Partnering with Lenders: Tips for Las Vegas Real Estate Agents
Partnering with lenders can help Realtors® run more profitable businesses while assisting their clients in achieving their home ownership dreams. There are a number of ways that ongoing collaboration with an experienced lender can save time, money, and heartache throughout the real estate process. Based on years of experience working as part of successful Realtor® – lender teams, here are tips for how real estate agents can put a relationship with a lender to work for their business.
Many first time homebuyers are unfamiliar with the process of obtaining financing. By referring your clients to a reputable lender for a pre-approval early in the process, you’ll get critical information. Your clients will be working on the best information about how much house they can afford, and you’ll be assured of a smoother closing process.
Evaluating Loan Options
With the number of different loan options on the market today, it’s important that buyers understand how to structure a transaction that’s going to work best for their needs. If your buyers are eligible for programs such as VA loans or rural FHA programs that require additional documentation, this can be communicated early in the process to help them prepare.
Structuring Viable Offers
The more financial insight you have, the better you’re able to structure an offer that’s likely to be accepted by the sellers and that your buyers can financially fulfill. The right lender will work with you to creatively structure aspects of the deal such as closing costs, loan credits, and more.
Once a real estate transaction is moving toward a close, there are a number of stakeholders to keep informed. The buyers, the sellers, the agents, the bank, lawyers, inspectors and more all need to be in the loop. Closing timelines are often tight, and every step needs to be completed on schedule to avoid expensive delays. The right lender will partner with you to keep all aspects of the financial process flowing forward.
In many cases, it’s possible to save buyers money, structure loans to eliminate closing costs, or reduce the interest paid over the life of the loan. By working as part of a lender-Realtor team, you’ll be setting the stage for the best possible financial outcome for your clients.
If you’re a real estate agent in Las Vegas that’s looking for better financial solutions for your buyers, I can help. Contact me at Sydnee Johnson Las Vegas Home Loans today to discuss your needs and learn more about the benefits of partnering with lenders.