5 tips for buying a luxury home in Montenegro.

5 tips for buying a luxury home in Montenegro

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Luxury homes are generally described as those in the top 10% of the market. They are usually located in the most optimal areas in a market, are large in size, and are built with high-end materials.
Luxury homes often have unique design elements and amenities not found in most homes.
If this is your first time purchasing in the luxury market, you should know that the process can be very different from buying a typical single-family home.

Here are some tips to help you navigate the luxury home market.

1. Be patient

Shopping for a luxury home may take longer than average. For one, there are fewer of them, which, of course, is what makes them unique. Since many luxury homes have décor or features that are distinctive, quirky or eccentric, finding one that fits your style may take a little while.
The closing process may also take longer as there is more to inspect, more to negotiate on, and often exceptional circumstances to be worked out.
Make sure you are getting what you want.

2. Know where to look

Luxury homeowners, especially if they are high-profile people in their area, often don’t want their homes pictured. You may need to network with people in your desired area to find out what homes are offered. Look online for luxury home sales websites such as mansionglobal.com or luxuryportfolio.com.

3. Check for possible planned development

Don’t assume the lovely pond or wooded park behind the property will always be there. Make sure you know of any development plans that may affect your view, the amenities around the property, and the future resale value. You don’t want to buy a home for its beautiful sea or mountain views only to find out another property will be built along the way.

4. Consult with your financial advisors

Make sure you qualify for the purchase amount you are thinking about. Luxury home sellers often want proof that you qualify to purchase their home before they even allow a showing.
If you get a showing, you will undoubtedly need to have your financial preparations done before you contemplate an offer.
Everything is scrutinized more closely in the luxury price range. You should also make yourself aware of all the financing options available.

5. Work with an experienced luxury home agent

The right agent knows all of these tips and more. We are knowledgeable in the high-end neighborhoods in our market area and understand the intricacies of negotiating and closing on luxury homes.

Are you ready to purchase a luxury home?
We are available and ready to help you in your search, contact us to find together the kind of house that suits you perfectly.