Email us Call us

How to Buy a Luxury Home


Fort Lauderdale is an ideal city for various reasons. Its beautiful beaches, stunning waterfront properties, and year-round tropical weather are just a few perks of living in this vibrant community. Fort Lauderdale is known for its dynamic culture, award-winning dining scene, and fun community attractions. You can create a life around your favorite activities, from the walkable shops on Las Olas Boulevard and hiking in Hugh Taylor Birch State Park to luxury amenities at private golf and country clubs. Whether you want to start a family, retire, or enjoy an upscale lifestyle, Fort Lauderdale offers what you need.

Aspiring luxury homeowners should know the unique challenges and opportunities of purchasing a luxury home in Fort Lauderdale. These lucrative homes come with a higher price tag and a significant financial investment, meaning you’ll need to take on additional responsibilities, including diligent research of the housing market and careful consideration of one's own financial situation. However, the benefits of owning a luxury home are vast, as they encompass top-of-the-line amenities, water views, and exclusivity. Here's how to buy a luxury home in Fort Lauderdale.

Learn about the luxury buying process

When buying a luxury property, the process can be quite different from purchasing a traditional home. One major difference is the home search itself. Luxury homes are not often listed on the public market, so having an experienced real estate agent with access to exclusive listings is essential.

Luxury homes may have unique features and amenities requiring specialized inspections and evaluations. Financing a luxury home may differ from a traditional home loan, with lenders typically requiring higher credit scores and more substantial financial assets. Having a conversation about the process with your agent can help prepare your expectations and eliminate stress or confusion.

Find exclusive homes from your connections

If you are in the market for a luxury home, you can employ a few key strategies to ensure you find the right property. One effective method is to scour the MLS, a database that lists all properties for sale in a given area. This can help you understand what properties are available and give you a clear idea of what to expect in terms of price and amenities.

Another approach is to ask for recommendations from your personal connections, such as friends, family, or business associates who may know the local luxury housing market. Because many premier homes have exclusive clientele, properties are often available off-market to ensure privacy and confidentiality. Asking for leads and leveraging your agent's network can open new opportunities and help keep you informed of all your options.

Research upscale neighborhoods

Pinpointing affluent Fort Lauderdale neighborhoods like Las Olas Isles, Rio Vista and Harbour Beach can help you find a location for your lifestyle and narrow your home search to fewer locations. When considering upscale neighborhoods, specific qualifications may help you determine what is best for you. Consider factors such as the location, amenities, and the surrounding community. High-end neighborhoods often have waterfront access, gated security, and proximity to exclusive country clubs.

Interview agents equipped to support your needs

To ensure a seamless luxury home buying experience, it is crucial to interview agents equipped to support your specific needs. Look for agents with current market data in your desired location who have a record of success with luxury home sales. During the interview process, ask questions about their experience, the types of properties they have sold, and their approach to the buying process. The right agent will make you feel confident in finding and securing a home, relieving any stress or concerns about the process.

Get started with a lender or bank you know

When preparing to purchase a luxury home, one of the first steps is to establish a strong relationship with a trusted lender or bank. Using a bank you already know and trust can expedite the loan application process and make it easier to secure appropriate financing. Banks with specific luxury home mortgage programs can also provide useful resources and information about the luxury buying process. Your bank will also have a lot of the documentation necessary for pre-approval, such as credit score, employment history, and income. Buyers can gain a strategic advantage in securing their dream property by partnering with a knowledgeable lender.

Organize your finances with a planner

Buying a luxury home requires finding the right property and the finances to support it. One effective way to manage your money is by working with a financial planner to create a budget and investment strategy that aligns with your long-term goals. By assessing your financial situation and creating a manageable budget, you can establish what is achievable for you regarding luxury homeownership. A local financial advisor can also help you navigate the unique loan requirements and tax implications of buying a luxury property, ensuring you are fully informed as you make a substantial investment.

Schedule private showings

Private showings can give you a more intimate look at potential properties and help determine if the home can support your desired lifestyle. Private showings can be arranged through your real estate agent, who can help you set up appointments with listing agents or even directly with sellers. During private showings, you can explore the property without other buyers and ask questions about the property and neighborhood.

Look at recent sales when making an offer

When making an offer on a luxury home, it is helpful to research recent sales in the area to determine a fair and competitive offer. Your real estate agent can provide comparable sales to give you an idea of what you need to offer to secure the home. Luxury homes often have unique features that can affect the price and make it challenging to find comparables. When working with your agent, you can make a confident offer that aligns with current market trends and the property's value.

Start your home search with a local expert

Laurie Ermer is a luxury Fort Lauderdale real estate agent specializing in Rio Vista, Las Olas Isles and Harbour Beach with a background in construction, design, and business. Laurie helps clients find sophisticated homes in affluent neighborhoods like Rio Vista, Coral Ridge, and Colee Hammock. See what Fort Lauderdale has for you with Laurie as your agent by contacting her today.


WORK WITH LAURIE

Laurie started what became a successful interiors store which she owned and operated for over 15 years. The business was sold so that she could continue to focus on her interests in Architecture and industrial design.

Let's Connect