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Mary Alice Ruppert
Licensed Associate Broker
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Articles Tagged "Luxury homes"

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What Goes Up - Goes Up Further | A Letter from our London Office

Nick Churton of Coach Realtor's London office looks to a genius to make some sense of the current international real estate market and offer some pointers for the future.

What Isaac Newton, who formulated the laws of gravity in the middle of the 17th century, would have made of the current gravity-defying real estate market is anyone's guess. But, no doubt, like most people he would have been flummoxed.

Even a genius like Newton, who worked from home during the plague of 1665/66, would have had difficulty making any sense of this market. Despite a global killer pandemic, tens of millions of people out of work, nations in lockdown, travel halted and national treasuries handing out trillions in support of businesses, jobs and mortgages, the real estate market booms. It should, by any calculation, have plummeted like an apple from a tree. Instead, the market didn't fall; it held itself in suspended animation for a while before surging upwards.

By any estimation the market should at least have mirrored the slowdown experienced after the great recession of 2008. But from the Antipodes to the Americas, and from Europe to the Far East, residential property prices in many countries are soaring. According to the Organization for Economic Cooperation and Development (OECD), it's the fastest year-on- year growth in the past two decades.

But perhaps we can learn something from Newton, whose third law stated that to every action there is an equal and opposite reaction.

Covid made homeowners and homebuyers react by moving from cities and buying larger homes in less crowded areas where they could work from home. At the same time interest rate cuts kept mortgage repayments manageable and vaccines have generated confidence.

It wasn't long ago that real estate professionals were preparing for the worst. Now the market, which is experiencing low inventory levels, is seeing increasing values with selling prices often well exceeding their asking prices.

Whilst most pandemic market activity has been in domestic markets, the international market has also been defying gravity. Despite travel restrictions, international buyers have been buying property sight unseen. Many homebuyers have been re-evaluating their lives or bringing forward plans to buy an overseas bolthole or permanent home. But this is just the tip of the iceberg; once travel opens up the signs are that there will be a super-surge of demand and activity from international buyers.

Growing numbers of sight-unseen global sales, ultra-competitive bidding on most listings and incidence of gazumping are all sure signs of a property market in boom mode. But let's give Newton the last word in trying to make sense of what is going on. He said, "I can calculate the motion of heavenly bodies, but not the madness of people".


An Insider's Guide to Buying a Home in the Hamptons

Buying a Home in the Hamptons
Are you daydreaming about living in the Hamptons? Visions of picture-perfect properties, unique restaurants, and a haven for fun are probably dancing in your head. For lucky locals who already call the Hamptons home, their community is this and so much more.  Our REALTORS® want to introduct you to some of the best-kept secrets about the Hamptons with this insider's guide.

  • Engage with a Thriving Art Community
    From large-scale to intimate and understated, the East End communities are full of art centers, museums, and resident artists. The Parrish art museum in Water Mill has been a part of Southampton since 1897, and Bridgehampton's Dan Flavin Institute has been a favorite in the area for over two decades.

    Hampton Beaches
  • Beat the Crowded Beaches
    During the summer months, when tourists and renters flock to the Hamptons, public beaches are crowded. If seclusion and quiet are what you're looking for, our real estate agents will help you find a perfect beachfront home that you'll love year-round.

    Hamptons Restaurant
  • Live a Foodie's Dream
    Farms are the traditional natural resource of the Hamptons, offering locals the opportunity to enjoy plenty of fresh-grown produce as part of their daily meals. You'll also find fresh seafood shacks, an array of local wineries, and delicious farm-to-table restaurants. Living in the Hamptons means there's never a shortage of delicious cuisine.

    Hamptons Shopping
  • Enjoy Some Savvy Shopping
    The Hamptons is home to plenty of upscale boutiques and quaint locations where you can find everything from everyday essentials to bikinis and fashionable work-wear.

    In addition to the mainstays, new locations pop up every summer, so you'll always be surprised with new shopping options. Until you're officially a "local," you'll want to ask around, so you don't miss out on any of the best shopping opportunities.

