Barry Kunselman | 303.887.0588 | Contact Barry


The real estate market is very competitive across the country, and this is especially true in the Denver area. Homebuyers have fewer homes to choose from due to low inventory, so you need to be strategic to win. Make sure you have a trusted professional on your side. Your real estate agent will help you understand your local market and work with you to act quickly when the time is right. 


Here's how to compete with cash buyers when purchasing a home in the Denver Metro area.


Step one is to find a lender that can close in 10 to 15 days.

You need make sure that your lender is going to underwrite you, the buyer. Underwriting simply means that your lender verifies your income, assets, debt and property details in order to issue final approval for your loan. An underwriter is a financial expert who takes a look at your finances and assesses how much risk a lender will take on if they decide to give you a loan.

If the lender can underwrite the buyer and make sure that everything looks great on the file, in many cases you can eliminate the loan contingency.

Loan contingency – is a clause that allows buyers to cancel the contract of the home purchase with no penalties, and a refund of their earnest money deposit if they're unable to secure a mortgage. A loan contingency removal means that the buyer is on the hook for the contract terms whether they can get a loan. So if you failed to secure financing, you are still obligated to buy the property. Should you choose to cancel the contract, you will lose the deposit you have made on the home.


Second step is the appraisal.

An appraisal determines the fair market value of the home you'd like to buy. The appraisal contingency means that if your home doesn't appraise for the amount you've agreed to pay, you can walk away from the deal with your deposit. If the home does not appraise at the offer price, your lender will not approve the loan unless you pay the difference. In a perfect world if you've got comparable homes to support your offer and your real estate agent is 99% confident it's going to appraise you could potentially waive your appraisal leaving only your inspection.


If you're closing in 10 to 15 days and there's no loan contingency, no appraisal contingency, your offer is going to stand out very similar to a cash offer.


Watch out for future videos on appraisal gap and more strategies that will help you achieve your real estate goals.


If you’d like to take a look at what’s available on the market today, you can view the homes that are available in the largest MLS in Colorado right now:


Click here to see the latest Denver homes for sale

Search Denver Metro Homes for sale


Buyers are motivated to beat rising mortgage rates, and many want to escape rising rents. There’s also additional demand from millennials who are reaching peak homebuying age. Even when it’s challenging to find a home, you can still succeed as a buyer today if you have a trusted advisor on your side every step of the way. Call 303.887.0588 or email



How To Price Your Home to Sell for Top Dollar

7 Steps To Sucess In Applying For A Mortgage In Denver