Choosing the Right Miami Real Estate Agent
If you own property that is valued at $1 million or more you are considered to be in the Luxury Real Estate Market and you will want to find the right real estate agent that is skilled at selling luxury real estate properties who can help you meet your requirement of not only selling your property quickly but also realizing the highest return/profit. As you can imagine, buyers are limited, fewer people will have over seven figures or will qualify to invest in a luxury home. That’s why you need to work with the real estate agent that understands this, and has connections to people that would be looking for a luxury real estate property.
The following tips will help you find the best Brokerage business and Realtor in your area that deals in the Luxury Real Estate Market.
The first step of the process is to consider the background and track record of the different real estate agents in your area. For example, if they have been working with luxury properties for well over a decade, they are doing something right. If they can show some of the properties that they have sold in the past, you should have no problem at all selling yours as long as it is priced correctly and it is in good condition. A qualified Realtor experienced in selling Luxury Homes will be able to recommend the proper selling price point range by analyzing comparable properties in your neighborhood. A good strategy to use is to choose a price that will just undercut your competitor’s pricing that can still provide you with a profit. This particular strategy is effective and can be applied only if you are willing to take slightly less than the lowest-priced comparable home in your area. This strategy can help you move a property quickly, especially when you are working with a luxury real estate agent with the proper database of contacts and connections.
Ask About Their Commission
The amount of commission a Luxury Real Estate company charges can vary, customarily Brokerages charge between 6% and 8%, plus or minus a percentage point or two either way. It depends on the reputation of the company that you are working with, and how quickly they can move your home showing a track record of previous success examples. Even if they do charge an extra percentage point, this will be $10,000 or more if it is a million-dollar home. This is a small price to pay for having someone competent enough to sell your house in the span of a few days or weeks, allowing you to get the cash flow that you need either to retire or to reinvest into your business.
After you have done your homework and have assessed a few different real estate companies and agents in your market, and you looked at several competing luxury real estate properties in your area you should have a good sense and realistic expectation on who the ideal agent you want to work with is and a pretty good idea of how much your property is worth as well as how comfortable you feel at your asking price. This may seem like a lot of work but once armed with this information you will have the knowledge and confidence to easily pick the best Real Estate Agent that will work with you to accomplish your goals and can become a valuable professional team member on all your future Real Estate needs.
Best of all, when you do choose the right Realtor and develop the relationship of trust needed for a successful transaction, you will come to realize that the advice and guidance you receive from the trusted agent is a priceless resource you can enjoy time and time again in all future Real Estate transactions.
It’s a win-win scenario for both of you, but it’s only by doing this research and asking the right questions that you can find a top luxury real estate agent you will be comfortable working with.