The first factor you must look at is the size of the house and the whole property. This is a key determinant in the price of the property on sale. Now the surrounding areas of the property! You will want to know if it is a waterfront property and it has the beautiful view of an ocean or another water body. Luxury life is also about other luxury leisure activities like gaming, etc. You will definitely be curious in the proximity of the place from luxury amenities. Say for example a golf course. Now consider the market value of the luxury home.
Here is what I would recommend you did instead of running to a property agent the minute you decide to sell your house. Try an online real estate company such as you might find on FlatFeeListing in your state. They will put your home up for sale in a Multiple Listing Service. At one time, it used to be that these were only accessible to a real estate in Marbella. estate agent; not anymore. And you don't pay 6% either - all you ever do is to make a one-time payment of $500. Of course you'll still owe 3% to the buyer's agen. But, that the could still save you thousands of dollars.
Talk to real estate development. the people who will be your neighbors. Find out if people actually enjoy living in the area. Find out if there are problems with the rules. Ask what the people like the best about the neighborhood.
Only in the last couple of years has the government started to collect property taxes. Basicly it depends upon the value of the property you purchase. If you purchase a residential property and it is worth RD$5 Million Pesos or less (about US$150,000) then you pay 0 (zero) annual property taxes. If the home is worth more than that amount, you pay 1% of the value over and above RD$5 Million Pesos (or US$150,000). If you purchase raw land or undeveloped land, then in that case there is an annual property tax calculation regardless of the value. In our real estate listings you will find a large number of middle class home or luxury apartment for less than 5 Million Pesos, so you will not have any annual tax payments on your Dominican real estate company or service. Estate.
Stop thinking that as an agent you must discount your commission, or pay all the advertising costs for the client just to win the new business. These clients are not the ones you want. In most cases they are the hardest to deal with because their motivation is 'cheap'. Logical decisions are not part of their mindset and negotiations are therefore harder with these clients. More often than not the listing does not sell because the client will not listen to the market trends and choices (they think they know better). Time does invariably take care of these unreasonable clients, with no sale resulting and a distressed property sale or lease later on. You can then move back into the picture to offer your special services.
Before you actually put your property on the market, do yourself a favor. Hire an attorney. Not just any attorney, but one who specializes in benalus marbella real estate. Do not hire your family lawyer or the one who got you your divorce. Loyalty is great but it has its limits. You need someone who represents real estate clients every day, week in and week out, not once every couple of months. You do not want to be paying for someone to be trained on the job. You are likely to have much at stake in the sale of your land, and you simply cannot afford to have someone screwing it up because they are in over their heads.
Just because a property falls under the luxury umbrella, does not necessarily mean that it is problem-free. Structural problems such as improper weight baring pillars and roofing issues, evidence of water damage and mold, or piping and HVAC problems are just some of the problems one can find in any property. That is why it is integral that one conducts a home inspection before signing on the dotted line. Most importantly, make sure your contract for purchase includes a home inspection contingency, i.e. a statement that permits you to freely walk away from the property if the inspector finds a problem with it. A competent broker also won't waste your time or their own by showing you properties that aren't satisfactory.