Buying a luxury property is likely to be one of the biggest investments of your life. Along with the high cost, there are so many things you need to consider when buying a luxury property. What makes this type of property so valuable is a combination of the quality, size, location, and features of it.
Luxury properties are usually located in well-established suburbs where average house prices are well above average (over two million). These properties are usually situated on blocks as big as 450 square metres and can have over six bedrooms spread over two floors. Features of a luxury house can include things you won’t find in your average house like a tennis court, spa, swimming pool, private cinema, or even a private gym.
Before purchase, any property should be thoroughly assessed to determine its true value. This assessment is just one of the main reasons why people rely on the services of a Luxury Property Buyer’s Agent. These professionals are effectively the same as a Property Buyer’s Agent only they specialise in dealing with properties that are classified as a luxury property.
Choose the right Luxury Property Buyer’s Agent before you start hunting
So what does a Luxury Property Buyer’s Agent actually do? A Luxury Property Buyer’s Agent is a licensed professional that specialises in searching and evaluating property. They can also assist with negotiating the purchase of a property on your behalf. So a Luxury Property Buyer’s Agent can guide you through the entire process of searching, evaluating, and purchasing a luxury property.
Like any profession, no Luxury Property Buyer’s Agent is the same. Some are better than others. Some will only specialise in certain types of luxury properties or certain locations. Some might have better experience or credentials than others. You should take all these factors into consideration when you’re looking for and dealing with a Luxury Property Buyer’s Agent. To help you find the right agent, we’ve come up with the most important questions you should ask.
If your Luxury Property Buyer’s Agent hasn’t secured many off-market sales in the last two years then that could be your first sign they’re not really experienced with selling luxury property. So it’s definitely worth asking a buyer’s agent how many off market luxury listings they can show you.