Real Estate Network

Posts Tagged ‘Buyers’

Luxembourg (PRWEB) November 17, 2011

EuroDNS today announced the deployment of Afternics unique Instant Transfer technology for domain sales. Effective immediately EuroDNS website allows its customers to purchase a secondary market domain name directly from the Domain Listing Service (DLS) of Afternic. The integration also means that domain name owners registered at EuroDNS wishing to sell their domains benefit from direct access to more than 50 million prospective buyers that access Afternics DLS each month.

Through our partnership with Afternics DLS and the launch of the new Instant Transfer technology we are delighted to offer our customers immediate and direct access to premium domain names, said Lutz Berneke, the recently appointed CEO of EuroDNS. All buyers and sellers will benefit from the new platform, which represents for domain buyers a one-stop-shop to the world’s largest domain portfolio, and for domain sellers access to the best global platform for listing their name for sale.

As domain names continue to be the centerpiece of effective online marketing, buyers looking for just the right name for their business are increasingly turning to the secondary domain marketthe market for pre-registered domains offered for sale by their owner. Afternic has built the industrys largest global network for the trading of secondary market domains and

EuroDNS is now fully integrated into the purchasing system. This way, buyers are able to order pre-registered domain names directly from within EuroDNS API. All that is required is to add the premium domain names in ones shopping cart for customers to buy that secondary market domain name instantly. No need to go through any additional administrative measures that other, legacy marketplaces require; the whole process is automated so that customer wishing to opt for premium domains can do so smoothly and effectively following the same simple steps needed for the registration of a primary domain name.

The benefits of this new service are manifold, said Jason Miner, the General Manager at Afternic. Not only can domain buyers start tapping into millions of the worlds best domain names and complete the transaction in record time thanks to this Instant Transfer technology, but that very functionality makes domains more appealing to retail buyers because the transaction is effortless, and gives the buyer immediate access to and control of the name purchased.

With branch offices throughout Europe as well as America and Asia, EuroDNS has established accreditation with over 70 registries worldwide offering more than 300 international domain extensions. EuroDNS customers had therefore already countless options to choose from when registering new domains. With the addition of the inventory of millions of secondary market domains from Afternics DLS, EuroDNS will be one of the first in Europe to offer this opportunity for domain buyers to easily search and buy a premium domain name. Likewise the implementation of Afternics DLS now enables domain owners to be connected to more than 50 million prospective buyers every month. Following a simple registration process, owners of domains registered with EuroDNS have the opportunity to list their domains for sale on Afternics DLS. Doing so will allow the names to be displayed on the search results to prospective buyers at EuroDNS but also under every domain registrar connected to the Afternics DLS, including six of the top ten registrars globally. Such wide exposure brings additional value and liquidity to the domain aftermarket while eliminating barriers to sale, increasing returns for domain sellers.

For more information on NameMedia and EuroDNS, please go to: http://www.namemedia.com and http://www.eurodns.com

About Afternic and NameMedia

Afternic is the industry’s leading full-service domain marketplace, delivering the highest sales velocity and highest average sales price to people interested in selling domains. Afternic is part of NameMedia, a leader in the acquisition, development and trading of digital real estate through a network of highly targeted websites and a marketplace for premium domain names. The companys website development focuses on creating compelling online communities in niche categories. The companys marketplace allows owners of premium domain names to list their domain properties for sale, and for domain buyers to review the largest available inventory. Through its ownership of one of the largest domain portfolios in the world, its innovative website development platform, and its broad distribution, NameMedia now serves more than 50 million visitors to its network of websites and sells domains to customers in more than 100 countries. Headquartered outside Boston in Waltham, Massachusetts, more information is available at http://www.namemedia.com.

