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Seller Resource Guide | Shari Peck

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YOUR SELLER

RESOURCE GUIDE


LOOKING TO SELL YOUR HOME?

YOU’VE COME TO THE RIGHT PLACE.

Shari has been a REALTOR® since 2001. Over the years, she

has built and grown her business by providing only the highest

quality service to her clients. Shari relates her success directly to

her genuine desire to help others, a love for meeting new people,

and being a great listener and negotiator. Buying or selling a

home is one of the most exciting and stressful times. With the

combination of Shari’s experience, knowledge of the market, and

support from Madison & Company her clients are in good hands.

Shari is never too busy for your questions, recommendations or

referrals and finds nothing more satisfying then to hear her clients

thank her for the information and quality service she provides.

SHARI PECK

BROKER ASSOCIATE

5975 S Quebec Street Suite 100

Greenwood Village, CO 80111

o: 303-771-3850 | m: 720-595-6048

shari@madisonprops.com

Shari is a Colorado native and received her undergraduate

degree in Business Information Systems at Mesa State in Grand

Junction Colorado and her Masters in International Business at

Regis University. She lives in Castle Pines with her husband and

2 children and is an avid Broncos and Rockies fan. When not

busy selling Real Estate, she loves watching her kids play sports,

hiking, and exercising.

At Madison & Company Properties, we are committed to providing our sellers with an outstanding experience. Our REALTORS®

and staff are available to provide expertise in all of your real estate property transactions. As your trusted advisors it is our

responsibility to get the highest and best offer for your home. We understand that listing your home brings with it a multitude

of emotions - whether positive or negative. This resource guide will be a great aid in learning the whole process - from the listing

consultation to the closing table in order to ensure that the process is as seamless as possible. We pride ourselves on talented and

experienced brokers who have a passion for real estate and will represent you with the highest quality and morals.

FROM BROKER OWNER


MADISON & COMPANY PROPERTIES

YOUR BOUTIQUE REAL ESTATE FIRM

COMMITTED

At Madison & Company Properties, we are committed to providing our clients with an outstanding

real estate experience. We pride ourselves on being experts in the Denver real estate market, and we

are dedicated to passing our knowledge along to you. Whether you are an experienced investor or a

first time buyer, the brokers of Madison & Company Properties are here to provide you with the best

service possible.

TRUSTED

Integrity is our core value at Madison & Company Properties. We know there are many real estate

companies to choose from, and we take your trust in us very seriously. Buying or selling a home is one

of the most important decisions you can make in your life. Our experienced and trustworthy brokers at

Madison & Company Properties are here to guide you through the process every step of the way.

CONNECTED

Madison & Company Properties has six strategically located offices for convenience and to better serve

our clients and REALTORS®.

BRIGHTON

117 N Main Street, Suite B

Brighton, CO 80601

CHERRY CREEK NORTH

201 Milwaukee Street, Suite G

Denver, CO 80206

COMMERCIAL

501 S Cherry Street, Suite 350

Denver, CO 80246

EVERGREEN

1193 Bergen Parkway, Suite O/P

Evergreen, CO 80439

GREENWOOD VILLAGE (DTC)

5975 S Quebec Street, Suite 100

Greenwood Village, CO 80111

WASHINGTON PARK

1221 S Clarkson Street, Suite 400

Denver, CO 80210

3



MADISON & COMPANY PROPERTIES

OUR COMMITMENT TO YOU

Every Madison broker is fully committed to providing you with the highest

quality of service. As REALTORS® we have fiduciary duties which are as follows:

Obedience

Loyalty

Disclosures

Confidentiality

Accountability

Reasonable Care

MADISON & COMPANY PROPERTIES

ANNUAL GROWTH IN CLOSED UNITS

1,780

1,882

NUMBER OF TRANSACTIONS

660

870

2014

1,093

2015

1,372

2016

1,691

2017

2018

2019

294

2013

28

2008

51

2009

70

2010

154

2011

2012

5


YOU’RE IN GOOD

HANDS WITH A

MADISON REALTOR®

OBEDIENCE

LOYALTY

DISCLOSURES

CONFIDENTIALITY

ACCOUNTABILITY

REASONABLE CARE


ALL REAL ESTATE LICENSEES ARE NOT THE SAME.

