When looking to buy a luxury home, there are special considerations that must be factored in and pieces of advice that can be gleaned. A luxury home is the best-of-the-best in every way. You are looking for a spacious home that offers beautiful architecture, landscaping, exquisite finishes and the best appliances. Consideration and thought must be put into every piece of the decision because it will be your family’s home for years to come.
These 6 tips will help you to navigate the process and choose the home of your dreams:
Real Estate Agent
A luxury home search requires a real estate agent experienced in the market. Luxury properties are in a different market and you want to choose an agent that has experience and testimonials when it comes to helping buyers find a luxury home.
As important as the specific home is, the proper real estate agent will know the right areas as well. They will provide you with information on the neighborhood and similar home prices in order to steer you in the right direction. Also, a luxury real estate agent will bring previously unknown options to your attention through their network of peers and sellers.
It may seem like common sense but buying a luxury home requires larger figures. It is common, in the luxury home market, for sellers to ask for your financial situation prior to entering into negotiations or a viewing of the property. When the offer is ready to be made, it is also possible for a seller to request a bank statement to ensure the funds are available. If you do present the seller with the requested information, be sure to redact your address and account number from the statements.
Although bringing lawyers, accountants, real estate agents and financial advisors onto your team will help the process, the final decision is ultimately yours. You must choose a luxury home that fits you, and your families’, needs. Does the property you are eyeing provide you with the desired quality of life and will it suit your tastes?
Do Not Rush
Home buying should never be done in a hurry, especially not when hundreds of thousands if not millions of dollars are on the line. A luxury home is an investment and should be treated as such.There is an increased likelihood of negotiating power in the luxury home market because of the exclusivity and decreased competition. Take your time and consult with your real estate agent to narrow down and get present the best offer.
See It in Person
Whether you are moving down the street or from across an ocean, fancy pictures and brochures only do so much. If possible, visit the property multiple times and at different times to paint a complete picture of what it would be like to live there.
Bring in a qualified home inspector to assess the luxury property. Likely outfitted with high-end appliances, technology and security systems, you need an experienced inspector to perform the job properly.
There are other intricacies that must be taken into consideration and that is where an exceptional agent like Jeff Barchi comes in. His unmatched experience when it comes to buying a luxury home will help you to find your dream home for a great price. Don’t navigate the process alone or bring in someone unequipped for the job, contact Jeff Barchi today.