Every week, we ask a Boston real estate professional for their thoughts on the top three stories from the week before. This week, we spoke with Lisa Larkin, a senior loan officer with Shamrock Financial Corporation.
Boston Agent (BA): There are very few cash buyers in Boston. Why is financing such a popular option in such a wealthy city?
Lisa Larkin (LL): Interest rates are still reasonably low and prices are increasing therefore it would be advantageous to use financing options that are available.
BA: What are the big hurdles of working with first-time homebuyers?
LL: The biggest hurdle is telling the buyer they are not ready to buy a home yet. Whether it’s a blemish in credit or being overextended, it is tough to see the disappointment when they have a house already in mind. I want to see everyone own a home.
BA: How important are your intra-industry relationships, and why?
LL: These relationships are extremely important since we all cross paths with each other in one way or another. Good working relationships within this industry is vital to success.
Do you want to be featured in our Viewpoints? Fill out our contact form, and you’ll be featured too!