Whether you are selling or buying a home, you must first decide which real estate agent is best for your needs. While many agents specialize in different segments of the market (rentals, low income housing, upper income homes, investment properties, etc.) there is one factor that must always be considered and that is experience.
Regardless of your income bracket or why you need the expertise of a licensed agent one thing is for certain, a home is the largest investment that most people will make in their lifetime. Is this a good time to hire someone with little or no experience?
Starting out as a real estate agent is tough and part of the reason is that some people are hesitant to use a new agent in fear that they might make a mistake or not be able to provide the level of guidance needed. Does this mean that no one should ever choose a new agent to represent them? Absolutely not! It’s not important that a particular agent be highly experienced but it is vital that he/she have access to someone that is. All new agents have access to a seasoned veteran (or should) and will be able represent you with a high degree of professionalism. As long as experienced advice is available when needed than you have nothing to worry about.
Agents with considerable experience are able to avoid future problems. They are able to offer solutions based on previous successes and can anticipate many problems before they occur. An agent that’s been around for a while possesses strong negotiation skills and has a good reputation amongst other agents; that is very important. He/She understands the market and is able to refer clients to other professional service providers such as lenders, title companies, home inspectors, professional stagers and more.
When all is said and done an experienced agent will be with you from day 1 right to the closing table and knows exactly what it takes to get there. Being involved in such a major transaction without a seasoned veteran on your side could be a big mistake.