Off The MRKT

Your guide to New York real estate and more

Off The MRKT - Where New York's, Real Estate, Life Style, and Culture Converge

  • Real Estate
    • New York
    • Hamptons
    • Connecticut
    • Philadelphia
    • Florida
    • Submit Your Open House
  • Food & Wine
    • Wine and Spirits
    • Where To Drink and Eat
  • Events
    • Events Gallery
    • Submit an event
    • Calendar Listings
  • The Look
    • Travel
    • Health and Beauty
    • Fashion
    • Lifestyle Guide
  • About
AdobeStock_233594258.jpeg

Reasons Why You Should Work With Real Estate Agents When Looking For Luxury Properties

September 02, 2020 by Jeremy Lindy

Most everyday purchases you make are simple and easy, right? You pick out your items, go to the register and swipe your card. You put some things in your Amazon cart, you go to checkout, and somehow it magically arrives 2 days later even though it was just in California. Simple, stuff, yeah? You can move up the ladder of purchase complexity to things like cars and other vehicles, but eventually you get to, you guessed it, real estate. 

Searching for a new home is a stressful enough activity as it is, and the stress can rise in unison with the price as well. Many novice real estate investors and homeowners alike tend to assume that purchasing, or even selling, a home is as straightforward as buying a car or some milk. This is often done mistakenly so, and although someone with experience in real estate transactions may handle it with ease, for most clients...it’s just not their cup of tea when it comes down to it.

The case is no different when it comes to purchasing luxury homes specifically. In fact, it’s likely to be even more emphasized in this case. The legal documentation, negotiating, fees, access to the MLS, familiarity with the inspection process, knowledge of red flags, and even just knowing potential sellers or buyers in the industry can go a long way in making the process smooth. If you’re in the Vancouver area and looking for a property, utilising a real estate agent like Ron Parpara is a great starting point to buying a luxury home. 

Reasons To Work With A Real Estate Agent 

  1. Help You Understand Cost and Paperwork

Buying a luxury property is different from your typical home in several respects, the first and most important obviously being price. A luxury home is that which, by definition, is valued within the top 10% of local property valuations within your area. Because of this price increase, you’re dealing with increased fees for everything. You’ll likely need to consider paying for an appraisal yourself if the owner assumes any prospective buyers are affluent enough to do so, and it may even be a second home to someone not living on the property. If this is the case you’ll want a quality agent to guide you through this process.

Another aspect of an increased listing price is an increase in taxes, document fees, lawyer fees, agency cut, and ultimately closing costs as a whole. A good real estate agent by your side can help work through all of this complex paperwork with you while breaking down the costs and likely saving you a few dollars along the way. 

2. Help You Through Unexpected Hidden Problems 

The bigger the home, the more area to inspect. The more area to inspect, the more potential problems to be found. This case is especially important when purchasing older luxury homes. Homes may have outdated finishes and visible aesthetics sure, but what’s most important is what you can’t see. Your home may be out of compliance with local codes as well depending on who installed what, where, and when the last inspection was done. 

Because of this, an untold amount of complications can arise that stall the buying process for you, and may even devalue the home as well. Your agent though, will be familiar with these situations and know in what order to prioritize things, as well as pursue any reasonable price differences that may need to be accounted for as a result of any work needing to be done. 

Helps You Save Time

And let’s not forget, if you’re buying a luxury home, it may be safe to assume you’re not someone with time on your hands. You’re buying luxury for a reason, and you’ve got places to be besides the negotiation table or talking with contractors. Working with a real estate agent can help save you time as they’ll do most of the leg work for you. This is especially good for those who are running a business or who are out of town for lengthy periods of time. 

Conclusion 

All in all, preparing your search process with a properly equipped real estate agent from a reputable agency can bolster your chances of striking a great deal on a luxury home you can love for years. When making an investment this big, would you really want to take any more extra risk that could be easily dissolved? No, not really so why risk it? Are you ready to buy your next luxury property? 


Featured
Medsker_TheFulton_305.jpg
Aug 4, 2025
Shuck Yeah: Where to Celebrate National Oyster Day in NYC This Year
Aug 4, 2025
Aug 4, 2025
unsplash-image-guy5aS3GvgA.jpg
Aug 4, 2025
Welcome to the City of Brotherly Luxe: Introducing Off The MRKT’s Philadelphia Page
Aug 4, 2025
Aug 4, 2025
Top Hamptons Beaches to Visit This Summer
Aug 4, 2025
Top Hamptons Beaches to Visit This Summer
Aug 4, 2025
Aug 4, 2025
1133_Park_Ave_12W_1.jpg
Aug 4, 2025
The Prewar Dream, Reimagined: A Smarter Way to Finance Fixer-Uppers
Aug 4, 2025
Aug 4, 2025
Outdoor Dining Guide for the Hamptons Summer
Jul 31, 2025
Outdoor Dining Guide for the Hamptons Summer
Jul 31, 2025
Jul 31, 2025
Screenshot of offthemrkt.com - Travelling Through NYC For Business.docx - Google Docs (2).jpg
Jul 30, 2025
The Best Ways of Traveling Through NYC for Business
Jul 30, 2025
Jul 30, 2025
land-for-sale-image1.jpg
Jul 30, 2025
Why You Should Consider Investing in a Plot of Land
Jul 30, 2025
Jul 30, 2025
September 02, 2020 /Jeremy Lindy
  • Newer
  • Older
 
Off The MRKT Articles RSS

Follow Off The MRKT: Facebook | Twitter | Instagram
Contact us: Jeremy@Offthemrkt.com                                                                                           

Advertise | Off The MRKT Internship Program | Byline | Bible

Want More?

Want more awesome content like this? Sign up and get our best articles delivered straight to your inbox!

Thank you!
Our favorite listing this week is 508 West 24th Street, Unit 5th Floor, home to NBA Player Carmelo Anthony. The ten-time NBA All-Star, has listed his New York City condo. The home is the largest unit in the Cary Tamarkin designed building at 508 W 24
251 East 51st Street, Unit 2M, listed on the market as a Compass "Coming Soon," is a recently renovated, perfect pied-a-terre (and ideal one bedroom for all the rest of us). What truly sets this pad apart from the rest is the dreamy outdoor
Our last #openhouse roundup will you be checking out this #parkslope home?

#nycrealestate #brooklynrealestate #milliondollarlistings #luxuryhomes #OffTheMRKT
DNA Development announced that closings have commenced at 350 West 71st Street, the successful Upper West Side luxury conversion that seamlessly combines two historic pre-war buildings into one stunning contemporary condominium with a classic fa&cced
Our favorite listing this week is located at One West End, the sculptural glass residential tower designed by Pelli Clarke Pelli within Riverside Center. At $19.5 million, 29B offers 5,302 square feet of interiors space, with four bedrooms, five and
Looking to live in one of the trendiest neighborhoods in Manhattan? SoHo offers some of the most luxurious prime New York Real Estate. Known for its largest collection of incredible architecture in the entire world, SoHo is the heart of the historic
Following the unveiling of Rose Hill, one of the new residential developments in Manhattan's NoMad neighborhood that represents a modern era of Gotham-esque architecture and design by award-winning New York-based design firm CetraRuddy, legendary dev
The ethereal master bath at @theXInyc West Tower Penthouse features a custom sandblasted verde caldia floor, a carved verde scuro tub, and bronze vanities with marble tops designed by #AD100 French interior architect @pierre.yovanovitch.

Situated in