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.
Want
more updates on luxury homes? Like us on Facebook!
No comments:
Post a Comment