Being a real estate agent or a property investor can be a lucrative line of work – but it’s also an easy one to become professionally stagnant in. The market can seem terrifyingly unstable at times, especially if you focus your efforts on the lower end of the price scale. If you want the security of a market that doesn’t often stumble and that has a guaranteed buyer base, consider selling luxury apartments – and consider it done!
Why Sell Luxury Real Estate
Real estate is a business of commission sales. If you’ve been selling properties or investing for resale for any length of time, you understand the percentage-based fee you stand to realize from each property you sell. Imagine selling a condo for 1-3 million dollars, rather than 100-300 thousand. Your commission is larger, you have a guaranteed buyer base of those looking for a place that smacks of luxury, and you’re less likely to encounter casual browsers. It’s a formula for making more money that draws real estate movers and shakers to make the switch every year.
Where to Get Started
One of the best ways to get started with luxury real estate is going with condos for sale in your area. Condos are more likely to sell – even in a tough market – because they have a larger potential customer base and are often more affordable than detached, single-family homes. Adding a luxury element will only increase the returns you make on your time and energy investment with each property.
Choosing new developments is another great way to get into the luxury market. Luxury apartments in Harlem, NY – like those at 17 & 52 Convent Avenue – are bringing glamorous life back to areas where luxury hasn’t been the norm for a long time. Reviving communities through beautiful new development is just one way that luxury real estate agents and investors not only help themselves by choosing higher-end properties to invest in, but also help those same communities, too.
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