Our Commitment To Safe Showings

Here at Denver Realty Pro we are committed to protecting the safety of both our Buyers and Sellers. We have implemented the following guidelines to assure safe showings for our clients and the general public moving forward.

We will continue to do our part to keep everyone safe during these trying time. 

The Market and The Pandemic...

The growing pandemic has officially affected the real estate market which had been still performing well despite the growing pandemic. April 2020 showed a huge decline in sales posting 3,855 sales which reflects a 26% decline in sales from the previous year. 

Average days on market increased by 9 days to 29. Homes did appreciate slightly, however more sales posted reflected a price reduction to get the home under contract. 

We maintained 7 weeks of inventory vs. this time last year. Many sellers have pulled their home off the market and elected to list again in a few weeks. 

First Time Home Buyers 

Paperwork is sometimes the roadblock that stands between first time home buyers and their first house. Taking the fear of the unknown out of the equation can smooth out the process. Start gathering documents now, such as:

• 3 months' bank statement

• Gift letter; donor's bank statement; copy of gift check; copy of deposit receipt

• Explanations for late payments; credit inquiries in the last 90 days; charge-offs; collections; judgments; liens

• Bankruptcy papers within 7 years

• Copy of Social Security Card and driver's license

• Last 2 years' W2 forms

• Pay stubs

• Last 2 years' 1040s if self-employed; interest income

• Y-T-D P&L Statement is self-employed

• Corporate or Partnership tax returns (if you own more than 25% of a business)

• Copy of purchase agreement (if you have already made an offer)

• Receipt for child support payments

• Copy of Divorce Settlement

Denver Realty Pro has partnered with some of the best Mortgage Professionals across the Denver Metro Area.

Please contact us and we will be happy to get you in touch with them so you can start the mortgage process. 

Steady and Strong...

Despite the growing Coronavirus outbreak March continued to show steady and strong results. Home sales were up 2% from this time last year with 4,631 sales registered in March 2020. The average sold price for single family homes rose by 7% for an average of $513,691. 

The average days on market reduced by 2 days while the weeks of available inventory remained the same at 6 weeks.