About EuroDNS

EuroDNS is a Domain name Registrar specialized in International Domain extensions. Based in Luxembourg with branch offices in Europe, the USA and Asia with AsiaDNS, EuroDNS serves a large variety of clients ranging from SMEs to some of the worlds largest Domain Investors and offers dedicated naming solutions to Trademark holders. By strongly participating in leading industry forums including ICANN and the International Trademark Association, EuroDNS seeks to promote e-Commerce and wider Internet adoption. http://www.eurodns.com

Contact Person: Isabelle Vekemans

Marketing and Communication Manager

Austin, TX (PRWEB) November 14, 2011

Regent Property Group has created an extensive and informative luxury home lingo index, differentiating itself yet again as the best choice for luxury real estate in Austin, Texas. Designed to make the home buying process easier and more transparent, the page includes pictures to help clients visualize the types of products and features available in upscale homes, typically priced at $ 1 million and above.

Demystifying the real estate market and providing quality client experiences are overarching goals of Regent Property Group, said founder Brian Talley, who devised the idea of adding a luxury lingo glossary when he noticed his high-dollar clients were being introduced to so many new available features that were not part of their home buying terminology.

I want to help potential clients browsing MLS luxury home listings fully understand what these homes offer, said Talley, Austins premier luxury home expert. We want to ensure that the people who count here, the clients, understand the plethora of options and upgrades available in the luxury real estate market. Real estate terminology is different in many ways, he said, because Austin’s market has distinct features compared to other real estate areas around the country and world.

Browsing home listings can be daunting, whether its a jet-setting bachelor looking for a helipad and a theatre room, a health-conscious couple looking for an infrared sauna and a saline pool, or a family searching for invisible appliances, a home gym, and a dumbwaiter to make its hectic life simpler. The luxury lingo page takes all upscale buyers into account and includes features that may be found in a starter $ 1 million property in River Place or a $ 12 million ultra-luxury home on Lake Austin.

The alphabetized index covers terms that range from architectural styles to elements of design and increased functionality to high-tech home improvements. It is inclusive of styles and locations, such as lakefront, lake view, hill country, gated, golf course, and more. The page will be updated continually by Regent Property Group as new features begin appearing in the real estate market. Regent Property Group is considered the best luxury home team in Austin.

About Regent Property Group

Brian Talley is the founder of The Regent Property Group. He is ranked in the top 1% of selling agents out of the 5,313 Austin Board of REALTOR

(PRWEB) May 24, 2011

The Chinese Drywall Complaint Center is the most quoted source in the United States on toxic Chinese drywall foreclosures in Florida. They are also the most quoted source related to toxic Chinese drywall remediation for Florida home foreclosures, and or banks selling toxic Chinese drywall foreclosures in Florida, with As Is, being the only disclosure. The group says, “One of our biggest problems with the toxic Chinese drywall disaster is educating potential home buyers about toxic Chinese drywall home foreclosures, especially in Florida. Our service is specifically designed to protect a home buyer from unknowingly purchasing a quote unquote-As Is-toxic Chinese drywall home or condominium bank owned foreclosure in Florida. This service is also designed to assist potential home buyers, and their real estate agent negotiate a much, much better purchase price from the bank, or loan servicing company foreclosure department, in the event toxic Chinese drywall is discovered, and the home buyer wants to remediate the home.” Anyone serious about purchasing a home foreclosure in Florida, especially if the home was built between 2004, and 2007 should use the Chinese Drywall Complaint Center’s inspection, and or their buyers service. For more information please contact the group anytime at 866-714-6466, or contact the group via its web site at http://ChineseDrywallComplaintCenter.Com

