2016 kcc buyer book
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W I T H C O N F I D E N C E E V E R Y S T E P O F T H E W A Y
K E N T W O O D C H E R R Y C R E E K
WE ARE DENVER
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.
W E A R E I N N O V A T O R S S E E K I N G U N P A 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 L O G Y ,
P O S I T I O N I N G O U R C L I E N T S A T T H E T O P .
OURMISSION
ABOUTKENTWOODREAL ESTATE
K E N T W O O D I S 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 T A T E .
Founded in 1981, Kentwood Real Estate recently celebrated 35 years as one of
the most trusted names in Denver real estate. Kentwood had a record year in
2015 with total sales of $2.4 billion. The company looks forward to surpassing
its previous record in 2016.
Kentwood is comprised of over 185 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
owned, 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,
the Cherry Creek area, and in lower Downtown Denver (the latter known
to locals as LoDo). Kentwood Real Estate provides broad-based 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.
KENTWOODCHERRYCREEK
Kentwood Real Estate at 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.
F E W C O L O R A D O N E I G H B O R H O O D S E X U D E
T H E C H A R M , P R E S T I G E A N D V A L U E F O U N D
I N C E N T R A L D E N V E R N E I G H B O R H O O D S
I N C L U D I N G T H E C H E R R Y C R E E K A R E A .
1,800
1,700
1,600
1,500
1,400
1,300
1,200
1,100
1,000
900
800
700
600
500
400
300
200
100
0
2 0 1 5 M A R K E T S H A R E T O T A L S Total $ Volume (By CMS Market Share)
SOURCE: BROKER METRICS
LIST
SELL
KentwoodReal Estate
LIVSotheby’s
ColdwellBanker
REMAXProfessionals
REMAXAlliances
REMAXCherry Creek
Cherry CreekProperties
KellerWillams
REMAXMasters
Porchlight
MKT11.3%
MKT10.7%
MKT6.4%
MKT4.9%
MKT3.6%
MKT2.4% MKT
2.2%MKT2.2% MKT
1.8%MKT1.7%
$2,510,000,000
$3,010,000,000
$2,010,000,000
$1,510,000,000
$1,010,000,000
$510,000,000
$1,0
07,9
18,8
73
$1,0
24,3
70,15
2$1
,021
,497
,569
$1,0
69,5
83,6
51
$1,2
45,6
66,2
20
$1,4
01,0
71,17
0
$1,3
96,0
86,9
85
$1,3
83,2
61,0
00
$1,0
48,2
19,0
60
$904
,038
,716
$1,10
2,79
8,70
4$1
,122,
053,
866
$1,7
18,5
16,3
76
$2,18
5,92
9,16
2$2
,082
,431
,984
$10,000,000 2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2014
2013
2015
$2,381,298,867
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2014
2013
2015
2,76
5
2,82
1
2,78
2
2,76
6 2,97
3 3,01
13,
011
2,75
3
2,61
1
2,16
4
2,23
1
2,32
6
2,35
2
3,27
2
3,99
6
3,77
64,485
2 0 1 5 C L O S E D S A L E S V O L U M E
2 0 1 5 C L O S E D S A L E S T R A N S A C T I O N S
SALES SALES SALES VOLUMECOMPANY STATE ASSOCIATES VOLUME PER ASSOCIATE
1. The GRUBB Co. Inc. CA 68 $1,167,495,897 $17,169,057
2. Washington Fine Properties LLC DC 130 $1,959,316,752 $15,033,205
3. Paragon Real Estate Group CA 104 $1,408,309,000 $13,541,432
4. KENTWOOD REAL ESTATE CO 185 $2,089,050,576 $11,292,165
5. RE/MAX Metro New York NY 43 $472,475,440 $10,987,800
6. Pacific Union International CA 637 $6,749,876,175 $10,596,351
7. Slifer Smith & Frampton CO 145 $1,457,681,405 $10,052,975
8. RE/MAX Premier Properties CA 152 $1,494,906,795 $9,834,913
I N S A L E S V O L U M E P E R A S S O C I A T E
N A T I O N A L R A N K I N G | S A L E S V O L U M E P E R A S S O C I A T E
K E N T W O O D R E A L E S T A T E R A N K E D
According to RISMedia’s Real Estate Magazine (National Real Estate Media Publishing Company), Kentwood Real Estate ranked #1 in
Colorado and #4 nationally for highest average volume sold per associate. 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 record years in 2015
with total sales of $2.4 billion. The company looks forward to surpassing its previous record in 2016.
