Log In   ·   Become A Member
http://www.hamptons.com/gallery/ads/2052.gif

Price It Right: Hamptons Real Estate Insights From Douglas Ellimanís Richard Doyle

Nicole B. Brewer

  |   2 Comments · Print Article

Located privately between the world ranked golf courses and the Peconic Bay, this rare Hamptons beauty listed by Richard Doyle of Douglas Elliman of Southampton, is a unique Post & Beam pine-framed with room for tennis. (Courtesy Photo)

Hamptons native Richard Doyle, Vice President at Douglas Elliman Real Estate in Southampton, might be relatively new to the real estate, taking home "Rookie of the Year" honors in 2009, but he understands the Hamptons market telling us, "If the price isn't right, well then, let it sit. We have to be realistic as buyers and sellers to comprehend there is a fair price for every location." He followed up the Rookie nod with President's Circle in 2011, Chairman Gold Circle in 2012, and was named one of the Top 10-Hamptons, Long Island, & Westchester also in 2012.

What is an easy way to increase the value of a property?
RD: Put yourself in the buyer's shoes and just pretend. There are certainly many easy fixes that are over looked that can effortlessly help sell a property in maximizing the curbside appeal. The most important factor is having the right broker to represent your property that can properly expose, highlight all the selling points, and work outside the box to get the job done. Price it right is most crucial aspect in order to get top dollar instead of chasing the market and letting the property sit, decreasing in value.

Which towns or villages are the most sought-after right now?
RD: This can be considered case by case. I hear, in the numbers, that Montauk, further east markets, are on the rise, but I have personally dealt with a lot of buyers this year taking focus strictly to Water Mill. There will always be a premium with waterfronts, but after the Hurricanes and rules/regulations, open farm land is right atop the list.

Hamptons native Richard Doyle, Vice President/Gold Circle/Top 10 in the Hamptons (2012) at Douglas Elliman Real Estate in Southampton. (Courtesy Photo)

What's the most extreme thing you've done to make a sale?
RD: Recently, I paid a lot of money out of my personal pocket to get renters out of my sale listing into a better home, with the risk of not having the sale go through. There was no guarantee the sale was to go through, even though it did, I certainly had to get creative. The situation was beyond tricky, but there is only one way to stay ahead of the curve in this business and it deals with thinking outside the box.

What are the emerging trends in architecture?
RD: More modern and unique architecture are starting to take notice in new construction, however the open-spaced floor plans with white marble, cedar shake traditional always has a place in the Hamptons. En-suite bedrooms up/down and more salt water pools.

How have buyers and sellers changed over the past two years?
RD: With where technology is, buyers and sellers have become more consumed with information. Of course this can be a worthy notion, just as long as the information is accurate. Brokers have the tools to advise both sides correctly to price right!

What is your forecast for the fall/winter real estate season in the Hamptons and North Fork?
RD: Although there is no factual answer at this point in time, we can only hope that business continues to thrive in this recovering economic/real estate market. We have been steam rolling before the fiscal cliff 2012 talk cliff right into this summer. I expect this busy market to endure. In my opinion, we need more inventory to hit the market this fall/winter for all of us to keep riding the wave. Fall is always a demanding stretch.

What is a sure sign of a "Hamptons" home?
RD: Home is what you make it and what you love about it, not about chasing the "Hamptons" home. The majority seems to still be the cedar shingled traditional of new construction phase. However, there is a butt for every seat, and it's all about understanding and listening closely to the details of the customer's needs in their own "Hamptons" search because every buyer is different.

When it comes to unique features and amenities, homes in the Hamptons and on the North Fork have it all. What feature has surprised you the most?
RD: Buyers are just as concerned with amenities outside as well as inside their potential Hampton homes. The outdoor fireplace and pool houses for entertainment are popular novelties as well as elaborate media rooms.