For those wondering if its possible to, fix and get financing for a Florida toxic Chinese drywall home foreclosure, the Chinese Drywall Complaint Center says, “Yes there is a special federal mortgage program called a 203-K, that will allow for the purchase of a toxic Chinese drywall foreclosure, and provide for money to remediate the property. The key element to this 203-K program is the home must be owner occupied, and the home value post remediation must be comparable to similar non toxic Chinese drywall homes in that specific real estate market.” If home buyers, or real estate agents want a further explanation of this program, they are welcome to contact the Chinese Drywall Complaint Center anytime at 866-714-6466, or they can contact they group by way of its web site at http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says,”On the topic of Chinese drywall remediation, or Chinese drywall remediation contractors anywhere in Florida, we have endorsed JJ Staten Homes as the go to Chinese drywall remediation contractor, because they do it right. We believe JJ Staten Homes remediation protocol is the most sensible, and thorough in Florida, for Chinese drywall homes. JJ Staten Homes Chinese drywall remediation protocol includes removing the old toxic Chinese drywall, removing all remaining dust, or drywall particles, replacing the electrical wiring, completely wiping down the home, and then chemically treating the interior of the home, and chamber testing the wood, and concrete block to make certain the hydrogen sulfide is gone. Anyone not doing this would be insane. This includes any homeowner involved in this Knauf Tianjin mess, or a homeowner simply wishing to get their Chinese drywall home repaired properly.” They say, “We appreciate everyone’s desire to go really cheap on a toxic Chinese drywall repair. However, if its not done right the first time, you will have to repeat the process over, and over again. We say do it right the first time.” For more information about JJ Staten Homes Chinese drywall remediation contractor services please call them at 800-481-1961, or contact them via their web site at http://www.jjstatenhomes.com/

(United States District Court-Eastern District of Louisiana MDL Case #2047)

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Austin, Texas (PRWEB) November 15, 2011

Regent Property Group has released a detailed profile of the Lago Vista community, The Hollows, located a short 30 minutes from Austin, to give prospective home buyers an idea of the lush amenities waiting a short drive from the rush of city life. Northwest Austin shares shoreline with Lago Vista along Lake Travis, where The Hollows development is located. The luxury home community doubles as a secluded homestead for Austinites seeking a peaceful retreat in the hill country and as a vacation spot for city dwellers who want an escape to nature they can reach before dinner time. The master-planned development spans 1,400 acres, and boasts over 18 miles of scenic hiking trails, a marina, a Beach Club, dining and bar-b-que facilities, swimming pools, and an array of private amenities available to property owners.

Brian Talley, the founder of Regent Property Group, is an expert on this hill country resort property, providing video tours and online information for those interested in real estate in beautiful Lago Vista, home to The Hollows community. Set apart from the city, the sense of a small town combined with proximity to Austin and the beauty of the lake, woods, and hills is tough to beat in terms of desirability, said Talley about the communitys draw.

The profile of the community includes detailed information about each amenity, including The Hollows Beach Club, a prime place for relaxing or spending time with friends and family. Active residents can wait until the evening to wind down at the Beach Club, as daytime offers volleyball, swimming, kayaking, boating, fishing, hiking, biking, and a fitness center to keep nature lovers entertained for a lifetime. A large covered marina housing motor boats, jet skiers, and sail boats is also available for property owners to house their water craft, refuel, or have a scenic picnic. Lake Travis has over 60 miles of shoreline to explore, most of which can only be reached by watercraft.

If escaping to a peaceful retreat every day sounds enticing, contact an Austin Realtor to see what Austin lakefront living has to offer.

About Regent Property Group LLC

Brian Talley is the founder and owner of Regent Property Group. He is ranked among the top 1% of selling agents out of the 5,313 Austin Board of REALTOR

New York, NY (PRWEB) June 23, 2011

According to RealtyPartner.com Research and Development, buyers from European countries like Spain , France and Italy and buyers all over the world are now taking advantage of the cheap US real estate market by investing heavily, as they believe that the values will go up in another 5 years, according to RealtyPartner.

The US real estate market is doomed; real estate price throughout the country is still on a free fall and there are no signs of the US real estate market recovering in the near future.

“The cheap real estate market surprisingly has now attracted number of foreign buyers, who are considering investing heavy in the US real estate market.” stated Mark Quinones, RealtyPartner’s Chairman and Founder past weekend at his investment seminar in New York City.

