Working with Realtors; Does Experience Matter?
Experienced real estate agents have significantly higher success rates and sell their listings for an average of $26,000 more than those listed with rookie agents.
According to the National Association 2013 Member Profile Report:
- The typical broker had 12 transactions in 2012 compared to 10 in 2011.
- The typical agent had total sales volume of $1.5 million in 2012.
- Most reported having 1 transaction involving short sale or foreclosure in 2012.
- The typical member has 13 years of experience
- Realtors with 16 years or more experience had a gross median income of $57,300 (31% more than the average) compared to $9,700 for Realtors with 2 years or less experience.
- The median business expense rose in 8.4% 2012 to $4,900, up from $4,520 in 2011.
- The typical Realtor is a 57 year old white female who attended college and is a homeowner.
- Realtors spent a median of $200 to maintain a website in 2012.
- Most commonly found information on those websites was information about the Realtor and their own listings.
- 12% reported having a blog while 56% reported using social media.
- Members typically brought in four (4) inquiries and 4% of their business from their website.
Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183
Very good and concise information. You must give me advice with video blogging as I have been wanting to do it, but have yet to start. I think it could be good for business.
Thanks Steve! If Content was King in 2012, video is King in 2014! I actually just this evening scheduled studio time next week to record three new videos. I’m happy to connect with you one off to talk strategy, perhaps we can do a google hangout sometime.