The Need to Know Luxury Home Information for Buyers
The biggest story in luxury home buyer news is that interest is increasing across all of Texas. The new homes Austin residents are buying continue to push the boundaries of upscale design and amenities. Now buying custom luxury homes in Austin, TX is decidedly different and more competitive than it was before the recession.
If you are one of the many buyers in the market for a luxury home, here is the need-to-know information that can help you land an amazing deal.
- Check all data and statistics with the seller/developer. It isn’t uncommon for secondhand sources to state inaccurate data.
· Be aware that in hot areas other buyers are coming from all over the world.
· In the luxury market, a home that is priced right can sell in a matter of days. That is why understanding the market and home values is crucial when competition is high.
· Be prepared to move quickly with a pre-approval if financing is necessary.
· When considering value factor in the lifestyle return – what the community offers in the way of convenience and amenities.
· Cash is still highly desirable for luxury home sales, however, financing with the right terms can still be very competitive.
· If you are paying cash, be prepared to verify that the funds are available for the purchase.
· Even when paying cash, an appraisal can help ensure you are getting a home that is worth the price being paid.
· Remember, many custom luxury homes in Austin, TX are never listed on the MLS system. If you are interested in a community, it is best to reach out to the developer or tour the area in person to find all available homes.
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