For luxury real estate professionals, things typically don’t stay the same for very long. Market trends can fluctuate about as frequently as the weather forecast, yet the most successful upper-tier real estate professionals are often able to adapt and flourish no matter what comes their way.
Why is that? Because these luxury real estate professionals have adapted some specific traits that have driven them to succeed. If you’re looking to improve your own success in the luxury real estate market, you’ll want to make note of these habits and work on incorporating them into your own career.
1) Have a Winning Mindset
Believe it or not, your overall mindset can have a huge impact on your success in the luxury real estate market. When you think positively and truly believe that good things are coming your way, you absolutely can manifest this into existence. That’s because your mindset directly impacts your everyday actions, behaviors, and choices. With an optimistic mindset, your confidence will soar and the rest will follow. After all, if you were working with a luxury real estate professional to help sell your home, wouldn’t you want that person to be positive and confident in their approach?
2) Master Your Market
The most successful luxury real estate professionals are also true masters of their markets. Each and every day, they set aside time to study the latest market trends so that they never miss a beat. They’re always looking for the most up-to-date data and market news that will benefit their clients and provide them with a competitive edge.
If you’re looking to become a master of your own market, start dedicating a portion of each day (or week) researching the latest news and trends in your precise market. Get to know the best sources for reliable and timely news in your market and consider signing up for email newsletters or alerts. This way, you’ll never fall behind.
3) Networking Personality
You’ve probably figured this out already, but networking is key for luxury real estate professionals. Very few real estate professionals have gotten where they are today without extensive help from others in the field. They have worked hard to build and maintain relationships not just with other luxury real estate professionals, but also mortgage lenders, appraisers, and even existing clients.
Looking to take your own networking to the next level? Start by creating an actual networking list that includes names, phone numbers, email addresses, and details about each contact. From there, find creative ways to check in and stay in touch. This could be something as simple as sending a hand-written card to an existing client on the anniversary of their closing date, or following up with fellow luxury real estate professionals via email.
4) Always Learning and Improving
The most successful luxury real estate professionals have realized that the industry is as dynamic as it is competitive. As a result, they’re always looking for ways to set themselves apart through education and training. Continuing education is vital in the luxury real estate market, especially if you want to differentiate and improve your own skills. Committing to training sessions, classes, and even pursuing special distinctions/certifications can make all the difference in your success as a luxury real estate professional.
Consider, for example, earning your Certified Luxury Home Marketing Specialist™ (CLHMS™) designation through The Institute, and taking our informative training to level up your career as a luxury real estate professional.
Discover New Levels of Success Today
While all luxury real estate professionals have their own “recipe” for success, these are just a handful of traits that many of them have in common. If you’re looking to maximize your own success in the luxury market, it’s worth your time to focus on adopting these habits in your own professional life. From there, you can gain a competitive edge and become a true master of your local market, surpassing your own goals while exceeding your clients’ expectations time and time again.
Mindset is EVERYTHING. What you believe is how you behave and drives the words you choose to communicate. Love it!
Great information! Thanks
Great article! And I agree about knowing your local market and the current trends. I live and work as a Realtor in Delray Beach and am always hungry to learn more about my beautiful town.
I enjoyed this information! do you have recommendations for Selling high end recreational property?
For more recommendations and information about selling in the luxury real estate market you may wish to take one of our courses and then become a member which will give you access to more training as well as insights from luxury peers in our private network forum. Please visit http://www.luxuryhomemarketing.com
Very good as this is what I do. Thank you so much.
Must keep your eye on the target! This is a normal business cycle. Nothing like what we saw in the 1980’s. Luckily Business is moving to Austin, which is similar to New York Coty in the teens of the last century, when all the buildings were sprouting up. Austin is now the High Tech Metropolis of the Southwest!