With Denver’s booming real estate market now in full swing, it’s time to dive in and understand how the city has managed to attract the likes of Zillow and Trulia.
And we have a special feature for you.
The Denver Real estate Market in a nutshellThe Denver real estate industry is booming and real estate agents are working hard to keep pace with demand.
Real estate agents have long had a tough job in the market, but now there is a new breed of real estate agent who’s tackling the job with more enthusiasm.
We spoke with Mark Mancuso, president of The Real Estate Institute of Denver, about what real estate professionals are working on to get their business booming and what it takes to be a successful real estate investor.
Here’s what you need to know about the Denver real-estate market:Real estate agents can sell houses, condos, and other real estate assets to buyers and sellers for as little as $20 a square foot.
They earn $1,000 a year.
They’re also required to complete a real estate education program, which costs $250, and the real estate broker license, which is $2,500.
They also have to complete three months of training on how to handle complex real estate transactions.
To make a sale, agents must get approval from the Colorado Division of Real Estate.
The buyer or seller can then file a deed for the property.
Real estate is sold at a lower price than in other cities.
Real-estate agents are also required by law to notify buyers before they move into a new building.
If they don’t, the buyer could lose the entire sale.
The Denver Real-easing is not limited to real estate.
The Real-Easing, which takes effect Jan. 1, will also allow for the first-time homebuyer to apply for a mortgage and the first homebuyers to apply to be considered for a tax credit.
To qualify for a credit, an applicant must have a gross income of at least $50,000 in a calendar year, have lived in the city for two years, and have made no other income payments in the past three years.
Real-estate agent salespeople also work to increase the number of new homes being sold in the region.
That means fewer empty homes, more home sales, and more people in the neighborhood.