Colorado Springs Real Estate Journal

Vol.2 No.10 www.csrej.com June 28, 2010

Hard HatTours

New Home StarWhite Linen Affair

MUCHMORE

INSIDE!

WCRLuncheon

PAGE 2 PAGE 11PAGE 4

PRSRT STDUS POSTAGEPAIDPERMIT 745 COLO SPGS CO

National News ................. Page 3Local News ..................... Page 9On the Move ................... 3Local Expert ................... Page 14Around the Corner ............ Page 15

Realtor Content Resource helps Realtors extend their value beyond the buy

May shows a continued strong pace for existing-home sales

NAR commends Senators for offering Homebuyer Tax Credit extension, urges Senate and House to quickly pass legislation

The New

CSREJ.com Reserve this front page ad. Call Rachelle. 205-1299

Check it out today!

Yun

Existing-home sales remained at el-evated levels in May on buyer response to the tax credit, characterized by stabi-lizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.

Existing-home sales, which are com-

pleted transactions that include single-family, townhomes, condominiums and co-ops, were at a season-ally adjusted annual rate of 5.66 million units in May, down 2.2 percent from an upwardly re-vised surge of 5.79 mil-lion units in April. May closings are 19.2 percent above the 4.75

million-unit level in May 2009; April sales were revised to show an 8.0 percent monthly gain.

Lawrence Yun, NAR chief economist, said he expects one more month of ele-vated home sales. “We are witnessing the ongoing effects of the home buyer tax credit, which we’ll also see in June real estate closings,” he said. “However, ap-proximately 180,000 home buyers who

signed a contract in good faith to receive the tax credit may not be able to finalize by the end of June due to delays in the mortgage process, particularly for short sales.

“In addition, many potential sales are being delayed by an interruption in the National Flood Insurance Program.

The National Association of Real-tors® is making it easier for members to access expertly written, ready-to-use consumer articles through the new Real-tor® Content Resource. This is a no-cost, members-only benefit available through HouseLogic.com, NAR’s homeowner-ship site for consumers.

The Realtor® Content Resource gives Realtor® associations and members free, easy access to premier HouseLogic ar-ticles that they can use in consumer newsletters, blogs, websites and market-ing materials. The articles are loaded with information to help homeowners make smart decisions about maintaining, pro-tecting and increasing the value of their homes.

“Realtors® are the best source for real estate information and the Realtor® Content Resource helps our members enhance their reputation as housing ex-perts,” said NAR President Vicki Cox Golder, owner of Vicki L. Cox & As-sociates in Tucson, Ariz. “The Realtor® Content Resource includes helpful tools, marketing slicks, and innovative con-sumer content that Realtors® can use at no cost to supplement their marketing efforts, keep in touch with their clients,

and grow their consumer relationships and businesses.”

According to the NAR 2010 Member Profile, real estate websites and blogs have steadily increased as a marketing tool for real estate agents; in fact, nearly two-thirds of Realtors® have a real estate website and one in 10 have a blog.

“While the Internet has transformed the way Realtors® do business and stay in touch with their clients, maintaining a website or blog requires a great invest-ment of time and money,” said Golder. “The Realtor® Content Resource is an

The National Association of Real-tors® today expressed thanks on behalf of America’s homebuyers to three Senators for introducing a measure to extend the present home-buyer tax credit closing deadline to Sept. 30. They are Senate Ma-jority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn.

“As the leading advocate for home-ownership and housing issues, NAR commends these Senators for their atten-tiveness and sensitivity to thousands of qualified home purchasers, who through no fault of their own, are not able to meet the closing deadline of June 30 for the homebuyer tax credit. Now we urge the Senate and the House to act quickly to pass this legislation and ease the minds and pocketbooks of these homebuyers,” said NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz.

See Tax Credit page 3See Content Resource page 6

See May Sales page 6

2 Colorado Springs Real Estate Journal www.csrej.com June 28, 2010

Director of AdvertisingRachelle Nardo

[email protected]

Director of PublishingJosh Olson

[email protected]

Colorado Springs Real Estate Journal LLC (CSREJ) is locally owned and operated out of Colo-rado Springs, Colorado. CSREJ is published once a month and dis-tributed through US Mail to nearly all members of The Pikes Peak Association of Realtors® and The Colorado Springs Housing & Build-ing Association and many other industry-related professionals.

CSREJ is not responsible for any opinions or facts expressed by non-staff writers. CSREJ shall not be held responsible for any errors in advertising or editorial content.

Realtor® is a registered trade-mark. Sometimes the word Re-altor® or Realtors® will appear without the “®” symbol for the purpose of saving space. The reg-istered trademark should be as-sumed if it is not present.

We welcome the submission of articles, photos and press releases. Please email any considerations to:

[email protected]

• Article SubmissionPlease submit articles no lon-ger than 700 words in a Word document with an accompa-nying byline and appropri-ate contact information. A headshot is also welcomed. Please submit headshot in JPG format.

• Press ReleasesPlease submit press releases directly into an email or an attached Word document. A PDF is acceptable but not preferred. Please include any photos in JPG format at-tached to the same email.

• On the MovePlease submit a short bio no more than 150 words for any-one that has joined your team in a Word document or direct-ly in an email. A headshot may also be attached to the email as a JPG.

This is for any business in the industry (Real Estate, Build-ers, Title Companies, Mort-gage Companies, etc.)

• Photos/EventsPlease attached pictures in JPG format in an email with any notes or captions direct-ly in the email or in a Word document.

Office: 719.205.1299Fax: 719.550.4373

www.csrej.com

Colorado Springs Real Estate Journal LLC3608 Galley Rd | Colo Springs, CO 80909

Not affiliated with The Colorado Springs Business Journal

Empire Title Hard Hat ToursMay 18 and June 16, 2010

Above: Judy Marshall with Judy Marshall Real Estate, Petra Hughes with Petra Hughes Real Estate, Bobbi Betts with Prudential, Gigi Williams with RE/MAX and Christy Schmitt with Bank of America.

MAY TOUR:

JUNE TOUR:

Above: Ron Allen with Keystone Professional,LLC, Rick Gonzales with The Masters Real Estate Group and Tom Yukman with ERA Herman Group.

Above: Jim Martin and Jim Wright with ERA Shields.