The reasons for foreigners to buy US real estate are simple; the prices are dead cheap and they can pick the best real estate they want without any conditions what so ever. Recent statistics released by RealtyPartner states that about $ 16 billion worth US real estate properties are bought by the foreign buyers, with 62% of the homes for sale properties being bought in cash.

Foreigners think that it is easy for them to market and sell the real estate properties bought as US has global reach. Many foreigners who live in the US are dying to buy a house for themselves as they consider it as an important accomplishment in their lives. Although the real estate market is sluggish, one can always sell their real estate (without expecting high price of course), if they are badly in need of cash.

People from Canada and China are the ones who have bought the highest number of US real estate, a statistic says. This buying spree may well lead to another real estate boom or at least will create new opportunities for local realtors who find it very hard to sell real estate properties In and around their area.

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Long Island, NY (PRWEB) November 17, 2011

NY real estate appraisal experts Appraisal Source reveal a new trend in the real estate market. Previously only used by buyers, now home sellers are paying for their own independent real estate appraisals prior to putting their homes up for sale.

Homeowners have traditionally relied on real estate agents to guide them in the pricing of their home, while real estate appraisers are usually associated with the home buyer and their mortgage lender.

However, in these uncertain times when every dollar counts more homeowners are opting for the opinion of an independent professional real estate appraiser to help guide their critical pricing decisions, reports New York appraiser Appraisal Source.

Why is a correct home valuation so critical?

Most real estate professionals would say that pricing a home too high can be as damaging as pricing it too low. Sitting on the market for too long can make a property less appealing to potential buyers.

Choosing the right price can be a very difficult decision. The key is to find a balance between optimizing revenue while also still being competitive with the other homes for sale in the market.

It all starts with one important question: “What is my home actually worth?”

To sell a home in a reasonable period of time and get as much money for it as possible sellers need the most accurate possible answer to that question.

So, who should a seller trust to answer that question – a real estate salesperson or a real estate appraiser?

Traditionally, homeowners have turned to their real estate agent. But that is changing, as they realize that agents are not only less qualified to value a home, but it is also in their interests to sell the home for less than it is worth.

In most states in the U.S., a person with absolutely no real estate experience can become a fully licensed real estate salesperson in a matter of weeks, while it typically takes a minimum of 2 – 3 years for someone to become a fully licensed real estate appraiser.

Critically, while the average real estate agent sells less than 10 homes per year, an average real estate appraiser will typically value 200 – 300 individual homes over the same period.

The bottom line is that the average real estate appraiser is likely to have far better training and far more experience in property valuation than the typical real estate agent.

Are my agent’s interests aligned with mine?

It is easy to assume a real estate agent will naturally put the seller’s best interests first. A real estate agent works on commission, so they only get paid if their client’s home is sold. And the more it sells for the more commission they get. So surely the agent will push for the highest sale price.

Because of the commission structure in and between most real estate offices, even though you might agree to pay your agent a 5% commission for selling your home, in reality, they will often end up receiving as little as 1%.

Say a real estate agent prices and sells a house at $ 500,000.

With a typical commission agreement of 5%, the commission paid to the real estate agent is $ 25,000. But the listing agent’s office usually only gets half of that – so, $ 12,500 goes to the listing agent’s office and the other $ 12,500 goes to the office of the agent that brought the buyer to the house.

Further, the listing agent usually only gets about half of the money that was paid to his or her office (the rest goes to their broker). That leaves the agent with only around $ 6,250 – or 1.25% of the actual selling price.

What if the agent priced the same home for $ 520,000… $ 20,000 more than in the first scenario? The agent will only make about an extra $ 250 for earning the seller an extra $ 20,000.

