Category: Selling a Home

Luxury home prices are declining, dropping 30% in January 2023 alone. So there is no better time to buy a luxurious house than now.

If you are in the market for a luxury property, you shouldn’t have to compromise on the features and amenities you want. But if your new home doesn’t check every box, you can always redesign it.

Today, we want to help you design the luxury home of your dreams. Below, we’re bringing you the top trends in luxury home designs for 2023.

1. Floor-to-Ceiling Windows

This one is a no-brainer, which is why it’s the first on our list. Floor-to-ceiling windows cost up to $1,600 per foot. So, only the most luxurious homeowners can afford them throughout the home.

Floor-to-ceiling windows are essential for homes with beautiful views. They also let in plenty of natural light, another must-have for your luxury dream home. They will enhance your home’s curb appeal, too.

The only downsides? Floor-to-ceiling windows may not work with traditional-style interiors. Additionally, they may not have the best privacy, so consider adding a one-way tint to keep nosy neighbors from seeing inside.

2. Unique Gardens

Gardens were once a staple on the properties of aristocrats around the world. Today, gardens are still indicative of luxury. But we are not talking about your grandparents’ gardens.

In 2023, gardens must be unique. Whether that means a unique shape or unique vegetation, your garden must stand apart from the rest. And if you’re buying a home, don’t worry; you can always add on a unique outdoor space.

Homeowners who love to entertain can add outdoor dining and recreational areas to suit their needs. Consider a bespoke maze, covered pathways, and privacy bushes for a one-of-a-kind outdoor space your neighbors will envy.

3. Fluted Accent Walls

Fluting made a big splash in furniture a few years ago. This year, fluted wood has made its way to accent walls throughout the home. Also known as reeding, ribbing, or grooving, fluting adds texture and detail to an otherwise plain room.

This style originated in Baroque and Rococo interior designs. But it made a re-emergence in the Art Deco of the 1920s and mid-century modern of the 1950s and ’60s. That makes fluted walls perfect for a variety of interior design styles.

And fluted accent walls are not just for your interior. Consider adding fluted wood to your backyard. Just make sure to use water-resistant wood like teak, redwood, or cedar.

4. Free-Standing Bathtubs

Free-standing tubs emerged as a trend a handful of years ago. Many designers believed it would only be a passing trend. Yet, in 2023, homeowners across the country are scrambling to get this decor trend into their bathrooms.

You can go for a claw foot tub for a more traditional look. Or try a sleek pedestal tub or Japanese soaking tub to go with contemporary and modern-inspired designs.

This could be due, in part, to the spa and retreat trends taking over home interiors. We will talk more about spa-like interiors next.

5. Spa-Like Everything

During the pandemic, people across the US spent more time at home than ever. The pandemic may be over, but this trend still lives on. Homeowners in 2023 want relaxing spa-like environments in the comfort of their own homes.

But using tranquil paint colors and nature-inspired materials is not enough to get on board with this trend. You must also consider the amenities luxury homeowners can’t live without.

For example, could you incorporate a dedicated massage room into your blueprint? Or perhaps you would prefer a quick steam in your very own in-home sauna.

6. Wine Cellar

Do you need somewhere to store your vintage wine collection? What better place than a wine cellar in your home’s basement? Wine cellars are temperature-controlled spaces with built-in wine racks.

An in-home wine cellar can keep your wine in good condition for longer. And you don’t need a massive, cavernous space, either. A dedicated room in your home’s basement should suffice.

If you are an Arizona wine investor, a home wine cellar can increase your ROI. It may even up your home’s value when you sell. So, don’t skip this tip when designing your home.

7. Parquet Wood Floors

There’s a new trend in wood flooring. Ditch simple wide planks for parquet flooring. Parquet flooring is a mid-century modern staple that requires craftsmen to lay the wood panels in unique shapes and designs.

Some of the most popular parquet flooring patterns include herringbone, chevron, basketweave, and mosaic. Parquet de Versailles, Bordeaux, and Chantilly designs will bring in some European flare.

Of course, parquet flooring will cost you. It takes a true craftsman to lay parquet flooring in an elegant and luxurious way. But trust us, it will be money well spent.

8. Elevated Pools

Maintaining a pool year-round is luxurious in and of itself. But in 2023, a chlorinated pool is not good enough for your high-end home. You need an elevated pool consisting of the latest technology.

Consider a saltwater pool, which feels smoother and may be good for your skin and hair. Cold plunge pools offer health benefits like improving your circulation and boosting your resilience to stress.

The most luxurious choice of all is the oxygenated pool. Oxygenated pools don’t require chlorine, which prevents drying out your skin. They are also safe for children, even if they ingest the water.

9. Electric Car-Friendly Garage

Only 2% of Americans own an electric vehicle (EV). But 36% of Americans say they are planning to get an EV in the near future. If you’re one of them, you’re going to need a place to charge your new car.

That’s where in-home car charging stations come in. You can install these streamlined battery chargers in your garage. That way, you’ll ensure your new EV never runs out of juice.

10. Game Rooms

Game rooms are not just for the kids. Whether you have a family or not, game rooms are the perfect place to relax and unwind or entertain your friends and neighbors.

Make room for a movie theater equipped for gaming. Add a pool table or your favorite vintage arcade game for family fun. And don’t forget to build a snack bar for game breaks.

Homeowners can elevate the game room for adult fun, too. Create a club vibe with stages and blackout curtains. Add a wet bar, a dry bar, or both so you and your guests can enjoy cocktails while you play.

11. Dark Marble Accent Walls

Fluted wood is not the only high-end material making appearances on luxury home accent walls. Dark-colored marble is becoming a main feature in kitchens, bathrooms, and entryways of the country’s most luxurious homes.

And this is not the dark marble of the 90s and early 2000s. Today’s dark marble features striking veining in contrasting colors and high-gloss finishes for an unmistakably contemporary look.

Don’t be afraid to throw up a marble accent wall where you least expect it. Dark marble can add drama to even the plainest of spaces.

12. Whole-House Water Purifiers

Part of having a luxury home is making it as eco-friendly as possible. One way to do that is with a whole-house water filtration system. These systems remove toxins and minerals in the local water.

But they don’t purify the water in your kitchen sink. They will filter the water throughout your entire home. That way, you won’t have to deal with the negative effects of bathing and ingesting hard water.

Additionally, you’ll reduce your use of plastic water bottles. You will save money, and the Earth will thank you for it.

13. Quiet Luxury

According to Homes and Gardens, “quiet luxury” is one of the top interior trends for 2023. This trend emphasizes timeless home decorations, high-end materials, and understated elegance.

Like minimalist trends of years past, quiet luxury encourages simplicity. But unlike minimalism, this style discards the cold and clinical for warmth, calmness, and sophistication.

To get the look in your dream home, incorporate the following quiet luxury staples:

• Warm, minimal colors
• Cozy and calm environments
• Nature-inspired colors and textures
• Comfortable furniture
• High-end decor

Put most of your focus on bathrooms and bedrooms. Making these areas as cozy as possible is integral to a home that screams quiet luxury.

Your Luxurious House Awaits You in Arizona

These 13 tips can help you buy and redesign the luxurious house you’ve been dreaming about. Your home will be the envy of the neighborhood. Plus, it will be the perfect place to kick back and relax in the lap of luxury.

Are you looking for your dream home in Arizona? The experienced real estate agents at Segovia Properties are here to help. Contact us to find the luxury home of your dreams.

Did you know that Arizona has a population of around 7 million? Living in Arizona is a rewarding and lovely experience, but it isn’t without its downsides. How can you know if Arizona living is good for you?

If you’re curious about moving states to Arizona, we’re here to help. Read on to learn about some of the reasons Arizona is among the greatest places to live. Afterward, we’ll highlight a few reasons that you may want to consider before you pack up your home and move out to the Copper State.

Pros of Life in Arizona

To start, let’s look at the bright side of life in Arizona. While Jamie O’Neal may have sworn there was no Arizona, we can confirm that the Copper State has many incredible features. Here are some of the countless reasons you’ll enjoy life in Arizona.

Warm Temperatures

Many people find themselves moving states for a change of weather. Florida, for example, has a large “snowbird” population.

Snowbirds are people that live in northern states where the winter season brings snow and sleet. Rather than take their white Christmas, they fly down to Florida for the winter, where the temperatures rarely approach freezing.

Arizona has many people that do the same. Temperatures in Arizona are warm year-round.

Temperatures will range depending on where you are, but they remain balmy. In winter, Phoenix, Arizona sees temperatures that range from lows in the mid-40s to highs in the upper 60s. Tucson and Yuma have similar climates, while Sedona and Flagstaff touch lower ranges.

Strong Economy

Arizona is also known for its strong economy. Many people applaud Arizona’s economy for always moving forward and staying toward innovation. Some startups find their first launching there, such as the ride-sharing platforms Uber and Lyft finding a foothold in Arizona.

More and more businesses are continuing to move in. Currently, Arizona’s economy is larger than Ireland, Finland, and New Zealand.

Robust Job Market

Along with that strong economy comes a robust job market. The tech world in particular is seeing a strong boom in Arizona.

Google, Apple, and Uber are all moving large headquarters into Arizona in the coming years. Lucid Motors is famously launching an e-vehicle manufacturing site in the Copper State.

These are just a handful of the massive opportunities that are booming Arizona’s job market. Many people have begin moving to the Grand Canyon State to engage with this growing market.

Easy Driving

If you’ve spent much time packed to the brim on an 8-lane highway, you know how important driving is to a city’s culture. Many states are horrendous to drive in. Parts of California are reminiscent of Mad Max while Florida famously has the deadliest highway in the United States with I-4.

Arizona’s driving is refreshingly easy. While you’ll find some congestion in large hubs like Tucson or Phoenix, driving is otherwise pleasant.

Much of the state is sparse, making traffic light. Roads are often well-maintained, traffic-free, and straight shots to your destination.

Culturally Diverse Area

Another fantastic benefit of Arizona is that it’s culturally diverse. Many find themselves hesitant to move somewhere with a cultural homogeneity.

Arizona is particularly well-known for the large population of Native Americans. The Apache and Navajo communities are thriving in Arizona, with their languages still spoken.

Native American culture is far from the only culture represented. It’s a great way to ensure your children grow up in a diverse and family-friendly community.

Strong Sports Culture

If you’re a sports fan, Arizona is a great place to spend your years. Golfers have more than 200 locations to enjoy their favored sport from.

From smaller communities to world-famous championship courses, golf is an enormous culture in Arizona. Two of Arizona’s golf courses are considered the best in the world. Scottsdale’s Chiricahua and Carefree’s Desert Forest Golf Club are world-renowned.

Golf is far from the only sport thriving in Arizona! Football fans have the Cardinals, baseball fans have the Diamondbacks, and Phoenix Rising FC is giving attention to the soccer fans. Every sport you can think of is represented in the Copper State.

Bustling Wildlife

For many people, the natural world of their new living space is vital. If you’re an outdoorsy type, you’ll be happy to know that Arizona has a bustling wildlife.

Arizona’s native species include wolves, owls, rattlesnakes, peccaries, bobcats, and countless more. Those that like their “creepy crawlies” have hundreds of spider species that call the state home as well. The deserts of Arizona provide an incredible wealth of natural life for you to enjoy.

Tourist Seasons

In some states, there’s not much of a reason for tourists to visit. As a result, the economy can become stale and only supported by local businesses. While small businesses are a fantastic thing worth supporting, an injection of tourism into the economy is often welcome.

Arizona has several tourist attractions that help keep the economy thriving. The Grand Canyon is one of countless reasons to visit the Copper State!

Sensible Cost of Living

Finally, the sensible cost of living is often all anyone needs to know to pack up. As the cost of living rises dramatically across the United States, Arizona stays competitive.

The cost of living is constantly changing, but Arizona remains in the middle of the pack. It’s more expensive to live in thriving cities like Tucson or Phoenix. Still, compared to New York, San Francisco, or even Orlando, the prices are much better.

Cons of Living in Arizona

It can’t all be beautiful nature and clear roads. While there’s plenty of amazing things about Arizona, there are a few downsides to consider before moving. Here are some of the cons of living in Arizona.

Extreme Summer Heat

While the warm year-round temperatures are nice during winter, it becomes downright dangerous in the summer. Arizona often breaks records for being the hottest state in the nation.

Summer highs are often in the 90-120 degrees Fahrenheit range. These temperatures are uncomfortable and can make outdoor activities in the summer impossible. Without the right care, these temperatures can become dangerous to inhabitants.

Heavy Winter Traffic

While the traffic is often better in Arizona, winter sometimes sees large congestion. But why do more cars appear as the temperatures drop?

The previously-mentioned snowbirds often flock to Arizona by the thousands. As a result, the peak hours see thousands more vehicles than they see in previous months. The higher population in winter makes driving a much larger hassle, particularly in the warmer cities.

Car-Centric Engineering

Many people love their cars and car culture, which makes this far from a con. But for those that prefer walkable cities or streets that aren’t clogged with a hundred vehicles, Arizona may not be best.

Arizona is designed in a way that makes a car a must-have. The public transportation in the center of a city is decent, but traversing cities becomes more difficult. Moving to Arizona without a vehicle will make living in the state a poor experience.

Sunstroke and Valley Fever

The high temperatures aren’t just uncomfortable. Sunstroke, heat exhaustion, and heat stroke are all common in Arizona.

The desert temperatures are among the highest in the nation, especially in summer. Arizona citizens need to take precautions to avoid potentially fatal illnesses as a result of the heat.

Another illness that’s common in Arizona is Valley Fever. Despite the name, the disease is caused by a fungus that grows in the soil of Arizona.

Valley Fever is present in much of the Southwest US and California. Arizona’s climate is perfect for the fungus, making it particularly common.

Much of Arizona is Barren

Arizona is a large state, but that doesn’t mean there’s something to do everywhere. Much of Arizona is utterly barren and desert topography.

For most, moving near or into a city is a must. “The middle of nowhere” relates to a large portion of Arizona. Living away from cities makes entertainment, travel, and emergencies all much more difficult to manage.

Haboobs (Seriously)

If you don’t live near a desert, you may have never heard the term “haboob.” A haboob is a severe dust storm that typically forms after a thunderstorm.

These enormous dust clouds are large enough to cover entire cities and thousands of feet tall. They move in on Arizona communities and can clog the air for hours or even days. Make sure you bring a face covering if you move into Arizona!

Pros and Cons of Living in Arizona

While there are ups and down to living in Arizona, it remains a beautiful state and one of the nicest places to live. Weigh the pros and cons to see if Arizona living is right for you.

If you’re considering moving states to Arizona, you should contact us! We can help you find the right property for you and your loved ones in the Copper State.

You’re ready to upgrade your living situation. Whether you’re looking for your first home or your next one, you’re ready to come home to luxury every day. While many people may strive to buy a luxury home, the process can be tricky.

Finding luxury homes for sale in Arizona is often a longer process than buying a standard home. But rest assured that it’s not impossible to find the home of your dreams.

If you know how to make your way through the process, you’ll have an easier time finding the exact kind of home you want, exactly where you want. These 10 tips will help you find a luxury home in Arizona.

1. Enlist a Luxury Listing Agent

Realtors help their clients navigate the process of searching for and buying a house. But if you want to purchase a luxury property, you don’t want to hire the average real estate agent.

Look for a realtor or broker who specializes in luxury properties. They’ll know and understand the luxury real estate market in Arizona better than anyone. They have connections that can get you into exclusive showings.

Their work with previous clients may also allow you to know about a house going on the market before it’s listed. Beyond their connections, they’ll know what constitutes a luxury home and how one property compares to the next.

