Choosing to invest in a LUXURY HOME is one of the biggest financial commitments you’ll make in your life. It’s a complex ordeal that requires careful planning, and the skills of an experienced LUXURY HOME REALTOR®. Here are the crucial keys and steps involved that will help you prepare:
Get Your Finances In Order
The first thing you’ll need to do is put money aside for a down payment. Understand the cash requirements and taxes that you will incur. Second, you’ll need to meet with a mortgage broker to determine what you can afford. Shopping around for the best rate and terms is highly recommended.
Selecting a LUXURY HOME REALTOR®
It’s important to partner with a LUXURY HOME REALTOR® you feel completely comfortable with. A REALTOR® can help you find your dream home, that meets both your needs and your budget. They will set you up with viewing appointments, and also help bring clarity to the complicated process of buying a LUXURY HOME. Things to consider:
– choose a REALTOR® who understands the positive and negative value influences on a LUXURY HOME
– understand what LUXURY HOME features add value and which do not
– understand the features that will help resale and which will hinder
– determining value on unique LUXURY HOMES is highly specialized and requires significant experience
– trust your experience LUXURY HOME REALTOR® to educate and guide you in this exciting and complicated journey!
Visualize Your Dream Home
Once you’ve established a price range and selected your LUXURY HOME REALTOR®, it’s time to decide what type of home will best suit your lifestyle. Think about things like access to schools, recreational facilities, what the neighbourhood is like, and so on. Why you’re choosing to buy should help answer these questions for you — so think about it carefully. You may want to put this down in writing and create a needs versus wants list.
The Search
Using the property search on this site and consulting with your REALTOR®, you will be able to find homes in your desired area. They’ll update you frequently regarding new listings and schedule your appointments with sellers.
Closing
Your REALTOR® can help you place an offer that the seller will either accept, counter, or reject. After you’ve negotiated an offer, you’ll need to conduct a home inspection and deal with any repairs (the cost of which you can also negotiate with the seller). Finalize your mortgage with a visit to your lender, and you’re ready to sign off on ownership. This typically takes place in a lawyer’s office.
At this point, congratulations are in order! Becoming a new homeowner is one of the most liberating things you’ll ever experience. There are many benefits to home ownership — pride of ownership, the ability to make home improvements, building equity, appreciation — the list goes on.