Welcome!




Expand Your Education with These Courses from
Business Creation - Prospecting: Skills for Sales Success: Part Three.
Negotiating Skills: Skills for Sales Success: Part Six.
Bundle 1: CIPS Core Courses (Non-US Version).
Bundle 2: CIPS Elective Courses (US Version).
Bundle 3: CIPS Institute (US Version).

Winning in the Luxury Market: Do You Have What It Takes?

Have a comment on this article? Share on Facebook!

By Joseph Dobrian

Joshua - 128219

Snowmass, Colo.; $75,000,000 – Joshua & Co./Luxury Portfolio Intl. WEb ID: LIZV

The highest end of the luxury real estate market has long been the domain of a very few, well-connected brokers. However, now that the wealthiest buyers are out and looking again, some mainstream real estate firms hope to make $3 million-plus transactions a bigger part of their business.

Top brokers agree that success at the high end goes to those who can bring maximum value-add to their relationship with the client, in terms of information, service, and marketing know-how. Global reach, exhaustive market knowledge, and canny use of both electronic and print media are vital. Persistence is indispensable. Above all, connections count. The more access you have to the affluent buyer/seller, the more business you’ll do.

“The luxury market is very different from 20 years ago, when you could assume that your buyers would be coming from within a few miles,” says Alain Pinel, senior vice president/general manager of Intero Prestigio International in Menlo Park, Calif. “Now, buyers can—and do—come from anywhere, and they can buy anywhere. If they want something here, they’ll be open to the idea of buying on an island or on the Riviera.

“If you ask 100 brokers, ‘Are you able to reach the market globally?’ most will say yes, but in fact maybe just two of any hundred really have the means,” Pinel continues. “Putting properties on Zillow or Trulia isn’t enough; making your website accessible to anyone all the time isn’t enough. Those aren’t the media your target buyers are looking at. You have to use special newspapers with continent-specific editions, special magazines, etc., and you must be a member of a substantial global marketing network. If you don’t have this, you’re out of luck.”

Continue Reading 1 2 3 4 5

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>