Ingrid B. Quinn

NMLS ID #211652 Arizona, Loan Consultant


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Will Technology Replace Realtors & LOs?

Choose-a-Realtor

Though many homebuyers start their home purchase process on the internet, do you really believe the whole transaction will or can be completed on a computer? I guess we may be there in some cases, but for most folks purchasing a home is the largest personal purchase that they may make. A Ferrari or Lamborghini may be more but would you buy one without driving one first? Most people want to walk into the home they are considering purchasing. There is something to be said about the “feel” of a home. The “smell” of the home may be equally important. Are you near a farm or business that if the wind blew a certain way you would be affected? I think it highly unlikely that Realtors will be replaced by technology. Technology has made the process easier though with e-signing contracts and presenting offers, though what happened to the good old days when a buyer’s agent could present an offer to a seller personally on their client’s behalf?

As far as the mortgage process, applications submitted online could be a whole different story. I do not feel that a computer can do my job 100%. Getting a loan for a client is not just about getting the loan. It’s about the service that I provide to the client. There is a relationship and trust established. In a matter of minutes, I know quite a lot about that borrower. Not everyone has a deal that will just sail through an automated system. Especially today in the mortgage market, it is important to have a partner who will navigate you through the lending process from start to finish. Not everyone who begins a prequalification process will be eligible to buy today. They need help with credit issues, saving money or whittling down debt to qualify for a home mortgage. It is important to find a knowledgeable lender who will work with you and stick with you through the process.

While the internet has been a great educational tool and a good place to start, the human experience is important in a real estate transaction. Don’t you agree? For questions or comments, please respond here or contact me Ingrid.quinn@cobaltmortgage.com or visit http://www.cobaltmortgage.com/ingridquinn or http://www.scottsdalemortgageexpert.com.