Thursday, August 14, 2014

Las Vegas High-End Homes for Sale: The Facts You Need to Know



More often than not, people harbor a cynical view when it comes to topics pertaining to luxury. While most people think that luxury is only for the rich, there are actually facts that you have to know especially if you are interested in luxury homes in Las Vegas. So ease your worries and relax as we give you the facts you need to know as a guide when buying your dream luxury house.

Luxury homes can be financed.

One of the most common misconceptions among people is that luxury homes are cash-to-pay homes. This is not really true because only 31% of luxury home buyers do really, really well to pay cash and others find the idea of financing much more practical. Of course, a luxury home will definitely require you to pay a larger down payment for a house and the process of loan approval might definitely take time. Still, if you don't have the money to buy it in hard cash, the house can still be yours through a bank or similar finance.

A picture only paints a thousand words.

You look at a picture and you see what Realtors want you to see. You interpret it your own way and you immediately love the curb appeal. But just so you know, listed luxury homes will always look beautiful when photographed. But don't discount those pictures as the tell all. If you want more than a thousand words and you'd rather have a solid proof of how jaw-dropping your choice of a home is, drop by the house address and see if the wow factor is still there.

Negotiation always has a room between buyers and sellers.

People love to get the best deals out of a well-executed bargain. But just remember that you are buying a luxury home here. You can negotiate your price but you should remember that there is a limit to those negotiations. If you think the house missed a must have on your home list, then talk to your Realtor about it and they might be able to assuage you by cutting a bit of the original house price.

Find a house that is incomparable.

Of course, most luxury homes for sale today are structurally built to be unique from one another. But that doesn't mean that you can't compare them. Shop and shop and shop some more until you find the house you deem is worth every penny you're going to pay for.

Choose the best real estate team in the market.

For sure, this is not the first time that you have decided to buy your luxury home. It might have been your second, third, or fourth choice. The thing is, you'd definitely want an agent who knows the market and is also known in the market. That is, if you're dealing with luxury real estate, then you should also know who are the top players in the luxury real estate market to provide you the professionalism, excellence, and industry integrity you need.

Be prepared for personal questions.

This is not just because talking is not enough. Your Realtor will definitely ask personal questions about you. What do you do for a living? Are you qualified to purchase a luxury home? The luxury real estate market is somewhat like the big league. You have to be prepared to have your accountant's letter of good faith and your bank statement to give proof of your ability to pay the down payment in cash.

Always protect yourself.

Buying a luxury home is a big leap of an investment with just a standard and ordinary home. Make sure that you always protect yourself by getting an insurance on titles and everything else that you may find of value. If you can go over the insurance agreement with your Realtors, then the better. Ask them if you have any questions and never leave without a good enough answer.

Remember, even luxury homes are not easy to find and decide on if you have too many choices and too little knowledge. That's why don't miss your chance of buying yourself a good and great home. Talk to one of our team at Shapiro & Sher Group as we help you find your dream luxury home right here in Las Vegas.

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