Embarking on the pursuit of high-end properties signifies a journey toward the epitome of luxury and refined living. Whether you enjoy the idea of a luxurious hillside mansion or a cozy bungalow by the sea, there's something for everyone in the heart of Silicon Valley. From opulent mansions to lavish penthouses, this guide to the finest high-end properties in Santa Cruz and Santa Clara counties will help you uncover the realm of prestigious properties.
GRO Real Estate
is here to help you by providing a comprehensive roadmap for those seeking the pinnacle of real estate excellence. It's time to find your dream home and pure happiness.
What does luxury mean in real estate?
When you think of high-end properties, you may imagine distinct qualities. Some people want a home with a massive indoor living area and amenities, while others may seek a fabulous outdoor living space to entertain guests. There's no limit to the potential extravagance you'll uncover in a home once you find the right one.
Luxury homes will, however, have a few basic concepts in common. They have:
- Enhanced indoor or outdoor areas.
- Sought-after locations.
- Quality materials.
- Decadent amenities.
- Coveted architectural features.
Some homes also have a story to tell. Their story may influence your buying choices, whether it's based on knowledge of the previous owner or its illustrious history.
How to buy your perfect home
Regardless of what you envision for your new sanctuary, you must come up with a basic idea of what you want. A reliable realtor
can help you learn the processes that will be required for you to find your perfect space.
1. Decide what you want from a luxury property
Everyone has a different idea regarding luxury properties. When starting your search, the goal is to discover what matters to you before you shop for a new A-list home. Would you want a celebrity's old mansion, an estate that's a century old, something modern, or a newly built home? Do you have a preferred counter type, a wish for a massive swimming pool, or other ideas you want to explore? Your "must haves" list is the most crucial thing when shopping for real estate.
2. Know your target search area
Today, people can search for property and real estate via the internet. However, when dealing with coveted areas, the rules can sometimes change slightly. Extravagant A-list homes may be available that only a realtor knows are there. Often, they can get sneak peeks at what may soon be available in the housing market, allowing you to get the first choice in a very competitive market.
If you decide to search online for a luxury property, it is good to note the property listings. Look for the actual high-end features you desire. This may include hardwood flooring, marble countertops, crystal chandeliers, and more. Anything that appears to meet your high expectations is worth a look, especially if you're on an upscale real estate agent's website.
3. Choose your realtor
Choose a realtor who can help you find your dream home. Being part of a group of realtors who work together to find homes for wealthy clients is a bonus. The realtor you speak with should have a vast knowledge of your target location. They can inform you about the area you're interested in, including property values, taxes, schools, and other investment aspects.
4. Evaluate all your options
High-end buyers may have multiple listings available to choose from, depending on their preferred area. Take advantage of it! Schedule walk-throughs, visit the properties you would consider, and ask questions about them. While walking through, you will see the character and charm of each home, as well as learn about imperfections that may be there.
Take your time exploring what each property offers. As a home buyer, you must diligently pay attention to detail. California disclosure laws
state a seller must tell realtors about issues that may affect the value or desirability of a property. The realtor should then tell you what they know if you're inquiring about a property.
5. Secure your finances
Once you have located your new homestead, it's time to work on compiling your finances. Take out a loan or gather your cash to know how much you can access. You will need it when you make your offer.
If taking out a mortgage, you need to figure out what your down payment amount will be. According to TimeStamped
, down payments vary based on state, age, and mortgage type. California has an overall higher down payment average.
It would be best if you also figured into your budget home inspections and closing costs. They're conducted at the buyer's expense
. An inspection allows you to discover any hidden problems that may be present. It also helps you encourage the buyer to make repairs before you sign a contract or within a certain timeframe as stipulated in your contract.
Your chosen real estate agent can provide closing cost details. According to the California Land Title Association
, you can expect to pay approximately 11% of the total sales price. The total includes fees related to loans, title insurance, pest inspections, and real estate commissions.
6. Make your offer
Although it may seem easy to come up with an offer, this is not always the case. Offering too little could mean the seller waits for higher profits while you miss out. Offering too much means you could take a financial hit if there are improvements to be made on the property.
Collaborate with your realtor to determine a reasonable offer based on current market values and recent sales. They can also encourage the seller to make a move if your offer is a solid bid.
7. Cover your bases
Buying a home is an investment, no matter how glamorous or simple. Therefore, handle it as you would a major business transaction. Consulting with financing planners, bankers, and attorneys should be a priority from start to finish. Involve them in the transaction to make an excellent investment for your future, whether for happiness or profits.
They help schedule inspections, negotiate contracts, and handle minor details, benefitting both parties. When you do an inspection, you, or a representative of yours, may wish to meet with the inspector
Your new mansion is waiting for you to find it
GRO Real Estate wants to help you navigate through the stress of finding a home that meets your expectations. If you're interested in the crème de la crème that's only found in Santa Clara and Santa Cruz counties, trust our team! Contact us
to see some of the finest high-end properties available.
*Header photo courtesy of Shutterstock