by Junou M
A luxury home currently for sale in New Hope, PA

A luxury home listed for sale in New Hope, PA

Drew Ferrara, RE/MAX TotalYour Real Estate Report is brought to you by Yardley’s Drew Ferrara with RE/MAX TOTAL. Drew Ferrara has been Ranked #1 of all Bucks County’s RE/MAX Agents for 4 years running (2011 through 2014); has earned the distinction as one of the top 25% of the top 1% of all real estate agents in Bucks County; and even ranks among the local agents representing homes with the least active days on market (Source: Trend)!

Never settle for less than TOTAL!  Call Drew at 215.369.HOME or read more about his winning Bucks County real estate formula online at www.homesinbuckspa.com.

Contrary to popular belief, there is no size, design, or style that embodies luxury property. From a 20,000-square-foot French manor to a 4,000-square-foot home in a golf course community to a brand-new condo, there are many choices when it comes to high-end homes. If you're looking to buy a luxury home in Bucks County, here are a few tips that will help you do just that.

Discover the Most Desirable Views in Bucks County

For many homeowners, the best part about living in luxury homes is the amazing views. Fortunately, you will have no problem finding such properties because there is no shortage of rolling hills, farmland, and bodies of water in Bucks County. Popular local views include the scenic channels of the Delaware River visible from towns including Bristol, Yardley; New Hope; and Erwinna, Peace Valley Park, Tyler Park, and dozens of protected farm lands (you can find many of these listed by the Heritgage Conservancy).

If you're interested in history, you will be happy to know that there are many historical landmarks in Bucks County. Buy a luxury home near these landmarks and you will also be able to visit shops and restaurants known for their historic charm and country vibes. Popular landmarks include Fonthill Castle in Doylestown, Penn's Manor in Morrisville, and Washington Crossing Park, where George Washington crossed the Delaware River before the Battle of Trenton.  Homes located nearby historic landmarks are among the most competitive in Bucks County.

Find a Qualified Real Estate Agent

Individuals who are in the market for luxury property should find a real estate agent who specializes in the luxury real estate market. An agent who knows the luxury market in Bucks County, PA will likely be your best bet when it comes to finding a luxury home for sale. While there are many luxury homes for sale in Bucks County, some of these properties are difficult to find due to privacy concerns. A real estate agent will likely have inside information about listings before the homes even appear on the open market.

Also, an experienced real estate agent will help you estimate the true market value of a luxury homes. The estimate will be based on similar properties in Bucks County that have been sold recently. Since “regular” homes tend to outnumber luxury homes, valuing luxury properties can be difficult.

Find Appropriate Financing

Usually, the loan process for luxury properties takes much longer than for smaller mortgages. In fact, it could take up to two months to secure a loan in Bucks County even if your finances are in excellent order. Most experts recommend that individuals in the market for a luxury home have their personal banker, mortgage broker, or loan officer obtain financial approval as soon as possible. This will help you out a lot because many sellers are only interested in showing their home to qualified buyers. Without appropriate financing, your search for a luxury home will be difficult.

Be Diligent

As with any property purchase, it is vital that you inspect a luxury home thoroughly before you agree to purchase it. Luxury homes are often larger and tend to have more amenities. Therefore, you may have to hire specialized home inspectors to check out the pools and spas, fireplaces, central vacuum systems, landscape lighting, heated floors, and more. A thorough inspection will ensure that you know what you're getting yourself into.

If you're in the market for a luxury home, you have plenty of options in Bucks County. Just ensure that you follow the tips discussed above to ensure you end up making the right decision.

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