Benefits of Using Realtor Referred Attorneys & Lenders

By Harveer Singh CPA

One of the biggest reasons that a real estate deal falls through and has complications is because the client does not use the real estate professionals (i.e. attorneys, lenders, inspectors) the realtor refers.

Other than closing the deal and a smooth process for all parties, a realtor does not benefit from the people he refers. Clients often use professionals that are friends or family, sometimes even those from out of state. This is a big no-no and here is why.

So, why does a realtor even go through the hassle of referring people?

1. Realtors chose professionals that get the job done and have a good reputation.
2. To provide a smooth and easy transaction for everyone involved.
3. For condos, the professional (usually attorneys and lenders) may have recently worked with the association and know the best way to move forward with the least amount of hiccups.
4. Surprises from their last deal have been revealed and they are much better prepared.

It is also very important to use professionals that are local and know the area that the property is located. Out of state and even professionals over an hour away may not know how things work in the particular local area. This can cause delays and issues down the road.

We all know that purchasing real estate can be a complicated and daunting experience. It can be stressful and often issues arise. It is best to know that you are in good hands with a professional that has seen these issues and knows how to handle them.