Have you been dreaming of a Luxury home?
The inventory of homes for sale in the luxury market exceeds the number of people searching to purchase these properties in many areas. This means that homes are often staying on the market longer or that prices are more negotiable.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.
The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. But not all who are buying luxury properties have a home to sell first. A recent Bloomberg article gave some insight into what many millennials are choosing to do:
“A new generation of affluent home buyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes."
The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house and you are looking to step into a luxury home, now’s the time to make your dreams come true.
Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.
The sale of your starter or trade-up house will help you come up with a larger down payment for your new luxury home. But not all who are buying luxury properties have a home to sell first. A recent Bloomberg article gave some insight into what many millennials are choosing to do:
“A new generation of affluent home buyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes."
The best time to sell anything is when demand is high, and supply is low. If you are currently in a starter or trade-up house and you are looking to step into a luxury home, now’s the time to make your dreams come true.