O UR M I SSI O N W E A R E I N N O VAT O R S S E E K I N G U N PA R A L L E L E D M A R K E T I N G A N D S U P E R I O R I N T E R N E T T E C H N O LO GY, P O S I T I O N I N G O U R C L I E N T S AT T H E T O P. Kentwood Real Estate is dedicated to the legacy of being “Colorado’s Premier Real Estate Company” through the highest producing, most knowledgeable, caring and experienced sales team in the country, offering the highest quality customer service experience.
K E N T W O O D R E A L E S TAT E A T R U S T E D N A M E I N M E T R O D E N V E R R E A L E S TAT E Founded in 1981, Kentwood Real Estate recently celebrated 36 years as one of the most trusted names in Denver real estate. Kentwood had consecutive years with total sales over $2 billion from 2013-2017. The company looks forward to surpassing its previous records in 2018. Kentwood is comprised of over 190 top-producing real estate professionals operating from three strategically located offices in the metro Denver area. Our brokers and management team are dedicated to superior customer service and unmatched expertise in all segments of the market. We also offer comprehensive relocation services through our affiliation with the Leading Real Estate Companies of the World. Kentwood’s marketing programs, family environment, and long-term relationships with clients are also company hallmarks. A company is only as good as its people. Striving for excellence has become a tradition with Kentwood Real Estate. It shows in the performance of every Kentwood broker associate and each member of the support staff. Locally operated, with a strong and experienced support staff, Kentwood assists with every facet of a sale or purchase. The Kentwood professionals know the real estate business inside and out, and are unmatched in knowledge of the residential market in the Denver metro area. As Denver’s largest independent brokerage, we provide dedicated and personalized service. Reputation is what a successful real estate company is all about. Kentwood carefully selects its agents, who have achieved some of the nation’s highest real estate volumes and have established a reputation as individuals of dedication, integrity, and personalized service. Every Kentwood broker associate is full-time and averages 20 years of experience selling residential real estate. Kentwood professionals have also held numerous leadership positions in the industry, communities and neighborhoods, and are active in their local Boards of Realtors. The offices of Kentwood Real Estate are located in the Denver Tech Center, Cherry Creek North, and in lower Downtown Denver (the latter known to locals as LoDo). Kentwood Real Estate provides broadbased services to communities throughout the Denver metropolitan area. Looking ahead, the strength of Kentwood Real Estate comes not only from our past, but from our ability to embrace our future. Our ability to accurately project future trends affecting our customers and clients provides assurance that you are in the best possible hands. You will benefit from our knowledge and expertise in the latest areas of technology, market trends and relocation strategies while maintaining the good, old-fashioned customer service and personal attention that has earned Kentwood its prestigious reputation.
k e n t w o o d r e a l e s tat e
FEW COLORADO NEIGHBORHOODS EXUDE T H E C H A R M , P R E S T I G E A N D VA L U E F O U N D IN CENTRAL DENVER NEIGHBORHOODS INCLUDING THE CHERRY CREEK AREA. Kentwood Real Estate Cherry Creek is located in the heart of this vibrant and evolving cosmopolitan community. Our brokers not only specialize in Central Denver’s prestigious neighborhoods, they are also seasoned professionals with a broad depth of knowledge in all areas of the Denver Metropolis. Central Denver neighborhoods are known for their vibrant culture, walkable lifestyle and diverse architecture. Kentwood brokers know bungalows to mid-century modern, tudors to townhomes and new construction versus classic. Whether your agent is assisting you with a purchase or is marketing your home for sale, you can rest assured that you’re well represented. Our brokers’ extensive relocation knowledge generated from years of assisting transferees has fostered an ability to quickly assess the needs of our clients. We work with buyers and sellers in all areas of the Denver marketplace as a result of Kentwood’s strong national and international relocation connections. We realize success by providing you with the most dependable and effective residential real estate service possible. That is why Kentwood Real Estate is consistently rated the most productive Denver residential real estate company.
kentwood cherry creek
2 0 1 7 M A R K E T S H A R E T O TA L S
KENTWOOD REAL ESTATE
MKT 7.0%
LIV SOTHEBY’S
MKT 6.8%
COLDWELL BANKER
MKT 4.8%
RE/MAX PROFESSIONALS
MKT 3.1%
KELLER WILLIAMS DTC
MKT 2.8%
MKT 2.3%
RE/MAX CHERRY CREEK
MKT 2.3%
YOUR CASTLE
MKT 2.1%
MKT 1.8%
PORCHLIGHT
HOME REAL ESTATE
SOURCE: BROKER METRICS Criteria: Arapahoe & Denver Counties
BUY
LIST
MKT 1.7%
RE/MAX MASTERS
2017 CLOSED SALE S VO LUM E
$2,221,517,683
$2,217,475,656
2016
2017
2015
2014
$2,381,298,867
$2,082,431,984
$1,122,053,866
2010
2011
2,231
2,326
2,352
2012
2013
$1,718,516,376
$1,102,798,704
2009
$904,038,716
2,611
2,164
2007
2,753
2008
$1,383,261,000
2006
$1,048,219,060
$1,396,086,985
2005
3,272
3,011
2,973
$1,401,071,170
2004
3,548
3,905
3,776
3,996
4,485
3,548
$1,245,666,220
2,782
2,766
2002
2,821
2003
$1,021,497,569
2001
$1,069,583,651
$1,024,370,152
2017 CLOSED SALE S T RANSAC T I O NS
$2,185,929,162
$2,217,475,656
N U M B
E
R
O
N
E
IN COLORADO FOR SALES VOLUME PER AGENT
When compared to RISMedia Real Estate Magazine’s 2017 Power Broker Survey, Kentwood Real Estate ranked #1 in Colorado and #4 nationally for highest average volume sold per associate in 2016. Kentwood is comprised of three Denver real estate offices, located in Downtown Denver, Cherry Creek and The Denver Tech Center with a total of 190 agents. Kentwood had four consecutive years with total sales over $2 billion from 2013 to 2017. The company looks forward to surpassing its previous records in 2018.
