5 Tips For Buying A Luxury Home

All Things Buying

Luxury homes are generally described as those in the top 10% of their market. Luxury homes are usually located in the most optimal areas in a market, are large in size, and built with high-end materials. Luxury homes often have unique design elements and amenities not found in most homes. Want an indoor shooting range, a rock-climbing wall, a ballroom, or a bowling alley? A luxury home might have one of these– or all of them!

If you have not purchased in the luxury market before, you should be aware that the process can be very different from buying a standard single-family home. Here are some tips to help you navigate your way through the luxury home market.

1) Be patient. Shopping for a luxury home may take longer than average. For one, there are not as many of them, which, of course, is what makes them special. Since many luxury homes have décor or features that are distinctive, quirky or eccentric, finding one that fits your style may take a little while. The closing process may also take longer as there is more to inspect, more to negotiate on, and often special circumstances to be worked out. Make sure you are getting what you want. When you are investing millions of dollars in a home, you want to make sure you don’t settle.

2) Know where to look. Luxury homeowners, particularly if they are high-profile people in their area, often don’t want their home pictured on MLS. You may need to network with people in your desired area to find out what homes are being offered. Look online for luxury home sales websites such as mansionglobal.com or luxuryportfolio.com.

3) Check for possible planned development. Don’t assume that the lovely pond or wooded park behind the property will always be there. Make sure you know of any development plans that may affect your view, the amenities around the property, and the future resale value. You don’t want to buy a home for its beautiful ocean or mountain views only to find out another property will be built in the way.

4) Consult with your financial advisors. Make sure you qualify for the purchase amount you are thinking about. Luxury home sellers will often want to see proof that you qualify to purchase their home before they even allow a showing. If you do get a showing, you will certainly need to have your financial preparations done before you contemplate an offer. Everything is scrutinized more closely in the luxury price range. You should also make yourself aware of all the financing options available to you.

5) Work with an experienced luxury home agent. The right agent knows all of these tips and more. We are knowledgeable in the high-end neighborhoods in our market area and understand the intricacies of negotiating and closing on luxury homes.

Are you ready to purchase a luxury home? I’m available and ready to help you in your search!

Hi, there!

I am a REALTOR® with CENTURY 21 Coast Properties. I am in the business of building relationships. I will take the stress out of home buying or selling by sticking by your side through every step of our transaction, from closing and beyond. All while having fun!
Say goodbye to "what ifs" and the stress that can come with real estate and say hello to your real estate agent for life!

Let's Meet

Contact

910.305.6618

13123 E Emerald Coast Pkwy. Suite G Inlet Beach FL 32461

brooklynnchapman@gmail.com

Buy

My Listings

Sell

All Articles

schedule your free consultation

Hi, there!

I am a REALTOR® with CENTURY 21 Coast Properties. I have a passion for helping first time homebuyers with the biggest purchase of their lives! I am also RSPS certified to help with second home/investment property buyers and sellers. I worked for a local developer for 3 years, so I am knowledgable on new construction. I look forward to working with you and getting you your own slice of paradise!

schedule your free consultation

Buy

My Listings

Sell

All Articles

I need the Home selling Guide!

Have you been wanting to sell your house but are overwhelmed and don't know where to start? I will show you how to minimize stress and maximize your profit!