by Jeff Pittman | Sep 2, 2014 | Buyers, Sellers
If you own a luxury home priced at $1 million or more, selling presents unique challenges. For luxury sellers, it’s more important than ever to understand the buyer so that you can effectively market your property and entice the highest bid. So who is your most likely buyer and what are they looking for? A study done by the Luxury Institute of consumers with a minimum household income of $250,000 showed that young money is most likely to be your next homebuyer. 43% of younger wealthy consumers expressed interest in buying a residential property in 2014 compared to just 21% of 55+ participants. According to the study these younger buyers are also willing to pay more than their older counterparts. On average, young buyers spent more than $2.1 million on their recent home purchases where as older buyers with the same yearly income spent only half that, $1.1 million. So what is it these young buyers are looking for? Let’s break it down. The Right Amenities An open floor plan and fully automated or wired homes rank as the top amenities all ages of luxury buyers are looking for. Think about everyone’s favorite brand Apple, it’s all about simplicity, technological ease and clean modern lines. Younger buyers however find these amenities more important than the 55+ crowd: pool, outdoor kitchen, home gym, home theater and a wine cellar or room. Today’s generations want to be able to entertain friends and family in their home and these are the amenities that allow them to do it in style. The least important amenities for all age groups include a separate catering...
by Jeff Pittman | Aug 29, 2014 | Weekly Quote
“In order to attain the impossible, one must attempt the absurd.” – Miguel de Cervantes
by Jeff Pittman | Aug 28, 2014 | Homes
18 Salvatore, Ladera Ranch | Nestled in the exclusive neighborhood of Covenant Hills this private, ground level single story town home offers the feel and privacy of a single family, detached home. It is enhanced by the pristine views of the community and surrounding hills. Revel in the gourmet kitchen’s luxury, culinary accouterments; granite counters and backsplash, Merlot maple cabinets, and stainless steel appliances including a Thermadore Professional range top. The open kitchen, dining room and living room extend the entertainment options. Taking full advantage of the picturesque views, the backyard is secluded featuring numerous fruit trees and flagstone patio for entertaining. The master suite features two sets of French doors leading to the backyard, walk- in closet and master bath with tile counters and backsplash, Merlot maple cabinets, tile shower and sunken tub. Additional features found throughout include hardwood floors, recessed lighting, stone fireplace and an abundance of windows that radiate natural light. The home provides an impressive backdrop to Covenant Hills’ amenities including five distinctive village clubhouses that feature pools, gardens, water play parks, tennis courts, tot lots, barbecues, picnic areas, outdoor fireplace and a skate park. The beauty of this home is matched by the security and exclusivity provided by the community walls that surround...
by Jeff Pittman | Aug 27, 2014 | Homes
Here’s a sneak peek of the view from our new listing in Ladera Ranch. It will be on the market in just a few...
by Jeff Pittman | Aug 25, 2014 | Buyers, Homes
Buying a house can a long and complicated process and when it comes to buying new construction in Orange County, there are some extra steps to consider in the process. Purchasing a newly constructed home has its pros and cons but if you’ve decided it’s right for you then it’s time to learn about the process from finding the perfect community to move in day. If you’re interested in purchasing new construction in Orange County then it’s time you learned what steps to take. 1. Get a buyer’s agent Buying new construction anywhere can be tricky so the best place to start is with a great agent. Builders have sales agents that will help you through the process but ultimately they are paid by the builder to keep their company’s interests in mind at all times. A buyer’s agent representing you will save you money, hassle and always keep your interests ahead of the builder’s. Traditionally a buyer’s agent is paid by the seller. When it comes to buying new construction you may have to directly pay your agent but you can add that fee to the sales price. This ultimately is worth it because a good agent can you save you thousands more than their commission is worth by negotiating lot prices and securing you credits at the design center. 2. Scope out your choices The first thing to do when searching new homes for sale in Orange County, California is of course to figure out which city or area is the best fit for you and your family. New home developments in Orange County are gaining steam now that the market...
