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Updated over 1 year ago, 03/28/2023

User Stats

19
Posts
7
Votes
Ryan Swigart
Pro Member
  • Rental Property Investor
  • South Bend, IN
7
Votes |
19
Posts

Has anyone had their realtor urge them to use their lender?

Ryan Swigart
Pro Member
  • Rental Property Investor
  • South Bend, IN
Posted

I am relocating so I have a new realtor I have never used in the past. She has been very good so far. However, when I told her I wanted to submit the first offer, she called me and strongly urged me to use a local lender that they recommend instead of the lender that I have my pre approval and other properties through. She said since she is not familiar with that bank it will make the offer weaker.

I have never heard that before and don’t understand how that makes a difference. In my mind, money is money the seller would care and I’d lm very happy with my current bank, so why would I add in another lender, when I already have everything organize through one. Also, submitting a lengthy application to a new lender isn’t the most enjoyable thing to do.

Thanks for the feedback and I’m curious if anyone else has had a similar situation.

  • Ryan Swigart
  • Loading replies...