With an average of 20 years of experience per agent and average sales volume of over $12.5 million in 2015, Kentwood Real Estate
out-performs their competitors.
T O P P E R F O R M I N G A G E N T S
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.
GIVING BACKTO THE COMMUNITY
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 A V O R S S U P P O R T E D B Y K E N T W O O D A G E N T S
C O N T I N U E D O N N E X T P A G E
A Precious Child
ACE Scholarships
African School Assistant Project
Aiducatius
Aish Denver
Allied Jewish Federation of Colorado
Alpha Kappa Alpha Sorority Inc.
Alzheimer’s Association
American Cancer Society
American Civil Liberties Union
American Diabetes Association
American Heart Foundation
American Legion
American Melanoma Foundation
American Society for the Prevention
of Cruelty to Animals
Amor Ministries
Anchor Center for Blind Children
Angels on the Green
Anti-Defammation League (ADL)
Arapahoe/Douglas Mental
Health Network
Archbishop’s Annual Campaign
Art for Edison
ArtReach
Assist-a-Family
Athletics & Beyond
Autism Society of Colorado
Avon Walk for Breast Cancer
B’nai B’rith Youth Organization
Bags of Fun
Be the Gift
Bear Creek High School Football Team
BMH-BJ
Bienvenidos Food Bank
Big Brothers, Big Sisters
Blue Sky Foundation
Bonfils Blood Center
Book Trust
Boy Scouts of America
Boys and Girls Club of Denver
Boys and Girls Clubs of Colorado
Brent’s Place
Bromwell Elementary
Bronco Wives
Camp Chief Ouray
Cancer League of Colorado
Cancer League of Denver
Cancer Research
Canterbury H.O.A.
Carson Elementary
Catholic Charities
Central City Opera
CHARG Resource Center
Chatfield High School Baseball Team
Cherry Hills Village Elementary
Chi Omega Alumnae Association
Children’s Hospital Colorado
Children International
Cleo Parker Robinson Dance Company
Coats for Colorado
Cocktails for a Cause
Colorado Academy
Colorado Agency for Jewish
Education (CAJE)
Colorado Ballet
Colorado Children’s Chorale
Colorado Coalition for the Homeless
Colorado College
Colorado Opera
Colorado Ovarian Cancer Alliance
Colorado Pet Pantry
Colorado Public Radio
Colorado Pug Rescue
Colorado Veterinary Medical Foundation
(via The Goethe Fund)
Colorado Youth at Risk
Columbine Knolls South II H.O.A.
Community Sailing of Colorado
Concerts For Kids
County Sheriffs of Colorado
Court-Appointed Special Advocates
Cover Colorado
CU Denver School of Business
Davis Phinney Foundation for Parkinson’s
D.E.A. Survivors Benefit Fund
Denver Active 20-30
Denver Art Museum
Denver Ballet Guild
Denver Botanic Gardens
Denver Campus for Jewish Education
Denver Center for Performing Arts
Denver Debutante Ball
Denver Dumb Friends League
Denver Early Childhood Council
Denver Health
Denver HospiceDenver Jewish Day School Denver Kids, IncDenver Metropolitan Major League Baseball Stadium District BoardDenver Museum of Nature and ScienceDenver Public LibraryDenver Public Schools FoundationDenver Rescue Mission Denver School of the Arts FoundationDenver School of Science & Technology – ByersDenver Southeast RotaryDenver SymphonyDenver ZooDisabled American VeteransDowntown Denver Housing CouncilDowntown Denver Partnership Civic Ventures BoardDPS Summer ScholarsDress for SuccessDumb Friends LeagueEast High Angel FoundationElephant EnergyEthnic College Counseling Center Families FirstFather Woody’s Haven of HopeFCBI Annual Charity Golf TournamentFederal Boulevard PartnershipFine Arts FoundationFirst DescentsFisher Early Learning CenterFood Bank of the RockiesFountain HouseFriends of EdisonGameday Memories Gateway Battered Women’s ServicesGirl Scouts of ColoradoGirls Athletic Leadership School (GALS)Girls, Inc. of Metro DenverGirls on the Run (Rocky Mountain chapter)Global Education FundGlobal Down SyndromeGolden Retriever Freedom Rescue GoodwillGreater Park Hill Community, Inc.Greenwood Village Parks & Trails Commission
Habitat for Humanity Hands Up for ChildrenHeart AssociationHeart FundHomeSteaders of Family HomeSteadHope’s PromiseHospice of Saint JohnIndividual Grant for College EducationInnovage FoundationInstitute for International Education (IIE)Invest in Kids Jack and Jill of America, Inc. Janet’s CampJefferson Park United NeighborsJewish Community CenterJewish Family ServicesJewish National FundJewish War VeteransJudi’s HouseJunior LeagueJuvenile Diabetes Research FoundationKendall And Taylor Atkinson FoundationKent DenverKidney AssociationK-LifeKolkata City Mission Ladies of CharityLeukemia and Lymphoma SocietyLodo CaresLower Downtown Design Review BoardLupus FoundationMake-a-Wish FoundationMaple Star Colorado Foster ParentMarch of DimesMarion Downs Hearing CenterMax FundMelanoma Research FoundationMental Health AmericaMetro Denver Partner’s Tutoring ProgramMile High CalvaryMile High MontessoriMile High SquashMinds Matter DenverMultiple SclerosisMuseum of Contemporary Art Mylifeline.orgNamaste HospiceNational Council of Jewish WomenNational Jewish Hospital
National Kidney FoundationNational Public Radio National Western Stock ShowNew GenesisNorth Shore Animal League in Long Island, NYOpen Door MinistriesParkinson’s Association of the RockiesPedaling for Parkinson’sPilsung Youth InitiativePlanned Parenthood of the Rocky MountainsPorter HospitalProject AngelheartProject Pave Restoration Community Church Riviera Circle Lake ClubRMRSDRocky Mountain Community ChurchRonald McDonald House DenverRose Women’s OrganizationRwanda FoundationSafe House DenverSalvation ArmySave Our YouthSense of SecuritySerenity SkiMeistersSmart Girls, Inc.Smile TrainSpecial OlympicsSt. Thomas More Catholic ChurchSt. Anne’s Episcopal SchoolSt. Mary’s AcademyStanley British Primary SchoolSteck ElementarySteele ElementaryStep 13Sungate KidsSusan G. Komen-Breast CancerSusan G. Komen Race for the CureTeammates For Kids - Garth Brooks FoundationTennyson Center for ChildrenThe Butterfly FoundationThe Challenge Foundation The Cystic Fibrosis FoundationThe Delores ProjectThe Democratic National PartyThe Denver Film Society
The Gordian Fund The Jewish ExperienceThe Kempe FoundationThe MACC (Mizel Arts and Culture Center)The Pink Ribbon Foundation The Rose FoundationThe Roundup Riders Heritage and Trails FoundationThe Sanctuary CenterThe Women’s Foundation of ColoradoThe Zara ProjectTheodore Roosevelt Medora FoundationTherapy Dogs InternationalThird WayUNICEFUnited WayUniversity of Colorado Depression CenterUniversity of Colorado FoundationUniversity of Colorado Hospital FoundationUniversity of Colorado Parents Advisory CouncilUniversity of Notre Dame Alumnae Association University of Wisconsin Mile High Alumni AssociationUrban PeakUte Meadows Elementary School PTAVeterans of Foreign WarsVisionboxVolunteers of AmericaVolunteers of America - MAX Fashion ShowWarren VillageWestern FantasyWhiz kids TutoringWings over the RockiesWish for WheelsWish of a LifetimeWitnesses for JesusWomen for Women InternationalWomen’s Fund at the Denver Center for Performing ArtsWomen’s Global Empowerment FundWoodbourne Wave Swim TeamWounded WarriorsY2K Ski ClubYellowstone FoundationYoung Life Young Philanthropist Foundation
C O N T I N U E D F R O M P R E V I O U S P A G E
O N A N I N D I V I D U A L B A S I S , K E N T W O O D A G E N T S S U P P O R T H U N D R E D S
O F N O N - P R O F I T S , C H A R I T I E S , C I V I C A N D C O M M U N I T Y E N D E A V O R S .
BUYINGWITHKENTWOOD
from start to finishC O N F I D E N C E I N T H E B U Y I N G P R O C E S S
A N A G E N T ’ S R E S P O N S I B I L I T I E S
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.
