Luxury Home Buyers Finds That Luxury Homes Are Taking Too Long To Sell

Luxury homes that are listed by real estate agents on the MLS are taking an average of 231 days or 8 months before selling. The financial and emotional loss to a home seller is staggering considering the costs associated with holding the home. Luxury Home Buyers is a company that buys and sells luxury homes. Any luxury home owner that needs to sell fast should visit their website and sign up. End Quote

New York, NY (1888PressRelease) January 09, 2012 - The Institute for Luxury Home Marketing (ILHM) reported this week that luxury homes are now staying on the market for an average of 231 days on market (DOM). This is a good estimate of how long a luxury home or mansion is going to spend on the market before it is finally sold by a real estate agent.

A homeowner thinking of selling a luxury home should be aware that they will not be able to sell their property for eight months on the average. This has its financial, emotional, mental and physical implications on the home seller and it is in the interest of the seller to be aware of what this extended period on the market translates into. Every home seller is different and their reason for selling their property is always different.

The financial aspect is usually a major player in a decision to sell a house. Even after a multi-million dollar luxury property is listed for sale with a real estate agent the owner continues with the monthly expenses of holding onto the property such as mortgage payments, homeowner's insurance, property taxes, utilities and maintenance costs. Mortgage payments are most likely in the tens of thousands per month and property taxes are in thousands.

If the property is going to stay on the market for eight months before it is sold it means the owner has to factor in a minimum of one to two hundred thousand dollars in holding costs. This is a significant financial loss that could put the seller at a higher risk. It is even worse today when the home prices in most areas are on a downward trend and it is becoming commonplace for a seller to write a check to pay the agent at closing because there is not much equity in the property.

Most sellers of luxury homes are relocating and therefore need a more effective and satisfying way to sell their property over the slow, passive real estate activities in this market right now. When a luxury property takes too long on the market its perceived value is damaged.

For those sellers who need to sell their properties quickly there is an alternative way to the traditional listing approach. Luxury Home Buyers is an affiliate of the Luxury Homes Group a Las Vegas based national organization that focuses on buying and selling luxury homes and mansions nationally and internationally. "We buy them fair and we sell them fair", says John Muritu, Luxury Home Buyers president. "Our goal is to offer our luxury real estate clients the absolute best".

"Once we come to terms we tap into our virtually unlimited private funds that enable us to close the deal in 30 to 90 days. We have a huge database of local, national and international buyers in our database that are looking for good opportunities to buy a nice luxury home. Most of our buyers are transferred executives who are relocating nationally and internationally. They are qualified, ready and willing to make a purchase ", adds John Muritu.

Any luxury home owner that wants to move on fast and sell their properties quickly, easily and hassle-free should visit the website
http://rw684.realinvestorwebsite.com to learn more and submit a request.

John Muritu
Luxury Home Buyers
647.547.1957
http://rw684.realinvestorwebsite.com

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