Entering into a real estate transaction is a huge decision. With all the ups and downs that come with buying or selling a property, it is extremely helpful to find a qualified, experienced, and knowledgeable real estate agent to guide you through the process.
While a lot goes into finding an agent perfectly suited to your lifestyle and situation, one major question persists: How long has the agent been in business? The answer to this question can be the deciding factor in either moving forward with an agent or looking elsewhere for real estate guidance.
For starters, an agent with less than five years of experience is one that, like you, will be using your transaction as a learning experience. These newer agents tend to make more mistakes and lack the confidence that you’ll find in a veteran agent; but, with their fresh industry perspectives, these agents also offer unique solutions and ideas. For many clients, though, the risks of working with a fairly new agent aren’t worth the potential benefits.
After the five-year mark, agents develop a greater knowledge of the markets they work in and the processes they must follow in order to successfully close a transaction. After five years, agents don’t necessarily have “niche” markets, but they have focused on certain types of property and usually certain regions—these are the areas in which they feel most comfortable working in.
Agents who have more than 10 years of experience in the real estate industry can generally answer just about any question you have pertaining to their specialty area. There are several benefits to working with an agent who has a decade or more experience under their belt, including their ability to:
• Offer solutions based on previous transactions
• Anticipate problems before they occur
• Cash in on reputations and relationships with other agents
• Bring strong negotiating tactics to the table
• Provide contacts for reputable lenders, title companies, inspectors, appraisers, general contractors, pest inspectors, etc.
• Understand the complexities of changing markets
• Share tested statistics and market data
• Guide clients to smooth closings
How can you find out how much experience an agent has?
Experienced agents generally include this information on their websites and promotional materials, as they understand the importance clients place on experience. But, if you can’t find a ballpark figure on any of an agent’s platforms, simply ask them how long they’ve been in the real estate business. You can double-check any self-reported information by contacting your state’s licensing authority.
In Florida, you can search an agent by name here to verify their license type and the date they obtained the license.
Why does it matter?
Experience doesn’t always equate to more successful closings. However, more often than not, it does. The real estate business tends to attract a lot of professionals who are experiencing difficulties in their own fields or those looking to try their hand at a new professional experience; but, real estate is not for everyone. The longer an agent has been in the business and the more times they’ve ruined their license, the more success they’ve found in the industry. If they weren’t excelling in the industry, they wouldn’t commit ten years of more of their life to it.
New agents need clients to gain experience, but working with a real estate agent with less than five years of experience can add unnecessary stress and complications to your real estate transaction.
Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/