Above: Kimberly Hazard with Creekstone Homes and Christy Schmitt with Bank of America.

Above: Ron Johnson and Susan Weiss with New Generation Homes, Bill McAfee with Empire Title and Ann Daugherty with ERA Herman Group.

Above: Laura Fricosu and John Wilson with Challenger Homes and Carla Carberry with ERA Herman Group.

Above: Lisa Riley with RE/MAX Properties, Stephanie Hawthorne with Empire Title and Brenda Kelso with ERA Herman Group.

Above: Jean Whelan and Carrie Goodman with The Masters Real Estate Group and Debby Elliott-Shultz with Century 21 Holt Realty.

June 28, 2010 www.csrej.com Colorado Springs Real Estate Journal 3

National News

NEW DEVELOPMENT NEW DEVELOPMENT NEW DEVELOPMENT IN PEREGRINE!IN PEREGRINE!IN PEREGRINE!

7 Patio Homes Starting At $329,900

Still Time To Select Your Floor Plan And Choose Your Colors! Features Include: 3BD/2BA • Approx 3200 Sq Ft

Main Level Living • 2x6 Construction • Private Backyards GE Profile Appliances • Gas Fireplace in Great Room Optional Study • Vaulted Ceilings • 5-Pc Master Bath

D-20 Schools • Customizing Options Available

At The Top Of The Ridge Where Centennial & Woodmen Intersect Situated Against A Serene Hillside And Surrounded

By Gorgeous Views, A New Patio Home Development Is Under Way! New On The Market And Now Taking Lot

Reservations. Call For More Details.

Debbie Reardon: 955-8525 or Cell: 499-4767

~ Built By ~ PregioHomes LLC

A Division of Colarelli Construction

Alliance Financial Partners Is Funding The Project And Offering A $3,000

Incentive To Buyers!

The measure was offered as an amendment to H.R. 4213, a tax extension bill now in the Senate.

NAR estimates the number of home buyers who have qualified for the tax credit and met the contract dead-line of April 30, but who would not be able to close their transaction by the June 30 deadline, could go as high as 180,000. Realtors® have reported as many as one-third of qualified applicants have been notified by lenders that their mortgages will not close before June 30 due to the

sheer volume of applications in the pipeline.“These are not buyers who just entered into the mar-

ket. These are buyers who previously met all the qualifi-cations for the tax credit, but find themselves at the mer-cy of a work-flow jam with the lenders or other delays and might not be able to complete the purchase of their homes,” said Golder. “It would be a tragedy for them not to be able to complete the purchase in time to claim the credit.”

Golder said she also wanted to make this clear: “This amendment does not extend the deadline for home buy-

ers to qualify for the tax credit; it extends the deadline for closing the transaction, from June 30 to Sept.30. Since these applications were already in the pipeline and figured into the program’s cost, the extension of the clos-ing deadline should not incur any further government costs.”

© Copyright National Association of Realtors. Reprinted with permission.

Tax Credit from page 1

50+ consumer sentiment appears to be on the rise, ac-cording to the latest consumer survey conducted by Pro-Matura Group, a nationally recognized market research firm focusing on the 50+ consumer.

The findings were discussed during a recent webinar, “2010 What 50+ Consumers Want: New Research to Help You Understand Your Target Market,” hosted by NAHB’s 50+ Housing Council.

Margaret Wylde and two members of her ProMatura staff presented the 50+ consumers’ outlook, based on two surveys of more than 1,400 50+ households and a com-parison of results from September 2009 and May 2010.

The study looked at 50+ consumers’ desire to move over the next three years, the challenges of selling a cur-rent home and the overall perception of the 50+ housing market from the consumer’s point of view.

According to the survey, 50+ respondents who would be interested in buying a home in the next few years in-creased slightly, and the likelihood of this decision also increased from September to May — indicating that consumers are feeling more optimistic about the market and making a move in the near future.

The results also indicated that 50+ consumers shop-ping for a new home are seldom looking for a new one more than 18 months in advance.

In addition, nearly a third — 30% of those surveyed — were unlikely to purchase a home without an incentive.

“The proportion of people who are likely to move to a 50+ community depends on how you position the com-munity and your age qualifications,” Wylde said. “It’s im-portant to know what’s going on in your market and how the product you build affects your market share.”

Seventy percent of the respondents sold their homes before they moved, while 15% sold after moving, and it took an average of five months to sell a home in May, an increase from the three-month average to sell a home in September.

Respondents to the May 2010 survey also were in a better position to profit from a home sale, compared to seven months ago, when 50+ consumers were taking on more debt to purchase the new home even after selling their current home.

50+ primary home purchases have risen by 5% and second home purchases have declined, according to the

surveys, but Wylde said there were indications that po-tential buyers investing in a secondary home is on the rise. While potential purchasers are not overly optimis-tic about conditions in the market today, she said they are not as pessimistic as they used to be.

“You must know your market conditions and match your product and pricing to what they want and are will-ing to pay,” Wylde said.

In both the September and May surveys, respondents were asked to rate the overall market. In the May 2010 survey, a higher proportion rated the market as good and a smaller proportion felt the market was poor, compared to the September 2009 survey.

Consumers are understandably more cautious as the market recovers, but this recent study shows that that there is still a demand for 50+ housing. Matching the product to the consumer, with the right incentives for the right price is crucial to continued success.

The above article has been provided to you compliments of NAHB and Nation’s Builder News.

50+ market looking up, new 50+ consumer research finds


Kar

en B

lose

rC

ell P

hone

:71

9-45

9-71

78kb

lose

r@fn

f.com

Lisa

Wes

sel

Cel

l Pho

ne:

719-

243-

2511

lwes

sel@

fnf.c

om

Terr

y D

avis

Cel

l Pho

ne:

719-

338-

7878

ted

avis

@fn

f.com

Shir

lee

Dob

bs

Cel

l Pho

ne:

719-

640-

9454

sdob

bs@

fnf.c

om

Deb

bie

Wils

onC

ell P

hone

:71

9-25

2-04

86d

wils

on@

fnf.c

om

Gre

g W

olff

Vic

e Pr

esid

ent

719-

590-

1711

gw

olff@

fnf.c

om

NO

W T

HA

T W

E H

AV

E Y

OU

R A

TTE

NTI

ON

: “Str

ong

just

got

Str

ong

er”

Secu

rity

Titl

e has

cha

nged

thei

r na

me

to:

1864

Woo

dm

oor

Driv

e, S

uite

100

Mon

umen

t, C

O 8

0132

1277

Kel

ly J

ohns

on B

lvd

., Su

ite 1

00C

olor

ado

Sprin

gs,

CO

809

20

719-

590-

1711

2864

S. C

ircle

Driv

e, S

uite

400

Col

orad

o Sp

ring

s, C

O 8

0906

Our

nam

e ha

s ch

ang

ed,

how

ever

we

have

th

e sa

me

gre

at p

eop

le

to s

erve

you

!

