If you are looking at luxury homes for sale in South Lake Tahoe, you may think that the process is the same as buying a more affordable home. You make a list, schedule the tours and off you go. When it comes to Lake Tahoe luxury homes for sale, the process is a little bit different. If you are looking for specific luxury homes for sale in South Lake Tahoe, be sure to check out this list of tips from industry experts!
- Get creative with the search process
Homeowners of Lake Tahoe luxury homes for sale don’t always want their property listed or advertised. When you are talking about millions of dollars, the rules of the game change. Some of them are pocket listings and spread only via word of mouth amongst the local Lake Tahoe luxury realtors, while some are listed in the MLS but not published to IDX. Which means it won’t show up in your search results online. Therefore, working with a qualified Lake Tahoe luxury realtor is even more important.
- Work with a local Lake Tahoe luxury real estate expert.
While we are on the topic of who you work with, it is so crucial to align yourself with someone who is familiar with the Lake Tahoe luxury real estate market, you get insider information that you can use to your benefit. You have more access to higher end properties. As these types of properties are very private and don’t usually hold public open houses, you must not only schedule showings like you would appointments, but sometimes you have to show your proof of funds AND understand that it likely won’t just be you and your realtor.
3. Be Specific About your needs & wants.
This is necessary no matter what type of property you are looking for. However, when you are dealing with a luxury price point, you may have specifics that are non negotiable, such as an elevator, indoor pool AND outdoor pool, guest house, lake views, helicopter pad, etc. If the property doesn’t have a feature you can’t live without and you can’t add it on for whatever reason, then keep it moving. When you are talking Lake Tahoe luxury real estate, you shouldn’t have to settle for a property that doesn’t have all the bells and whistles you desire.
4.Understand photos don’t do luxury homes for sale in South Lake Tahoe justice.
These properties are usually so distinct and unique, that you really have to see them in person to get a full grasp. The MLS usually caps the photos around 25. Professional photographers can take as many photos as you want, but with the online search engines putting a limit on the amount of photos, there is no use in overpaying for something that can’t get used. What this means is that you have to go see it in person and not dismiss Lake Tahoe luxury homes for sale based on photos. The perk to working with a luxury realtor in Lake Tahoe is that you can send them to the property first to see if it matches what you are looking for.
5. Look to the future
Listen, when it comes to real estate in general, no one can really look into their crystal ball and predict what is going to happen. However, you can look around and get a good idea of what MAY happen. Is the area around you zoned for something other than business? Could something be built that could obstruct your view? Consider the possibilities of what may impact the value of your Lake Tahoe luxury real estate.
6. There’s room to negotiate.
Generally with higher priced homes, there is more wiggle room with negotiations. Your Lake Tahoe luxury realtor will be able to pull comparable sales to tell you what makes an appropriate offer.
If you are in the market to purchase luxury real estate in Lake Tahoe, feel free to give me a call. I would be happy to help!