5 Things to Consider When Buying a San Rafael Luxury Home
Many homebuyers get excited when they buy luxury homes for sale in San Rafael. However, it pays to know the facts before buying your new home.
Here are 5 key factors you should consider before buying a luxury home in San Rafael:
- The Money factor
Do the math and work with an experienced mortgage broker or banker. Why waste your time looking at San Rafael luxury homes for sale only to find out that you cannot afford it?
The first step in the home buying process is to get pre-approved for your loan. Avoid being trapped in an expensive home that will drain your bank account. Make sure to consider factors such as property taxes, utility bills, general maintenance for gardeners and pools, and homeowner association dues. Evaluate all the financial aspects before buying. Carefully consider what you can really afford.
- Do your research
Make sure you take a look at the property more than once. Take time to sniff out any issues with the property and be proactive by conducting pre-inspections prior to submitting an offer. Set priorities ahead of time, especially in terms of location and amenities.
- Negotiate
It’s okay to negotiate the price of your new home. Your agent can do the negotiating for you. But as a buyer you don’t need to feel pressured. Be in control and know what your bottom line is especially if there is a bit of work to be done. Sellers may be willing to negotiate. But if you don’t ask, you’ll never know.
- Consider your present and future needs
If you are planning on purchasing high end real estate in San Rafael, you need to consider your long term needs. Will the house meet your current and future needs? Try answering the questions below:
- Do you plan to have children while living in this home?
- Are there enough bedrooms and bathrooms for your children, guests or in-laws?
- Do you need a family room or au-pair/in-law unit?
- Is there space for a home office and area to meet potential clients?
- Will you commute to work? How far is the commute?
Although some needs may not be as pressing as the others, you need to have the foresight to know if a particular home will meet most of the essentials.
- Work with an experienced Realtor®
Sometimes it can be tempting to buy and sell a home without the help of a Realtor®. After all, doing so would incur additional expenses. However, there are too many factors involved in buying San Rafael luxury homes for sale in California. So it is in your best interest to work with a thorough and licensed Realtor® who can help pinpoint any issues that may end up becoming a problem in the future.
Considering these 5 tips may help you walk away with a good deal. There are many high end homes for sale in San Rafael. Be sure to find the home that fits your needs.
For more information, check out the luxury homes for sale in San Rafael CA in www.SanRafaelLuxuryHomesForSale.com.
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