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Tips for Luxury Home Shoppers As the number of luxury shoppers continues to rise, more people will be led to the market for luxury homes. Before you begin your search, there are a few things that you have to look into, to make your home search much simpler. 1. Preparation is key. The luxury home search process can be rather different from the process for conventional homes. Plenty of luxury properties aren’t listed on the Internet; most sellers want you to prove that you’re a serious buyer prior to showing; and there will be more things to do before closing. You can begin your luxury home buying experience in the right foot by gathering your financial documents in advance. This will help convince brokers and sellers that you are serious in your buying plans.
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2. Set an appointment with a lender.
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Before you start searching, get pre-approved by a mortgage lender. You’ll know just how much you can actually spend, hence preventing you from wasting time checking out homes that are out of your budget. It also shows brokers and sellers that you are indeed ready to purchase a home. 3. Make a list of all the features you want in a home. Spend time listing down all the features that you are looking for in a home. How many bedrooms and bathrooms, for example? Big lawn or something low-maintenance? Knowing these things in advance allows you to leave out properties that aren’t in line with your plans and find the right ones more easily. 4. Have the home inspected. Luxury homes normally have features that an ordinary home inspection doesn’t cover. Be sure to know any additional inspections that must be scheduled. You don’t want a pricey home with a big problem that you failed to detect because you didn’t have time to call the right professional. As the market strengthens, more and more luxury buyers will come in. As one of these buyers, do what you can to become the best. 5. Find an agent. If you are simply unsure about going through the process yourself, hiring a real estate agent whose specialty is luxury homes, is always an option. No doubt these professionals know the luxury market by heart. They know where to find what you want, what prices are acceptable, and basically how to handle the transaction as smoothly as possible. Of course, an agent will get his commission, but as you can see, there are many benefits you can get in exchange. Then again, not all agents are created equal, so you’ll have to do some research, giving weight to reviews given by their previous clients.