In most real estate transactions, a mortgage broker works with buyers to help them find alternatives from traditional bank loans they might not readily qualify for but could qualify for other programs in a wider lending market than the local one. However, home sellers can take advantage of partnering with a mortgage broker too. The resources are not one-sided in the market. A broker can easily make a home far more attractive to homebuyers, especially when a seller is looking to move a property quickly and with vetted buyers that are ready and capable of financing successfully.
Denver’s Hot Market Can Be Misleading
Granted, the home selling market in Denver is very competitive right now, but that doesn’t mean it’s a perfect situation for a seller. Hot markets also leave room for a lot of problems as transactions go by fast with little review and then headaches occur in closing, wasting thousands of dollars and requiring additional expense in relisting and time lost.
One of the best ways sellers can connect with a mortgage broker is through their real estate agent. Why? Most sellers are going to find themselves in a two-step process. The first step involves selling their home. The mortgage broker can make that far easier by bringing in vetted buyers who have financing packages ready to go for a smooth purchase. The second step then comes with the seller himself then needing a new home in many situations. Now the table turns, and the seller becomes the buyer, also needing help to get into a replacement home, potentially in the same tight market. Again, a mortgage broker can help make this transition a lot easier, reducing gap time that otherwise produces unnecessary costs in temporary rent or extensions.
Available Help Isn’t Far Away
Denver has an assortment of mortgage brokers helping the local market, including experienced teams like Rob’s Loans. With no particular commitment to a specific lender, this broker is able to leverage the entire financing market for both sides of the picture, enhancing transactions and speeding up the sale and purchase process considerably.
Sellers who take full advantage of the market tools available consistently do better with home sales as well as the final value achieved. And, more importantly, their transition to a new home is made a lot smoother too. It’s really a win-win approach for the whole change-out of an old home to a new one, and using a mortgage broker definitely opens up lots of more options than otherwise exist with a traditional straight agent approach.
