Buy with Confidence
Paula Davidson King, CRS After growing up in Canfield, Ohio, I attended the University of Kentucky (yes, when Adolph Rupp was coach and Pat Riley was playing basketball). Moving to California in 1968, I worked in advertising, film production and at a talent agency. At Columbia Pictures for two years, I was assistant to the vice president in charge of worldwide production, Peter Guber, and then moved on to production assistant in the art department at Warner Brothers Records for two years. Exciting for awhile, but I found my calling when I entered the real estate field in 1976. I sold three houses in my first six weeks and thought “what an easy way to make a living”. Needless to say, there have been bumps in the road, but I learn from each one as I continue this enjoyable gratifying trip. As a consistent top producer, I’ve received my share of industry accolades, including 5280 Magazine’s Five Star Real Estate Agents and Denver Round Table recipient for production exceeding $10 million per year. But the true reward is the incredible loyalty my clients have shown to me: for my professionalism and unrelenting commitment to personal service. California was good to us, but we made the decision that Colorado was 303.601.2880 PaulaKing@Kentwood.com BoulderHomeKings.com
the place to raise our son. We moved here in 1994 and I have been a proud member of Kentwood Real Estate Cherry Creek since 2000. On the personal side, my husband, David, after a career as a sales and marketing consultant for new home builders, is fulfilling his dream, completing his first novel. Our son, Matthew, a graduate of Niwot High School, attended The University of Colorado and joined me in the family business in 2011. My home is in Erie, but my broad arena of real estate expertise covers the Denver metro area, the Northern suburbs and Boulder County. A responsibility to my community has always been part of my package: In California, I was a founding board member of Camp Ronald McDonald for Good Times, president of the board of a Christian nursery school, a PTA vice president, and committee member of the Special Olympics. In Denver I have been actively involved in Dressed for Success (for troubled women coming back into the work force) and served on committees for Denver Academy. I am presently on the Town of Erie Historic Preservation Advisory Board. Thank you for meeting with me today. A list of very contented clients is available upon your request. There are many qualified Realtors, and I appreciate your considering me as your representative in this important decision; marketing or purchasing your home.
Matt King Living and working in the Denver and Boulder areas contributed to my exceptional knowledge of both communities. Attending the University of Colorado at Boulder framed my love for the town, and I still spend much of my free time visiting the city and helping real estate purchasers and sellers there. The first home I purchased was in Denverâ€™s historic Montclair neighborhood; centrally located near my Kentwood office in Cherry Creek allowing me to concentrate on the areas of Stapleton, Lowry, Park Hill and more specifically Montclair. When my business began drawing me more and more to the north metro area, and seeing the rapid growth in that quadrant, I moved back to Erie in 2016, where my real estate career began. Since then I have worked to cultivate an encyclopedic knowledge of where the greater community is and where it is going. I pride myself on being one of the first to know what and when new projects are coming to the area. I have an understanding of the unique pros and cons of each neighborhood in and around the Erie area, with a particular knowledge of Colliers Hill, where we make our home. As a lifelong sports enthusiast, I played baseball and rugby, collegiately. Now 303.885.6738
I expend the passion and energy, required to excel in sports, to insure that
each client receives the uncompromising professionalism necessary to
find their ideal home or obtain the highest value for an existing home. An enjoyment of sabermetrics in baseball has translated to a passion and proficiency for spotting and analyzing values and trends in the market place that gives my clients an edge in making their real estate decisions and transactions. The critical responsibilities inherent with helping people make the most important decision of their lives is taken seriously. Whether it means that I strap on my boots and hike over 30 mountain acres or work into the wee hours of the morning, I am going to make sure you have the right information to make the best decision possible. I accept that trust, and wouldnâ€™t be happier doing anything else. Let me know how I can be of service to you with your next big decision!
“We absolutely love it here. We love the views
”Thank you so much for all your assistance
and the trails…have wonderful neighbors and
helping us find our new home. You made this
can’t get over how great our new home is.
process smooth and easy and we appreciate
Thank you for making it happen.”
your guidance throughout.”
