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Thursday 16 October 2014

When Buying Luxury Real Estate Naples FL Buyers Need Professional Help

By Patty Goff


Property transactions are never straight forward. There are many laws and regulations governing such transactions and without expert help both buyers and sellers can easily make mistakes. When looking for luxury real estate Naples FL buyers are especially vulnerable because mistakes can be extremely costly. That is why it is so important to employ the services of a reputable and experienced realtor. They can make sure that their clients find the ideal property at the best possible price.

Buying a property at the upper end of the market should never be undertaken without assistance and advice from a qualified and reputable realtor. This is a specialist market and most realtors are not experienced in brokering deals that involve luxurious homes. It is vital to choose a realtor that understands this market and that is able to provide valid references. It may also be wise to choose somebody that boast expertise in property law.

Realtors that cater exclusively for buyers of high end properties normally maintain small portfolios of clients. This allows them to spend adequate time on the requirements of each client. Buyers should insist upon individualized service. Experts agree that it is not advisable to make use of a realtor that represents both the seller and the buyer. The likelihood of conflict of interest arising is simply too high.

It is vital to schedule a detailed briefing with the chosen realtor. The potential buyer needs to specify his needs and expectations. The more detailed this briefing is, the more likely the realtor is to find the perfect property. If there are exclusions or non negotiable issues, the agents should be made aware of them. The realtor also needs to know what the budget of the buyer is.

Very few buyers of high end properties have the time to view an endless list of properties that may or may not suit them. Experienced realtors realize this fact. Instead, the buyer will be presented with a detailed folder containing all the information about the property in question, extensive photographic material and technical details regarding the structure and the area where the property is situated.

Luxurious properties are, of course, extremely expensive and buyers need to make sure that the property will retain or increase its value over time. Realtors should therefore also provide information such as the likelihood of property developments occurring in the future and the performance of the property market over the past few years. Discerning buyers will also need to know more about the performance of the local government and the quality of services such as electricity, gas and water.

Once the buyer has made a decision the realtor can still provide a valuable service. Many buyers in this market prefer the realtor to negotiate with the seller on their behalf. In most cases the buyer will specify the upper and lower limits within which the realtor can operate. As an incentive, realtors are often offered a bonus if they can negotiate favourable terms.

Buyers of luxury properties can be demanding and their requirements are often extremely specific. Realtors working in this market can earn above average incomes, but only if they provide unequalled service. They need to be among the very best in their profession.




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