Morris Williams Realty
Morris Williams Realty
Lynn Ganster, PA, Morris Williams RealtyPhone: (772) 577-1225
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Common Florida Luxury Homebuying Challenges, and How to Avoid Them

by Lynn Ganster, PA 12/03/2018

If you plan to pursue a luxury residence in Jacksonville, Tampa Bay or elsewhere in Florida, it generally is a good idea to learn about potential property buying challenges. That way, you can quickly identify potential homebuying challenges and address them before they escalate.

Ultimately, there are many challenges that homebuyers may encounter when they search for luxury residences in Florida, and these challenges include:

1. Lack of Quality Luxury Homes Available

Let's face it – luxury houses in Fort Lauderdale, Orlando and other Florida cities and towns are in high demand. If you fail to plan ahead for a Sunshine State luxury home search, you may miss out on the opportunity to acquire your ideal residence.

Typically, it helps to refine a Florida luxury home search. This will enable you to focus exclusively on luxury houses in your preferred Sunshine State cities and towns and speed up your home search.

Think about where you want to reside in Florida and plan accordingly. For example, if your goal is to own a luxury house close to Disney World, you should narrow your home search to properties in and around Orlando. Or, if you want to own a luxury house that offers convenient access to the top beaches in Miami, you should explore the luxury residences available in and around Miami.

2. Lack of Home Financing

Although you know you want to buy a Florida luxury house, you still have no idea how much you can afford to spend on a home. Lucky for you, lenders are available that can teach you about jumbo mortgages and help you get pre-approved for home financing.

A lender employs expert jumbo mortgage specialists who are ready to respond to your home financing concerns and questions. These professionals can describe how jumbo mortgages work and help you find a jumbo mortgage that matches your finances. Then, once you receive pre-approval for a jumbo mortgage, you can enter the Sunshine State luxury housing market with financing in hand. Perhaps most important, getting pre-approved for a jumbo mortgage may help you reduce the risk of spending beyond your means to purchase your dream Florida luxury home.

3. Inability to Define a "Competitive" Homebuying Proposal

After you find a Florida luxury home that you want to buy, you likely will try to submit a "competitive" offer to purchase this residence. Yet determining whether to submit a homebuying proposal at, above or below a seller's initial asking price sometimes can be difficult.

If you work with a real estate agent, you can get the help you need to put together a competitive homebuying proposal for any Florida luxury house, at any time. A real estate agent understands the ins and outs of buying a luxury residence in Lake Worth, St. Augustine or any other Florida city or town. As such, he or she will help you submit a competitive offer to purchase the Florida luxury home of your choice.

Take the guesswork out of buying a Florida luxury house – prepare for the property buying journey, and you can overcome any challenges that come your way.

About the Author

Lynn Ganster, PA

It all began when I was 18 years old and my soon to be husband and I were searching for our first home. I loved the idea that I could be part of someones life experience but I had a life to live before acting on that idea! I never knew much about the industry, but after seeing the process firsthand of a difficult transaction my husband and I were involved in and how important each part of the ordeal was for both my husband, myself, and the owner, I knew it was something that I wanted to be a part of. Of course, I didn’t pursue real estate until I was finally able to dive in back in 2004, but it’s been a passion for as long as I can remember.

I can sit here and tell you that I have strong negotiating skills, local market knowledge, and so forth – and of course, I do – but one thing I want to share with you, the thing that is the most important tool I can provide you in your home sale or purchase is my passion. I didn’t get into the industry to make money. I got into the industry because I fell in love with it. I fell in love with homes, the character each one had, and the beautiful people I got to help transition from one home to another. I fell in love with hearing people's stories, really getting to know their needs for their futures, and focusing on ensuring that they found a home that actually met those future goals.

Real estate can be a stressful thing, moving out of a home you’ve known for years can be hard, and it can be harder if you don’t have someone to partner with who doesn’t take the time to understand that. My business goes beyond the professionalism I can bring to the table, my years of knowledge about our local market and communities, and past the number of sales I’ve made thus far. Instead, it prioritizes you. How much can you afford? What motivates your move? What do you HAVE to have to make this big transition in your life?

You need a real estate agent who understands that, and seeks to know the answer to those questions, and all of the other important ones that make buying and selling a reality for you. Let’s grab coffee or lunch, on me, and we’ll talk about your real estate goals. I’ll get to know your needs, I’ll share the amazing experience I can provide, and we’ll make sure your next move is in the right direction. You need more than a computer to find your dream home, you need a professional partner who has your best interest at heart from the moment you call to even after we close. I’m doing more than just selling houses in Florida, I’m helping you bring your dream home to life. ~Lynn