All of our Madison agents are required to be licensed members of the National

Association of REALTORS®, which holds its members to a strict code of ethics

and professional standards. So why use a REALTOR® vs an agent?

Strict Code of Ethics.

Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and

protection of the public. As a REALTOR’S® client, you can expect honest and ethical treatment in

all transaction-related matters.

Up-To-Date Experience.

Most people sell only a few homes in a lifetime, usually with quite a few years in between each

sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of

transactions over the course of their career.

An Expert Guide.

Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents.

A knowledgeable expert will help you prepare the best deal and avoid delays or costly mistakes.

There’s also a lot of jargon involved, so you’ll want to work with a professional who can speak

the language.

Your Rock During Emotional Moments.

A home is so much more than four walls and a roof. For most people, property represents the

biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay

focused on the issues most important to you. There are many factors to consider when buying or

selling a home and a REALTOR® can offer invaluable insight - insight that may save you a great

deal of money - or save you from a terrible mistake. Real estate transactions can be complex; a

REALTOR® can make a difference.


SELLING PROCESS



SELLING PROCESS

SNAPSHOT

LISTING

LIVE ON MLS

STRATEGIC

MARKETING

SHOWINGS

BEGIN

PRE-LISTING

PREPARATION

FEEDBACK

LISTING

CONSULTATION

OFFER

RECEIVED

CLOSING

DAY!

TIME TO

NEGOTIATE

FINAL WALK

THROUGH

BUYERS

SET INSPECTION

LOAN

MONITORING

APPRAISAL

BROKER TO ATTEND

10


SELLING PROCESS

PRE-LISTING PREPARATION

INSIDE YOUR HOME

Clean the house thoroughly. Keep it that way while selling. Shine the appliances, vacuum or shampoo the

carpet, polish the floors. Get dust, flies, and moths out of light fixtures. Clean the windows outside and inside.

Remove clutter from your home. Keep your kitchen spotless. Remove unnecessary items from the countertops.

Move clothes out of your closets so they do not appear full or busting at the seams. Remove extra furniture

and pictures from the room.

Remove personal items that are conspicuous. You want to show off the house, not yourself. These tips will

visually expand the rooms in your home.

Get rid of offensive odors. Eliminate the smell of dogs, cats, kids, spicy food, etc. Odors are always noticed

and difficult to explain away.

Fix or repair items that are not in perfect working order. Oftentimes an inexpensive repair job will leave

questions in a buyer’s mind. Some quick fixes could include:

Tighten and repair loose knobs, sticky doors, and windows.

Repair light switches that do not work.

Repair caulking and grout in the bathroom. Fix leaky faucets.

Replace burned-out light bulbs.

Consider repainting - a fresh coat of neutral paint enhances the decorating detail of a home. Paint smells

clean. Paint or touch up all interior trim.

While your house is being shown, leave. Take a walk - leave the clients with the agent. Don’t interfere with the

agent as this could possibly hurt the selling opportunity.

If the house is somewhat vacant, staging appropriately can create a dramatic emotional statement. Your

Madison broker can offer recommendations and arrange for professional staging companies to stage your

home. National Association of REALTORS® states that 32% of buyers agents believe staged homes increase

the dollar value buyers are willing to offer by 1-5% compared to similar homes that were not staged.

OUTSIDE YOUR HOME

First impressions are crucial. Clean the front yard: trim the shrubs, weed the flower beds, mow the lawn, rake

the leave, and sweep the walkways.

Plant some flowers in flower beds or pots that are in season to liven up the appearance.

Straighten gutters, planters, mailbox, or things that sag or tilt.

Close the garage door. Hide the garbage cans. Remove extra cars.

11


$

SELLING PROCESS

WHY PRICING IS SO IMPORTANT

Setting the correct initial list price is one of the most important decisions that home sellers make in

today’s market. The initial list price will impact both the amount of time a property takes to sell and the

final sale price. Research shows that when a house is overpriced upon the first day of its listing, and

subsequently requires price reductions, it will take up to three times longer to sell that house in the

Denver market compared to a house that’s priced right from the start.

Sellers will benefit from the professional advice of a REALTOR® when it comes to effectively pricing a

property and understanding today’s market trends. A knowledgeable and skilled REALTOR® will offer

expertise and guide customers through today’s complicated process.

At Madison & Company Properties, we have developed specialized tools to help you properly price

your property. We can give you up-to-the-minute information about the Denver Metro real estate

market, including specifics about what is happening in your neighborhood.

THE COMPARATIVE MARKET ANALYSIS (CMA)

How much is your home worth? Should you ask for more? How long will it take to sell? Your Madison

REALTOR® can provide the answers to these and many other questions by completing a Comparative

Market Analysis (CMA), which takes into account all the variables that may affect the value and

marketability of your home.

COMPARABLE PROPERTY DATA

Research of similar homes currently on the market, as well as recent sales and expired listings, help

determine your home’s fair market value.

MARKET CONDITIONS AND COMPETITION

Economic outlook and seasonal trends, as well as the

number of competitive homes on the market, can affect

demand for your home.

MORTGAGE CONDITIONS

AND OUTLOOK

Interest rates and anticipated movement up or down

affect the size of your prospect pool.

LOCATION

Proximity to schools, parks, shopping, and transit can

play a significant role in determining your listing price.

12


SELLING PROCESS

MARKET CONDITIONS

APPRECIATING FLAT DEPRECIATING

Rising in Values

Lack of Inventory

No Appreciation

Stable Inventory

Falling Values

Surplus of Inventory

PRICE IT RIGHT

It’s all about timing

BUYER ACTIVITY

Excited buyers, most showings

Peak activity and ultimately

the best time to receive an offer

“Motivated” Seller; buyers

looking to negotiate

TIME ON THE MARKET

Source: ListingsUp

13


SELLING PROCESS

GETTING YOUR HOME READY TO HIT THE MARKET

BROKER DUTIES

PAPERWORK

When listing your home, there are a few documents that need to be executed before your home goes

on the market. Some of these documents are between you and your Madison REALTOR®, others are

disclosures you will need to fill out in regards to the condition of your home. It is imperative to have a

clear understanding of listing terms, price, and condition of your home for potential buyers. A few of

these documents are listed below:

Listing Agreement

Square Footage Disclosure

Seller’s Property Disclosure

Lead Based Paint (if applicable)

Closing Instructions

Source of Water

Definitions of Working Relationships

Wire Fraud

1. PHOTOS

Professional photos will be scheduled

prior to putting your home on the

market. You are more than welcome to

join in on the photoshoot!

2. MARKETING

We will usually receive the photos

within 24 hours. From there we send

photo to our in-house marketing

team who can create professional

brochures, flyers, and postcards.

3. SIGN

Our Madison & Co Properties For Sale

sign will be placed in your yard. Your

REALTORS® phone number and email

is displayed on the sign, making it easy

for potential buyers to contact us.

4. MLS / RECOLORADO

Last step is getting your home on the

MLS where brokers and buyers are able

to view your home and set up showings.

Showings begin!

14


SELLING PROCESS

HELPFUL DOCUMENTS

Once you go under contract on your home, it is very important to have information regarding your

home ready to go in case the buyer or lender requests it. This process moves very fast in some cases, so

it is better to be prepared than scrambling at the end for warranties or receipts. We have included a list

of items that buyers, lenders, and title companies might request during this phase of selling your home.

SELLER CHECKLIST

Gather all manuals for appliances

Receipts of work done to the home - including all major and minor

renovations

Start to locate all keys and garage door openers

Floorplans or surveys done previously

A list of utility providers and the average cost per month for summer

and winter months

Alarm or smart technology instructions available

HOA Communities:

Check with the HOA to see if there are any restrictions or

policies when listing your condo/townhome

If you have any known information regarding

assessments, certification letters, or HOA covenants,

please have those available for the buyers

Make sure to take down or put away anything of

importance or value, as people will be walking through

your home without you there.

