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Luxury Home Guide

Welcome to our resource for luxury and upscale home buyers for the Denver Metro area. If this is your first luxury home purchase, you’ll quickly learn how the process differs from that of purchasing lower priced real estate. From determining how much to offer through the close of escrow, the luxury home purchase is more time consuming and requires much more due diligence than when purchasing in the lower price ranges.

Whether you dream of purchasing a Tuscan-style Italian villa, a French chateau or an English manor house, you’ll find the devil is in far more of the details than just the home’s architecture. Here are tips to keep in mind when purchasing luxury property.

10 Tips from top Luxury Selling Agents-

1. Learn the search process.
"Many luxury homes go unlisted to protect a seller's privacy. These properties are often found through the Realtor's personal connections as opposed to the MLS." Virginia Cook, Virginia Cook Realtors, Dallas
"You may need to go to more online sources as not everything is on the large search engines." Ronald Phipps, Phipps Realty, Warwick, R.I.

2. Go beyond the photos.
"Make sure you don't dismiss properties based on their front elevation photos. Many large homes aren't photogenic that way and you have to see them in person to appreciate. I recommend my clients do a search of the property and vicinity on Google Earth so you can see what's around the home." Ronald Phipps, Phipps Realty, Warwick, R.I.

3. Work with a local expert.
"It's critical to have an Agent who is familiar with the area you want to buy in. There's a bit more control on access to high-end properties in terms of fewer open houses and more appointments have to be made to see them." Elizabeth Blakeslee, Coldwell Banker Residential Brokerage, Washington, D.C.

4. Bank on your relationships.
"I strongly recommend you go to the bank you have a relationship with. They have your portfolio already. Also, know the difference between the pre-approval letter and the pre-qualification letter." Nancy Suvarnamani, Century 21 SGR Inc., Chicago

5. Document everything.
"There is more scrutiny today in the high-end market. Financial documentation is critical. Anyone who is making a lot of money has a manager or an accountant and tries hard to shelter their money so it can be difficult to show the bank you have the income." Steve Goddard, RE/MAX Beach Cities Realty, Manhattan Beach, Calif.

6. Hire smart, reliable advisers.
"A good Realtor won't make the client's decisions but will make suggestions. Pay attention to your financial planner and Realtor that you trust. They should agree on what you should be doing and if they don't, arrange a meeting." David Boyer, Jack Woodcock Team, Las Vegas

7. Don't forget about title insurance.
"You need to get title insurance so you'll be insured against any problems that were forgotten about. You want to make sure you have a chance to have a look at the exceptions page of the title insurance process before closing time." Moe Veissi, Veissi & Associates, Miami

8. Look into the future.
"Make sure you know what building is planned around you. What happens if someone pushes the bar and builds another building even taller?"
"Know the timeline. You don't want to tie your cash up for a long period of time if there are any kinds of construction delays." Alexander Chaparro, @properties, Chicago

9. Know what to expect with cooperatives and condominiums.
"For Co-ops and Condos you want to be represented by an attorney who will research the building on its financial viability." Klara Madlin, Klara Madlin Real Estate, New York City

10. There's room to negotiate.
"It's individual points, the view or remodeling that makes these properties one of a kind and makes them able to command a particular price. Have your agent research the comparable properties that have recently sold, getting closing prices, right before you make an offer.
" Fanny Y. Chu, Prudential California Realty, San Francisco
Please feel free to return to this site as often as you need and, if there is any other specific information we can help you with, please let us know - we would love to be of service! If you are thinking of moving to the Denver area and would like a copy of our wonderful Metro Denver Relocation and Newcomer's Guide, just click on the word link and a request form will appear.
Feel free to call us toll free at 800-355-2696, ext. 299 if you would like to speak with us in person.

One other service we would like to make available to you is our free Luxury HomeBuyer's Advantage program which includes up-to-date lists of properties that fit your needs and, if you would like, will provide automatic e-mail alerts when homes new to the market that fit your needs become available. It's a great and easy way to get to know the market in the Denver area and will help you beat the other buyers by being first to see what may be the home you've been searching for when it comes on the market!
We hope you will take advantage of our concierge like service when you are needing information on the fun things to do in Denver, the best places to eat and the places to be in Denver.

We look forward to serving you in the future!