The market for Scottsdale luxury homes is holding strong right now, despite the current condition of the American economy. Many people are shopping around for Scottsdale luxury real estate, but there are several things all potential homebuyers should consider before signing on the dotted line. Here is the Top 5 list:

1.  Work with a (local!) expert. The Scottsdale luxury real estate market is a unique one, and you should definitely work with a Realtor who knows the ins and outs of the area. Many high-end properties only get “listed” via word-of-mouth, so knowing the right people could help get you into the best place possible.

2.  Although picture may be worth 1,000 words, a snapshot doesn’t tell the whole story. Many Scottsdale luxury homes aren’t very photogenic, despite being supremely impressive in person. Go beyond simple photos and physically visit the homes with a Realtor – it may take some additional time and effort, but finding your dream home is worth it!

3.  Document everything. This probably goes without saying, but keep every piece of paperwork that you get – you never know when it may come in handy!

4.  Research, research, research! From Homeowner’s Association rules to condo fees, some Scottsdale luxury homes come with hidden strings attached. Before buying, make sure you know all of the rules and fees associated with living in the houses you consider purchasing.

5.  Don’t be afraid to negotiate. While some areas of the Scottsdale luxury home market have done a pretty good job of holding their values through the housing crisis, there are still areas of Scottsdale where there is a lot of room to negotiate a lower price. You’ll never know if you don’t try, and playing a little hardball could save you tens of thousands of dollars (and in some cases hundreds of thousands of dollars!) off of the list price of the home. Hire the right Realtor who knows the marketplace, and can get you the best price for your new home.