How to Purchase A Luxurious Home

by Fireside Realty Group 04/21/2019

Purchasing a luxurious home is not merely about buying an expensive apartment, it's about acquiring the best house in the most serene and affluent neighborhoods. In addition to that, you are purchasing the architecture, landscaping, finesse, and fittings that come with the house. Thus, it must be done right to avoid future regrets. Here are helpful tips for getting the perfect home for you.

  • Work with an experienced agent. An experienced agent is a realtor that has a lot of knowledge as to selling premium properties like this. He is fully aware of the perfect area you will most likely want to get while also working within your budget. It's not enough to get just any agent because buying and selling luxury homes is a niche market in itself. 
  • Be conscious of the resale value. Since change likely is the only constant thing in life, you might also end up reselling this premium property sometime in the future. Your placing it back on the market could be to buy yourself a better property in a better neighborhood, or you even want to turn the property to immediate cash, so you should have this at the back of your mind as you make the purchasing choice right now. That means if your personal tastes are somewhat odd and it reflects greatly in what you buy, it might be an arduous task to resell later and you might not have the time to wait for so long at that time. That’s not to say you shouldn’t dispense with your money as you please, it’s just a cautionary note to consider the future when you buy now.
  • Get a lot of information about the neighborhood. In this case, you are not buying just any home in the community, you are probably about to purchase the most elegant house in the area, so it is imperative to get reasonable information about the neighborhood before you invest. There is a high correlation between the value of the home and its location, so get as much information as you can about it. Ask questions about prospects of the area in the future to be sure that new property developments may not reduce the value of the neighborhood later in the future.
  • Take time to check the home carefully. Inspection: they say it is the first process in buying a house and that holds for luxury homes too. Go beyond what the photographs present and take some time to check the home carefully. If this is your first luxury-home purchase, the property might likely be different from the previous house you bought so you should get a home inspector that is familiar with the ins and outs of luxury homes to give it a clean bill of health for you. For help on finding a good home inspector, ask your agent for recommendations as they likely have worked with some in the past.

About the Author
Author

Fireside Realty Group

The Fireside Promise

5-Star Customer Experiences

We don’t just talk about it. We are about it.

The number one promise at Fireside Realty Group is to always put our client and their needs first. For this reason, providing expert service during every step of the real estate process is nonnegotiable and is something our clients can expect. Our expert staff manages every part of the transaction – Sales, Staging, Photography, Contract-to-Close, Listing Management and Marketing, Technology and Systems, Mortgage Lender Referrals, and Make-Ready Services – to ensure our client’s have a 5-Star Experience. 

How is this different?

Traditional brokerages have little or no concern with the client (buyer/seller) and leave it 100% up to their self-employed real estate agent to deliver the knowledge and service (or lack thereof). This means there is no consistent quality or standard of care and limited service by virtue of the capacity of a single agent. All of this can be risky for the customer. 

Real Estate Specialization & Expertise

Being a “jack of all trades” is a thing of the past.

Mediocrity is not an option at Fireside Realty Group, which is why our agents have areas of specialization and work as experts in their specialty. This means that every Fireside client will work with a real estate professional who has the knowledge and expertise to tend to their specific real estate concerns. You wouldn’t go to a cardiologist to solve a problem with your foot – you would go to a podiatrist! So for instance, why buy a mountain investment property from a typical agent who owns no mountain investment property? 

How is this different?

At Fireside you work with a team of expert agents who are trained to help with a variety of specific real estate needs. If you have a need that isn’t a fit for the agent you are currently working with, we will gladly refer you to another expert, or even outside the company if that is the best course of action…which is not the case in most brokerages.

Technology Delivered

It’s not just a shiny penny!

We invest in and use technology to ensure that Fireside Realty Group operations makes good on our promise of a 5-Star Experience. We have carefully tested and filtered out the gimmicks from the tools that really work. ALL agents are trained to use our technologies, tools, and systems in order to deliver the level of service that is required.

How is this different?

Other brokerages leave technology choices up to their agents. What this means is a lack of consistency because each agent uses a different system and operates based on their own individual preferences. We think you and your home or investment are too important to leave it up to a lone ranger agent and whatever tools they have at hand. 

Our Leaders = Practitioners

We Practice What We Preach.

All Fireside agents have personally purchased and sold at least five homes, so they have first-hand knowledge of the client-side experience. This has shed light on areas in which the real estate experience was lacking and needed improvement. Our leaders have taken that learning and built a solid foundation for Fireside in which they continue to work in and improve all facets of the company including sales, contract-to-close and client responses in order to truly understand . 

How is this different?

Other real estate companies are filled with sales managers and leaders who are full of good intentions but have no experience working with the buying/selling customer, or whose experience is no longer relevant in today’s market. In these companies, the systems, tools, and advice for customers comes from theory or outdated practices.