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Lynn Hoffmann

Lynn Hoffmann

RE/MAX Escarpment

Profile
Posts
Listings

Languages

  • English

Specialties

International, Luxury Homes, Residential, Sellers

Locations

Oakville, Central Burlington, North Burlington

Building Your Reputation in Luxury Real Estate

Becoming a successful real estate agent in the HNW (High Net Worth) market requires consistent effort to build both your skillset and your luxury client base. One of the most effective ways you can contribute to this is by developing and maintaining the strongest reputation po...

May 11, 2022


Becoming a successful real estate agent in the HNW (High Net Worth) market requires consistent effort to build both your skillset and your luxury client base. One of the most effective ways you can contribute to this is by developing and maintaining the strongest reputation possible – both online and offline with clients and with fellow agents.

Some things to consider when working to heighten your reputation as a luxury real estate professional are:

  • Build your personal brand persona
  • Always go the extra mile for clients, over and above what is expected
  • Consistently seek out new testimonials and reviews
  • Develop your specific niche in the luxury market
  • Be consistent in your craft
  • By accomplishing these elements while connecting with the right people, you can create significant leverage to build a solid future as a real estate professional.

Why does reputation matter as a luxury real estate professional?

Your reputation as a real estate professional is one of the cornerstones of your personal brand. Given how important referrals and repeat business are, the quality of conversations that people have about you matters a great deal – especially when you aren’t there.

Upper tier clients and vendors are influenced by how they feel when interacting with you. People notice if you are personable, honest, ethical and deliver results. Similarly, if you consistently provide a level of service and attention to detail that other real estate professionals can’t, it will totally set you apart from the crowd.

The concept of catering to luxury clientele is not lost on anyone. Most people in a position to be purchasing luxury real estate are accustomed to receiving excellent service. This means that the way you personally interact with potential clients must be authentic, meaningful to them, and you should provide them with an opportunity to share their experience with you to others in their sphere.

Some simple yet effective ways to build your reputation as a luxury professional known for first class service are:

1. Personalized touches: Know your clients' likes and dislikes in food, wine, art and other personal areas, and incorporate these touches as you see fit.


2. Document your success: Showcasing how you go above and beyond the sale or purchase of a home or property is integral to reinforcing what you do to show you care. Introduce examples of your stellar customer service in your presentation portfolio and/or social media. Doing this will certainly enhance your perceived level of professionalism and customer service.


3. Ask for testimonials: It’s a great way to show real world proof that you’re successful at partnering with luxury buyers and sellers. It’s a great way to promote positive reviews offline. Don’t be shy about offering to write down what they say with express permission, as sometimes people don’t know how to start.


4. Be the authority in your market: The trust you build with your client heavily impacts your relationships. How comfortable you are able to make them and the overall ease of the experience all play a pivotal role in your relationship. Providing them with invaluable information about your specific market, and connecting clients with your service providers helps to establish you as the authority in the market.


5. Consistently showcase your strengths: Part of being consistent includes knowing your limitations and being willing to refer clients to people who can service them to the highest level of expertise.

All of these ways in which you provide value to luxury clients help shape how they will potentially perceive you and the value that you bring to the table through partnering with them. Constantly seeking out new ways to bring value to your client relationships is the perfect approach to fostering relationships that are built to last, and a referral pipeline that will pay you high dividends in the long run.

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