The mention of Northwest Vermont’s real estate market conjures images of glamour and prestige, and rightly so. This is one of the most ethereal places in the state to own property, and for this reason, you have to pay good money.
Take, for instance, homes in Stowe and outlying areas that lie on dreamy landscapes, and you will appreciate why everyone is heading for the mountains. Most of the homes on Tabor Hill and other neighborhoods fit snugly in the category of luxury homes and even with their price tags they are not in the market for long.
Getting Your Dream Home and Saving Money
Well, after accessing property in Stowe, VT and the larger region, you might feel like the prices are just too high. However, the National Association of Real Estate Brokers (NAREB) says, in a study done in 2010, that luxury properties offer more chances of savings than other categories irrespective of their locations.
If you have been looking at Stowe luxury homes for sale and thinking they are beyond your reach, you are in for a surprise. Here are some simple ways of saving money while still buying your dream home in one of America’s most scenic locations:
- 1. Leverage Real Estate Expertise
The biggest folly in real estate investment is to assume luxury properties require no agent to guide you. What you don’t know is that most sellers are themselves in the industry and will thus make better deals for buyers represented by local agents. You can negotiate a better deal and save thousands of dollars on prime property just by leveraging on local professionals who are even known to these sellers.
- 2. Timing is Critical
If you want that centuries old house on 90 Edson Woods, then you have to know the pulse of the market. There are many others looking at the same property and they are waiting for the right time to make a deal. For instance, the winter was below usual and many luxury properties were not moving out of the market rapidly as had been experienced in 2013-2014.
With spring bringing better tidings, you can go into the market now because such homes have been in the market for long and owners might be getting impatient. Never assume that because these are luxurious homes the seller will not be in need of a quick, reasonable deal.
- 3. Test the Waters
Once you have picked a reputable local realtor, then you need to become proactive in the sale. The idea here is to identify property in Stowe that fits your requirements and then start testing waters through negotiation with the seller’s representative. Simply put, avoid sitting back waiting for a price downgrade because that is not going to happen.
4. Be Flexible
It is understandable that you want a shoreline access, but are you ready to pay $3.2 million for such privilege? If not, then listen to your agent because they will come up with many alternatives in the city.
When you have an open mind, it becomes easier to look at other aspects of such property that are appealing and in the end you will get a deal and still bag yourself a nice luxurious place to stay.
Saving money on a luxury home in Stowe might sound paradoxical, but as you can see, your realtor can make it work out. Just be patient and read up on this irresistible market.