15


MARKETING



3744 Mariposa, Denver CO 80211 | Listed at $635,000

2 Bedrooms | 3 Bathrooms | 1,439 Total SF

This exquisite 1800’s Denver home in the vibrant LoHi neighborhood has been totally redone just over a

year ago with modern amenities yet still holds the neighborhood charm. Open floor plan with hardwood

floors throughout, upgraded stainless steel appliances, custom cabinets, quartz countertops, newer HVAC,

plumbing and electrical. Amazing rooftop deck with unobstructed view of the city, large backyard and

detached 2 car garage make this home one of the best in the neighborhood. Enjoy easy walking accessibility to

Navajo’s charming theater, art galleries, restaurants, coffee shops, bars, Highlands neighborhood’s and Denver

• Well sought after LoHi neighborhood

• Built in1891

• Rooftop Deck - plumbed with water

and gas

• City Views

• Entire home remodeled

EXCLUSIVELY LISTED BY

SHARI PECK OF MADISON & CO PROPERTIES

CONTACT ME TODAY TO SEE

THIS BEAUTIFUL HOME IN PERSON

entertainment.

• Master bedroom exit to backyard

• Spacious backyard

• Front Patio

• 2 car Detached garage

• Navajo Art District

• New HVAC, plumbing and electrical

CONTACT ME FOR MORE INFORMATION!

Exclusively Listed by Shari Peck, REALTOR®

Madison & Company Properties, LTD

720-595-6048 | shari@madisonprops.com

www.madisonprops.com

©2019 Madison and Company Properties, LTD. Madison and Company Properties is a registered

trademark licensed to Madison and Company Properties, LTD. Locally owned and operated. An

equal opportunity company. All information deemed reliable but not guaranteed. If you have a

brokerage relationship with another agency, this is not intended as a solicitation. Source: MLS.

&

C O . PROPERTIES

MARKETING

STRATEGIC

Marketing your home is the most important part of attracting the appropriate buyer. These are the steps

we take to ensure your home is tastefully marketed - whether it is through print, digital, or any other

media outlet. Madison & Company Properties has an in-house marketing team who is fully prepared

and ready to tackle any marketing needs your home may need.

DIGITAL MARKETING

• Professional Website & Blog

• In-House Videographer

• Matterport 3D - 360º Digital Floorplan

• Personal Property Website for Homes Listed at $1M+

SOCIAL MEDIA

• Facebook and Instagram

Posts & Advertising

• In-House Social Media

Coordinator to Assist with

Visbility and Ad Campaigns

FULL SERVICE

PROPERTY MARKETING

• Brochures

• Flyers / Eflyers

• Just Listed / Sold Postcards

MADISON

3744 Mariposa

DENVER, COLORADO 80211

NEWLY LISTED

GLOBAL REACH

MADISON

& C O . PROPERTIES

FACEBOOK ADVERTISING

With almost 3 billion users on Facebook, our savvy Madison & Company

Properties brokers are utilizing this social media avenue more than ever!

18


• Built in1891

www.madisonprops.com

EXCLUSIVELY LISTED BY

MARKETING

PRINT PROPERTY MARKETING

PHOTOGRAPHY

You only get one chance to make a first impression, and this has never been truer than in real estate.

Having your home professionally photographed is one of the most crucial steps in listing your home.

With over 89% of buyers shopping for homes online, it is more important than ever to make your

home stand out from other homes from other homes on the market. We enlist professional real estate

photographers who will ensure your home looks its absolute best while staying true to its actual

condition and features. Our photographers use state-of-the-art technology such as HD video, virtual

tours, and personal home websites.

BROCHURES

Those beautiful, professional photos of your home will be on display in a personal brochure that our

marketing team will create for your home. It’s important to have a professional marketing brochure to

display in your home for showings or that your broker can use to market the sale of your home.

PROPERTY FLYERS / E-FLYERS

Flyers are a great tool to give the public a snapshot of your home’s specs and a few highlighting photos

or to promote an open house. At Madison & Company Properties, we are able to send out flyers as

E-flyers to the real estate community. We have a database of over 5,000 top producing brokers in the

Denver Metro area, which allows us to target market listings and open house at the request of your

broker.

JUST LISTED / JUST SOLD POSTCARDS

Once your home is officially on the market, it’s time to get the word out! We like to let your neighbors

and community know that your home is for sale.

MADISON

&

C O . PROPERTIES

3744 Mariposa

DENVER, COLORADO 80211

SHARI PECK OF MADISON & CO PROPERTIES

NEWLY LISTED

3744 Mariposa, Denver CO 80211 | Listed at $635,000

2 Bedrooms | 3 Bathrooms | 1,439 Total SF

JUST SOLD

Just Sold!

