The news has been bombarded with negative stories about the real estate market over the past few years, but the tides are turning and inventory is now lower than ever. There are still many opportunities for buyers as prices still remain low. For savvy homebuyers looking to buy in the high-end or luxury marketplace there is tremendous opportunity.

If you’ve always dreamed about buying a luxury property but considered it just out of reach, today’s market may has put downward pressure on the prices of higher-end homes making them more affordable than ever. To buy your dream home you will want to have a strategy.

1. Choose your agent wisely.

Your agent is your advocate. You will need an agent who is experienced and successful in the luxury home market. Agents who deal in luxury property have the right knowledge to help you locate and negotiate an offer on a high-end home.

2. Take the time necessary.

The high-end home search may take more time and patience. The supply of luxury homes may be smaller, you may even need to expand your search or rely or your agent to find homes that may not be currently up for sale. The home will be bigger, have more features and thus there will be more to consider in the purchase decision.

3. Prepare the perfect offer.

Cash is king in today’s market. According to the May 2011 REALTORS® Confidence Index from the National Association of REALTORS®, 30 percent of all purchases between mid-April and mid-May of last year were financed with cash. The number was even higher for luxury properties.

Even though many luxury sellers may also be in a distressed property situation they are typically more particular about who was buying their property as well as the final selling price. Use your agent to carefully craft the perfect offer.

Water damage can ruin a home. Water can be one of the most damaging things to a home and if your home is the victim of water damage you must tackle it right away. Serious health risks can be associated with water damage like mold, mildew, and bacteria growth.

If your home has water damage the first thing to do is to get it dry! This may seem obvious, but drying the area out needs to happen as quickly as possible. Not only do you need to dry out the surface or what you can see you have to get deeper. It may seem like your home is dry but damage can happen in walls, wood, carpet and furniture. Insufficient drying can lead to mold and mildew growth, and harmful bacteria. In extreme cases there can be structural damage to the home.

The best thing you can do is to call a licensed water damage restoration specialist to evaluate the damage. Professionals have access to the tools and technology to dry out your home and prevent harmful fungi and bacteria from growing.

Professionals will typically use dehumidifiers, air purifiers, blowers, fans, and special floor driers and cleaners. If the damage is extreme it may require wall driers, sanitizers, and mold and mildew remediation techniques. In this case call the professionals because it is better safe than sorry.

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