The most important step is deciding how you will pay for your home. This decision should be made before the search for the property begins. Clients can either pay cash, apply for a loan, or in some cases the seller is willing to do seller financing to the buyer. If you plan to apply for a loan to purchase your home, it is a good idea to get pre-approved by your lending institution. That way when you begin making offers on properties, sellers will know you are serious and that the deal will go through, increasing the chances that your offer will be accepted.
Once you’ve made an offer and the seller has agreed, you’ll both sign a contract. At that point an appraisal is usually scheduled where an assessor will estimate the value of the real estate, usually based on the value of neighboring properties. When the bank is satisfied, they will release the funds and you can close on your new home.
Carnan Properties works with both buyers and sellers. We specialize in marketing properties to potential buyers as well as to other broker/realtors. If you would like to sell your home, you can list your property with us and we will market it to potential buyers on your behalf.
The first step in the process is to sign a contract allowing us to sell your property. We will then do everything we can to sell your home, to include advertising, marketing, open houses, and showing the house to prospective buyers. We can make recommendations on how to stage your house to make it more appealing to potential buyers, or sprucing it up with some landscaping or paint.
When a buyer expresses interest and submits an offer, we will help you with the paperwork and fielding the offers you receive. When the house sells and the contract is signed, we will also review all documents and represent you at closing.
Property values in Houston continue to rise, and investing in luxury Houston real estate has always been a good idea. When investing in high-end real estate, the neighborhood and location are always very important. It is critical to be aware of the value of neighboring properties in the location you are considering, as this is one of the ways your property will be appraised. As a general rule of thumb, it’s a good idea to buy a house that is valued less than the surrounding homes in the neighborhood, as it will give your home’s value room to grow.
There are many suitable neighborhoods in the Houston area where real estate prices continue to rise. Each neighborhood has its own characteristics to consider, such as proximity to shops and restaurants, and has its own personality and style. Be sure to thoroughly explore whatever neighborhood where you are considering making your investment.
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“Due diligence” is the thorough investigation of a property’s physical condition, history, and legal status, is important in all real estate transactions, but especially in high-priced luxury luxury real estate transactions.
Here are some elements of due diligence that should be accomplished before signing for a luxury real estate purchase:
When shopping for luxury real estate, you will quickly learn there are special considerations to take into account compared to the lower-tier market. Only by learning these factors and adjusting to them can you make your luxury property search as successful as possible.
Here are 3 top tips to keep in mind as you go through the process of finding and buying your ideal luxury property:
When looking for luxury real estate on the market, it is helpful to be aware of these differing approaches to the idea of “luxury.”
Here are three of the most common ways in which luxury real estate is typically defined:
Luxury Real Estate Marketing Ideas:
Marketing luxury real estate is challenging for a variety of reasons, including a smaller but more widely spread group of qualified buyers, matching the uniqueness of many luxury homes to the right customer, and the fact that your customers tend to be rather “business savvy” and unrestricted in their options.
For this reason, it is especially important to rely on a broker who is familiar with the luxury end of the local real estate market and who utilizes the full spectrum of proven marketing techniques to sell your luxury home, including these three:
Luxury real estate differs from “ordinary” real estate enough that there are distinct shopping tips that apply to it alone. The reasons for this are many, including a buyer base that is more limited in number but more widespread geographically, sellers who guard their privacy rather than advertise at every opportunity, and the sheer high cost of the properties themselves.
Below, we look briefly at 3 tips to keep in mind when shopping for luxury-level real estate:
Published by Carnan Properties
When shopping for luxury real estate, you should not expect every aspect of the process to be equivalent to general market real estate shopping. The greater exclusivity, higher price range, and special rules that sometimes apply in affluent neighborhoods make searching for, finding, assessing, and purchasing luxury properties especially challenging, but also highly satisfying and rewarding.
Utilizing a local real estate agent who has worked your area of interest for at least a year or two and learning some basic luxury real estate “shopping tips” will greatly ease the buying process: