Buying a Luxury Home Over the Holiday Season
The holiday season is great for many different reasons, time with family and friends, memorable vacations, or celebrating special moments in the community. But how about purchasing a luxury home at the Lake of the Ozarks? Buying a home second or vacation home during the holiday season can be a behooving move as there are some time-sensitive factors that arise, potentially letting you secure a phenomenal deal for some of the most luxurious homes. In this week's blog, Luxury Lake Home will spotlight just a few key reasons that the holiday season is the perfect time to purchase a second home at the Lake of the Ozarks.
Hire a Local, Well- Established Real Estate Agent
It's statistically proven that a majority of real estate is sold by a handful of real estate agents. This means that when you're looking to work with a top professional in the industry to receive the best negotiations, housing selections, and overall luxury homebuying experience - connections and success in the industry are a MUST.
Luxury Lake Home partnered with Berkshire Hathaway HomeServices Lake Ozarks Realty in order to provide you with access to the most effective and efficient connections and resources on the market. So, when it comes to handling luxury real estate at the Lake of the Ozarks, Luxury Lake Home is your premier luxury real estate specialist.
Motivated Sellers (Tax Purposes, Builders/Investor Moving Inventory)
It's easier to find a motivated seller over the holiday season. The reason being, there is typically a reason that someone would be listing their luxury home for sale around the holiday season. These reasons can include but are not limited to personal changes of circumstances, job relocations, or family matters. Having a motivated seller can provide you with the opportunity to do a little extra negotiating when it comes to the final costs and who pays what as the seller has factors that entice them to sell other than just the net proceeds for the sale.
Tax purposes are yet another reason that a seller could be motivated to sell during this time of year. In efforts to minimize losses or reduce taxes owed, a seller may opt to give extra credits or discounts towards the sale of their property to get the home sold prior to year's end.
Builders and investors can be a good avenue when shopping for luxury homes as they understand this type of transaction and their need to save money from their business point of view will benefit you as the buyer of their real estate. For instance, a builder looking to move their inventory prior to year's end may throw in upgrade packages throughout the home as a way to sweeten the deal for you.
Negotiations
So far we've discussed, why to hire a local luxury real estate professional and seasonally motivated sellers. When these two elements come together, they lead you to a heightened amount of negotiating power. When you time your purchase of luxury real estate just right you find yourself having extra bargaining chips due to the connections and professionalism you receive with the luxury real estate agent, as well as the motivational factors that your sellers have. When all of these factors are utilized effectively you can land the deal of a lifetime in your new luxury Lake home.
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