Luxury Real Estate Blog

5 Tips for Buying a Luxury Home

Mar 04, 2021 — Sandra Jarock, LIV Sotheby's International Realty

Luxury homes are generally described as those in the top 10% of their market. Luxury homes are usually located in the most optimal areas in a market, are large in size, and built with high-end materials. Luxury homes often have unique design elements and amenities not found in most homes. Want an indoor shooting range, a rock-climbing wall, a ballroom, or a bowling alley? A luxury home might have one of these– or all of them!If you have not purchased in the luxury market before, you should be aware that the process can be very different from buying a standard single-family home. Here are some tips to help you navigate your way through the luxury home market.1) Be patient. Shopping for a luxury home may take longer than average. For one, there are not as many of them, which, of course, is what makes them special. Since many luxury homes have décor or features that are distinctive, quirky or eccentric, finding one that fits your style may take a little while. The closing process may also take longer as there is more to inspect, more to negotiate on, and often special circumstances to be worked out. Make sure you are getting what you want. When you are investing millions of dollars in a home, you want to make sure you don’t settle.2) Know where to look. Luxury homeowners, particularly if they are high-profile people in their area, often don’t want their home pictured on MLS. You may need to network with people in your desired area to find out what homes are being offered. Look online for luxury home sales websites such as luxuryrealestate.com or sothebysrealty.com3) Check for possible planned development. Don’t assume that the lovely pond or wooded park behind the property will always be there. Make sure you know of any development plans that may affect your view, the amenities around the property, and the future resale value. You don’t want to buy a home for its beautiful ocean or mountain views only to find out another property will be built in the way.4) Consult with your financial advisors. Make sure you qualify for the purchase amount you are thinking about. Luxury home sellers will often want to see proof that you qualify to purchase their home before they even allow a showing. If you do get a showing, you will certainly need to have your financial preparations done before you contemplate an offer. Everything is scrutinized more closely in the luxury price range. You should also make yourself aware of all the financing options available to you.5) Work with an experienced luxury home agent. The right agent knows all of these tips and more. We are knowledgeable in the high-end neighborhoods in our market area and understand the intricacies of negotiating and closing on luxury homes. Are you ready to purchase a luxury home? I’m available and ready to help you in your search!

Denver Real Estate Market On Fire, Breaking reco

Jan 21, 2021 — Milena Joy, LIV Sotheby's International Realty

Would you pay $750,000 for this home? Never mind. In the time it just took you to think about that, this home already has 30 showings, 15 offers, and is under contract at $50,000 over asking, with no inspection and an appraisal waiver. Hi, I'm your Realtor Milena Joy. While that home is not actually for sale in Denver, the story made up around it is very much a reality for what's happening in the Denver metro real estate market. Buyer demand continues to be high, as interest rates have hit historic lows, inventory is at an all-time low, and the medium price point for both single family homes and condos are at a record high. It continues to be a hot seller's market, even amid the pandemic, and in some ways, because of it.

Maximalist Style

Nov 07, 2018 — Judy Fahrenkrog, LIV Sotheby's International Realty

Brace yourself or Embrace yourself and the new happening trend of more is more. After a decade of post recession minimalist design styles in fashion, interiors and all things consumed, the new trend is to MAX IT OUT.  This trend has shown up at Fashion Weeks on the International scale with a showing of maxi shoulders and skirt lengths from ready to wear to designer custom.  This trend is sparking new energy in the interior design world as well with florals and brocades, an abundant use of wallpapers and bright color hues.  Let's hope you did not throw away the tassles and tufted pillows because all things big and fluffy and glam are back.

