6 Awesome Tips to Purchase a Luxury Home

Luxury is a unique subject that’s subjective to one’s taste. The perception of luxury is different from one person to another. There’s no one design, style or size that defines a luxury home. It could be a calm house along the woods or a contemporary home on the side of a mountain.

If you’re looking to purchase a luxury home, you do not really mean an expensive house!

You’re looking for a home in an exclusive area with all the amenities you have been dreaming of.

Undoubtedly, you are looking purchase a luxury home that gives you a wonderful living environment - in style!

You’re looking to provide ample space for your kids and your fleet of vehicles!

You want to make sure it is the right investment for your family’s future.

Luxury homes have the most impressive design and architecture, best landscape, finest finishes, best amenities, expensive furniture and fittings and the best appliances available. Although it’s difficult to quantify ‘luxury’, the buyers will know it only when they see it.

It is worth spending enough time on analyzing the neighborhood, style, and architecture before purchasing a luxury home.

#1 Make a list of what you want

The choice of home is completely yours! You must look for a good-fit-house that is perfect for your family. Make a list of what you and your family needs. Make a list of your lifestyle, taste, and choice of architecture.

Try answering these questions

· What is the quality of life you are looking for?

· How many members are in your family?

· What is the budget?

· Which property will be best for your family?

· Which area is better for you?

· What’s your taste or choice of luxury home?

· What does your family like?

· What are the features you would like in a luxury home?

· What are your priorities?

There is a difference between buying a standard home and a luxury home. The competition involved in a luxury home is lesser than the normal ones. You have exclusive collections and great offers on purchasing luxury homes.

You need to spend enough time researching various aspects and try to negotiate to make the best deal. Buying luxury home is not an overnight decision. Do not rush through the process and end up in disappointment.

#2 Know the best way to find your dream home

It can be a challenge to find the best-fit luxury home. It takes a lot of time and effort to research different communities that have luxury homes. You need to explore neighborhoods online and offline.

You need to team up with the right real estate agent!

But, why?

Right real estate agents have experience in the luxury property market

· The agents will be able to give you your options for different properties in different areas.

· They have a huge network of great luxury home sellers so, you have many options to explore

· Real estate agents know about the property, area, and home in which you are interested

· They know the properties that are for sale but not advertised publicly

· Agents will be able to direct you to the right property based on your needs and demands

· Your confidentiality is their priority

· Answers and information provided by them are reliable and valid

· They are professional advisors who help you to take the right decision at the right moment

Overall, you can save a lot of money and time during the process to purchase a luxury home

#3 Don’t be impressed with pictures and walkthrough videos

Don’t be impressed with the photographs of the front elevation and the architectural beauty. Many professionals out there can enhance the beauty of the homes just to draw the attention of the buyers.

Professional photographs are great but it cannot be the means to finalize a deal.

Do not buy unseen houses. Even if you are a thousand miles away, take your time to travel and visit the locality before you invest. Stay in a hotel room close to the locality and observe the surroundings of the luxury home you are willing to purchase.

#4 Know your neighborhood

Understanding your neighborhood is a mandatory process while purchasing a luxury home.

Location is the most important factor while searching for a home. You need to understand the types of amenities the location offers you.

· Are you looking for a home near the beach or lake?

· What’s next door to your property?

· Is there a chance for other development activities to take place?

· What’s the potential worth of the house a few years down the line?

Try to understand the local trends, amenities and the plans for your location. Try to consider the changes that would happen in the years to come and explore how the changes would affect the lifestyle of your home. Make wise decisions after talking with the experts in the locality.

#5 Consider your financial abilities

Don’t let your finances stop the process of buying your dream home.

It is important to consider the financial abilities before you step in for negotiations. Make sure you are liquid enough to make the purchase and that you have already completed the pre-approval process with your lender.

Or, you may want to pay cash? Have you financial statements ready from a reputable institution showing enough funds to complete the purchase.

Taking a loan is a wise decision but cash purchase is preferable for stronger negotiations.

You need a team of experts before you purchase a luxury home. Work along with the best real estate agent, trusted financial advisor, a lawyer to handle legal formalities and an accountant to manage your money.

#6 Keep an eye on the resale value

When you are shopping for luxury, you need to know the resale value.

This rule is really applicable to any home you buy. The location and the condition of the home will help you determine the resale value of the building. Checking home sales around the area regularly can give you a general idea of what your house is worth in present markets. Also, when you do home inspections, you reveal the maintenance and upgrades for the future for the property.

What’s best is to consult with a local real estate specialist to learn the value of the house in today’s market.

Final thoughts

When you’re ready to buy, pay attention to the location, financial ability, and the resale value. When it comes to real estate, you need to look for rooms of improvement, growth, and enhancements. For more information call:

Roger Perry,

Executive Estates Director,

Rodeo Realty Beverly Hills.

310-600-1553.

Website: http://rogerperry.com/

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Buying a Luxury Home? Check Out The Tips

We all work hard to get what we dream about. Some want a car, others an exotic vacation and some dream about having a luxury home. You may have acquired the money for a marvelous creation which you want as your home but experts say one should always have good knowledge about what to seek for when they are doing a purchase. So, for instance, in case of Luxury Homes for Sale in Beverly Hills, you should know what to look for so that you can make the right choice and invest your hard earned money in the right place.

Know how to search right

The first search begins from Internet. There are hundreds of sites enlisting houses as per your preference. But there may be some better ones which are not mentioned on the list because the seller wants to protect his/her privacy. In such cases, their contacts are available with realtors. You have to go beyond the search engine to get great deals or else you may have to invest your money which is not really worth it.

