Make Your Hunt for Luxury Home for Sale in South Florida Easier
Engage with an Established Real Estate Agent
If you are taking your first steps in luxury real estate, it helps to have an experienced real estate agent on your side. Realtors who deal exclusively in luxury homes for sale in South Florida have a keen sense of market conditions and prevailing prices in the area. They can also work on the buyer’s behalf to search available listings and arrange viewings of shortlisted properties. Working with the buyer, they can understand what the client requirements and draw up a list of suitable properties and indicative prices. A seller’s agent uploads the listing and takes care of the negotiations to complete the deal. In Florida, the services of a buyer’s agent are paid from the commission for a successful sale.
Have your Financials in Order
This goes to all the buyers. It makes sense to get all financing pre-approved from accredited lenders before you start house hunting. That way, buyers can quickly move in to complete a sale once the price is negotiated and agreed. You could waste precious time getting your loans in order considering the procedure and paperwork involved. Before the sale, buyers should have necessary approvals, credit reports and cash for the down payment in order. An inspection fee may also be required for getting a third party opinion about the property.
Location, Location, Location
When it comes to deciding prices, location is perhaps the most important factor driving rates for luxury homes for sale in South Florida. A commanding waterfront home does have a high premium among buyers compared to a property that does not. Buyers can ask their real estate agent to estimate the prices at which comparable properties in their desired area are selling for to get a grasp of the prices involved. Waterfront locations in Palm Beach County rank among the most valuable real estate anywhere in coastal locations in America. You can also consult journals specializing in real estate to get a grasp of prevailing prices in your desired location.
Avoid Old Listings
Focus on the Essentials, not the Bells and Whistles
When deciding the price, buyers should keep their negotiations focused on the essentials of the home like its structural health, location and acreage in contrast to easily upgradeable amenities like parking and security systems. Focusing on potential issues uncovered by inspections to drive a lower price is sure to bring positive results for buyers.
Insist on a Viewing
If you are looking at your first entry into luxury homes in South Florida, it is best to conduct a viewing of your shortlisted properties with the agent. A viewing will give you a feel of the pluses and minuses of the property which you can then consider while the price negotiations are on.
Don’t Hesitate to Negotiate
The real estate market in South Florida is quite active. A fluid population and large numbers of seniors looking to settle down in the area ensure that new places are always coming up for sale. So arm yourself with knowledge about the kind of prices you can expect in the region. Knowing as much as possible about your preferred locations helps you in fixing an adequate price for your dream home.
Mayfair Advisors is a boutique real estate firm serving Miami-Dade and South Florida, clients find luxury homes for sale ( www.mayfairadvisors.net/prop ), houses for rent, apartments, condos or investment properties in Coconut Grove, Brickell, Miami Beach, Key Biscayne, Coral Gables, Pinecrest, Surfside, Bal Harbour, Sunny Isles Beach, Aventura, Midtown, and Edgewater.
If you are taking your first steps in luxury real estate, it helps to have an experienced real estate agent on your side. Realtors who deal exclusively in luxury homes for sale in South Florida have a keen sense of market conditions and prevailing prices in the area. They can also work on the buyer’s behalf to search available listings and arrange viewings of shortlisted properties. Working with the buyer, they can understand what the client requirements and draw up a list of suitable properties and indicative prices. A seller’s agent uploads the listing and takes care of the negotiations to complete the deal. In Florida, the services of a buyer’s agent are paid from the commission for a successful sale.
Have your Financials in Order
This goes to all the buyers. It makes sense to get all financing pre-approved from accredited lenders before you start house hunting. That way, buyers can quickly move in to complete a sale once the price is negotiated and agreed. You could waste precious time getting your loans in order considering the procedure and paperwork involved. Before the sale, buyers should have necessary approvals, credit reports and cash for the down payment in order. An inspection fee may also be required for getting a third party opinion about the property.
Location, Location, Location
When it comes to deciding prices, location is perhaps the most important factor driving rates for luxury homes for sale in South Florida. A commanding waterfront home does have a high premium among buyers compared to a property that does not. Buyers can ask their real estate agent to estimate the prices at which comparable properties in their desired area are selling for to get a grasp of the prices involved. Waterfront locations in Palm Beach County rank among the most valuable real estate anywhere in coastal locations in America. You can also consult journals specializing in real estate to get a grasp of prevailing prices in your desired location.
Avoid Old Listings
Focus on the Essentials, not the Bells and Whistles
When deciding the price, buyers should keep their negotiations focused on the essentials of the home like its structural health, location and acreage in contrast to easily upgradeable amenities like parking and security systems. Focusing on potential issues uncovered by inspections to drive a lower price is sure to bring positive results for buyers.
Insist on a Viewing
If you are looking at your first entry into luxury homes in South Florida, it is best to conduct a viewing of your shortlisted properties with the agent. A viewing will give you a feel of the pluses and minuses of the property which you can then consider while the price negotiations are on.
Don’t Hesitate to Negotiate
The real estate market in South Florida is quite active. A fluid population and large numbers of seniors looking to settle down in the area ensure that new places are always coming up for sale. So arm yourself with knowledge about the kind of prices you can expect in the region. Knowing as much as possible about your preferred locations helps you in fixing an adequate price for your dream home.
Mayfair Advisors is a boutique real estate firm serving Miami-Dade and South Florida, clients find luxury homes for sale ( www.mayfairadvisors.net/prop ), houses for rent, apartments, condos or investment properties in Coconut Grove, Brickell, Miami Beach, Key Biscayne, Coral Gables, Pinecrest, Surfside, Bal Harbour, Sunny Isles Beach, Aventura, Midtown, and Edgewater.
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