AIPIS 52 - The Luxury Real Estate Market with Scott Foerst

Scott Foerst is the Director of Luxury Real Estate at Heritage Auctions. With high-end markets running hot and cold nationally, seller’s and brokers are turning to auctions to sell their multimillion dollar properties. As the third largest auction company in the world, Heritage brings global marketing and influence to the table for its sellers. Foerst explains in greater detail in this podcast.

Foerst also discusses the market changes he is seeing in 2014 versus his decade of auctioning luxury homes. He analyzes whether he typically sees higher prices via the auction method versus traditional methods.

Foerst finishes the show by talking about the ideal client or broker referral for Heritage and the auction process.

Scott Foerst joined Heritage Luxury Real Estate Auctions with more than 20 years of private real estate experience ranging from design, construction, and the sale of exclusive properties throughout North America and the Caribbean. After graduating from Carnegie Mellon University School of Architecture, Scott worked as project designer where he oversaw $28 million of private residential projects and client relations. His broad knowledge of auctioning one-of-a-kind residences includes management of the marketing and sales efforts in addition to procuring future clients by collaborating with national brokers and private owners. Additionally, he has lectured on high-end residential auctions throughout the country as well as maintaining positions on nonprofit boards.

Visit Heritage Auctions at http://www.ha.com/.