E X P E R T G U I D A N C E R E S P O N S I V E N E S S
A C C O U N T I N G
L O Y A L T Y
• 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
• 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
• Structure and prepare your offer, review disclosures and laws and deliver the contract
• 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
• Act in good faith at all times
• Adhere to your instructions
• Return all calls and emails promptly
• Closeley track dates and deadlines
• Receive and monitor all earnest money deposits
• Receive and deliver all documents in a timely manner
• Review final settlement statements
• 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
G E N E R A L S T E P S I N T H E K E N T W O O D B U Y I N G P R O C E S S
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.
SELECTION of Kentwood
Agent
As your Agent
I WILL:
DISCUSS YOUR NEEDS
RECOMMENDLENDERS FOR
PRE-APPROVAL
SEARCHMLS FOR NEWPROPERTIES
ANALYZECOMPARABLE
PROPERTYVALUES
DECISION TO BUY STRUCTURE
AND PREPAREOFFER VALUES
REVIEWDISCLOSURES
AND LAWS
DELIVERCONTRACT TO
SELLER ORAGENT
NEGOTIATE ON YOURBEHALF
FACILITATECLOSING
ENSURE COMMUNICATION
AMONG ALL PARTIES
REVIEWSETTLEMENTSTATEMENT
REVIEWTITLE
COMMITMENT
ACCOMPANYYOU ON
FINAL WALK THROUGH
FACILITATEHOME
INSPECTION
DETERMINESEARCH
PARAMETERS
DETERMINEREALISTIC
PRICE
FACILITATEFASTER
CLOSING
PREVIEWPROPERTIES
PREVIEWPROPERTIES
SCHEDULE &ACCOMPANY
YOU TO SHOWINGS
MOVINGDAY
A N A G E N T ’ S R E S P O N S I B I L I T I E S
SELLERTYPICALLY
PAYS
OCCASIONALLYBUYER PAYS
LISTINGAGENT’S
BROKERAGEOFFICE
BUYERAGENT’S
BROKERAGEOFFICE
LISTING AGENT
BUYER’SAGENT
Buyer’s Agent
LENDER
INSPECTOR
TITLECOMPANY
ListingAgentBUYER SELLER
A N A G E N T ’ S R E S P O N S I B I L I T I E S
We will take the time to explain the different agency relationships you may have with your Kentwood agent.
T H E P E O P L E I N V O L V E D A N D H O W C O M M U N I C A T I O N T A K E S P L A C E
A B O U T T H E C O M M I S S I O N
DenverRealEstate.com
K E N T W O O D ’ S T E C H N O L O G Y H E L P S Y O U
F I N D T H E P E R F E C T P R O P E R T Y
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, homebuyer
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.
• 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
D E N V E R R E A L E S T A T 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 Y O U N E E D
F O R P R O D U C T I V E P R O P E R T Y S E A R C H E S , I N C L U D I N G :
S E A R C H E N G I N E O P T I M I Z A T 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 optimizing many factors including the use of relevant keywords and making sites web compliant, to name a few.
S I T E U S A G E
W E B T R A F F I C S O U R C E S
TOTAL VIS ITS
PAGE VIEWS
ORGANIC SEARCH207,066
DIRECT TRAFFI C200,515
REFERRI NG S I TES139,142
S OCI AL TRAFFIC28,630
% NEW VI S I TS
AVG. PAG E VI EW S PER VI S I TOR
AVG. T I ME ON S I TE (MI NUTES)
575,803
3,517,664
53.17%
6.11 5:04
2014 SEO Overview of DenverRealEstate.com
35.96% 34.82% 24.16% 4.97%
S O U R C E S B Y L O C A T I O N
UNITED STATES . . . . . . . . . . 503,732
CANADA . . . . . . . . . . . . . . . . . . . . . 2,512
UNITED KINGDOM . . . . . . . . . 2,422
INDIA . . . . . . . . . . . . . . . . . . . . . . . . . 1,867
ITALY . . . . . . . . . . . . . . . . . . . . . . . . . 1,544
SWITZERLAND . . . . . . . . . . . . . . 1,508
AU STRA LIA . . . . . . . . . . . . . . . . . . 1,459
P H IL IP P INES . . . . . . . . . . . . . . . . 1,265
GE RMA NY . . . . . . . . . . . . . . . . . . . . 1,259
SPA IN . . . . . . . . . . . . . . . . . . . . . . . . . 1,245
ME X ICO . . . . . . . . . . . . . . . . . . . . . . 1,107
FRA NC E . . . . . . . . . . . . . . . . . . . . . .1,066
575,803came from 200 countries / territories
HIGHEST CONCENTRATION LO WER CO NC ENTR ATIO N LO WEST CO NC ENTR ATIO N
VISITS
M O B I L E D E V I C E SM O B I L E V I S I T S
Top mobile devices used to visit DenverRealEstate.com in 2015:
Total mobile visits to DenverRealEstate.com increased 30% from 2014 to 2015:
iPad Android2014 iPhone2015
102,577
20,000
50,000
40,000
100,000
60,000
150,000
80,000
200,000100,000
250,000 120,000
222,408 65,145170,597 36,919
T H E M O B I L E M O V E M E N T
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.
