Dreaming Of A Luxury Home

Dreaming Of A Luxury Home

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If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer or can be found at a discount.

Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.

The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties have a home to sell first.

A recent Bloomberg article gave some insight into what many millennials are choosing to do:

“A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding ‘the rise of the new aristocracy.’”

Bottom Line

The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.






Jasmine Broderick - REALTOR®

eXp Realty, LLC - Arizona

602-300-2774

[email protected]

AskJazz.net


Jasmine Broderick Headshot
Author:
Phone: 602-300-2774
Dated: March 19th 2018
Views: 9
About Jasmine: My clients appreciate that I am honest and trustworthy. I promise to always be straightforward with ...

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eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ
480-405-0946