Tips for Buying Luxury Real Estate
The life of a professional athlete is a bit different than that of the average citizen, and that fact becomes quite obvious when we are talking about athlete relocation. Purchasing a luxury home is not like purchasing a little bungalow, and it is wise to be aware of that fact before you begin your search.
Contrary to what most people believe, the majority of luxury home purchases are not done with cash. Financing is obtained in nearly 70% of purchases of luxury homes, and you need to realize that the financing process usually takes longer for a luxury home, oftentimes from 45-60 days. Knowing that, one should always start the process as soon as possible, so that pre-approval is established in advance.
One should also always deal with a luxury real estate agent who is experienced in the luxury home market. The owner of a high-end automobile does not take their vehicle to Jakes Auto Shop to have the car worked on. One needs a specialist when dealing with specialized situations, and the same is true when purchasing high-end real estate.
Lastly, don’t rush the process. Luxury real estate costs in the millions of dollars, so make sure you practice due diligence when looking and deciding on a luxury home. Make sure it has the amenities that you desire, and your real estate agent should make sure that an appraisal is done and the price is a fair one. Again, dealing with a professional agent who is experienced in these matters, will always be helpful.
Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.