Realtor Poses as Waitress

Friends- Please save the date of Oct 16 and come to the Mother House breakfast at Applebee’s on 28th St. from 7-9:30. It is an excellent deal for all you can eat-pancakes, sausage, eggs, juice and coffee for $8. Back by popular demand, I will be waitressing!

Think of bringing your kids, relatives and friends. Mother House makes $6 from each ticket, so we make much needed $$, and you get a really great b-fast. I have tickets, so call me and I will deliver.

Mother House provides a safe haven for pregnant women who are at risk. We are committed to protecting their unborn children, providing a nurturing and loving home, and encouraging them to rebuild the confidence and skills necessary for a successful future. Mother house is a non-profit 501(c)(3) organization.

National Real Estate Open House Days April 10-11

Wright Kingdom is participating in a nationwide Open House event the weekend of April 10 and 11. Why should you come out and take a look at the Open Houses in Boulder, Longmont, Lafayette, Erie, Superior, Lousiville, Broomfield and beyond that Wright Kingdom will be showcasing? Here is a list provided by the Colorado Association of Realtors:
-Interest Rates are still low
-Home prices are lower
-There are a variety of home choices available
-The expanded First-Time Homebuyer’s Federal Tax Credit is STILL available. Contract has to be in place by April 30, 2010

Why else should you come check out these homes for sale in Boulder County? Well if you are not already a home owner, the advantages are endless. Homeownership is an investment in your future that offers immediate benefits as well as long-term value. It helps build wealth over the long term and has been shown to reduce crime, improve education, and increase community involvement. For many people, now really is a good time to buy a home. Inventory is high, prices are down and mortgage rates are near 50-year lows. And right now, first-time buyers can qualify for up to $8,000 and current homeowners can qualify for as much as $6,500, but they must have a contract in place by April 30, 2010. Homeownership is an investment in your future. It offers immediate benefits and long-term value.

Eventually, home prices and interest rates will climb, inventory will become scarce and the tax credit will be gone. So get out and visit all the Wright Kingdom Open Houses on April 10-11. After all, one of the Open Houses you visit may be the one you’ve been looking for!

Wright Kingdom is part of the most successful network in the U.S.- Leading Real Estate Companies of the World

• Leading Real Estate Companies of the World® sells over 1 million homes annually valued at nearly $300 billion – more than any other real estate network.
• Our network encompasses 150,000 sales associates worldwide and 5,000 offices with over 600 of only the best independent companies that must meet high standards to qualify for membership in this elite group.
• This network dominates the list of the top 500 real estate companies in the United States, with 30% of the total sales generated by the 500 highest-producing residential companies in the country
• Leading Real Estate Companies of the World® has more Number One firms in terms of sales or volume in more of the top 88 markets than any other national real estate organization.

Please allow me to refer you to one of our leading agents anywhere in the world; for your own moving needs, your children moving to college, your relatives and friends. We are glad to serve you as a team.
Thanks for reading, Lois

Real Estate Notes- Taxes

Don't forget to call me if you need help with a property tax protest. My cell # 303-882-8830. I can provide you with neighborhood comparable sales information that could help you prepare a protest document for the County Assessor.

The First Time Home Buyer Tax Credit of $8000 has been extended into 2010. Qualifications are; first time buyers within certain liberal income guidelines, under contract by end of April, and closing by end of June, 2010.
Repeat or move-up buyers can also qualify for a tax credit of up to $6500. Qualifications are; Having lived in the same principal residence for 5 years, within liberal income guidelines, maximum new home purchase price of $800,000. Call me for details. Office # 303-541-1915, cell 303-882-98830.

Thanks for reading, Lois Purtell

GMIC, one of the federal agencies that tracks home markets, is reporting in its Jan. 1st, 2010 post that Denver and the surrounding area is the only improving real estate market in the country. It reports Denver as soft, but improving. MGIC tracks only major metropolitan cities, so no reporting for the smaller Front Range cities. As I reported last week, PMI, which tracks smaller cites also, rates Boulder-Ft. Collins as very stable with little chance of a decline in prices.

Property taxes are being sent out this week. If you have questions about your property tax for this year, call me for help -303-882-8830.

Good news at the FHA- FHA Commissioner David Stephens withstood political pressure to tighten FHA loan standards which would have caused even less home-buying credit to be available. FHA money will remain available under most of the same guidelines as it has been previously. But Stephens has announced that he will publically expose lenders that make too many bad loans. Bad loans- out of business. We could have used some of that in the past years in the lending industry.


Call me or email me with comments or questions. 303-882-8830, or lpurtell@wkre.com.

thanks for reading...

PMI U.S. Market Risk Index 2nd Quarter 2009

PMI, a federal gov't agency that tracks real estate markets, has published the quarterly risk ratings of U.S. cities. Boulder is cited as having a low risk of declining prices. On the other end of the spectrum are such markets such as cities in Florida and Nevada and California, showing high risk of further decline. These other markets have had very high appreciation in past years and now are suffering huge losses. This is the boom- bust syndrome. Boulder has always steadily appreciated at a modest rate and is not suffering decline. We have never had a boom-bust market here, thankfully.