Und

er t

he F

idel

ity

Nat

iona

l Ti

tle

Nam

e w

e ha

ve e

ven

mor

e w

ays

to h

elp

wit

h yo

ur

tran

sact

ions

!

Womens Council of RealtorsJune 10, 2010

Above: Dawn White with Dawn White and CO, Renate Carrier with Equity Company, Scott Baughman with Premier Homes and Tami Stanley with Stewart Title.

Above: Donna Major with RE/MAX Real Estate Group, Angie Parker and Thomas Platek with ERA Herman Group.

Right: Michelle Ackerman and Marlee Wilson with The Gazette.

Left: Jorgette Krsulic with Colorado Casa and Pat Holte with RE/MAX Real Estate Group.

Below: Audrey Beckett with RE/MAX Properties, Kris Frank with Prudential and Macie Chadwick with RE/MAX Properties.


National News

OurÊNEWESTÊmodel,ÊnowÊcompleteÊinÊRemingtonÊHill!TheÊEuropeanÊCottage...aÊgorgeousÊRanchÊHome.

Ê

$397,950!

$397,950!

visitÊtoday!VideosNew ModelsRealtor IncentivesInventory and More!

We Want To Get To Know You! Connect With Vanguard Homes:

www.VanguardNewHomes.com

theÊHillingdon

Marketed By 866.481.2575

16648 Greyhawk Dr. Jackson Creek in Monument . OPEN DAILY.

Cyber thieves targeting home building firms, other small businessesAt a time when cyber thieves are increasingly tar-

geting small- and medium-sized businesses, including home building firms, NAHB is urging its members to monitor their bank accounts closely and on a regular basis. Members should also review and understand the agreements they have with their financial institutions and know when they may be liable for fraudulent online banking activities.

A common criminal activity is tapping into a firm’s online banking system and transferring funds from its accounts.

Patco Construction Co. Inc., a Maine-based construc-tion firm, was the victim of a major heist when its corpo-rate bank account was raided over a one-week period in May of 2009. Cyber thieves gained access to the com-pany’s online banking credentials and initiated a series of automated clearing house (ACH) transactions, netting the thieves more than $500,000 in fraudulent transfers. While the business was ultimately able to collect about $230,000 of the stolen funds, it was left on the hook for more than $345,000.

ACH transactions are electronic checks that are pro-cessed like paper checks, and they do not travel directly from one bank to another. It typically takes one or two days to credit and deduct amounts at the originating and paying banks.

When Patco was unable to work out a satisfactory resolution with its bank to recover its lost funds, the company then filed a lawsuit against its financial institu-tion, Ocean Bank, a division of People’s United Bank of Bridgeport, Conn., for failing to protect its customers’ funds against theft.

“We want to get the word out to the home building community that cyber fraud is a growing threat and any business could fall victim to what happened to us,” said Mark Patterson, president of Patco Construction. “There needs to be a legislative solution so that firms can obtain similar legal protections that consumers enjoy, so that they won’t be forced to absorb losses when their online banking credentials are hijacked by cyber thieves.”

Most consumers who dispute any fraudulent charges on their bank account can generally receive a full refund if they notify their bank within 60 days of receiving their bank statement. However, businesses are not afforded the same legal protections, and have a much shorter time frame to detect and report any fraudulent activity if they hope to recover unauthorized transfers from their ac-count. The problem is that it can sometimes take days or weeks to discover if any unauthorized transactions have taken place. And even if the theft is discovered promptly, there is no guarantee that the firm will be able to recover all or any of the fraudulent transfers.

Patco’s litigation case was featured last fall in a story in The Washington Post.

The company’s lawsuit claims that Ocean Bank did not detect and prevent the fraudulent transfers even though they were the largest ACH credit transfers ever made from Patco’s account; originated from an Inter-net protocol address that Patco never used; and sent funds to numerous individual accounts to which Patco never before had transferred funds. In addition, because Patco’s available funds in its account did not cover the fraudulent transfers, the bank drew more than $200,000 on the company’s line of credit to make up for the short-fall and then called on Patco to repay interest on the tapped credit line.

Small businesses tend to have fewer technical and financial resources to protect their computer systems against hackers. To help ward off attacks from cyber thieves, companies that use Microsoft Corp's Internet Explorer browser may want to consider using IE 8, which contains the most-up-to-date security features to guard against attack. Firms need to stay current with software patches and use the most current firewalls, virus protec-tion and spyware removal software.

To protect accounts, it is recommended that compa-nies ask their banks to set up “dual controls” on their ac-

count, where one person initiates a payment file creation while another approves it for release. Limiting adminis-trative rights on users’ workstations will also help avoid the unintended downloading of “malware” — malicious software designed to infiltrate or damage a computer system — or other viruses.

Experts also say that companies should check their bank balances and scheduled payments at the end of every work day, rather than the beginning, and contact their bank immediately if they detect any discrepancies.

Additionally, companies are encouraged to review and understand their agreements with their financial institutions to know what rights they have in the case of cyber theft. Businesses should also urge their banks to provide the latest in online fraud protection and also consider adding insurance coverage to protect against fraud losses.

Builders seeking more information on defending against online bank fraud and on how to proceed if they fall victim, can contact Mark Patterson at [email protected].

The above article has been provided to you compliments of NAHB and Nation’s Builder News.


National News

Is this your Managing

Broker?

Not asRESPONSIVEas you like?

Re-Launch your Career with Colorado Springs’ #1 New Home Sales Team!

