High-end Southlake, Texas luxury home buying can be overwhelming if you’re not prepared for it. There’s something quite thrilling and a bit terrifying about buying your first Southlake luxury home. It can be an overwhelming process especially if you’re not ready for it. here are some ways to know if you’re prepared to tackle the high-end housing market:
Download my report, “Dallas Home Buying Process Guide,” to help you find and buy a luxury home.
Look at your finances to determine if luxury is in your price range.
Cost is an important factor in Southlake luxury these days. Homes and condos upwards of $1,000,000 in Southlake fall into this category. Evaluate your finances to determine which luxury properties in the area are attainable based on how much you can spend. You’ll also need to consider how you plan to pay for or finance your luxury home. Consult with a mortgage lender to get pre-qualified and to discuss your options. Consider how much money you have in the bank. Even if you don’t pay cash for your home, you’ll need a nest egg for your down payment, emergency fund, home maintenance and moving expenses. Property taxes are high in Texas and you need to account for the property taxes also in your financial calculations.
Tip: 10 Steps: How to Make a Successful Relocation Move. Look at your future plans.
Short-term homeownership is never a good idea even in a seller’s market like Southlake. That’s why it’s important to make sure you are in a stable job and have plans to stay in area 5 to 7 years or more. You may not be able to recoup your down payment, mortgage-related fees and home maintenance and repair expenses if you don’t stay in the home for the long-term.
Are you being realistic about what’s available?
Buying a luxury home in Southlake is not like an episode of “House Hunters.” There’s a lot of work involved as you learn more about the local market and what’s available for purchase in Southlake. Set your expectations for what you want in your dream home and then prioritize them to determine where you’re willing to compromise. Some things to consider include:
Movie theaters or media rooms
Large patio in the backyard with an outdoor kitchen
Land and privacy
Top-of-the-line safety and security
An expansive master suite
Neighborhood amenities like a golf course, swimming pool, and clubhouse
Are you willing to be patient?
Make sure to take emotion out of the equation when buying a luxury home. You don’t want to make a hasty decision that locks you into a high-end and high-dollar home that you’re not happy with. Stay focused on what you can afford and what you prioritized as must-haves to find the right fit for you and your family. How the Right Top Southlake Luxury Real Estate Realtor Can Help Finding the right agent will help you find a Southlake area luxury home that meets your wants and needs and get the best price and terms for your purchase. Real estate agents who are certified as luxury realtors offer a high level of service and expertise than those who work across all categories of real estate. Top Southlake Real Estate Agents who are REALTORS and have designations like CRS & ABR can provide the greatest insight into local market trends, including where to look for your next home, navigate the high-end buying process and make an offer the seller can’t refuse.
Luckily, Nitin Gupta has taken time to train himself in the nitty gritty of real estate and has been awarded multiple designations and certifications like ABR, CRS, GRI, SRS, SRES, MRP, ALHS that enables him to understand and navigate the complicated home buying & selling processes while protecting your interests as his clients. This gives you peace of mind in knowing that your realtor has everything covered.
Nitin works extensively with physician clients who prefer to buy luxury homes in Frisco, Southlake, Lakewood, University Park and other cities that offer great schools and beautiful luxury homes. Nitin has received great 5-star reviews from his clients and a lot of his business is referral business from past clients.
Watch our Southlake Luxury Home Buyer Client Video Testimonial below:
About Us - The Best Real Estate Agent in Southlake
As a Real Estate Professional, I understand the challenges that arise from a Relocation. I work with families including physicians who are relocating to Dallas metro area. I have earned a number of real estate certifications and designations in an effort to learn and provide excellent customer service to my clients. As a CRS, ABR & GRI, I can offer my clients experience as an Agent and REALTOR®, top Industry Customer Service, in-depth, up-to-the-minute and comprehensive market knowledge; honesty, integrity, dedication, and professionalism in my business.
If you are looking for a Real Estate Professional in Southlake to help you achieve your dreams and goals, someone who will listen to your needs, use all the Marketing and Technology available to him, then contact me today.
What is most important to you in your new city - Southlake? With a little bit more info about what you’re looking for in a new city, we can help you determine whether or not Dallas would be a good fit. Send us an email at [email protected], fill out our Relocation Questionnaire, or give us a call at (469) 269-6541 to schedule a no obligation consultation. We’ll give you honest advice about Dallas that you can use to help make your relocation decision. In the meantime, check out our Guide to Relocating to Dallas.
Whether you are an individual simply relocating to Southlake, or moving your entire family due to transferring with your company, we can help. Our relocation professionals ease the transition whether you are moving across town or across the globe. We will work with you to find an area that best suits your professional, family and lifestyle needs. Since many of our clients are relocation buyers, we have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, we can make this process as comfortable as possible no matter where you are located.