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When you have a million-dollar home to sell, don’t just get any real estate agent. The same goes if you are buying a million-dollar home. It would be best if you had a real estate agent that does more than think like a millionaire. When you choose a real estate agent who has never sold a high-end home, your listing could end up sitting on the MLS for too long.
Multi-State Listings
Because those who can afford your home are probably limited in your hometown, you need a real estate agent who is able to list your property in several states. The agent should be able to list your home on some of the larger cities’ MLS listings, including New York City, Dallas, Los Angeles, Boston and other large cities. The agent should also know which counties in different states tend to have a higher number of rich people and post the listing on the MLS for those areas.
Knowing Brokers
Your real estate agent should have a list of brokers that represent buyers and sellers of million-dollar+ properties. As soon as they get your listing, they should be on the phone with these brokers to let them know they have a high-end listing. When the agent contacts these brokers, they should be asking about buyers in the market for high-end homes.
Buying a Million-Dollar Home
Chances are, you are not interested in looking at pictures and driving by homes with signs out front. Your real estate agent should be emailing you with listings that they think you might be interested in, even if those listings are in another state – unless you specify that you want a specific area only.
If you are in City A, you might find a few high-end homes, but they may not meet your specifications. If you are ready to move, the agent might find a home in another nearby city – but that agent must look in other cities. It is the same as with states. If you are the type who wants the house you want, no matter where it is, your agent should be in contact with brokers in areas that sell high-end real estate.
Keeping It Simple
Whether you are buying or selling a million-dollar+ home, a real estate with contacts makes all the difference in the amount of time it takes to sell or find the perfect home. In the right market, you could sell your high-end home much faster than average if your agent has a list of brokers with high-end buyers.They’ll reach more buyers at one time by knowing how to play the game.
Likewise, for buying – instead of looking at 10 homes that are not even close to what you are looking for, an agent with contacts will be able to find your home faster.
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