Designed by renown Interior Designer. This Modern-Open concept home is totally custom built with only the Best of the Best materials. It features SUBZERO fridge, WOLFE Professional Series gas range, a gourmet kitchen to die for,Hansgrohe bathroom fixtures, central air conditioning, brushed finished hardwood floorings, Italian marble tiles, built in vacuum with sweep outlets, private backyard and huge patio. This 3 year old home has 5 bedrooms, 4.5 bathrooms, double attached garage, auto electric front gate, this is the ideal home to entertain and impress your family and friends. It is walking distance to Burnaby North High & Westridge Elementary Schools, Kensington Mall and minutes to SFU.
A luxury home is an investment as much as it a necessity. One should always exercise due diligence before springing into a sale, no matter tempting a property may seem. Here are four things everyone should consider having done before they make a serious bid on a luxury property.
Large estates have many complex components. A simple home inspection would be unable to evaluate them all properly. Find an expert who is qualified to inspect elements like:
A thorough inspection will include the current state of each major component. It should give you a rough estimate for anything that will need to be repaired or replaced in the next ten or so years.
Chances are, any lender you wish to use will request their own appraisal. While these can be handy for determining your mortgage interest and lending amount, they may not have all the information you need as an investor.
Consider hiring your own separate appraiser who can calculate your new home’s value in the long run. They should be able to use historical data of surrounding areas and other similar properties.
With this information, you will have a clearer picture of how your home will appreciate over the years. An appraiser may even be able to advise you of scenarios that will increase the value of the property.
Buying a home is a serious commitment. Many people think through the decision diligently on their own, but do not bring their financial planner in on the prospect until late in the game.
Ask your financial advisor what type of contribution you are able to set aside for your home’s down payment and mortgage. They will be able to offer their expertise on the best type of housing purchase for your equity and overall net worth. A good financial advisor will help you steer clear of any rash purchases that may benefit your comfort, but not necessarily your bottom line.
Large or valuable properties have a lot more considerations when it comes to ownership. There are unexpected aspects such as mineral rights, encroachments and possible easements relating to the property. Have a lawyer familiar with real estate law examine the document to spot any potential areas of trouble.
Additionally, if your lender does not already require you to purchase title insurance, do so before closing. Title insurance will protect you from unintended consequences in a title’s wording or from any unknown liens the property may have.
For more advice on buying luxury Burnaby real estate homes, our team of experienced agents will be more than happy to serve you. Take a look at our buying page to find out more about how we can help you.
If you take the time to learn your market, selling a luxury home can be almost as easy as selling any other home. With a few minor adjustments, you can get your home sold at or close to your initial asking price.
Here are some tips to make selling your luxury home as painless and profitable as possible.
Luxury home buyers tend to have discerning tastes. Typically, there are plenty of properties available for them to choose from at any given time. Yours will be one of many.
This stiff competition means you are going to have to put your best foot forward during every showing. Your home should be staged and landscaped before you are ready to invite potential buyers to tour it.
Any remodeling or updating you want to do beforehand should also be taken care of prior to listing. Most luxury home buyers have good business instincts. They like to see results rather than promises.
High-end homes are not always found in conventional ways. There are regular listing and classified services, but there is also special web-based marketing. Some home owners use sophisticated techniques like home tour videos or a custom web page to help represent their house in as detailed a manner as possible.
Let your real estate specialist in Burnaby know that you wish to take advantage of all these options at your disposal. Tell them you would like to go through multiple channels including:
When you take the time to get your message out in resourceful ways, the right person is more likely to hear it.
You should always take the time to carefully select a qualified and experienced luxury seller's agent. They will have the knowledge and familiarity with the market to go about the sales process prudently. Sellers should also try to find an agent that they feel is easy to work with; a home sale is too valuable to let personalities dictate the process.
When working with your agent, always try to understand where he or she is coming from. They have just as much incentive as you do to get your house sold at a fair price. They will also be depending on furthering their reputation to keep a good standing with the luxury market.
Should you be dissatisfied with your agent's ideas, take the time to voice your concerns. You are better off communicating your opinions instead of pretending to agree.
If you are seeking out a luxury selling agent that always keeps their clients' needs first, we would love to offer our services. Our agents are all highly-experienced and want nothing more than to see their clients be happy. Take a look at our selling page to find out more about what we can do for you.