CALL TODAY 719-550-4277

And set up your 100% Confi dential

interview!

www.CoNewHome.com

No desk fees! • No copy fees!• Free e-contracts! • Extensive hands-on training! • Ride-with programs!• Specializing in new construction! • Earn those big new home • commissions and bonuses!Company provided leads! •

21 ▫ st century marketing program! 3 mall kiosks! ▫Extensive internet lead generation ▫

On call management team to answer • any question! Easiest, safest, and cheapest way • to re-start your career!

Florida and Louisiana, also impacted by the oil spill, have the highest percentage of homes that require flood insurance.”

As the leading advocate for homeownership issues, NAR is supporting Senate amendments to extend the home buyer tax credit closing deadline through Septem-ber 30 for contracts written by April 30, and to renew the flood insurance program. “Sales and related local economic activity would have been higher without de-lays in the closing process or flood insurance issues,” Yun noted.

According to Freddie Mac, the national average com-mitment rate for a 30-year, conventional, fixed-rate mortgage fell to 4.89 percent in May from 5.10 percent

in April; the rate was 4.86 percent in May 2009.The national median existing-home price for all hous-

ing types was $179,600 in May, up 2.7 percent from May 2009. Distressed homes slipped to 31 percent of sales last month, compared with 33 percent in April; it was also 33 percent in May 2009.

NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz., said home prices have been stabilizing all year. “With distressed sales at roughly the same level as a year ago, the gain in home prices is a hopeful sign that the market is in a good po-sition to stand on its own without further government stimulus,” she said.

“Very affordable mortgage interest rates and stabi-lizing home prices are encouraging home buyers who were on the sidelines during most of the boom and bust

cycle,” Golder said.Pending home sales are expected to decline notably

in May and June from the spring surge, but Yun added that job growth and a manageable level of foreclosures are keys to sales and price performance during the sec-ond half of the year.

A parallel NAR practitioner survey shows first-time buyers purchased 46 percent of homes in May, down from 49 percent in April. Investors accounted for 14 per-cent of transactions in May compared with 15 percent in April; the remaining sales were to repeat buyers. All-cash sales were at 25 percent in May, edging down from a 26 percent share in April.

Total housing inventory at the end of May fell 3.4 percent to 3.89 million existing homes available for sale, which represents an 8.3-month supply at the current sales pace, compared with an 8.4-month supply in April. Raw unsold inventory is 1.1 percent above a year ago, but is still 14.9 percent below the record of 4.58 million in July 2008.

Single-family home sales declined 1.6 percent to a seasonally adjusted annual rate of 4.98 million in May from a pace of 5.06 million in April, but are 17.5 percent above the 4.24 million level in May 2009. The median existing single-family home price was $179,400 in May, which is 2.7 percent above a year ago.

Single-family median existing-home prices were high-er in 16 out of 20 metropolitan statistical areas reported in May from a year ago. In addition, existing single-fam-ily home sales rose in 18 of the 20 areas from May 2009.

Existing condominium and co-op sales fell 6.8 per-cent to a seasonally adjusted annual rate of 680,000 in May from 730,000 in April, but are 32.6 percent above the 513,000-unit pace in May 2009. The median existing condo price was $181,300 in May, up 3.4 percent from a year ago.

Regionally, existing-home sales in the Northeast fell 18.3 percent to an annual level of 890,000 in May from a surge in April, but are 12.7 percent higher than a year ago. The median price in the Northeast was $240,200, down 2.2 percent from May 2009.

Existing-home sales in the Midwest were unchanged in May at a pace of 1.33 million and are 22.0 percent above May 2009. The median price in the Midwest was $150,700, up 2.2 percent from a year ago.

In the South, existing-home sales increased 0.5 per-cent to an annual level of 2.15 million in May and are 22.9 percent above a year ago. The median price in the South was $159,000, up 1.0 percent from May 2009.

Existing-home sales in the West rose 4.9 percent to an annual rate of 1.29 million in May and are 15.2 percent higher than May 2009. The median price in the West was $221,300, up 7.4 percent from a year ago.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, rep-resenting 1.1 million members involved in all aspects of the residential and commercial real estate industries.


excellent tool for Realtors® who are searching for a free source for expertly written, ready-to-use consumer con-tent to enrich their on- and off-line marketing materials.”

The Realtor® Content Resource includes hundreds of articles written by top journalists on timely, important topics for homeowners, including smart home improve-ment and maintenance tips; tax, finance, and insurance insights; and resources to help homeowners engage in issues that affect their communities.

The Realtor® Content Resource allows NAR mem-bers to quickly create content-rich handouts and leave-behind materials by downloading word-compatible or plain text handouts and personalizing them with logos or contact information.

A recently launched widget also makes it easy for members to import HouseLogic articles into their own e-newsletters, web pages or blogs. The size and shape of the widget can be customized, as can the number of ar-ticles displayed at one time. The content updates auto-matically in real time, so no additional work is needed to

keep the information fresh and timely. The free widget is available at www.houselogic.com/widgets.

“Taking advantage of the Realtor® Content Resource makes it easy for members to put a wealth of homeown-ership information into the hands of consumers and ex-tends their expertise beyond the home buying and sell-ing process,” said Golder.

Realtors® can visit the Realtor® Content Resource at www.houselogic.com/members.


May Sales from page 1

Content Resource from page 1


HBA Annual Trap Shoot

26th Annual Business ExpoMay 30, 2010


Classic Homes Dazzle & DesignMay 18, 2010

© Ent Federal Credit Union, 2010 • Ent is a registered trademark of Ent Federal Credit Union.

Ent is a community-chartered credit union Equal Opportunity Lender Federally insured by NCUA

*Standard credit qualifications apply. Loans are subject to final credit approval. Financing available on homes throughout Colorado.

Ent – A Realtor’s Lending PartnerAs a realtor, it’s important to help your buyers find the home they’re most comfortable in. At Ent, we’re here to make it easy for them to find the financing they’re comfortable with!

Ent offers a wide variety of mortgage loan options* to fit any homebuyer. Plus, all of Ent’s loan decisions are made locally and we service most loans in-house. Ask about our $300 Mortgage Guarantee, too!

Contact one of our Mortgage Loan Officers, today.

Freedom is

having a par tner you can trust.

Learn more in person, online, or by phone.

