Luxury real estate agency in Paris - Find your high-end apartment
Many people dream of luxury real estate in Paris, but not everyone has the privilege of getting their hands on the jewels of the City of Lights. Indeed, everything is not just a question of price, even if we all know that exceptional properties in Paris are relatively very expensive. You also have to fight to find the property of your dreams and this naturally requires the support of a professional including a luxury real estate agency. What exactly is it? What characterizes this type of real estate agency? Do you have to go through it to find luxury real estate in the City of Lights? The answers in this article.
What is a luxury real estate agency?
A luxury real estate agency is, as its name suggests, a real estate agency specializing in high-end properties. It offers very high-end services, intended for those who want to acquire, sell or rent luxury real estate in Paris. This concerns in particular castles, mansions, bourgeois houses, luxury apartments as well as villas and mansions. Exceptional properties are also considered luxury goods because they have their own characteristics. Their originality is especially appealing to contemporary investors. Here are some characteristics of luxury real estate:
- A price per square meter ranging from €12 to €20,000
- A unique location
- Impeccable layout and breathtaking views of the surroundings
- A large outdoor space, even in the city
- High quality materials
- Decoration that wants to be refined, trendy and beautiful, etc.
The services of a luxury real estate agency
Basically, a luxury real estate agency intervenes for the sale and purchase of luxury real estate. However, its benefits are not limited. It is versatile and this is a quality that allows it to adapt to the needs of its customers.
The search for a property or a buyer
The luxury real estate agency supports its clients in all the steps of their real estate project. Whether it is for a purchase, sale or rental of luxury real estate, she is in the best position to protect the interests of her client, however, the latter will then have to provide her with detailed information on her project. This data will allow the agency to identify its needs and offer adapted services. Based on this information, the agency defines specifications and searches for the luxury property that best meets its client's criteria.
For owners of a luxury property who wish to sell or rent it, the luxury real estate agency helps them find the right buyer or tenant profile. In particular, the agency has a large database and it also benefits from the performance of its network, allowing it to submit the most suitable real estate offers to the needs of each client. It is up to her to organize visits. She is also involved in all administrative procedures related to real estate transactions.
Real estate valuation and negotiation
In France, the real estate market is constantly evolving and that is why luxury real estate agencies only collaborate with experts. This allows him to properly assess and negotiate the sale or rental of luxury real estate. Thanks to her know-how, she helps her client to better understand the market and to determine the criteria to be taken into account when evaluating real estate. However, the agency remains objective in order not to influence the decisions of its client. She will know how to put forward the right arguments to negotiate the property while taking into account its strengths and weaknesses.
Real estate transaction processing
After identifying the property that perfectly meets the needs of its client, the real estate agency takes care of transaction processing. She assists her client at every stage: the meeting between the seller and the purchaser of the property, the sales contract as well as the completion of formalities at the notary and the office. If his client will need a mortgage to complete the real estate transaction, the real estate agency will assist him to put all the odds in his favor. The services of the luxury real estate agency are mainly aimed at ensuring the smooth running of all real estate transactions: purchase, rental or sale.
The other services of a luxury real estate agency in Paris
Apart from the services mentioned above, a Parisian luxury real estate agency also offers other services such as decoration, furniture or even the layout of the property. Most real estate agencies help their clients find qualified domestic staff, companies specializing in work and decoration, or even find a good school near the property. In fact, everything depends on the needs of the customer who wants to integrate their new home more easily.
The specificities of luxury real estate agencies in Paris
The luxury real estate agency stands out for several criteria. Although, at its core, its mission is to help its clients find or sell real estate, it only offers high-end properties for high-end customers.
An agency specialized in unusual goods
The luxury real estate agency only manages high-end properties. This is what characterizes it among general real estate agencies. The properties in question are not only for exceptional properties like mansions, because while it may not seem as modernist and unique, its location and historical past could increase its value. The luxury real estate agency will then identify them and offer them to specific customers. To see more clearly, you will find below some luxury real estate properties and their characteristics.
The types of property
Buyers of luxury real estate do not necessarily have the same taste. While some people like luxury apartments, others prefer houses with character. Each of these properties has its particularities that we will discuss below.
