We need a little business real estate advice?
joyfulcrider asked:
My husband and I are looking to buy a business. Our first time to own a business. the current business owners real estate broker sent us to a mortgage broker she knows and we have looked into a morgage broker on our own, she keeps pushing us to the morgage broker she knows because as they say they already have all the info needed. Should we still look at the morgage broker we found as well or not?
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My husband and I are looking to buy a business. Our first time to own a business. the current business owners real estate broker sent us to a mortgage broker she knows and we have looked into a morgage broker on our own, she keeps pushing us to the morgage broker she knows because as they say they already have all the info needed. Should we still look at the morgage broker we found as well or not?
July 25th, 2009 at 9:48 am
Of course.
Do what’s best for you, not what’s best for someone else’s real estate broker. That includes doing your homework and finding out who has the best deal.
July 25th, 2009 at 12:59 pm
Arrange your own financing, with people you can trust. If you’re getting pushed around this easily, your chances of failure in business are beginning to increase.
July 28th, 2009 at 8:52 pm
You will get neccesary info on this site
July 29th, 2009 at 4:02 am
Well to start, 90% of mortgage brokers offer the same products. As a re broker myself its sometime easier to work with someone you know. This really comes into play if your using an out-of-state company or underwriter.By the same token she should let you choose who ever you want, because its illegel for her to accept any type of kick back or compensation from a mortgage broker. I think the only reason she is pushing your to use her guy is because it will be easier for you. This will also avoid any problem between the offer and the closing. I do the same thing except I choose to use larger bank because they tend to have lesser fees. Try Bank of America they are offering no closing cost right now.
July 29th, 2009 at 3:57 pm
I would get your own mortgage broker. The current business owners real estate broker is probably getting some kind of a commission for you using his mortgage broker. You need someone who will be on your side, exclusively.