N ATI O N A L RA N K I N G • SA L E S VO LU M E P E R AS S O C I AT E COMPANY S TAT E
SA L E S AS S O CI AT E S
SA L E S VO LUM E
SA L E S VOLUME P E R ASSOCIAT E
1. Hilton & Hyland
CA
150
$2,853,556,334
$19,023,709
2. Washington Fine Properties
DC
150
$2,262,614,090
$15,084,094
3. Paragon Real Estate Group
CA
162
$2,145,335,000
$13,242,809
4. KENTWOOD REAL ESTATE
CO
190
$2,221,517,683
$11,692,198
5. Slifer Smith & Frampton
CO
150
$1,646,846,423
$10,978,976
6. Hasson Company
OR
173
$1,854,529,396
$10,719,823
7. Decker Bullock Sotheby’s International Realty
CA
172
$1,825,986,949
$10,616,203
8. Today Sotheby’s International Realty
CA
81
$810,742,246
$10,009,164
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GIVING BACK TO THE COMMUNITY Kentwood as a local company has always taken pride in being a good neighbor and today, Kentwood Real Estate continues to support numerous civic and community endeavors. Every year, Kentwood and its agents demonstrate their commitment to the community by volunteering and supporting local charities and events.
ACE Scholarships African School Assistance Project Alzheimer’s Association American Heart Association Amp The Cause Anchor Center for Blind Children ASPCA Barth Hotel Be the Gift Big Brothers, Big Sisters of Colorado Bonfils Blood Center Boy Scouts Troop 199 Brent’s Place Byers Middle School Camp Wapiyapi Cancer League of Colorado Castle Rock Firefighters Cherry Hills Land Preserve Cherry Hills Village Elementary Cherry Park Children International Children’s Hospital Children’s Diabetes Foundation City Lax Civic Center Conservancy Clyfford Still Museum Coalition for the Homeless Colorado Agency for Jewish Education Colorado Cancer Foundation Colorado College Colorado Haiti Project Colorado Outward Bound School Colorado Ovarian Cancer Alliance Colorado Pet Pantry Colorado Police Officer’s Foundation Colorado Public Radio Colorado Shares Food Drive Colorado University Sustainable Excellence Initiative Colorado Wind Ensemble Community Shares of Colorado CU Denver School of Business Culture Haus D.E.A. Survivors Fund Dennison Elementary School Denver Art Museum Denver Bike Share - B Cycle Denver Botanic Gardens Denver CASA Denver Children’s Home Denver Dumb Friends League Denver Film Society Denver Hospice Denver Kids Denver Metropolitan Major League Baseball Stadium District Board
Denver Rescue Mission Denver Urban Matters DMK Rehoming Don Miguel Charities Downtown Denver Partnership Eastern Star Masonic Retirement Campus Families First First Descents Flatirons Community Church Food Bank of the Rockies Food for the Poor Forgotten Felines Rescue Friends of Manual Friends of Painting and Sculpture Front Rangers Cycling Club Girl Scouts of America Girls, Inc. Glery Ross Foundation Global Down Syndrome Golden High School GoodWill Colorado Greater Park Hill Community GreenPeace Habitat for Humanity of Metro Denver Highland United Neighbors Inc. Hope’s Promise Orphan Ministries Invest in Kids Jewish Colorado Justice Rescue Kempe Foundation Komen Colorado Ladies of Charity - Holy Ghost Church Leukemia and Lymphoma Society Littleton Life Center LoDo Cares LoDo District, Inc Make-a-Wish Foundation Mercy House Metro Caring Mile Hi Youth Corp Mile High Early Learning Morris Animal Foundation Most Precious Blood Muscular Dystrophy - Samples Concert Museum of Contemporary Art National Western Stock Show NPR NSCD Optimist International Parkinson’s Association of the Rockies PetBucks Plan JeffCo Planned Parenthood of the Rocky Mountains Porter Hospice Program
Pradera Project Angelheart Project Cure Project Pave Race for Research Ralston Elementary School RedLine Regis Jesuit High School Regis University Rocky Mountain Feline Rescue Roundup River Ranch SafeHouse Denver Salvation Army Santa Claus Shop Sara’s Home Save the Children Shining Stars Foundation Shriners Hospital Siena Smile Train Soles 4 Souls South Metro Food Bank St. Jude Children’s Hospital Temple Sinai Tennyson Center The Challenge Foundation The Colorado Ballet The Delores Project The Humane Society of the United States The Jewish Experience The Kitchen Community The Melanoma Research Foundation The Third Way Center Theodore Roosevelt Medora Foundation There with Care Toys for Tots Unified Lacrosse University of Notre Dame Charities University of Wisconsin Mile High Alumni Veterans of Foreign Wars Washington Park East Neighborhood Association WeeCycle West Middle School Wild Animal Sanctuary Wish for Wheels Women Who Wine and Who are Charitable Women’s Bean Project Women’s Global Empowerment Fund World Wildlife Fund Wounded Warrior Project Zara Project
N O N - P R O F I T S , C H A R I T I E S , C I V I C & C O M M U N I T Y E N D E AV O R S SUPPORTED BY KENTWOOD AGENTS
BUYING WITH KENTWOOD CONFIDENCE IN THE BUYING P R O C E S S F R O M S TA R T T O F I N I S H
AN AGENT’S RESPONSIBILITIES Your Kentwood Agent will provide the luxury of personalized service and take care of it all, from specialized market knowledge to negotiating and closing your transaction.
EXPERT GUIDANCE
• Frame a property search around what’s most important to you • Recommend lenders for pre-approval to help determine a realistic price range, strengthen your offer and lead to a faster closing
RESPONSIVENESS
• Act in good faith at all times • Adhere to your instructions • Return all calls and emails promptly • Closely track dates and deadlines
• Search MLS daily to find new properties that match your criteria • Preview properties, schedule appointments and accompany you to showings • Analyze comparable property values and advise you on current market conditions
ACCOUNTING
• Receive and monitor all earnest money deposits • Receive and deliver all documents in a timely manner • Review final settlement statements
• Structure and prepare your offer, review disclosures and laws and deliver the contract
L O YA LT Y
• Negotiate skillfully on your behalf and promote clear and frequent communication among all parties • Review title commitment, recommend home inspectors, facilitate lender approval and insurance coverage, and recommend attorneys or tax professionals as needed • Accompany you on your final walk-through
• Place your interests above all others • Keep your personal information strictly confidential • Ensure that all parties to the transaction are fully informed about any material facts that may affect the transaction
GENERAL STEPS IN THE KENTWOOD BUYING PROCESS
A S Y O U R A G E N T, I W I L L :
DISCUSS YOUR NEEDS
RECOMMEND LENDERS FOR PRE-APPROVAL
SEARCH MLS FOR NEW PROPERTIES
ANALYZE COMPARABLE PROPERTY VALUES
DETERMINE SEARCH PARAMETERS
DETERMINE REALISTIC PRICE
PREVIEW PROPERTIES
PREVIEW PROPERTIES
FACILITATE FASTER CLOSING
SCHEDULE & ACCOMPANY YOU TO SHOWINGS
REVIEW SETTLEMENT STATEMENT
ACCOMPANY YOU ON FINAL WALK THROUGH
FACILITATE CLOSING
DECISION TO BUY PROPERTY AND PREPARE OFFER VALUES
REVIEW DISCLOSURES AND LAWS
DELIVER CONTRACT TO SELLER OR AGENT
NEGOTIATE ON YOUR BEHALF
FACILITATE HOME INSPECTION
WELCOME HOME!
REVIEW TITLE COMMITMENT
ENSURE COMMUNICATION AMONG ALL PARTIES
THE PEOPLE INVOLVED AND HOW COMMUNICATION TAKES PLACE
BUYER’S AGENT
BUYER
LENDER
LISTING AGENT
SELLER
TITLE COMPANY
INSPECTOR
ABOUT THE COMMISSION
SELLER TYPICALLY PAYS
LISTING AGENT’S BROKERAGE OFFICE
LISTING AGENT
SOMETIMES BUYER PAYS
BUYER AGENT’S BROKERAGE OFFICE
BUYER’S AGENT
OUR DIGITAL REACH KENTWOOD’S TECHNOLOGY HELPS YOU FIND THE PERFECT PROPERTY
A L L D E N V E R M E T R O L I S T I N G S can be viewed 24/7 on the continually updated DenverRealEstate.com. Kentwood has deployed cutting-edge technology in order to give you the most robust search tools, and information about brokers, home buyer resources, and market data. Get to know Denver by browsing through our in-depth community profiles. With our “Property Alerts” feature, you can save searches, share properties, and automatically keep your Kentwood realtor up to date with what you like. You can also create an account by using your Facebook or Google login information. The cornerstone of DenverRealEstate.com is our Advanced Interactive Mapping (AIM) feature. Consumer studies show that home buyers prefer visually oriented, interactive property searches. We provide a unique map-based property search that allows you to search for just the right home and neighborhood.
