Blessed with incredible geography and one of the most desirable climates in the world, Los Angeles is a veritable treasure trove of real estate opportunity. From Beverly Hills to Pasadena, from Malibu to Palos Verdes, there are endless choices for the high-end home buyer. This sheer magnitude is both a gift and a hurdle for buyers making their first foray into the world of luxury real estate.
Identifying the right real estate agent in Los Angeles poses a unique set of challenges. Being a real estate capital, Southern California is home to thousands of agents. Of that multitude, only a few have the qualities and instinct necessary to successfully guide you through the high-stakes world of luxury real estate. Finding the right agent can be the difference between overpaying for a property and scoring an excellent value. In extreme cases, the wrong agent could pressure you into purchasing a property that does not suit your individual needs.
The first step in finding an agent for your luxury real estate purchase is distinguishing between realtors and real estate agents. The former is a trademarked title of the National Association of Realtors (NAR) bestowed upon agents which pledge to adhere to the organization’s ethical code. This gives buyers peace of mind that their realtor is held to higher ethical standard.
Due diligence is crucial when selecting a good luxury realtor. Meet with several potential hires in person; too many home buyers simply hire the first agent they speak with. Instead, meet with at least three agents and request a list of references and specific recent sales. This information will showcase their experience in the area. It will also provide a tangible measure of their success. When you are spending seven-figures or more on a property, this is “need to know” information.
Additionally, ask each agent what their strategy is for finding your perfect home. Not only will this request help you better understand how the agent works, it will provide you with a good barometer for future performance. If they are wishy-washy or vague in their response, or do not respond promptly, it is logical to expect a similar performance once hired.
When it comes to luxury real estate, Joyce Rey is more than just experienced. After decades of success in the Los Angeles market, she has racked up record after record. Her name is attached to the sales of Southern California’s most venerable estates. Properties like Pickfair and Owlwood are just two of her many successful sales in the Los Angeles metropolitan area.
When purchasing a new luxury home in Southern California, there’s a lot to consider. This makes it all the more imperative for individuals entering the luxury market to employ a trustworthy, knowledgeable and experienced agent. He or she will be able to deftly guide you through this complicated and intimidating process and help you find your dream home. Whether you seek a remodeled beachside bungalow along the Pacific Ocean or an opulent mansion embedded into the many winding canyons of the Santa Monica Mountains, finding the right real estate agent ensures your first luxury real estate purchase will be a success.