Monday, 9 September 2013

How to Find the Best Luxury Homes

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If you've made the decision to purchase real estate, consider perusing through your options of luxury homes. 
With the advantages of settling on this type of real estate-such as aesthetic value, comfort, and marketability-this choice is becoming increasingly popular and more affordable. Before you meet up with a realtor, take the time to think about what you are looking for in your new piece of property. Let's take a look at some helpful tips that can help you narrow down your choices and find the luxurious house of your dreams.

Start by making a list of the features and amenities that are important to you and your family. Most people know right away how many rooms they want, but have you thought about whether or not you will need one with appliances included?
How about a fenced yard for a pet? Perhaps you prefer a garage to an open carport. When making your list, note which features you are willing to bend on and which ones cannot be compromised. This will help your realtor tremendously when searching through the luxury homes available on the market.

If you take the time to look on the Internet before meeting with an agent, bear in mind that not all pieces of property will be available in the search engines. Sometimes, luxury homes are not listed in order to protect the privacy of the seller. It might be necessary to speak one-on-one with a realtor to find these gems.

Don't be sold on the pictures alone. Photos don't always give an accurate representation of the most important qualities like size, overall cleanliness, foundation stability, and whether or not the property has suffered water leaks or has been through a major renovation. Once you're ready to view the property, schedule a convenient time with your agent to do a walk-through so you can get a better idea for the way the house looks, feels, and has been cared for.

Establish a good relationship with your lender and make sure you get pre-approved for a loan. When buyers first go searching, they will usually get pre-qualified. This means that the bank has gone over their income, assets, and liabilities, and as a result, the bank has an idea of how much the buyer will be able to borrow. Once you get pre-approved, the lender has verified your information, which means you're more likely to actually get the loan. This carries more weight than a pre-qualification letter.

Select a realtor who knows the local area well. This is particularly helpful if you are relocating from another city or state. If you have children, research the school districts so that you are well informed on your options. Decide on other important factors such as local shopping, dining, parks, and whether or not your potential home is in the city limits. You might also want to know if the neighborhood is established.
Searching through available luxury homes can be a lot of fun, especially with careful planning and the right realtor by your side.
When looking for luxury homes, Cleveland, Ohio residents count on Petros Homes. For more information, visit


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