In many places throughout the country, including beautiful Albuquerque, NM, a home with a million-dollar price tag is a luxury home. Although real estate in ABQ is red-hot, with sales prices of single-family homes increasing 10.1% from 2019 to 2020, buyers who are ready to spend one million dollars or more on a property have high expectations. Learn more about what to expect when you list your million-dollar home for sale in Albuquerque.
- Pricing your home in Albuquerque
- Staging your million-dollar home for sale in Albuquerque
- Marketing your million-dollar home for sale in Albuquerque
- Relying on the experts with your million-dollar home for sale in Albuquerque
Pricing your home in Albuquerque
Setting the right price is important. All homebuyers—especially luxury homebuyers—are very careful with their money. After all, there’s no reason for them to overspend if there are other options on the market.
It’s smart to have a third-party appraisal done before you list. When you rely on an expert appraisal, you don’t have to worry about pricing too high or too low. The appraisal will give you the starting point you need. Decide on a fair price right at the start. Your house will move on the market and you won’t need to make price cuts to generate buyer interest.
Staging your million-dollar home for sale in Albuquerque
When you’re selling a property valued at or above seven figures, make it as appealing as possible to potential buyers. Remember, luxury homebuyers expect something that “wows” them. From the moment homebuyers lay eyes on your property to the time they leave, you want to make a winning first impression.
Follow these staging techniques to make sure your house is ready to wow prospective buyers.
Boost curb appeal
Interested buyers will often do a quick drive-by before contacting a Realtor® to schedule a showing. If your home doesn’t present well from the street, chances are good that buyers will keep driving and shift their interest to another property.
There are some easy ways to increase curb appeal before selling a house. Start by giving the landscaping some attention. Pull weeds, trim shrubs and trees and remove all landscaping debris. It’s also a great idea to create an eye-catching focal point that draws buyers in and encourages them to take a closer look. Give your front door a fresh coat of paint or stain and install new lighting near your entryway to provide each visitor with a warm welcome.
Declutter and clean the interior
Once you’ve enticed buyers to come through your door, encourage them to explore all that your home has to offer by decluttering and depersonalizing the interior. Remove personal items like collections and family photographs and clean up piles of papers, pet toys, kid toys or anything else that can distract buyers from focusing on all the great selling features your house has to offer.
After removing the clutter, deep clean the house, giving special attention to the kitchen and bathrooms. It’s helpful to use baking soda as you clean—it not only busts through dirt and grime, but it also deodorizes surfaces as you go. Or, you can always hire the professionals for a deep clean.
Think about consulting a professional stager: The goal of staging a property is to help buyers envision what life would look and feel like if they choose to make your home their own. If your furniture is outdated, or you’ve taken it all to a new property, buyers can miss the “big picture.” A professional stager is able to come in and determine exactly how to enhance your home. In almost all cases, this simple investment really pays off, significantly reducing the time a luxury property spends on the market.
Marketing your million-dollar home for sale in Albuquerque
It’s always smart to have a great real estate team by your side when selling a property. The stakes are even higher when you have a million-dollar home for sale in Albuquerque. A real estate professional who’s experienced selling to luxury clientele is a must if you’re looking to get top dollar for your property as quickly as possible. Look for an expert with a proven record of high-value sales. They’ll likely use the following techniques to market your home in the ways that luxury clients expect:
Tell a story with a quality listing
Homebuyers of all income levels are looking to the internet to find their next residence. Your real estate professional must create a quality listing to give even the pickiest buyers a reason to invest their time and energy in looking closely at your property. Nothing does this better than professional photography.
Your real estate team should use a professional real estate photographer. They’ll take pictures that portray your house, yard and any other features of your property in the very best way. They’ll also be able to craft a compelling narrative that explains why your home addresses not just a luxury buyer’s needs, but also their wants. In many cases, this means playing up the unique design and architectural features of your house. Let them know what makes your place truly special.
Cover all bases
Not only should your Realtor® place your listing on all standard real estate websites, they also need to make sure it’s seen on social media. As you select a real estate professional to represent your million-dollar home for sale in Albuquerque, look for a candidate with a strong social media presence. Make sure people see your home on Facebook and Instagram at the very least. It’s a great way to show off those gorgeous listing photos and generate a buzz for the listing.
Know the market
No two buyers are the same, especially when it comes to the luxury real estate market. Choose a Realtor® who recognizes the individual needs of Albuquerque buyers and can articulate how your property aligns with them. Your real estate professional will promote the experience that your property offers, instead of just the quantitative elements like square footage, number of rooms, etc.
Trusting the experts with your million-dollar home for sale in Albuquerque
There are many considerations to keep in mind when you’re selling a high-value property in Albuquerque. Most of all, you need to have a great real estate team on your side. When the stakes are this high, rely on the expert team at Myers & Myers Real Estate Inc. to sell your million-dollar home for sale in Albuquerque quickly, for the best price possible.
Check out homes for sale in Albuquerque, homes for sale in Rio Rancho, homes for sale in Corrales, homes for sale in East Mountains, homes for sale in Valencia County, and homes for sale in Los Lunas to see how we position your home to sell at the best possible price.