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Nancy Sammons
Colorado Dream Properties
12900 Stroh Ranch Place, Suite 125
Parker, CO 80134
Phone: (303)956-5292
Email: nsammons5292@gmail.com
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Timbers Market Report

April 2019

Timbers Stats for the last 30 days:

The Timbers is reporting a buyers market. 

  • There are 18 active homes for sale ranging from $1,695,000 to $760,000 
  • There are 11 Under Contract homes 
  • 3 home sold in the last 30 days 
  • Average Home price sold in the last 30 days- $900,000
  • Average Days on Market - 125
  • Current Months of Inventory is 18 months

The Timbers is in a Buyers market as the last 30 days we have 18 months of inventory. Days on market is 125 up from 71 last quarter. The average price of homes has dropped from $1,053,510 to $947,500. 

´╗┐Based on information from REcolorado, Inc. for the period 12/10/2018-3/12/2019

Not all properties were listed and/or sold by Colorado Dream Properties. This representation is based in whole or in part on content supplied by REcolorado, Inc. does not guarantee nor is it in anyway responsible for tis accuracy. Content may not reflect all real estate market activity 

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Getting a Legitimate Lender and Getting Pre-Approved

It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home.

Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate how much mortgage you qualify for. However, being pre-qualified and pre-approved are different things. Pre-approval means that you have applied for a mortgage; you have filled out the mortgage application, received your credit report, and verified your employment, assets, etc. When you are pre-approved, you know exactly what the maximum loan amount will be.

A pre-qualified letter is not verified and in essence, does not count for much if you are competing with other buyers who are pre-approved. When you are pre-approved, you and the seller know exactly how much house you can afford. It gives you credibility as an interested buyer and lets the seller know immediately that you will qualify for a loan to buy their property.

In addition to being pre-approved, it’s important to be pre-approved with a legitimate lender. Legitimate lenders include: banks, mortgage bankers, credit unions, savings and loan associations, mortgage brokers, and online lenders.

Some lenders to avoid: those who lose a form or misplace a file, those who gather information from you in an unorganized manner, those who are not informed about interest rates, points or costs, and those who cannot provide you with the right information.

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