Christopher Gibson

Buying New Construction Homes In Denver Metro

Download a pdf copy of my terms to understand and questions to ask before buying new construction homes in Denver metro here. See new construction homes in Denver metro here. Also, see the recent blog by my friend Ernie Arellano, 5 first time home buyer mistakes to avoid here.

Metro Denver Homebuilder terms to understand

Lot premiums / Elevation

This is the extra amount charged by the builder for the land the home will be built on. Some lenders do not have a $0 lot. Usually, lots that offer a walkout basement or garden level windows or lots that are larger in size cost more. Some builders charge average lot premiums higher than $10,000. This is a good time to ask if there are any additional charges for the elevation choices for the house, this is the brick or stone exterior added to the front of the home.

New Construction Home Buying In Denver Metro Buying New Construction Homes In Denver MetroStructural upgrades

Sometimes the models have structural upgrades such as a kitchen bump out, gourmet kitchen, basement extension, larger porch, full bath instead of half bath, doors on the study, larger sliding glass doors on the back, 5-piece master bathroom, etc.

Basements

Some builders give you the option for them to finish the basement. Make sure you understand where the builder is going to put the furnace, hot water heater, and rough in. There are a few reasons it is better for the builder to finish the basement for you. The builder is usually cheaper to finish the basement. If the builder does not finish the basement, they will usually not install sufficient heating and cooling for a finished basement, they will not install an electrical panel with enough space for a finished basement, they will not put utilities in convenient locations in the basement, etc.

Buying New Home Construction In Denver Metro Buying New Construction Homes In Denver MetroElectrical upgrades

Most builders will also have options to upgrade the electrical in the home with extra outlets, extra light fixtures with or without ceiling fans or simply pre-wiring for a fan/light fixture, and pre-wiring for entertainments systems. Few or no buyers ever opt for no electrical upgrades.

Lending

Usually, the builder has a lender that they refer you to and offer a rebate for using their lender. The financial benefit of using the builder’s lender is significant. Getting a loan on new construction is different than on a resale home. A lender that does not do new construction regularly may not have methods for getting an appraisal done on an uncompleted home, and may not be able to close within a couple of days of receiving a certificate of occupancy, like a builder’s lender can and as the builder will require. You, the buyer, are charged for every delay in closing caused by the lender and delays due to lending do happen, and can be stressful. Delays caused by the lender referred by the builder are usually forgiven more easily. However, it is not all good news with the builder’s lender. You have no guarantees that the builder’s lender will offer the best rate, and you can find out when it is too late that their lender is much more expensive, and if you switch you may lose the benefit you were counting on. Also, if the builder’s lender finds out at any stage that you don’t qualify for the loan, ie a job change, and they do check in, they will notify the builder, and the builder may cancel your contract and claim your earnest money.

Design center and cosmetic upgrades

Usually, this is the largest additional expense for you the buyer. You should understand what flooring types, countertops, appliance packages, hardware, lighting, cabinets, and other finishes are standard before signing on the dotted line. If you find any of these standard features to be unacceptable you should inquire as to the cost of upgrading. Additionally, many builders do not allow you to only upgrade hardware, cabinets, light fixtures al la cart room by room. Usually, builders only offer lighting packages and hardware packages for you to choose for the entire home. If you spend above a certain amount at the design center you may have to write the builder a check for a percentage or the entire extra amount to protect the builder against the appraisal not being high enough or to protect the builder against you defaulting.

Property taxes

The builder does not know the exact amount you will spend for property taxes because this home was not a home last year. The builder should know what the mil levy is going to be and how the assessed value will be calculated to give you an estimated property tax amount.

Warranty and Pre-closing walkthroughs in Denver metro new construction

Every builder offers a warranty. As a buyer, your greatest leverage to getting the perfect new home you are entitled to is to hold the closing hostage until all work is completed. Some builders truly strive to deliver a completed product before closing. Other builders know you have scheduled movers and exert a lot of pressure on you to close with an unfinished product. If you close with work to be completed you get put in a different queue than those waiting close. The after-closing queue is much lower priority and slower than the pre-closing work queue. The after closing warranty rep is not the responsive customer focused foreman and sales rep you were dealing with before closing.