Ent.com/Mortgage (719) 574-1100 ext. 5602 or

800-525-9623 ext. 5602

Tom Bechtel(719) 550-6486

Marcus Brown(719) 550-6408

Josh Callens (Denver)

(720) 833-3324

Diane Danner(719) 550-6441

Alex Deboer(719) 550-6482

Stephanie Dombrowski

(719) 550-6485

Carol Flynn(719) 550-6470

Cathy Gonzalez(719) 550-6431

Suzi Gradisar (Pueblo)

(719) 296-2107

Brad Shaw(719) 550-6995

Lisa Shoblo(719) 550-6480

Tony Sloan(719) 550-6439

Above: Marc D. Towne, Stacey Moreland, Kathy Olson, Ty Olson of Classic Homes.

Above: Mark Fuerstenberger, Stacey Moreland, Cheryl Frimml, Karrie Kuklish and Marc D. Towne of Classic Homes.

Above: Mr. and Mrs. Jeff Landwere of SHAW Industries.

Above: Matt Foster of Planet Granite and guest.


Local News

legacy l title l group group group Empowering Our Associates To Make A Difference

(719) 442-1900LegacyTitle-LLC.com2 North Cascade, Suite 215

Great Tools for Realtors®

Postcard/Flyer Design & Printing• Great Lead Sources/FARM Lists• Property Profi le Books•

BIGGER DOESN’T MEANSTRONGER.

The art of creating a sense of community is as simple as adopting new patterns of behavior or developing new traditions.

The Wolf Ranch community in northeast Colorado Springs understands the impor-tance of traditions. The residential developer incorporated a Community Council that is designed to plan on-going programs, help connect neighbors through these events and build a strong sense of community through traditions.

The beautiful Gateway Park, located at Research and Tutt, has a waterfall, pond, fountain, picnic tables and entertainment pavilion and is the location for many of the planned events. The park is owned by the Wolf Ranch Old Metropolitan District and is open to the public.

When not being used by the Community Council, Gateway Park is open for use, and has been the site of parties, weddings and other activities that fit in scope of the park design.

Wolf Ranch is rich with social opportunities for its residents, and many programs are open to the general public to join in the fun.

• Each summer kicks off with the proud display of American flags along Research Boulevard and encircling the Wolf Ranch Gateway Park from morning until dusk. The dates flags are displayed are Memorial Day, Independence Day, La-bor Day, Flag Day and Veterans’ Day. Residents enjoy this display and are en-couraged to hang their own flags to show their spirit.

• The Annual Community-Wide Garage Sales has become a “happening” and is always scheduled on the weekend prior to Fathers’ Day weekend.

• One of the oldest traditions in Wolf Ranch is the series of FREE concerts. The concerts are hosted each summer in the community’s Gateway Park on Wednes-day nights from 6-8 p.m., featuring a wide variety of music styles.

• Classic Homes has been hosting an annual Pet Fair in Gateway Park for the past few years. Mark your calendar for Saturday, July 17 from 10 a.m. to 2 p.m. to attend this worthwhile event with your family and pets.

• Fall traditions include the “Taste of First & Main Town Center at Wolf Ranch.” This year the event is scheduled for September 13 from 11 a.m. to 1 p.m. This annual event showcases restaurants in the model homes and Recreation Center, all serving a different “Taste.” It is all free.

• The annual Howl-O-Ween haunted house at the Wolf Ranch Recreation Center is a monstrous tradition that is open the evenings of October 30 and 31 each year. It offers age appropriate staging with the scarier decorations creeping out as the hours grow darker.

Residents of Wolf Ranch have developed their own successful neighborhood pro-grams for smaller groups that include Neighborhood Watch, card parties, wine tast-ings, holiday gatherings and group outings to local sporting or cultural events.

Developing a sense of trust and reciprocity can bind neighborhoods. Programs that connect neighbors are enhancements to building a greater sense of community. Suc-cessful communities enhance their city and the surrounding areas.

When neighborhoods are connected through gatherings or communication, it also enhances the safety of the neighborhood.

These days, if you drive into a neighborhood where people wave at you, it almost feels foreign, but each one of those people that wave are keeping their neighborhood safe.

Criminals don’t want to be recognized. They want to blend in, to be faceless. By look-ing at people as they pass through a neighborhood, by greeting them with a wave or a hello, you are building a sense of community and fighting crime, both at the same time.

Encourage socialization in your family and get more involved as an active partici-pant. Plan something for your neighborhood. It might just prove to be the tradition to a better life for all.

Not sure what to do? Visit www.NationalNightOut.org for ideas about how your neighborhood can participate in this year’s 27th Annual National Night Out on Tues-day, August 3, 2010.

Visit www.Wolf-Ranch.com for information about the Wolf Ranch community and upcoming events.

“Traditions” create a safer, more inviting community


Local News

By Bill McAfeeEmpire Title—

Did the Homebuyer credit bring buyers to the market?

BEST OF THE BEST

www.etcos.com

Empire Title of Colorado Springs5755 Mark Dabling Blvd. Ste 110 | Colorado Springs, CO 80919

Phone: (719) 884-5300 Fax: (719) 884-5304

Empire Title of Woodland Park509 Scott Avenue | Woodland Park, CO 80863Phone: (719) 686-9888 Fax: (719) 686-8208

TOP PRODUCING REALTORS COLLECTIVELY, INSPIRING AND ENHANCING THE PIKES PEAK REGION BY GIVING BACK TO

THE COMMUNITY.

We Don’t Succeed Unless You Do!

The members who have joined Peak Producers have all met very specifi c professional and performance criteria:

Membership in the Pikes Peak Association • of Realtors

Outstanding volume of listing/sales • transactions (Top 10% minimum)

Strong motivation to support charitable • activities that give back to the Pikes Peak community

A willingness and desire to share their • networking skills, experience, and Real Estate knowledge to raise the level of professionalism within the Pikes Peak Association of Realtors

This is an interesting question which I believe will be answered within the next 3 months. It is hard to get the exact num-ber of transactions that went under contract compar-ing April to May. In order to qualify for the credit, con-tracts had to be completed by the end of April and close by June 30th. I did an informal survey with various employing brokers and it appears showings went down

dramatically from April to May. Closed transactions were up about 12%. I am anticipating June will be a good month for closed transactions because the homebuyer credit ends. If showings and transactions going under contract con-tinue to decline through June, July, and August, I believe the credit influenced buyers into the market who would not have purchased a home. If we see strong showings and transactions going under contract by the end of July and August, I believe the credit motivated buyers to act with urgency but was not the only reason they acted. Time will tell how the home-buyer credit affected the market.