Exquisite 1800’s Denver home in the

vibrant LoHi neighborhood.

CONTACT ME TODAY TO SEE

THIS BEAUTIFUL HOME IN PERSON

This exquisite 1800’s Denver home in the vibrant LoHi neighborhood has been totally redone just over a

year ago with modern amenities yet still holds the neighborhood charm. Open floor plan with hardwood

floors throughout, upgraded stainless steel appliances, custom cabinets, quartz countertops, newer HVAC,

plumbing and electrical. Amazing rooftop deck with unobstructed view of the city, large backyard and

detached 2 car garage make this home one of the best in the neighborhood. Enjoy easy walking accessibility to

Navajo’s charming theater, art galleries, restaurants, coffee shops, bars, Highlands neighborhood’s and Denver

entertainment.

• We l sought after LoHi neighborhood

MADISON

& C O . PROPERTIES

• Rooftop Deck - plumbed with water

and gas

• City Views

• Entire home remodeled

• Master bedroom exi to backyard

• Spacious backyard

• Front Patio

• 2 car Detached garage

• Navajo Art District

• New HVAC, plumbing and electrical

CONTACT ME FOR MORE INFORMATION!

Exclusively Listed by Shari Peck, REALTOR®

Madison & Company Properties, LTD

720-595-6048 | shari@madisonprops.com

MADISON

& C O . PROPERTIES

©2019 Madison and Company Properties, LTD. Madison and Company Properties is a registered

trademark licensed to Madison and Company Properties, LTD. Loca ly owned and operated. An

equal opportunity company. A l information deemed reliable but not guaranteed. If you have a

19

brokerage relationship with another agency, this is not intended as a solicitation. Source: MLS.


MARKETING

MULTIPLE LISTING SERVICE

In-House Social Media Director

Madison & Company Properties offers a full-time, on-site Social Media

Director for our brokers. We utilize Instagram, Facebook, LinkedIn,

Twitter, YouTube, Pinterest, and blogging platforms to promote your

listing, gain exposure, and tell your home’s story. Photos and videos

connect us to each other in a way that just doesn’t happen with words

or text, and our Social Media Coordinator can provide the strategies

and exposure to enhance the visibility of your listing.

Providing...

• Paid Advertising

Campaign for

Your Listing

• Unique Video

for Your Home

• Enhanced SEO

• Targeted Marketing

and Demographics

• Analytics

• Facebook Live

FOLLOW US @MADISONPROPS

#’S TO KNOW

3,000 LEADS 23 MILLION

34 MILLION

from REcolorado.com, on

average every month, sent

directly to subscribers.

visitors annually to

REcolorado.com.

page views annually on

REcolorado.com.

20


MARKETING

SYNDICATION

WHERE CAN BUYERS VIEW MY HOME?

REcolorado, Colorado’s MLS (multiple listing service) database, is the most accurate and up-to-date platform for brokers and

buyers to search for properties. By listing your home on the MLS, your property will also be syndicated to third-party sites such as

REALTOR.com, Homes.com, Nextdoor.com, and Denverpost.com.

Beyond syndication, Madison & Company Properties has a full IDX feed to a multitude of websites that display homes for sale, under

contract, and sold. This allows your home to get as much exposure as possible.

TRUSTED

Home shoppers receive the

most reliable and up-todate

home information.

STATEWIDE AD CAMPAIGN

We have a statewide ad campaign in

place to bring homebuyers to

REcolorado.com to search for homes.

HELPFUL RESOURCES

Professional information for

agents, plus homebuyer and

seller information for consumers.

RECOLORADO.COM SYNDICATES TO...

• 25,000 listing views per month

• 1.19 is the average time a

consumer is on the site

• Your home will display in the

neighborhood most relevant

to the listing based on location

• Average of 5 million views / month

• 90% of page views are people

searching for their next home

• 75 Million views in November 2019

• Updated every 15 minutes

• Average visit duration is almost 7 minutes

• 157.2 million unique views / month

• 80% of US homes have been viewed on Zillow

• 37% of Zillow’s audience has an income of $100K

... PLUS MOVOTO, REDFIN, TRULIA, AND MORE!