Luxury home realtors will also be able to advise you, which can make the process run smoother and ensure you’re getting exactly what you want in the end.

2. Determine Your Location

A major part of luxury real estate is the location of the property. Beautiful houses in beautiful places will naturally cost more money. Conversely, a beautiful home in a less ideal place doesn’t evoke luxury.

Keep in mind how the area around the home contributes to its value and factor that into your decision-making.

Similarly, there are some neighborhoods that offer more luxury features than others. Good schools, restaurants and shops within walking distance, and low crime often contribute to the luxuriousness of an area.

Consider where you want to live, not only city-wise but also neighborhood-wise. Narrowing down some places you want to live with makes the search much easier on you and a realtor.

3. What Features Do You Want?

Stunning and unique features are what make luxury homes luxurious. Things like backyard pools, outdoor living spaces, multiple bedrooms and bathrooms, lot size, and square footage are all common features in a luxury home.

Determine which, if any, of these features you want in your home. Consider both the basics, like how many bedrooms you want and need, as well as features on the fun side, like pools and game rooms.

Whether the home is turn-key or will require some work should also be a consideration. A finished home will typically have a higher list price than one that needs some renovation.

However, cosmetic features like flooring, tile, and wall color are easily swapped out. So, if a home has all the features you want but might need a facelift, the property might be worth it in the long run.

4. Think About Your Lifestyle

As you start the home search, you’ll want to consider your lifestyle and how you use your home. Do you like to entertain friends and family, having them over for dinner parties and holidays?

In that case, you may want to prioritize common rooms like the living space, kitchen, and backyard, where your gatherings may occur. Having extra bedrooms for overnight guests may also be a priority.

But, if you’re one to turn your home into an oasis or engage in your hobbies, investing in private spaces might be what you need. A large primary suite and extra rooms for hobbies may be the priority in this case.

In Paradise Valley AZ, a pool can serve as both a personal or gathering oasis. Your home may have a unique combination of wanting private space and gathering spaces. Luckily, with a luxury home, you often have room for both.

5. Get Finances in Order

It’s no secret that luxury homes come at a higher price tag. Before starting the home-buying process, determine your budget and how you’ll pay for the home. This will also help narrow down the properties you’re willing to see.

But the cost and downpayment on the home aren’t the only finances you have to keep in mind when buying luxury real estate. Not every buyer can afford the higher prices of luxury homes.

This means some properties may have liens, which are fees or bills that haven’t been paid to developers, lenders, or tax authorities. There may also be back taxes or other fees associated with the property.

6. Tour the Home

Pictures can be deceiving, even on a luxury property. Pictures can make a room seem bigger, ceilings taller, and a home in better condition than it actually is.

Real estate photographers know how to frame an image to make the property look better. Even if the listing provides plenty of pictures or even a virtual walk-through, you’ll still want to view the property in person.

Take a day to walk through the home to get a feel for how large the rooms are, the layout, and how much work the home might need. You may also want to hire a professional to inspect the home to ensure its condition.

Seeing the home in person will also help you visualize yourself there and get a first-hand look at whether the home will work for you.

7. Learn About the Location’s Future

Many people buy luxury real estate for the location. And with a stunning location also comes views. With Arizona luxury homes, you may have beautiful views of the desert or red rock hills.

And because the beautiful view most likely factored into the price of the home, you’ll want to ensure you’ll get to enjoy those views while you live there. Do a little research and learn about any future projects in the area.

Are they building new homes or skyrises? Is a multi-floor office building or other commercial project going to block your million-dollar views? This not only affects views but also potential property value.

Similarly, additions like parks and new restaurants can boost property value in the future.

8. Consider All Types of Luxury Properties

Large, sprawling mansions aren’t the only option for luxury properties. For those who enjoy living in a denser or city-like area may prefer a luxury condo or a penthouse in a high-rise building.

Luxury condos also tend to have amenities like a concierge service, an on-site gym, and a pool and spa that can make living there even more luxurious. Often you’ll also be within walking distance of trendy restaurants and stores.

Your dream home may not be built yet. With some luxury properties, you may be able to custom-build a home from the ground up. You can decide on the layout and all the finishes so the home is exactly how you want it to be.

9. Prepare to Negotiate

Being in a higher price range for a luxury home doesn’t mean you shouldn’t negotiate. You’re still able to negotiate with the seller and try to get the list price into a range you’d be comfortable with purchasing.

But if you’re planning to negotiate, be ready for them to negotiate with you back. You may have to go back and forth a few times to find a price that both you, as the buyer, and the seller are comfortable with.

Luckily, you don’t have to do this alone. A luxury real estate agent can also guide you through this process, offering advice and suggestions on the price to bring to the table.

Beyond the price, a real estate agent can also negotiate other parts of the deal, like including certain features, furniture, or decor that may not come with the house.

10. Be Patient

Real estate isn’t always a fast game. It can take weeks or even months for a real estate deal to work out and for the property to pass hands. But even before that, the process can take time.

Luxury properties often don’t come on the market as quickly or as often as standard properties. That means you might take months or years searching for the right property or waiting for one to come on the market.

Similarly, preparing to buy a home can take time as well. Doing research on the area, determining your budget, and setting your must-haves all add to the timeline.

Though the overall real estate process might take weeks or months to play out, when it comes time to strike, be ready to do so quickly.

Luxury Homes for Sale in Arizona

With beautiful landscapes and near-perfect weather, Arizona, on its own, is a luxury location. Of course, it makes sense to live in a luxury home in such a stunning location.

Finding luxury homes for sale in Arizona doesn’t have to be a difficult process if you know the right steps to take. With proper preparation, you’ll be living in the home of your dreams.

Search for luxury real estate in Arizona and find your forever home today.

Looking to sell your luxury home but unsure where to start? Selling a high-end property can be an exciting and lucrative venture. It’s not without its challenges. 

In today’s luxury real estate market, standing out and getting the price you deserve requires strategy. From creating a captivating listing to negotiating with potential buyers. Selling your home takes skill and expertise. 

In this article, we’ll guide you through the process. We’ll share everything you need to know to sell your luxury home.

What Is a Luxury Home?

A luxury home is a property that offers exceptional quality, features, and amenities. The definition of a luxury home varies depending on the location and the local real estate market. 

They have a higher price point than the average home and offer unique features such as

• Prime location
• Stunning view
• High-end appliances
• Luxurious finishes

Understanding the Luxury Home Market

The luxury home market is a niche market that caters to high-end buyers looking for unique properties. Understanding the luxury home market requires knowledge of local real estate trends. You must know the target demographic, and the features that appeal to luxury home buyers. 

Selling a Luxury Home

Selling a luxury home requires a tailored approach. It must take into account the unique features of the property and the target demographic.

A successful luxury home sale involves showcasing the property in the best possible light. You must reach out to high-end buyers who are looking for a unique property. 

Prepare Your Luxury Home for Sale

Preparing a luxury home for sale involves more than just cleaning and decluttering. To attract high-end buyers, it’s essential to stage the property and present it in the best possible light. A. Importance of staging a luxury home

Staging a luxury home involves creating an atmosphere that appeals to high-end buyers. This may involve hiring a professional stager to arrange furniture, add decor, and create a luxurious ambiance. 

Staging helps buyers envision themselves living in the home. This can have a significant impact on the sale price.

Right Real Estate Agent 

Not all real estate agents have experience in selling luxury homes. It’s crucial to find an agent who has experience in the luxury home market.

They understand the unique features and amenities that appeal to high-end buyers. A professional agent can also help market the property and negotiate a favorable sale price.

Luxury Home Sales

Selling a luxury home requires a tailored approach. This takes into account the unique features of the property and the target demographic.

Luxury home sales may take longer than the average home sale. It may require reaching out to a smaller pool of high-end buyers. 

