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

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! I 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.

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.

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Jon Mahoney

Director, Luxury Homes Division

Professional Financial Planner

Keller Williams, Santa Barbara

(805) 689-0532

BRE# 01269717

info@JonMahoney.com

www.JonMahoney.com

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito, Hope Ranch, Goleta, Santa Ynez, Carpinteria and Summerland Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?
Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito, Hope Ranch, Goleta, Santa Ynez, Carpinteria and Summerland Areas.”

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito, Hope Ranch, Goleta, Santa Ynez, Carpinteria and Summerland Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?
Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito, Hope Ranch, Goleta, Santa Ynez, Carpinteria and Summerland Areas.”

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito, Hope Ranch, Goleta, Santa Ynez, Carpinteria and Summerland Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?
Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito, Hope Ranch, Goleta, Santa Ynez, Carpinteria and Summerland Areas.”

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?

Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.”

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?

Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.”

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?

Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.”

Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.

Are you looking to buy a Luxury property in Santa Barbara, Montecito or Hope Ranch?

Let us help you find everything you need to know about buying or selling a home! As the preeminent Real Estate professional in my community for over 12 years, I am dedicated to providing the finest service available while breaking new ground. Continue reading “Search all of the Luxury Homes, Estates, and Condos in the Santa Barbara, Montecito & Hope Ranch Areas.”