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  • Writer's pictureEli Kalen

Discover the 7 Most Asked Real Estate Questions: Your Ultimate Guide for Denver and Boulder County

Are you considering buying a home in Denver or Boulder County? Whether you're a first-time homebuyer or a seasoned real estate investor, navigating the real estate market can be daunting. To help you on your journey, we've compiled answers to the seven most asked real estate questions. Read on to become a savvy homebuyer and make your Denver or Boulder County real estate dreams a reality.

1. What Is The First Step of The Home Buying Process?

The first step in the home buying process is obtaining a mortgage pre-approval. This involves meeting with a lender to evaluate your financial situation, credit score, and ability to repay a loan. Getting pre-approved not only gives you a clear idea of your budget but also makes you a more attractive buyer in the competitive Denver and Boulder County real estate markets.

2. How Long Does It Take To Buy a Home?

The home buying process typically takes between 12-28 days from the time you make an offer to the closing date. However, this timeline can vary based on market conditions, the complexity of the transaction, and how quickly you can secure financing. In hot markets like Denver and Boulder County, homes can move quickly, so being prepared and responsive is crucial.

3. What Is a Seller's Market?

A seller's market occurs when there are more buyers than available homes. This leads to increased competition among buyers, often resulting in higher home prices and faster sales. Denver and Boulder County have frequently experienced seller's markets due to their desirable locations and high demand for housing.

4. What Is a Buyer's Market?

Conversely, a buyer's market happens when there are more homes for sale than there are buyers. This can lead to lower home prices, more negotiating power for buyers, and a longer time on the market for sellers. While less common in Denver and Boulder County, buyer's markets can occur during economic downturns or periods of high housing inventory.

5. What Is a Stratified Market?

A stratified market is when different segments of the real estate market behave differently at the same time. For example, luxury homes may experience a buyer's market while mid-range homes are in a seller's market. Understanding the nuances of a stratified market can help you make informed decisions, especially in diverse areas like Denver and Boulder County.

6. How Much Do I Have To Pay An Agent To Help Me Buy a House?

As a buyer, you typically do not pay your real estate agent directly. Instead, the seller pays the commission, which is usually split between the seller’s agent and the buyer’s agent. This commission is often around 5-6% of the home’s purchase price, but it can vary. It's essential to discuss and understand the commission structure with your agent upfront.

7. What Kind of Credit Score Do I Need To Buy a Home?

A good credit score is crucial for securing a mortgage with favorable terms. While requirements can vary by lender, a score of 620 or higher is generally needed for conventional loans. For FHA loans, you may qualify with a score as low as 580. In the competitive Denver and Boulder County markets, a higher credit score can give you an edge and potentially lower your interest rate.


Understanding the home buying process and the dynamics of the real estate market is essential for making informed decisions. Whether you're looking to buy in the vibrant city of Denver or the scenic beauty of Boulder County, being prepared and knowledgeable will help you navigate the complexities of the market. Happy house hunting!

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