#14 Communication, The Vital Connector



Now that you have your Pre-approval in hand and have chosen an appropriate Residential Real Estate agent, and have begun your home search in earnest, new layers and complexities will be developing.   (No one said it would always be easy!)

The obvious disciplines are:  Keep all lines of Communication open between you, your loan officer and your realtor!  And, when in doubt about anything – large or small – ask!   That, of course, is a simplistic way to hint at two very important disciplines.

First, it is a good idea to cross-inform your Loan Officer and your Residential Realtor concerning all of the important factors!   Second, it’s OK to change your mind about something –anything – just be sure to inform all parties. 

It is important that your Realtor clearly and thoroughly understands the specifics of your loan Pre-Approval. That’s the perfect opportunity and best reason to introduce your Realtor to your Loan Officer as soon as possible.  They will be working closely on your documentation as you move through your home search, and you will want their communication to be easy and comfortable.

Making changes in any of your directives should be timely and considerate.  For instance... maybe having a pool makes insurance too high so you change your mind about having one.   Or, maybe a rural location presents too many challenges, and you would rather be in town after all.   Items like those changes (of position or preference) may be just a line item on your planning notes, but they can mean a lot of misdirected time and energy for your Realtor if you do not share such changes asap! 

When changes (such as new preferences) occur that might impact the parameters of your Pre-Approval, it’s important that your Realtor and Loan Officer be on comfortable and familiar communication terms.   After all, they are key to your success!   The details of a prospective purchase choice should always be shared with your lender.   And, that’s one of the best reasons to have your Loan Officer review all documents in process.

It is easy to see why good communication among all the members of your growing team is vital!   Detail management, accuracy, appropriate timing, and document clarity are vital factors that move your project along efficiently.   Just as your Pre-Approval has specifications and limitations – including a time limit – listed residential properties also have very specific conditions and particulars that drive their availability to prospects like you.   When questions are asked, answers are needed and timing is critical, it is important that all of your team members have easy access to each other.

Building that team is part of the excitement that makes your home search real, and that makes all the groundwork worth it!  As your home search project develops and expands, you will be adding more (and more) team players.  That reality only serves to emphasize the importance of clear and comfortable connections.

Concerning Communication, most of us have had experiences that remind us of what can go wrong when the right information didn’t get to the right place at the right time!


Coordinating your team members is important.  Your Loan Officer can be of great help as you bring together the key factors and individuals who will be essential to your goal achievement.    Remember, that Loan Officer has been through all the details of pulling your history and documentation together.   By now, they know you pretty well!  Who could be better positioned to assist you with bringing your team together?



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