The Fisher Group
December, 2017 RSS Icon
Found 4 entries for December, 2017.

How to Navigate Your Luxury Home MortgageA luxury home mortgage and a conventional home mortgage have several key differences that buyers should understand before going through with the sale. These differences shape how a lender views the applicant, how long it takes to approve the loan, and what options a buyer should consider. Learn more about how to structure a luxury home mortgage before finalizing the numbers.

Insurance Facts

Before structuring a luxury home mortgage, it helps for the buyer to think like the lender. Government programs that insure mortgages will only do so for loans up to a certain amount. Anything over the conforming limit of $424,100 is considered a jumbo mortgage, and generally carries increased interest rates for the buyer. Buyers should be prepared for

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How to Handle Capital Gains on a Luxury Home SaleLuxury home sales can often exceed everyone's expectations, especially if the property is located in a high-demand area. The rules of bidding wars are radically different when it comes to wealthy buyers, which can make the appreciation of a home's value go through the roof. Capital gains for home sales are not the same as capital gains for stocks or other common assets, and sellers should understand the rules, whether selling in a community like Tuhaye or Red Ledges, long before they ever put up a for-sale sign.

Understanding Appreciation

Any asset that sells for more than it's worth is classified as a capital gain. However, it's not as simple as comparing the purchase price to the sale price. If a seller buys a luxury home for $750,000 and

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Better Ways to Stage a Luxury HomeThe smell of fresh linens, the sight of original artwork, or the sound of a gentle fountain are all ways to make a luxury house look like a home to a potential new buyer. While staging is important with all homes, it's luxury homes that usually see the biggest differences when it comes to getting offers. It's a form of marketing and branding that buyers have come to expect before deciding on the home for them. See how to make your Promontory home come alive with the right staging.

Define the Market

Professionals start by getting defining the primary and secondary markets for the home. For example, if the primary market is nuclear families with pets, it's important to show two bedrooms as children's rooms, one as a guest bedroom, and an area

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What to Expect During a Luxury Home InspectionLuxury homes in real estate have slightly different rules than an average residence, whether these rules are explicitly stated or understood by both buyers and sellers. Luxury homes are not only larger than other homes, they often include complicated characteristics and systems that need to be thoroughly verified before moving forward with a home sale. Before a buyer decides on an inspector, they need to verify that they have specialized knowledge of luxury homes. Learn more about what to look for before hiring an official inspector.

Total Investigation

Buyers want to know about anything that may affect their finances in the future, so a home inspector is there to get the answers. They're not interested in whether or not the walls of the home

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