It was beautiful September weather for Broomfield Days this year. If you're new to Broomfield, Colorado, this is the annual town festival that brings the community together for fun and friendship. Sponsored by the City and County of Broomfield, events include everything from golf tournaments, 5K race, town parade, and the latest craze, dock jumping. What? You guessed it. This is the ultimate dog competition you can't afford to miss.
If you're looking for real estate in Broomfield, CO, be sure to visit our web site Or call Chip Bruss at 303-463-3660 for more info.
Only 35 shopping days left for "wannabe" home owners in Broomfield, CO that want to take advantage of the $8000 First Time Home Buyer Tax Credit. The $8000 federal tax credit, offered this year to stimulate home sales, will end November 30, 2009, which means that first time home buyers in Colorado who qualify for the credit must close on their first home purchase transaction on or before November 30th.
I'm telling home buyers in Broomfield, CO and surrounding areas that in order to take advantage of the tax credit, you have to be Under Contract, no later than October 30th. Really, the minimum time frame for processing a typical real estate transaction is at least 30 days. However, many transactions are actually taking 45-60 days, due to changing loan requirements and the over supply of FHA loan requests in Broomfield, CO.
The demand for FHA loans has been staggering this year. Approximately 40% of all real estate sales in 2009 have been from First Time Home Buyers, according to the National Association of Realtors. And with only 3.5% down payment requirements, FHA is the logical choice for most people purchasing their first home. CFHA, the Colorado Finance and Housing Authority also offers a down payment assistance program with as little as $1000 down for qualifying purchasers.
In response to the demand, I have organized a series of First Time Home Buyer classes, held monthly at the Arvada Public Library. We've held a total of six classes over the summer and the response has been really exciting. We have several real estate professionals on site to answer questions, such as a mortgage banker, home inspector, tax expert, home insurance expert, and more. The next class will be held Tuesday, October 13th, from 7-8:30 PM. But with time running short, home buyers can also gather good information at a special web site we set up-http://www.cfthb.com/. For more information about the classes or the first time home buyer tax credit in Broomfield, CO, please visit the web site or call me.
Chip Bruss, www.chipbruss.com, chipbruss@kw.com, 303-463-3660.
Mitch Friedman from Premier Mortgage Group teaching home finance.
I practice real estate in Broomfield, CO and I'm passionate about creating higher standards in real estate. I read some posts on Active Rain about Honesty. In response, I think the issue of honesty goes much deeper than a blog post or platitudes like ‘honesty is the best policy'. I believe questionable honesty, marginal integrity, and wavering ethics are an epidemic in our industry. Years ago, I worked for The Ken Blanchard Companies (author of The One Minute Manger). Ken used to say, "perception is realty", meaning if our customers perceive us to be dishonest or unethical, then all the jumping up and down and writing blog posts about how honest we are won't change a thing. Their perception is real. Steven Levitt, author of Freakonomics reveals dishonest behavior in many walks of life from school teachers, to realtors, to sumo wrestlers, based on the structure of their incentive, meaning most of us are given an incentive to be dishonest. So how do we "raise the bar" in our industry? To me, it all starts with a clear sense of shared purpose-why do we do what we do? If we answered that question, then we would create higher principles and standards around that purpose, which then leads to better people and systems, which ultimately leads to a higher quality of service to the end customer. This is where the NAR comes in--the standards are simply too low. It's all too easy for anyone with a pulse to become a realtor and start advising people on the largest financial transaction in their life, hoping they'll make a tidy commission. Or maybe, just maybe, a higher purpose starts from the ground up with a group of high minded professionals chatting on blog posts...
Colorado real estate broker with Keller Williams Realty in Broomfield, CO.
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