Many home sellers tend to imagine relocating friends and neighbors buying their listed Burnaby real estate property. While overseas interests may not be the first thing you think of, foreign investors and home buyers should never be counted out of the equation.
Why Market Overseas?
Overseas home buyers are very interested in scooping up homes as an investment, a second living space or even as a permanent residence. The North American west coast in particular has been under the watchful gaze of the burgeoning Chinese middle class. Chinese home buyers eagerly seek out luxury homes in prime locations.
Ignoring this sector means letting your home sit longer. You will also have less potential to entertain legitimately interested offers. Chinese buyers tend to do their homework and will have reasonable offers matching comparable properties. They are also likely to have their finances prepared in advance, as opposed to some buyers who are touring homes as the equivalent of “window shopping.”
Successfully listing your house to a foreign market takes a modified approach, but the rewards are quite tangible.
Document Your Home Exhaustively Online
One of the first major differences when selling to overseas buyers is they will not have ample time to tour every single house that catches their eye. To make the trip from across the Pacific or beyond, they must first be convinced that they fully comprehend what a luxury property has in store for them.
To satisfy this curiosity, you must go above and beyond what you would normally do when listing online. Every room of your home should be documented from several angles, as should the exterior. Taking the time to capture your home in this way will allow the buyer to get a clear idea of your home's layout and dimensions.
A home tour video can be another way to demonstrate what your home's arrangement looks from a personal point of view. Videos also allow the opportunity to introduce yourself and become familiar to the buyer.
Find a Qualified International Real Estate Professional
The most important step when marketing to foreign buyers is to find an agent that is familiar with that market sector. They will be able to navigate the process for both the seller and buyer with fewer snags. A well-versed international real estate professional can also keep legal issues firmly in mind, preventing snags that can slow down a sale or cause it to unravel.
If you are in need of an expert real estate agent, our luxury home sales team can lend our expertise. We have staff members that can speak Mandarin, Cantonese and English, smoothing out communication barriers that could develop between buyer and seller.
To find out more about how we can help your house get sold to an eager buyer from anywhere in the world, take a look at our selling page.
Make no mistake, granite is gorgeous. There is a good reason home owners began a trend of picking granite counters for their homes as a means of replacing subpar composite counters.
Materials engineering has come a long way, though. No longer are you only stuck with granite as an option. When deciding on how to renovate a home you are going to sell, consider these other options.
Soapstone comes in dark, rich colors and has a matte-like sheen. Unlike many hard counter surfaces, soapstone has a resistance to acids. This fact means that any spilled juices, wines, or coffee are less likely to form ingrained stains on the surface.
What is more, scratches and scrapes can usually be buffed out or etched away. Gouges in hard stone can be permanent, by contrast.
The drawbacks to soapstone are that it must be oiled and buffed at least twice a year. It is also not as heat resistant as granite, meaning you have to take precautions when placing hot kitchen items on your counter.
Glass materials have truly come into their own lately. New tempered glasses are far less fragile than their predecessors.
These advances have made the way for beautiful glass countertops in almost any color or pattern imaginable. Glass is also highly heat resistant and non-porous; there is no need to seal, or worry about germs.
As for downsides, glass can chip or crack after a severe impact. It also has a tendency to show fingerprints. Both of these factors make glass countertops less than ideal for homes with young kids.
Quartz counters are granite's primary contender. They are harder than granite, more scratch and heat resistant, and they are also non-porous. This latter fact makes it possible to clean quartz with just mild soap and water.
Quartz also is easier to create seamless joints with, and it can be cut in a variety of shapes without weakening the structure. Best of all, quartz has more options for colors and patterns than you could possibly think of.
No longer a compromise for those that cannot afford more luxurious materials, concrete has become a hot new trend in the last two years. The material is extremely easy to install. Unlike most other materials, it can be formed into curvaceous shapes. Concrete also needs to be sealed far less frequently than other porous surfaces.
Its only drawback is its heavy weight and its susceptibility to acid-based stains.
No matter what material you choose, your counters should make a statement about your Burnaby real estate property's personality. Home buyers will want a material that catches the eye, but also blends in with the rest of the house.
For more advice on how to add value and appeal to your luxury home, visit our seller's page.
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