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Looking to Move-Up to a Luxury Home? Now’s the Time!

by The KCM Crew

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If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount.

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 your house their new home.

The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties have a home to sell first.

In a recent Washington post article, Daryl Judy, an associate broker with Washington Fine Properties, gave some insight into what many millennials are choosing to do:

“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”

Bottom Line

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 that no longer fits your needs, and are looking to step into a luxury home… Now’s the time to list your house for sale and make your dreams come true.

Coldwell Banker Closes Three Landmark Properties in the Desert

by President Jamie Duran, Orange County, San Diego, and Desert Companies

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We want to Thank President Jamie Duran of Coldwell Banker Residential Brokerage for this Presidents Message!  And we were honored to have been the ones that handled the Sells of these hallmark properties that were features in numerous books and received several architectural awards for its “timeless architecture.”  As quoted by us :These are stunning estates with rich history, remarkable design, and incredible vistas.  The transactions fell into place beautifully and we were fortunate to be involved with the sales”

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346 Tamarisk Rd – Zanuck Estate – Sold /$4.9M

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64725 Acanto Drive – Pond Estate – Sold /$7.5M

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2212 Southridge Dr – Boat House – Sold /$1.75M

We Cat Moe & John Nelson of Nelson-Moe Properties Coldwell Banker Presidents Premier Properties would also be HONOREDif given the chance to SELL your “Timeless  Architecture” Estate as well!  Contact us TODAY!