Chateaux: these are properties that can be sold for more than 30 million euros. While maintaining their cultural and historical value, today's castles benefit from a more contemporary and majestic construction. They generally offer over 800 m² of living space. For this type of luxury real estate, the most popular on the market are those with vineyards, castles that are part of the Supplementary Inventory of Historical Monuments as well as castles built from the 16th to the 18th century.
Manors: With an area of 600 to 800 m², a mansion has a main building and outbuildings. It is a bit like a small castle that served as a habitat for noble farmers in the 15th century. This type of property is only built with high quality materials and is used for agricultural purposes.
Character houses: These are houses that seduce mainly by their charm and the quality of their construction. Apart from the materials used to build a house of character, the layout of the rooms, which, by the way, are very comfortable and well equipped, is also a criterion that allows it to be valued and classified as a prestigious property. A house of character generally has a swimming pool, a large garden, a chalet or even a pool house, etc.
Luxury apartments: You will find them mainly in the chic neighborhoods of big cities like Paris. Spacious, made of high quality materials and offering a panoramic urban view, the luxury apartment is generally located in Haussmann buildings. There are also the penthouses which are high-end apartments with large terraces and a well-appointed roof garden. Paris also has lofts that are attracting more and more buyers.
Architect houses: it is a house that its owner designed himself. That is to say, it was the architect who took care of his design from A to Z so that it perfectly suited his lifestyle. Generally, architect-designed houses incorporate modern and vintage technological components, according to the desired comfort. They also stand out for their shape, which is often quite simple with a clean and modular design.
Private mansions: this luxurious property served as a princely residence in the Middle Ages. It has several living rooms and is generally built of ashlar, marble, or brick. Paris has around 400 private mansions that are among the most coveted prestigious homes in the country.
The luxury districts of Paris
In addition to its characteristics and rarity, the location of the property in a specific neighborhood will also have a major influence on its value. Here are some neighborhoods in Paris where luxury properties are the most coveted.
The 7th arrondissement of Paris: It is the most desired place for buyers of exceptional properties. With its iconic monuments including the Eiffel Tower, its luxury apartments, its magnificent avenues and boulevards as well as its grand architecture, this district also seduces by the high quality of life it offers. It is in particular in the district called Gros Caillou that the most fortunate of the capital live.
The 8th arrondissement of Paris: When we talk about the luxury districts of Paris, it is obvious that the Champs-Élysées and its luxury and fashion boutiques are among them. You will find the most beautiful luxury houses in the City of Lights, whose price per square meter starts at €16,593.
The 4th arrondissement: It is home to exceptional architectural buildings. The luxury properties that appeal to buyers in the 4th arrondissement are characterized by their charm that is both traditional and modern with its exposed beams and high ceilings.
The 16th arrondissement of Paris: Opposite the Eiffel Tower, this district is very popular with buyers who want to benefit from a quieter environment. They can find large apartments with 3 to 4 bedrooms.
High-end properties for exceptional customers
It is obvious that luxury real estate in Paris is only accessible to a handful of people. Those who can afford luxury real estate in Paris are usually politicians, celebrities, international entrepreneurs and wealthy individuals. It should be noted that the French are not the only ones to covet high-end real estate in Paris, because the city of lights also seduces foreigners. Between January and September 2021, Chinese buyers concluded 2.8% of sales while Italians concluded 3%. Americans account for 1.7% of sales.
Access to off-market goods
This is a major asset of luxury real estate agencies. A property is said to be off-market when its sale is not displayed in online property ads or in real estate magazines. The owners of these properties want the sale to take place discreetly and for the property to be acquired by the right profile.
It is usually the high-end properties that appear on the hidden market. It is rare to find more classical properties there. In addition, they must meet very specific criteria: be in perfect condition, meet strong local demand and have particular characteristics. This market is not easy to access, so the luxury real estate agency benefits from its network to access it. To do this, it maintains a close relationship with many real estate professionals such as real estate developers, brokers, notaries, etc.
Some buyers can access the off-market market directly, without going through a real estate agency. However, he must meet a few conditions to have the right profile. This includes his budget, the type of property he is looking for as well as his search criteria. They must all align with the offers offered on the luxury market.
For sellers, selling their luxury property on the off-market market has many advantages. The ad will only be presented to certain buyers, i.e. those who are likely to acquire the property. The sales period is shorter and there is not necessarily a need to do a lot of advertising. It is even possible that the purchaser is already present in the file of the luxury real estate agency.
