Four Advantages to Hiring a New Real Estate Agent

With mortgage rates at historic lows and the homebuyer's tax credit about to expire, it's time to jump into the housing market if you have been considering that new home. But what do you do about finding a real estate agent? Do you want to find one who has several years of experience or do you want to find one who is new so you can save money? There are several advantages for both, but here are four advantages of hiring a new real estate agent for your home buying needs.

New Agents are Usually Less Busy
In most circumstances, a new real estate agent has not built up a clientele. It can take years for that to happen so they are willing to take new clients all the time. In some cases, you may even be the realtor's only client depending on how long they have been in the business. As a result, you can expect personalized attention because they are eager to keep you as a client and they do not have to split their time up as much among different clients.

Newer Agents May be Less Expensive
In order to create a client base, a new real estate agent may charge a lower commission just to attract more business from potential home buyers. There are two ways to look at this, however. One way is to look at it as though you are getting a "good deal" by hiring a real estate agent that will work for cheap. The other way to look at it is that you are "getting what you pay for," but it will be up to you to make that decision.

New Agents Tend to Be More Competitive
Real estate agents who are new to the business will tend to be more competitive because they have more energy and a willingness to please their customers. This is true in many businesses, but real estate agents are a different kind of breed. What this means for you is that you will probably save money on the purchase of the home.

New Agents are More Open
If you have dealt with real estate agents in the past who have been doing this for many years, you may notice they are more "salesy" than they are customer oriented. New agents, however, are usually committed to dealing with clients in a personal way. For home buyers, this can be very refreshing because it makes them feel more like a person rather than a customer.

If you are trying to make the decision between a new real estate agent and a seasoned one, consider these four advantages. When in doubt, you will just have to follow your gut feeling and choose the one that you think is right for you.