Advice For Buying a Luxury Home

Owning a luxury home is an amazing feeling, but before the keys are in your hand, you must first navigate a quite different process than normal real estate transactions.

When entering into the luxury real estate market, it's wise to heed the advice of agents and buyers who are familiar with these endeavors. Here are a few tips to consider as you shop for a luxury home.

  • Create a Wish List Buyers of any home can get easily overwhelmed with their options if they don't have a checklist to keep them grounded. Create a list that details the elements or amenities within the home that you absolutely need, that you would like, and that you don't necessarily want. This will keep you focused on finding the home that accurately meets your lifestyle needs.

  • Explore the Area Although being satisfied with the home itself is important, you must also consider the pros and cons of the community or location of the house as well. Consider creating a separate list of amenities or features that you desire from your ideal community or neighborhood.

  • Don't Rely on the Listing Alone To see the house in every light, literally and figuratively, be sure to visit your prospective properties multiple times, ideally at different times of the day and night. Tour the house frequently so that you can look beyond superficial elements and objectively assess the advantages and drawbacks of the entire property.

  • Pay Attention to Resale Value Although the real estate market is uncontrollable, you should always weigh the resale value of any home you're considering for purchase. Real estate is an investment, and when it comes to luxury homes, you want to protect this investment from the get-go.

  • Get Loan Preapproval Prior to the Offer When you get preapproval for a luxury home mortgage loan, it confirms that you can afford this purchase. It also gives the seller confidence that your offer will not fall through due to financial limitations.

  • Don't Skimp on a Luxury Agent To purchase a luxury home, you require a luxury estate agent. A real estate agent is your greatest resource and advocate. Hiring a knowledgeable agent experienced in buying luxury properties will save you time, hassle, and money long after the transaction is finalized.

Purchasing a luxury home is an exciting prospect. As one of the most significant financial decisions of your lifetime, you must proceed with this endeavor as knowledgeably and responsibly as possible. Use these tips to help you make your luxury homebuying goals a spectacular reality.


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The success of the firm can be traced to the culture that was first established in 1958, and has evolved with only minimal changes to the guiding principles. The legacy in the luxury real estate market indicates a high probability that your home will be sold in the shortest possible time, at the highest possible price.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than John R. Wood Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.

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