In his paper How Much Value Do Real Estate Brokers Add? A Case Study Stanford economist B. Douglas Bernheim finds that…

Because the relationship between the homeowner and the broker resembles a classical principal-agent problem, the broker may not deploy services in ways that promote the sellers interests. (http://www.nber.org/papers/w13796)

“The truth is, there is little incentive for the real estate agent to fight to sell a home for its true market value. It is easier and safer for your agent to price a home beneath its market value, in order to make sure it gets sold and they get paid,” says appraiser Kevin Donegan. “That’s why we are getting more requests for home appraisals from homeowners than ever before.”

Source: Appraisal Source, Appraisal Source

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Las Vegas, NV (PRWEB) November 23, 2011

Retirees may be the most discerning investors in America today making their buying habits popular among all age groups looking for signs of advise in an unstable economy. New sales reports reviewed by LasVgeasRealEstate.org show that retirees may be making Las Vegas homes for sale the #1 choice for buyers and investors for stability. In the last 90-days, Las Vegas homes and condos hit a 5-year high in transactions due to the great deals on bank foreclosures with over 50% of those sales all-cash.

Ashley McCormick of Realty One, Nevada’s number one real estate company, says that the most common statement she hears from retirees is “even if the economy get’s worse, at least I own my home and have a place to live”. McCormick who has been in the industry for over 15-years has seen an increase in demand for active adult communities such as Las Vegas Sun City homes due to the lifestyle they provide. Most of these communities offer some of the top golf courses with state of the art fitness centers, pools and spas with prices starting at just $ 100K.

These communities also allow the residents to maximize their reach into social events and recreation they may not other wise be able to afford. A recent survey by the Employee Benefit Research Institute indicated that one in three retirees had dipped deeper than planned into their savings to pay for basic expenses in 2011. Communities such as the first Las Vegas Sun City Summerlin community is one of the largest, offering up to 8o special interest groups and onsite entertainment events and dining.

Active adult communities such as Sun City Summerlin homes have had over 100 sales in the last 90-days showing the increase in demand. Sun City Anthem homes for sale, in the South East Las Vegas valley has had over 80 homes sales in the same 90-day period. All 4 Las Vegas Sun City communities combined to also Sun City Alliante and Sun City MacDonald Highland homes for sale total almost 300 purchases in the same time frame.

McCormick has recently activated a toll free line due to the amount of retirees relocating from out-of-state or Canada and can be reached at 1-888-920-2292. She is encouraging serious buyers to do their research and try to find a better option than Las Vegas for price, lifestyle, health-care, dining and entertainment. The amount of all-cash buyer is confirming the confidence that retirees are showing in their decision to buy Las Veas real estate. All homes for sale in Las Vegas to include Las Vegas Sun City homes from $ 100K to $ 500K can be viewed online at http://www.LasVegasRealEstate.org.

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Minneapolis, MN (PRWEB) November 21, 2011

Last May Rick Storlie happened to receive an email about a 2 day negotiation course. It came at the same time he needed to complete his annual continuing education credits so Storlie signed up for the course.

Looking back over his 20+ year career in new home and remodeling sales he realized that after hundreds of classroom hours in marketing strategies and sales techniques, he had never been formally trained in negotiation.

“I had this light bulb moment and suddenly realized that here we were negotiating multi-thousand dollar deals on a daily basis without any formal negotiation training, ” Storlie commented. “Today’s buyers have a built-in edge. They have market power. They understand the market is tipped in their favor and they use this power when they negotiate with home builders and remodelers.”

In the course Storlie learned there are 3 types of negotiators. Competitive, Collaborative and Compliant.

“Because market power gives buyers a built-in advantage, most of today’s buyers become Competitive negotiators. They propose a win-lose offer. That is, they win and the builder loses,” Storlie said.

Storlie claims a buyer’s market power turns unskilled builder negotiators into Compliant sellers (lose-win).

“If a remodeler or home builder isn’t trained in negotiation they lose thousands of dollars in profit by being compliant to the buyer’s demands. This is a lose-win situation and at its worst, will put companies out of business,” said Storlie.