- AMANDA BURMEISTER & TRAVIS LIPPERT, LITTLETON -
- ASHLEY THOMASEN & TIM BARBIAUX, DENVER -
“I wanted to take a moment to write you a thank you for referring us to Paula King at Kentwood Real Estate Cherry Creek. Mark and I showed up in Denver the morning of Thursday June 6th, Paula showed us several homes... and by Friday night we were signing a contract. As I’m sure you can understand, we were very nervous about only having two days to find a home. Due to Paula’s attentiveness, patience and knowledge, we found exactly what we wanted in an area where we wanted to live. I could not have asked for a more pleasant experience.” - JENNA KELLY, AURORA -
“Paula sold my father’s house for full price all
“You were personable, professional, helpful,
cash offer for 10% more than the price other
knowledgeable and so much more. You are
brokers were recommending as a listing price.
absolutely incredible at what you do.”
While others look backward in a reactionary
- NICOLE & STEVE HUBER, ERIE -
mode in assessing markets, Paula looks forward and strategically prices properties. Outstanding professional who delivers!!” - GARY ZARLENGO, NIWOT -
“Your immediate response to our urgent need to find a home, your selection of properties for us to view & your negotiation with the seller was spot on and well done. Your attention to “To the best realtor - Paula, thank you
detail, concern for our construction project and
for helping us find our dream home.
communication were outstanding. You are a
We appreciate your patience and advice.”
great realtor to work with!”
- JUNE & JIM JACOBSEN, PARKER -
- KATHY & RANDY INGALLS, ERIE -
“We worked with Matt King,
“Paula sold my first house for me. I had never gone through
and we were both thrilled with
the process before and she made it easy. She gave me
his work. From the first time he
tips and advice. I followed every one and it made all the
reached out to us to introduce
difference. Her knowledge of the market was first class and
himself to the day we closed
she was always reachable if I had concerns or questions.
(and after!), he went above
She was very patient with this nervous first time seller and
and beyond. This is the third
I am so grateful. She got me maximum value for my home
house that we’ve owned, and
and we were under contract within 2 weeks of going on the
we have never had such a great
market in September. She is a classy, professional real estate
experience with a broker.”
agent who has deep marketing resources and access to professional quality photography/advertising services. If I ever move back to the Denver area she is the agent I will use.” - BRIAN O’QUINN, THORNTON -
“Paula and Matt are absolutely amazing to work with! I have worked with Paula on 3 real estate transactions over 4-5 years and she is always on top of her game. She is not like other realtors, she is understanding, not pushy, and really wants to get you the right house for the right price. As with any home sale, there are hiccups. During these times Paula handled everything with ease and professionalism, where we the home owners would not have done so. I hope we are in our new house for quite awhile, but if not, we will definitely be calling Paula and Matt to sell it for us.” - NICK KACZOR, STAPLETON -
“Paula helped us sell our old home and
“If I had to describe Paula in one word,
purchase our new home. She was wonderful,
it would be “Responsive”. I would sometimes
and went above and beyond on many occasions
email her late at night, assuming that she would
to help us through the process. On our new
respond the next morning and 10 minutes later,
home there were multiple offers. We were told by
I had a response...I swear she may be a robot.
the selling agent that the reason our offer was
She is very friendly, gets to know your likes/
selected was that Paula prepared the offer in a
dislikes quickly which allows for her
more thorough manner. We would not be in our
to recommend homes that you will most
new home if it were not for Paula’s advice
likely like and an overall good realtor.
I definitely recommend Paula!”
- CRAIG ERIKSON, NIWOT -
- ERIC SCHAFFNER, ERIE -
38 years in business
6 consecutive years with total sales over $2 billion
215 top producing agents
20+ average years of experience per agent
4 strategically located offices
170 charitable causes supported
Kentwood Real Estate Kentwood Real Estate is an elite team of REALTORS®
LeadingRE network spans 70 countries and includes
whose exceptional service, local expertise and deep
more than 130,000 real estate professionals selling
community roots create a market advantage for
more property than any of the large national brands.
We are also members of Who’s Who in Luxury Real
From the beginning, Kentwood was built on the foundation of broker excellence. Only the most professional, ethical and knowledgeable top-
Estate, a compendium of the finest residential real estate firms from around the world from local boutique brokerages to large international brands.
producing brokers are selected to be affiliated with
Active and respected in the industry, Kentwood Real
our esteemed brand. Founded as The Kentwood
Estate has a significant number of brokers serving
Company in 1981 to represent a discerning clientele,
on committees and Boards of Directors at local, state
our firm’s original office opened in the Denver Tech
and national real estate associations including the
Center. In 1998, Kentwood opened our Cherry Creek
Denver Metro Association of REALTORS®, Colorado
office, and our downtown location followed in 1999. In
Association of REALTORS®, and the National
2018, Kentwood expanded our footprint to Northern
Association of REALTORS®.
