Professional Luxury Real Estate Strategy

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.

Need a Luxury Real Estate Agent To Sell Your Property?

If you’re trying to sell a luxury property, you don’t want to hire a realtor with limited experience. You will want to hire a skilled real estate agent that can help you to get a great price for your home.

Here are a few of the things you should do as you search for a realtor:

1. Reach Out To Their Recent Clients

Ask any realtor you’re considering to put you in touch with some of their past clients. Once they’ve given you the appropriate contact information, reach out to these clients, and ask them for more information. Find out how quickly their home sold, and what they sold it for. Determine whether their overall experiences are positive or negative.

Ask your agent to provide you with recent references. You don’t just want to work with a talented realtor. You want to find someone who knows how to make the best of the current real estate market.

2. Look For Awards

If you’re selling a luxurious property, you want to work with an agent that as the top of their game. Try to find someone that has received numerous awards from their peers. The competition for these kinds of awards can be fierce. If a realtor has received numerous awards, they are among the best in their fields.

When you are interviewing realtors, ask them about the awards they have received. If the agent has been given numerous awards in recent years, you will want to consider working with them.

3. Examine Their Current Listings

Take a look at the listings that the realtor currently has up. Examine the photos. How well is the home being presented? See how long the home has been on the market. Check to make sure whether the information provided is detailed and accurate.

If an agent’s current listings aren’t up to par, there is no reason to think that your listing will be any better. However, if a realtor can make all of their listed properties look great, they should be able to do the same for you.

4. Check Their Credentials

Selling a home is an art. The best agents have plenty of training and experience. Look for an agent that has a lot of credentials. Agents that have received a lot of extra training are a great fit for luxury homes.

You may want to hire someone that is a Certified Residential Specialist, or a person that is a member of the National Realtor’s Association. While these credentials aren’t essential, they reflect positively on an agent.

Selling a luxury property isn’t easy. These homes don’t sell to a broad market; they sell to a very specific set of clientele.

You need to make sure that the agent you hire has a strong understanding of the luxury market in your area. Work to find a skilled and talented realtor that will be able to work their magic on your property. They will be able to sell your home for the right price.