LOOKING FOR A REALTOR

odusgolp
odusgolp Posts: 10,477 Member
edited September 30 in Chit-Chat
Totally OT... Anyone here a realtor? Quick question....

Replies

  • fbmandy55
    fbmandy55 Posts: 5,263 Member
    Go ahead. I work for a Real Estate board, also with the National Association of Realtors.
  • piezoeyjune
    piezoeyjune Posts: 186 Member
    Totally OT... Anyone here a realtor? Quick question....

    Im a Broker of my own company. The rules for real estate vary state to state so the answer youre seeking could vary from what would happen in MA.

    But ask away...
  • odusgolp
    odusgolp Posts: 10,477 Member
    OK, I'm about to start house-hunting again. Been working with a lender and all is well. I have not begun looking b/c I wanted to get the financing in place first.

    I have bought several homes before. Because I got divorced a few years back, I now sit in a rental, so I do not need to sell.

    Anyhow, contacted a new real estate agent on someone's advice. First thing they asked me was for my lender's name, number, and email. They said once they have spoken to him, they'll call me.

    I find this really odd. I mean... I understand you don't want me wasting your time. But talking to him directly about my finances seems out of the ordinary from what I'm accustomed to. Especially without so much as speaking to me first.

    Is this the norm these days b/c of the economy? Or is it a little odd??
  • fbmandy55
    fbmandy55 Posts: 5,263 Member
    That is not unheard of but not the norm. Typically they will just ask if you have been pre-qualified. If not, they may hook you up with someone to get that taken care of so the agent can start finding homes in your price range.

    I don't see any reason for the agent to ask for that unless they've recently had an issue or sale fall through because the buyer couldn't get approved, they may be paranoid.
  • sparadise
    sparadise Posts: 26 Member
    I am also a realtor. Some agents/brokers will do that to avoid "wasting their time" but I don't think it is very good customer service. They should get your information, work with you and also collect some information such as what they asked for but I don't think that should be the pre-requisite for them working with you. Also, at least in WA, not all offices are Realtor offices. You may want to make sure that you are working with an office that is Realtor associated.

    If my client does have a pre-qualification I may ask them about that so we are sure we are looking in the right range. Also, if you were unaware of your loan type, speaking directly with the lender is helpful. Bottom line, everyone conducts business differently and I think it is best to make sure the person you are working with is compatible with you. Have you moved areas since the last home you purchased or sold? Is there some reason why you are not working with the last agent you used?
  • odusgolp
    odusgolp Posts: 10,477 Member
    Thanks!

    1. My divorce does confuse things a bit. But that's my problem. Not my realtors. Essentially I have to get an FHA loan b/c my ex-husband defaulted on his house while still in my name. But it was years after our divorce, etc. so my obtaining financing is still ok.
    2. My lender/bank is not affiliated with any specific realtors and completely separate.
    3. I didn't work with a realtor the last couple times :) FSBO and financing was so easy, etc it just wasn't necessary.
    4. Same place :) Good ol' Wisconsin :) I bleed cheese....


    I'm seriously just curious... What if someone was still obtaining financing, but wanted to put in an offer "contingent on financing" being acquired within a set number of weeks. Isn't that normal?
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