Not included

A few things you should expect to purchase after closing: refrigerator, washer dryer, window coverings, towel hangers, garage door openers, sump pumps, radon mitigation systems, AC. Some builders will include or offer an upgrade for the AC or the refrigerator or the garage door opener, and it is tempting to finance these items and have them included but are you getting the best price and selecting the best long-term product? What size garage door and garage is included, 7 ft or 8 ft? If the garage door is not 8ft and if the garage is not 22 ft deep it will not fit a large truck. Many builders do not include entire landscaping. It is important to understand what landscaping included as you may have to do some work. Also, if landscaping is not included it may affect the overall appearance of the neighborhood if neighbors don’t plant trees and do landscaping.


Metro Denver Homebuilder questionnaire

Click here to download a printable copy of this metro Denver homebuilder questionnaire.

1. How much is your average lot premium? Is there any additional charge for the elevation of the home?

 

2. What structural upgrades will I be choosing from? What structural upgrades am I seeing on the model that are not standard or free? Which structural upgrades do buyers usually opt for? How much does the average buyer pay for structural upgrades?

 

 

3. Does the builder finish the basement? How much does it cost about if the builder does finish the basement? Will the HVAC and electrical be sufficient if I finish the basement aftermarket?

 

 

4. How much does the average buyer spend on electrical upgrades? What electrical upgrades are offered? What electrical upgrades does the average buyer opt for?

 

 

6. What is the financial benefit of using the builder’s lender? Will they match the rate of competing lenders? Does the builder’s lender have any references that you can call who used this lender in this community?

 

7. What does the average buyer spend in the design center? Are there any scenarios where I will have to write the builder a check based on how much money I spend in the design center? Can you show me any completed homes that are about to close with standard finishes?

 

 

8. How much do you estimate property taxes will be? Are there any recent construction in the neighborhood that have received a tax bill that can demonstrate the estimated taxes?

9. Does the builder install a radon mitigation system standard?

10. Does the builder install a sump pit and/or sump pump standard?

11. What landscaping and exterior irrigation is standard?

12. Is a garage door opener included?

13. What size garage door and garage is included, 7 ft or 8 ft?

14. What items should I expect to need the warranty department to do after closing? How many days before closing is the pre-closing walkthrough? Can I delay closing if the I am unsatisfied with the workmanship?


 Buying New Construction Homes In Denver MetroWhy should you use me as your real estate agent in metro Denver new construction?

 

 

 

 

  1. You do NOT get a discount without an agent. I will rebate you $4,000 of the commission offered to us that you can usually use as part of your down payment.

  2. I will help you navigate the questions you should be asking the builder and help get to the bottom of how much the home should cost you before you sign the contract.

  3. I will advise on the resale importance of structural, electrical, and lot upgrades.

  4. I will go to the design center and advise you on resale aspects of choices you make.

  5. I will attend all pre-drywall, electrical, and pre-closing walk-throughs, take notes as to instructions made to the foreman and document agreements made.

  6. We will pay for a pre-closing home inspection and sewer scope. Ideally, these would be completed prior to your pre-closing walk-through.


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Stapleton Neighborhood Home For Sale – 8942 E 29th Pl

Stapleton Neighborhood Home For Sale.

Immaculate Stapleton Neighborhood home for the pickiest buyers. This 2-story, charming home for sale has been cared for by owner occupants its entire life and is even better than the pictures. Pristine hardwood floors and woodwork. 42″ cherry cabinets, with granite countertops, and stainless steel appliances in the kitchen. 3 large bedrooms with a roomy master. Walk-in closets. 6-panel doors. Hunter-Douglas custom blinds. New carpet spring 2016, new roof and exterior paint fall 2015. Spacious covered front porch overlooking a pleasant courtyard. Close to all the best that Stapleton has to offer, 1 block from Central Park & Westerley Creek Elementary, walking distance to 3 neighborhood pools, Central Park Recreation Center and the Sam Gary Denver Public Library.  Minutes from from A-line train to the plane, DSST, Stanley Market, 29th Ave. Town Center, and coming soon Punch Bowl Social. Best value in Stapleton  Neighborhood, entry level price with high end finishes.