D E N V E R R E A L E S TAT E . C O M C A N P R O V I D E A L L O F T H E T O O L S YO U N E E D FOR PRODUCTIVE PROPERTY SEARCHES, INCLUDING:
• Real time, dynamic search functionality • Display of all property listing data on the map according to the search characteristics from your selection • The ability to draw custom search boundaries using the interactive ‘polygon’ search tool • Point-of-Interest Plotting, enabling the buyer to search for area shops, services and amenities such as restaurants and schools • Satellite photos of entire search areas as well as close-up “Street View” photographs of any neighborhood • Market data and statistics • Relevant information that aligns with your Denver lifestyle. Categories include Events, Restaurants, Things to Do, Theatre and Arts, Music and Concerts, and Sports
WEB TRAFFIC SOURCES
S E A R C H E N G I N E O P T I M I Z AT I O N ( S E O) Search Engine Optimization (SEO) is a system of methods used to enhance a website’s ranking in the natural search results of search engines. This includes
27.9%
optimizing many factors including the use of relevant keywords and making sites web compliant, to name a few.
ORGANIC SEARCH 166,9 8 9
50.6%
DIRECT TRAFFIC 302, 2 57
13.6%
REFERRING SITES 81,562
7.8%
SOCIAL TRAFFIC 46,52 3
SITE USAGE
597,804 59.12%
TOTA L V I S I T S
NEW VISITS
2,743,322 4.59 3:41
PAG E V I E WS
AV E RAG E PAG E V I E WS P E R V I S I TO R
AV E RAG E T I ME O N S I T E (MI N U T E S)
SOURCES BY LOCATION
H I GHEST CONCEN T RAT I ON
597,804 V I S I T S F R O M 200 COUNTRIES / TERRITORIES
LOW ER CONCENTRATION
LOW EST CONCENTRATION
UNI TED STATES . . . . . . . . . 548,377
I NDI A . . . . . . . . . . . . . . . . . . . . . . . 2,528
C A NADA . . . . . . . . . . . . . . . . . . . . 8,502
RUSSI A . . . . . . . . . . . . . . . . . . . . . 1,835
B RAZI L . . . . . . . . . . . . . . . . . . . . . 4,636
FRANCE . . . . . . . . . . . . . . . . . . . . 1,545
UNI TED KI NG DO M . . . . . . . . . 3,668
G ER MANY . . . . . . . . . . . . . . . . . . 1,223
P H I L I PPI NES . . . . . . . . . . . . . . . 2,910
SWI TZER L AND . . . . . . . . . . . . . 1,175
AU STRAL I A . . . . . . . . . . . . . . . . . 2,668
THE MOBILE MOVEMENT OUR OWN SMARTPHONE A N D TA B L E T A P P S Kentwood knows that more than 50% of real estate searches are done on mobile devices. This makes mobile accessibility crucial to the real estate market.
MOBILE VISITS Total mobile visits to DenverRealEstate.com increased 5% from 2016 to 2017:
2017
241,051
2016
239,808
MOBILE DEVICES Top mobile devices used to visit DenverRealEstate.com in 2017:
IPHONE
117,802
IPAD
42,424
ANDROID
51,499
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REFERENCES FOR BUYERS ADDITIONAL HELPFUL I N F O R M AT I O N
1.
6.
SELECT A B UY E R ’ S AGE NT TO R E P R E S E NT YOUR INTERE ST S.
MA K E A N O F F E R BY S U BMI T T I N G YO U R CO N T RAC T T H RO U G H YO U R K E N T WO O D AG E N T TO T H E S E L L E R FO R RE V I E W.
2.
7.
B EGIN YOUR SE ARC H FO R A NE W HOME B EFO R E YO UR E X I ST I NG HO M E IS UNDER CO NT RAC T.
F I N A L I Z E A N O F F I C I A L CO N T RAC T T H RO U G H YO U R K E N T WO O D AG E N T. S U BMI T E A RN E S T MO N E Y AS REQ U I RE D.
3.
8.
DISCUSS YO UR NE E DS. M AKE S UR E YO UR AGENT F UL LY UNDE R S TANDS WHAT T Y P E OF HOME WI L L B E S T SUI T YO U.
S EC U RE MO RTGAG E CO MMI T ME N T.
4.
9.
LEAR N ALL YO U C AN AB O UT T HE COMMUNITY YO U WO UL D L I KE TO L I VE I N.
MA K E P RE L I MI N A RY MOV I N G P L A N S W I T H REGA RD TO U T I L I T I E S , I N S U RA N CE P O L I C I E S , E TC .
5.
10.
B ECOM E P RE-AP P ROVE D WI T H A M ORTGAGE L E NDE R , AS T HI S WI L L M AKE YOU A M OR E AT T RAC T I VE B UY E R WHE N M AKING AN O FFE R .
F I NA L I NSP ECTI O N A ND CLOSI NG
GENERAL STEPS IN THE KENTWOOD BUYING PROCESS
ALL ABOUT YOUR OFFER The written offer you submit to a seller becomes a binding sales contract if the owner accepts it. Your Kentwood agent will ensure that your offer is complete and serves your best interests.