According to Storlie the key is to create a Collaborative situation where a win-win negotiation is created. Each side works together to get what they want.

After the course ended Storlie approached John Wenner of the Real Estate Negotiation Institute and asked him if he would share his negotiation expertise. Wenner agreed and on Wednesday November 23rd Storlie and Wenner will offer a free webinar specifically for home builders and remodelers.

The details for registering are below.

12 Elements to Leveling the Negotiation Playing Field with Today’s New Home and Remodeling Buyers

Wednesday November 23rd 11 PST, 12 MST, 1 CST, 2 PST

Register here https://www2.gotomeeting.com/register/933379858

Cost: $ 0 but limited to 100 attendees

About Rick Storlie: Rick Storlie of New Home Sales Coach has been helping home builders and remodelers reach their sales goals since 1992. Visit NHSalesCoach.com to download Rick’s free e-book “6 Secrets to Maximizing Your Sales in any Market Revealed.” Storlie can be reached at 952-895-5566 or Solutions(at)NHSalesCoach(dot)com.

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Austin, TX (PRWEB) November 22, 2011

The National Association of Realtors has just released the October Existing-Home Sales figures which Homes.org has analyzed for its readers, highlighting the key takeaways and what buyers and sellers can likely expect in the months to come given the market performance in October.

The positive news is that sales of existing homes is up 1.4% from last month and up 13.5% compared to October of last year. The adjusted annual rate of home sales in October was 4.97 million showing the real estate markets are remaining steady, however the improvements weren’t enough to make economists pronounce a turnaround in the markets, which they say would take 6 million monthly home sales.

Home sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditions. Many people who are attempting to buy homes are thwarted in the process, said NAR chief economist Lawrence Yun.

Another less encouraging finding in the October Existing-Home Sales report was that many contracts are falling through before they can close which is helping to suppress the progress of real estate markets. Homes.org has previously covered the issue of why contracts are falling through and the top reasons cited for the contract failures in October correlated with a number of their findings:

Austin, TX (PRWEB) November 25, 2011

Homes.org recently released a list of the top 10 reasons for using a buyer’s agent. The list was derived from detailed feedback provided by numerous real estate professionals across the country. After reviewing the reasons provided it became clear that the better question wasn’t why should home buyers use a buyer’s agent but why wouldn’t they.

“HUDS Settlement Cost Booklet, Shopping for Your Home Loan advises the home buyer in Section IV on page 6: It is your responsibility to search for an agent who will represent your interests in the real estate transaction. If you want someone to represent only your interests, consider hiring an exclusive buyers agent, who will be working for you, ” points out John F. Sullivan, Vice-President & Associate Broker at Buyer’s Edge Co. Inc. “If a buyer cant find an exclusive buyers agent in their area, they should seek a single agency licensee who is an Accredited Buyers Representative (ABR) or an ABR with a small dual agency brokerage to minimize the chance of dual agency.”

Maxwell Carr Realtor

Part of the reason for the current foreclosure situation is that people were buying homes they just couldn’t afford. This was due in no small part to the fact that home prices were increasing at unprecedented rates, and salaries could in no way keep up with these inflated prices.

NAR’s Housing Affordability Index (which measures the relationship between home prices, mortgage interest rates and family income) rose 10.9% in December 2008 to its highest level since tracking began in 1970.

First-time buyers currently make up a full 41% of all buyers in the United States, and with the rising Housing Affordability Index, this percentage will probably grow. These first-time home buyers often have the strongest emotional response to homes that have been staged because they’ve never had the experience of buying a home before. Stagers help them see the home in its best light and help them imagine themselves living there.

Canada, with a total population of just over 33 million, is a much smaller real estate market. It has not experienced the same turmoil as the United States because of much stricter banking and lending laws. However, the Canadian real estate market has declined both in the total number of home sales and in average prices.

