How To Market A Luxury Home

When you’re selling a luxury property, the usual rules about how to market a home tend to go out the window.

For starters, not all sellers want the universe to know that their home is going on the market, so you might not have the option of advertising the home on a real estate portal or even listing it on the multiple listing service (MLS). And depending on whether or not the seller (or the home) is noteworthy locally or nationally, there could also be quite a few “interested buyers” who don’t have the means to purchase a home but who still want to come inside and look around.

But that doesn’t mean that marketing a luxury home is impossible — far from it! There are specific tactics and strategies that wouldn’t make sense for another type of property but that are perfect for luxury homes, and you can use some or all of them to secure a qualified buyer without compromising privacy.

rental properties CO

Keep it in your pocket

When a home is for sale but it’s not listed on the multiple listing service (MLS), it’s known as a “pocket listing.” There are many reasons why a seller might want to leverage a pocket listing instead of using the reach and network of the MLS, and privacy is usually at the top of the list.

  • If the address or the person who lives there is relatively well-known, then it probably won’t be too long before the media or a fan picks up on the home for sale and turns it into a story.That can be a tactic that works to your advantage, of course, but you might want to save the step of listing on the MLS until after you’ve used the local luxury network to shop the home (and you have not received any viable offers).
  • The local community can be your best asset in the home sales process. If you tell your friends, colleagues, and members of any clubs or organizations where you’re a regular attendee that you’re putting your home up for sale, the likelihood of you finding a qualified buyer is heightened — and your acquaintances can tell anyone they know about the fact that your home is for sale. You might not be telling every buyer in the market that you’re putting a house on the market, but you’ll certainly be reaching a large portion of people who are financially qualified to take on that investment … and possibly interested in buying it.

If you think you could stand to expand that network, host a party. There’s no better way to show off your home than when it’s packed with admirers.

The luxury world is a stage

Even the best-maintained luxury home looks more lived-in than magazine-ready most of the time, so before you showcase yours, it’s smart to take care of any cosmetic issues that might have been lingering and possibly even consider moving yourself and your things to a different location so that it can be staged and presented at its very best.

That might be an extreme idea in your opinion, and there’s a lot you can do to make your home shine short of moving out and leaving it to professionals. Start with the basic curb appeal

  • Is your lawn manicured and maintained, and is your landscaping polished?
  • Do you need more gravel or flowers anywhere?
  • Do your trees and shrubs — and grass blades — look healthy?

Inside, get the place deep-cleaned to within an inch of its life. Steam the carpets and polish the wood floors. Then look at the balance of furniture in the room — is it arranged to showcase the place at its best, or for human convenience? You might want to remove a piece of furniture or two for every room so that you have plenty of space around each item. Allow for smooth and uninterrupted traffic flow through each room. Some experts recommend leaving space (including between furniture and walls) around each piece of furniture.

Examine your decor with a critical eye, too. It might not be enough to remove those family photos from the guest rooms — you may also want to think twice about showcasing any artwork or decorations that are tailored to specific tastes. The idea is to invite visitors to imagine themselves living in the home, and some people might not be able to do that around certain images, so if your own preferences tend toward the risque or out-there, think about going a little more moderate while you prepare to sell.

Build your (visual) asset bank

If your home doesn’t sell as a pocket listing and you do decide to put it on the MLS, then you’ll need some high-quality images to help entice a qualified buyer to your doorstep.

The people who can afford to buy your home won’t want to waste time visiting a property that doesn’t meet whatever standards they’ve set themselves, and in this era of digital opportunity, it’s a huge mistake to ignore images when you’re trying to sell a luxury property.

It’s not enough to “just” have pictures, either. You want the lighting, staging, and finish that comes with a professional photographer and all of the accompanying cameras, lights, and other tools. And if you really want to make a splash, you’ll need to go a step further and think about creating a video that really showcases what makes your property shine.

Tell a story about the special features

A luxury home wouldn’t be a luxury home without sweeping people away somehow. Whether that’s an architect who’s a household name, finishes fit for royalty, or a view that leaves you breathless, you need to know what makes your home fit for the “luxury” label and how you can convey its attraction to people who have never seen it.

Pick the thing or couple of things that always elicit a comment from the people who visit your house.

