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Luxury Home Buying Tips In South Florida

Posted on: March 23, 2020

5 Tips for Buying a Luxury Home

When you’re searching for your dream luxury home in South Florida, there are a few key tips to keep in mind. You’ll be spending a large amount of money, so you should settle for nothing less than the best! Here are five important factors to keep in mind when looking for your South Florida luxury home.

  1. Visit in Person

A listing online can only show you so much about a property, no matter how nice the photos look. You should always plan to visit the home in person to take a look around, as well as research the property and the surrounding area on Google Earth. This will give you a more accurate representation of your potential new home and neighborhood.

  1. Document, Document, Document

When you’re purchasing a high-end property, you can never have too much documentation. The sellers and the bank will want to be sure of your income, so make sure you have the paperwork to back it up. You may also consider working with a financial planner. Additionally, check with your bank to get clear on all the paperwork they may need or may be able to issue, like a pre-approval letter or pre-qualification letter.

  1. Negotiate

You might think that there is no room for negotiation when buying a luxury home, but luckily, that’s not the case. Work with your real estate agent to find comparable properties in the area so you can be prepared with a fair price. Your real estate agent will be able to point out where there is room to negotiate.

  1. Search Far and Wide

It can be harder to find a luxury home listing than it is to find a traditional home. You may have to do more research than you expect or look into your realtor’s personal connections to find the listings you are looking for. Though it may take a bit more time and effort, it will certainly be worth it once you find the home of your dreams!

  1. Hire a Lawyer

In addition to your realtor and your financial planner, you should also consider hiring a luxury real estate lawyer in South Florida. They will be able to help you navigate complicated contracts and ensure that you know what you sign, giving you peace of mind and assuring you pay a fair price. Mark Schechter is one of the leading South Florida luxury real estate lawyers. Contact Schecter Law today at (954)-779-7009 to discover how he can help you find your dream home.