I work in luxury real estate. These are the 5 red flags I tell buyers they should never ignore.
Source: Business Insider ·
When helping people buy a luxury home, I always look for red flags like poor location, a high days-on-market number, and low-quality renovations.
From the source
There are a few things people should look out for before buying a luxury home.Wirestock/iStockAs a luxury real-estate agent, I tell buyers that a high price tag doesn't mean a sound investment.A beautiful renovation with signs of low-quality workmanship is an immediate red flag for me.I also pay close attention to a home's location and how long it's been on the market.As a real-estate agent who works with buyers looking for luxury homes, I know how easy it is to get swept up in a beautiful property.But after nearly three years in the industry, I like to remind my clients that a higher price tag doesn't automatically make a house a better investment — or mean there aren't problems hiding beneath the surface.Some of the biggest concerns I notice aren't necessarily the things that stand out during a first showing. They're often in the details — like the quality behind the renovation, the home's location, and its history on the market.These are the five red flags I always recommend my…