How much does the experience of a real estate agent worth?

Can you put a price on experience? In real estate, you can, based on a article published by the Wall Street Journal and it is about $25,000 for the average house.

Experience, knowledge, vision and attitude are the main success factors in any business and real estate is not an exception.

Experience comes with dealing with many different situations and learning from each step along. The more different and harder situation, the more experience obtained. Though experience in most cases is directly related to the number of years in that business, but is not necessarily true all the time. For example, somebody that has done the same thing over and over the same way for 30 years could have less experience than a new person who has been in the business for a couple of years but has dealt with many un-usual, different and hard situations.

How much an experience worth in a deal? It depends on the type of the deal, difficulty of the case & conditions, size of the deal, other side’s agent/attorney/etc.  For example, suing a large company could involve and demand Millions of dollars for damages, where as in other simple individual cases might be a couple of ten thousand dollars.

Now the question is can you put a price on experience? And if the answer is yes,

How much does the experience of a real estate agent worth?

About three weeks ago, on September 12th 2013, The Wall Street Journal published an article that showed based on a study from Longwood University, the price of real estate experience is about $25,000 for the average house. The study was based on 10,065 real estate listings in a mid-Atlantic MLS (multiple-listing service) from March 1999 to July 2009. Please see the entire article at: http://online.wsj.com/article/SB10001424127887324123004579057500395585922.html     OR

http://www.texasfivestarrealty.com/documents/Real_Estate_Experience_Price_25K.pdf

Veteran real-estate agents vastly outsell their rookie counterparts, according to the study

That is why homebuyers and sellers need experienced real estate agents or REALTORS®!

With the pride of living over 33 years in Plano, I am proud to serve as your Professional Real Estate Consultant and guide you through the selling, buying and leasing process, help you locate a suitable site for your business, provide neighborhood demographics and schools information, and more information. Mobile: 214-457-7055 Fax: 972-596-7984 email: Bahman@TexasFiveStarRealty.com www.TexasFiveStarRealty.com   Contact us about your Real Estate Questions