Buying Luxury Homes | Fine and Country South Africa

Luxury Homes

5 tips from the experts to keep in mind when buying luxury homes

If you are in the market for a new residential property, you will know that it is both exciting and stressful at the same time. This is often even more pertinent to those in the market for luxury homes. Acquiring property at the top end of the spectrum requires even more vigilance and care, as there are additional potential risks and challenges, and larger amounts of money in play.

However, just because there are more things to consider, it does not mean that the process should be an unpleasant one. If you approach it logically and with care, you can eliminate any unnecessary risks and revel in your excitement about acquiring a new property. Here are some tips on how to ensure the process of buying luxury homes is as smooth and stress-free as possible:

1. Always start by doing your research

It is tempting to simply jump in and start looking at properties. However, this could lead to hasty and bad decisions when you see something you like at the wrong price. Find a reputable property agent who deals in luxury homes and browse their website to get a feel for the price range of the type of properties you are interested in. This will help to provide you with context when viewing homes, so that you know whether a property is well-priced, or whether you can negotiate on the selling price.

2. Partner with a trusted real estate agent

While doing your research, also pay attention to the real estate agents whose websites you visit. Choose one with a great track record of dealing in luxury homes, like the internationally affiliated Fine & Country South Africa, and get in touch with them. You want an agent who understands the premium residential market, but who also knows the area in which you are looking really well. A good relationship with your agent will assist in communication, which is vital when you want someone to understand your needs and help you find something that meets all your requirements.

3. Remember that the financial side includes so much more than simply the asking price

This might seem obvious, but it is easy to get carried away when looking at luxury homes. Remember to keep things in mind like property rates and taxes, as well as insurance costs. This is not about whether you can afford it, but rather whether the purchase is still a good investment. Also, decide whether you want to buy the property cash or by using a mortgage. Even if you can afford a cash purchase, you may want to use the available funds for a different investment.

4. Consider the resale value of the property

Even when you love a property, consider whether this purchase will deliver any returns in the long run. Generally, property is a good and stable investment, but some luxury homes can be overpriced, situated in areas that are subject to change in nature, or the house is built according to specifications that might get dated very quickly.

5. Look deeper than just the photos

Sometimes, a luxury home is purchased as a holiday home, or as a secondary residence in another city. Make sure that you view the house in person before you commit to a sale. Something might look great in photos, but does not feel right in person. Trust your gut instinct.

Fine & Country South Africa is an established and respected estate agency who specifically deals in luxury homes. Our specialist knowledge of this specific market makes us a sought-after partner when it comes to buying luxury homes, and ensures that we have an extensive portfolio of exclusive properties to offer the discerning buyer. Contact us today for more information and let us help you find the perfect property for you.

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MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongThailandNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

Media Centre


MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

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Fine & Country Foreign Exchange


We have partnered with IFX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »