Luxury homes in Highlands NC appear to be keeping up with current trends. A recent article in The Wall Street Journal, “The Amenities Trending Up (and Down) in Luxury Homes”, points out what owners and buyers are wanting in luxury homes these days. While not all amenities may be found, many of them are front and center in Many Highlands homes currently listed for sale.
Could Highlands NC real estate be affected by a current trend that is seeing a return of flipping luxury homes? There have been a few recent articles that suggest flipping is back, for higher end homes that is. Certainly buying a luxury home at a discount opens doors for a higher return than one would receive from flipping a lower end home, but the questions remains, will this trend bleed into the Highlands NC real estate market?
Highlands luxury real estate sales are being fueled by jumbo loan rates. One of today’s headlines from NBC reads “Jumbo mortgage rush: Why the rich are buying”. Last week it was reported that rates for jumbo loans dipped below rates for conforming loans for the first time in recorded history. The fact that rates are lower than for conforming loans has many would-be buyers considering a home that is slightly more expensive as the payoff is better over the length of a loan. This also has been fueling second home sales.
Highlands NC real estate is undoubtedly benefiting from the current trend that is seeing the luxury home market bouncing back. Overall consumer confidence, reinforced by low interest rates and a shrinking inventory has luxury homes in Highlands selling. Buyers want to assure that they don’t miss the boat and this sentiment is pervasive in luxury markets around the nation where pent up demand is fueling home sales.
Would-be buyers of Highlands luxury real estate take note of this must-see home for sale. 644 Big Bearpen Mountain Road in Highlands North Carolina will take you breath away. This home has a private location, situated at the end of a cul-de-sac at the top of Highlands Falls Country Club. At the same time access to downtown Highlands is a mere 7 minute drive away. The cardinal rule in real estate is location, location, location, and this home has it.
When selling Highlands luxury homes it is essential to prepare for showings. Luxury homes come with expectations and these expectations involve showcasing your home and showing off its finest qualities. This means going an extra step to attract a savvy buyer.
Jumbo loans are helpful to buyers of Highlands luxury real estate. Luxury home sales across the nation took a hit when the housing bubble burst as jumbo loans were made nearly impossible to get. The good news is that these loans are more readily available than they have been in recent years, enabling qualified buyers to buy a vacation home in Highlands NC.
The appraisal is a step in the process of buying Highlands luxury real estate, as it is with most real estate transactions. Appraisals are rarely left out of the contractual process as they serve as an insurance of sorts for the buyer. A buyer understandably would like to make sure that he is paying fair market value for a home. …
Luxury homes are selling which is great news for Highlands real estate. If you have been to the Highlands/Cashiers area you have no doubt oohed and aahed at some of the stunning mountain homes that have been built in our area. The latest news across the nation is that homes valued over one million dollars are selling which is great …
Luxury Highlands NC homes could benefit from a current trend. Jumbo home loans are on the rise which is great news for sellers of Highlands NC real estate, especially those selling luxury homes in the area. Rates for jumbo loans are averaging about 4.22% at the moment, compared with 4.82% a year ago. The difference offers significant savings with larger …
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