21


MADISON

LUXURY

PROPERTIES


MADISON & COMPANY PROPERTIES

MADISON LUXURY PROPERTIES

MADISON’S LUXURY BRAND

As the premiere luxury homes search site, LuxuryRealEstate.com is known for

providing fine international estates and property listings. Recognized worldwide

by industry leaders and media alike, the Who’s Who In Luxury Real Estate brand

continues to set the standard for extraordinary estates by offering a network

of more than 1,500 brokerages with over 55,000 for-sale multimillion-dollar

mansions and properties from around the world. Our extensive list of luxury

homes for sale enables you to search and browse unique properties from across

the globe, including California, Nevada, Florida, Hawaii, Mid-Atlantic, Midwest,

New England, North Atlantic, Pacific Northwest, Rocky Mountains, Southeast,

Southwest, Africa, Asia, Australia, Canada, Caribbean, Central America, Europe,

Mexico, Middle East, South America, Tuscany, Italy, New Zealand, Paris, France,

London, England, Sweden, Costa Rica, Rome, Italy, Florence, Italy, Barcelona,

Spain, Switzerland, Latvia, Fiji, Phuket, and Thailand.

LuxuryRealEstate.com

The Webby Award-Winning Luxury Real Estate Website with the Most Multi-Million Dollar Properties

LUXURYREALESTATE.COM

38,968

Most Viewed Website on

Properties over $1 Million

The #1 portal for luxury properties on the

internet and has several times more

$1,000,000+ content of any near-peer.

SOTHEBY’S

24,308

LUXURY PORTFOLIO

21,206

CHRISTIE’S

15.469

CB GLOBAL LUXURY

SAVILLS

KNIGHT FRANK

4,922

6,727

7,847

LUXURY CONCIERGE PROGRAM

• Custom single property website for your listing

• Unique URL (example www.1234LoganSt.com)

• Additional syndication to international websites

• Lead capture - matching buyers to sellers

• Elevated luxury print marketing

• Featured blog post on MadisonProps.com for enhanced SEO

• Social media campaign paid for by Madison & Company

• Showing Presentations (Print and Digital)

23


ON THE MARKET & CLOSINGS



ON THE MARKET

WHAT HAPPENS WHEN YOU ARE ACTIVE

SHOWINGS

Once we list your home, brokers and their buyers gain access by calling

into a showing service. At Madison & Company Properties we use

ShowingTime. This full service showing database makes it the quickest

and most efficient way to get buyers in your home.

Showings can be set 24 hours a day, 7 days a week

Showing requests can be sent to your smart phone;

giving you the control to approve or decline showings

SHOWING FEEDBACK

Through ShowingTime, your Madison REALTOR®

sends out an email immediately after the showing

to receive feedback from the buyer’s agent. The

feedback is imperative especially if you are curious

to why your home is not selling as quickly as you

might have imagined.

VIRTUAL TOUR

Another way to get insights on your home is

through the virtual tour that is created by the

photographer that took pictures on your home.

How many people clicked on your listing

How long people stayed on your

property website

Which photos are most popular

26


UNDER CONTRACT

NEXT STEPS WHEN YOU ARE UNDER CONTRACT

OFFER ACCEPTED

Now that you have decided on an offer, it is time to start the under contract process. There

are a few dates and deadlines to be aware of - title deadline, due diligence, inspection

(including ILC’s and surveys), appraisal, and loan conditions. Remember where we asked

you to gather documents on your pre-listing preparation? This is where those may come in

handy and help move this process along a little more smoothly. The under contract process

can take anywhere from 30, 45, to 60 days.

INSPECTION

One of the most crucial steps in buying a home is performing an inspection. The buyers

elect to do this if they so choose. The buyer’s agent will set up a day and time that works

for you to have the inspector perform a full inspection of your home. It is best not to be

present during this time. It should take anywhere from 1-5 hours, depending on the size of

your home and how many inspections the buyer is requesting. After inspection, the buyers

agent will send an inspection objection requesting specific repairs or replacements, if

needed. At this time you can decide which items you agree to fix, repair, or replace (if any)

on the inspection resolution.

Remember, inspection items should be left to things that affect health and safety.