YOUR OFFER INCLUDES:
• Address and legal description of the property • Price you are offering to pay for the property • Terms such as “all cash” or “subject to you obtaining a mortgage for a given amount” • Anticipated closing date when title will be transferred • Earnest money accompanying the offer and cash-at-closing balance required, as well as the form it is in, i.e. check or promissory note • Contract provisions stating which party is responsible for the title insurance, survey, property inspections and similar expenses • Type of deed to be conveyed
• Other requirements specific to your sale. These might include special inspections, tax advice, or occasionally, attorney review, disclosure of specific environmental hazards, or other state-specific requirements • A provision that the buyer may make a last-minute walk-through inspection of the property just before closing • A time limit after which the offer will expire • Contingencies that state the sale will only go through if certain conditions are met • Common contract contingencies include the buyer obtaining specific financing from a lending institution, a satisfactory report by a home inspector, and an appraisal for at least the value of the contracted price
I N F O R M AT I O N E V E RY B U Y E R S H O U L D K N O W As the buyer, you may be responsible for the following expenses associated with the purchase of your home:
P RO P E RTY IN SP ECTI ON
$200 to $600 (Can vary depending upon square footage
of property and number of inclusions)
L E A D PA IN T IN SPECTI ON
$250 to $300
H OM EOW N E R’S INSURANCE Varies T I T L E COM PA N Y REAL ESTATE CLOSI NG FEE $150 D O C FEE (STATE TAX STAMPS)
$1 per $1,000 of sale price
P RO P E RTY TA X ES
Will be a credit to you for the portion of the year
that the seller owned the property
R ECO RD IN G FEE
$150-$200
SETTLEMENT COSTS ASSOCIATED WITH YOUR LENDER
LOA N A P P L IC AT ION
$250 to $500
LOA N O RIG IN ATI ON FEE (OPTI ONAL)
$500 to $1,000
LOA N C LOSIN G FEE TO TI TLE COMPANY $330 P R IVATE M O RTGAGE I NSURANCE (PMI)
Required if loan amount is more than 80% of
purchase price (discuss with lender)
U N D ERW RITIN G FEE
$250 to $500
A PP RA ISA L F E E
$550 to $750 depending on size of home
D O C U M EN T P RE PARATI ON
$50 to $300
F LO O D C E RTIFIC ATI ON FEE
$11 to $20
L E N D E R’S TITL E I NSURANCE POLI CY
$300 and up
CRED IT RE P ORT
$16 (varies)
H AZA RD IN SU RA NCE
Premium for 1 year
TAX C E RTIFIC AT ION $25 TAX SERV IC E FEE
$75 to $100
PRE-PAIDS
R ESERV E FU N D FOR TAX ESCROW
2 to 8 months prepaid real estate taxes
(May be received as credit from seller)
P R EPA ID IN TEREST
Interest on loan from closing date to end of month
H AZA RD IN SU RA NCE ESCROW
Typically 3 months SOURCE: HOMESERVICES LENDING *COSTS ARE APPROXIMATIONS AND MAY VARY
YO U R M O R T G A G E PAY M E N T T Y P I C A L LY I N C L U D E S : P R I N C I PA L The amount of money borrowed. Each month a portion of the principal is paid back. Over time, interest becomes a smaller part of the monthly mortgage payment, and more of the payment goes toward reducing the principal owed.
INTEREST The cost of borrowing money, usually expressed as an annual percentage of the loan amount, for example, 4% or 6%. Principal and interest are amortized over a period of years, typically for 15 or 30 years.
P R O P E R T Y TA X E S Taxes paid to a local government, usually a percentage of your property value, based on the mil levy. Your lender generally collects the taxes through your monthly payments and pays them directly to the local government. The amount of tax will vary depending upon where you live and the type of property you own.
HAZARD INSURANCE
B r e a k d o w n o f m o r t g a g e p ay m e n t
An insurance policy that protects you from financial losses on your property that result from fire or other hazards.
P R I VAT E M O R T G A G E I N S U R A N C E ( P M I ) An insurance policy for down payments of less than 20% of the home price, which helps mortgage lenders recover some losses if a borrower fails to fully repay. Mortgage insurance makes it possible to buy a home with a low down payment.
M O R T G A G E A P P L I C AT I O N C H E C K L I S T
Copy of signed sales contract with all addenda and amendments attached
Your address for the past two years
The name and address of your employer for the past two years
Social Security numbers for all applicants
W2 forms for the past two years
Copies of pay stubs for the most recent 30-day period
Copies of statements for most recent two months (or most recent quarterly statement) for bank accounts, mutual funds, brokerage accounts, retirement, etc. to identify the source of your down payment and asset reserves. All pages of the statements will be required, even if blank
Most recent two years federal tax returns, including all schedules. If applicable, most recent two years corporate or partnership federal tax returns, including K1s, for all companies in which the applicant has ownership interest
Copy of canceled earnest money check, both sides, when available
Name, address, and phone number of current landlord, if applicable
Schedule of real estate
You also may be asked for information on VA loans, Certificate of Eligibility or DD-214, pending lawsuits, former bankruptcies or foreclosures, rental leases, and divorce decrees outlining child support or alimony
Name and number of the insurance agent you will be using for your homeowners insurance
AF TER YOUR LOAN O FFI C E R R E VI E WS YO U R A P P L I C AT I O N , A D D I T I O N A L I N FO RMAT I O N MAY BE REQ U I R E D.
A QUICK GUIDE TO AGENCY TERMS SELLER’S AGENT
A seller’s agent works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller’s agent must disclose to potential buyers all adverse material facts actually known by the seller’s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller.
