Where to Start When Buying a Luxury Home

by Marsha Bell 04/14/2019

Buying a luxury home isn't merely about buying an expensive house, it's about buying the most elegant home in the most exclusive and expensive neighborhoods. In addition to that, you are purchasing the architecture, landscaping, finishing, and fittings that come with the house. That’s why you have to do it the right way to avoid regrets in the future. 

Here are a few tips you should be aware of before you decide to go through with that luxury purchase.

  • Get the right realtor The right realtor is an agent with a lot of experience making high-end sales happen. They know the right places to get you what you need within your budget. It's not enough to get an agent because buying and selling luxury homes is a niche market in itself.
  • Get familiar with the area Remember that you’re not just buying a home, you’re buying the exclusivity of the neighborhood. There is a direct correlation between the value of the house and its location, so get as much information as you can about it. Ask questions about prospects for the area’s future to be sure that new property development doesn’t reduce the value of the neighborhood in the future.
  • Think of the resale value It’s very likely that you will end up selling your house someday, so resale should be at the back of your mind even as you make your decision about your purchase. That means if your personal tastes are somewhat eccentric—and it reflects in what you buy now—it might be more difficult to sell later until you find another buyer equally attracted by what you like. That’s not to say you shouldn’t spend your money as you please, it’s just a cautionary note to consider the future when you buy now.
  • Check the home out The first rule of home buying is never to buy a house without inspecting it, and that holds true for luxury homes too. Go beyond the photographs and look closely at the house. If this is your initial luxury home purchase, the property might likely be different than the previous home you bought, so you should get a home inspector familiar with the ins and outs of luxury homes to give it a clean bill of health for you. For help on finding a good home inspector, ask your realtor for suggestions and recommendations.

About the Author
Author

Marsha Bell

Real Estate is a relationship business. Although we negotiate and market homes, we are in the business of helping people through transitions in their lives (getting married, having babies, empty nesting, investing for family reasons) and for someone to invite us into that process is an honor and requires trust in us and our skill set.

I have been a resident of Marin for over 35 years. I raised my family, devoted time to volunteering at my children’s schools, kept an eye on local politics as they affected education and the quality of life in the region, and acquired an understanding of the cities and neighborhoods of the county.

I honed my skills as an event manager, through 18 years producing an annual gala raising funds for Okizu, which provides a camp for kids with cancer and their families. Overseeing details too numerous to count, my efforts raised over six million dollars with elaborate and creatively themed events. My real estate clients can be certain I will provide the same creativity and attention to detail on their behalf. My organization skills and sensitivity were also needed while serving as the project manager for the state of CA in a pilot program connecting low-income youth to pathways to jobs in the energy industry. Through my own efforts to downsize as my children left the nest, I can be a great help to others hoping to do the same – assisting them not only in finding a new home, but also with the difficult task of shrinking the volume of their possessions – all accomplished with a sympathetic understanding of the emotional aspect of this change. I also hold an SRES designation, taking this a step further with the needs and concerns of seniors.

Whether you’re looking to buy or sell in the Bay Area, I will assist you with every phase of the process. I listen and focus on what my client’s real estate needs are and make certain I exceed their expectations. I have a passion for my real estate career and I love what I do. My success is because of determination, focus and attention to details.

Authenticity, passion, professionalism — these three things show our humanity and build trust.

I look forward to assisting you through your transitions.