Luxury Home Buying 101
Did you know many high-end properties are not listed on MLS or other home buying search engines. So, how do you go about finding the luxury home of your dreams? Hiring a qualified agent who has a working knowledge of the luxury home market is the best option you have. In some cases, agents have inside information about a listing before it is even placed on the open market.
Applying for a loan to buy a luxury home usually takes longer than a regular loan, so be sure to give yourself plenty of time. For further guidance on moving forward, speak with a mortgage lender about what type of loan is best for you, your purchase range, if you even qualify, and much more. Most real estate agents recommend you have financial approval early on to avoid any surprises when you go to make an offer.
Be clear on what you are looking for and do your due diligence. Just like with other properties, it is important to take time to properly inspect the luxury home prior to purchase. This can take a little more time as specialized home inspectors may be required.
There are a lot of wonderful agents at RE/MAX Metro ready to answer your questions and help you find your next luxury home.