO's but maybe it'll work for you. |
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Monty
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Lie and cheat....like them... |
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s M
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LO are always begging for business. Yet, when they get the business, they don't refer because his/her spouse, friend, family is a Real Estate agent, and they keep all the leads. LO are a joke. They control too much of a deal because you can't purchase a home without $$$$$$$$$$. |
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Falcon Boy Toy
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Take one out to dinner. While you're eating, rub your hand down his or her thigh. That will help heat things up. If he/she doesn't slap you, you're good to go. |
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Searchlight Crusade
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Learn to do real estate yourself. Most agents are only interested in two things: Certainty the loan will be ready and what's in it for them. Best deal for the client never enters their calculations.
It is much easier for a good loan officer to learn real estate than for an agent to learn loans! |
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