BUYER’S AGENT
A buyer’s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer’s agent must disclose to potential sellers all adverse material facts actually known by the buyer’s agent, including the buyer’s financial ability to perform the terms of the transaction and, if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer.
TRANSACTION-BROKER
A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer’s financial ability to perform the terms of a transaction and, if a residential property, whether the buyer intends to occupy the property. No written agreement is required.
CUSTOMER
A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party’s agent or as the party’s transaction-broker.
A G LO S S A RY O F C O M M O N R E A L E S TAT E T E R M S
APPRAISER
The person who decides the market value of a home based on its condition and the selling prices of comparable homes recently sold in the area. His or her job is to compute a fair estimate of market value to help the lender determine a reasonable loan amount.
AS S E S S O R
A public official who appraises property for tax purposes, determining the assessed value, not the tax rate.
CLOSING
The conclusion of a real estate transaction, which includes delivery of a deed, financial adjustments, signing of notes and disbursement of funds necessary to the sale or loan.
CONTINGENCY
CONVENTIONAL LOAN
F I X E D - R AT E L O A N
A condition that must be met before a contract is binding. For example, the sale of a home might be contingent upon the seller paying for certain repairs, resulting from the buyer’s inspection.
A loan made with real estate as security and not involving government participation in the form of insuring (FHA) or guaranteeing (VA) the loan.
A loan with the same rate of interest for the life of the loan.
HOMEOWNER’S POLICY
I N T E R E S T R AT E C A P
OPEN MORTGAGE
A multiple-peril insurance policy commonly called a package policy. Available to owners of private homes, it covers the dwelling and contents in case of theft, fire, or wind damage, as well as liability for property damage and personal liability.
POINT
A point is a dollar amount paid to a lender for making a loan, each point being equal to one percent of the loan amount, also called a discount point.
The maximum interest rate charge allowed on an adjustable-rate loan for any one adjustment period during the life of the loan.
R E A LT O R
A member of the National Association of Realtors who subscribes to a strict code of ethics.
A mortgage that may be repaid in full at any time over the life of the loan without a pre-payment penalty.
TITLE
Documentary evidence of the right to or ownership of property, which in real estate is the deed. Title may be acquired through purchase, inheritance, gift or exchange, as well as through foreclosure of a mortgage.
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d e n v e r n e w r e s i d e n t i n f o r m at i o n
C A B L E T V / S AT E L L I T E
COMCAST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-934-6489 Xfinity.com DIRECT TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 888-777-2454 DirecTV.com DISH NETWORK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 855-318-0572 Dish.com
UTILITIES When opening any account, it is advisable to have at least two pieces of identification: at least one with your photo and one with proof of your new address.
CENTURYLINK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 877-837-5738 (Telephone & Internet) CenturyLink.com XCEL ENERGY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-895-4999 (Gas & Electric) XcelEnergy.com TRASH COLLECTION & STREET . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 720-913-8479 MAINTENANCE & RECYCLING Kentwood.com/trashrecycling WATER / SEWER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 303-893-2444 DenverWater.org
POST OFFICES
UNITED STATES POSTAL SERVICE . . . . . . . . . . . . . . . . . . . . . . . . . 800-ASK-USPS 800-275-8777 usps.com
PUBLIC SCHOOLS
DENVER PUBLIC SCHOOLS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 720-423-3054 dpsk12.org ALL SCHOOL DISTRICTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GreatSchools.org
DIVISION OF MOTOR VECHICLES
MARRIAGE LICENSING
HOMEOWNER’S EXEMPTIONS/ P R O P E R T Y TA X I N F O
TA X E S
VEHICLE LICENSE INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . Colorado.gov/revenue/dmv
DENVER CLERK & RECORDER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 720-865-8400 DenverGov.org/ClerkAndRecorder
DENVER COUNTY ASSESSOR’S OFFICE . . . . . . . . . . . . . . . . . . . . DenverGov.org/assessor
INCOME-FEDERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-829-1040 INCOME-STATE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 303-238-7378
T R A N S P O R TAT I O N
REGIONAL TRANSPORTATION DISTRICT. . . . . . . . . . . . . . . . . . . . . 303-299-6000 (Bus and Lightrail) RTD-Denver.com AMTRAK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-USA-RAIL (800-872-7245) Amtrak.com AIRPORT INFORMATION - DIA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-247-2336 303-342-2000 FlyDenver.com
VOTER R E G I S T R AT I O N
GENERAL CITY OF DENVER SERVICES
VOTER REGISTRATION INFORMATION . . . . . . . . . . . . . . . . . . . . . . 720-913-8683 Kentwood.com/voterregistration
CITY OF DENVER SERVICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dial 311
FOR MORE I NFORMATI ON, PLEAS E V I S I T W W W. D EN V ER REA LES TATE.COM / RELOC ATI ON
NEIGHBORHOOD REFERENCE GUIDE EXPLORE DENVER’S COMMUNITIES Colorado has many wonderful and beautiful cities that offer a wide variety of arts, culture, recreation and entertainment. Following is a list of communities that offer these unique traits.