The average home price was up 5% comparing April to May. (See chart #1) However, the market is at 2004 and 2005 levels.

The median sales price was up 4% comparing April to May. (See chart #2) However, prices are at 2004 and 2005 levels.

Residential units sold were up 12% comparing April to May. (See slide #3) However we are at 2003 levels.

Interest rates remain low as foreign in-vestors purchase our debt. (See slide #4) This is a factor buyers should be made aware of because a decline in demand could cause interest rates to rise!

For the first time this year the $300,000 to $399,999 price range crested over 10% of the sales. (See slide #5)

The number of people going into fore-closure is down 8% comparing January through May of 2009 to January through May of 2010. If this trend holds it could be forecasting drops in foreclosures, short sales, and bank owned properties. I dare to dream.

* This information is deemed reliable but not guar-anteed. Resources: Pikes Peak Multiple Listing Services, National Association of Realtors, El Paso County Clerk and Recorder, IRS, Freddie Mac.

Recap of May real estate statistics

[email protected]


Comprehensive residential and CommerCial inspeCtions by Colorado liCensed

professional engineers (p.e.)

[email protected] | criterium-mccafferty.com

945 Oak Ridge Rd., Manitou Springs, CO 80829 | 719.685.2285

Pre-Purchase Inspections

Structural Inspections, Repair Design, and Water Ingress Investigations

Cost Segregation Studies

Construction Monitoring

SAY HELLO TO OUR NEWEST LENDER! Shannon Scott has been a lender in Colorado Springs for 25 years. Peoples is very proud to have her as a part of their local team. With three in house underwriters and an experienced support staff, give her a call to see the Peoples difference. Shannon Scott

548-5182

5175 N. Academy Blvd • Colorado Springs • CO • 80918

New Home Star's White Linen Affair


Local News

ALL PHASES OF ROOFING & GUTTERS

(719) 778-4459Call for estimates:

FAX: (719) 543-4320

2907 Acero Ave. Pueblo CO 81004

You select—we do the rest!•We print, address, stuff, stamp, mail!•

Incredibly Easy!

(719) [email protected]

Call or email today!

Mail-outs and Closing Gifts with a click of the mouse!

As seen at the

Colorado Association of REALTORS®

2009 Convention

Campbell Homes Sponsors NAHREP's Home Tour & LuncheonJune 16, 2010

Right: Roxanne Nice and Fred Heedt with Campbell Homes.

Left: April Salladay of Legacy Title and Herminio Maldonado Jr. with Wells Fargo.

ERA Franchise Systems LLC, a global fran-chising leader in the residential real estate industry, today announced it has entered the Denver market and continued its domestic franchise growth in Colorado and Florida. The Herman Group, a leading real estate brokerage firm with more than 1,000 real estate profes-sionals operating primarily in Denver, Colo-rado Springs and South Florida, has joined the ERA® global network. The firm will now operate as ERA Herman Group Real Estate. This addition gives ERA Real Estate signifi-cant presence in Colorado Springs and other key markets including Denver, a new market for the growing network. It is a major step in the strategy for dynamic growth put in place by ERA Franchise Systems LLC president and chief executive officer, Charlie Young.

“It is tremendously exciting for us to be able to enter the Denver market with a busi-ness leader and a company that are as well re-spected as Roger Herman and his firm,” said Young. “ERA Herman Group Real Estate de-livers a powerful combination of innovative spirit, forward-thinking approach and market presence. It is an example of the kind of com-pany we have and will continue to attract as we grow our network. Our vision for the fu-ture is one of leadership and innovation and ERA Herman Group Real Estate is a great fit for the brand. Plus, this new affiliation will in-

crease our already strong presence in Colora-do Springs rooted in our successful, long-time affiliation with ERA Shields Real Estate and CEO/Owner Bill Hurt.”

The Herman Group is an independent, full-service real estate firm serving buyers and sell-ers in Colorado, where it was established in 2004, and in South Florida. With closed sales volume in 2008 of $730 million, an average sales price of $242,000, and over 3,000 closed sides, The Herman Group was ranked No. 121 in the 2009 Real Trends 500. Its founder, Rog-er Herman, has over 20 years of experience in all aspects of residential and commercial real estate including mortgage, title, relocation, short sales and REO properties. After years of record sales in residential real estate, Mr. Her-man put his entrepreneurial skills to work to build a company from the ground up.

“Real estate is my passion. To become part of ERA Real Estate really stokes the fire,” said Roger Herman, principal broker of ERA Her-man Group Real Estate. “Despite some of the recent challenges in the industry, we still see sig-nificant long-term growth opportunities based on innovation and new technologies. ERA Real Estate, under Charlie Young’s leadership, shares that vision. Joining a network with top pros like Bill Hurt and ERA Shields Real Estate in Colo-rado Springs can only help my team be more successful.”

The Herman Group joins ERA Real Estate Network

Saint Aubyn Homes featured in Gazette article

Realtors, others raise money for drug prevention program

Women’s Council of Realtors, along with the Pikes Peak Asso-ciation of Realtors, Community Relations, and Challenger Homes have joined together to raise mon-ey for a worthy cause.

The Colorado Springs Police Department, Project Alert Drug Prevention program is a highly successful program that is in jeop-ardy of a severe fund reduction due to the recent budget cuts of the city and School Districts. In past years the children that complete

the program have been awarded with a Project Alert T-Shirt. Un-less other funds are secured to purchase these T-Shirts, the chil-dren will be forced to go without this meaningful reward.

We have raised enough money to deliver 1600 T-shirts. We deliv-ered 200 of these t-shirts to Mann Middle School on Tuesday, May 26th. Other schools in the city will receive the other 1400 shirts at their graduations.

In a recent Gazette article about area home builders, Saint Aubyn Homes was mentioned for it's ever-growing market share. This year, the company has nearly 11 percent share of the new-home market. A decent statatstic consdidering their 2009 creation.

Jared Saint Aubyn, the company's creator, mentions the importance of competition in the article. “Just like anything else, the more people (builders) that are in, the greater competition there is. It forces everybody else to just sharp-en up their game. Every builder does different things better than others. The buyer really, in this market, can pick exactly what they want.”