1

2

APPRAISAL

An appraisal will be required by the lender if the buyer is obtaining a loan. The appraisal is

to determine at which amount the bank will provide a loan. It is your agents responsibility

to meet the appraiser at your home to show where they came up with the listing price.

This can be explained by providing a list of comparable properties that sold of a similar

amount, a list of showings and offers that were received, etc. The appraisal could come

in low, high, or at value. Your Madison agent will guide you through this process if the

appraisal comes in low. After the appraisal, we wait for loan conditions deadline and then

you are that much closer to the closing table.

LOAN MONITORING

By the loan termination deadline date, the loan needs to be satisfactory in the buyer’s

subjective discretion. Specifically “contract is conditional upon buyer determining, in

buyer’s subjective discretion, that the availability, terms, conditions, and cost of such new

loan are satisfactory to buyer.” By that date, if the buyer does not approve of the loan, they

must deliver “written notice to seller to terminate the contract.”

3

4

27


PRE-CLOSING

SELLERS ESTIMATED NET SHEET

NOW TO THE CLOSING TABLE!

As the seller, you may be reponsible for the following estimated expenses associated with the sale

of your home. These are estimates so please consult your Madison REALTOR® for a more accurate

breakdown of costs.

Broker’s Commission

Madison Client Transaction Fee

Title Insurance (approximate)

Percentage of sales price

$295 per transaction

Sliding Scale based on sales price

$150,000 : $1,125

$500,000 : $1,775

$750,000 : $2,200

$1,000,000 : $2,650

Over $1 million, approximately $165 per $100,000

Improvement Location Certificate (ILC) $250 - $400

(If requested per the contract)

Water Escrow

Prorated Real Estate Taxes

$250 - $1,000 with balance refunded to seller

For current taxes not yet paid, pro-rated to sale

date and any due paid in arrears

Prorated Utilities & Assessment

For expenses incurred, but not paid, up to the

date of closing

Recording Fees $10 - $100

Homeowners Association Fees

Per the contract and as assessed by the HOA

HOA document Retrieval $100 - $175

Release Tracking Fee

$25 per release

Title Closing Fee $150 - $350

Disclaimer: This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal,

accounting, or other professional service. If legal or accounting advice or other expert assistance is required, the services of a competent professional should be sought. © Copyright, 2013, by Land Title Guarantee Company.

CLOSING

DAY!

DAY OF CLOSING

Don’t forget the wiring instructions for the bank that you wish your proceeds to be deposited

in, all keys to the property, and garage door openers. You will receive any proceed earned

from the sale once your mortgage balance and closing costs have been paid off.

CAUTION: We strongly recommend only relying on wiring instructions that come from a more secure source

such as in person communication, a phone call that you intiated, or through secure mail or package services.

Your Madison & Company agent will NEVER PROVIDE YOU WIRING INSTRUCTIONS. If you receive an

e-mail providing wiring instruction that purport to come from us, it is a fraudulent e-mail.

28


THE TERMS

UNDERSTANDING AGENCY TERMS

LISTING AGENT

A seller’s agent (or listing 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.

BUYER’S AGENT

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.

TRANSACTION-BROKER

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.

CUSTOMER

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.

Source: Colorado Real Estate Commission

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MADISONVAULT

A web application designed

to arm our REALTORS® and

our Sellers with a powerful

new tool in the arsenal.

This platform organizes and optimizes properties not yet

publicly listed, active buyers, and other selected pieces of

critical time-sensitive information to create a true advantage

in Denver’s highly competitive real estate industry.

Madison Vault is a private, internal community collaboration

platform providing the opportunity for sellers to get

a sale before they go public to the MLS. This technology

was created to fill key communication and technology gaps

that constrain the real estate industry. This platform unlocks

the potential for limiting showings, controlling the

process, and more.

