Property Sales
Property

Luxury Property Sales In London – Is Your Agent The Real Deal?

It should come as no surprise to learn that selling an ultra-exclusive property in London isn’t quite as straightforward as selling a standard property on the mainstream buyers’ market. The simple fact of the matter here is that you are looking to win over a much more specific target audience with a very specific property in order to go about a multi-million pound transaction. Suffice to say therefore it is not the kind of process that can be approached lightly or without the advice and wisdom of a trained professional.

The experts at www.exclusivehomes.london have been in business for longer than most and have over the years identified a fair few sticking points when it comes to less-than ideal luxury property sales agents. So for those looking to not only get the best price for their property but ensure a smooth process from start to finish, here’s a quick look at a few insider secrets when it comes to identifying a sales agent that may not in fact be all they’re cracked up to be:

1 – Closed Agency or Independent Sales Expert?

First and foremost, it is important to acknowledge the fact that there is a significant difference between hiring an independent sales expert and doing business with a standard real estate agency. The best way of illustrating the difference is in the fact that an independent sales expert will deal with dozens of the very best agencies all across London along with an expansive database of contacts and clients based both in the United Kingdom and across the world. Needless to say therefore, when it comes to not only finding a buyer for the place but ensuring that the best possible price is paid, it should be pretty obvious that the independent sales expert represents the vastly superior option.

2 – Unrealistic Promises

When it comes to selling a home, particularly a home of such high value, it is quite simply impossible and certainly unprofessional for an agent to make unrealistic promises with regard to what they can accomplish. This applies to both the price of the place and a timescale within which the deal will be closed as while it’s perfectly possible for an agent to give you the kind of target price they are aiming for and something of a rough date by which they would like to close the deal, they cannot 100% guarantee that they will be able to do either. The market as a whole is just too unpredictable to make such guarantees and therefore those that do so are not exactly being liberal with the truth.

3 – Where’s the Evidence?

If any given property agent has been doing what they do for several years and has worked with plenty of clients just like you before, there is really no reason why they should not be able to provide evidence of this. Of course they might not be willing to go too deeply into the specifics of the transactions carried out between their former clients and their property buyers, but they should at least be able to give you an indication as to how successful they have been and what they have accomplished in the past. Simple case studies as examples of the deals they have closed should be more than enough to instil essential confidence.

4 – Questionably Low Fees

It is one thing to guarantee competitive rates when it comes to the fees and charges attached to luxury property transactions, but it is something else entirely to practically give your services away for free. In order to make the right decision, it’s a good idea to speak to a few agents and find out what the kind of average total transaction fees are that they are charging in order to find out what is and is not an unrealistic fee structure. More often than not, when you find an agent at this level who is practically giving their services away for free, this is something of a warning sign either that their skills and experience do not live up to the mark or they are absolutely desperate for clients and are therefore willing to accept next to nothing for their services.

5 – Jack of All Trades

Last but not least, try to bear in mind that what you are looking for when it comes to this very specific kind of property transaction is a very specific agent, as opposed to a jack of all trades. It’s really not in your best interests to hire an agent who specialises in every single type of property at every level across the board, as it takes full-time commitment and plenty of experience to know and be able to handle the exclusive property market with the required competence.

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