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Buying A Home: Why You Should Be House Hunting NOW

Buying a home is one of the biggest purchases you will make in your lifetime. Many buyers jump headfirst into house hunting without any real guidance or understanding of how the housing market works. At Sunbelt Real Estate our dedicated agents are eagerly anticipating your call, armed with knowledge and insight into the real world of home-buying. If you’re considering buying your first home, a vacation home, or just exploring your options for the future, we strongly urge you to do it with the help of our qualified professionals who wants only the very best for our clients.

Reasons to Buy in Today’s Economy

  • Appreciation: House values are higher than ever in today’s economy. Historically speaking, values have risen at a rate of 5.2% yearly but in most recent years, values are rising at an astronomical 7%, which in turn will create a higher demand for housing in the very near future, thus raising the equity in your home.
  • Low-Interest Rates: Due to the economic crash, home loan rates are at an all-time low, making it easier than ever for you to get into a new home.
  • Zero Down Options: Tying into low-interest rates for mortgages are zero down options that many financial institutes now offer. If a zero down option is not available, many places are still offering lowered down payments, such as 1% or 3%, contrary to the popular belief that 20% down is required.
  • Bad Rental Market: With prices of rentals soaring, what better time to buy your own home? Paying on your mortgage instead of paying someone else’s mortgage just makes more sense logically and financially. Rental prices are expected to go up even more in the next few years, depending on your area, whereas with a fixed-rate mortgage, you pay the same amount every month!

Tips and Tricks on Buying

  • Hire An Agent: Agents can effectively choose houses that suit your individual needs without wasting your time; short sale properties and the like can be a headache to home buyers and skilled agents will know what properties to look at to avoid wasting your time.
  • Get Loan Pre-approval: Having financing in places makes it possible for you to put in an offer on a home you love immediately without the worry of having someone else put in an offer first. This is not always necessary but it can alleviate stress on you, the homebuyer, and many sellers who often times won’t entertain offers from individuals without assurance that the buyer can get a loan.
  • Negotiate Offers: Negotiating is a big part of buying a home and with the help of a real estate agent, the process can go smoother than ever. You may need to negotiate up if there are many offers on a property or negotiate down if the seller’s asking price is too high for the area or if the home had issues that would need to be tended to upon purchase.

Why Sunbelt?

Sunbelt Real Estate has been helping home buyers find their perfect home for the past 20 years. Sunbelt serves the Connecticut area into New York’s Metro area, as well as Florida and international areas. With a vast knowledge of many different areas and properties, Sunbelt is sure to satisfy your needs and provide you with a purchase you can be happy and confident in. Contact us today so we can help you move into the home of your dreams!

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Getting the Best Price For Your Stamford Luxury Home

When it comes to selling your luxury home, the stakes are a bit higher than the average house. Making a small mistake can end up costing thousands of dollars. On the other hand, understanding the intricacies of this market can result in thousands of extra dollars in your pocket. Here are a few tips for getting the best price possible for your home.

Proper Timing

One of the selling points of luxury homes is often their proximity to local, natural attractions. For example, if you’re selling a home that is close to several local ski resorts, seeing the home blanketed in fluffy, white snow may be the best way for the buyer to understand the true value of the home. A home near a lake may be best seen by buyers during the summer when the sun is shining. Make your local geography work for you; don’t let it obscure the benefits of your home.

Price It Correctly

Pricing a luxury home is more difficult than a regular home, as they often have unique features that only certain buyers will value. Using a simplistic measure like price per square foot can lead to prices that are way off, and an inaccurate price can have drastic consequences.

Price a home too high, and it will sit on the market. Luxury homes that sit on the market for too long can develop a stigma—there must be something wrong with it if no one is buying it. This is especially true in the luxury home market, which has a small pool of buyers. These buyers will eventually forget about a home that has sat on the market too long. Conversely, pricing the home too low can lead to a lot of money being left on the table.

Hire the Right Agent

All of the tips in this article boil down to one thing—partnering with the right agent. A local agent experienced in selling luxury homes will know exactly when to place the home on the market, and at exactly what price. It is crucial to have someone with this kind of experience on your side as you undertake the process of selling your home.

Contact Sunbelt Real Estate for all of your luxury real estate questions.

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Buying A Luxury Home: Amenities That Are Right For You

Cicero‘s early Roman proverb, “A man’s home is his castle” is still applicable today. Why not make your home the castle you have always dreamed of? When you are looking for that perfect castle, remember this will be your home. Choose what is perfect for you.

More is less. You should feel breathless upon entering your home. Search out those unique details and hidden touches. Those are what will make you stand apart from others. Plan for family and friends enjoying your home. Guest rooms and outdoor spaces will make your look glorious. As the kitchen and living areas are at the center of your world, make sure they are perfect for you and your family.

Consider the property. You want to feel the privacy and security of your own space. Make sure there is ample space to live your dreams. Walk around in the space to smell, breathe, envision the energy you will expend there. Look at the views you will enjoy. Check out the neighborhood.

Take into account your lifestyle. You want to live close enough to what you love, yet far enough to have your own haven. Consider all who will be living in your home. Acknowledge the needs of each one to have harmony and beauty within your luxury.

Think about how the technology will meet your needs. Do you desire entertainment, communication, and high security? Or would you be more content with a rustic, unplugged lifestyle? Have space to work hard and be able to unwind and play just as hard.

Contact Sunbelt Realty to help you find that perfect castle to make your home.

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Three Tips for Buying a Luxury Home

Buying a luxury home is a big investment, one that you should not go into without the proper preparation. Whether this is your first luxury home or you have lived in a luxury home for years, finding the right home for your family’s need is essential. If you are considering purchasing a luxury home, there are several things you should do.

Do Not Settle

When you are fresh out of college and not making a lot of money, you may need to settle for a home that is not entirely what you had envisioned. When the time comes to purchase a luxury home, though, you are investing a large amount of money. You should not have to sacrifice that third bathroom, give up on the idea of a large yard, or buy a home in a less-than-desirable neighborhood. Your luxury home should be something you love.

Be Willing to See the Potential

On the surface, it may seem contradictory to say that you should not settle but that you should also be willing to see the potential. Even a luxury home, though, may have a few things that you need change. Do not allow the lime green walls or the outdated kitchen cabinets to scare you away from an otherwise wonderful home. See the home’s potential. Small fixes are not going to cost very much to change. Even larger fixes may not be big deal if they are factored into your home budget. Be willing to see how a home that is not quite perfect yet could be perfect, especially if it is in a neighborhood that you like.

Work with the Right Agent

While some people are lucky enough to stumble upon their perfect home on their own, most people need the assistance of an experienced real estate agent to find the right luxury home for their family. For the most effective home buying experience, be sure to partner with Sunbelt Real Estate during your home search.