Leveraging Social Media 

In today’s digital world, social media has become a powerful tool for marketing luxury homes. Social media platforms like Instagram, Facebook, and LinkedIn allow sellers to reach a broader audience of potential buyers.

These platforms allow sellers to showcase their luxury homes through high-quality photos and videos, highlighting the unique features of the property. By using targeted ads and working with influencers, sellers can attract the right buyers to their luxury homes.

Hiring an Interior Designer to Stage Your Luxury Home

When it comes to selling luxury homes, staging plays a crucial role. It creates a high-end, luxury ambiance that attracts the right buyers.

Hiring an interior designer who specializes in luxury home sales can help sellers create an inviting and elegant atmosphere. Interior designers can use their ability to highlight the unique features of the property. They can create a cohesive design that showcases the property’s best features.

Impact of Location 

Location plays a critical role in selling luxury homes, and several factors can impact the property’s value. Factors like proximity to amenities, exclusivity, and privacy can influence a luxury home’s price. 

A property located in an exclusive neighborhood with high-end amenities will command a higher price than one located in a less desirable area. Understanding the impact of location on luxury home sales can help sellers price their property and attract the right buyers.

Working With International Buyers

Working with international buyers can open up a whole new market for luxury home sellers. International buyers often have a unique set of requirements. Understanding different cultures and customs is essential when working with them.

Sellers need to be aware of the legal and financial implications of working with international buyers. They must be prepared to navigate any cultural differences that may arise.

Legal and Tax Implications 

Selling luxury real estate comes with unique legal and tax considerations. For example, transfer taxes and capital gains taxes impact the sale price of a luxury home.

International buyers may face added tax implications, which sellers need to be aware of. Real estate professionals understand the legal and tax implications. This can help sellers navigate these complexities and ensure a smooth transaction.

Marketing Your Luxury Home

Marketing a luxury home requires a strategic approach that highlights the property’s unique features and amenities. High-quality photos and videos, captivating listing descriptions, and reaching out to luxury real estate buyers are essential elements in marketing a luxury home for sale.

The Importance of High-Quality Photos and Videos

This is critical in showcasing a luxury home’s unique features and amenities. Investing in professional photography and videography can have an impact on the sale price and attract high-end buyers. The images and videos should be appealing. It must highlight the property’s best features and create a luxurious ambiance.

Create a Captivating Listing Description

A captivating listing description should entice potential buyers and highlight the property’s unique features and amenities. The description should be well-written, concise, and compelling. 

There must be attention-grabbing headlines and bullet points. It should include details on the property:

• Location
• Architecture
• Design
• Amenities like a pool or home theater

Contact Luxury Real Estate Buyers

Reaching out to luxury real estate buyers involves more than just listing the property on MLS. It requires a strategic approach that targets the right demographic through social media.

Targeted advertising and networking with other luxury real estate agents can be beneficial to your marketing efforts. This approach can help ensure the property is seen by a pool of high-end buyers who are interested in investing in luxury real estate.

Selling Your Home for the Right Price

Pricing a luxury home is crucial to ensure a successful sale. Setting the price too high can discourage potential buyers while setting it too low can undervalue the property. 

Conducting a comparative market analysis and understanding market trends are essential steps in setting the right price for your luxury home.

Comparative Market Analysis

Comparative Market Analysis (CMA) is an essential tool in determining the right price for a luxury home. This involves analyzing the sale prices of similar properties in the area to determine a fair market value for the home.

The CMA should take into account factors like the home’s size, location, and amenities. This will help to ensure an accurate price range.

Market Trends

Understanding market trends is crucial in pricing a luxury home. It involves monitoring factors like the local economy, housing market conditions, and interest rates to determine the optimal time to sell. 

It’s essential to work with a real estate agent who has experience in selling luxury real estate. They can provide insights into market trends and buyer behavior.

Selling to Luxury Real Estate Buyers

Selling to luxury real estate buyers requires setting the right price range that appeals to their interests. High-end buyers are looking for exclusivity, luxury amenities, and quality finishes. They’re willing to pay a premium for them. 

Setting the price too low can discourage buyers who may question the property’s exclusivity and value. Setting it too high can make the property seem out of reach.

Negotiating with Potential Buyers

Negotiating with potential buyers is a crucial step in the sales process. It involves discussing the terms of the sale. This includes the price, closing date, and any contingencies to ensure a beneficial agreement. A skilled real estate agent can assist in negotiating with buyers and ensure the sale meets the seller’s goals.

Handling Offers and Counteroffers

Handling offers and counteroffers requires careful consideration of the terms presented by the buyer. The seller must decide whether to accept, reject or counter the offer, based on their financial goals and market conditions. An experienced real estate agent can help navigate this process and ensure that the seller receives the best possible offer.

Closing the Deal

Closing the deal on a luxury home requires effective negotiation skills and a thorough understanding of the sales process. From handling offers and counteroffers to finalizing the sale. There are several critical steps to take to ensure a successful transaction.

Finalizing the Sale

Finalizing the sale involves several legal steps, including inspections, appraisals, and financing. The seller must guarantee that all conditions and contingencies are met. Confirm that the buyer has secured financing before closing the sale. 

Finding Luxury Homes

For luxury home buyers, finding the right property can be a challenging task. Luxury homes are exclusive and often not listed on the market. Working with a real estate agent who specializes in luxury real estate can provide access to off-market properties. This will help buyers find their dream homes.

Mastering Luxury Home Sales: Your Path to Success

Selling a luxury home requires a strategic approach to attract the right buyer and achieve the desired price. You must understand the luxury home market.

There are many processes involved in selling your home. Being knowledgeable of these processes helps ensure a successful sale or purchase.

If you’re looking to sell your luxury home in Arizona or purchase a luxury property, contact Segovia Properties today. Our experienced real estate agents can guide you through the process. We can help you achieve your real estate goals. 

Don’t wait, contact Segovia Properties now and let us help you make your luxury real estate dreams a reality.

Arizona is a state that is renowned for its breathtaking scenery and vibrant culture. Arizona’s most sought-after luxury communities include Scottsdale, Paradise Valley, and Fountain Hills. These communities offer residents world-class golf courses, shopping, dining, and outdoor recreation opportunities.

The real estate market in Arizona has seen significant growth in recent years, and the luxury housing market is no exception. The average sale price of luxury homes in Arizona has been steadily increasing, and demand for these homes remains strong.

Arizona’s luxury housing market is predicted to grow despite economic concerns. The state’s warm climate, rich terrain, and strong economy will certainly draw more luxury homebuyers. Whether you’re looking for a full-time residence or a second home, Arizona offers a wide range of luxury housing options to suit your needs.

Here is our comprehensive guide to purchasing a luxury property in Arizona.

What Is a Luxury Home in Real Estate in Arizona?

In real estate, luxury homes in Arizona are typically defined as high-end properties with a high price tag and a long list of high-end features and amenities. However, there is no definition for a luxury home, as the definition can vary depending on local real estate markets and personal preferences.

However, some standard features of luxury homes in Arizona may include the following:

• Large living spaces with spacious rooms and high ceilings
• Gourmet kitchens with top-of-the-line appliances and finishes
• Master suites with spa-like bathrooms and walk-in closets
• Outdoor living spaces such as patios, pools, and gardens
• High-end finishes such as hardwood floors, crown molding, and custom lighting
• Energy-efficient systems and innovative home technology
• Privacy and seclusion, often on large lots in upscale neighborhoods

In Arizona, luxury homes typically start at a price point of $1 million or more. However, this is just a general guideline, and the actual definition of a luxury home can vary depending on the specific market and location.

1. Know Your Budget

The first step in the process of buying a luxury home is to know what you can afford. Next, determine your budget, considering your income, savings, and debt, and remember that owning a luxury home typically comes with additional expenses, such as property taxes, insurance, and maintenance costs.

