If you’re looking to be buying a luxury home, you aren’t merely looking to buy an “expensive house”.
You are looking at the crème de la crème of housing in an exclusive area.
Luxury homes have the most impressive architecture, best-looking landscaping, finest finishes and state-of-the-art appliances.
And they will undoubtedly provide ample space for your family and your fleet of vehicles too!
Buying a luxury home can truly provide a wonderful living environment in style for years to come.
Thus, needless to say, it is worth using the utmost care when actually buying a luxury home!
You want to make sure it’s the right investment for you and your family into the future!
Here are eight tips for ensuring peace of mind when buying a luxury home:
Buying a Luxury Home Tip #1 – Enlist the right real estate agent
First things first, you need to team up with the right real estate agent!
What does the “right agent” look like?
(1) The right real estate agent for you has experience and has shown good results in the luxury property market!
Past performance really matters! You want to make sure you’re being properly taken care of!
After all, this market is in a league of its own, and just because an agent has had success in a mid-range housing market doesn’t mean the agent will necessarily know the ropes in this unique sector of the real estate industry.
Fair, no?
The right agent will have no problems furnishing you with raving testimonials of satisfied luxury market clients!
(2) The right agent for you not only knows luxury real estate, but s/he knows the area and the property in which you are interested.
The agent will be able to give you options and let you know what other similar-looking properties are on sale in the area, how long they’ve been on the market (Days On Market a.k.a. DOM), price adjustments and any other real estate data you desire!
A lot of times, the agent will be aware of so-called pocket listings or properties which are for sale but not publicly advertised. Here you think to you’re aware of all the available luxury homes on the market, and suddenly, a number more appear like magic!
(3) The right agent for you will have his or her own luxury website which clearly states their area of expertise or specialization i.e. “luxury homes for sale”.
(4) Immensely important is that the right agent for you will have a great network of peers and luxury home sellers.
As mentioned in the second tip, the agent will have knowledge beyond the online listings. This is where past performance becomes so important! S/he will be able to point you in the right direction no matter what specifics you are looking for.
Read More: 8 Tips for Buying a Luxury Home
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