Buying Homes Over $20 Million In Rancho Santa Fe

Buying homes for $20 million in Rancho Santa Fe may seem intimidating at first

, but if you have the money and the means, it is easier than you think. The Rancho Santa Fe community is one that guarantees you the privacy and the safety that you are looking for in a home, along with all the amenities and conveniences that you can think of. It is no wonder why the competition for this plot of land remains fierce, even in a struggling housing market and economy. If you want to be considered for this area, however, there are some things that you must get squared away first and foremost:

1) Your pre qualifications

Getting these taken care of upfront is essential to a smooth buying process. Most real estate agents at this level won't even consider working with someone until they've determined they are financially capable of landing one of these high dollar homes. There are many concerns regarding pre qualifications that you need to stay abreast of. First of all, you need a strong credit rating. Secondly, you need substantial assets to serve as collateral. These two factors alone narrow the competition for you before you ever consider making a purchase. After these things are out of the way, you need to think about what debts you still have in your life, and make sure the ratio between them and your income is manageable.

2) Your offer

The offer that you make for these homes will vary as you go along. If you're trying to land a home from a motivated seller, then you can afford to be more stubborn when it comes to what you're willing to pay. However, keep in mind that motivated sellers, who are trying to get out from under a short sale, will not have their homes on the market for as long as other individuals, who are simply looking for the right price. The offer that you present must be made with these considerations in mind. The more competition, the less time you can afford to waste.

3) Your agent

No one will be a greater friend to you through this process than your real estate agent. At the same time, if you choose a bad one, it can be a nightmare. Carefully consider whom you wish to do business with. In the same way they scrutinize you as being an eligible buyer at the beginning, you should also scrutinize their ability to get you the Rancho Santa Fe home you're looking for at the price of your own determination.

At the end of the day, Rancho Santa Fe requires more of its buyers. But with consideration to the three factors above, you can land the home you're looking for at the price you want.

by: Gen Wright

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