How will my real estate agent (or builder) and my lender work together to coordinate the closing?
Good real estate agents and builders keep in close contact with all parties involved in a transaction. In a typical sale, purchase contract contingencies (i.e. financing, inspections) require that an agent or builder’s rep communicate well with all parties to ensure that the contingency deadlines are met.
Good real estate agents and builders keep in close contact with all parties involved in a transaction. In a typical sale, purchase contract contingencies (i.e. financing, inspections) require that an agent or builder’s rep communicate well with all parties to ensure that the contingency deadlines are met. The real estate agents, builder, loan agent and escrow officer are dependent upon one another to close a transaction (no one gets paid until closing occurs) as well as for the referral of future business, so it is in their best professional interest, as well as their clients, to communicate with one another. Of course it is always a good idea for a buyer/borrower to keep in close contact with each of these service providers for a status and progress report.
Related Questions
- I am an active Real Estate Agent. Can I join HTLA and become a W-2 employee of a Lender and still maintain my real estate license with a real estate company at the same time?
- How will my real estate agent (or builder) and my lender work together to coordinate the closing?
- Can a lender give a real estate agent note pads with the lenders name on it?