More pictures and interactive floor plan of this Stapleton Neighborhood home for sale at http://tours.virtuance.com/780612

  • 2-Story
  • 3 Bedrooms
  • 2.5 Bathrooms
  • 1,517 Sqft
  • 2-car garage
  • Built in 2004

Immaculate Stapleton Home large 004 6 Exterior Front 1500x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl Immaculate Stapleton Home large 006 10 Front Patio 1500x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl

Immaculate Stapleton Home large 012 12 Living Room 1500x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl Immaculate Stapleton Home large 014 13 Dining Room 1500x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl

Immaculate Stapleton Home large 016 14 Kitchen 1500x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl Immaculate Stapleton Home large 021 22 2nd Floor Master Bedroom 1500x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl

Room Measurements of this Stapleton Neighborhood home

  • Living room: 14’10” x 15’5″
  • Dining room: 13’2″ x 11’3″
  • Master bedroom: 17’5″ x 12’6″
  • 2nd bedroom: 10’11” x 12′
  • 3rd bedroom: 9’4″ x 10’2″
  • Garage: 20’7″ x 19’8″

Immaculate Stapleton Home large 002 1 Floorplan 1415x1000 72dpi Stapleton Neighborhood Home For Sale   8942 E 29th Pl

Additional notes about this Stapleton Neighborhood home

  • New carpet spring 2016
  • Upgraded attic insulation to R60
  • New roof fall 2015 with hail resistant shingles
  • New exterior paint 2015
  • Pull out drawers in the kitchen
  • Extra tall cabinets in the kitchen
  • Granite countertops
  • Central Air Conditioning
  • Nest thermostat-installed 2017
  • Custom shelving in the garage
  • Ultra quiet garbage disposal

Video walkthrough of this Stapleton Neighborhood home for sale

Other reports about 8942 E 29th Pl in the Stapleton Neighborhood in Denver.

 

Click here to see all Stapleton Neighborhood homes for sale.

Stapleton Neighborhood Home Search Map June 5 2017 Stapleton Neighborhood Home For Sale   8942 E 29th Pl

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

DU Neighborhood Subject Property Details

2 Bedrooms

1 Bathroom

Total finished and above grade square feet 1,227

Off street parking without garage

DU Neighborhood Comparable Property Search

Status is ‘Active’DU Neighborhood Comparable Home Search Map June 13 2017 Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

Status is one of ‘Under Contract’, ‘Sold’

Status Contractual Search Date is 06/13/2017 to 12/15/2016

Type is one of ‘Attached Single Family’, ‘Detached Single Family’

City is ‘Denver’

Total Bedrooms is 2

Total Baths is 1

NO GARAGE

 

 

 

 

 

DU Neighborhood Comparable Home Sales

DU Neighborhood Price Analysis June 13 2017 Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

Some of these comparable homes are row homes or condos with an HOA fee. They are likely priced less that what a single family home would sell for. The average sales price of similar homes is $355,000. The average price per square foot is $433. If the subject property was priced at $433 per square foot it would be priced at $531,291.

3 Automatically Generate Values

Zestimate – $372,034

Realist – RealAVM™ Range: $211,914 – $304,950

RealtyofCO.com – $288,100

DU Neighborhood Market Statistics within proximity of the subject property

DU Neighborhood Real Estate Statistics Median Sales Price June 13 2017 Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

DU Neighborhood Real Estate Statistics Number Of Listings June 13 2017 Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

DU Neighborhood Real Estate Statistics Number Of Sales Price June 13 2017 Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017

DU Neighborhood Real Estate Statistics Median Days On Market June 13 2017 Denver Realtor Reviews DU Neighborhood Price Analysis June 13 2017


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Just listed in the Cherry Creek Village Neighborhood – 4594 S Akron St. See the price and more pictures at http://www.realtyofco.com/cherry-creek-village-neighborhood-home-sale-greenwood-village-4594-s-akron-st/ .

Cherry Creek Village large 001 4 Exterior Front 1500x997 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St Cherry Creek Village large 006 2 Foyer 1500x997 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village large 007 6 Living Room 1500x997 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St Cherry Creek Village large 014 9 Kitchen 1500x997 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village large 026 23 Sunroom 1500x997 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St Cherry Creek Village large 027 27 Patio 1500x997 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

 

You are first greeted by a beautiful double door entry and newer windows with plantation shutters. The main living area is perfectly accented with a large fireplace and open floor plan and open layout combined with the uniqueness and originality of a custom built home. Modern kitchen with gas cooktop and 2 large pantries. Recently refinished hardwood floors. Main floor living option with main floor laundry and master bedroom. Double vanity in the master bathroom. Spacious closets in the master bedroom. Big back yard with a stamped concrete patio and gas firepit.  Light and bright lower level with egress windows in the bedroom and living area. Updated finishes and inset lighting in the lower level. Large storage space with workshop in the lower level. Whole House Fan and Central AC. Large mechanic’s garage, oversized wide and oversized deep, with storage closets. New roof in 2016. Great DTC location at the end of cul-de-sac, just a few blocks from Belleview Elementary & Cherry Creek High School, Dayton light rail station, Village Greens Park & Cherry Creek State Park.

The Cherry Creek Village Neighborhood is more than a seasoned neighborhood of custom built homes with a mature tree canopy and gardening aficionados; it is a community. Enjoy block parties, movies in the park, community garage sales, and more. Once people move into this neighborhood, they don’t leave. Homes hitting the market are few and far between, and the ranch style homes are are even more rarified.

  • Ranch Style Home
  • 5 Bedrooms
  • 3 Bathrooms
  • 3,859 Finished Sqft
  • 2-Car Oversized Garage
  • 22,825 Sqft (0.52 Acre) Lot

Other details:

  • Main level square feet: 2,468
  • Lower level square feet: 1,678

Interactive floor plan and more pictures available of 4594 S Akron St in the Cherry Creek Village Neighborhood at http://tours.virtuance.com/792933

Cherry Creek Village large 030 30 Floorplan 1414x1000 72dpi Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Video walk through of 4594 S Akron St in Cherry Creek Village Neighborhood home for sale

Other reports about 4594 S Akron St in the Cherry Creek Village Neighborhood

Click here to see all homes for sale in the Cherry Creek Village Neighborhood.

Cherry Creek Village Neighborhood Home Search Map June 6 2017 Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village Neighborhood Market Statistics through May 2017.

The median list price in May for the Cherry Creek Village Neighborhood was just over $1 million. The median sales price was $745,000. There were 3 listing on the market in May. Less than 1 home is selling every other month. The homes that sell, seem to go under contract in 10 days or less.

Cherry Creek Village Neighborhood Market Statistics   Median List Price Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village Neighborhood Market Statistics   Median Sales Price Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village Neighborhood Market Statistics   Number Of Active Listings Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village Neighborhood Market Statistics   Number Of Sales Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

Cherry Creek Village Neighborhood Market Statistics   Median Days On Market Cherry Creek Village Neighborhood Home For Sale 4594 S Akron St

 

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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West Highland Neighborhood Home For Sale – 3445 W 34th Ave

Just listed in the West Highland Neighborhood – 3445 W 34th Ave. See the price and more pictures at http://www.realtyofco.com/west-highland-neighborhood-home-sale-3445-w-34th-ave/ .

West Highland Neighborhood large 003 2 Exterior Front 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave West Highland Neighborhood large 007 7 Living Room 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood large 010 22 Dining Room 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave West Highland Neighborhood large 011 11 Kitchen 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood large 021 12 Master Bathroom 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave West Highland Neighborhood large 018 17 2nd Floor Master Bedroom 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood large 025 24 Exterior Hot Tub 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave West Highland Neighborhood large 028 16 Back Yard 1500x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave

 

Perfect proximity to Highland Square, on a coveted block within a stones throw to many great eateries and shops, close enough to walk, far enough to avoid the traffic. This much loved 1891 Victorian 1 1/2 story home is in one of West Highland’s best walkable neighborhoods. Beautiful hardwood floors. Main floor living option with main floor bedrooms, bathroom, and laundry. Gigantic 2nd floor master bedroom with new carpet, 2 closets plus built in dresser and plenty of storage. Perfect covered porch for people watching. Vinyl windows throughout. Remodeled and updated kitchen with Corian and maple, and gas stove. This low maintenance backyard oasis has a covered patio with hot tub, storage shed, and decorative flagstone walkways and ground cover with xeriscape plantings of mulberry, jasmine scented lilac, old garden roses, blackberry and red raspberry. New roof coming. New decking and ridge vents, new vinyl siding (upstairs), new 4″ gutters and downspouts, new upstairs vinyl windows all in 2013. Alley access may provide an option for building a garage. Other similar homes have added a 2nd bathroom to the 2nd floor master bedroom.

  • 2 Story
  • 3 bedrooms
  • 1 bathroom
  • 1,479 Sqft
  • Built in 1891

Interactive floor plan with additional photos of this West Highland Neighborhood Victorian Era Story And A Half available at http://tours.virtuance.com/792963?a=1

West Highland Neighborhood large 029 29 Floorplan 1414x1000 72dpi West Highland Neighborhood Home For Sale   3445 W 34th Ave

Room measurements of this West Highland Neighborhood home for sale

  • Living Room: 11’5″ x 19’2″
  • Kitchen: 10’11” x 14’7″
  • Master Bedroom: 16’11” x 28’2″
  • 2nd Bedroom: 11’8″ x 8’6″
  • 3rd Bedroom: 12’3″ x 8’6″

Video Walk Through Of 3445 W 34th Ave In The West Highland Neighborhood

 

Click here to see all other West Highland Neighborhood homes for sale.