Colorado with the addition of our Fort Collins office.
At our core, Kentwood is built on the foundation of
Kentwood Real Estate is the exclusive Colorado
supporting our local community. The company and
affiliate of Berkshire Hathaway’s HomeServices of
individual brokers are passionate in our ongoing
America. In 2016, the organizations aligned given our
commitment to supporting organizations that aid
shared core values of trust, integrity, stability and
those in need, such as HomeAid Colorado, which
longevity. HomeServices companies are independent
supports non-profits that create housing solutions
brands under the Berkshire Hathaway umbrella, not
and ancillary support for the homeless. Kentwood
franchises. We are owned and operated by BH as a
brokers additionally volunteer and support over
collective of the top real estate brands in the country,
170 local, national and international non-profit
yet managed locally to maintain our independence of
brand, community roots and deep local knowledge.
Our brokers hold themselves to the highest standards
Kentwood is a member of Luxury Portfolio
in the real estate industry and remain committed
International® and Leading Real Estate Companies
to helping their clients, and each other, successfully
of the World®, the largest global network of premier
reach their goals. Kentwood brokers are family and, as
locally branded companies, dominated by many of
soon as you work with one, so are you.
the world’s top-tier independent brokerages. The
Few Colorado neighborhoods exude the
Kentwood Real Estate City Properties is
charm and prestige found in central Denver,
conveniently located across from Union Station,
including the Cherry Creek area. Kentwood
providing outstanding access to Denver’s most
Real Estate Cherry Creek is located in the heart
desired pedestrian-friendly neighborhoods.
of this stimulating and evolving cosmopolitan
Whether seeking a loft in LoDo, a historic
community. Central Denver neighborhoods are
bungalow in Washington Park, a mansion in
known for their vibrant culture, walkable lifestyle
Country Club, a flat in The Highlands, or a retreat
and diverse architecture. Our brokers not
in the foothills, Kentwood City Properties is
only specialize in Central Denver’s prestigious
Colorado’s premier source for “city and city-
neighborhoods, they are also seasoned
close” Denver real estate. Kentwood brokers
professionals with a broad depth of knowledge
are also the leading experts on new housing
in all areas of the Denver Metropolis. Kentwood
trends and are the exclusive listing firm for many
brokers know bungalows to mid-century modern,
of Denver’s finest developers. These projects
Tudors to townhomes and new construction
provide remarkable diversity in location, finish,
amenities and price.
Commercial Brokerage Services provided by Kentwood Commercial KentwoodCommercial.com
Denver Tech Center
A great location is more than a key prerequisite
Kentwood Northern Properties’ premier location
for home buyers – it is also a defining
enables our leading real estate professionals
characteristic of the Kentwood Real Estate DTC
to deliver exceptional service throughout all of
office. Our premier location in the heart of the
Northern Colorado; from just north of Denver
Denver Tech Center enables Kentwood’s leading
to the Wyoming border. Our seasoned brokers
brokers to serve clients in the vibrant southern
not only specialize in Fort Collins’ charming
sector of metro Denver in grand fashion. It’s
communities, they also possess a broad depth
an area characterized by remarkably unique
of knowledge of the entire Northern Colorado
communities, extraordinary amenities, and a
region, an area characterized by a thriving
way of life that enables residents to live, work
economy, educated workforce, and recreational
and play in the same district. From Cherry Hills
opportunities. From Fort Collins’ eclectic enclaves,
to Greenwood Village to Castle Pines Village and
Boulder’s vibrant culture, and Loveland’s urban
points in between, South metro is the location
streets to Windsor’s small-town charm and Erie’s
for many of the region’s estate properties and a
bustling communities, Kentwood brokers provide
you with the most dependable and effective real estate service you can find.
Leasing & Property Management
provided by Denver Rental
provided by HomeServices Lending
A trusted brand
We affiliate with the top brokers in the marketplace and hold ourselves to the highest standards. Our values are worn on our sleeves to prove to our customers that we are there for them, and that we’ll always strive for an ethical solution.
We have never cut corners and we never will. No matter the size or scope of our clients’ needs, we provide white glove service to all. When you walk through our doors you are valued – we are offering our trust. Our brokers are committed to helping our clients, and each other, successfully reach their goals. Kentwood brokers are family and, as soon as you work with one, so are you.
We are nimble because we are part of the community, Colorado is our home. We believe in our communities and our hearts belong here. Our brand is local and will stay that way, but we’re able to bring the world to Colorado when we need to.
We are leaders, and guarantee a personal touch to every client – this is our passion. We adapt and bend to challenges, are problem solvers and dream makers. Through our affiliation with HomeServices of America, we have the backing of one of the most trusted brands in the world—Berkshire Hathaway.
We are able to offer our superior service because we are all at the top of our craft. We are knowledgeable, prestigious, and offer a full-service product – we are quality, not quantity, here to help our community. Luxury is in the eye of the beholder, and we are experts at luxury, locally and globally.
Number One Representing more buyers than any other brokerage
Source: Broker Metrics January 2016 - April 2019 Denver & Larimer counties for homes over $500,000
$2,078,723,160 2018 CLOSED SALES VOLUME
3,183 2018 CLOSED SALES TRANSACTIONS
Share of voice Share of Voice, in public relations, is defined as the percentage of all online news and broadcast content about a company or brand, compared to that of its competitors, over a specified time period. This graph analyzes the volume of Kentwood and competitor coverage between June 1st and December 31st of 2018, and illustrates Kentwood Real Estate’s commitment to being the real estate thought leader in the Colorado market.
KENTWOOD EARNED MEDIA COVERAGE MARKET WIDE
KENTWOOD REAL ESTATE
MADISON & COMPANY
LIV SOTHEBY’S INTERNATIONAL REALTY
PORCHLIGHT REAL ESTATE GROUP
RE/MAX CHERRY CREEK
KELLER WILLIAMS DOWNTOWN DENVER
SLIFER SMITH & FRAMPTON, DENVER
Giving back Kentwood as a local brand 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 our brokers demonstrate our commitment to the community by volunteering and supporting local charities and events.
Organizations Supported by Kentwood Brokers 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 City Year 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 Foundation Golden High School GoodWill Colorado Greater Park Hill Community GreenPeace Habitat for Humanity of Metro Denver High Line Canal Conservatory Highland United Neighbors Inc. HomeAid Colorado 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 Maxfund Animal Adoption Center Mercy Housing 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 Multiple Sclerosis Society 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 College 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 for Women International Women’s Global Empowerment Fund World Wildlife Fund Wounded Warrior Project Zara Project
Buying with Kentwood
A Brokerâ€™s Responsibilities Your Kentwood Broker 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 whatâ€™s most important to you
Responsiveness Act in good faith at all times Adhere to your instructions
Recommend lenders for pre-approval to help determine a realistic price range, strengthen your offer and lead to
Return calls, texts and emails promptly Closely track dates and deadlines
a faster closing Search MLS in real time 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 Structure and prepare your offer,
Accounting Receive and remit earnest money deposits Receive and deliver all documents in a timely manner Review final settlement statements
review disclosures and laws and deliver the contract Negotiate skillfully on your behalf from offer to inspection 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 Attend your closing to help answer any questions
Loyalty 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
Steps in the Kentwood buying process
DISCUSS YOUR NEEDS
RECOMMEND LENDERS FOR PRE-APPROVAL
SEARCH MLS & OTHER SOUCES FOR NEW PROPERTIES
DETERMINE SEARCH PARAMETERS
DETERMINE REALISTIC PRICE
DELIVER CONTRACT TO SELLER OR LISTING AGENT
FACILITATE FASTER CLOSING
SCHEDULE AND ACCOMPANY YOU TO SHOWINGS
NEGOTIATE ON YOUR BEHALF
REVIEW SETTLEMENT STATEMENT
ACCOMPANY YOU ON FINAL WALK THROUGH
FACILITATE & ATTEND CLOSING
ANALYZE COMPARABLE PROPERTY VALUES
FACILITATE HOME INSPECTION
W E LC O M E H O M E !