Look for more than just photos

Photos are not the best way to judge a property like Luxury Homes for Sale in Beverly Hills. Some homes are not photogenic or are placed in such angle that the actual area on which it is built is not well indicated. It is advised that before buying a luxury home, the client should always inspect the property personally and also check the place on Google Earth so that they have a better idea of the surrounding place where the house is situated.

Local expert is the best option

Local people are the ones who will have all the information about the property that you are planning to own. Therefore, it is best to have alliance with a local expert and gain better control on high end properties without the hassle of having to make extra appointments for meetings.

Go to a known bank

It is always recommended that you go for a bank where you are a known customer. There will be less delay in proceedings and will be lot smoother. They will already have your portfolio. They will not confuse between pre approval letter and pre qualification letter and will have all the process finished in no time.

Have document for everything

It is necessary that as a buyer you need to have every document to all the earnings you have that you are going to invest. Today, the bank has made the scrutinization stricter. And therefore it is more necessary to contact that accountant or assistant and make legit copies of all the money that you are going to spend to buy the luxury home of your choice. If the bank gets even a bit doubtful, they may just cancel the whole proceeding.

Find the best advisor

Your realtors are not the best person to go for financial advice. Hire someone smart, capable who will take good interest in where your hard earned money is being invested. Be in contact with your advisor before finalizing the deal and if your advisor disagrees with your decision of buying the property that you have finalized, arrange for meetings and have a detailed discussion to hear their views based on which they are opposing your decision.

Know the surrounding and schedule

It is important to have a detailed knowledge about the surrounding ongoing projects so that they do not hinder your space. Also, get information about when you will get hold on the property. It is not wise to hold up the money for long.

Content is originally published at: http://rogerperry.com/buying-luxury-home-check-tips/

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Best Real Estate Tips For 2017

While the real estate in 2016 saw lower interest rates, the current year is going to be a good year as far as real estate is concerned. There is a shift in the pattern of home prices. The prices of the low to mid range housing seem to be on the rise while the prices of the higher priced housing are going stabilizing. 2017 is going to be dominated by sellers. Buying a house still largely remains a long term “savings plan” for most people.

So here are a few tips to make the most of the current market situation:-

· If you are planning to buy your first home in Beverly Hills or in another posh locality in Los Angeles, now is the right time to do so. Get moving immediately because according to some surveys more and more millenials are on the path to buying their homes which means that we can expect bidding wars as well as prices soaring like never before. You can start your quest for the perfect home by getting in touch with the best Real Estate Brokers in Beverly Hills.

· If you are planning to sell your property, the best thing to do first will be to find the agent that knows what you need and how to get it done. If you do not find a suitable agent, you could lose not only time but thousands of dollars as well. Look at the agent’s online listings. Try to assess the seller’s profile by cross- checking with reviews on the web. Once you have done your research, the next thing that you can do is shortlist three to four agents and interview them personally. Ask them everything that's on your mind.

· There is good news for the people who are planning to buy property. This year affordable financing will be available again. This means that even if your FICO score is as low as 690, you can find loan to buy property.

· For those who are currently renters, it may be time to rethink your financial strategy. In the current scenario, it may be better to buy than to rent as the prices of rents are going up pretty fast. To calculate, whether you should buy or rent you can use calculators like Bankrate’s calculator which can help you compare various variables. You might need to ask for professional help from the best Real Estate Brokers in Beverly Hills in case you are planning to purchase a property in that locality.

Content is originally published at: http://rogerperry.com/best-real-estate-tips-2017/

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6 Tips to Identify A Professional Real Estate Agent

Looking for the best real estate agents in Los Angeles or any other metro city for that matter can be a difficult task for various reasons. First of all, you are entrusting someone with something that you have worked so hard for, i.e. your property, Secondly, in most cases, background information about the real estate agent is not available. So, finding a real estate agent to whom you can have full confidence is very important. After all, there is not much scope making errors while making decisions in real estate market. It can make or break your future.

So, if you are looking for the best real estate agents in Los Angeles and do not know where to begin, here are a few tips that can help you get started on the right path.

• One of the best ways to establish confidence in a real estate agent credentials is to speak to his previous clients. If the track record of the real estate agent is good, the word of mouth will affirm the same. You can ask the clients about what type of property they had sold or bought and understand if the agent specializes in the type of property you own. Also, do not forget to ask how long it took the deal to complete.

2. Check if the real estate agent you are planning to hire has a valid license. All real estate agents have to pass an exam and thereafter they are given the license. All information pertaining to the same can be found online and you can also check if the track record of the agent is spot- free or not.
3. Just like doctors specialize in their chosen field, real estate agents can specialize in a certain aspect of real estate business. Most real estate agents put their additional qualification after their name. You can check up the additional qualifications of an agent by referring to the Internet. This can tell you if the real estate agent will be able to take up additional tasks on your behalf or not.
4. You definitely should look for an agent who is currently practicing in the business. Someone who has been out of the business even for a few months takes some time to get back in the game and you really do not want to risk your time in the hand of such an agent. So, either you can ask the agent directly or the state licensing authority about the agent.
5. Most real estate agents today have their own website and generally, the websites are always updated with their current listings. You can check on their website to make a comparison between your property and the property your agent has sold or bought for his clients.
6. Ask about other properties that are on sale. Good real estate agents always have the information about various properties in their area. So if upon being asked about various properties around in the area, the agent is able to give you some details, then it means that he or she is actively involved in the business.

Hopefully, some of these tips will help you in getting the perfect real estate agent that you are looking for.

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