Investment Property: This refers to real estate property that is purchased with the intention of generating income or profit. It can include residential rental properties, commercial buildings, or land that can be developed for future sale or rental. These purchases can include a much more in depth and detailed purchase, due to local permitting laws, environmental considerations, and accurate cost estimating. If you are seeking to purchase property for investment purposes contact us. We have, and still do, own long term and short term rental properties in New England and in South Carolina. 

Commercial Property: This refers to real estate properties that are used for business purposes, such as office buildings, retail stores, warehouses, or industrial facilities. These properties are typically owned or leased by businesses for their operations or as an investment. Selling or purchasing commercial property can have many levels and span the spectrum depending on the complexity. 

Luxury Homes: You’ve scanned the real estate magazines, scoured the listings pics, watched all the residential real estate shows. And still, you’re not sure what counts as luxury real estate, exactly. Is it a property priced at $1 million-plus? A home with more than 3,500 square feet? A mansion made of marble and exotic woods with hand-blown glass windows and a diamond-paved driveway?

Mostly, it’s the money: Sales price is the main determinant of a luxury property. But there’s no one number. If you want a price tag, luxury properties according to some in real estate, typically cost over $2 million.

But some shy away from figures, preferring percentages: i.e., luxury properties are the top 10 percent of the listed homes in any given market. For example, some real estate companies require each of its listings to be twice the average sold price of local properties.

Luxury properties are high-end residential properties that offer exceptional quality, features, and amenities. Luxury homes often feature luxurious finishes, high-end appliances, spacious layouts, and extensive landscaping. They are typically located in desirable neighborhoods or exclusive communities. The Dolloff Team is experienced in the buying and selling of luxury homes. 

Here is one of the most important things to remember when buying or selling a luxury home. Hire an EXPERIENCED agent, and ignore the "luxury" label on their business card. Some agents can get "certified" as luxury and have 1 year in real estate. Experience matters.