Get Assistance in Finding Luxury Homes for Sale in Colorado
Colorado offers some of the most picturesque scenery in the country, and it’s one of the most beautiful states to call home. If you’re looking for luxury homes for sale in Colorado, you won’t be disappointed. From downtown Denver lofts to stunning modern log cabins, Colorado offers luxury home buyers a plethora of options.
Buying a luxury property is a big decision and there are many things to consider while touring luxury homes for sale in Colorado. Here at Redhead Luxury Properties, we understand the market, and that buying a luxury home is a process. In this post, we’ll look at what goes into acquiring your luxury Colorado dream home.
Finding the Ideal Luxury Homes for Sale in Colorado
Whether you’re relocating, retiring, or looking for an active adult community, finding the right luxury home in Colorado starts by working with an expert. Much of the luxury property market consists of “off-market” listings. Because these are expensive properties, many sellers take their privacy very seriously. That means it’s important to find a realtor who has the network and connections to find these coveted off-market listings.
You’ve worked hard to get to the point where you can comfortably invest in your luxury home. At Redhead Luxury Properties, owner Cindy Marlowe and her team are always happy to help buyers to understand the luxury markets across Colorado. Here are some tips to help you choose the perfect luxury property!
- Start by Understanding the Online Search Process
Many high-end luxury homes for sale in Colorado are not available on the MLS. However, you can still conduct searches online. When it comes to luxury homes, you want to check with online sources beyond the large search engines. Realtors who are selling these types of properties may limit the larger search engines to keep properties limited to a more discrete class of buyers.
If you find a property online, remember that photos don’t tell its entire story. Large homes are difficult to capture in photos, so you may miss details that can make you fall in love with a property, and when it comes to luxury properties, it really is the small details that can make the difference.
This is where working with a knowledgeable, well-established luxury property agent can really pay off. While the luxury property market in Colorado is large, a well-established agent will often know details about a property that can help you to make the decision to take a tour. If they don’t know the property, they may have a relationship with the agent representing the homeowner. When it comes to luxury homes for sale in Colorado, researching online is a good place to start, but having a well-connected agent like Cindy Marlowe by your side, can get you through the door.
- Have Your Financing in Order
Having your finances in order is a top priority so you can establish a realistic price range. While many luxury home buyers understand the process, if you are moving up, it’s a little different than buying a standard, traditional home. With a luxury property, you’ll typically need to make a down payment in the 20 to 50% range. You’ll also need to factor in additional expenses like closing costs and furnishing the property. This can cost around 33% of the purchase price.
- Do Your Due Diligence!
There is a good chance that you may need several different home inspectors for your Colorado luxury home. Often, the more amenities a property boasts, the higher the likelihood you’ll need specialized inspectors to check it out.
Some types of amenities where it may make sense to hire a specialist include:
- Fountains and ponds
- Exterior fireplaces, kitchens, and water features
- Pools and spas
- Heated floors and driveways
- Central vacuum systems
- Advanced security, surveillance, and technology systems
When buying a luxury property its critically important that everything is properly inspected to be safe, and fully operational. You’re paying top dollar for your home and you don’t want to be faced with the added expense and surprise of having to make costly repairs.
This is another area where having a luxury real estate agent can be helpful. A well-connected realtor familiar with selling high-end properties will have a network of vendors available to help their buyers do their due diligence.
Work with the Right Real Estate Agent
Finding luxury homes for sale in Colorado is a less daunting task when you work with a qualified and experienced agent who understands the luxury home market. Agents who are connected, and know how to navigate the luxury market will know of off-market listings, often before they hit the general market. If you’re interested in a specific property, for example, one that you may have found doing online research, they can help you to determine the market value.
When it comes to luxury properties, determining value can be tricky. Standard properties are often valued using “comps,” or comparable properties, that have recently sold in the area. These are properties that are similar in square footage, amenities, and location. In Colorado, the unique nature of the amenities, styles, and locations of luxury homes available can sometimes make finding comparable properties a challenge. A good agent will understand the idiosyncrasies in the market and can help you to value the properties you’re interested in.
Let Cindy Marlowe and Redhead Luxury Properties Help You
Cindy is an award-winning realtor serving the luxury market in Denver, North Denver, and the surrounding communities of Broomfield, Westminster, Boulder, Erie, Louisville, and Lafayette. She has been featured in O, the Oprah Magazine and in Entrepreneur as a Leading Woman in Business in Denver.
Cindy and her team understand the luxury home market and are excellent negotiators. In fact, Cindy is known in the industry as a relentless negotiator who goes the extra mile for her clients and gets extremely difficult transactions closed.
Her unique legal background helps her understand the complexities of every transaction and her trained team of professionals supports her through every transaction. Whether you’re a first-time luxury home buyer or an experienced investor, her network of vendors and associates can help you navigate every step of the luxury home buying process.
Call Redhead Luxury Properties and connect with Cindy. You’ll discover exactly what luxury can look like and “live” like for you!