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Choosing a Luxury Real Estate Agent

July 13th, 2012 11:29 am

When buying or selling a luxury property finding the right luxury real estate agent is key. Real estate agents who specialize in luxury properties have connections. They may be able find a buyer without advertising. And they may be able to find you the perfect home even if it isn’t listed. Large sums of money are at stake in a luxury property transaction so having the right agent with the right contacts is essential. There are several ways to find the right agent.

Choose a real estate agent with experience in the specific kind of luxury property you are looking for. If you are looking for a high end condominiums, for example, then choose an agent who specializes in that kind of property. One way to find an agent is to inquire at some high end properties as they are likely to be used to working with these agents. For a luxury home, ask some homeowners associations in neighborhoods with luxury homes.

Another way to find a luxury real estate agent is to take note of the listings of luxury homes in the newspaper and online. If you see that a certain agent seems to be listing many of homes that you are interested, or you see his name on many of the signs in the neighborhoods that you prefer, then this is a sign that he is specializing in luxury homes.

Get referrals from coworkers, friends, or family members. If someone has had a good experience buying or selling a luxury property with an agent then they will gladly refer you. If a certain agent’s name keeps coming up when you ask people for a referral then this would be a good agent to check out.

Look for an agent with a firm that is known to handle luxury real estate. Depending on where you live a small boutique agency may have built a fine reputation for that market. In contrast the big players in the luxury real estate market where you are may be the large firms with many associates. If you choose a large firms look for the agents who win the top producer awards.

Interview several agents. Ask to see what properties they have closed the deals on in the last twelve months. Look online at their website. If you are a seller ask how they will market and promote your home. If you are a buyer then ask how they plan to find you the right home. Just using the MLS listings is not enough. Make sure they have the basics; their license, up to date training and work at real estate full time. Also ask if they are a broker or an agent. A broker generally has more experience and training.

Professionals in the real estate industry can often recommend the right agent. Ask home inspectors, mortgage brokers or even other real estate agents for their recommendations. Most people in the industry know each other and a real estate agent’s reputation will be known to them even if it’s not known to the public.

Some Things To Keep In Mind Before Buying International Real Estate

June 30th, 2012 4:13 am

While investing in real estate overseas is a good idea and finding international real estate listings is not a difficult task. It is a big decision to buy international real estate, especially if you are living in countries like the USA or UK. To ensure that you do not end up making a bad investment or costly mistake, here are some factors to consider before buying international property.

Rates of currency exchange

Rates of currency exchange can either enhance or pull down profit margins: If your aim is to purchase property overseas for investment, you must keep in mind that currency exchange rates can hugely affect profit margins.

While a strong currency value can enhance the profit, a weak one can pull it down substantially. It is, therefore, important to keep the value of currency in mind when buying and selling an international property.

Legal nuances

Legal nuances are different for every country: When you buy international real estate, make sure that you equip yourself with all the legal nuances and details of the country beforehand. The laws and regulations in a new country would be very different from what you are used to. Taking the help of a local legal counsel in the matter is always a good idea.

Touch with local realtors and professionals

It is important to get in touch with local realtors and professionals: Buying property in a new country can be very difficult no matter how experienced you are. It is, therefore, important that you seek the advice and counsel of local property professionals.

Before you start working with a realtor or a company, it is very important that you do a background check and ensure that the source is trustworthy and genuine.

One needs to go through the available options carefully: When you set out to purchase international real estate, you will first be presented with a list of international real estate for sale and the sheer number of properties can overwhelm you very easily. It is, therefore, important that you take the time to narrow down the options before actually setting out to assess each one. This will make things easier and more convenient for you.

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