What Is The Optimal Time to Ask for Referrals?

The Optimal Time to Ask for Referrals
by Joe Stumpf

As a Realtor or Lender, do you know the optimal time to ask your client for a referral?

Not an “OK” time, or a “good” time, but — the optimal time to ask for referrals?

The optimal time to ask for referrals is when you’re in the process of helping someone buy, sell, or borrow. This is when you’re in the most frequent contact with your client, and this is when you’re dazzling them with your world-class service.

During the transaction you’re acting as their:

Consultant:
You lead the process, ask important questions, and offer expert guidance and advice.

Negotiator:
You utilize your experience and skill to evaluate their options and help them make the best choices.

Transactional Details:
You manage paperwork, electronic communications, telephone calls, and hundreds of details to bring their transaction to a successful conclusion.

On a daily basis you’re anticipating problems, finding solutions, and sometimes working miracles. You’ve been known to leap tall buildings with a single bound. So right now, as you’re performing these feats, is the optimal time to ask for referrals.

And did you notice that it didn’t cost you anything?

But here’s the catch: Your clients don’t know that you want their referrals because you haven’t told them. Do not — repeat — do not assume that your efforts will prompt your clients to connect the dots and say, “World-class service like that deserves a referral!”

No. That does not happen.

Fortunately, it’s easy to let your clients know — right up front, in the first few minutes of your first meeting — that you want their referrals, and that you intend to earn them. Here’s the language you use:

“Mr. and Mrs. Client, my goal is for you to be so happy with the help I provide that you’ll gladly introduce me to at least two people you really care about before your transaction closes.”

With this one simple sentence you’ve:
Demonstrated your resolution to provide world-class service.
Clarified your commitment to the client being happy with their buying, selling, or borrowing experience.
Let the client know that their introductions are crucial to your business.

Then, in the days and weeks ahead, as you’re anticipating problems, finding solutions (and perhaps leaping a tall building or two), when your clients say “Thank you,” gently remind them,

“You’ll remember that at our first meeting I said my goal was for you to be so happy with the help I provide that you’ll gladly introduce me to at least two people you really care about before your transaction closes.

“The next time you’re in a conversation with a family member, friend or coworker and they say they really want to get out of their apartment and into their own home, or perhaps they’re expecting a baby and they need a larger home, or maybe they’re empty nesters and they’re ready to sell their house and get into a condo — please give me a call so we can discuss how I can help them.”

Delivering world-class service is how you earn referrals. Using this language is how you get them.

P.S from ‘The Home Inspection Man’ tell to call us fir their home inspection 