West Highland Neighborhod Homes For Sale Search Map June 3 2017 West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood Market Statistics

The median list price in the West Highland Neighborhood was $600,000 in May 2017 while the median sales price was $542,500. There were 11 listings in May with 14 sales. And the median days on market in May was 7 in the West Highland Neighborhood.

West Highland Neighborhood Market Statistics   Median List Price West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood Market Statistics   Median Sales Price West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood Market Statistics   Number Of Listings West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood Market Statistics   Number Of Sales West Highland Neighborhood Home For Sale   3445 W 34th Ave

West Highland Neighborhood Market Statistics   Median Days On Market West Highland Neighborhood Home For Sale   3445 W 34th Ave


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Realtor Reviews Englewood Home For Sale 3165 S Elati St

Click here to see all Englewood City Center homes for sale.

Youtube Video of 3175 S Elati In Engelwood

 

Comparable sales to 3175 S Elati

Map of Property Locations9962 Denver Realtor Reviews Englewood Home For Sale 3165 S Elati St
CMA 1 Line6916 Denver Realtor Reviews Englewood Home For Sale 3165 S Elati St

The average sale price of similar homes that have sold is $300,750. The average price per square foot is $340. If 3165 S Elati was priced at $340, it would be priced at $291,040.

3 Automatic Values

Other reports about 3165 S Elati St

Market Statistics for Englewood City Center

Englewood City Center Map May 2017 Denver Realtor Reviews Englewood Home For Sale 3165 S Elati St

Englewood City Center Average Sales Price May 2017 Denver Realtor Reviews Englewood Home For Sale 3165 S Elati St

Englewood City Center Average Sales Price Per Square Foot May 2017 Denver Realtor Reviews Englewood Home For Sale 3165 S Elati St

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Real Estate News May 31 2017 – Denver Realtor Reviews

Denver Real Estate News

 

 Denver Real Estate News May 31 2017   Denver Realtor Reviews

Denver Real Estate Newswww.RealtyofCO.com


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Realtor Chris Gibson

29 May 2017


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Denver Realtor Reviews – Questions to interview a buyers’ real estate agent

Download a printable pdf of interview questions for a metro Denver buyer’s real estate agent by clicking here.

Interview Questions for a metro Denver Buyer’s Real Estate Agent

Interview Questions for a metro Denver Buyer’s Real Estate Agent Denver Realtor Reviews   Questions to interview a buyers real estate agentA buyer’s real estate agent in metro Denver works for the home buyer, and even though they are paid by the listing real estate agency, they are rewarded for succeeding for the home buyer. Just like any individual, every buyer’s real estate agent is unique and has different skill sets. It’s important to feel confident that your metro Denver buyers’ real estate agent is the best fit for your needs and personality, as he or she will walk with you through some stressful decisions.

Here are some sample questions to use when interviewing a metro Denver buyers’ real estate agent.

Metro Denver Real Estate Agent’s Experience

1. How long have you been a licensed real estate agent in metro Denver?

2. Do you work in real estate in metro Denver full time?

3. Do you have any past metro Denver real estate clients I may contact?

4. How many metro Denver real estate transactions have you done in the last 12 months?

 

Scheduling Questions For A Buyers’ Real Estate Agent In Metro Denver

5. What times are difficult for you to show homes? What times are easy for you to show homes?

6. How many other buyers are you working with right now? How much time do you have per week to give to me for this process?

7. Are you too busy to help me the way you would want to help me?

8. Do you have any vacations coming up that would conflict with my home buying schedule? Do you have someone to fill in for you if needed, if so who are they and what are they like?

 

Areas of Metro Denver Real Estate Expertise

9. Are you primarily helping home buyers, sellers, both?

10. What areas of metro Denver are you most experienced with? What areas of metro Denver are you least experienced with? (May want this to match up with areas of town you are likely to look in)

11. What home types and price ranges are you most experienced with? What home types and price ranges are you least experienced with? (May want this to match up with your likely home type and price)

 

The Process of Buying a Metro Denver Home

12. How do you help metro Denver home buyers narrow down their real estate search or in the decision making process?

13. Do you think it is a good time for me to buy a home in metro Denver? What is the metro Denver real estate market like?

