To refer or not refer? That is the equation

By
Real Estate Agent with (408) 425-1601 CA bre 1519182
https://staging.activerain.com/droplet/5btN

                                                                               Sam Shueh

                                                                          Realty One Group

                                                                 Silicon Valley, CA

 

Often I get asked if I know someone who can help their children who is interning or going to universities in Silicon Valley wanting to find housing close by.  It is better to purchase a cottage or small home with roommates to help paying for mortgage than paying for steep dorm fees. After a few times with parents from those private schools I see parents were shocked at how pricey the homes are here. Parents already took a home line of equity to pay for the stellar tuition thinking all they need to do is pick a home waiting for them. The reality all these homes are priced way higher near campus. I have parents even with a physician and junior college dean combined wages stated they just can not afford a 7 figure mortgage. These days people from out of the area I asked if any other agents are interested in showing.

 

The college interns coming here start earning ~$95,000-110,000 on an annual basis.  They are device and information savvy often defies their parents wish to work with a realtor. Your mom found me from high school alumni database.Where are you? Do you need help with housing? I will not get paid but I will give you a hand. I had one student contacted me asking me to submit the size of each room size on Autocad drawing, crystal clear tiff images from 4 directions for each room and whether the rent can be reduced since three earn a combined quarter of a million dollars a year. Is that what they learned from Ivy League schools? 

 

I typically check our franchise data base and also on Active Rain data base. At another brokerage we signed an agreement through the CEO asking for a referral agent as he knows who is available. Those from this site I left a message often I get little to no feedback but see their blogs more.

 

I did receive a response from that she covered that area and the person can contact her if needing help. The client was the one I sold their home quickly they highly thought of me. After they could not get in touch with that agent I told them just go to open house and work with whoever they feel comfortable with. The responses from AR or elsewhere  frankly are not all that over whelmingly positive. However, if a realtor approaches me I get on it right away.  I signed a referral commission agreement next day and inform them where the process is until getting paid. Your check is heading your broker.

 

It does not seem right a professional I get in touch with give me the impression they are busy or not even checking their eMail or phone.  Like everyone else we need communication and a clear channel. Often I thought the agent will stay on top of it and realize someone dropped the ball. Often I think the people in new town decide they do fine without an agent or the agent does not spend much time communicating and lost the prospect. Sending a referral is one kind of lead generation. It is more credible because there is a common bond. You were referred by so and so to get with a good agent. The tricky part is I have just little information other than a name, phone number and eMail. To make sure it is taken care of and the chemistry between two parties work well is the tricky part.

 

The question remains I will try to match the person's needs and too keep the communication open. If someone I contacted does not respond I will follow Albert Einstein's referral formula out of the equation.

 

If you have questions on properties that you wish to sell or purchase. Please give a call.  I am never busy for your referrals.

Sam Shueh Realtor

 I've called San Francisco South Bay home for over many years. We love this area and all it has to offer, and I enjoy sharing what I know about homes.  I documented in several books about Silicon Valley history. I have much expertise in real estate...please give me a call.  

   (FOUR O EIGHT)  425-1601 

 

SOURCE:  

Shueh, Sam  How is my Silicon Valley home worth? (Silicon Valley Home Values)

Shueh, Prediction of 2018 Home Prices in San Francisco Bay Area 

Shueh, Sam    (Real EstateBlogs)

Shueh, Sam    (My Website)   

Forbes Real Estate Council Ten technologies will change real estate  

Weber, How Robots will disruptive Real Estate

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Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sam, I too have given referrals, and then you never hear from the agent, and wonder if our clients are being taken care of.

Mar 29, 2018 07:56 AM #1
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Sam, It is discouraging to send a good referral and then have the agent drop the ball. Above all we want our clients taken care of.

Apr 02, 2018 04:59 PM #2
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sam I referred an agent last week and she was on the phone in less than five minutes calling and emailing back and she was from this platform, I suspect you picked the exception. Over the past ten years every time I referred someone it was always a good and positive experience, Endre

May 05, 2018 05:59 PM #3
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