When you do an open house do you like to have a loan officer present?

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Jennifer Provencio, The Reverse Mortgage Speciailist (San Diego County and Central Valley)

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Rainmaker
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Kathleen Luiten

Resort and Second-Home Specialist - Princeville, HI

Kauai Luxury Ocean Home Sales

I'm with Gabe Sanders and Sandy Padula and Norm Padula, JD, GRI on this one.

Jun 20, 2015 06:38 AM

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Sandy Padula & Norm Pa...

, CA

Rainmaker
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John McCormack, CRS

Albuquerque Homes Realty - Albuquerque, NM

Honesty, Integrity, Results, Experienced. HIRE Me!

We don't do open houses but when we did we didn't have a loan officer there.

Jun 20, 2015 12:02 AM

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Michael Jacobs

Pasadena, CA
John McCormack, CRS

Albuquerque, NM

Rainmaker
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Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

Only if is is anticipated to be high traffic. I hate wasting anyone's time!

Jun 19, 2015 11:30 PM

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John McCormack, CRS

Albuquerque, NM

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Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

I have and actually like it. It offers more credibility to the open house and a service to buyers.

Jun 20, 2015 11:05 AM

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Michael Jacobs

Pasadena, CA

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Roy Kelley

Retired - Gaithersburg, MD

Having a loan officer present might be a good idea in some situations but I should think that it would not be a good use of time for the highly successful loan officers that I like to use.

Jun 20, 2015 03:27 AM

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Michael Jacobs

Pasadena, CA

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Cindy Davis

SD Home Source Realty - San Diego, CA

Not really. I tried that earlier in my career. In a way, we ended up competing for the attention of buyers.

Jun 20, 2015 01:56 AM

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Michael Jacobs

Pasadena, CA

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Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

It would not be typical although they have been asked to join in on on certain occasions.

Jun 20, 2015 12:33 AM

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Michael Jacobs

Pasadena, CA

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Robert Kennedy

Chase International - Zephyr Cove, NV

I used to work at a new home development, so basically I held open house every day. We had a loan officer on site every Saturday and Sunday. During the week they were just a phone call away.

Jun 26, 2015 03:04 PM

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Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

I don't but I think it might be a good idea especially if you are hoping to sell a home in a first time homebuyer price range.

Jun 20, 2015 02:43 PM

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Rainmaker
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Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Jennifer Provencio it's a good idea to have a loan officer present.

Jun 20, 2015 02:37 PM

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Rainmaker
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Larry Johnston

Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN

Broker,Friends & Neighbors Real Estate, Elkhart,IN

We have had open houses with a loan officer present, but they are not always available.

Jun 20, 2015 02:06 PM

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

It may be a bit premature to start qualifying them, especially since it may be a big waste of time for the lo to spend the day there.

Always good to have one on speed dial though just in case they are needed.

Jun 20, 2015 12:11 PM

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Rainmaker
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Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

I do, just in case a potential buyer pops and in and had not gotten approved, pretty easy!

Jun 20, 2015 03:22 AM

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Rainmaker
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Stefan Winter

Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV

Owner - Winter Group & Real Estate Web Tech

Have not done an open house in years, better ROI's on other activities. If a loan officer wants to spent time sitting at a house, sure keep me company. Gives me someone to talk too, however I wont ask one to be there.

Jun 20, 2015 03:06 AM

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Rainmaker
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Spirit Messingham

Tierra Antigua Realty - Tucson, AZ

Third Generation Full-Time Realtor® 520 471-6900

They have offerred to be there, print flyers, etc. Which is fine, I simply dont "need" them there but a good opportunity for everyone involved. I love open houses, they may not always pay out immediate dividends but they add up, people meet you, see your name and you never know what you might get from conducting a free open house to the public.

Jun 20, 2015 01:22 AM

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Rainmaker
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Martin E. Kalisker, Esq.

Natick, MA

Real Estate Law From A Practical Perspective

Sounds like something the CFPB could investigate as a potential RESPA violation

Jun 20, 2015 12:48 AM

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Rainmaker
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Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

Absolutely NO.

Jun 20, 2015 12:24 AM

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I'm with Gabe Sanders and Sandy Padula and Norm Padula, JD, GRI on this one.
We don't do open houses but when we did we didn't have a loan officer there.
Only if is is anticipated to be high traffic. I hate wasting anyone's time!
I have and actually like it. It offers more credibility to the open house and a service to buyers.
Having a loan officer present might be a good idea in some situations but I should think that it would not be a good use of time for the highly successful loan officers that I like to use.
Not really. I tried that earlier in my career. In a way, we ended up competing for the attention of buyers.
It would not be typical although they have been asked to join in on on certain occasions.
I used to work at a new home development, so basically I held open house every day. We had a loan officer on site every Saturday and Sunday. During the week they were just a phone call away.
I don't but I think it might be a good idea especially if you are hoping to sell a home in a first time homebuyer price range.
Jennifer Provencio it's a good idea to have a loan officer present.
We have had open houses with a loan officer present, but they are not always available.
It may be a bit premature to start qualifying them, especially since it may be a big waste of time for the lo to spend the day there.

Always good to have one on speed dial though just in case they are needed.
I do, just in case a potential buyer pops and in and had not gotten approved, pretty easy!
Have not done an open house in years, better ROI's on other activities. If a loan officer wants to spent time sitting at a house, sure keep me company. Gives me someone to talk too, however I wont ask one to be there.
They have offerred to be there, print flyers, etc. Which is fine, I simply dont "need" them there but a good opportunity for everyone involved. I love open houses, they may not always pay out immediate dividends but they add up, people meet you, see your name and you never know what you might get from conducting a free open house to the public.
Sounds like something the CFPB could investigate as a potential RESPA violation