As potential buyers search neighborhoods and
discover properties, they expect to be able to get
more information in real time on their mobile device.
Kentwood’s comprehensive, easy to use mobile
apps with custom search capability, puts relevent
properties in the buyer’s hands.
O U R O W N S M A R T P H O N E
A N D T A B L E T A P P S
REFERENCESFORBUYERS
helpful informationA D D I T I O N A L
Select a buyer’s agent to represent
your interests.
Learn all you can about the neighborhood you
would like to live in.
Finalize an official contract throughyour Kentwood
agent. Submit earnest money as required.
Begin your search for a new home before your existing home is under
contract.
Become pre-approved with a mortgage lender, as this will make you a more attractive buyer when making an offer.
Secure mortgage commitment.
Discuss your needs. Make sure your agent
fully understands what type of home will best
suit you.
Make an offer by submitting your
contract through your Kentwood agent to the
seller for review.
Make preliminary moving plans with regard to utilities,
insurance policies, etc.
1
6
7
2
5
8
3
4
9
FINAL INSPECTION & CLOSING
10
G E N E R A L S T E P S I N T H E K E N T W O O D B U Y I N G P R O C E S S
• 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
A L L A B O U T Y O U R O F F E R
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.
Y O U R O F F E R I N C L U D E S :
I N F O R M A T I O N E V E R Y 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:
S E T T L E M E N T C O S T S A S S O C I A T E D W I T H Y O U R L E N D E R :
PRE-PAIDS:
PROPERTY I NSPECTION $200 to $600 (Can vary depending upon square footage
of property and number of inclusions)
LEAD PAINT INSPECTION $250 to $300
HOMEOWNER’S INSURANCE Varies
TITLE COMPANY REAL ESTATE CLOSING FEE $150
DOC FEE (STATE TAX STAMPS) $1 per $1,000 of sale price
PROPERTY TAXES Will be a credit to you for the portion of the year
that the seller owned the property
R ECORD ING FEE $150-$200
LOAN APPLI CATION $250 to $500
CLOSING POINTS OR LOAN ORIGINATION FEE 1% to 3% of loan amount
(OPTIONAL)
LOAN CLOSI NG FEE TO T ITLE COMPANY $330
PRI VATE MORTGAGE INSURANCE (PMI) Required if loan amount is more than 80% of
purchase price (discuss with lender)
U ND ERWRITI NG FEE $250 to $500
A PPRAI SAL FEE $300 to $500 depending on size of home
DOCUMENT PREPARATION $50 to $300
FLOOD CERTIF ICATION FEE $12 to $40
LEND ER’S T ITLE INSURANCE POLICY $300 and up
CRED IT REPORT $16 (varies)
HAZARD INSURANCE Premium for 1 year
TAX CERTI F ICATION $25
R ESERVE FUND FOR TAX ESCROW 2-8 months prepaid real estate taxes
(May be received as credit from seller)
PREPAID INTEREST Interest on loan from closing date to end of month
HAZARD INSURANCE ESCROW Typically 3 months
SOURCE: LAND TITLE GUARANTEE COMPANY*COSTS ARE APPROXIMATIONS AND MAY VARY
P R I N C I P A 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.
I N T E R E S T
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 T A 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.
H A Z A R D I N S U R A N C E
An insurance policy that protects you from financial
losses on your property that result from fire or other
hazards.
P R I V A T 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.
