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More Tips for Buying a Luxury Home in South Florida

Posted on: March 2, 2017

Whether you are looking for an amenity loaded vacation getaway or your next dream home, the South Florida real estate market is one of the best for luxury residences. You will find plentiful options that can suit your needs in areas like Boca Raton, Delray Beach, Highland Beach, Palm Beach, Port St. Lucie and many others.

We previously discussed tips for finding the perfect luxury home in South Florida with the help of experts such as a realtor and a South Florida luxury real estate attorney. In this article we offer more tips that can help you close a great deal on the perfect luxury property.

Tip #1 – Narrow down your location

South Florida a large region that offers several enticing luxury neighborhoods to consider. It is a good idea to perform some preliminary research and narrow it down to a few locations so that you can become more familiar with them, save time on your search, and learn about their pros and cons before you finalize your purchase.

Tip #2 – Decide what type of home you want

Do you prefer living near the water or is that not important? Would you prefer a home with a large backyard or something with lower maintenance? Deciding what type of luxury home you want before you get too involved in the process can save you many hours. It is helpful to attend open houses to see the type of home that interests you firsthand, ask questions, and make a preliminary decision.

Tip #3 – Remember that not every home is listed online

You won’t necessarily be able to find every luxury home in South Florida listed online. Other sources like your realtor or a luxury real estate lawyer in South Florida may be able to find additional homes for sale that are off the radar. Sometimes these are excellent deals that sell quickly, so it is a good idea to ask an expert about any properties that may be available through personal connections.

Tip #4– Get advice for condos or co-ops

If you plan on purchasing a luxury condominium or co-op you will almost certainly want to consult with a real estate lawyer in South Florida before you make your purchase. Your lawyer can help you negotiate a favorable purchase agreement or research the building and advise you on its financial viability. This will help you plan out your investment and make a more confident decision.

To schedule a consultation or ask any questions that you may have about purchasing a luxury home in South Florida, call Schecter Law at (954)-779-7009.