buying custom west chester luxury homes

Posted by Marty Snyder

Some West Chester Luxury Homes Might Not be Out of Reach

The content the National Association of REALTORS® publishes is usually staid and non-controversial. After all, what they put out there has to ring true for the real estate industry in every nook and cranny of the country: in communities large and small, coast to coast—from Podunk to Peoria, Manhattan to West Chester. Real estate is, after all, the most massive industry in the country, so you’d expect the Association that represents its professionals to be hyper-cautious in its pronouncements.

custom luxury homes for sale west chester oh

7 prudent cautions and considerations for buying luxury homes

So it was eye-widening to come across an article in the REALTOR website that was a how-to on buying a luxury home without having to pay a lot of money for it. I’m of the opinion that West Chester luxury homes are more expensive than less-luxurious homes—so I was eager to see what in the world they were talking about.

Active and pending luxury homes for sale in West Chester OH

Surprisingly, they had a point—in fact, several good ones. In truth, the “6 Sneaky Tips for Buying a Luxury Home Without Wads of Cash” are mainly variations on becoming a shrewd shopper, but putting them in one list was a clever way of presenting that idea. And I can add a few more along the same lines for future West Chester luxury home shoppers.

Their six tips started with timing: waiting for the darkest, dankest days of winter, possibly around Christmas, when few other prospects are out there competing. Then look for evidence of a motivated luxury home seller who has recently reduced price a couple of times. Then see if the motivated seller will finance at least a piece of the mortgage (although this slightly contradicts a previous tip, which was to “make your bid straightforward”).

Both of the last two tips call for disclaimers: to check out foreclosure listings and to be ready to borrow from your retirement funds. The first tip is not “sneaky” at all—but should carry a disclaimer that, as with all foreclosure buys, it’s a good idea to check that the property won’t ultimately involve “wads of cash” to rehabilitate. Likewise, raiding your retirement plan requires the utmost of caution (and probably professional guidance).

A (non-sneaky) tip I would add is to be realistic when budgeting the upkeep costs your West Chester luxury home will generate. Maintaining luxury can be relatively expensive—and allowing it to deteriorate, even more so. Another tip: be patient, and think long term. Be willing to start with a non-luxury home you can improve, and start the process of working your way up. It’s non-sneaky in the extreme—and it’s the way most West Chester luxury home owners wind up luxuriating!

buying a luxury home in west chester? see our reviews

One last tip is equally non-controversial: reach out to an experienced West Chester real estate professional who understands your goals and stands ready to help—not just now, but for the future, as well. Call us to start that process!

#form-buyer#

Ohio Realtor

Marty Snyder

Realtor, Webmaster, Social Media 

Cell: 513 292 9374

Marty@SWOhiorealestate.com

2 Responses to "buying custom west chester luxury homes"

Betsy Bishop wrote: Thank you for the information, Greg. I've been reading a lot of your posts over the past few months and I find them all to be very helpful! Thank you and keep up the great work!

Posted on Tuesday, July 18th, 2017 at 11:33am.

Greg Hancock wrote: Hello Betsy, thank you! I'm glad you find the info helpful. If you're thinking of buying anything in the Southern Ohio real estate market or West Chester area, we're glad to help. Have an awesome day.

Posted on Tuesday, July 18th, 2017 at 12:52pm.

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