Have you ever looked at a for sale sign on a luxury home in your neighborhood and realized it’s been there for many, many months, or even years? Have you wondered why that beautiful home has not sold?
Here are a few reasons why and these facts will also double as tips for selling your Dallas luxury home:
Choose a Dallas luxury home professional that knows your neighborhood! Expert knowledge is not common. When a Broker specializes in luxury homes, they know how to value the luxury elements like view premiums, amenities, style premiums and other intangible factors that may have a significant impact on a luxury home’s value. Look for designations like Accredited Luxury Home Specialist (ALHS) that indicate the knowledge and experience of an agent in the luxury home market.
Price your home right! Be realistic and look at the sold prices of comparably sized luxury homes. Don’t make the mistake of pricing your home against comparable for sale luxury homes that have not sold yet and have been on the market too long. Location and size are the critical factors that determine price of a luxury home in Dallas. Amenities have a larger impact on time on market.
Prepare your home to sell! The million dollar luxury home buyers want perfection and with competition in abundance, you should try your best to deliver a showing reading home the first time. Staging a home can be inexpensive and cost less than you might think. Go through your home with the eyes of a buyer and follow the three C’s: clean, clear and clutter-free.
Give your real estate agent the access they need to show and sell your luxury home! A home cannot be sold if it cannot be shown. Be ready to show your luxury home when the buyer requests a showing, otherwise they may not come back. Dallas luxury real estate market has a lot of buyers relocating to DFW from California, New York and other states. These buyers may be in town just for a day and if they are not able to see your home when they want, they may not be able to come back to see it
Market your home on internet: Most of the buyers start their home search today online. It is important to hire an agent who excels at online marketing to maximize the number of showings and potential offers.
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