If you are new to the Boca Raton area and thinking about settling here, good choice! Boca Raton has prime real estate just waiting for someone like you to scoop up. Boca Raton real estate is some of the most coveted real estate in Florida. The area is friendly; there are thriving businesses and ample restaurants for your dining pleasure.
If you are in the market for a luxury home, a CBG Luxury Real Estate Agent who knows the luxury market is your best bet for finding properties that are for sale but that are not easy to find because of privacy issues. An agent familiar with Boca Raton real estate may have inside information about listings before they hit the open market. And, an experienced agent will be able to help you determine the market value of a luxury property.
The loan process for luxury homes typically takes longer than for smaller mortgages. Even if you are in good standing financially, it may take 45 to 60 days to secure a loan. Since it can take extra time, and because the seller of a luxury home is often interested in showing only to qualified buyers, many real estate agents recommend having your mortgage broker, loan officer or personal banker obtain your financing approval early on in the process.
Do Your Homework
As with any Boca Raton real estate purchase, it is important to take the time to properly inspect a luxury home prior to buying it. In many cases, luxury homes are larger and have amenities that may require specialized home inspectors, such as:
- Pools and spas
- Lawn irrigation systems
- Automatic screen and awning systems
- Sophisticated security/surveillance systems
- Landscape lighting
The Bottom Line
The luxury home market has experienced record growth in within the last decade. Much of the growth in the United States. is the result of international buyers who want to take advantage of favorable exchange rates, are relocating for work, are using real estate as an investment, or who may be affluent parents purchasing a home or condo for their children who attend colleges and universities in the United State.
Before you buy any luxury real estate in Boca Raton, have a talk with the agents at CBG Luxury Real Estate. We will take you through the process as smoothly as possible. Give us a call or stop by our office, today. We look forward to hearing from you.