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In my market, it's rare when the lender shows up... but I like it very much when they do. Sometimes, the transaction runs into some lending issues, and it's nice to have the loan officer on site, so they can call in to the company (sometimes they have a back-door phone number)...
ooops... i didn't read the question carefully enough... I thought you meant at closings... not "open houses".... never mind.
Greenwood Village, CO
Nina Hollander, Broker
I love this question. As a lender, I would do everything and anything to help my Realtors out.
Yes it is nice to have the company and I think it benefits the lender and the prospects that come in.
I don't mind if they co host, but I want them to market the event through their own sphere of influence. I love referrals.
I would not mind if one showed up, but doubt that any would.
Stevens Point, WI
It's rare now adays that this occurs as it used to happen quite a bit - but yes I do.
In large part OH's are a thing of the past here - you seldom see signs anymore for OH's
Panama City, FL
I bake cookies...
Colorado Springs, CO
As I don't hold open houses, the lender would not have much to do to help!
Yes. As long as everything complies with RESPA.
Nina Hollander, Broker
Our homes go so quickly, and we get lots of showings without doing an open house. Back a couple years ago, it was nice.
If I know it will be a busy open house I invite them but hey never appear. Too bad for them!
Yes, I do like when vendors stop by or help me with open house. Teaming up for open house is always welcome.
It is a nice benefit for security and safety reasons. Also nice to have a lender there to help buyers in need.
Sure! Someone to talk to when traffic is weak.
I've had a few lenders offer to do so, but have not taken any up on it. I generally don't see the benefit (to me).
Yes, this is great! They can help promote you and be a form of security. It's always better to travel in pairs or even packs. A lot of buyers start by going to open houses and aren't pre-approved yet. It gives them an opportunity to meet them in person first. Plus, it gives them an opportunity to get to know you better.
Not a fan!
We don't hold Open Houses...
I often do for extra "eyes, ears and feet". Makes the home more secure, and allow me to be in two places at the same time.
SOme times, i make sure though the agent is working with me and not sending buyers to other agents or complexes.
Most loan officers don't have time to attend open houses, but location and price range could be a factor. They will usually make brochures though and are available by cell phone if needed.
I have not done this. My loan officers are too busy for open houses.
I prefer that they bring their brochures, rate sheets etc.. and then leave after an hour. I appreciate their time and yet, too long can be a distraction.
I do not mind.
I have never had a lender attend as part of an open house event -- some stop by for encouragement or for an introduction. Don't overstay your welcome and remember the purpose of the open house --- my job as the listing agent is to sell the home -- not chit chat with others or eat donuts.
Matthew Pratt - it is always a great idea to have a lender with you at open house....
Have only done this one time. It was nice to have the company but can't say it made any difference for her or me
If they show up uninvited, not so much.
Definately! It also helps the safety factor.
Yes. Enjoy the company. Enjoy full-service to buyers who can prequal onsite. And enjoy their insight and convo with guests. I haven't held open houses for over 3 years because the market is so strong houses sold within days. But I have one booger right now. It's taking some time and a lender joined me a couple of weekends ago and it make those 3-hours FLY BY!
I used to when I did them, but haven't done one in a decade.
I have never had a lender present. A couple have offered . I should take the opportunity.
I have not had that happen..... yet
Yes but I can't remember the last time this happened. I am not complaining I just agree with Alan May
Our mortgage reps prepare finance sheets for new listings and open houses. Most do not attend.
Yes, great to get people with a lender right away,
I think it is wonderful when they do in most instances. A
very much so.... These days not too many new agents wanting to enter the business and they are not available on the weekends.....
A good one can move the process along quite nicely....
No, they bug me but some like to do it as a team approach. It might work for some people - just not me.