1. Negotiate on Your Behalf
Negotiation skills can always be taught, but the only way to put that theory into continuous practice is through experience. An experienced real estate agent will have been in many different negotiating situations under different circumstances and will have the benefit of that experience when dealing with your real estate needs.
2. Understand the Buyer
An experienced real estate agent will have dealt with home buyers of different personality types. An understanding of human behaviour in the context of real estate is an advantage to have, especially when it comes to reading a consumer's thoughts and actions that may possibly prevent a sale from happening or running smoothly.
3. Understand the Market
Experienced real estate agents know and understand the market. Having this industry insight can guide you in pricing your property correctly so that you'll get the return you deserve.
4. Repeat Business
Experienced real estate agents have spent time building a client base that new real estate agents don't necessarily have. This agent has many contacts and leads that they've worked with in the past and can guide them again in the right direction when other real estate needs arise.
5. Maneuver Around Legal Pitfalls
Having paperwork constituting legal contracts can be tricky and even precarious for the agent and the seller. Careful consideration of offers and the structuring of counter-offers is one thing not to be overlooked.
6. Industry Connections
Experienced real estate agents will have amassed more contacts with vendors and other representatives who work on the seller's behalf during the different stages of selling, especially in the closing of a sale. If an appraisal ever needed to be rushed or a problem with a title commitment ever needed to be rectified, the right agent will know just who to contact and how to resolve things efficiently.
7. Industry Specific Problem-solving
The more experience a real estate agent has, the more likely they've come across difficult or problematic situations for which they've found solutions to. These agents are better-equipped in resolving any issues with your matters, should they ever arise.
A real estate agent's reliability is often based on his or her own work ethic, but it also falls in with their stability on the job while your property is listed on the market.
Real estate agents will have power over the marketing and promotion of your property listing. Experienced real estate agents will know exactly what to do with that power. Entrusting the marketing of your listing to someone who has a significant client and customer base knows the how, where, and who to market your listing to, and will affect the results. .
10. Track Record
Most experienced real estate agents have a proven track record. One doesn't stay in this industry for that long without any success, so you know the ones that stick around will get the job done for you!