Common Florida Luxury Homebuying Challenges, and How to Avoid Them

by HOMESEARCH Realty & Investments, LLC 02/04/2019

If you plan to pursue a luxury residence in Jacksonville, Tampa Bay or elsewhere in Florida, it generally is a good idea to learn about potential property buying challenges. That way, you can quickly identify potential homebuying challenges and address them before they escalate.

Ultimately, there are many challenges that homebuyers may encounter when they search for luxury residences in Florida, and these challenges include:

1. Lack of Quality Luxury Homes Available

Let's face it – luxury houses in Fort Lauderdale, Orlando and other Florida cities and towns are in high demand. If you fail to plan ahead for a Sunshine State luxury home search, you may miss out on the opportunity to acquire your ideal residence.

Typically, it helps to refine a Florida luxury home search. This will enable you to focus exclusively on luxury houses in your preferred Sunshine State cities and towns and speed up your home search.

Think about where you want to reside in Florida and plan accordingly. For example, if your goal is to own a luxury house close to Disney World, you should narrow your home search to properties in and around Orlando. Or, if you want to own a luxury house that offers convenient access to the top beaches in Miami, you should explore the luxury residences available in and around Miami.

2. Lack of Home Financing

Although you know you want to buy a Florida luxury house, you still have no idea how much you can afford to spend on a home. Lucky for you, lenders are available that can teach you about jumbo mortgages and help you get pre-approved for home financing.

A lender employs expert jumbo mortgage specialists who are ready to respond to your home financing concerns and questions. These professionals can describe how jumbo mortgages work and help you find a jumbo mortgage that matches your finances. Then, once you receive pre-approval for a jumbo mortgage, you can enter the Sunshine State luxury housing market with financing in hand. Perhaps most important, getting pre-approved for a jumbo mortgage may help you reduce the risk of spending beyond your means to purchase your dream Florida luxury home.

3. Inability to Define a "Competitive" Homebuying Proposal

After you find a Florida luxury home that you want to buy, you likely will try to submit a "competitive" offer to purchase this residence. Yet determining whether to submit a homebuying proposal at, above or below a seller's initial asking price sometimes can be difficult.

If you work with a real estate agent, you can get the help you need to put together a competitive homebuying proposal for any Florida luxury house, at any time. A real estate agent understands the ins and outs of buying a luxury residence in Lake Worth, St. Augustine or any other Florida city or town. As such, he or she will help you submit a competitive offer to purchase the Florida luxury home of your choice.

Take the guesswork out of buying a Florida luxury house – prepare for the property buying journey, and you can overcome any challenges that come your way.

About the Author
Author

HOMESEARCH Realty & Investments, LLC

Serving the Englewood, Rotonda West, Port Charlotte, North Port, Venice, Osprey, Nokomis and Sarasota, Florida Real Estate Market

Welcome! Bienvenue! Contact me anytime in English or French. Vous parlez Français? Contactez moi c'est ma langue maternelle!

Our Realtors services that go far beyond just listing and selling. Because each Real Estate transaction is unique, we simplify what could be a complex process into a smooth experience. We accomplish this by using the best professionals in multifaceted expertise, such as financial and public institutions, attorneys, appraisers, closing companies, insurance companies, and more. Whether you are Locally, National or Internationally located, our multilingual and multicultural Agents are focused to convey the specific knowledge needed for a successful investment. How do we make this possible for you? International networking, designated certifications and licenses, use of the latest technologies, experts forum, webinars, and much more.

Come and meet with us at our new Floridian style office, conveniently located in Englewood Florida, only a short distance away from Port Charlotte, Rotonda West, Venice and Sarasota. 

We look forward to meeting you soon,

Genevieve Poulain

     Broker/Owner

QUALIFICATIONS:

  • Geneviève Poulain is member of the National Association of Realtors since 1999
  • Member of local board EABOR Englewood Area Board or Realtor
  • Member of Englewood Chamber of Commerce
  • NAR-CIPS Certified International Property Specialist
  • NAR-TRC Transnational Referral Certified
  • NAR-SFR Short Sales & Foreclosure Certified
  • NAR-AHWDD At Home With Diversity designation
  • REALTOR of the Year 2010
  • Multi-Million Dollars Producer since 2000
  • CAM Community association management licensed in 2001

These skills added to her Associate Degree in computer science and a Bachelor’s Degree in Business Administration with a concentration in Marketing, are without any doubt the key of successful real estate career! 

Genevieve is Homesearch Broker of Record since 2008. In 2010 she become Broker/Owner.

In November 2012, she has decided to relocate her office to offer customers an easy access and a better exposure for walk in buyers. Her strategy is and has always been "a small team of experts to answer local, national and international customers needs"

Looking to buy a new home now? Looking for an experienced Homesearch agent to complete smoothly and successfully this road with you? Call Geneviève now to answer all your real estate questions, and show you the way to a stress free real estate experience.

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