PROGRESS ALWAYS INVOLVES RISK. LET'S MAKE SMARTER MOVES TOGETHER.
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PROGRESS ALWAYS INVOLVES RISK. LET'S MAKE SMARTER MOVES TOGETHER.
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CONCIERGE INVESTMENT SERVICES
The Concierge Investment Service is Luxe Realty Group's premiere service designed exclusively for real estate investors.
We are real estate investors ourselves, so we understand what it takes to create, find, and develop investment opportunities.
Our primary goal is help you find the the best opportunities the market has to offer and create a complete beginning-to-end process that will streamline the transaction to help you save time and money.
WORKING SMARTER
FEATURES & BENEFITS
EFFICIENCY AT ITS CORE
FULL-SERVICE TEAM
You're not only working with experienced real estate agents, you're working with actual investors.
We believe that strength is in numbers. You have access to a fully supportive team that will stand behind you throughout the process.
MARKET RESOURCES
Finding the right investment is key. We open up our resources to you to help find those perfect opportunities.
These are the exact resources that we use ourselves to find investment properties.
STRATEGIC POSITIONING
Strategy, organization, execution, and follow through are the foundations behind the Concierge Investment Services.
We help put you in a position of strength and ensure that you hold leverage throughout the process, ensuring a win for you.
What is the first step for buying a home?
The most important thing to do before you actually go shopping for a home is getting pre-approved.
It's incredibly important to understand how much you can actually afford in order to create a better game plan.
Working with a trusted lender will help create an easier process for you in the long run, as many sellers may require buyers to be pre-approved before seeing the home.
The best place to find a lender is getting recommendations from a trusted real estate professional.
QUESTION 1
Should I sell my home before buying a new one?
Homeowners may have different reasons for selling their home. Maybe they are ready for something new or want to downsize. Other homeowners may just want to expand their portfolio or acquire an investment property.
If you want to put up a high downpayment and secure good interest rates on your next mortgage, selling is encouraged.
If you can afford the downpayment for your new home and want to wait until the market changes, you don’t have to sell your home.
Talk to a real estate agent about your options (or a financial advisor about turning your current home into an investment property.)
QUESTION 2
How much should I save for a down payment?
Aim for a down payment that’s 20% or more of the total home price.
This minimum is partially based on guidelines set by government-sponsored companies like Fannie Mae and Freddie Mac. Anything less than 20% is considered riskier for a lender.
To lessen that risk, lenders make the mortgage more expensive for you by adding things like private mortgage insurance (PMI).
If you haven’t saved 20% after two years of intense saving, it’s okay to lower your goal to 15% or 10%, especially if you’re a first-time home buyer.
But never buy a house with a down payment that’s lower than 10%—otherwise, you’ll be charged so much extra in interest and fees. It’s not worth it! You need that extra money to tackle home maintenance and your other financial goals.
QUESTION 3
What is an earnest money deposit?
Earnest money is put down before closing on a house to show you’re serious about purchasing. It’s also known as a good faith deposit.
When a buyer and seller enter into a purchase agreement, the seller takes the home off the market while the transaction moves through the entire process to closing. If the deal falls through, the seller has to relist the home and start all over again, which could result in a big financial hit.
Earnest money protects the seller if the buyer backs out. It's typically around 1% – 3% of the sale price and is held in an escrow account until the deal is complete. The exact amount depends on what’s customary in your market. If all goes smoothly, the earnest money is applied to the buyer’s down payment or closing costs.
QUESTION 4
INVESTING FOR YOUR FUTURE
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We're here to help answer any questions you have. Looking forward to meeting you!