After dreaming about home-buying for years, you are more than ready to take the plunge and start looking for a luxury home.
To help make this exciting time as stress-free as possible, remember these and other words of advice:
1. Understand Luxury Means More Than Huge
Yes, a luxury home will likely have impressive square footage. But it will also typically be in an incredible location; for instance, on the top of a mountain with amazing city views, on a lake, or on a large piece of desirable property.
A luxury home should also come with an array of desired amenities and premium materials. Oh, and it should feature a unique design — nothing cookie-cutter. Of course, all of this will add up to a higher price, which is why you need one of the best real estate agents to assist you.
2. Select a Top Real Estate Agent
To make the search for your luxury home smooth and successful, you’ll need to find the best real estate agent who’s highly experienced in representing these types of properties. To assist in finding the best Realtor near you, unique systems can help match you with one of the top real estate agents in your area. Let them know your budget and your desire to buy a luxury home. You will then be paired with the best Realtors, ready to help you find the upscale home of your dreams.
3. Know Your Financial Options
Before starting your search for a luxury home, get your financial ducks in a well-organized row.
If you plan to pay cash, be sure you have liquid assets at the ready for if and when a home you love comes on the market. For a traditional mortgage, get pre-approved. This will let you know how high you can bid, as well as how much of a down payment you’ll need to set aside. After all, the last thing you want is to find an incredible luxury home already snatched up — all because you had to pause the process to figure out financing.
4. Take In-Person Tours vs. Relying on Photos
The internet has undoubtedly made shopping for a luxury home more accessible than ever, as you can tour several potential abodes from the comfort of your couch. Additionally, aerial photos taken by a drone of the entire property can give you a good idea of the neighborhood and property. However, while those professional photos are great, they won’t do larger homes justice. If you like a neighborhood and the overall home exterior, ask your agent to schedule an in-person tour. That way, you can walk through and get the full experience of what the space offers.
An Educated Buyer is a Relaxed Buyer
Like many things in life, the more you know about buying a luxury home, and the more you prepare, the smoother the process will go. By choosing a top Realtor early and organizing your finances, you’ll be ready to look at amazing homes in person — not just online — as they become available. Before you know it, your agent will hand you the keys to the luxury home you have dreamed about owning for years.