According to The Canadian Real Estate Association (CREA), national MLS home sales fell 17% in 2008 and are expected to fall an additional 16.9% to 360,900 units in 2009. They project a rebound in 2010 with total national home sales increasing 10% to 396,600 units. CREA President Calvin Lindberg says, “The essential selling ingredients in today’s market are realistic pricing, marketing, and preparation.”

If you are considering buying cheap Mexico real estate, you’ve probably noticed the large number of excellent options in Yucatan. Yucatan continues to be one of the top choices for well-priced real estate because of an excellent combination of high-quality services with a very affordable lifestyle.

One options which informed buyers are considering more and more is that of Yucatan homes. Many homes in the large colonial city of Merida and surrounding towns can be bought for very accessible prices, sometimes as low as $ 30,000 USD. While these homes would definitely need investment in renovation, they are very well built, and offer buyers large amounts of potential to be converted into a dream home, or for resale.

For about $ 120,000 a comfortable home ready to live in can be acquired. For these same prices, homes can be found very close to the beachfront, in towns such as Progreso, which is about 30 minutes away from the city of Merida.

Yucatan land prices are also very accessible. Lots are available directly in the city of Merida, but one of the most attractive options within this market is also in land directly on the beachfront, or very near. Large, beautiful beachfront lots can be found well under $ 100,000 USD, ideal for building a personalized dream home.

Not only is real estate inexpensive, but the cost of living is also low. Hospital service and health care, for example, tends to be about 50-70% less than in the U.S. These same facilities have been ranked on par with private hospitals in the U.S. by the World Health Organization.

Savings can be noticed in everything from groceries to transportation.

At the same time, Merida is home to high-quality, modern services. In addition to the hospitals, there are also large, modern shopping centers, professional golf courses, international chain stores, an international airport and much more.

While it may be easy to find cheap real estate, it is much more difficult to find cheap real estate that his a lot of potential for investment and for excellent lifestyle, in an area where there are modern services available for accessible prices. Yucatan is one of the few places where this balance exists to this extent.

Wealthy home buyers who buy multi-million dollar homes are typically self-made millionaires with new money, according to a recent online survey of 683 Coldwell Banker Previews International property specialists. The study revealed the top professions of these affluent customers. According to the respondents, 88 % of their customers are business or corporate executives, 37 % are physicians, 31 % are lawyers, 30 % are financial professional and 14 % are entertainers, entertainment executives or professional athletes.
Wealthy home buyers require their real estate agents to be equipped with special skills, according to the Coldwell Banker’s survey. Given the magnitude of the financial transactions involved in luxury home purchases, 78 % of sales associates said that the top most need their clients require from their real estate agents is privacy and confidentiality. The luxury customers also want their real estate agents to exercise discretion while dealing with their multi-million dollar transactions. Almost 70 % of respondents polled that their wealthy clients want their real estate professionals to offer customized services while 44 % said that the luxury home buyers want their agents to have good network and work relationship with executive assistants, CPAs and attorneys.
Wealthy home buyers also want their agents to know the inside scoop on the real estate market, according to 36 % of the respondents in the Coldwell Banker’s survey. Seventeen percent of the sales associates surveyed indicated that one of the necessary skills for real estate professionals working with affluent customers was the ability to provide emotional support to their clients. And according to 11 % of respondents, luxury customers want their real estate agents to establish personal rapport with their clients.
The study also included queries on the “must have” amenities that the affluent clientele want in their luxury homes. Wealthy home buyers want media rooms in their homes, according to 60 % of respondents and another 60 % polled that their affluent customers want “wired” homes. However, there are a few home design elements that are out among luxury home buyers. Gourmet kitchens, granite countertops and wet bars are no longer counted as luxuries by wealthy home buyers, according to the survey respondents.
The survey also found that the multi-million dollar home buyer pays a typical down payment of 20 % to 30 %, while a quarter of clients put down 30 % to 50 % of the sale price.