What are some things you should expect when you are about to start searching for your luxury property or you are ready to make an offer.

1. You might be asked for proof of funds or a pre-qualification before you can even schedule an appointment. Don't be offended by this, the seller is about to leave their luxury home for someone to walk through and spend some time. The seller wants only qualified buyers. The want to know that the person looking at their home is qualified and not just looking for decorating ideas.

2. You should always submit proof of funds or a pre-qualification when you submit an offer. This always makes your offer much stronger. It gives the seller the security and confidence to negotiate more openly with you.

3. You may be asked for a large amount of earnest money. Earnest money is typically 1-2% of the purchase price. While there is no actual set amount a minimum of 1% is often asked for. For a luxury listing where the buyer is paying cash and just wants their offer to be highly considered, it is advisable to show your commitment by offering a larger amount of earnest money.
When looking at luxury homes, you will want to choose an agent that is experienced and can guide you discreetly.