Has anyone had their realtor urge them to use their lender?

[Ryan Swigart]

I am relocating so I have a new realtor I have never used in the past. She has been very good so far. However, when I told her I wanted to submit the first offer, she called me and strongly urged me to use a local lender that they recommend instead of the lender that I have my pre approval and other properties through. She said since she is not familiar with that bank it will make the offer weaker.

I have never heard that before and don’t understand how that makes a difference. In my mind, money is money the seller would care and I’d lm very happy with my current bank, so why would I add in another lender, when I already have everything organize through one. Also, submitting a lengthy application to a new lender isn’t the most enjoyable thing to do.

Thanks for the feedback and I’m curious if anyone else has had a similar situation.

[Jay Hinrichs]

the reason is the realtor knows her bank / lender will perfrom.. there are a lot of lenders out there that are frankly dumpster fires.

there are certain lenders we simply wont deal with with our re sales.  as we know they very difficult and cant meet time lines etc etc.