A new study quantifies how much an experienced agent can boost a sale — and what it means for the broader housing market. Here’s what buyers and sellers need to know.

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How Much Does Real Estate Agent Experience Matter? A Data-Driven Analysis

Key Points from the Study

• Experienced agents can significantly boost a sale
• Impact on the broader housing market
• Important considerations for buyers and sellers

Experienced Agents and Their Impact on Sales

Higher Sale Prices

A new study has found that experienced real estate agents can significantly boost the sale price of a home. This is an important factor for both buyers and sellers to consider when choosing a realtor to work with.

Faster Sales

Not only do experienced agents help achieve higher sale prices, but they also tend to close deals more quickly. This can be a major advantage in a competitive housing market.

Implications for the Broader Housing Market

Increased Market Efficiency

The study’s findings suggest that experienced agents contribute to a more efficient housing market. By helping homes sell faster and at higher prices, they are effectively reducing the time and resources spent on each transaction.

Improved Market Confidence

As experienced agents facilitate smoother transactions, this can lead to increased confidence in the real estate market. Buyers and sellers may be more likely to engage in the market, knowing that they are working with knowledgeable professionals.

What Buyers and Sellers Need to Know

Choosing the Right Agent

Given the impact that an experienced agent can have on a sale, it’s crucial for buyers and sellers to carefully consider their choice of realtor. Look for agents with a proven track record of success and a deep understanding of the local market.

Asking the Right Questions

Jessica Fulk, a seasoned real estate professional, suggests that buyers and sellers ask potential agents about their experience, including the number of homes they’ve sold, their average sale price, and how long they’ve been in the industry. “Don’t be afraid to ask for references and testimonials from past clients,” Fulk advises.

In conclusion, the data clearly shows that real estate agent experience matters when it comes to achieving higher sale prices and faster transactions. Buyers and sellers should prioritize working with experienced realtors to ensure a smooth and successful home sale or purchase. As the housing market continues to evolve, the expertise of seasoned agents will remain a valuable asset for those looking to navigate the complexities of buying or selling a home.

Orginal article: Link To Article – provided by Kansas City Realtors