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RJ_Avery Avery

Should a Home Buyer Take Their Realtors Suggestion on a Lender?

As a Realtor the short answer for me is Yes, definitely. Now I am definitely not saying that you should not shop other options and look around, but take a few of these things in mind to why your Realtor may have suggested this person. As a Realtor, we work 100% for free until the day that loan is closed. This many times falls directly in the lap of the Loan Officer or Mortgage Broker you are using to close your loan. If a Loan Officer does not look at your file right, leaves out something, doesn’t explain things correctly to you, or most recently misses the amount of money that needs to be brought to the table to close by $2000, it leaves all the hard work that My buyer and I have put in the past 2 to 6 months for not. The reason I have my preferred lenders is very simple. They do what they say they are going to do. This does not mean that there will not be hiccups and problems along the way, but over the past two years I have developed relationships with my Loan Officers that allow me to feel comfortable turning over my hard earned business to them. Not only that working with them on a Daily basis has made communication fluid and much easier for all parties involved. Having said that if you have a trusted lender or someone who comes highly recommended I am always happy to work with any new lender and look forward to meeting new professionals in my field. They can count on me to make sure that all the paperwork and things I provide them to do their job will be provided on time. Also another thing they and my customers can count on it my accessibility via phone, email and text messaging. Sometimes catching a phone call at 3pm on a Wednesday and taking care of a problem can be the difference between a Friday close and a Monday close. Information on Homes for Sale Forney Tx North Texas Real Estate

Is a listing agent really worth 6%

I am a discount Realtor here in Dallas and was wondering thoughts on why exactly a listing agent deserves as much as a buying agent.  What tangible things to listing agents do that deserve this extra percentage?  Print advertisement to me is not a tangible or effective medium.  My basic opinion as a newbie is that if the house is listed on the MLS with nice pictures and description and is priced right for the area it will sell.  

99% of the time it will be shown by another agent and as long as they get their 3% they should be happy.  As for listing honestly it take maybe six maybe 12 hours total to research, meet, take pictures, list online and also on google yahoo and other sites,  possibly send some blast emails out and then answering phone calls, which not many folks call directly from signs. 

Main question here is what other than the MLS actually sells properties and warrant a Listing agent getting the same pay as a buyers agent who spent time, maybe months showing countless houses.  

The reason I bring this up is that on a recent shortsale the bank approbed 5% commission and I only got 2.5% for being the Selling agent .  The listing agent in my opinion should have taken 2% and given me the whole 3%. 

Thanks

RJ

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