C
ompass Resorts is taking its luxury service to the next level by having agents act as "wealth managers" for their clients, providing tailored support for those investing in vacation homes. According to Jordie Karlinski, a Compass agent and co-founder of Compass Resort, this approach goes beyond traditional white-glove treatment to address the unique needs and priorities of this sector.

    Agents like Jack Pearson, based in the Hamptons, help clients understand the investment potential and seasonal rental prospects of their properties, making them more than just homeowners. With complexities like insurance and zoning rules involved, working with an expert becomes crucial for navigating these markets.

    Compass Resort is expanding its reach beyond well-known luxury destinations to "feeder markets" such as the San Juan Islands in Washington state or Lake Geneva in Wisconsin, offering a wider range of options for clients. This trend is supported by a Compass report highlighting that 10 U.S. markets saw homes sell for over $10 million for the first time in 2022.

    As clients navigate decisions like choosing between a beach house and mountain cabin, they require expert guidance to make informed choices. According to Steve Springer, a Compass agent in San Diego, this is where Compass Resort's agents come in, providing personalized support for those entering the vacation real estate market or expanding their existing portfolios.