Longboat Key is a picturesque town in the Sunshine State that stretches along the lovely blue waters of the Gulf of Mexico. It is renowned for having one of the finest real estate markets in Southwest Florida, thanks to its breathtaking white beaches, recreational pastimes, elegant dining, and more. So, if you are looking for an area that will offer you the natural beauty of upscale urban living, you need not look further! But before you make the big move, there are some crucial things you need to know. Read on to learn more.
Patience is a Virtue
The homebuying process is both exciting and complicated. Nonetheless, you should remember that this is a huge investment, and your selection should be well thought out before making any conclusions. With such a luxury housing market, it is easy to jump on the first property with most of what you desire, but with this, you risk buyer’s remorse later.
Even with the surge in demand for homes in Longboat Key, homes remain on the market for roughly 30 days. While this is not an indicator that you should drag yourself through the buying process, you have plenty of time to shop around and find what is best for you.
Photos Do Not Tell the True Story
It is common for luxury home sellers to use high-quality professional photographers to showcase their homes. Unfortunately, these photos do not always provide insight into the property. With their big sizes, it could be difficult to get a true feel of the size of every room.
3D virtual home tours have recently become a popular alternative for homeowners to showcase their properties. However, if you reside near your potential dream home, attending open houses or arranging a personal tour will give you a better idea of what the house is like.
Match your Lifestyle with your Neighborhood
When deciding where to invest in luxury homes for sale in Longboat Key, it is crucial to consider your lifestyle. If you want to be closer to the Longboat resort, the south end would be ideal. Likewise, if you prefer a more peaceful environment, you should inform your real estate agent, as it will help narrow your search.
You should also attend open homes and arrange tours to get a realistic feel of the neighborhood.
Consider the Resale Value
Luxury real estate is a significant investment, so it is important to factor in the resale value of your potential new property. For instance, the higher you are in a luxury condominium or apartment building, the better your resale value. This benefit is attributed to the fact that developers are less likely to construct something that will obstruct your view, which can affect resale value.
Certain amenities are also in higher demand than others. Over the last few years, home offices have become must-haves, pools less of a deal breaker. Furthermore, homes very near the water might not resell well because of climate change effects, but houses further inland, constructed on elevated platforms or stilts, may be more desirable.
Luxury Homes are Listed Differently
For the average real estate market, you can find homes for sale on social media posts or conventional marketing approaches like a front yard sign. However, the process is different with luxury properties. You will hardly find a luxury home with multiple listing services.
You need a knowledgeable real estate agent who can use their contacts and connections to help you find the perfect home. Luxury home sellers often have exclusive open houses and invite-only house tours.
Get in Touch with a Leading Longboat Key Real Estate Agent Today!
Do you want to make your dream of living the island lifestyle a reality? Reach out to Kathy Callahan for help in finding your next home. As a full-time resident and experienced local realtor, Kathy possesses unapparelled insights into the Longboat Key housing market, and will use this to your advantage to help you secure a good bargain. Set up a consultation with Kathy Callahan to begin your home search.
