Whether you're buying or selling a luxury home at the Lake of the Ozarks, one of the first and most essential aspects of your transaction will be who to select as your real estate agent. The right agent will have a wealth of knowledge on the market trends, area pricing, and the latest technology for their industry. Choosing a luxury real estate agent at the Lake of the Ozarks isn't just about the logistics though, it's important to not forget about your gut feeling - if the knowledge is there but the feeling isn't, don't ignore your first instinct.
At Luxury Lake Home, we make it a point to stay on top of all industry and market research to provide you the best possible luxury home experience. Here are just a few questions to feel out your real estate agent when making the decision.
How Long Have You Been in Business?
While this isn't always a cut and dry way to analyze your agent, there are some outstanding agents that are new to the industry. However, typically speaking, an agent that has a long-standing career buying or selling luxury real estate provides peace of mind as they have proven themselves over time and continue to be successful. Agents are constantly expanding their education, but one of the most tried & true ways of gaining knowledge is on the job learning. The more sales and challenges that a real estate agent has, the more experience and knowledge will follow suit.
What Top Three Things Separate You From Your Competition?
Your real estate agent should be aware of what makes them stand out from the crowd in their market, so this question should be answerable quickly and easily. A successful luxury real estate agent will know exactly what their competitive advantages are in their market. Having an agent that understands their market and the most effective role they can play in your transaction is crucial for getting quality results. Having this question answered, understood, and out of the way can free up space or add direction for how the transaction will be navigated.
What is Your Best Marketing Plan for my Needs?
This question can be relative to the competitive advantage question above. An agent that understands their role in the market, and how to effectively distinguish themselves will likely understand just how to market your home to achieve the highest effective reach possible. Not every luxury home can be marketed the same way, each has its own unique factors that affect just where and how it should be marketed.
A good luxury real estate agent will understand the specific audience for your luxury home and market it as such. Through advertisements, both physical or electronic, types of photo/videography, and area expertise, your agent will strategically feature your listing or search for your ideal home in areas that make sense.
What is Your Average List-to-Price Ratio?
Of course, when buying or selling a luxury home you're going to want to get the best deal possible. If you're buying, this means getting the purchase for less than the listed sales price. Just as when you're selling, you'd want the highest sold price for your home. There is a fine balance between the ratios as a buyers agent will be looking to get you the cheapest price possible on your deal, while the seller's agent will be trying to keep the price high. While you don't need to put a great deal of emphasis on this, a general rule of thumb is seeking ratios that are near 100% for listing agents, and below 99% for buyers agents. This question opens up the floor to discuss your agents buying and selling success stories.
There are numerous other questions that could be posed when strategically choosing the right luxury real estate agent for the purchase or sale of your million-dollar home at the Lake of the Ozarks, but these are just a way to get started. Luxury Lake Home strives to provide the utmost luxury experience to each customer during the entirety of the real estate transaction and beyond. That's why we partnered with Berkshire Hathaway HomeServices, to allow us the resources needed to provide a competitive advantage for your luxury real estate services at the Lake of the Ozarks. If you have any questions regarding buying or selling luxury real estate at the Lake of the Ozarks, we'd be honored to speak with you.
MATTHEW SCHRIMPF
Berkshire Hathaway HomeServices
Lake Ozark Realty
Direct Phone : (573) 365-7333
Cell Phone : (573) 434-6026
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