Denver Metro Market Report, Mid-Year 2018

Oct 31, 2018 — Demian Baum, LIV Sotheby's International Realty

The Denver metro area continues to grow and gain prominence in the national spotlight of post-Great Recession rebounds, with impressive price appreciation taking place at mid-year 2018. While the total number of homes sold January through June 2018 saw a slight decrease year-over-year, the increase in the overall total dollar volume sold of 6.7% was due nearly entirely from price increases (up 9.8% year-over-year). New listings to the market remained relatively the same year-over year at mid-year 2018, with the inventory of available listings remaining very low. This is because of seasonal and long-term trends. Part of the long-term, low-inventory problem is the limited number of completed new construction projects. The skilled labor market is incredibly tight, and the construction industry is one of the few sectors of the economy that has not rebounded. This imbalance of supply versus demand has created the rapid gains in value enjoyed by homeowners, but has also made choices and affordability a challenge for buyers. This trend exemplifies the classic, “seller’s market,” with average days on the market seeing a 4.2% decrease, to just 23 days, and a sold-price to list-price ratio of 99.8%.

The New American Dream House

Oct 18, 2018 — Judy Fahrenkrog, LIV Sotheby's International Realty

For all you McMansion lovers, developer-designed architectural disaster divas, bed/bath oversize quantity qualifiers and maximalists in every sense, you do not have the new American Dream House. The next generation aka Next Gen is not looking for the McMansion developer design.  They are minimalists that want and need flexibility and movement.

Bespoke Architecture

Aug 14, 2018 — Judy Fahrenkrog, LIV Sotheby's International Realty

The bespoke architecture and construction of 70 Indigo Way on the premier lot in Castle Pines Village, Colorado is now available for sale.  A collaboration of design by the homeowner and architect that reflect a contemporary aesthetic that blends the organics of the natural beauty of Castle Pines.  

Mile Hi Rankings

Aug 14, 2018 — Judy Fahrenkrog, LIV Sotheby's International Realty

No surprise that Denver takes the number one spot in the USA for the most fit city, but did you know that Denver ranked number 1 as the top metro area for small business employment beating out the likes of Seattle, Houston and Dallas.  We also topped out in the highest increase in skilled labor knocking out Washington DC, Philadelphia, Boston and Portland.  We are the third fastest growing large city and the fourth in the business, careers and working women category.  With the announcements of several large companies relocating to Denver, now is the time to connect with a fourth generation Denverite to buy or sell real estate in this hot market.  

Denver Metro Market Report, Mid-Year 2017

Dec 10, 2017 — Demian Baum, LIV Sotheby's International Realty

Denver’s time in the sun as one of the nation’s most desirable destinations,whether for a job or purely discretionary reasons, continues with no signsof abatement. Although the flow of newcomers has tapered slightly in2017, the real estate market remains robust, and strongly favors sellers. Both newlistings and new sales have increased year-over-year, but the increasein sales (6.1%) is about double the increase in inventory (3.3%). Excessdemand and short supply drive prices higher (average is up 7.9%), andaverage time on the market dropped from 25 to 23 days. Full price offersare the norm with an average list price to sell price ratio of 99.7%.  Denver ranks among the top markets in the nation for price appreciation at 10.85% in the last year.  Overall, the Denver metro market continues to grow, and at just over $11B year-to-date in Total Dollar Volume Sold, is running 14.5% higher than the same time last year.  We’re entering our third year of double-digit increases, and provided that there are no major disruptions to the economy or other unforeseen events,we expect those numbers to continue to rise (coloradorealestatediary.com).

Finally! New Construction in Denver from the $300's

Jul 12, 2017 — Holly Carpenter, LIV Sotheby's International Realty

A new transit and entertainment-oriented development of 136 new homes and townhomes will be built near the S. Broadway retail and restaurant corridor and the Englewood light rail station!  Townhomes from the $300's and Single Family Homes from $400's-First phase will be released later this month.  Call or message me for plans, pricing, to get on our interest list and/or schedule a site tour. Site location is at Yale & S. Broadway - South of Harvard Gulch. 303-589-7449.  Thanks!  - Holly

Hippo Point Kenya

Dec 08, 2016 — Elaine Swomley, LIV Sotheby's International Realty

Last March, Elaine & I were appointed exclusive advisors to assist one of the oldest established British-Kenya  families in exploring strategic options or for the sale of their ancestral estate in Kenya. The estate was originally established by the British Lord Delamere, and his descendants continue to manage the home today. In recent years, the hotel has hosted private groups for families and friends such as the British Royal Family, the Bush family, Steve Jobs and Ralph Lauren, among others.
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