14. Are you willing to show me homes without a contractual agreement, or at least until I have seen you work enough to be comfortable committing to you? (As a home buyer I would not sign a contract for more than 1 month or unless I could terminate it if I wasn’t under contract on a home.)

15. Do you subscribe to any services like neighborhood scout or rentometer to help me evaluate homes of interest?

16. How will you advise me on real estate prices for homes of interest?

17. How are you helping your clients win homes in competitive bidding situations?

18. What could I do as a home buyer, or what should I be prepared to do in order to be successful?

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Denver Real Estate Market Statistics 2017 April

Denver real estate market statistics: How much does a home cost in Denver? How long does it take to sell a home in Denver? How fast are home prices rising in Denver? All this and more answered below.

Denver Real Estate Market Statistics Through April 2017

These Denver Real Estate Market Statistics are based on homes in the REColorado.com MLS within 30 miles of downtown Denver. Download a pdf version of this report by clicking here.

Denver Real Estate Market Statistics Map Denver Real Estate Market Statistics 2017 April


Youtube Video of Denver Real Estate Market Statistics Through April 2017

 

  


Denver Realtor Reviews: Denver Real Estate Market Statistics April 2017

The average price for a home in Denver was $436,144 at the end of April 2017. The median price for a home in Denver was $380,000 at the end of April 2017. Sales volume in April was $2.054 billion. There were 4,709 real transactions in April 2017. There is less just over 1 month of real estate inventory in and around Denver. There were 5,901 real estate listings in and around Denver at the end of April 2017. The average days on market for real estate listings in and around Denver was 21 days for December. And the median days on market was 5.

These Denver real estate market statistics are from the Denver MLS (REColorado.com) . They reflect real estate sales data for the end of December 2016. They do not reflect real estate sales that occurred off market or outside of the Denver MLS.


The average home price in Metro Denver, Colorado

The average home price in Metro Denver is up almost 10% Year Over Year from $395,166 in April 2016 to $436,144 in April 2017. The average home price in Metro Denver is up over 3% Month Over Month from $423,196 in March 2017. 

Average home price in Denver April 2017 12 month Denver Real Estate Market Statistics 2017 April

Average home price in Denver April 2017 10 Year Denver Real Estate Market Statistics 2017 April


The median home price in Metro Denver, Colorado

The median home price in Metro Denver is up almost 5.6% Year Over Year from $360,000 in April 2016 to $380,000 in April 2017. The median home price in Metro Denver is approximately 2.7% more than the median home price in March 2017.

Median home price in Denver April 2017 12 Month Denver Real Estate Market Statistics 2017 April

Median home price in Denver April 2017 10 Year Denver Real Estate Market Statistics 2017 April

 


Metro Denver real estate sales volume

Metro Denver real estate sales volume went up 0.5% month over month to $2.054 billion from $1.992 billion continuing the traditional seasonal patterns and was 14.4% higher than the $1.795 billion in sales in April of 2016.

Real estate sales volume in Denver April 2017 12 Month Denver Real Estate Market Statistics 2017 April

Real estate sales volume in Denver April 2017 5 Year Denver Real Estate Market Statistics 2017 April

 


Number of Metro Denver real estate sales

There were 4,709 metro Denver real estate sales in April 2017, almost 3.7% more than April 2016 and equal to the prior month. For April 2017, the highest number of sales occurred in the $350,000 – $400,000 price point.

Number of real estate sales in Denver April 2017 12 Month Denver Real Estate Market Statistics 2017 April

Number of real estate sales in Denver April 2017 5 Year Denver Real Estate Market Statistics 2017 April

Number of real estate sales in Denver April 2017 By Price Point Denver Real Estate Market Statistics 2017 April


Months of Metro Denver real estate inventory

There was an average of 1.253 months of inventory on the market in April 2017.

Months of real estate inventory in Denver April 2017 12 Month Chart Denver Real Estate Market Statistics 2017 April

Months of real estate inventory in Denver April 2017 5 Year Chart Denver Real Estate Market Statistics 2017 April

Months of real estate inventory in Denver April 2017 By Price Point Denver Real Estate Market Statistics 2017 April

 


Number of Metro Denver real estate listings inventory

At the end of April 2017 there were 5,901 Denver real estate listings which is about 5% more than the 5,607 listings at the end of March 2017 and very similar to the 5,911 listings in April 2016. The highest number of listings is in the $500,000 to $600,000 price range.

