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Why You Need a Luxury Real Estate Agent

Why You Need a Luxury Real Estate Agent

August 16, 2023
By: Staff

Why You Need an Experienced Realtor Who Knows the Luxury Real Estate Market

The real estate market includes many different types of transactions. These vary in complexity and cost. Luxury real estate tends to involve higher property values and more features and factors to consider.

A luxury real estate agent is a professional who works in high-end properties. These usually range in price from $5 million to over $40 million. The homes that are bought and sold feature premium materials and more amenities than the average house.

The luxury real estate clientele also tends to have different needs and expectations compared to those found in other parts of the real estate market. They prioritize upscale amenities as well as the quality and architecture of a home. They are also often concerned about location and what the local community has to offer them.

The high-end housing market usually favors a list of features and materials that are less common in lower-priced properties. These often include:

There is no one standard when it comes to amenities. Luxury and custom homes may have any combination of the above or other additional features. Researching available properties and amenities can be time-consuming and that's why it's best to hire a professional to do it for you. What will an experienced realtor do for your luxury home sale or purchase?

Maximize the Return on Your Luxury Home Investment

Whether you are buying or selling a luxury home, you want to get the highest return on your real estate investment. A professional is worth their weight in gold.

An experienced luxury real estate agent understands what's possible. They will negotiate on your behalf. This is what they do – it's a big part of what makes them good at their job. They know how to leverage amenities and wants or needs to get you the best price possible on the sale.

Your realtor will come into the negotiation armed with a wealth of information and most importantly, knowledge of the local real estate market. They can find comps, or comparable properties, to help prove the value of a home.

There's also a good chance that the buyer or seller you are working with will come into the transaction with a realtor. Not having a professional on your side will put you at a disadvantage.

Experienced Realtors Know What's on the Market

The luxury real estate market can be intimidating, especially when searching an area that's in demand. You want to find the best property possible that meets your needs. How do you know what's out there, so you don’t miss an opportunity?

Your luxury real estate agent will know what's on the market. They are likely keeping up with new listings already and will have access to resources that keep them in the know. They also build big networks that include other realtors, developers, and people who may be interested in selling or buying soon.

An experienced realtor will know how to find luxury properties that meet your needs quickly and efficiently.

Move You to the Front of the Line for Viewings

One of the perks of working with an experienced realtor like David Hersh is the connections they foster. Not only can they find listed properties, but they may also be able to get you in to see highly sought-after luxury homes that will move fast.

Your realtor may be aware of homes that will be joining the market before they officially do so. They can contact fellow agents or sellers and get you scheduled for a viewing as soon as possible. You can get there ahead of the crowd, which will give you the chance to see the property and decide if it is a good fit.

Their connections can also get you in touch with developers who are planning new properties and other service providers that you may need along the way.

Realtors Do the Time-Consuming Legwork for You

Time is money, and most people don't want to invest hours looking for the right property. A luxury real estate agent will do the time-consuming legwork for you. You won't have to skip business meetings or time with friends or family to find the right luxury home.

An experienced real estate agent will discuss your needs and help you make your vision a reality.

Luxury Real Estate Agents Know the Laws and Regulations

Property sales are legal transactions, so you need to know the related laws and regulations. A luxury real estate agent will already be privy to this information and can guide you along the way. They can warn you about any legal red flags that you may come across when interacting with a potential buyer or seller.

Following the law is essential to a smooth home sale. It's also important to know local regulations and building codes if you plan to make changes or use your luxury home for specific purposes. Talk to your luxury realtor to learn more about the legal side of the transaction.

A Personalized Luxury Home Buying or Selling Experience

Home buying isn't a one-size-fits-all process and this is especially true in the luxury home market. The HERSH24k Luxury Properties team will tailor the experience to you. They will listen to your needs, wants, and expectations and do their best to meet them. They can also discuss alternatives or help you find solutions if exactly what you seek isn't available.

This personalized experience from HERSH24k Luxury Properties makes all the difference when searching for luxury properties.