Luxury homes come in different styles and are available in just about every part of the country. While some families want a spectacular home in the mountains, many more seek a life by the ocean, which is why San Diego real estate is in such high demand.
What you get for your money will likely depend on location, as a cliff-top ocean view is probably going to cost you more than a nice piece of land out in wine country. Most people define luxury home by price, and while that is a factor, the style and location also play a major part for most people on the lookout for a high-end piece of property in San Diego.
The search for luxury San Diego real estate usually begins with finding an agent who is more than familiar with the luxury market. Many of the properties that are listed on the high end of the price scale are often tucked away in very private locations. These can be tough to find on your own, and gaining access for a viewing without a qualified agent in tow will be nigh on impossible.
Luxury real estate differs from the standard listings, as there are often no comparable in regards pricing. A real estate agent who deals with luxury listing will know exactly what to look for, and will thus be able to decide if the price being asked for is fair or overblown.
If you are in the market for San Diego real estate on the higher end of the price scale, you are going to need to get your financing in place. If this is your first foray into the luxury market, you may not be aware that it can take a good deal longer to secure financing for these types of properties than it does with a standard mortgage. You can easily be looking at 45-60 days for your loan to be approved, and it may well be that you have to wait until that happens before you start house shopping.
Many sellers of high-end properties require the financing to be in place before they open their home for a viewing. They need to be sure that the people coming through their home are indeed interested in the property, and that they have the financing to make a deal.
Every home, regardless of price, should undergo an inspection before you finalize the deal. This is especially true for a luxury property as there are often, amenities included that you might not find in a traditional property. You may need to acquire the services of a property inspector who has experience with these types of homes and the amenities that they have on offer.
Essentially, the process of shopping for high-end real estate in San Diego is similar to that of shopping for any other type of property, but there are some differences that can only be addressed by professionals who have experience in the buying and selling of luxury homes.