Number of real estate listings in Denver April 2017 12 Months Chart Denver Real Estate Market Statistics 2017 April

Number of real estate listings in Denver April 2017 5 Year Chart Denver Real Estate Market Statistics 2017 April

Number of real estate listings in Denver April 2017 by list price Denver Real Estate Market Statistics 2017 April


Average days on market for a Metro Denver, Colorado home for sale

At 21 days the average days on market for Denver real estate is 2 days less than April 2016 and is 6 days less than March 2017. The average days on market was 13 days or less for everything under $400,000. The highest days on market was in the $1.25 million – $1.5 million price range.

Average days on market of real estate listings in Denver April 2017 12 month chart Denver Real Estate Market Statistics 2017 April

Average days on market of real estate listings in Denver April 2017 5 year chart Denver Real Estate Market Statistics 2017 April

Average days on market of real estate listings in Denver April 2017 by price point Denver Real Estate Market Statistics 2017 April

 


Median days on market for a Metro Denver, Colorado home for sale

At 5 days, the median days on market is the same as April 2016 and 1 day less than March 2017. The median days on market was 5 days or less for everything under $400,000. The median days on market was highest as price ranges approached the $3 million range.

Median days on market of real estate listings in Denver April 2017 12 month chart Denver Real Estate Market Statistics 2017 April

Median days on market of real estate listings in Denver April 2017 5 year chart Denver Real Estate Market Statistics 2017 April

Median days on market of real estate listings in Denver April 2017 by list price Denver Real Estate Market Statistics 2017 April

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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Flat Fee Denver Realtor

What is a flat fee Denver Realtor? Flat fee and discount real estate listing agency in Denver comes in many different forms. I have been implementing a FULL SERVICE, flat fee and discount real estate model in my Denver real estate practice for over 2 years. I found that what I did to sell homes does not vary greatly no matter the price point. And I wanted to find a good deal that I could offer friends and family. I do not deviate from this structure to avoid the awkwardness of offering one person a better deal than another and having it discovered by the lesser benefiting party. My Denver full service, flat fee real estate model is $5,000 + the 2.8% that I pass through to the buyers’ agent.

Here is a video about my full service, flat fee Denver real estate model.

How does the money flow in a real estate transaction in Colorado?

How do real estate agents get paid in a Denver home sale Flat Fee Denver Realtor

You need to know that although both agents are paid at simultaneously at closing, the seller is paying the listing brokerage one large sum, and then the listing brokerage is paying the buyer’s agent out of that amount. The buyer’s agent commission is advertised in the MLS (multiple listing service) with the listing for the house. Buyer’s agents are discouraged from discriminating against showing homes with lower commission rates, but there is no way to know if an agent chooses not to show a home because of the commission rate offered. My bigger fear would be that an agent would speak negatively of a home, pointing out flaws or suggesting it is overpriced, if the commission rate is less than competing homes for sale. In my model I offer the most frequently offered amount in the Denver MLS (recolorado) of 2.8%.

How much does my full service, flat fee real estate model cost metro Denver home sellers?

I charge 2.8% + my $5,000 flat fee.

Many real estate agencies charge 6% to sell your home. With a sales price of $380,000 (The median sales price April 2017) the total commissions paid with a 6% model would be $22,800.

Without a flat fee real estate estimated net amount to seller Flat Fee Denver Realtor

With a sales price of $380,000 the total commissions paid with a 2.8% + $5,000 model would be $15,640, saving the average Denver home seller up to 7,160.

Flat fee real estate estimated net amount to seller Flat Fee Denver Realtor

But commission savings are meaningless unless all the pieces are place to still sell your home for top dollar.

What marketing do I do with my full service, flat fee Denver real estate model to sell homes for top dollar?

I implement every marketing strategy I have seen to position all of my listing clients to sell for top dollar and create bidding wars whenever possible.

