High-end vs luxury: This is a very common question that comes up when discussing pricing with my clients. The words high-end and luxury mean the same thing to most people. However, they have vastly different definitions in the real estate context. It is important to know how to price your home to get the most sales value in the shortest amount of time on market. Nobody wants their home to sit on the market for 6 months without getting many offers. Keep reading to learn more about how to properly price your home as a high-end or luxury estate!
Your high-end properties are just as they are described, high-functioning and highly desirable. These amazing homes for sale are valued at twice the median sales price for a community. In Tucson, this means 2x our median home sales price of $275,000, so high-end homes start at $550,000.
This is the perfect category if your home is much more than the average house, whether through location, remodeling or other amenities. Pricing your home in the high-end category is a clue to would-be buyers that they can expect to buy a home move-in ready, with lots of space and surrounded by a fantastic community.
The real cream of the crop, Tucson Luxury Homes for Sale are valued at three times the median sales price, coming in at or above $825,000. In Oro Valley, the median home price is higher, so the luxury price break comes in at $1,137,000.
Luxury Estate buyers expect the very best; the highest quality building materials, the most efficient layout, the most immaculate skyline, etc. If your home offers fantastic amenities and a desirable location, this might be the perfect pricing category for your home for sale!
Choosing the right luxury real estate agent to represent you in your real estate transaction is the most important decision you’ll make when buying or selling your home. This is even more important when you are looking to purchase or sell a high-priced luxury estate. Thankfully, there are organizations that award designations to high-performing Real Estate agents so you can trust in their abilities. Amongst the different regulatory bodies, there are three designations that really stand out when it comes to Luxury Real Estate; Certified Luxury Home Marketing Specialist, Million Dollar Guild, and CRS.
The prestigious CLHMS designation is awarded only to those REALTORS who close three separate transactions valued over the Luxury Threshold Price ($500,000 for Pima County) in any 24-month period. This designation shows how active an agent is over a two-year timespan. As rules and regulations change regularly, it is important to have an agent who is active in the market and can leverage their knowledge and experience for you!
This designation rewards the very best of the best. REALTORs® who have closed two single-family residencies priced at $1,000,000 in a two-year span, may be recognized as a member of the Million Dollar Guild. There aren’t many of these Million Dollar homes available, if your agent has sold over two of these estates, they have a proven record of success that will help you get the best price in the shortest time.
The CRS Award is the highest credential awarded to residential Real Estate agents. To earn the award, REALTORs® must have a high sales volume (60 transactions over 5 years) and the sales must command high prices ($30,000,000 in total transaction value). On average, CRS-awarded agents help three times more clients each year than other agents.
Now that you know what to look for, where can you find all three designations in one place? Look no further than this very website! Tony Ray Baker and his team at SeeTucsonHomes have a proven record of high-volume sales and over-the-top service. Whether you are buying or selling a luxury property, you can trust Tony Ray Baker to create a conceirge experience that’s just right for you.
Looking to close quickly? He has experience with that! Looking for the highest price possible? You’ll be impressed with his proven marketing system designed to maximize your home value by generating competing offers. Looking for a particular lifestyle? Tony Ray knows Tucson and the surrounding cities better than anyone. After all, he has over 26 years of experience and a lifetime of enjoying all that Tucson has to offer. Contact Tony Ray to get started in building the life of your dreams!
Call today at (520) 631-TONY (8669)
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I have been buying and selling homes just like yours in the Catalina Foothills area for over 25 years. I’ve earned the trust of thousands of valued clients thanks to my dedication and commitment to providing the very best in customer service!
Perhaps that’s why I am consistently among the Top Real Estate Agents in Pima County. It is also why I keep getting great results for my clients. But don’t take my word for it, hear directly from them:
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Tony Ray Baker - Call Today at (520) 631-TONY (8669) |
RE/MAX Professionals 2830 N Swan Road Suite 120 Tucson AZ 85712
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