Tips on Buying a Luxury Home

While home prices across the country have dropped or stabilized to varying degrees, luxury home prices have been slashed.
This presents a great opportunity for those who have the financial resources to purchase a luxury home that might have been completely out of their range six years ago.

“Purchasing a luxury property, however, is unlike a standard home purchase. We advise all our luxury-home clients to consider the following before embarking on their search:

1. Weigh the finances carefully.

Even if you’re ready to pay cash for your luxury home, you still want to ensure you’re getting the best possible value and potential return on investment from your home purchase. Make sure you truly have the financial wherewithal to remain in the home as long as you’d like. Consider the stability and growth potential of your future income before moving forward.

2. Have your documentation in order.

Many luxury home buyers derive their net worth from a variety of sources and investments. Given the high-end purchase price of a luxury home, along with today’s unstable economic climate, prequalification is often necessary when it comes to luxury purchases.

3. Investigate alternative search methods.
The best luxury property deals might not be found through traditional real estate search engines but rather through word of mouth. I am well connected and networked in the communities your are considering.

4. Seeing is believing.
Expansive square footage, sprawling property, and a bevy of incredible views often make luxury homes difficult to completely capture in photos, videos or virtual tours. A visit in person is an absolute must to make sure you’re not missing any potential details and, conversely, to make sure the property lives up to its image.”

Thanks for the article Anita Rich’s


I specialize in helping my clients with the purchase of their luxury homes. Call me today for all your needs.