Talk to a Realtor today and you will find that most folks in the industry are having a difficult time. This may not be the case with Realtors specializing in the Sacramento Luxury Real Estate market. Agents who work in this price point realize that a home will generally not go pending in a matter of days. Selling a million dollar luxury home in any area takes dedication, a solid know-how, and maybe most of all, creativity.
Realtors and sellers alike are noticing the importance of out-of-the-box thinking. Simply putting the property in the MLS and placing an ad in the newspaper just isn’t going to cut it these days. Industry experts realize that high-end buyers aren’t looking to be “sold," they are looking to find a property that meets their expectations of a lavish lifestyle. So for the luxury real estate agents whose job it is to market these estates, they must know how to reach out to buyers who are looking for much more than just a place to sleep.
Reaching the right demographic is obviously the key, but it must come along with many other important factors. Even in the most beautiful layout, a home without proper “show" is not going to capture a buyer’s eye.
Staging is the first step. Sacramento Luxury home buyers don’t want to see a cluttered dining room, personal photos on the walls, or mismatched furniture. With hundreds of homes for sale in the luxury market, buyers need to be able to picture themselves living, working, and entertaining in the property. Luxury Realtors are encouraging their sellers to spend the extra time and money to truly get their home ready for show. In this market, everything counts!
Photography. Now, why is this important you ask? Most luxury home buyers don’t simply drive around looking for homes to tour. Buyers will find high gloss publications specializing in luxury homes, browse the internet, and will work with a Realtor who will find them homes to show from the MLS. Say you have two nearly identical homes in the same neighborhood- same approximate square footage, similar upgrades, and same curb appeal. What can make one home stand out above the rest? Beautiful photography. Time of day, the orientation to the sun, and lighting, can make a million dollar home look anywhere from average to amazing. Remember, luxury buyers aren’t all about necessity. Even something as simple as an eye-catching photograph can be enough to give one home a slight lead above the rest. Photography is definitely not the place to cut corners.
So, now you have beautifully staged home, fantastic photos, and a knowledgeable luxury real estate agent. It’s now time to reach out to qualified buyers. Besides the MLS, and the agent’s website, where are those affluent buyers going to come from? When placing an ad in a magazine, Realtors and sellers need to decide which publication is going to reach out to the most qualified buyers for their price point. Is a person looking to spend $1,000,000+ on a home going to find that property from a publication in a box next to the grocery store? Probably not. Realtors today are finding that the most effective print marketing is coming in the form of direct mail. This is when the publication is sent directly into the mailboxes of qualifying homes.
Remember that the goal is to draw in the buyers, not make them seek out the property on their own. This is what marketing is all about, reaching qualified potential consumers.
All in all, even in this hesitant market, luxury homes are going to sell. It may take a bit longer, it may be a bit more work, but with the correct Realtor and the correct marketing plan, people will continue to buy and sell property as they have done for hundreds of years.
Luxury Homes In Canada
How to Distinguish a Luxury Home
The luxury home market is usually defined, depending on the local market, as the top 10% of homes listed by asking price or homes listed above $500,000. Something that makes luxury home sales different from others is that each property often requires its own marketing plan. Another difference is that the buyer is more likely to be from out-of-town or state, often more than 500 miles from the location of the property.
Traditional Marketing for Luxury Property
Placing ads in newspapers, local real estate guides, and running open houses is not the most practical approach to reach potential buyers of these homes. These tried and true techniques of selling homes often do not reach people genuinely interested in purchasing high-end luxury properties. Rather, they often attract people who are described as interior decorating tourists or just those curious about what's inside these stunning homes.
List a Luxury Property Easily
In addition to multiple listing services (MLS), the Internet is also home to a variety of sites offering other ways of listing real estate for sale. There are listing sites that sell nearly everything imaginable and others that are exclusive to homes and property.
With the ability to include detailed description of a luxury home and its amenities as well as photos and, sometimes, virtual tours or at least a link to drive traffic to an external site for more information, these sites are very economical to a real estate agent's advertising and marketing budget. Some offer free listings or charge a nominal fee while others charge more for deluxe features.
Websites Where Luxury Property Can be Listed
Craigslist(dot)org is one example. Anyone can list almost anything, including real estate, largely for free. Craigslist(dot)org is a collection of some 30 million online classified ads in 450 markets in all 50 US states, and over 50 countries. With billions of page views each month, craigslist(dot)org is one of the most visited English language sites.
There are sites that are more specific to buying and selling real estate. One example is houselist(dot)com. This site has different levels of listing from free to several hundred dollars annually. Each level includes more selling features for an unlimited number of listings. Like craigslist(dot)org, houselist(dot)com is searchable by state and city or by country.
Another option is to use an auction site. eBay is probably the best known of these online companies. Listing expenses are generally linked to the value of the item for sale. There are nominal insertion fees for posting the item on the site. When the item is sold, additional fees are applied amounting to a percentage of the value of the sale.
When developing a marketing campaign for a luxury property, consider listing it online. The Internet is an ever-growing and changing wealth of advertising and networking opportunities that should not be overlooked. It is the latest twist on the "six degrees of separation" that many real estate agents and brokers rely on, especially when selling high-end luxury properties.
Both Jhon Smith & Jerry Work are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Jhon Smith has sinced written about articles on various topics from Online Surveys, Recipes and Business Loans. Author owns a website, where you can find volumes of info on Sacramento Luxury Homes online. You can visit his website for complete information on. Jhon Smith's top article generates over 14800 views. Bookmark Jhon Smith to your Favourites.
Jerry Work has sinced written about articles on various topics from Blogging, Home and Internet Marketing. http://www.HighEndCrazy.com is the ulimate free online auction site. The site features . Jerry Work's top article generates over 18100 views. Bookmark Jerry Work to your Favourites.
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