DECISION TO BUY PROPERTY AND PREPARE OFFER
ASSIST IN REVIEWING TITLE COMMITMENT
REVIEW DISCLOSURES AND LAWS
ENSURE COMMUNICATION AMONG ALL PARTIES
The people involved and how communication takes place
About the commission
SELLER TYPICALLY PAYS
LISTING AGENT’S BROKERAGE OFFICE
SOMETIMES BUYER PAYS
BUYER’S AGENT’S BROKERAGE OFFICE
Our digital reach All Denver Metro listings can be viewed 24/7 on the continually updated Kentwood.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 metro Denver and Northern Colorado by browsing through our in-depth community profiles. With our â€œProperty Alertsâ€? 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 Kentwood.com is our Advanced Interactive Mapping (AIM) feature which provides a unique map-based property search that allows you to search for just the right home and neighborhood.
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
Kentwood.com has all the tools you need for productive property searches:
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 lifestyle. Categories include Events, Restaurants, Things to Do, Theatre And Arts, Music And Concerts, and Sports
Mobile 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.
Web traffic sources
2018 Site usage
D I R ECT T R A F F I C & O RGA N I C S E A RC H 3 57,6 2 3
56.85% NEW VISITS
2,052,934 PAGE VIEWS
4.21 REFERRING SITES 1 2 8,5 3 9
Web traffic demographics 45%
18 - 24 YEARS
25 - 34 YEARS
35 - 44 YEARS
45 - 54 YEARS
55 - 64 YEARS
AVERAGE PAGE VIEWS PER VISITOR TYPICAL VISITOR’S PAGE VIEWS = 2
3:12 AVERAGE MINUTES ON SITE TYPICAL SITE VISITOR’S MINUTES ON SITE = 1:50
Sources by location
VISITS FROM 200 COUNTRIES/TERRITORIES
UNITED STATES » 446,069
PERU » 3,032
FRANCE » 1,842
CANADA » 7,467
PHILIPPINES » 2,359
GERMANY » 1,727
CHINA » 3,447
RUSSIA » 2,002
BRAZIL » 1,717
INDIA » 3,593
UNITED KINGDOM » 1,159
References for buyers
General steps in the Kentwood buying process:
Select a buyerâ€™s agent to represent your interests.
Begin your search for a new home before your existing home is under contract.
Discuss your needs. Make sure your broker fully understands what type of home will best suit you.
Learn all you can about the community you would like to live in.
Become pre-approved with a mortgage lender, as this will make you a more attractive buyer when making an offer.
Make an offer by submitting your contract through your Kentwood broker to the seller for review.
Finalize an official contract through your Kentwood broker. Submit earnest money as required.
Secure mortgage commitment.
Make preliminary moving plans with regard to utilities, insurance policies, etc.
Final inspection and closing.
About your offer The written offer you submit to a seller becomes a binding sales contract if the owner accepts it. Your Kentwood broker 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 statespecific requirements A provision that the buyer may make a lastminute 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
Information every buyer should know AS THE BUYER, YOU MAY BE RESPONSIBLE FOR THE FOLLOWING EXPENSES ASSOCIATED WITH THE PURCHASE OF YOUR HOME:
$200 to $600 (Can vary depending upon square footage of property and number of inclusions)
LEAD PAINT INSPECTION
$250 to $300
TITLE COMPANY REAL ESTATE CLOSING FEE
DOC FEE (STATE TAX STAMPS)
$1 per $1,000 of sale price
Will be a credit to you for the portion of the year that the seller owned the property
SETTLEMENT COSTS ASSOCIATED WITH YOUR LENDER: LOAN ORIGINATION FEE (OPTIONAL)
$500 to $1,000
LOAN CLOSING FEE TO TITLE COMPANY
PRIVATE MORTGAGE INSURANCE (PMI)
Required if loan amount is more than 80% of purchase price (discuss with lender)
$250 to $500
$550 to $750 depending on the size of the home
$50 to $300
FLOOD CERTIFICATION FEE
$11 to $20
LENDER’S TITLE INSURANCE POLICY
$300 and up
Premium for one year
TAX SERVICE FEE
$75 to $100
PRE-PAIDS: RESERVE FUND FOR TAX ESCROW
2 to 8 months prepaid real estate taxes (May be received as credit from seller)
Interest on loan from closing date to end of month
HAZARD INSURANCE ESCROW
Typically three months
Your mortgage payment typically includes: PRINCIPAL 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. PROPERTY TAXES 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 An insurance policy that protects you from financial losses on your property that result from fire or other hazards. PRIVATE MORTGAGE INSURANCE (PMI) 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.
