To quote the old adage – with age comes experience – rings very true in real estate. To put it even clearer, about $25,000 for the average home in the US, which means that number is larger here in our NJ towns. The more experience an agent has, the greater the likelihood they will sell the houses they list, have homes on the market for less time and sell at a higher price. This makes sense…veteran agents, know their markets and have a solid network of buyers and sellers and most importantly know how to price your NJ Midtown Direct Line home, make any necessary staging recommendations to get it market ready and have a proven strategy to stir up interest to get your home sold for top dollar.
Bennie Waller, a professor of finance and real estate at Longwood University in Farmville, VA conducted a very interesting study on this topic. Mr. Waller looked at 10,065 real estate listings in a mid-Atlantic multiple listing service from March1999 to July 2009 and divided the listings into three groups. The first listed the agents who have been licensed for two years or less (rookies), the second are those agents licensed for up to 10 years and the third are the agents who have been licensed for 10 years or more (veterans). Of course, the study controlled property size and location. The findings were published in May 2012 in the Journal of Housing Research.
In summary, Mr. Waller concluded that experience pays off. The confidence and lessons learned over the years serve to get homes priced and marketed just right. We know the Midtown Direct communities and partner to buy or sell your home.