Monday, May 28, 2007

Reliable lenders are vital to a closed real estate transaction

Reliable lenders are vital to a closed real estate transaction



When it comes to getting a real estate transaction closed, it's hard to imagine anything worse than the possibility of a client's financing falling through. Regardless of why it happened, or who's at fault, it tends to throw the entire transaction into a tailspin. Once everything is said and done, the next big question for any good REALTOR is how to make sure it doesn't happen again.



In my experience, the key to success is to work with a proven, reputable lender with whom you or your real estate agent has established a relationship. I enjoy recommending reputable mortgage lenders to my clients because it helps to simplify and streamline the loan production process and it increases the chances that my buyer's offer will be accepted by the listing agent. This is because listing agents know that my loan officers will actively serve as my partner to ensure the success of the transaction for everyone involved.



Consider this...

According to a recent study conducted by Keller Williams University, real estate agents on the seller's side of a transaction are far more likely to accept an offer when the pre-approval is from a known entity versus an Internet-based mortgage company because 9% of transactions fail due to invalid pre-approvals.



Some of the folks I trust and recommend...



Pam Spring, Wells Fargo Home Mortgage - 425-301-8319 - Pamela.Spring@wellsfargo.com

David Woods, Metrocities Home Mortgage - 425-282-6181- dwoods@metrocitiesmtg.com

Roger Berger, Magellan Mortgage - 206-650-7647- roger@rogerberger.com



David Edwards

REALTOR®

Keller Williams Realty Southeast Sound

425-890-8045

E-Mail: david@davidjedwards.com

Website: http://www.davidjedwards.com

Blogsite: http://www.davidjedwards.com/renton-info-blog.asp



David J Edwards is a full time real estate agent and REALTOR® with Keller Williams specializing in Residential Real Estate for buyers and sellers in Renton and Newcastle Washington.

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