2. Work With a Reputable Real Estate Agent

Working with a reputable real estate agent with experience and expertise in the luxury real estate market can make buying a luxury home much smoother. An agent will have access to a range of properties, including those not listed on the market, and can help you negotiate the best possible price.

3. Consider Your Lifestyle and Priorities

Before you search for a luxury home, take some time to reflect on your lifestyle and priorities. Consider factors such as the home’s proximity to local amenities, the type of property you are looking for, and the size of the house. This will help you find a perfect home for you and your family.

4. Research the Local Area

Before making a purchase, it is essential to research the local area where you are interested in buying a home. This includes learning about the local economy, schools, and transportation options, as well as the quality of life in the area.

5. Check the Condition of the Home

When viewing luxury homes, paying close attention to the property’s condition is essential. Look for signs of damage, wear, and tear, and any other issues that may affect the property’s value. If you have concerns about the condition of a property, consider hiring a home inspector to conduct a thorough inspection.

6. Negotiate the Price

Once you have found the luxury home you are interested in purchasing, it is time to negotiate the price. Work with your real estate agent to make a fair and reasonable offer, considering the current market conditions and the property’s value.

7. Get a Home Inspection

Getting a home inspection is a crucial step in buying a luxury home. A home inspector will assess the property’s condition, including its structure, systems, and appliances, and provide you with a report that will help you make an informed decision about your purchase.

8. Review the Closing Costs

Closing costs can add up quickly when buying a luxury home, so it is essential to review the costs associated with the purchase before you sign on the dotted line. This may include title insurance, closing fees, and property taxes, so factor these costs into your budget.

9. Consider the Long-Term Value of the Property

When buying a luxury home, it is important to consider its long-term value. This includes factors such as the location, the home’s condition, and the quality of the local schools and amenities. Considering these factors, you can help ensure that your luxury home retains its value over time.

10. Seek the Advice of a Financial Advisor

Before buying a luxury home in Paradise Valley or Scottsdale, Arizona, it is wise to seek the advice of a financial advisor. A financial advisor can help you determine your budget for a luxury home and guide you on the best financing options for your situation. They can also help you plan for the long-term costs of owning a luxury home, such as property taxes, insurance, and maintenance.

A financial advisor can help you make a better decision and avoid possible financial pitfalls. They can provide an objective perspective on your financial situation and help you understand the real cost of owning a luxury home. Working with a financial advisor ensures that you are making a smart investment and that you can enjoy your new luxury home for years to come.

Experience the Prestige of Owning a Piece of Luxury in Arizona

Unlock the door to your dream luxury home in Arizona today! With stunning views, world-class amenities, and a thriving real estate market, now is the time to invest in your future. But don’t wait; work with a local expert to find the perfect luxury home for you and start living the life you deserve.

Ready to find your dream luxury property in Arizona? Explore the available options by county here!

Homes in Arizona can cost over $450,000. Regardless of the rising housing costs, Scottsdale, Arizona is a great place to relocate to or purchase an investment property. However, not anybody understands what they need to about the best neighborhoods in Scottsdale.

We’ve put together a brief guide that outlines everything you should know before you purchase houses in Scottsdale. Let’s take a closer look.

Silverleaf Village

This high-end area of Scottsdale is one of the most luxurious neighborhoods in the city. It features extensive amenities and stunning mountain views, making it an ideal place for those looking for a high-end investment property or a luxurious new home.

As time goes on, it will become a much more attractive option to new homeowners. So, you can be sure that you will get a substantial return on your investment if you choose to sell your property later.

DC Ranch

Located near Silverleaf Village, this upscale community was designed to provide its residents with a similarly luxurious lifestyle. With its stunning golf courses, walking trails, and lush greenery, DC Ranch is a great place to purchase a property.

The choice between these two locations is a personal preference. DC Ranch, though, is a bit more rural for those who for this type of environment.

Echo Canyon

With breathtaking views of the nearby mountains, Echo Canyon offers spectacular scenery and plenty of outdoor activities for all ages.

There are also plenty of trails for hiking and mountain biking. Those who enjoy the outdoors should keep this in mind when making their decision. It’s also a great place to raise a family due to the number of activities available in the immediate area.

Desert Mountain

This large, gated community offers plenty of amenities for its residents. Desert Mountain is the perfect place if you’re looking for an upscale lifestyle with top-notch features due to its golf courses and tennis courts.

As the name suggests, it also offers amazing desert views that add plenty of beauty to the neighborhood.

Central Scottsdale

Central Scottsdale is perfect for those looking for a more urban lifestyle. This neighborhood offers residents the convenience of city life with easy access to the surrounding desert beauty.

There are also many shopping, dining, and entertainment options. For those who are looking to live in a busier, livelier area, this is a great choice.

McCormick Ranch

Great schools, shopping centers, and plenty of recreational activities make McCormick Ranch an ideal place to purchase a home or investment property.

Its stunning lake views are second to none.

This area is perfect for those looking for a suburban lifestyle without sacrificing the beauty of nature. For this reason, many people find it to be one of the most “balanced” neighborhoods in Scottsdale, AZ.

Arcadia

One of the most desirable neighborhoods in Scottsdale, Arcadia is known for its stunning homes and upscale lifestyle.

Arcadia is ideal for purchasing a beautiful home or investment property that has a high-quality surrounding environment. Of course, you can expect to pay a bit more in this neighborhood than you would in others.

The price is worth it, though — the luxury it offers is top-tier.

Paradise Valley

As the name suggests, Paradise Valley is an oasis of beauty.

More specifically, it offers its residents the best of both worlds: suburban living with easy access to downtown Scottsdale.

This allows people to enjoy the tranquility of living in the suburbs while providing the opportunity to get to a busy area of Scottsdale.

How Do I Find the Right Realtor For Me?

When searching for the right realtor to work with, look for someone who has experience in the area you are looking in and someone who specializes in the type of property you want to purchase.

Good realtors will be able to provide insight into different neighborhoods and help you choose a home that fits your lifestyle.

It is also important to find a realtor that you feel comfortable working with and can trust. Word of mouth is a great way to find a realtor, as well as online reviews.

When checking on feedback, there are certain criteria you need to consider. For instance, imagine if the realtor had a large number of negative reviews about the level of service they provide. Chances are that you will experience something similar if you chose to work with them.

In contrast, a realtor that has a large amount of positive feedback is generally somebody that you can trust. You should also keep an eye out for reviews that do not seem legitimate. These often sound more like advertisements or sales pitches than actual reviews.

The same can be said about reviews that are overly negative. Sometimes, someone will have a negative experience that is an isolated incident not indicative of the realtor’s professionalism. They might then leave a review out of spite.

With the right realtor on your side, you can make an informed decision about purchasing a house in Scottsdale. Take a look at their past feedback and ask questions to ensure you get the best advice and service.

Finding the Best Neighborhoods in Scottsdale Is Easier Than It Seems

At first, choosing the right best neighborhoods in Scottsdale can seem overwhelming. The above guidelines will help ensure that you avoid problems you may have otherwise dealt with.

Looking for more information on what we can do? Reach out to us today to see how we can help.

Reports show that the purchase of luxury homes went down 28% in 2022. Despite this dip, people are still on the hunt for the best luxury homes out there.

There will always be a demand for luxury homes in Scottsdale since they have so many features. If you want a home with character, this is the type of home to look for.

There are several key features that make luxury homes stand out. These are things that should be on your list that you absolutely must have when purchasing a home.

Keep reading to find out what features to look for in luxury homes in Scottsdale.

A Good View

One of the most important features of a luxury home is the view. Many luxury homes have earned this title because of where they’re located within the city.

Luxury homes are usually on a large piece of property, giving you plenty of landscape. The home may be on a hill where you are able to overlook other homes.

The view is going to depend entirely on where the home’s located. It also depends on the type of you you enjoy, some people enjoy looking at an expanse of trees in their backyard.

Others may prefer a bird’s eye view of the rest of the city. You should also have a good view from the front and the back of the home.

