In this article we are going to cover a few Tips for Purchasing a Beverly Hills Home For Sale. I’m sure you would agree with me, luxury homes in Beverly Hills are more stunning today than they have ever been. I mean, could you imagine having a basketball court or private theatre in your Beverly Hills Home?
There are some amazing homes out there, and the higher your budget, the more choices you’ll have at your fingertips. But, before you sign mortgage papers for a home just because it has a waterfall in the front yard or giant walk-in closets, remember that you are still making an investment. Below you will find a few of the top tips from our Shelhamer Group Beverly Hills Real Estate agents that will definitely help you buy your dream Beverly Hills home.
#1. Bring the Right Beverly Hills REALTOR® on Board
Hire a Beverly Hills Realtor who has experience with Beverly Hills luxury homes in particular. They will be able to give you specific information that other agents wouldn’t be able to. For example, they’ll be able to tell you which luxury communities are the best to invest in.
A luxury real estate agent in Beverly Hills should be well aware of communities around the area. If you find a home you’re seriously considering, always have it inspected. Avoiding this could result in buying a pretty home that that may not have solid bones. Try to select a home inspector who specializes in Beverly Hills luxury homes rather than regular houses. Are you searching in the hills? How’s the foundation?
Modern Beverly Hills homes these days often come with sophisticated electronic systems that could require great expertise to manage. Here at The Shelhamer Real Estate Group – we have a team of trustworthy tradespeople and experts at your disposal.
#3. Ask for Private Listings
Ask your Beverly Hills Real Estate Agent for private or “pocket” listings that are within your price range. High end homeowners may not allow their agents to put their homes public on the market to protect their privacy. Often luxury Beverly Hills home owners will only show their homes to pre-qualified buyers to avoid tire kickers and wondering eyes. We recommend having your POFs proof of funds in the form of a bank statement so they seller’s know you’re a serious buyer. You’ll go to the top of the list.
Most Beverly Hills Real Estate Agents can work with other luxury agents to find you houses that you wouldn’t see in online listings. It definitely pays off hiring a well connected luxury agent.
#4. Will it Sell in the Future?
While you might love the solid gold toilet in your luxury home, will that appeal to other buyers? If you purchase a unique home remember that it may be difficult to sell for top dollar in the future despite being luxurious.
#5. Research Online
While your Beverly Hills Real Estate professional will help you find a Beverly Hills Home For Sale, you can still do research on your own. Look at Shelhamer Real Estate Group luxury home listings, take virtual tours and research neighborhoods. You’ll learn a lot just by looking around at what’s out there!
Concentrate on finding websites online who specialize in displaying luxury Beverly Hills Homes For Sale and provide additional information that is beneficial to you.
#6. What about the Title?
If you’re concerned about taxes or even your privacy, then speak with your tax accountant about how you’ll take the title for your luxury home.
#7. Ask Experts for Tax Information
Luxury Beverly Hills Homes For Sale often have extremely high taxes, and that’s why you should speak with your estate planner or tax accountant before you make the final purchase. They’ll give you tips for taking the title and information on tax deductions.
#8. Trust Your Real Estate Agent
Work with a real estate agent who respects your privacy and won’t speak to others about your needs, budget or other sensitive information.
#9. If You Can, Use Cash
Cash is always the best option for purchasing a luxury home, but if you want to keep cash free, then take advantage of a low interest mortgage from Joe Tishkoff, Skyline Home Loans.
#10. Prepare Your Financial Information
Some Beverly Hills Real Estate Agents and even sellers want proof that potential buyers can afford luxury homes. Have bank statements and other documents that prove your wealth available to show to the necessary parties, we covered this above and it’s worth mentioning again. I know it’s sometimes uncomfortable to share your financials with anyone. You’ll have to trust your real estate agent who is working for you. If you feel uncomfortable, work with a real estate professional you trust. Simple. Some seller’s request the POFs so to only open their doors to qualified buyers.
Buying a luxury home in Beverly Hills can be a wonderful experience, and these tips will ensure things go more smoothly. Consider them before you ever contact an agent to look at homes and you’ll be glad that you did!
Your Beverly Hills Real Estate Professional
I’m a local Beverly Hills Real Estate agent with The Shelhamer Real Estate Group and It would be my pleasure to help you find the perfect property to call home in Beverly Hills, or if you’re thinking about selling a house, condo, or multi-family building in, Beverly Hills, Bel Air, Westwood, Culver City, or West Hollywood it would be a privilege to help you get top dollar for the sale of your property.
Lets chat sometime. 310-913-9477 or contact me.