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Luxury Home Buying Tips That Give You the Upper Hand

3 Luxury Home-Buying Tips That Give You The Upper Hand

When you’re looking to buy the home of your dreams, it is critical to have a toolbox to consult. There are many tips that you absolutely cannot ignore if you want to get the home that you have your eye on. I can give you some of the tools you need to help you get the home you want without having to go through the process multiple times.

Nowadays as a buyer, you need to be ready to combat other buyers that are also eager in the buying process. Some come equipped with cash to make the sellers cash offers that are hard to ignore. However, with these tips, I assure you that you can definitely find the home you’ve been searching for.

Work with the Asking Price

It’s not just offering the asking price of a home to get sellers to bite these days. There is a wealth of ways to make your offer attractive. This can range from limiting the amount of contingencies you include in the offer to shortening the due diligence or closing time, putting more cash down, etc.

Another draw for the seller will be if you can show that you already have gone to a lender to arrange financing before you make an offer on a home. This makes the seller feel more at ease knowing that if they accept your offer, they are certain that you will meet them at the closing table with no obstacles.

Get to Know the Seller

Sometimes if sellers have multiple offers on the table, they will look at more than asking price and down payment availability. They will look to someone who will take care of their beloved home and love it well into the future. Even though an investor may be able to pay more money for the home and make a better offer, maybe the sellers don’t want their home destroyed or completely redone. They might want someone to keep the home and use it well as they did for many years. If you can make an emotional connection to the seller, you can probably give yourself a better chance of receiving the home of your dreams!

Get All Your Ducks in a Row

The more preparation you do ahead of time, the better off you will be. Right when you decide you want to purchase a home, go talk to a lender because they will help you get pre-approved to see how much you can afford each month for a payment. This will be essential to have when talking to your realtor so that they can show you realistic properties within your budget. This will make you as a buyer more attractive to sellers when they see you are prepared.

If you need any help getting started with the home buying process, give me a call!

Contact Chris Quarles

Chris Quarles Properties

407.540.7040
Chris(at)ChrisQuarles(dotted)com