Luxury homes have long been in demand in the North Bay, where breathtaking ocean views, thousands of acres of preserved open space, and award-winning wineries make living the good life more than possible.
Access to upscale shopping, dining, art and leisure options is easy. Amenities are topnotch. Residents enjoy maximum privacy and security.
Luxury homes here are also good investments. The value of real estate in the North Bay has been steadily and continuously appreciating over the years, a trend that’s not likely to change any time soon.
In the counties of Marin, Napa, and Sonoma, you’ll find sprawling mid-century modern masterpieces, ornate Victorian homes, Mediterranean and Spanish Revival-style villas, and an array of custom-built residences. These homes represent some of the most expensive residential real estate in the country.
Tips for buying a luxury home
While the home-buying process is more or less the same across all price points, the luxury home market has its own set of considerations. Here are some tips in buying a luxury home.
- Do your homeworkYou can’t rely solely on the internet if you want to get a good idea of available luxury homes in your chosen area. Many owners of distinctive homes prefer to sell quietly, which means you’ll need to find a way to access off-market properties. Connect with a local Realtor who knows the area and the market chances are good that they will be able to provide you with the information you need.
As a member of the Marin Platinum Group, Abby knows which properties are available even before they hit the market.
- Don’t judge property by the way it looks onlineLuxury homes tend to look good on the net, mostly because they really are beautiful, but sometimes because they get the added benefit of being professionally lit and photographed. Conversely, a beautiful home may not show to its best advantage online. You really need to get up close and personal with a property.
- Work with the right RealtorHaving the right help can make all the difference in the world. Work with a Realtor who has experience in the sale and purchase of luxury real estate, has a wide network to tap, and a good track record. They should know the lay of the land and prevailing market conditions.
- Get financing earlyIf you’re getting financing for your home purchase, don’t delay. The loan approval process for jumbo loans is typically longer than that of smaller loans.
- Transparency is key
Be prepared to reveal the full nature of your job or business, as well as information about your other investments and assets. Sellers of luxury homes will only entertain offers from buyers that they know are qualified. Other sellers ask for a letter from an accountant or a bank statement as proof of a would-be buyer’s financial capability.
Luxury Properties – Marin, Sonoma and Napa County Real Estate
Abby Tanem looks forward to helping you find the right luxury home anywhere in Marin, Sonoma, or Napa. Call her today at 415¬497-9542 or email her at [email protected]