Okay I know, that sounds like a shameless self plug for a Realtor. You know, we’re the best, highest selling, fastest, most competent kind of thing which I am totally not into stating, because most of it is just a bunch of empty words. I am happy to say that’s not what I mean. This is a more general statement about choosing service providers for your home purchase.
Here’s who you’ll need if you are ready to buy a house.
- Home Inspector
- Loan Officer or Bank
That’s not really very many but one or more parts of a team can quickly turn your transaction into an extremely stressful process and even make it fail.
Your Realtor Has Their A Team
Working with buyers and sellers almost every day of the year as their processes move forward, most Realtors find the best in service providers that we like to recommend to our clients, especially buyers because they need more of them.
Our Loan Officers – We’ve done many deals with the best and worst of them, so if a loan officer is on our A Team, they are good, very good. No loan officer gets access to my buyers because they ask. All the loan officers I refer my buyer clients too are on my list because I know they do a great job; have never let my clients down, not once; and because we have an extended relationship in some other way so I trust them as people as well as for their jobs.
I have three I trust with my clients home purchasing, and they absolutely know what they are doing. The best part is I am kept informed from start to end.
Banks – Many buyers want to use their high street banks for loans. There’s nothing wrong with this and in fact if you have a long standing relationship with them and especially if you have business arrangements with them, I actually recommend it. Just be aware they don’t work on weekends or beyond 5pm. This can slow the process down.
Attorneys – One of the biggest problems with working with attorneys I don’t know, is that very few seem willing to copy me on correspondence as the process continues. This makes my job extremely hard. Communication is necessary and I don’t know why this occurs. Another incidence I notice is where clients ask questions but don’t get direct answers. This is where it’s critical to understand that using a real estate attorney is the best choice.
Home Inspector – All must be licensed in Illinois to carry out a home inspection. The ones I recommend do an extremely thorough job, they do take longer than others, which in my mind is a good thing.
It’s very true that there’s a huge choice of loan officers or banks a buyer can use. The same is true of attorneys and home inspectors. Not forgetting my part either, there are hundreds of real estate agents in each area. Gathering a team can be a daunting task; there’s absolutely nothing wrong with buyers or sellers choosing their own team.
Just a thought though – When glitches arise and they do, my A Team works collaboratively, communicating and working quickly to resolve issues. Take it from me, glitches with other teams often lead to a jumbled mess of attempts where no-one knows what anyone else is doing.
It’s important for both buyers and sellers to know. Realtors and their companies receive no compensation (money or otherwise) for referring clients to service providers. So don’t ever think we get paid for doing so, that’s against the law.