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Mastering the Art of Negotiating Luxury Property Deals
Sarah Mitchell
Senior Real Estate Analyst
December 10, 20245 min read
Negotiating luxury properties requires a different approach than standard real estate transactions. Here's how to master the art.
Know the Market Inside Out
Before entering negotiations, research comparable sales, days on market, and price reductions. Knowledge is your greatest leverage.
Build Rapport with Sellers
In the luxury market, personal connections matter. Understanding seller motivations can reveal flexibility you might not otherwise discover.
Think Beyond Price
Consider negotiating for included furnishings, extended closing timelines, or property improvements rather than focusing solely on price.
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