» Organized, powerful, real-time “pocket listing” data

» Opportunity for sellers to get deals before they go to the public

» A tool for sellers to differentiate through technology

» Intuitive, automated, robust, and user-friendly platform

» Instant matching of buyer criteria and seller attributes

» Enter and upload a listing in 30 seconds (including pics)

» Double-ending deals can be financially meaningful for all sides

» Test your property in launchpad at whatever price you want

» Gain legitimate feedback on price point and activity from fellow

30

Madison agents with serious interested buyer matches

» Easily input a listing / buyer, then instantly identify matches

» Rapidly identify and inform clients of homes currently available

exclusively through the Madison community (use for buyers)

» Greater “middle-market” effectiveness through immediacy

of new availabilities, and maximum “luxury sale” advantage

accommodating both sellers who value privacy and buyers

seeking unique properties

» Automatically notify all other agents of matches and deal specifics

Buy & Sell Matching

Automatic Notifications

Proprietary Matching

Algorithm

Mobile-Friendly

Map Functionality

POWERED BY

ZOOMLISTING


MADISON & COMPANY PROPERTIES

GLOBAL EXPOSURE

As the premiere luxury homes search site, LuxuryRealEstate.com is known for providing

fine international estates and property listings. Recognized worldwide by industry

leaders and media alike, the Who’s Who In Luxury Real Estate brand continues to set the

standard for extraordinary estates by offering a network of more than 1,500 brokerages

with over 55,000 for-sale multimillion-dollar mansions and properties from around

the world. Their extensive list of luxury homes for sale enables buyers to search and

browse unique properties from across the globe, including California, Nevada, Florida,

Hawaii, Mid-Atlantic, Midwest, New England, North Atlantic, Pacific Northwest, Rocky

Mountains, Southeast, Southwest, Africa, Asia, Australia, Canada, Caribbean, Central

America, Europe, Mexico, Middle East, South America, Tuscany, Italy, New Zealand,

Paris, France, London, England, Sweden, Costa Rica, Rome, Italy, Florence, Italy,

Barcelona, Spain, Switzerland, Latvia, Fiji, Phuket, and Thailand.

Who’s Who in Luxury Real Estate

offers opportunities to connect with

top luxury real estate professionals

in unique markets around the world.

With listings in more than 60 countries,

LuxuryRealEstate.com’s international

reach is unparalleled.

LuxuryRealEstate.com

The Webby Award-Winning Luxury Real Estate Website with the Most Multi-Million Dollar Properties

LUXURYREALESTATE.COM

SOTHEBY’S

LUXURY PORTFOLIO

CHRISTIE’S

15.469

21,206

24,308

38,968

Most Viewed Website on

Properties over $1 Million

Traffic

CB GLOBAL LUXURY

SAVILLS

KNIGHT FRANK

4,922

6,727

7,847

The #1 portal for luxury properties on the

internet, this website has several times more

$1,000,000+ content of any near-peer.

Your home will be featured on this site, with

opportunities for special features in Wall

Street Journal, Luxury Real Estate Magazine,

the LRE® Blog, and to their social media

following on Facebook, Instagram, Twitter,

Pinterest, and LinkedIn.

LuxuryRealEstate.com ranks No. 1 on Google, Bing and Yahoo for luxury real estate and multi-million-dollar listing searches.

Additionally, the award-winning website has been honored by the Webby Awards, voted ‘Best of the Web’ by Forbes

and was most recently named ‘Best Real Estate Website’ in the 2018 Internet Advertising Competition Awards and

‘Outstanding Website’ in the 2018 WebAwards by the Web Marketing Association.

TOP 10

VISITING COUNTRIES

United States • Canada

United Kingdom • Australia

India • Spain • China

Germany • Czechia • Japan

Visits (annually) ................................................................................3.8 million

Active Listings .................................................................................55,000+

Countries with Active Listings .........................................................61

Average Listing Price ......................................................................$4.6 million

Active Listings over $10M ...............................................................1,900+

Total Inventory on LuxuryRealEstate.com .......................................$240 billion+

DID YOU KNOW...

Consumers in 230 countries /

territories perform searches on

LuxuryRealEstate.com every month.

By adding your luxury property to

this website, we are exposing your

home to a truly global audience.

31


MADISON

&

C O . PROPERTIES

WWW.MADISONPROPS.COM | MADISON & COMPANY PROPERTIES | (303) 771-3850

©2020 Madison & Company Properties, LLC. Madison & Company Properties is a registered trademark licensed to Madison & Company Properties, LLC. Locally owned and operated.

An equal opportunity company. All information deemed reliable but not guaranteed. If you have a brokerage relationship with another agency, this is not intended as a solicitation.

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