Buying Incomparable Luxury Barrington Homes - Invest in An Appraisal
Every area in Barrington has luxury homes yet there are some that have prices in the millions of dollars and cannot be compared to comparable sales because there are none. So what can a buyer of one of the incomparable luxury Barrington homes do to make sure they do not over pay for a property?
As your buyers agent I will of course look to see if there are any sales that are comparable and if there are some it might make our offer strategy a little easier. However with only 6 homes sold in the last 12 months over $2 million and nothing over $3 million the chances are we are going to be guessing the worth of these homes.
When buying homes at this level whether cash or finance you need to be sure you are not over-paying. The only way to ensure this is to invest in your own appraisal and make sure your contract states that it is subject to the property appraising at the same amount or more than you are paying.
Because our real estate contracts do not have this information in them and as Realtors we are not allowed to add to a contract, this would be something you would need your attorney to take care of during the attorney and inspection review period.
Contact:
Real Estate in Barrington
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686
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Copyright 2011 Corinne Guest All Rights Reserved * Buying Incomparable Luxury Barrington Homes - Invest in An Appraisal *
Corinne Guest
Realtor & Managing Broker
Royal Advocate Realty, Barrington
Call today 847-363-3686 for real estate and relocation service.
Suburban Real Estate - Lake Zurich, Hawthorn Woods, Kildeer, Long Grove
