We build relationships with people in our business, and there are A LOT of people in our business. We work with Inspectors, Title Companies, other Real Estate Agents, repair companies (if necessary), and of course people who can make the financial piece of your dream come true or turn into a nightmare.
We recently helped a buyer from out of state, Alaska to be exact. Working with an out of state lender is doable, of course, but much more difficult than working with a local lender.
Not only is it harder to coordinate documents and signings with an out of state lender, communication could be impacted as well. Time differences, federal, state and local codes and laws are much more difficult to maneuver. The Alaska lender we worked with was unfamiliar with Nevada rules for the loan type we were working with. This caused stress with our buyer and created delays with the closing.
We have many lenders we recommend to our buyers that are local and very knowledgeable about what they do. No matter who you choose as your Real Estate professional, have them refer several lenders to you. You certainly don’t have to go with the first one you speak to, shop around and find one that you like and will work for you.