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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Picking the Best Real Estate Agent- Top Tips

Striking the right real estate deal can be a difficult task for just about everyone. Whether you are a prospective seller, renter or buyer, looking for the best real estate agent that can get you the best deal can be quite tricky as well as risky. After all, it’s serious big bucks that we are talking about. As strange as it may seem,it is it’s important for your real estate agent to have some qualities similar to what you would look for in a date. That It can withstand the long term commitment. Well, for a few months anyway.

So now the question is what are the things that you should look for while searching for a real estate agent? First and foremost, look for chemistry and rapport. Yes, just as you would like to bond with a date, you should look for that instant connection with your real estate agent as well. If you are looking for someone with patience to answer all your queries with ease, keep looking until you find someone. Remember, you have to be able to trust your real estate agent as you will be sharing you private financial status with him/ her. Also remember, cracking a real estate deal may take many months eventually, so if you do not like your real estate agent from the get go he/ she may just become intolerable in the future. So think and act wisely.

While you are looking for your real estate best match, it is important to look for positive personality traits. During your first meeting with your agent, observe the facial expressions, body language and gestures. Notice how they make eye contact and make a mental note of the content of their conversation. Negative body language can be a dead giveaway about the agent’s character. Training is imparted to every real estate agent but how many of them become successful in the real world? It is not only the training but inter-personal relationships that a real estate agent forms with his/ her clients that become a marker of his/ her success. So, don’t just check for the agent’s track record in terms of sales and deals that were successful, but also what his reputation in the overall market is.

While you may be tempted to hire the most seasoned and successful employee of a firm, chances of him being super busy and occupied are also high. So your deal may not be handled by him directly but may be conveniently delegated to someone else. Look for someone who makes your deal their current primary objective. Some of the best real estate agents in Los Angeles are the ones who have lesser number of deals but highest customer satisfaction to their credit. Lesser experience may not always be the correct way to judge a broker as there are many young real estate agents who are very passionate, driven and very good at their job.

Getting recommendations from friends and family about which broker to choose can be of great help, however if you do not have any references, you can directly ask the agent about his clientele. Feel free to speak to as many people as you can before making a decision.

Real estate agents should be open to communication and should have an understanding that while buying, selling and renting is something that they have mastered, it is a lesser known subject to most of their clients. Therefore a good real estate agent should be approachable and should provide accurate information whenever asked. Being the client, you have the right to ask for detailed answers to all your queries.

So don’t be shy and take your time in picking the best real estate agent. After all, it is your future that you are thinking about.

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Roger Perry Listing 9620 Cedarbrook Dr

Roger Perry Listing 9620 Cedarbrook Dr

Roger Perry is more than just a real estate salesperson, he is a licensed BROKER. Currently Roger is working with the prestigious Rodeo Realty of Beverly Hills and is proud to be in the TOP 1% of Sales Companywide!

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Tips to Select the Best Real Estate Agent

Before you select a real estate agent for a property transaction, you need to do an extensive amount of research within the market. With so many real estate agents, it’s quite difficult to select the top real estate agents in Los Angeles or in any region. Be very careful while selecting your real estate agent, set your preferences in priority and the budget will be justified in the current real estate market.

How to Find an Agent

Of course, there can be no better assurance than credentials. If you are a buyer, inquire about the past transactions handled by the agent and talk with a few past clients to learn their opinions. If you are a seller, check the difference between the asking price and the selling price. Also, check whether there are awards or endorsements given by trusted authorities to the real estate agent.

1.       Online Listing

The online directories provide a list of the top real estate agents within your preferred areas based on their marketing and relationship skills; this is a dependable way to find the top real estate agents in Los Angeles or in any other cosmopolitan city. Note the property transactions and prices posted by the agents in the directory.

2. Check Individual Websites

Sometimes the online directories cannot be trusted as they list the companies in order of how much is paid for their placement. It is better to search in Google for the top real estate agents in Los Angeles or another city. Visit each individual website to find out their offerings. You can find customer reviews on many company websites.

3. Follow the Network:

Relationships are a big factor for real estate. An agent, who is in good terms with the clients, even after a sale, can generate more business as people often ask their friends and family members to refer the name of a real estate agent. Not only clients, brokers from other areas can refer the name of a reputed broker in your area, if the latter maintains a good business network.

It is a good option to attend the Open Houses where you can find a friendly environment to meet real estate agents and find their contact details. Notice how well they are able to communicate with you or how much attention they are paying.

What You Need to Verify

•    Knowledge:
Check whether an agent has enough information about your location preference. See whether they keep recent updates of property listings. See the level of experience, that is, for how long the agent has been in the field.  For example, do they know the values and other valuable information off the top of their head.  It’s not wise for you to be a subject of experimentation.

•    Efficiency:
In the online listings, note the property ads posted by the real estate agent. Notice how quickly the ad disappears; it indicates how fast the agent is able to close deals.

•    Certification:
Check the training and specialization of the real estate agent. There are certifications like CRS (Certified Residential Specialist), ABR (Accredited Buyer's Representative) or SRES (Seniors Real Estate Specialist) to qualify the agents for different segments of real estate. So, be particular about a specialist for your type of property transaction.

•    License:
Each agent is licensed under state regulations. So, don’t forget to check the BRE license number of the agent and their professional past (whether there is any complaint or action against the agent). An agent with a Realtor® logo is enlisted with the National Association of Realtors and adheres to certain rules and ethics set by the organization.

Buying Property for Investment? Be Even More Cautious

Investment can be of two types: 1) buy and hold, or 2) rehab and sell. Whatever it may be, your real estate agent must have a good knowledge of the market, that is, which area is suitable for which type of deals. You need a smart agent who understands the buyer’s and sellers mind at every step. A good real estate agent will know that an investor will need to buy a property at the cheapest price possible and the property doesn't need to always be in the best condition.

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