NEIGHBORHOOD
NORTH
SOUTH
E AS T
WEST
ALAMO PLACITA
6th Ave
Speer Blvd
Downing St
Pennsylvania Ave
BAKER
6th Ave
Mississippi Ave
Broadway
S Platte River Dr
BALL PARK
30th St
15th St/18th St
Lawrence/Welton
S Platte River
BELCARO
Cherry Creek Dr S
Mississippi Ave
Colorado Blvd
University Blvd
BELMAR
Alameda Ave
Virginia Ave
Ouray St
Wadsworth Blvd
BERKELEY
52nd Ave
46th Ave
Federal Blvd
Sheridan Blvd
BONNIE BRAE
Exposition Ave
Mississippi Ave
S Steele St
University Blvd
BYERS
Speer Blvd
Alameda Ave
Downing St
Broadway
CAPITOL HILL
Colfax Ave
7th Ave
Downing St
Broadway
CASTLE PINES NORTH
Grigs Road
Country Club
I-25
Daniels Park Road
CASTLE PINES VILLAGE
Country Club Pkwy
Santa Fe Drive
I-25
Daniels Park Road
CHAFFEE PARK
50th Ave
38th Ave
Inca St
Tejon St
CHEESMAN PARK
Colfax Ave
6th Ave
York St
Downing St
CHERRY CREEK NORTH
6th Ave
1st Ave
Colorado Blvd
University Blvd
CHERRY CREEK SOUTH
1st Ave
Cherry Creek Dr S
Colorado Blvd
University Blvd
CHERRY HILLS
Hampden Ave
Belleview Ave
Monaco Pkwy
Clarkson St
CITY PARK
23rd Ave
Colfax Ave
Colorado Blvd
York St
CITY PARK WEST
23rd Ave
Colfax Ave
York St
Downing St
CONGRESS PARK
Colfax Ave
6th Ave
Colorado Blvd
York St
CORY-MERRILL
Missississi Ave
I-25
Colorado Blvd
University Blvd
COUNTRY CLUB
8th Ave
Alameda Ave
University Blvd
Downing St
CRESTMOOR
6th Ave
Alameda/1st Ave
Monaco Pkwy
Holly St
CURTIS PARK
Brighton Blvd/Blake St Welton St
Downing St
20th St
DOWNTOWN
Larimer/Park Ave
Colfax Ave
Broadway
Lawrence St/Speer Blvd
FIVE POINTS
38th Ave
20th Ave/Colfax
Downing St
S Platte River D
GLENMOOR
Glenmoor Dr
Belleview Ave
Glenmoor Dr
Glenmoor Cir
GOLDEN TRIANGLE
Colfax Ave
Speer Blvd
Lincoln St
Speer Blvd
GREEN OAKS
Green Oaks Dr
Orchard Rd
University Blvd
Clarkson St
GREENWOOD VILLAGE - EAST
Belleview Ave
Orchard Rd
Dayton St
I-25
GREENWOOD VILLAGE - WEST
Belleview Ave
Orchard Rd
I-25
Clarkson St
HALE MAYFAIR
Colfax Ave
6th Ave
Holly St
Ash St
HERITAGE HILLS
C-470
Lincoln Ave
I-25
S Yosemite St
HIGHLANDS - POTTER
38th Ave
Speer Blvd
S Platte River Dr
Federal Blvd
HIGHLANDS - WEST
38th Ave
29th Ave
Federal Blvd
Sheridan Blvd
HILLTOP
8th Ave
Alameda Ave
Quebec/Monaco
Colorado Blvd
NEIGHBORHOOD
NORTH
SOUTH
E AS T
WEST Federal Blvd
JEFFERSON PARK
Speer Blvd
Colfax Ave
S Platte River Dr
LODO/RIVERFRONT
Park Ave/Platte St
Lawrence St
S Platte River Dr/20th St Speer Blvd
LOHI
38th Ave
23rd Ave
I-25
Federal Blvd
LOWRY
11th Ave
Alameda Ave
Dayton/Havana
Quebec/Oneida/Monaco
MAYFAIR
Colfax Ave
6th Ave
Holly St
Colorado Blvd
MEADOWS
Santa Fe Dr
Wolfensberger Rd
I-25
N Perry Park Rd
MONTCLAIR
Colfax Ave
6th Ave
Quebec St
Holly St
NORTH PARK HILL
MLK Blvd
23rd Ave
Quebec St
Colorado Blvd
OBSERVATORY PARK
Evans Ave
Yale Ave
Colorado Blvd
University Blvd
PINERY
Pinery Pkwy
Democrat Rd
Pinery Pkwy
Parker Rd
PINEY CREEK
Smoky Hill Rd
Orchard Rd
Buckley Rd
Parker Rd
PLATT PARK
I-25/Mississippi Ave
Evans Ave
Downing St
Broadway
PLUM CREEK
Plum Creek Pkwy
Tomah Rd
Lake Gulch Rd
I-25
POLO GROUNDS
Cherry Creek Dr S
Exposition Ave
Colorado Blvd
University Blvd
PRADERA
Raintree Cir
