As a luxury real estate agent, you play many parts over the course of a day. From the moment you enter this industry, you are negotiating the fluctuating world of luxury markets, networking with a fascinating clientele, and connecting those clients with the most stunning and exclusive homes.
For many agents, a reliable piece of advice can make all the difference when moving into the high-end customer service space. We asked five Sotheby’s International Realty agents to look back and share the lessons that gave them the edge in their luxury careers.
While immediate personal responsiveness is in my DNA and nothing has proven to be more important, the best advice that I ever received was to create a luxury experience for all our clients at every price point. I have gone so far as to lead conversations with multiple generations of families, evolving their portfolios from first-time buyers to the acquisition of investment properties to eventual retirement lifestyle plans.
Clients purchasing a luxury property often employ a team of professional advisors for estate planning, tax consulting, financial planning, and more. As a real estate advisor, I serve clients best when working collaboratively with that team on an ongoing basis well beyond any one real estate transaction.
REALTOR®, San Francisco, Calif.
Sotheby’s International Realty
In almost 20 years in luxury real estate, I’ve continued to follow the advice I was given very early in my career: luxury customer service is all about response time, follow-up, follow-through, and availability. Our clientele can and will pull the trigger on a property in a much different way than a typical customer. We are dealing with well-traveled, well-educated clients who often come into town on a moment’s notice and don’t have the time or desire to work with someone who isn’t willing to accommodate them. I’ve found that making myself available to my clients on their terms has been paramount. This strategy has been the foundation of my success.
Equestrian Sotheby’s International Realty
All the service you provide should be at a luxury level. Invest time on the front end by maintaining a good grasp of the market at all times and remaining fully engaged in your business. Listen to your buyers so that you have a solid understanding of what they are looking for and confidence that the property you’re showing them is a good fit. Your clients are investing a lot of money in their future. You want to make the process as easy and pleasant as you possibly can by earning their full trust in you and, as a result, full confidence in the big decisions they are making.
The Steele Group Sotheby’s International Realty
Listen slowly, act promptly. Face it, we are all Type A personalities. It takes discipline to slow down and actually listen to clients’ needs. But when the decisions are reached, act quickly. Every client, especially luxury clients, want to know that you are “on it”.
Agent of the Year 2018
Kaiser Sotheby’s International Realty
Buying a home is the beginning of a new journey, and should be an enjoyable, fulfilling experience. I think the best advice I’ve received in my career is to listen to clients, hear them out, and customize a plan to suit their situation. Then, be constantly available and responsive once that plan is in place.
Don’t be so keen to sell a property that you rush your clients through the process, and if you find yourself falling into rehearsed scripts or a one-size-fits-all approach, take a breath and try to change things up. Your treatment of your clients is so much more important than closing a sale because it lays the foundation for a long-term relationship based on mutual respect and trust.
Principal, Broker Associate
Pacific Sotheby’s International Realty
Luxury real estate is in a league of its own. The clients are meticulous and patient planners — but when a key opportunity finally arises, they want to execute fast. To succeed in the luxury market, you need to be responsive and decisive, offering services at the highest level. All while picking up valuable advice along the way.
About Sotheby’s International Realty
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty® network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. The Sotheby’s International Realty network currently has more than 22,000 affiliated independent sales associates located in over 960 offices in 72 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of $108 billion USD. Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, each brokerage firm and its clients benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.