When a person sets out to browse luxury homes in Maui in order to find one that perfectly suits his or her needs, they often fail to understand what they should be looking for. This, unfortunately, makes it hard to know how to make the right selection.
You Need a Qualified Real Estate Agent
When browsing through luxury homes, you need a qualified real estate agent who has experience in the luxury housing market. This professional is going to provide you with the best opportunity to find a luxury home that is for sale and in your price range.
An agent with experience in this market is going to be able to get inside information that goes beyond a generic listing of a luxury home. They will also be able to help you sort through the luxury home listings in order to find one that best suits your needs.
Tips for Financing
It is no secret that a luxury home is more expensive than a traditional home. For this reason, you should not be surprised that the process of getting a loan is going to be more grueling. Realistically, you should expect between 45 and 60 days for a loan to get approved. For this reason, it is suggested that you start getting the money together and securing a loan for your luxury home early.
Do Your Own Due Diligence
It is your own responsibility when looking at luxury homes to make sure they are exactly what you need. It is not uncommon for a luxury home to be significantly larger and have more amenities than a traditional home. When this happens, you need more than your average home inspection to check the home to make sure the following is up to code:
- Pools and spas
- Ponds
- Law irritation systems
- Heated floors
- Heated driveways
- Landscape lighting
Make the Right Offer
You have to keep in mind that luxury home sellers are never as highly motivated to sell their homes as a traditional home seller. For this reason, you are going to be able to haggle very much and try to obtain the property for a lower price. Luxury home sellers are willing to wait and hold onto their homes until someone comes along offering the right price.
If you insult the seller by making an offer that is too low, you can expect the seller to assume you are not serious and deny doing any further business with you.
Never even think about skipping the inspection process of purchasing a luxury home. Find an inspector with experience with luxury homes. This will ensure that everything that needs to be inspected will be; including all those extra amenities that attracted you a luxury home in the first place.
