Is it okay to stay with a lender your realtor recommended if you don't end up using the realtor?

My realtor is really nice and I really like her. I've met with her once to go over what I'm looking for and another time to view three homes that were for sale. She asked me to go to open houses, so I did. And subsequently fell in love with a house that is a for sale by owner that refuses to pay commission costs. I don't have the funds to pay her commission fees, and I feel absolutely terrible about telling her. Will it be even worse if I stay with the lender she recommended? I really like my lender as well. I have been feeling just awful about this situation and have been stressed for DAYS about it. I don't want to be a bad person, but I also really don't want to switch lenders. Thank you so much for any advice.
(0) | asked by: Alex Kelsen | share | 4 days ago | Report
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answer by Ricardo Gehrau    |   Visit My Website   |   Contact Me
I would say YES. If the lender offer you a good product in comparison with other lenders I would definitely stay with this professional.
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5 hours ago  |   Report   |   share
answer by Jacki Jakacki    |   Visit My Website   |   Contact Me
Definitely stay with the lender you are comfortable with! This business is all about relationships. Tell your realtor the situation, thank her for her time, and then ask her for a bunch of her business cards so that you can refer her to others if you'd like.
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9 hours ago  |   Report   |   share
answer by Kelly Goodman    |   Visit My Website   |   Contact Me
Would definitely keep the lender! Explain to the realtor the situation. Truthfully, I would not send someone to an open house w// negotiating with the sellers, so in a sense it is her own fault. They probably would have been more open to paying the realtor, had she contacted them first. If I was her I would take it as a lesson learned.. no hard feelings on your part. Best of luck on the closing of your new home!! Falling in love with a home as soon as you see it is a great sign that it is for you!! :)
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answer by Mark Dandrea    |   Visit My Website   |   Contact Me
Good evening Alex, Your realtor sounds like a great person, she will understand if you end up going into contract with the FSBO seller and she isn't involved. Lender choice is completely up to you- no other input there. As to your possible purchase of the FSBO- your Realtor (with your permission) should contact them and certainly negotiate possible commissions AND buyer beware without the professional advice of a licensed Realtor (your Realtor) the transaction may not go as well as it could with her involved. All applicable local laws and ethics being taken into consideration and presumed with this answer. Good Luck! MD
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answer by Rhonda Horn    |   Contact Me
If you like the lender then stay with the lender.
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3 days ago  |   Report   |   share
answer by Sophia Mason    |   Contact Me
Your realtor sounds like a very nice person. She will understand your situation. I would, as a realtor, help my client any way I could even if the seller would not work with a commission. I would also stay with the lender as long as you feel comfortable with them. Good Luck!
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3 days ago  |   Report   |   share
Alison Reedy
answer by Alison Reedy   
You didnt find the home with her . You found it on your own . I am Realtor and when my buyers tell me they are at open houses it reminds me that I should be showing them homes . Don't feel bad . Get her a gift card :)
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4 days ago  |   Report   |   share
Karen  McDowell
answer by Karen McDowell   
Yes you can stay with your lender. Just explain the situation to the realtor.
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4 days ago  |   Report   |   share
answer by RE/MAX ACHIEVERS Alfriend    |   Contact Me
Alex, great question! Generally speaking, your realtor is not tied to your lender in any way, so just go with whoever makes you feel comfortable. If you have a good relationship with this lender, and they're offering good rates and terms, then stick to it. However, don't feel obligated. People change lenders all the time, and at the end of the day, you need to do whatever's best for you, your family, and your financial well-being. Best of luck!
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answer by Rick Wright    |   Visit My Website   |   Contact Me
Alex, I think you should use the lender you are comfortable and happy with irregardless of how you found them. On the FSBO side of things, I think you should give that Realtor a chance to help you. Even though the FSBO says they will not pay a commission, my experience is that they will, if they get the net dollars they desire. It sounds like you might be a first time buyer, in which case I do not recommend you go this on your own by yourself. Your agent may even be able to get you a better price while still getting paid. At least give her a chance.
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4 days ago  |   Report   |   share
answer by Cindy Jacobs    |   Visit My Website   |   Contact Me
You don't have to switch lenders in this type of situation. As a Realtor, it is nice to know that you care about your Realtor and want to see her compensated but you shouldn't pass up on a home that you love because ultimately this is what we want for our clients-to be happy with the home they buy. I would suggest a couple of things you could do. Write a nice review for your Realtor on this site and others since you were happy with her service and refer other home buyers and/or sellers to her as well. Hope this helps!
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