There is much to think about before taking the plunge and investing in a luxury Silicon Valley home. There are many variables when it comes to high end homes, and all buyers want to make sure that they are getting a fair price. Real estate professionals usually run comps to ensure a property is listed for a fair price. These include things like number of bedrooms, bathrooms, square footage, etc. However, when it comes to high end homes it is often hard to compare when there are so many variables. Therefore, it is a very good idea to work with a real estate professional who is very experienced in dealing with luxury homes. By hiring someone well versed in the local luxury market, they can also help with you understand commute times and how the flow of the geographic area works.
Research the Area to Make Sure You Find the Right Silicon Valley Real Estate Location
It is also smart to do some research on your own to really know what you are looking for in luxury Silicon Valley real estate. Take a look at a few properties and develop a list of must haves. Also ensure that all financing is in order for your price point. Lastly, another piece of the puzzle of getting a good deal on a luxury property is to find a motivated seller. It may be a better idea to look for homes in the winter or at the end of the year when there are not as many buyers out and about, and sellers want to have their properties sold by year’s end. Constantly keep an eye on listings. A property could come on at a great price because of a motivated seller and be snatched up very quickly. Be proactive, do research, and hire a professional to make sure the process goes as smoothly as possible and you get the best deal.