1. Professional photography

I explain to clients that everybody sees your home online before they see it in person. Photos are the new curb appeal. And quality photography can make a huge difference in how many people come to see the home, which translates into the number and price of offers received. The company I use has talented and experienced photographers with top of the line HD photographic technology.

flat fee Denver real estate photography Flat Fee Denver Realtor

2. Floor plans

Virtuance also creates floor plans. I find this especially useful for flyers, so that I can encourage potential buyers to take home a flyer and imagine their furniture in the home. Also the online virtual tour shows on the floor plan where each picture was taken.

flat fee Denver real estate virtual tours and floor plans Flat Fee Denver Realtor

3. Dedicated URL

I create the website address of your address.com, for instance www.4125Clay.com. This is displayed on top of the luxury yard arm and on the flyers. It makes it easy for people to remember your address and look up information about your home.

flat fee Denver real estate luxury yard arm Flat Fee Denver Realtor

4. Luxury yard arm

This used to mean something but almost nobody uses the old signs anymore.

5. MLS and syndication.

I am a member of 2 local MLS’s: www.recolorado.comwww.iresis.com . In addition to listing on the MLS, the home is displayed on all major public web sites and all agents’ web sites with IDX searches.

flat fee Denver real estate listing syndication Flat Fee Denver Realtor

6. High quality flyers

I like a flyer with the floor plan on the back for viewing buyers to take with them. Hopefully they want to think about how well their furniture would fit. I also like them taking something with them that would help them give the home a second thought if they were not initially wooed.

flat fee Denver real estate flyers Flat Fee Denver Realtor

7. Open houses

I like to do 1 open house. I advertise the open house in the first line of the description, in the MLS, on Zillow, and Realtor.com . There are 2 reasons to do the open house. The first reason I do an open house is to try and find an unrepresented buyer, reducing your total commissions to $10,000. The second, and more common reason, is to enable buyers, whose agents are out of town, to view the home. More than a few times I have received the strongest offers from these buyers and their agents.

8. Showing coordination

I use showingtime.com or showings.com for my showing coordination. A barrier remains between you and the buyer’s agent, while utilizing technology to have showing requests immediately sent to you for approval. Both services also have feedback systems and surveys for buyer’s agents to let you and I know what they thought of the home. I am willing to use a manual lockbox or a digital sentrilock lockbox to assist, depending on your preference.

9. E-mails advertising to agents with prospective buyers.

Did you know we enter buyers into the MLS the same as we enter sellers? You probably do know this. A real estate agent has probably set you up with a home search that fit a set of criteria that you provided. Did you know, when I enter a listing into the MLS, I can see a list of agents that have buyers for whom my listing fits their criteria. I am pretty savvy with technology and mailchimp. I will send an e-mail blast notifying these agents of my new listing, sometimes 1,000 agents. I will also be able to see the agents who have a client who favorites my listing. I will be reaching out to those agents directly.

What other services do I offer with my full service, flat fee Denver real estate model?

1. Price analysis

I advise you as to my belief of a realistic sales price and best list price.

2. Contract negotiation

I assist in the initial and ongoing contractual negotiations. The devil is in the details, and I help you understand how the terms of the contract will affect you. This includes positioning you to buy and sell a home simultaneously if desired.

3. No risk and no obligation

You can terminate your contract with me at any time, if you have not signed an agreement with a buyer. I do not want anybody stuck working with me. I take pride in my work and work as though I could lose my job tomorrow, if I don’t do it today.

What are my duties to you as a full service, flat fee Denver Realtor?

  1. Promoting the interests of Seller with the utmost good faith, loyalty and fidelity;
  2. Seeking a price and terms that are acceptable to Seller; and
  3. Counseling Seller as to any material benefits or risks of a transaction that are actually known by Broker.

Broker must exercise reasonable skill and care for Seller, including but not limited to the following:

  • Performing the terms of any written or oral agreement with Seller;
  • Presenting all offers to and from Seller in a timely manner regardless of whether the Property is subject to a contract for Sale;
  • Disclosing to Seller adverse material facts actually known by Broker;
  • Advising Seller regarding the transaction and advising Seller to obtain expert advice as to material matters about which Broker knows but the specifics of which are beyond the expertise of Broker;
  • Accounting in a timely manner for all money and property received; and
  • Keeping Seller fully informed regarding the transaction.

Broker must not disclose the following information without the informed consent of Seller:

  • That Seller is willing to accept less than the asking price for the Property;
  • What the motivating factors are for Seller to sell the Property;
  • That Seller will agree to financing terms other than those offered;
  • Any material information about Seller unless disclosure is required by law or failure to disclose such information would constitute fraud or dishonest dealing; or
  • Any facts or suspicions regarding circumstances that could psychologically impact or stigmatize the Property.

 


 Denver Realtor Reviews Of Denver Real Estate Agent Christopher Gibson

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My Rating: five stars Flat Fee Denver Realtor(26)

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