For some unique luxury buyers and sellers, the history of a house or property plays an important role in their home search. But, finding a real estate agent who knows how to navigate the historic housing market can be equally as important—if not more. Experienced Janet McAfee luxury real estate agent, Kevin Hurley, shares his advice about how best to sell a historic luxury home.
Is There Anything Luxury Sellers Should Do Before Deciding To List?
I think the key for anyone selling a home, especially a historic home, is to make sure the house is in great condition. Luxury buyers are critical buyers and expect a certain level of condition and presentation.
In the end, luxury homes are significantly different from most listings in that you must make a significant time investment to document the heritage, detail amenities, and updates, and address lifestyle considerations.
What Are Luxury Buyers Looking For In Historic Homes?
I mostly list historic homes in the Central West End near Forest Park. There, buyers looking at one-hundred-year-old homes or older are generally looking for architectural integrity. They're looking for homes that have been well-maintained, updated to a certain degree, and also enjoy a good location.
The West End has a limited amount of these unique homes which are impossible to replicate. So, it's a very special buyer—one who likes history but enjoys today’s modern amenities.
What Kind Of Updates Are Luxury Buyers Looking For In The Central West End?
Kitchens and bathrooms. More specifically, an updated master bath is typically the first thing on the list. But for the most part, they just want a home that’s in good condition because they’re buying these homes for the historic details and often have the resources to customize the updates.
Tell Us About A Recent Luxury Sale That You Have Made. How Did It Sell?
First of all, you have to have professional photography because that's how a home is first presented to a potential buyer. Then, it’s important to have good marketing materials, brochures, etc., especially because these are very complicated, extensive listings.
Luckily, I've lived in a historic house in the West End. I’m well aware of both what people's concerns are and what attracts people to the area. It’s important to counsel potential buyers about those considerations.
Is There Anything Unique About The Way Homes In Your Area Sell? How Do Your Clients Find You?
I've lived in the West End for 40 years. I have a network of agents who regularly call to ask questions about my listed homes and see if there is anything else coming up. I place print advertising in the West End Word, I promote my listings on social media and I send out postcards of newly-listed and just sold properties. This helps solidify my reputation in an area.
I have former neighbors who refer me to clients with interests in the area. I am lucky. I've been in that specific area for quite some time which helps because I can keep my eye out and reach out to people when I know something’s coming up.