This is important since you will be spending time in both areas and you want a view that will impress.

Smart Home Technology

The majority of luxury homes include a key feature that you definitely want to have. This is smart home technology that enables your home to be more convenient and efficient.

A luxury home should be equipped with cutting-edge technology for the entire home. This usually includes things like controlled appliances, thermostats, and lighting.

You should be able to hook these things up to your phone and control them no matter where you are. This is very effective, especially for large luxury homes where efficiency is important.

This gives you the freedom to control how your home is functioning, even when you aren’t there. It also provides top-quality security from smoke detection to break-in detection.

You will be able to get notifications about these issues straight to your phone. It is important for luxury homes to have great security systems to prevent theft.

Outdoor Elements

Buying a luxury home in Scottsdale is a big investment, and you want it to pay off. One way to do this is to look for outdoor elements that fit your lifestyle.

The majority of luxury homes have a variety of outdoor elements that make them more valuable. The most common option that you will see is outdoor pools and saunas.

These are very common and allow you to enjoy a dip in the pool right in your backyard. Outdoor kitchen and dining areas are also very common so you can enjoy the summer months.

Outdoor fire pits and changing cabanas are also some things you may want to look for. You can always make changes and add elements after buying the home, but it’s easier to find these homes as is.

Privacy

Luxury homes are often designed to have privacy features for the entire property. This is important if you want to remain anonymous and avoid attracting a bunch of attention.

This adds value to the property and helps to create more security for your home. Most luxury homes are far away from other homes and are not located right on the street.

They often have different kinds of fencing that span the entire property. It may even have an automatic security fence that keeps intruders out.

Many homes also have a type of privacy screen from trees. This creates an eye-appealing landscape while still providing privacy for your home.

How much privacy you want is going to depend on where the home’s located. If the property is very large, you may not need as much privacy since your home is not in plain view.

High-End Kitchen

A very common luxury home feature that you will find is a high-end kitchen. You want the kitchen to have all of the modern features to make cooking and hosting meals easy.

Many luxury kitchens have warming drawers, wine fridges, and restaurant-quality appliances. Walk-in pantries are also very common for effective storage.

You may also want a kitchen that has a double fridge or one that is extra large. The kitchen should be much larger than the average kitchen with an island to keep the space efficient.

Walk-in Closets

One feature that you definitely need to look for is a walk-in closet. These are extra large closets that are pretty much a small bedroom within a normal bedroom.

They are much larger than the average closet, allowing you to use them as a changing room as well. The majority of the bedrooms in the home should have walk-in closets.

But it is especially important that this is a part of the master bedroom. If you are really going for fancy home features, you can look for homes that have dressing rooms as well.

Open Plan Bathrooms

A spa bathroom is part of the design of many luxury homes. This is an open planet bathroom that is much larger than the average bathroom with spa-like features.

Luxury homes in Scottsdale should have several bathrooms, many being of this design. They should include things like walk-in showers, bathtubs, and multiple sinks.

Some extra features include things like towel warmers, a Jacuzzi, and radiant heating floors. Many people specifically look for spa bathrooms that have a lot of marble features.

Specialty Rooms

Something that makes a high-end home stand out is specialty rooms. The average home has a few bedrooms, a kitchen, bathrooms, and a living room and that is all.

A luxury home should have more options, such as a game or theater room. These are also entertainment rooms that allow you to really elevate your home and create the perfect space.

This is ideal for families so that they can spend time together in their homes. Some homes even have indoor pools, sports bars, or indoor basketball courts.

If you do any work at home, a home office is also very important. Some people may also want an exercise room where they can keep all of their workout gear.

Open Floor Plan

One element that you will likely see and the majority of luxury homes is an open floor plan. The majority of high-end homes are large and open to create an expensive feeling atmosphere.

This modern type of plan highlights tall ceilings, grand foyers, and architectural designs. This also helps to highlight the expanse of windows that most luxury homes have.

This type of layout also creates more curb appeal. These homes look good from the inside and the outside, and this layout has many functional benefits too.

An open plan allows your family to interact more freely with each other. The house will not be boxed off like most homes, helping it to feel larger and more intentional.

This also allows you to invest in larger decor pieces like statues or fountains.

What Makes a Luxury Home?

Many people have heard of luxury homes but do not know what they are exactly. A luxury home is an individual property that is considered to have more unique features.

Most homes are considered to be luxury homes if they have a median threshold price of $912,500. They are also situated in prime locations with a more unique architectural design.

Some people consider buying a luxury home because they want the statement of it. Others may make this purchase because they want all of the features that are included.

Luxury homes are considered to be a great investment since you often get a lot for what you pay for. They also have a high resell value if the market is good.

Luxury Homes in Scottsdale

If you are looking for luxury homes in Scottsdale, you may not know what to look for. The term luxury home is quite vague since there is no definitive definition to describe what this is.

The good news is that most luxury homes can be identified by the high-end features they are designed with.

Do you want to buy a luxury home with all of these special features? Contact us today at Segovia Property Group for the best luxury home options in Scottsdale.

In 2022, among people who are wealthy enough to afford a high-end property, 67% say they are interested in purchasing a luxury property.

Selling a luxury home will take more than just listing it online. There are many steps and things to consider.

To get the most profit out of your sale, you will have to commit your time, energy, and money. If you’ve never sold a luxury home in Paradise Valley, you may feel overwhelmed.

We are here to give a little advice and explain the process to you. Read on to learn everything you need to know about creating a home-selling strategy.

Find a Realtor

There are thousands of realtors out there, but that doesn’t mean just anyone is going to be able to help you sell your property. Working with a realtor who specializes in luxury homes will make all the difference.

They will not only be experienced and know what works best, but they will also understand your expectations. Your privacy may be your top priority, and someone who has previously dealt with high-end properties will acknowledge and respect that.

Selling luxury real estate can require extra marketing and someone with connections in the industry will increase your chances of selling your home. When you’re looking for a real estate agent, be sure to ask some of your friends and neighbors who also have high-end properties. They may have some recommendations.

Pricing Luxury Homes

Pricing can make or break your sale. You’ll want to get the most profit possible for the property, but pricing it too high could be detrimental. The longer a house sits on the market, the harder it is to sell.

If you list it for too much, it’s likely to sit for a while. You will also deter a group of potential buyers. If your house is overpriced, some people won’t see it when they are searching, because it’s priced out of their range.

You also don’t want to price it too low and risk not getting the amount it’s worth. You and your realtor will need to do some research and make a plan for pricing it out.

Look around the area and see what other properties that are similar to yours are selling for. Pricing correctly from the beginning will help ensure a smoother and faster process.

Know When To List

There are times when you can’t wait to list your home. Jobs and family emergencies require us to move quickly sometimes. However, if you have the luxury of time, there are certain times that are better for listing a high-end property.

Typically, the summer months, May and June, are the best time to sell. The amount of days a home sits on the market is lower and many people are moving so you’ll be able to get more for your property. Your agent will also be able to advise you on market trends and tell you when the best time to list is.

Private Viewings vs Open Houses

Open houses are great for non-luxury properties. It allows the home to get a lot of exposure. Things are a little different for high-end properties.

Private viewings are beneficial for several reasons. They allow you to maintain your privacy. You won’t have a bunch of strangers coming in and out all day.

Another great thing about private showings is you won’t be wasting your time. If you open your home up to the public, you’ll likely have noisy neighbors stopping by, who aren’t actually interested in buying. With private showings, you know you won’t be wasting your time.

Luxury buyers will also like the privacy that a scheduled appointment will bring. It will show potential buyers that your property is exclusive, thus increasing their desire.

Consider Virtual Tours

The majority of buyers look online for a house first before contacting a realtor or looking in person. It’s crucial that you showcase your property online properly. That’s where people are going to have their first impression.

Luxury buyers aren’t always looking for their primary residence. They may be purchasing the property as a second home or an investment property.

