How important is your friends’ opinions when it comes to making significant purchases?

Securing your first home loan is quite a commitment and it seems that in the state of Victoria, people want peer advice before signing on the dotted line.

A recent survey from the Real Estate Institute of Victoria (REIV) reveals that word of mouth is the most important source of referral.

REIV chief executive officer Enzo Raimondo said this has long been the case when it comes to property.

“Word of mouth has had a strong track record as the most critical referral source, which reflects the importance of a real estate agent’s reputation,” he said.

Vendors not only want to see that the real estate agent is successful, they also trust the views of the agent’s clients.”

“With regard to engaging with clients, social media has a long way to go until it is a familiar tool,” said Mr Raimondo.

“Local newspapers remain strong – far stronger than the daily print media, in fact. With 13 per cent of respondents citing local newspapers as the most valuable referral source, local media is seen to be more than twice as valuable as the daily newspapers, which only cored five per cent.”

If you are looking for advice that you can trust in terms of a suitable home loan, the best source for guidance is your Trusted Mortgage Broker.

Trusted Mortgage Broker professionals have years of experience and are familiar with many of the financial lenders and products available on the market.

Trusted Mortgage Broker has a great range of mortgage calculators to help with all those tough decisions that come with finding the right loan. Have a look at our calculators on our website to help you further. www.trustedmortgagebroker.com.au/calculators/

About the Author

Sue Hayter

Sue's service commitment is fantastic. At Trusted Mortgage Broker we work with our clients to ensure they understand their options, know exactly how much they can borrow and ensure they choose the right home loan and the right lender that is not unsuitable to their individual needs.

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