  • Get Your Fitness On
    Many Hamptons locals venture out from their homes to partake in fun fitness classes. Check out local cycle or spinning classes, yoga instruction with world-famous instructors like Rodney Yee, or "yoga in the vines" at your favorite local winery.

  • Perfect Your Swing with Top-Notch Golf
    If you're a golf lover, you'll appreciate the variety of top-notch courses to play in the Hamptons. Some of the most popular options include:

    • Shinnecock - known as the hardest golf course in the Hamptons
    • Maidstone - deemed the hardest short course in America
    • Peconic Bay - designed by Jack Nicklaus and Tom Doak
    • Friar's Head – a links-style 18- hole course loved by locals and tourists alike

The Hamptons always provide something fun to do in and around the area. After you learn to live like a local, you'll never want to leave.

Are you ready to become a Hamptons insider? At Coach REALTORS®, our agents have the knowledge and experience to help you find your perfect Hamptons property. Contact us today to learn more.


10 Insider Secrets for Buying a Luxury Home

Long Island Luxury Living
The word "luxury" means something different to everybody. It could be an estate in the Hamptons or a loft in Manhattan. It's important to remember that luxury is subjective, but there is one constant--the process of buying a luxury home is a bit different from a typical home search. Whatever your definition of luxury may be, our luxury home REALTORS® offer these tips before buying your Long Island dream home.

  1. Understand the Search Process
    In many cases, luxury homes are unlisted. This is to protect a seller's privacy, and these properties are often found through your real estate agent's personal connections rather than typical real estate listing websites and publications.
  2. Depend on a Local Expert
    Having a great buyer's representative who is familiar with local communities is essential when it comes to buying a luxury home.  Look for a local REALTOR® with experience in luxury markets, a knowledge of the local markets, and a complete understanding of all the financial implications involved.
  3. Look Beyond the Photos
    You've heard "Don't judge a book by its cover."  When it comes to buying a home, don't judge a home by its listing photographs.  Often times, large homes don't photograph well.  Seeing a home in person is often the only way to truly appreciate it. Google Maps is also a great tool to explore the property and the surrounding area.
  4. Use a Lender With Which You Have a Relationship
    It makes the buying process much easier by working with a lender with which you already have a relationship and understands your portfolio. 
  5. Document Everything
    Financial documentation is critical for buying any house, but all the more so when buying a luxury home.  There is so much more scrutiny in the high-end real estate market today. Make sure you have proof of funds ready to submit with your offer, whether you're getting a loan or paying with cash.
  6. Don't Neglect Title Insurance
    Title insurance is important because it means that you'll be insured against any unforeseen problems, and choosing the right title company makes all the difference. Ideally, it should be a company that is local, but well-known.
  7. Hire Advisers You Can Trust
    You need someone who has experience, connections, and expertise, but above all, you need someone who is trustworthy and has your best interests in mind. Look for an agent who will make skilled and thoughtful suggestions.
  8. Consider New Construction
    If you find a luxury home that you love, remember to mind your surroundings. Find out if any construction is planned around you, and if so, how it will influence your property's value and your enjoyment of your home.
  9. Don't Skip the Inspection
    A skilled, detail-oriented inspector is important no matter what home you're planning to buy. But it's even more crucial for a luxury home. You need a professional inspector who understands all the special needs that come with a luxury home. This can potentially save you from sinking huge amounts of money into a property with unseen defects.
  10. Remember That You Can Negotiate
    Luxury homes command a particular price for various reasons--the view, the surroundings, the amenities, or any of countless individual points--but that doesn't mean the price is set in stone. Ask your REALTOR® to research comparable properties that have recently sold nearby before you make an offer.  If it turns out that the home you're considering is overpriced, don't be shy about negotiating.

Contact our real estate experts at Coach Realtors to learn more about purchasing one of Long Island's luxury properties. Our team is here to help you every step of the way!

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/18/2022. The listing information on this page last changed on 05/18/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of OneKey MLS (last updated Wed 05/18/2022 7:35:19 PM EST). Real estate listings held by brokerage firms other than Coach Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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Agency License Information: New York State Real Estate Broker Principal Office Licenses Numbers: 109920686, 109920688, 109920690

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