If they live in another state, they may not want to fly in to see the property right away, or even at all. Some people prefer to purchase completely online.

Offering virtual tours, photos, and videos will appeal to some of your potential buyers. It’s a nice touch and could help you reach out-of-town clientele.

Marketing Tips

Marketing is so important. Without it, how will people know your property is for sale?

If you don’t know much about marketing, hiring a professional can be extremely helpful. They will have knowledge about where and how to advertise your property so it gets the most exposure.

A professional will know which designs and colors look best together and will know the most effective ways of advertising luxury homes. Someone who knows the industry will have connections and resources that you may not have.

Be sure to focus on graphic design, photography, and copywriting. You’ll also want your online content to be easy to navigate, find, and share.

Below are a few features that are popular in today’s market. If your home has any of these items, be sure to use them in your marketing.

• Multi-care garage with a showroom or lifts
• Outdoor living area
• Eco-friendly appliances
• Smart tech-automatic window shade, charging station, home theater

Hire a Professional Photographer

The iPhone does take some good photos these days, but they still don’t compare to a professional’s. When you’re selling a luxury home, you want it to look the best it possibly can.

Hiring someone who specializes in luxury home photography will make a big difference. They will know what angles to get and which lighting is best for each room.

Don’t be surprised if the photographer wants to take photos at different times during the day. A room can look very different in the morning than in the late afternoon.

You’re going to want your photographer to get quality photos, but don’t forget about quantity. Both are essential when it comes to highlighting luxury home features.

The photos should showcase what’s unique about the house. Think about the other homes in the area, what does your property have that they don’t?

Work With a Stager

A home stager can really help elevate your luxury home. They will be able to draw attention to your home’s best assets while putting the not-so-great features in the shadows.

When you’re looking for a realtor, consider if they have a background in staying or design. While staging alone won’t sell your home, it will make an impact.

They will likely decorate your home in a way that appeals to high-end buyers. This will help potential home buyers envision themselves there.

A stage will be able to create a look that doesn’t overwhelm the buyers and also doesn’t push one style too much. If privacy is a concern, be sure to remove personal items, such as pictures.

When you’re staging your home or having a professional do it, you don’t want too much emphasis on the furniture. It’s likely the pieces in the house aren’t staying there.

Try to put the focus on the home’s features. For example, the floor-to-ceiling windows, the open concept, or the recent upgrades.

Make Your Luxury Home a Brand

Making your home stand out against others is important, too. If there are a lot of luxury homes in your area for sale, you want people to recognize and remember yours.

Creating a brand isn’t as complicated as it sounds. You can create a logo or slogan to go along with your home. You’ll then be able to use that signature on material materials, online social media pages, and brochures.

This isn’t a must, but you may find it beneficial. If you’re a property investor, you could potentially use the logo later on for another house, too.

Tips For Selling a Luxury Home

When you’re selling a luxury home, it needs to be done right. Small mistakes like listing too high or a poor marketing strategy can take a chunk out of your profits. If your home doesn’t sell as fast as you thought it would, it can become a burden and a stressor.

If you’re considering selling your property, contact us. We have worked with many buyers and sellers and we are confident we can help you sell your luxury home.

Luxury homes. They are some of the best homes that the United States has to offer and you may try everything that you can think of to get your hands on one. 

In the United States, 8.2% of the homes in the real estate market were worth over $1 million in 2021. Perhaps this is a price range you feel comfortable buying a home with. 

If you are new to the luxury home market, you are probably wondering how to buy one in Paradise Valley, AZ. This guide should give you a good idea of what to look for. 

Research the Location 

Just like buying a normal home, you should consider what location you are looking to buy a home in. In this case, it is Paradise Valley, AZ. 

Let’s take a closer look at this location. According to the 2020 Census, the median home price in this town is over $1.6 million. That should give you an idea of how much money you will need and how much you are willing to spend. 

However, the price of the house should not be your only factor when it comes to location. If you have kids, how good is the school system? If you are older or in poor health, do you have close access to good doctors and hospitals? 

These are some things that you need to take into consideration. You may also want to look into what kind of people are you going to have as neighbors and residents of the same town. 

Does political allegiance matter to you? Does a diverse population matter to you? Do you want to be in a location that has more males or females? What about an area that has more families or people that are retired? 

Consider what you want when it comes to these questions and decide what matters most to you if anything. 

In Paradise Valley, about 30% of the people who live there are 65 and older. About 87% of the people who live there are white and nearly 19% of people who live there are 18 or younger. 

Another thing that may be good to know when it comes to Paradise Valley is that it has a decent veteran population. It makes up over 5% of the town’s population, so this area could be appealing to veterans. 

Know What You Want 

The next thing that you have to do is figure out what you want in a luxury home. There are all different types of designs and assets that can make a home be defined as luxurious. 

However, there are going to be things that you do not like or do not care about. In contrast, there will be things that you fall in love with, so you need to have an idea of what those things are. 

For example, let’s say that you are someone that demands to have a big backyard with an in-ground pool in it. That will be something that you look for and are willing to invest in compared to a place that has a below average backyard. 

You could also be someone that wants to have a great view of nature or close access to nature. Knowing that in advance can help you narrow down your choices when it comes to purchasing a luxury home. 

Create a Budget 

Along with knowing what you want, you also need to know how much you are willing to spend. You have to remember that this is a luxury and not a necessity. 

So, make sure you go over finances and reassure yourself that you can afford it. 

However, do not just factor in the price of the house. You need to prepare for future maintenance fees of the house, the added cost of utilities for a bigger home, the larger property taxes on a luxury home, and an emergency fund in case you have a rainy day. 

In other words, if you have nearly $2 million in your bank account, perhaps it is not the best idea to buy a home that costs $1.6 million. You have to decide how large of a percentage of your assets you feel comfortable putting into a house and then make sure that you can afford to do this. 

Negotiate 

While it is a luxury home, you still have wiggle room to negotiate in certain markets. Know what conditions could get someone more willing to negotiate and do not be afraid to put up a counteroffer. 

For example, let’s say that someone is looking to sell their house for $1.8 million. You do not want to spend more than $1.6 million. So, what you need to do here is feel out the market and see if it is something that can be priced down. 

However, if you are willing to spend $1.6 million in this situation, you do not want that to be your counteroffer. You need to leave yourself room to negotiate or maybe even get a surprise deal and spend less than anticipated. 

So, say you countered with an offer of $1.5 million. In this situation, the seller may counter you back and show you that they are willing to lower the price of the home. Then, you can go from there and work out a number that you both can agree to. 

There are pros and cons to this situation. The pro is that you are probably going to have to compete with fewer buyers since only a small percentage of the population has this kind of money. 

In the United States, there are about 22 million millionaires across the country. That is less than 10% of the population and that represents the entire country. Essentially, you have much fewer people with access to this home. 

The con is that your competition may have enough money where they see no reason they need to negotiate. 

Prepare for Cash Offers 

Do you know how a lot of people buy a mortgage in the United States? Well, when it comes to luxury homes, it is very unlikely that buyers are going to need to finance this type of home. 

A lot of people buying these types of homes already have the capital to pay for them. This is because it is a want rather than a need. 

What does that mean for you? It means that you need to prepare to have an offer in cash. This is why it is essential to make sure that you have the money to buy a house because, with these types of houses, you have an increased chance of losing the bid if you need financing. 

However, while that is typically the rule, do not think that it is gospel. It is possible to buy a luxury home with financing, especially if the seller meets certain criteria. 

Times when you may be able to do this are if the seller has no other buyers interested, no other buyer is making a high enough cash offer, or the seller simply wants to get rid of the house as quickly as possible. If your seller meets any of that criteria, they may be more willing to accept an offer on finance. 

However, knowing what the typical rule is for this market, try to make sure that you can make a cash offer if you have to. 

Photos Aren’t Everything 

Finally, you may look at a luxury home online and fall in love with it before you even see it for yourself. Try not to do this because professional photographers are very talented at what they do. 

