People also ask
What is a luxury home?
For most of us, though, luxury homes are totally ordinary homes for which some buyers and renters, if the market is hot enough, might be willing to pay luxury prices. A simple thought experiment demonstrates this: Imagine that you could airlift a cute San Francisco Victorian house into East Baltimore.
What makes an apartment luxury?
A tricky question is what makes an apartment luxury because each apartment community will have its own answer. The simplest answer is that a luxury apartment is a high-end dwelling that goes above and beyond when satisfying your needs and wants. You鈥檒l find more amenities in luxury apartments than in regular apartments.
Does 鈥榣uxury鈥?have a place in the real estate market?
And in real estate, where the right description can draw buyers to a home on the market, using the right terms is crucial. So when half the homes on the market are suddenly marketed as 鈥渓uxury,鈥?the definition of the word starts to melt away.
What is a luxury real estate agent?
The Institute for Luxury Home Marketing, which specializes in training real estate professionals in high-end home sales, defines luxury agents as those performing in the top 10 percent of their given market.