You probably know them if you begin to think about them — the beautifully landscaped pool area, perhaps, or the industrially equipped kitchen, or the horse stables, or the view from the master bedroom. Then make sure you make those features a central focus of your property marketing. Help potential buyers feel what it’s like to wake up and look out those windows, or take a dip in that pool after dark. Luxury is a feeling, and if you can spark that feeling in the people who are searching for a place to live, you’ll be working toward a sale in no time.

Pricing and incentives

It can be difficult to price a luxury home to sell because they are usually much rarer than entry-level or mid-level homes, and therefore they don’t exchange hands quite as frequently. That makes it tough to pull comparable sales when you’re wondering how much your home might fetch on this market.

Talking to a real estate professional who specializes in luxury sales is essential when you’re trying to nail down the right price for your home.

If you overprice it, it will linger on the market for much longer than it should while you consider reducing the price or pulling it off the market — agonizing for any seller. And it’s equally bad to price it so low that you’re leaving money on the closing table when the time comes to walk away.

Don’t use the l-word

Most buyers in the market for a luxury home aren’t going to Google “luxury homes for sale in my area.” They look for clues that indicate a property is high-end without saying it outright: “gated community,” “estate,” “extravagant,” “opulent,” or “grand,” for example. They might also look for clues in a listing, like whether it’s a waterfront property or the price per square foot.

A real estate professional can walk you through the different cues and clues that qualified buyers in your area are going to be using and help make sure that your marketing materials and listing is peppered with them.

Accessibility Toolbar

Caitlyn Weiman

Caitlyn has been running the operations at Lark + Co since fall of 2022. She has also been licensed in real estate sales since 2013, and enjoys working with first-time homebuyers and investors, alike. Caitlyn enjoys running numbers and helping clients find the right rental mix for their properties.

Caitlyn has a Bachelor of Fine Arts from the University of Colorado Denver with an emphasis on Sculpture, but these days art is just for fun when she assists Kristin with furnishing and design. She lives in Brighton with her husband, daughter, cat, and dog. They enjoy going to “the lake” on the weekends in the summer or Sunday movie days in the colder months.

Kim Nicol

Portfolio Manager

Lark is excited to have Kim join our team as our Portfolio Manager. Kim brings her organizational skills and upbeat attitude to help us keep things running smoothly. 

Kim was born in California and moved to Colorado in 2019. She has a background in Early Childhood Education and management.  Kim loves children and has adored her years teaching, nurturing and helping them grow, but was looking for new challenges.

She has always had a passion for Real Estate and is excited to start her path in this career. Kim lives in Brighton with her husband, four kids, two dogs and three lizards. She enjoys being outdoors, spending quality time with her kiddos, and shopping for fun new water tumblers.

Kristin Johnson

(Owner)

Kristin became a licensed Real Estate Agent in 2016 and joined Re/Max Synergy In 2020 in order to help build a property management division. In 2022 in collaboration with her colleagues Kristin decided to open Lark+CO in order to provide an array of Real Estate services to her clients under one roof. These services currently include buying, selling and marketing single family and multi-family homes, property management for single and multi-family furnished and unfurnished rentals as well as design services. In the near future we are excited to add lending and insurance to our portfolio of offerings.

Before getting into Real Estate, Kristin worked in business to business sales where she ran high producing sales teams and developed lasting relationships with vendors, associates and local organizations. Kristin loves meeting and connecting with people – especially potential buyers, business partners, investors and tenants to discuss and understand their specific needs and aspirations. Kristin will find something unique that is tailored to their goals and collaborate on business growth strategies. Kristin successfully sets rents in the Colorado market while helping clients earn their highest potential on their rental properties to achieve financial goals and freedoms.

Kristin adores living in Colorado and enjoys all of the outdoor activities that Colorado has to offer. Her favorite is spending time in the mountains with family and friends, her Bernese Mountain dog Hugo, and Lhasa Poo Lola. Vail holds a special place in her family’s hearts and you can find them relaxing in and fishing by the Gore Creek, riding bikes down the gorgeous bike path to Vail Village, skiing the idyllic snow covered runs or cooking up delicious treats with her children.

Kristin enjoys work to the fullest and is excited for the opportunity to be working with you to find the house of your dreams, managing your rental properties or helping you expand your investment portfolio.