The third episode of Million Dollar Listing Miami will air on Bravo this evening and while, you will have to watch to see for yourself, here are some spoilers: Laughs, cries, glass throwing. Chad is able to get a listing under contract and encounters complications that could sour the deal and also considers his own wine, appropriately name Chad- Teau, for a brokers open. There are a number of items on the episode that are dramatized for viewing pleasure, however a very real aspect of selling luxury real estate in Miami is the overwhelming importance of a broker open.
A broker open that lures top agents can speed the sale of a property in unbelievable ways. Firstly, in the high end market it is not uncommon to never meet a buyer. Buyers value their privacy and the buyer agent acts in their behalf most of the time. Another reason you may simply go through a broker is if the property is bought as an investment or bulk deal with funds that are joined in a limited liability corporation. Many new to real estate or practicing in different markets would think the splashy open houses would be where you would lure buyers, however in the Miami luxury market, it is all about impressing the brokers.