On the Move

Cheri WillRE/MAX Advantage

RE/MAX Advantage is pleased to wel-come Cheri Will. Another experienced real estate Broker joins the team at RMA. Cheri enjoys assisting all of her past and future cli-ents with all of their real estate needs in the Pikes Peak Area. She knows it is important to manage the details of a real estate transaction from start to finish and believes that for many of her clients the marketing of their property or the purchasing of property will be one of their most significant financial events in their lives. Will takes pride in being a good commu-nicator and uses her excellent follow up skills to always keep her clients informed.

Debi MainMcGinnis GMAC Real Estate

Debi Main with McGinnis GMAC Real Estate has earned the nationally recognized Short Sales and Foreclosure Resource certi-fication. The National Association of REAL-TORS® offers the SFR certification to Real-tors who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with dis-tressed sales grows.

Teri MaynezKeller Williams Partners Realty

Keller Williams Partners Realty is pleased to annouce that Ratri (Teri) Maynez has joined our growing office. Teri has lived in the Colorado Springs area on and off for over 25 years. She is highly experienced in Property Management and started her Real Estate ca-reer in 1998.

Dave DickeyKeller Williams Partners Realty

Keller Williams Partners Realty is pleased to announce that Dave Dickey has joined our company. Dave was self employed in the Construction industry in Indiana for 30 years. Having the Construction experience he has, he has much to offer the Real Estate business. He enjoys associations with buyers and sellers no matter what the size of the property.

Kelle DonhamKeller Williams Partners Realty

Keller Williams Partners Realty would like to welcome Kelle Donham to our office. Kelle has been in Real Estate for over 20 years and has lived in Colorado for most of her life. In addition to her Real Estate license, Kelle holds a Bachelor's degree in Business, emphasis in

marketing and economics. Kelle specializes in bank negotiations, short sales, foreclosures and relocations.

Josey KahoiKeller Williams Partners Realty

Keller Williams Partners Realty is pleased to announce an addition to our family. Jo-sephine ( Josey) Kahoi has been in the Real Estate business for 13 years. She has been a Colorado resident for three years and is a Graduate of the Charis Bible College.

Bonnie HamacherKeller Williams Partners Realty

Keller Williams Partners Realty is pleased to announce that Bonnie Hamacher has joined our family. Bonnie has lived in Colora-do all of her life and has been licensed for over 20 years. She also worked in the Title industry as an Escrow Closer. Bonnie has experience in new construction as well as existing home sales. She enjoys working with the deaf com-munity and knows American Sign Language as her brother attended the Colorado Springs School for the Deaf and Blind. She has the knowledge to get it done.

Erica SadowskiKeller Williams Partners Realty

Keller Williams Partners Realty is proud to announce that Erica Sadowski has joined our family. Erica is new to the Real Estate business and is very excited about starting her career. Welcome Erica!

Tucker WannamakerLegacy Title

Legacy Title is proud to announce the ad-dition of Tucker to our sales team. Tucker has a great deal of knowledge when it comes to social media and short sales. He specializes in helping Realtors get the most out of social me-dia to help grow their business. Want to know more? Google him!

New Additions toERA Herman Group Real Estate

We are pleased to announce that Stephen Horch, an experienced REALTOR, has joined the ERA Herman Group Real Estate team. He specializes in residential property in the greater Colorado Springs area. Stephen’s ex-perience has allowed him to develop a great knowledge of our real estate market. Regard-less if the property is large or if it is small, he gives each client her undivided attention.

ERA Herman Group Real Estate is excited to announce another experienced real estate

broker has joined its family of REALTORS. Terrence Anderson is a veteran of real estate sales. He is very knowledgeable in pricing properties to get the quickest transaction, at the highest price with the lowest amount of inconvenience. Mr. Anderson also works very closely with mortgage professionals to help him buyers find the right program for their needs. Terrence knows that one size does not fit all. Real Estate is a very personal transac-tion.

Angie Parker, Vice President of Southern Colorado recently shared with the ERA Her-man Group team the addition of another bro-ker to their fast growing organization. Brenda Kelso is an experienced broker. Mrs. Kelso has chosen to live in Colorado Springs because of the great quality of life. She enjoys the active Colorado life style. Brenda enjoys working in real estate. Regardless if she is working with a buyer or a property owner, Brenda works to make sure that the real estate transaction is as smooth as possible. She is always paying atten-tion to the many details of real estate transac-tions..

We are pleased to announce that Jermaine Butlere a REALTOR, has joined the ERA Herman Group Real Estate team. He special-izes in residential property in the greater Colo-rado Springs area. Jermaine’s experience has allowed him to develop a great knowledge of our real estate market. Regardless if the prop-erty is large or if it is small, he gives each client her undivided attention.

ERA Herman Group Real Estate is excited to announce another real estate broker has joined its family of REALTORS. Alexander Tzenvo is a veteran of real estate sales. He is very knowledgeable in pricing properties to get the quickest transaction, at the highest price with the lowest amount of inconvenience. Mr. Tzenvo also works very closely with mortgage professionals to help him buyers find the right program for their needs. Alexander knows that one size does not fit all. Real Estate is a very personal transaction.

Angie Parker, Vice President of Southern Colorado recently shared with the ERA Her-man Group team the addition of another bro-ker to their fast growing organization. Paul Jimenez is an experienced broker. Mr. Jimenez has chosen to live in Colorado Springs because of the great quality of life. He enjoys the active Colorado life style. Paul enjoys working in real estate. Regardless if he is working with a buyer or a property owner, Paul works to make sure that the real estate transaction is as smooth as possible. He is always paying attention to the many details of real estate transactions.

We are pleased to announce that Ron Gia-done an experienced REALTOR, has joined the ERA Herman Group Real Estate team. He specializes in residential property in the great-er Pueblo area. Ron’s experience has allowed him to develop a great knowledge of our real estate market. Regardless if the property is large or if it is small, he gives each client her undivided attention.

ERA Herman Group Real Estate is excited to announce another real estate broker has joined its family of REALTORS. Chris Pi-sciotta is a veteran of real estate sales. He is very knowledgeable in pricing properties to get the

quickest transaction, at the highest price with the lowest amount of inconvenience. Mr. Pi-sciotta also works very closely with mortgage professionals to help him buyers find the right program for their needs. Chris knows that one size does not fit all. Real Estate is a very per-sonal transaction.