B R E A K D O W N O F Y O U R M O R T G A G E P A Y M E N T
Y O U R M O R T G A G E P A Y M E N T T Y P I C A L L Y I N C L U D E S :
M O R T G A G E A P P L I C A T 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
Estimates of value of real estate owned
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
AFTER YOUR LOAN OFFICER REVIEWS YOUR APPLICATION, ADDITIONAL INFORMATION MAY BE REQUIRED.
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.
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.
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.
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 Q U I C K G U I D E T O A G E N C Y T E R M S
S E L L E R ’ S A G E N T
B U Y E R ’ S A G E N T
T R A N S A C T I O N B R O K E R
C U S T O M E R
A P P R A I S E R
C O N T I N G E N C Y
H O M E O W N E R ’ S P O L I C Y
P O I N T
A S S E S S O R
C O N V E N T I O N A L L O A N
I N T E R E S T R A T E C A P
R E A L T O R
C L O S I N G
F I X E D - R A T E L O A N
O P E N M O R T G A G E
T I T L E
A G L O S S A R Y O F C O M M O N R E A L E S T A T E T E R M S
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.
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 buyer’s inspection.
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.
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.
A public official who appraises property for tax purposes, determining the assessed value, not the tax rate.
A loan made with real estate as security and not involving government participation in the form of insuring (FHA) or guaranteeing (VA) the loan.
The maximum interest rate charge allowed on an adjustable-rate loan for any one adjustment period during the life of the loan.
A member of the National Association of Realtors who subscribes to a strict code of ethics.
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.
A loan with the same rate of interest for the life of the loan.
A mortgage that may be repaid in full at any time over the life of the loan without a prepayment penalty.
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.
COMCAST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-934-6489 Xfinity.com
DIRECT TV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 888-777-2454 DirecTV.com
DISH NETWORK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 855-318-0572 Dish.com
UNITED STATES POSTAL SERVICE . . . . . . . . . . . . . . . . . . . . . . . . . . 800-ASK-USPS 800-275-8777 usps.com
DENVER PUBLIC SCHOOLS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 720-423-3054 dpsk12.org
ALL SCHOOL DISTRICTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GreatSchools.org
CENTURYLINK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 877-837-5738(Telephone & Internet) CenturyLink.com
XCEL ENERGY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800-895-4999(Gas & Electric) XcelEnergy.com
TRASH COLLECTION & STREET . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 720-913-8479MAINTENANCE & RECYCLING Kentwood.com/trashrecycling
WATER / SEWER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 303-893-2444 DenverWater.org
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.
CABLE TV / SATELLITE
UTILITIES
POST OFFICES
PUBLIC SCHOOLS
DIVISION OF MOTOR VECHICLES
MARRIAGE LICENSING
TAXES
HOMEOWNER’S EXEMPTIONS/
PROPERTY TAX INFO
D E N V E R N E W R E S I D E N T I N F O R M A T I O N
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
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 REGISTRATION INFORMATION . . . . . . . . . . . . . . . . 720-913-8683 Kentwood.com/voterregistration
CITY OF DENVER SERVICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dial 311
TRANSPORTATION
VOTERREGISTRATION
GENERAL CITY OF DENVER SERVICES
D E N V E R N E W R E S I D E N T I N F O R M A T I O N
FOR MORE INFORMATION, PLEAS E VI S I T W W W.DENVERREALES TATE.COM/RELOCATI ON
NEIGHBORHOODREFERENCE GUIDE
E X P L O R E D E N V E R ’ S C O M M U N I T I E S
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.
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
NEI GHBORHOOD NORTH S OUTH EAS T W ES T
JEFFERSON PARK Speer Blvd Colfax Ave S Platte River Dr Federal Blvd
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
NEI GHBORHOOD NORTH S OUTH EAS T W ES T
MORRISON
GOLDENWHEATRIDGE
ENGLEWOOD
LAKEWOOD
DENVER
LITTLETON
THE PINERY
CASTLE ROCK
SEDALIA
HIGHLANDS RANCH
THORNTON
WESTMINSTER
Northern Suburban
Areas
West
West
Suburban
The Villages
Douglas County
E-470470
225
PARKERCONIFER
CENTENNIAL
AURORA
25
270 76
70
25
70
70
25
E-470
D E N V E R M E T R O M A J O R A R E A S
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.
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WE AREDENVERREAL ESTATE TM