Carefree Trail
Cherry Creek
Crowfoot Valley Rd
PRESERVE
Belleview Ave
Orchard Rd
Colorado Blvd
Holly St
REGIS
52nd Ave
I-70
Federal Blvd
Harlan St
RINO
I-70
Park Ave
Arapahoe St
I-25
SADDLE ROCK
Smoky Hill Rd
Arapahoe Rd
E-470
Liverpool St
SLOAN’S LAKE
29th Ave
17th / 19th Ave
Federal Blvd
Sheridan Blvd
SOUTH PARK HILL
23rd Ave
Colfax Ave
Quebec St
Colorado Blvd
SOUTHMOOR PARK
Hampden Ave
Belleview Ave
Yosemite St
Happy Canyon Rd
STAPLETON
I-70
Montview Blvd
Havana St
Quebec St
STONEGATE
E-470
Stonegate Pkwy
Jordan Rd
Chambers Rd
SUNNYSIDE
I-70
38th Ave
Inca St
Federal Blvd
TALLGRASS
Hampden Ave
Quincy Ave
Picadilly Rd
Liverpool St
TALLYN’S REACH
Smoky Hill Rd
County Line Rd
Powhaton Rd
E-470
UNIVERSITY HILLS
I-25
Hampden Ave
I-25
Colorado Blvd
UPTOWN
23rd/ 26th/ Welton
Colfax Ave
Downing St/York St
Broadway
VIRGINIA VILLAGE
Mississippi Ave
Evans Ave
Cherry Creek Dr S
S Colorado Blvd/Quebec
WASH PARK - EAST
Alameda Ave
I-25
University Blvd
Downing St
WASH PARK - WEST
Alameda Ave
I-25 / Mississippi Ave Broadway
Downing St
WASHINGTON - VIRGINIA VALE
Alameda Ave
Cherry Creek N
Quebec St
Colorado Blvd
WELLSHIRE / SOUTHERN HILLS
Yale Ave
Hampden Ave
University Blvd
Colorado Blvd
WHITTIER
MLK Blvd
23rd Ave
York St
Downing St
WILLOW CREEK
Dry Creek Rd
County Line Rd
Yosemite St
Quebec St
CHAFFEE PARK
REGIS
GLOBEVILLE
NE
NORTHFIELD ELYRIA SWANSEA
DENVER
I-70
NW
BERKELEY
SUNNYSIDE
RINO
DENVER
I-25 WEST HIGHLAND
HIGHLAND
FIVE POINTS JEFFERSON PARK
AURARIA
SUN VALLEY
DOWNTOWN
NORTH CAPITOL HILL
LINCOLN PARK
CAPITOL HILL
ALAMO PLACITA
SW
BAKER VALDERE
ATHMAR PARK
MAR LEE
RUBY HILL
WASH PARK WEST
OVERLAND
CITY PARK
SOUTH PARK HILL EAST COLFAX
COLLEGE VIEW
CHEESMAN PARK
COUNTRY CLUB
WASH PARK
CONGRESS PARK
CHERRY CREEK
BONNIE BRAE
MAYFAIR
HILLTOP
MONTCLAIR
CRESTMOOR
LOWRY
VIRGINIA VALE
BELCARO
WINDSOR
VIRGINIA VILLAGE
PLATT PARK
INDIAN CREEK
OBSERVATORY PARK
SOUTH PLATTE UNIVERSITY
ROSEDALE
SE
DENVER
GOLDSMITH
UNIVERSITY PARK SLAVENS
HARVEY PARK SOUTH
FORT LOGAN
MARSTON
CITY PARK WEST
CORY MERRILL
DENVER
BEAR VALLEY
NORTH PARK HILL
SPEER
WESTWOOD
HARVEY PARK
SKYLAND
GOLDEN TRIANGLE
VILLA PARK
BARNUM
WHITTIER
I-225
STAPLETON
LODO
WEST COLFAX
WEST BARNUM
CLAYTON
CURTIS PARK
LOHI
SLOAN’S LAKE
NORTHEAST PARK HILL COLE
WELLSHIRE
UNIVERSITY HILLS
HAMPDEN
SOUTHMOOR PARK
KENNEDY
I-225
HAMPDEN SOUTH
TO FORT COLLINS
LONGMONT
FIRESTONE
HILLROSE
119 KEENESBERG
52
GUNBARREL BOULDER
HUDSON
ERIE
287
ANTHEM HIGHLANDS
LAFAYETTE
76
85 BRIGHTON
LOUISVILLE
36
25 NORTHGLENN
BROOMFIELD THORNTON
Northern Suburban Areas
E-470 WESTMINSTER
270
DIA
76
ARVADA
GOLDEN
70
WHEAT RIDGE
APPLEWOOD
CHERRY CREEK
70 LAKEWOOD
GENESEE
AURORA
25
MORRISON
Suburban
ENGLEWOOD CHERRY HILLS VILLAGE
LITTLETON
EVERGREEN
470
West
70
DENVER
CENTENNIAL GREENWOOD VILLAGE
KEN CARYL
E-470
285
LONE TREE
DEER CREEK CANYON
HIGHLANDS RANCH
CONIFER
85
PARKER CASTLE PINES
25 ELIZABETH
SEDALIA BAILEY
83
PINE CASTLE ROCK
67
86
105
Douglas County
LARKSPUR
TO COLORADO SPRINGS
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kentwood Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.