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Lenders aren't gonna give you a preferential rate because of the realtor, I can't imagine paying for a laywer recommendation, and guidance is not worth 3% of my
by wonnage 3y ago
Lenders aren't gonna give you a preferential rate because of the realtor, I can't imagine paying for a laywer recommendation, and guidance is not worth 3% of my home's value.
What counts as "guidance" anyway? A realtor can't be relied upon for structural issues, you'll need an inspection. They can't tell you anything about the market that you couldn't dig up yourself in 5 minutes searching Redfin. HOAs, contract language, and other legal matters will need a lawyer. You're basically gonna have to find a dedicated professional for anything that matters.
The limited benefits I can think of are:
- you're buying in a tight market, and they can find some off-market listings through their network
- a reputable buyer's agent might make your offer seem more legit
- lbotos 3y agoI didn't get a special rate because of the recommendation, of the 3 lenders I was reviewing, the recommended lender had the best rate and I had the bonus that the realtor and the lender had worked together many times so they were a well-oiled machine. Trust me, I hate the idea of middlemen, and I do hope the system can get more efficient.