Looking to Move-Up to a Luxury Home? Now’s the Time!

luxury homeIf you have decided your next move is into a luxury home then Naples is definitely the place to be!  We have so many wonderful luxury homes on the market for you to choose from.  The sky is the limit to the luxury available to you in our area.  I have seen luxurious homes in the $800,000 to $1,000,000 price range and the sublime to the ridiculous luxury in the $4,000,000 and up price range!  They are all here waiting for you to take your pick.  So don’t delay call me now so we can begin our journey to finding you the perfect luxury home that suits your needs and your budget!

Courtesy of Keeping Current Matters March 2017

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! We recently shared data from Trulia’s Market Mismatch Study 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 those 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 your house their new home.

The sale of your starter or trade-up house will aid in coming 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.

In a recent Washington post article, Daryl Judy, an associate broker with Washington Fine Properties, naples-pier-300x225gave some insight into what many millennials are choosing to do:

“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”

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 are looking to step into a luxury home… Now’s the time to list your house for sale and make your dreams come true.

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine.  If a luxury home is in your future there are plenty to choose from in our gulf side Paradise!  Call me and let’s get started!

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