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Get more referrals!

By
Mortgage and Lending with Tim Davis

When is the best time to get more referrals? During the sale of course. So if you are a Realtor and you have just got a signed contract and are 30 days from close how can you capitalize on getting a referral? I see way too many agents working the transaction model. That is to say they move from one deal to seeking another deal to seeking another deal and so forth. The reality is that there are a lot more possible deals in and around the one your are currently working.

 Here are just a few possibilities...

  1. Cross market your clients contacts.How about learning who their home owners insurance agent is and sending them a nice handwritten note card or maybe reaching out to your clients movers and making the introduction to your services. How about the loan officer, you never know they may have a completely "turn key" lead generation program like our office. How about their financial planner or CPA? Have you ever considered reaching out to them to introduce yourself and the fact you have a mutual client?
  2. Send a gift to your clients place of work.We always send a GIANT box with a congratulations helium balloon inside tied to a candy bar. We include several business cards, a handwritten note card, and boy we love referrals flyer. The box arrives by 3 day ground UPS and is delivered to our client at their desk. All day people come by to see the balloon and we get plenty o referrals for this. Well worth the $7 we spend!

Too many agents spend too much time chasing down new business, when there is a pot of gold in the deals you already have!

Think outside the box and go get those deals!

As always, to your success!

Al Maxwell
Keller Williams - Marietta, GA
Real Estate Agent
Hey Tim...I'd like to learn more about this balloon thing. You actually UPS a GIANT box with a ballon and a candy bar? Can you tell us more? I'm trying to visualize this......
Sep 10, 2007 02:51 PM
David L. Britt
Platinum Realty, LLC - Olathe, KS
MBA
Tim, Congratulations!  Why is it we overlook the obvious?!  Thanks for the reminder!
Sep 10, 2007 02:53 PM
Deb Wilson
Crye-Leike Realtors - Clarksville, TN
Realtor - Clarksville TN
I would like to hear more about your balloon and candybar too.  Can you give more information?
Sep 10, 2007 02:58 PM
Darrel Quebedeaux
Evergreen Realty & Associates Inc. - Newport Coast, CA
Tim, I agree, during the closing process there are many referral moments and if you are doing your job properly the clients should be in good spirits and willing to help you as you have helped them.
Sep 10, 2007 07:52 PM
Birmingham Alabama Real Estate, Stephen Wolfe
LivingInBirmingham.com - Birmingham, AL
Tim, I have to admit I almost passed over "another" referral blog. I am glad I stopped I love the idea of a gift at work. What a way to make an impact. Every person who walks by get a personal endorsement to use you.
Sep 11, 2007 01:21 PM
Vicki Bishop GRI - Alabama Real Estate
Coldwell Banker United Realtors® - Bay Minette, AL
That sounds like a good idea, I will have to try it.
Sep 11, 2007 01:44 PM
Penny Florence
Midvale, UT
Great idea!  Thanks for sharing.  The balloon doesn't deflate within 3 days?
Sep 11, 2007 01:50 PM
Tim Davis
Tim Davis - Nashville, TN
I will post more on this soon. Amazingly the balloon will last for up to 12 days
Sep 11, 2007 03:40 PM
Adam Brett
The Adam and Eric Group - Fullerton, CA
The Adam and Eric Group, Fullerton's Finest
Referrals are the best lead possible.  They know you are qualified and experienced.  The biggest thing is asking for it.
Sep 11, 2007 03:45 PM
Matt Clark
RE/MAX Results - Cincinnati, OH
Cincinnati Real Estate
Way to stick out among the crowd
Sep 11, 2007 04:26 PM
Jim Novak
CENTURY 21-1st Class Homes - Schaumburg, IL
Great idea, I love cost effective tips like this one!
Oct 14, 2007 04:31 AM
Paul Viau
Nova Scotia Real Estate Blog - Halifax, NS
Nova Scotia Real Estate Blog + Photo Services

Wow- Thats a good one. - Sending a gift to their place of work! Maybe a big box of freshly baked cookies! Man -

Talk about opportunity! 

Oct 14, 2007 04:36 AM
Carlos Scarpero
Epoch Lending - Centerville, OH
Mortgage Loan Officer

Great tips. Thanks for sharing.

By the way, if you need help with those notes and cards, see my profile. 

 

Oct 14, 2007 04:40 AM
Lisa Robbins
Au Courant Home; City Living Baby - Aventura, FL
Great balloon idea!
Oct 14, 2007 08:46 AM
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes
Loved this Idea. I will have to try it out after my next closing on the 25th. 
Oct 20, 2007 02:59 AM
Adele Irving - Easton Area Homes
Prudential Patt, White Real Estate - Easton, PA
I love this idea.  I might be trying it myself soon.  Thanks
Oct 20, 2007 01:38 PM
Tim Hoffmann & Laurie Nadeau Nationwide
Park City, UT

great idea - one of the more "out of the box" ideas I have heard. Mind if I borrow a version of this?

Oct 20, 2007 01:48 PM
Andrew Smith
Keller Williams Realty Conroe - Lake Conroe - Huntsville - Conroe, TX

Great idea -

One of my agents used to have flowers delivered to their clients office every month - as we all know everyone wants to know who sent them - I thought it was a brilliant idea

Oct 20, 2007 03:35 PM
International International
International, IT
I will definitely be sending out a note card to my clients loan officer today. Thanks for the reminder.
Oct 30, 2007 04:02 AM
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
I like the helium balloons idea!  I've sent flowers, my florist could just as easily attach balloons.  Thanks.
Nov 13, 2007 12:44 AM