Beverly Hills is well-known for its luxurious feel, with celebrity sightings, high-end shopping, and gorgeous real estate around every corner. As one of the most upscale places to live in the world, Beverly Hills offers a unique opportunity for residents to live an exclusive lifestyle. For those looking to buy a home in Beverly Hills, navigating the real estate market can be a breeze with the right resources. Whether you're a first-time homebuyer or a seasoned investor, this guide will help you find the perfect home in one of the most exclusive neighborhoods in the world.
The Beverly Hills Lifestyle
One of the biggest draws to Beverly Hills is its incredible location. The city sits right at the foothills of the Santa Monica Mountains, providing residents with breathtaking views of the ocean and the LA skyline. Locals often cite the city’s proximity to some of the region's most popular attractions, including Rodeo Drive, the Beverly Hills Hotel, and the Sunset Strip, as the top reasons to live there.
The architecture in Beverly Hills is just as impressive, with beautiful mansions and estates. In addition to its prime location and stunning architecture, Beverly Hills is home to some of the world's best restaurants, shops, and spas. Getting to know the area can be one of the most helpful ways to determine if Beverly Hills is the right place to call home.
Collaborating with a Premier Agent
Working with the right Beverly Hills real estate agent will ensure that the homebuying process goes off without a hitch. Agents at Aston Rose will have extensive knowledge of the Beverly Hills market, providing expert insight into trends for demand, inventory, and pricing. They’ll be able to guide you to the best neighborhoods that fit your needs and offer access to exclusive listings that may be available and off market.
On top of that, expert real estate agents will provide personalized service to each client, taking the time to understand their unique needs and preferences. They’ll bring strong negotiation skills to help you get the best price for your property. You can count on Aston Rose agents to connect you with a network of industry professionals, from lenders to appraisers and home inspectors.
The Exclusive Beverly Hills Community of Homes
If you’re set on exploring Beverly Hills homes for sale, there are a handful of home styles you can expect to see. Beverly Hills single-family homes for sale are the most common type in the city, ranging in size from cozy bungalows to expansive mansions and estates. It’s not uncommon to find single-family homes in all the classic California styles like Spanish Colonial Revival, Mediterranean, contemporary, and traditional.
Of course, many know Beverly Hills for its expansive estates, many of which represent the world's most luxurious and exclusive properties. These homes are typically situated on large lots with beautiful landscaping, gardens, and outdoor features including swimming pools, tennis courts, and guest houses.
Beverly Hills condos for sale are another great option, offering 24-hour concierge services, security, on-site fitness centers, and decadent pools. Some buyers may prefer a new construction property with modern design features and state-of-the-art appliances. These homes are often custom-built to meet the specific needs and preferences of the buyer and offer the latest in luxury living. Finally, some of the more sought-after properties in Beverly Hills are the older homes, which have unique architecture and historical significance.
Beverly Hills Real Estate Market
As you explore Beverly Hills homes for sale, get to know the real estate market as well. In the past year, home prices have risen, but demand remains low. Homes typically sell below asking price and can linger on the market for some time. Beverly Hills’ reputation remains a key component in the yearly increase in home values. Those looking to buy can rest assured that they’re making a strong long-term investment.
Navigating the Buying Process
The homebuying process requires a few key steps to ensure the transaction goes smoothly. After hiring the right Aston Rose real estate agent and narrowing down their preferred neighborhood, buyers should consider taking the following steps.
Securing Your Dream Home: Pre-Approval for a Mortgage
During the home search, it’s essential for buyers to seek preapproval for a loan. This will help you have a clear understanding of your budget and avoid wasting time looking at homes that are outside of your price range. It will also make you more attractive to sellers, as they will know that you have the financing in place to complete the transaction.
Creating a Winning Offer Strategy
Then, as you find the right property, you’ll want to put in a strong offer. Work with your Aston Rose real estate agent to determine a fair offer based on market conditions and recent sales. You may also want to review comparable sales, assess any necessary repairs or renovations, and evaluate any unique features or amenities of the home that may impact its value.
Your offer letter should include the purchase price, any contingencies you may want (such as a home inspection or financing), and your preferred closing timeline. Your Aston Rose real estate agent can help you draft your letter and will submit the finished offer to the seller's agent. From there, the seller will review it and may accept your offer as is, make a counteroffer, or reject it. If your offer is countered, you’ll want to work closely with your agent to negotiate.
Whether it’s adjusting the final price or extending the closing timeline, negotiations require the help of an agent who’s confident and experienced. If your offer is accepted, you’ll move forward with finalizing the deal. This typically involves completing a home inspection, securing your loan, and signing a purchase agreement.
Buying a Beverly Hills home for sale is an exciting step to take. To make sure the process goes as smoothly as possible, work with local real estate agents at Aston Rose. An expert buyer’s agent, Aston Rose can bring you over 100 luxury home listings, plus off-market listings, in Beverly Hills. Get in touch today and learn why so many clients love working with Aston Rose.
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