This is not to insult them but rather to tell you that homes can look better than what they are through photos. Photographers can edit any negative imagery out of photos, they can take photos at certain angles to make the house look better, and you have more of a scripted setting in photos. 

What this means is that your eyes can play tricks on you and a house in real life may not turn out to be what it seems. So, keep an open mind until you see the house for yourself. 

Buy a Luxury Home in Paradise Valley, AZ 

These are just a few things that you should keep in mind when attempting to buy a luxury home in Paradise Valley, AZ. Keep in mind the average income and demographic of this area set a strict budget, and figure out what you want in a home. 

Do you want to buy a house? Message us today to get started. 

There’s a reason why nearly 250,000 people live in Scottsdale, AZ. This reasonably small community has always been a bit of a gem in the state of Arizona.

However, each year more people are discovering the beauty that it holds. If you’re considering moving to Arizona, there are a lot of reasons why you should consider Scottsdale.

In this article, we’ll go over fourteen compelling arguments for settling in this area. That way, you can decide whether Scottsdale, Arizona, is suitable for you and your family. Let’s get started!

1. Excellent Downtown Scene

An influx of new condos and urban apartments from a bustling economy has helped contribute to the vibrant downtown in Scottsdale. Those looking for exciting nightlife won’t be disappointed by the downtown offerings.

There are also a huge array of dining, art installations, and shopping options.

So, couples looking to enjoy an occasional day or night out will have no problem finding options.

Make sure to check out the Scottsdale Center for the Performing Arts to see the beautiful fountains. There are also some great restaurants found nearby. 

2. Abundant Sunshine

This fact is certainly true for almost all of Arizona. But it should come as no surprise that there is no shortage of sunshine in Scottsdale.

This makes it a great location for people that suffer from Seasonal Affective Disorder. Even in the winter, there are still warm and sunny days. So you can plan outdoor activities year-round.

Plus, all of the sun makes Scottsdale a great location for solar energy. If you’re considering installing a system on your new home, you’ll be sure to get your money’s worth here.

It’s true that the weather can sometimes get above one hundred degrees. But remember that it’s a dry heat, so it’s not as uncomfortable as it would be in more humid areas. 

3. Affordable Housing Market

When you compare housing prices in areas like Scottsdale to places in California, the difference is astronomical. It’s much more affordable to settle in an area like Scottsdale than in major urban cities.

That means you can get a bigger bang for your buck. In California, you might be able to buy a modest house. But, for that same price, you can have a luxury house in Scottsdale.

What’s more, Arizona enjoys lower taxes both for income and property. So, you can actually save money every year by living in Scottsdale. 

4. Great For Young Families

If you’re one of the forty million Americans that move every year, then your family is likely at the forefront of your mind. So, is Scottsdale a good place for families?

In the past, the city had a bit of a reputation as a good place for retirees. However, that’s rapidly changing. These days many young people are choosing to start families in Scottsdale and for a good reason.

First, the schools in Scottsdale are incredible. And, in-state higher education options like Arizona State University means there are always potential choices down the road.

Plus, there’s plenty for families to do. From local sporting leagues to entertainment options, it certainly won’t be challenging to fill your weekends. So, there is no shortage of reasons to live in Scottdale with your family. 

5. Fun Special Events

Special events in Scottsdale are often popular enough to bring all sorts of folks in from out of town. One example is the Barrett-Jackson Collector Car Auction that comes through every January.

You don’t need to be a car buyer to enjoy the huge range of vintage cars. It’s one of the best car events in the country. Plus, there’s the Phoenix Open for PGA Tour fans.

You don’t need to be a huge gold fan to enjoy the incredible music that’s played at this event.

And that’s not even mentioning the countless cultural and art events that happen every month. In Scottsdale, there’s truly something for everyone. 

6. Booming Art Scene 

There’s a reason why Scottsdale is currently considered one of the top art markets in the country. The rise of the downtown has caused an explosion of art.

Currently, there are more than seventy galleries you can visit, with more on the day. Whether you’re a casual art fan that wants to support a local artist or a serious collector, you shouldn’t have any trouble finding a piece that speaks to you.

If you want to get a taste of some modern art, you can also visit the Scottsdale Museum of Contemporary Art. 

7. Fantastic Golfing

We mentioned that there’s a PGA Tour stop in Scottsdale, so it should come as no surprise that it’s a bit of a golfer’s paradise. The wide open space and the year-round good weather mean you can play every day if you want to.

There are plenty of good clubs to choose from at every budget level. So, whether you want a luxury country club, or something more affordable, you’ll have plenty of options.

And if you’re a beginner, don’t be afraid to get involved. The golf community in the area is quite welcoming. 

8. Outdoor Environment For Exploring

When most people think of living in Arizona, they don’t picture water. But the Scottsdale canals that run through the area prove that wrong. The Indian Bend Wash Greenbelt is a great place to explore them fully.

And, of course, it wouldn’t be Arizona without a desert. The McDowell Sonoran Preserve gives you the opportunity to fully explore all the wildlife in the surrounding area. 

9. Fun Professional Sports

Not a golf fan? Don’t worry; there are plenty of other professional sports to enjoy in the area. If you want to see major league teams warm up before the season starts, you can visit Cactus League Spring Training.

Or, catch a minor league game at the Scottsdale Scorpions’ home stadium. If you’re an NFL fan, then Phoenix is a short drive away to catch the Cardinal’s games.

The same goes for basketball fans that want to catch a Suns game. Back in Scottsdale, you can also enjoy local soccer and hockey teams. 

10. Burgeoning Dining 

The influx of people coming to Scottsdale has helped promote an incredible food scene. In fact, there are currently nearly eight hundred restaurants found in the city.

It will take you a while to explore them all fully. But, if you’re new to Scottsdale and need a recommendation, consider checking out: 

• Eddie V’s Prime Seafood
• Cafe Monarch
• Afternoon Tea
• Goldwater Brewing Co.
• Talavera

All of these locations offer incredible food and drink to enjoy. 

11. Bustling Business Climate

Those looking for job opportunities are sure to find them in Scottsdale. This is true for two reasons. First, there’s the proximity to the local airport, which makes it a good hub.

Second, the tech sector in Scottsdale is growing exponentially.

This is thanks, in part, to a partnership with ASU for the Scottsdale Innovation Center. However, many people consider Scottsdale a more affordable version of Silicon Valley. 

12. World-Class Parks

The Scottsdale Parks and Recreation department goes out of its way to create paths throughout the city for cyclists and walkers alike.

In fact, there are forty-five miles of paved paths and one hundred fifteen miles of trails to explore.

These paths work through multiple parks and lead into the heart of the city. So, no matter where you’re located, it won’t be hard to find one. 

13. Excellent Farmer’s Market

Those looking for organic, local fruits and vegetables are sure to find it at the Old Town Scottsdale Farmers Market. The farmer’s market takes place every Saturday from eight in the morning to one in the afternoon.

During Fall, you can find delicious seasonal offerings like apples and cider. Not to mention all of the delicious cheese, eggs, baked goods, jams, and meats you could ever want.

So, if you’re ready to support over one hundred local farmers, then learn more about the weekly event here. 

14. Safe Area to Live

If you’re worried about crime in Scottsdale, don’t be. The prevalence of suburbs in the areas helps keep crime rates consistently low.

Whether you’re a renter living alone or a family with kids, you can be confident that you’ll be safe at night. This is especially true when compared to urban areas with high crime rates. 

Thinking About Moving to Arizona? Contact Segovia Property Group

We hope this article helped convince your to move to Scottsdale, Arizona. If you’re ready to move to this bustling community, your next step is to find your dream home.

For this, look no further than the Segovia Property Group. We connect our clients to the best luxury homes found in Scottsdale.

That way, you can enjoy this great community in style. So, if you’re thinking about moving to Arizona, make sure to contact us today.