Tell us about one of your favorite listings on the market right now.
RD: Listings come and go, but currently one of my favorites is 249 Sebonac. Located privately between the world ranked golf courses and the Peconic Bay, this rare Hamptons beauty is a unique Post & Beam pine-framed with room for tennis, and is yours for the taking.


Nicole, an award-winning journalist, is Executive Editor & Publisher of Hamptons.com where she focuses on celebrity interviews, fine living and design, social events, fashion and beauty. She lives on the North Fork with her husband, their two daughters, and Bernese Mountain dog, Cooper. www.hamptons.com HamptonsOnline NicoleBBrewer NicoleBBrewer NicoleBBrewer




Related Articles:

Guest (John Clarke) from Trenton says::
I graduated the Marines.I am forty three.My friend Erik went to SanFrancisco, he shared a house in the Hamptons and hasn't invited me to any events, when I saw wine and cheese, I tuned in.I knew his number and would gladly look up Gordons number or their dad's number,but he's retired and I can venture out to this event and hopefully a ride can be furnished and I'd have made the five k and really am too heavy so why not do something if I am currently in Trenton and can get my gander up?!
Dec 18, 2013 11:10 am

Guest (Mark Stevens) from Bridgehampton says::
RD is a great pleasure to work with!!
Jul 10, 2013 6:21 pm

 

Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
Location:*
Comments:*
* Comments will be reviewed and posted in a timely fashion
* All fields are required
Question:*
What color is a firetruck?
(For spam prevention, thanks)
 
í
 
 
http://www.hamptons.com/gallery/ads/2117.gif
http://www.hamptons.com/gallery/ads/1824.gif
http://www.hamptons.com/gallery/ads/1979.gif
Gary R. DePersia, Corcoran Real Estate
With over $2 billion in transactions, Gary DePersia is consistently ranked among the top producers in the Hamptons. A year-on-year member of The Corcoran Group Presidentís Council, he has qualified as a national list maker since 2007. In the 2016 REAL Trends & The Wall Street Journal list of Americaís top real estate professionals, he was designated #22 nationally and #5 in the Hamptons by volume with nearly $200 million of transactions for the past year.

East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Bridgehampton National Bank
For over 100 years Bridgehampton National Bank has been the East End's hometown bank. Many success stories...one bank, BNB!

Advertise on Hamptons.com - Have your business be seen by over 2 million viewers including NEW searches
Hamptons.com- Our exclusive online magazine has 2.6 million Page Views YTD for 2015. Contact us to join our elite group of clients that benefit from having a presence on the Hamptons award winning publication www.Hamptons.com

Hamptons Carpet One Floor & Home
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices from the best flooring manufacturers ó and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968

Southampton Masonry-Visiting the Southampton or the Wainscott locations is an exciting experience.
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff. Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.

Despatch of Southampton
Despatch of Southampton has been moving homes locally on the East End for decades. We operate a well-maintained fleet of vehicles that can accommodate any size move. On a day to day basis we service moves from and to New York City.

RJD Gallery specializes in contemporary art with a focus on Magical, Figurative Realism, Narrative Portraiture and Urban Landscape.
We exhibit representational artists from around the world, who produce fine art of exceptional quality that challenge collectors to contemplate concepts about the artist, themselves, and our human experience. Utilizing timeless techniques in creating their drawings, paintings and sculptures, our artists have developed unique, signature styles that present a current vision of our world.

Hampton Luxury Liner
Hampton Luxury Liner was started in 2000 as a more luxurious way to travel from NYC to the Hamptons and back. The clientele quickly grew and over the years Hampton Luxury liner became the preferred method of transportation to the Hamptons and NYC for many living in NYC and the Hamptons that wanted a comfortable and affordable way to travel back and forth. In 2009, HLL was taken over by Classic Coach and things with the liner didnít change to much for years and the owner there changed the buses to Prevost as opposed to Mercedes Setra Top Class Coaches that have always been a signature of the liner. Please call (631) 537-5800 to reserve a charter or email us at Hampton Luxury Liner. The Only Way to Ride!