Potential Home Buyers

Broker

A mortgage broker is a “middle man” between the buyer and the actual lender. Brokers will shop for the lowest rates from other competitive lenders and then they will add in their own fees, on top of the lenders fees. When you are attempting to sell your home, you will want to make sure that your buyer is dealing with a lender rather than a mortgage broker.

Now that we know the difference between a lender and a broker, we need to call them. Ask the lender/broker if they will be able to close the deal within the time limit specified in the contract (try to get a copy of the contract to the lender as soon as possible). As always, try to establish a good talking relationship with this person, they will be the one to inform you about the progress or possible upcoming problems.

The Communication Process

Of course, there are many other hurdles to overcome with the sale of your current home. Please browse the rest of my website for a better understanding about this process. And remember, nothing closes deals faster than good communication. If and when you enter the Virginia Beach real estate market trying to sell your home, give my cell a call at 757-630-4547...I will give you some more advice and offer some help to you for the future.

Sincerely,
Vincent Talerico