Main Reason Every Mortgage Lender Wants Their Buyer To Meet With A CPA

Phil Gustin • September 11, 2024

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The Biggest Mistake a CPA can make!

One of the most critical factors in achieving financial success is ensuring that all aspects of a client’s financial life are aligned. This includes having consistent communication between CPAs and their clients, especially when it comes to real estate plans. Often, a lack of communication leads to missed opportunities and unnecessary financial setbacks. In this blog post, we'll go over the importance of having yearly meetings between CPAs and their clients, and how this can lead miscommunication, lost money, and a soured relationship between client and business. Let's get started!


Lack of Yearly Communication

One of the most important aspects of financial planning is communication between CPAs and their clients. The biggest mistake I see CPAs making is not having a yearly meeting with their clients to ask them what their real estate plans are for that year. The CPA goes ahead and files their clients' taxes thinking they can save them money, and bam—those clients don't get pre-approved for their mortgage because their income was too low.


The Solution: Better Communication

To prevent these types of issues, better communication and forward planning are crucial. A simple yearly conversation about upcoming real estate plans could save clients a lot of frustration and missed opportunities. This step would ensure clients are in the best possible position to achieve their financial and real estate goals.


Contact Me Today!

In conclusion, CPAs play a significant role in their clients' financial well-being, but that role must include proactive discussions about real estate plans. A small adjustment to the way CPAs engage with their clients could make a huge difference in their clients' ability to secure financing and meet their long-term goals. By taking the initiative to have these conversations, CPAs can help ensure their clients' financial success across all areas.


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