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WEICHERT, REALTORS® - Thousand Islands Realty
WEICHERT, REALTORS® - Thousand Islands Realty
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    • DREAMING OF A LUXURY HOME? NOW IS THE TIME

    DREAMING OF A LUXURY HOME? NOW IS 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! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report 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 the number of people 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 their house their new home.

    The sale of your starter or trade-up house will help you come 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.

    A recent Bloomberg article gave some insight into what many millennials are choosing to do:

    “A new generation of affluent homebuyers powered by a surge in inherited wealth is driving the luxury-home market, demanding larger spaces and fancier finishes, according to a report heralding ‘the rise of the new aristocracy.’”

    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 you are looking to step into a luxury home, now’s the time to list your house for sale and make your dreams come true.

    Written by Melanie Curley on March 19, 2018. Posted in Luxury Homes
    Tags: luxury homes, move up homes, vacation homes

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    2 Responses to “DREAMING OF A LUXURY HOME? NOW IS THE TIME”

    • Tyler Johnson

      Written on March 20, 2019

      That’s cool that the market for buying a luxury home is really good right now. It’s good that there are lots of homes available and fewer people trying to buy them. I have always thought about getting a luxury home and I might have to start looking for one now.

      Reply
      • Melanie Curley

        Written on June 3, 2019

        If you are looking in the Thousand Islands area we can help. Give our office a call at 315-686-5500 to set up a time to meet with one of our agents.

        Reply

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    Thousand Islands Realty is Jefferson County's most innovative real estate team.

    WEICHERT, REALTORS® - Thousand Islands Realty
    306 James Street, Clayton, NY 13624
    (315) 686-5500

    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor WEICHERT, REALTORS® - Thousand Islands Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-03-02T23:13:46.81.

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