Who Is Purchasing Greenville Luxury Homes?

Who Is Purchasing Greenville Luxury Homes?

Luxury real estate is always on the top of every buyers list when they have the sufficient amount of income to own that dream home they have always pictured owning. Every young adult dreams of one day owning the American Dream and having that large Greenville home to have their family and friends over for the weekend, show off to all of their neighbors and friends and live the life of luxury. From these recent surveys, we now have a little bit better of an understanding as to who is looking to purchase this property after all.

The biggest statistics that stands out to us is that 13% of those surveyed stated that they were actively looking. To get a sample size in which 15-20% of those surveyed say they are actively looking for a home is hard enough, but in this case 13% stated that they were in fact searching for a Luxury Greenville home. What’s even more impressive is that over 1/4th of the surveyed participants went on to say that they might purchase a luxury home. Now obviously a luxury home is just an adjective to describe a very highly priced property that is listed well over the average property value of the normal home in the United States. When we think of Luxury properties, we tend to think of the $500,000+ range. Now when you think of that number and look at the statistics, these percentages become even more eye opening.

The pie chart does state that resale value is quite important and we can agree that 63% of those surveyed had this correct. The last thing that you want in your life is a highly priced Greenville Luxury Home that you will not be able to get your return on. After 2008 occurred, it is quite obvious that resale value should always be in the back of every purchase you make. These homes are meant to be enjoyed but mainly to produce equity. They are investments and every homeowner wants to get at least what they put in the property back in their bank account when they look to resale it, if not even more.

Purchasing a Greenville luxury property is a big step though. The alarming part in this data is that the highest percentage number of those that are starting to search for properties are due to recent career success. We always state that you should always be cautious with any purchase, especially if it is from a whim. The more you work for the property the better it will be, but the last thing you want after purchasing a home like this is a short sale or foreclosure. Make sure that you can afford the mortgage payments and plan for these high increases.

Overall though, the Greenville Real Estate Market is getting hotter, which only means that the luxury market is rising as well. Based off of these statistics we can easily notice that home owners are looking to upgrade their current properties as the prices continue to rise. Increase your home equity is  smart move on every home owners part, and with a Luxury Home that can help increase your net worth that much more.