Referrals Benefit First Time Homebuyers

lighthouse70First time homebuyers get better agents from referrals

Referrals are the lifeblood of real estate agents. A referral is a recommendation, most valued when introduced by someone both the agent and client regard highly.  Since the majority of referrals come from clients that an agent has worked with before, this is highest form of flattery an agent can receive. Having never bought a home, first time homebuyers might be most comfortable with this process, because they can rely on the experiences of friends they trust to help them find the right agent. The next best thing is working with an agent who specializes in dealing with first time homebuyers, like our Team For YOUr Dreams. First time homebuyers take a lot more time, need many more questions answered, and require more care in making a decision, so it is important to find an agent who can provide this extra level of service.

Referrals also come from other agents. In this case, a referral fee is paid to the referring agent if the lead results in the sale of a property. This arrangement is often used when a client relocates from one region to another and asks their local agent for help with their impending move. Keep in mind, however, that North Carolina law restricts payment of a referral fee only to licensed real estate agents. 

However, there are some companies that have found a way to sully the process of getting referrals.  There are companies who generate leads for Realtors, then refer the clients to anyone who will pay the fee.  In the normal referral relationship, a Realtor finds a qualified agent in another area and confirms that their clients will be well cared for.  Unfortunately, in the lead generating process, the care in selection provided by your Realtor in your home town goes out the window, and you get stuck with anyone who can pay the fee.

If you are trying to find the right Realtor, ask a friend who has bought a house in Cary, Raleigh, Apex or anywhere else you want to live in the Triangle area of North Carolina.   If you are a first time homebuyer who is new to the area, find a team that specializes in first time homebuyers so they can give you the extra care you deserve.

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  • Brooke Fraser

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