Winnipegs Real Estate Blog - Bo Kauffmann, REALTOR®Info and Tips for Buyers and Sellers of Winnipeg Real Estate - http://blog.winnipeghomefinder.com

Buying A Luxury House: 9 Things You Should Know

by Bo Kauffmann - Monday, January 04, 2016

http://blog.winnipeghomefinder.com/buying-a-luxury-house-9-things-you-should-know/

If you're interested in buying a luxury house, this post is for you.

This is definitely an exciting time for buyers who are shopping for high-end homes, andWinnipeg has a lot to offer when it comes to ritzy properties. However, the luxury home buyingprocess is one you'll want to do your homework on if you're interested in buying a dream homeand not just a big house.

Take a look at these tips from the luxury home market before committing to anything and makinga purchase

1. Patience is a virtue

If you're considering buying a luxury house, you should learn to be patient. Making a hastydecision will only lead to buyer's remorse. You don't want that. What you want is the best valuefor your money.

2. You can't always trust the photos

The best advice I can give you here is to not dismiss a house just by looking at the photos. Theonly way you can truly appreciate the real value of a home and to find out if it's right for you isby seeing it in person.

3. There are no standards when buying a luxury house

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Winnipegs Real Estate Blog - Bo Kauffmann, REALTOR®Info and Tips for Buyers and Sellers of Winnipeg Real Estate - http://blog.winnipeghomefinder.com

It's impossible to say what the perfect luxury property would look like. It all depends on yourtaste and your needs, so don't let yourself become totally influenced by trends. Do some soul-searching instead.

4. It's more important to find a house that truly fits your lifestyle

You may find a beautiful property with a gorgeous pool which your friends will love, but if youdon't like to swim, it might not be the best choice for you. Your home should allow you to domore of the activities you’re passionate about.

Thinking of buying a luxury house in Winnipeg?

5. The pool of buyers you're competing against is a lot smaller

This is only one more reason to be patient. Less competition means you have more chances offinding an incredible home and getting a great deal. That's if you don't rush into anything.

6. Financial documentation is a must

It's just better to document everything when buying a luxury house. Also, you should considerplanning ahead. Getting your financial documentation together at the last minute can be stressfuland simply not worth it.

7. A good agent won't make the decision for you

I always try to give the best advice and give suggestions using my expertise and knowledge, but Inever make the decision for my clients. At the end of the day, you need to feel comfortableknowing that it's you who made the final call.

8. It's best to work with a local REALTOR®

If you're interested in buying a luxury house, you should rely on an agent who is familiar with thelocal market and knows all the hidden treasures in the area you are interested in.

Living and working in Winnipeg, I'm confident that I can provide you with the information youneed to make an informed decision if you're interested in buying a property here.

9. You can find the best luxury estate there is

You just need some help. I'd love to hear more about what exactly you're looking for in a homeand we can work together towards finding a property that fits your criteria perfectly.

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Buying a home may be the largest and most complex fi nancial

transaction you ever undertake. If you’re ready to buy a home,

wouldn’t you prefer to work with the most qualifi ed real estate

professional you can fi nd?

An Accredited Buyer’s Representative stands out in the crowd.

If your REALTOR® holds the ABR® designation, you can trust that

they have the extra edge when it comes to KNOWLEDGE AND EXPERIENCE.

an Accredited Buyer’s Representative?

Why Work with

The ABR® designation is awarded by the Real Estate Buyer’s Agent Council (REBAC), a wholly-owned subsidiary of the National Association of REALTORS®.

To learn more about REBAC and access various homebuyer resources, please visit www.REBAC.net.

The ABR® designation is only awarded to licensed real estate professionals who complete specialized training that gives them the edge in understanding a buyer’s perspective and protecting and promoting their buyer-clients’ interests. Before earning the ABR® designation, buyer’s reps must also demonstrate proven experience in representing buyers. Further, they are committed to maintaining their professional edge by staying current on the latest issues and trends in buyer representation.

When you work with an ABR®, you’ll be served, not sold. Your interests become their interests. They’ll make your home buying experience go as smoothly and successfully as possible.

You can expect your ABR® to:

• Understand your specifi c needs and wants, and locate appropriate properties

• Assist you in determining how much you can afford (pre-qualify your mortgage)

• Preview and/or accompany you in viewing properties

• Advise you in formulating your offer

• Help you develop your negotiating strategy

• Provide a list of qualifi ed vendors (inspectors, attorneys, lenders, etc.) for other services you may need

• Keep track of every detail throughout the transaction—to closing and beyond

Not all buyer’s representatives are equal. Only a buyer’s rep who has earned the Accredited Buyer’s Representative designation has made the extra effort to raise the bar, with additional training and experience. If you work with an ABR®, you can feel confi dent that you’ll receive the highest level of buyer-representation services.

The ABR® designation is awarded by the Real Estate Buyer’s Agent Council (REBAC), a wholly-owned subsidiary of the National Association of REALTORS® (NAR).

Why?

Valuable Real Estate Information Resources

Winnipeg Home Finder

If you’re looking to buy, or sell a property in Winnipeg, check out this website.

It contains links to all

Re/Max Condo Listings, all Re/Max House Listings and even Re/Max Luxury Property Listings.

Winnipeg’s Real Estate Blog

Bo Kauffmann, REALTOR® After retiring from the Winnipeg Police Service, Bo joined Remax Performance Realty

and quickly became on of Winnipeg’s top producing REALTORS®. You can find him on Facebook, follow him on Twitter and Google+, and connect with him on LinkedIn.

Winnipeg’s Real Estate Blog and Winnipeg Home Finder are trademarks of Bo Kauffmann, REALTOR®

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