Solid experience in luxury real estate transactions in Paris
Thanks to the expertise of its team, the luxury real estate agency can easily manage all the requirements of its customers.
In general, a luxury real estate agent masters at least one foreign language, but also negotiation techniques. A luxury real estate agency worthy of the name does not only have its years of existence and experience as an argument to justify its know-how. Its agents are constantly evolving to optimize the quality of support given to each client. Since it only manages luxury real estate transactions, such a real estate agency ensures that it remains reliable in all circumstances. Its agents are attentive to the needs of each client. They offer advice that is relevant to his expectations and his budget.
For sellers, the luxury real estate agency respects their commitment to confidentiality. Their property will only be presented to a handful of customers who are likely to be interested and buy it. In particular, their identity will be preserved via anonymity and security clauses or off-market clauses.
The qualities that a luxury real estate agency should have
To meet the requirements of its customers, a luxury real estate agency must have a few qualities.
A good knowledge of the market
It is the guarantor of the reliability of a luxury real estate agency. A real estate agency that knows the market well is in a position to effectively manage the entire real estate transaction process. During the first contact with her client, she provides him with accurate information on her services and how she manages them.
Serious
People who are interested in luxury real estate in Paris are generally demanding. This is in particular for this reason that luxury real estate agencies in Paris aim for the quality, rather than the quantity, of transactions. Its agents are well trained to properly manage human relationships and to provide tailor-made follow-up to each client.
Attentive and proactive
A luxury real estate agency will only be able to identify the real needs of its client if it gives it its full attention. Also, the real estate agent must listen to his client when he presents his project to him. This is what will then allow him to make him a proposal in relation to his objectives and the type of property he wishes to acquire or sell.
If it is a real estate sale, the aim will not be to speed up the process, but rather to value the property and find the right buyer profile. As for the purchase of real estate, the agency mainly takes into account the profile of the purchaser in order to anticipate his expectations and provide him with interesting proposals.
Responsive and professional
You have to be fast enough to land every opportunity that comes your way. A true professional can generally get ahead of his competitors since he remains on the lookout and informed about market developments and everything that can influence it. The agent stays in contact with the client to inform them of the progress of the project.
Have a good mastery of marketing
Online or offline, a good marketing strategy will always be necessary to ensure the success of each real estate transaction. Agents working in a luxury real estate agency must be charismatic and have a good presence. From the first meeting with the customer, the customer should feel comfortable and confident with them.
Why are luxury real estate agencies so important?
Whether you want to sell or buy a luxury property in Paris, going through a luxury real estate agency will always be of great use to you. Indeed, competition is very tough on the luxury real estate market in Paris. In addition to saving you time, such a professional also offers you the opportunity to find the rare pearl.
Thanks to its large database and its network, the luxury real estate agency will quickly find properties that meet the needs of its client. In addition, she assists the client in the legal procedures relating to the transaction. She will provide him with all the information he needs to give life to his project: the financing cost, various formalities, the organization of the visit, etc.
For sellers, the support of a luxury real estate agency makes it easier to find a buyer. She is in the best position to negotiate and assess the value of the property so that it can be sold at the best price. In addition, its access to the off-market market and to private lists allows it to find the right buyer more quickly.
Some practical advice for choosing a luxury real estate agency in Paris
When choosing a luxury real estate agency in Paris, there are a few things you need to consider. By visiting its website, you should have no trouble understanding its benefits. In particular, its website must reflect its know-how. A well-referenced site, with relevant content and that offers a good user experience is a sign of reliability and professionalism.
On the other hand, the ads of the luxury real estate agency must be very precise and relevant. It generally uses several communication channels to broadcast its ads, depending on the targets. When talking to the agency, do not hesitate to ask them questions about the types of properties they offer and that they have recently sold. You can also ask her for information on commissions (5 to 8% of the value of the property in general), the services she offers (tailor-made or not), the system she uses to preserve the confidentiality of data related to the property, etc.
In short, the intervention of a luxury real estate agency is a necessity if you want to acquire or sell a prestigious property in the city of lights. Some people also prefer to use the services of a luxury apartment hunter in Paris. It is an option that also has many advantages, but you just have to choose a real professional to get the most out of it.
