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What is Luxury Real Estate?

What is luxury real estate? While it might be in great demand, just how much does expensive real estate actually make for an investment? Let us explore this question in some detail. Ultra high net worth individuals require a highly developed property with state of the art facilities including a large, fully equipped kitchen, chef’s kitchen, full-time gardener, jacuzzi/spa, pool, and security systems. The property must also be located in an affluent neighborhood with excellent schools and recreational facilities. Ideally, you are looking to purchase something of value (in the form of a condominium, townhouse, rental home, or even a luxury hotel) and to hold onto it as long as possible.

Luxury Real Estate is a Great Investment Opportunity

Luxury real estate can be a highly lucrative investment. There are so many opportunities for high-end homes and real estate properties that only the top realtors know about. In order to become one of the top realtors there are several things one must know about luxury real estate. You need to have an understanding of what drives the market, know who the target buyers are, know how to sell the most expensive luxury real estate, and be capable of negotiating effectively when selling any of the most luxurious homes for sale in the country. Having the perfect list price and an experienced real estate broker are two essential cogs in the successful sale of even the most luxurious home.

Typically luxury real estate is the investment of choice for the wealthy and it’s no surprise that the investment is also a popular choice for homebuyers. High-end properties are those that are usually owned by individuals or families who can afford the price point (usually in the millions) associated with such luxury real estate. A buyer interested in the more luxurious offerings of such real estate will want to look into the region in which the home is located as well as taking into consideration the current job market.

How Do You Purchase Luxury Real Estate?

Luxury real estate is one of the fastest growing segments of real estate investment. There are actually several routes to purchasing luxury properties. One of the most common routes to purchase luxury properties is through private lenders. Private lenders have their own lending programs that work with buyers to obtain financing for luxury properties. Another method of purchasing luxury properties is through financial institutions that specialize in financing luxury properties. The best route by far is to work with an experienced real estate agent or even an international realtor who has both knowledge of the current market and access to multiple listing services.

Are Townhomes Considered Luxury Real Estate?

The townhome style of home – with its raised, vaulted ceilings, its over-sized windows, and its flowing, well-polished doors – is a far cry from what you would typically find in the luxury real estate market. Of course, the rich and famous can afford such homes as well. But these homes are not truly luxury, because they lack the standard amenities common to other homes. For example, there are usually no interior features such as high-end kitchens, bathrooms, and home theater systems.

Conclusion

So, what constitutes luxury real estate? In short, it’s the latest trend in housing luxury. The current trend is evident in the ever-expanding use of multi-million dollar mansions and homes for businesses and pleasure. However, there are many different styles of luxury homes. You should ask your realtor about home values and which luxury house he thinks is the most affluent and complete with all the luxuries that will make it stand out from the rest of the market.…

How to Spot a Must-Buy in 4 Simple Steps

Dec/1 By William Ruiz

You’ve been viewing houses for longer than you can remember, and you’re getting rather sick of it. We know and understand how trying this can be. Sometimes you walk into a place and it just is not what you are looking for or need or sometimes it is exactly what you want but the price is just not realistic for you at this time. In this post, we discuss a couple of things that homebuyers should look out for when viewing properties.

#1 The House is In Line With What You Need

You have a list, right? Of deal-breakers and of other variables that can either be worked on or makes something just not worth it. If you have found a house that ticks all the boxes on your list, you probably have found the one worth putting an offer in for.

#2 Can’t Find Any Flaws

If you simply cannot see any flaws whatsoever, meaning no necessary work to be done, a simple buy and move in, and you just love it, that is probably the house you should buy. The walls are perfect, no signs of leaks, no obvious repairs necessary, no maintenance on the garden. That is probably the house you want.

#3 You See Yourself Settling Down There

When you close your eyes, you see yourself living there, you can imagine all your furniture in all the spots you want to put them beforehand. You can even see your kids playing in the garden, and your kids’ kids when they are there. Your whole life kind of just falls into place when you envision yourself settling down in this house.

#4 You Refer to It as Yours

If you are already talking about the house as if it belongs to you, you’ve probably already bought it in your mind. This means you won’t really be tempted into buying any other place, whether it’s in a better neighborhood or if its price is a bit lower, you just won’t budge and cannot get this house out of your mind. It spoke to you, you have a connection with it, and it should be yours.

So there you have it. If you have ticked off any of these, or if you can relate to at least two of the points listed above, you probably know exactly what you want and your mind is made up. If you feel a bit overwhelmed by the buying and viewing and just can’t get a great feeling for a house just yet, hang in there! The perfect one should be along in no-time.

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5 Things Every Homebuyer Should Know Before Buying a Home

Nov/27 By William Ruiz

Whether it’s your first time buying a home, or your umpteenth time, there are just some things that everyone should be aware of before sealing the deal and buying a house. Buying property is not only a long-term investment but also a big deal. Especially if you start calculating the mortgage and living costs. Below we list 5 things anyone should know before buying a house.

1. Don’t be Hasty

Yes, never be hasty when scouting for a new home. You don’t want to just make an offer in the very first place you want to view because the color of the walls was your favorite. Sleep on it. View a couple of places. Try to get a better price. Buying a house is a long (and painful) process, don’t cut corners just because you don’t want to go through the motions.

2. Aim for Less

Even though we all want the mansion on the top of the hill, we all know that the average person like you and me can’t afford it. We’re not saying that you should buy a one-bedroom house that is falling apart and costs nothing but doesn’t buy something you cannot afford to pay for in the near future.

3. Get Your Affairs in Order

Before you even start browsing, you’d better save up for a down-payment. Remember, at the end of the day, the more you can contribute to a down-payment, the less you’ll pay off on the mortgage in the long run.

4. Do Some Homework

Pun intended. Yes, you’d better do all the necessary research on a house that you are looking at buying. Be sure you know absolutely everything you can before making an offer or paying a deposit. You don’t want to move into a place that has utility bills the size of the moon. No one does. Research plays a big role in making the right decisions before buying a house.

5. Renting vs Buying, What’s Best for You

At the end of the day, if you are already looking at buying a house, you’ve probably already made up your mind and you have some amount of savings available to do so. But be sure that this is the right time and the right thing for you to do before committing. Do the calculations and you will easily see whether renting for a certain period would be more expensive than actually buying.

As exciting as it is to be on the scout for a house, everyone should be very wary of making heart decisions instead of head decisions. We hope you’ve found this article helpful in your journey in finding a little place to call home!

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