Mortgage application checklist AFTER YOUR LOAN OFFICER REVIEWS YOUR APPLICATION, ADDITIONAL INFORMATION MAY BE REQUIRED
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
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 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, fully informing the parties, presenting all offers and assisting the parties with contracts without advising, 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, but Colorado’s Real Estate Commission encourages one.
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. The broker must treat a customer to a transaction with honesty and fair dealing.
You need expert assistance throughout your transaction
A real estate transaction can be an incredibly complex journey loaded with unexpected bumps and turns. Your Kentwood broker will guide you down the best path and through any difficulties that may come up. A Buyer Broker knows the market, and will work with you to understand your wants and needs and work in your best interest, saving you time, money, and headaches. QUESTIONS A BUYER BROKER SHOULD BE ABLE TO ANSWER What Federal and State Disclosures will a seller be required to make? Lead Based Paint Flood Zones Foreign Investment in Real Property Tax Act (FIRPTA) Agency Disclosures Environmental Hazards including asbestos or radon What financing challenges may need to be overcome? Does the seller have a pre-payment penalty and who is responsible for paying it? What happens if the appraisal comes in low? What if a loan condition stalls closing? What happens if there is a change in employment during the transaction? What are examples of title issues? Easements on the property that the buyer was unaware of at the time of the offer Encroachments over the boundary lines Liens that total more than the sales price or sellers’ proceeds Mechanics liens placed by contractors for non-payment Lis Pendens – public notice of a potential law suit that could impact title Buyer Brokers do more than unlock doors! Stunning pictures can turn into dream homes, but there’s a complex transaction to get you there.
New resident information Comcast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-934-6489 Xfinity.com CABLE TV / SATELLITE
Direct TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 888-777-2454 DirecTV.com Dish Network . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-333-3474 Dish.com
CenturyLink . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 877-803-8414 (Telephone & Internet) CenturyLink.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.
City of Fort Collins Utilities . . . . . . . . . . . . . . . 970-212-2900 (Gas, Electric, Water & Sewer) Kentwood.com/utilities Trash Collection and Recycling (Collected by Private Trash Haulers)
Gallegos Sanitation . . . . . . . . . . . . . . . . . . . . . . 970-484-5556 GSIWaste.com Ram Waste Systems . . . . . . . . . . . . . . . . . . . . . . 970-266-3396 RamWasteSystems.com Waste Management . . . . . . . . . . . . . . . . . . . . . . 970-482-6319 WM.com
United States Postal Service . . . . . . . . . . . . . 800-ASK-USPS 800-275-8777 usps.com
Poudre School District . . . . . . . . . . . . . . . . . . . . 970-482-7420 psdschools.org All School Districts . . . . . . . . . . . . . . . . . . . . . . . GreatSchools.org
DIVISION OF MOTOR VECHICLES
Vehicle License Information . . . . . . . . . . . . . . Colorado.gov/dmv
Larimer County Clerk & Recorder . . . . . . . . . 9 70-498-7860 Kentwood.com/lcmarriage
HOMEOWNER’S EXEMPTIONS/ PROPERTY TAX INFO
Larimer County Assessor’s Office . . . . . . . . Kentwood.com/lcassessor
Income-Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-829-1040 TAXES Income-State . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 303-238-7378
Transfort . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 970-221-6620 (Bus & Lightrail) RideTransfort.com TRANSPORTATION
GENERAL CITY OF FORT COLLINS SERVICES
Airport Information - DEN . . . . . . . . . . . . . . . . 800-247-2336 303-342-2000 FlyDenver.com
Voter Registration Information . . . . . . . . . . Kentwood.com/focovote
City of Fort Collins Services . . . . . . . . . . . . . . Kentwood.com/focoservices
FOR MORE INFORMATION, PLEASE VISIT KENTWOOD.COM/RELOCATION
Neighborhood Reference Guide EXPLORE NORTHERN COLORADOâ€™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.
BELLVUE FORT COLLINS
TO ESTES PARK
36 MEAD PLATTEVILLE
LYONS 66 7
NORTHGLENN BROOMFIELD THORNTON
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.
Kentwood Real Estate Northern Properties Paula King & Matt King