Searching for a luxury home can be a very different process from typical house hunting. There are many particular considerations at play. Common methods used by most home buyers may be altered, depending on the situation.
Without the proper know-how, you might miss out on a house that could fit your needs or provide an amazing investment opportunity. To avoid this pitfall, here are some tips for not letting the perfect house pass you by.
Go Beyond the Listings
Many people selling their luxury home will forgo listing their property on common sources to protect their privacy. Instead, they will work with a network of specialized realtors and marketers in order to get the word out.
This fact means that the home you have been looking for might not be located on the multiple listing service or any public search engine. You will have to find these properties the old-fashioned way: person-to-person communication and closely-held lists. Home owners that prefer to conduct business this way are usually more accommodating to buyers who can communicate through the proper channels.
Take Photos with a Grain of Salt
Larger homes or homes with sprawling layouts have lots of subtlety and nuance to their architecture. A front-facing picture might not always be the most flattering for this type of home.
Furthermore, many homes have features that would be nearly impossible to fully document within the limited space most photo albums provide. Subtle amenities like fine materials or a partially-secluded lot are hard to document with pictures alone.
If you are on the lookout for a luxury home and you see an eye-catching description with lackluster photos, then you should probably still consider giving that home a second chance. Many luxury homes cannot be fully appreciated until they have been viewed in person.
Get an Experienced Luxury Buying Agent
Agents who lack expertise in buying luxury homes may have difficulty adjusting to the higher-level market. They might forget something important, or fail to keep you in the loop about unsearchable listings.
With a professional luxury home agent, you can have confidence that your needs will be taken into close consideration. You will also be able to prepare for tasks that you were unaware of, such as documenting the extent of sheltered and invested income before negotiating.
When looking for a luxury Burnaby real estate property, getting help from those who have the knowledge and contacts to find the house you have always wanted can make a huge difference. Contact Eddie Yan for your luxury home buying needs.