May 5, 2015 Lydia Gable

Try and Buy – New Trend in Home Buying?

LYDIAPIC‘Fly and Buy’

The home buying process hasn’t changed in many years – find a home, make an offer, close. But according to a recent article in the Wall Street Journal, some people are doing a sort of test drive of the neighborhood before purchasing a home. Some realtors are even adding this type of incentive into their business. According to the WSJ feature, while it is still rare in most areas for buyers to request a test drive of a home or community before buying, it is becoming more prevalent in some luxury markets. And says the article:

Toll Brothers, one of the country’s largest home builders, has a Fly and Buy program for buyers who want to travel to a new town to check it out. Travel costs can then be put toward a purchase contract.

While in some areas the trend is growing, especially with motivated sellers, many real estate agents disagree with a ‘try and buy’ approach. Says Kimberly Dixon, a Houston based real estate agent, “it clouds judgment.” In an article titled Test Drive Your Home on HSH.com, Dixon weighs in on the new fad in home buying:

For the most part, the client will likely make more emotional decisions and pick apart a property’s minor attributes, while overlooking major value — such as a good price. It is my opinion that a logical and economic approach is the best way to undertake such large personal investments.

I agree with Dixon for the most part, but mainly because the area where I live and sell homes, Westlake Village, CA, is already an undisputed, highly sought-after location known for its luxury resort lifestyle, warm West Coast temperatures and top school rankings. Unless you are moving from another state, Westlake Village and its surrounding community is lucky enough to have its reputation precede most buyers’ interest. Quite frankly, I’m listing and closing, in some cases, faster than you can say, “Make an offer.”

Westlake Village – A Nice Place to Work, Live and Play…

If you’re in the Southern California area and thinking of making a home purchase in the near future, check out Westlake Village in the Conejo Valley. Spend a day hiking at Triunfo Creek Park in its 600 acres of trails, or visit Sherwood Country Club and its famed golf course at the base of the Santa Monica Mountains. Have dinner at one of the beautiful restaurants at the Promenade after a full day of shopping at the most exclusive shops in the area. If I can suggest any kind of “test drive”, I’d day, take a drive from Westlake Village to Malibu or into the city of Los Angeles, and experience for yourself, if you were to move to the area, how close you would be to everything while still enjoying a vacation resort quality of life. For that matter, I suggest you take the day and do all of these things just because – even you aren’t moving to Westlake Village – it’s the nicest place in the nation to work, live and play – if I do say so myself.

For more on home listings in Conejo Calley, contact Lydia Gable today for an appointment.

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