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Selling A Tampa Bay Luxury Home
When you're ready to sell your luxury home,
you need more than just an experienced agent. To maximize your
exposure to buyers locally and around the world, you also need
an experienced real estate brokerage. Through our exclusive
HomeTrust Premier Marketing ProgramTM,
HomeTrust Real Estate Group utilizes a professional in-house
marketing department that works with our agents to produce
high-quality marketing materials specifically for your home,
which includes a full color tri-fold brochure that buyers can
take with them, postcards, flyers, and business cards. Our
marketers work with local media to create a local interest, and
utilize our international network of websites to create a strong
web presence.
In addition, we will work with you on a
personal level to help you stage your home so that it shows in
its best light, bringing the best possible buyers and results.
There are many more things our Premier
Marketing Program does to help find the right buyer for your
home. Call today for a confidential meeting with one of our
home luxury specialists, and let us build a custom Premier
Marketing Program specifically for you!
Buying A
Tampa Bay Luxury Home
If you're vocabulary lately is dominated with
such terms as Mediterranean, Spanish Colonial, Art Deco,
Italianate, and Victorian – then you must be considering the
purchase of a Florida luxury home.
Although purchasing a luxury home requires more effort and due
diligence than its counterpart, one common factor that holds
true in all real estate is location, location, location.
Finishes, decor, and amenities can be added or updated, but the
location can never be changed. For this reason, you want to be
sure to determine the area that suits you the best.
Getting A Mortgage For A Luxury Home - It is commonly
thought that most luxury homebuyers pay cash for their homes.
Actually only about a third do. Loans for purchasing a luxury
home, often referred to as "jumbo loans" (generally above
$417,000), have different requirements than smaller loans. For
example, a down payment of 20% is typically required. A 30% down
payment may be required on larger loans. The loan approval
process for a loan on a luxury home generally takes longer – up
to 60 days. And due to the diversity of wealthier people's
investments, extra documentation is often required. For example,
if you own more than 25 percent of a corporation, the lender
will be looking for documents such as profit and loss
statements, K-1s, 1120s and supporting schedules. Be prepared to
provide the lender with documentation on investments, your
business, other properties, etc.
Tips for the Cash Buyer - Even when paying cash for a
luxury home, it is highly recommended that your offer include an
appraisal contingency. Getting a luxury home appraised is very
important. With an appraisal contingency you are able to walk
away from the purchase if the appraisal is lower than what you
agreed to pay. Of course, you can also use this as a tool to
renegotiate the price, depending on the motivation of the
seller. Either way, you'll have a professional opinion on the
true value of the home.
Many times the cash buyer overestimates his/her negotiating
power and submits a ridiculously low offer. In the current
market, this may not work. Although another buyer may require a
mortgage, if they are properly pre-approved, their higher offer
will carry as much clout as a cash offer.
Purchasing a luxury home in the Tampa Bay area can be a
complex transaction. By using one of our qualified luxury
agents, we can help you through the entire process!!!
CALL TODAY TO SPEAK TO ONE OF OUR LUXURY
HOME SPECIALISTS!!
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