Angie Parker, Vice President of Southern Colorado recently shared with the ERA Her-man Group team the addition of another expirenced broker to their fast growing orga-nization. Deena Minyard is an experienced broker. Ms. Minyard has chosen to live in Col-orado Springs because of the great quality of life. She enjoys the active Colorado life style. Deena enjoys working in real estate. Regard-less if she is working with a buyer or a property owner, Deena works to make sure that the real estate transaction is as smooth as possible. She is always paying attention to the many details of real estate transactions.

Kem WinternitzUnited Country Timberline Realty

Kem Winternitz, ALC has accepted the position of managing broker at United Country Timberline Realty, Inc. A fourth generation native of the Pikes Peak region, she was licensed in February 1992 receiving a Rookie of the Year Award and the PPAR Distinguished Sales Club Bronze Award. She moved to Teller County in 1995 and joined the Timberline team in December 1996. She remained there after Timberline franchised with United Country in 1998, winning several awards including the Pinnacle Silver Award 2005. She has been among United Countrys top-ranking listing and selling agents across the United States, including 37th in the nation in 2005.Kem has been a member of Realtor Land Institute for over 10 years and earned the prestigious Accredited Land Consultant designation. The ALC designation denotes excellence in the areas of vacant land market-ing/ development. She is looking forward to working with the newly reorganized United Country Timberline team.

Donny CoramRE/MAX Advantage

RE/MAX Advantage is pleased to wel-come another experienced agent to their team. Donny Coram has recently joined the office. Donny specializes in working with real estate investors and also shares the benefit of this experience with all buyers and sellers in the Pikes Peak Area. He enjoys working with a wide variety of clients. First time buyers or experienced purchasers will benefit from Donny's professional efforts and knowledge. Donny takes great pride in providing property owners with comprehensive marketing plans that will insure total exposure for their prop-erty. Regardless if you are a Colorado Springs native or relocating to our area you will appre-ciate Coram's professionalism and commit-ment to outstanding service.


Local Expert

legacy l title l group group group Empowering Our Associates To Make A Difference

(719) 442-1900LegacyTitle-LLC.com2 North Cascade, Suite 215

Great Tools for Realtors®

Postcard/Flyer Design & Printing• Great Lead Sources/FARM Lists• Property Profi le Books•

BIGGER DOESN’T MEANSTRONGER. www.adamsmortgage.com

Elizabeth Elmer264-4399

LMB# 100030062

Matt Shtatman930-5434

LMB# 100011277

Dana Hines955-3670

LMB# 100030255

Harry Venik338-3879

LMB# 100030058

Brent Mrofcza955-3677

LMB# 100022467

1155 Kelly Johnson Blvd. Suite 480 Colorado Springs, CO. 80920

719-593-8778Fax: 719-593-2280

Local UnderwritingFHA/VA Loans

Superior Service

KnowledgeProfessionalism

Enthusiasm

By Jon PaukovichEnt—

Due to the slowdown of the housing and financial markets the last few years, more and more homebuyers are finding they cannot put as much money down on a home. Putting less than 20 per-cent down means that mortgage insurance – a financial guaranty that helps protect the lender from losses due to loan default - will be required.

Mortgage insurance protects the lender, but it also allows them to offer more loan options, higher loan amounts, competitive inter-est rates and more flexible under-writing criteria. Mortgage insurance also offers several benefits to homebuyers as well. Buyers with mortgage insurance can enjoy increased buying power, broadened cash-flow options and the ability to get into a home years earlier.

For example, if a buyer with $15,000 saved up goes with mortgage insurance, they could choose to put 10

percent down on a $150,000 home or even 5 percent down on a $300,000 home instead of having to put 20 percent down and be limited to a $75,000 home. By be-ing able to put less money down, the homebuyer can use some of their down payment funds elsewhere – perhaps for home-related purchases, repairs or investments.

Conventional mortgage insurance used to dominate with 77 percent of the market share, but now it has dropped to around 12 percent due to stricter guidelines the mortgage insurance companies put in place to avoid large losses due to the drop in home prices.

To counter this drop in market share, private mort-gage insurance companies (PMI) are starting to loosen guidelines to remain competitive. PMI can be a good option for borrowers for a couple reasons:• Itcanbetaxdeductible;• And,therearemultipleoptionsforapplyingit

such as a single, split or monthly premiums – whatever works best with a borrower’s budget.

One thing to keep in mind is that mortgage insur-ance isn’t a permanent expense; it can be dropped once certain parameters are met. Once the loan balance has reached 78 percent of the original value, PMI is auto-matically cancelled. Also, after two years in the loan, the

borrower can request to remove PMI if their mortgage payments are current and the equity in the property is 20 percent. Typically, the borrower is required to pay for an appraisal to determine the value and some other qualifications may apply.

If mortgage insurance isn’t appealing to your borrower, Veterans Administration (VA) loans are a great option for those who qualify. VA loans allow for smaller down pay-ments and even offer up to 100 percent financing.

Homebuyers today have many options to consider and several loan details – like mortgage insurance – to understand. The key is to partner with a knowledgeable lender who is equipped to handle any and all questions about the mortgage process, and one that’s able to offer your homebuyer a full suite of mortgage products. From selecting a loan product to the intricate loan details, a good lender will be able to clearly explain the options and help select the best solution for them. Let your lend-er work for you and your client. They can take the guess work out of the home financing experience.

Mr. Paukovich oversees the direction and management of mortgage lending, including loan servicing, at Ent Federal Credit Union. He can be reached at [email protected]

Mortgage Insurance 101

HBA/PAC Golf TournamentJune 7, 2010

Above: Jon Paukovich, Ent Federal Credit Union, holed out for eagle from 143 at the Kissing Camels Golf Club at Garden of the Gods June 7 during the HBA tourney.


JUNEWednesday, June 30Wolf Ranch Concert at Gateway Park6:00pm – 8:00pm @ Gateway ParkBand: Redraw The FarmRain date: Thursday July 1

JULYThursday, July 1B.L.E.E.P. (Black Forest & Eastern Marketing Group)8:30am – 10:00amThe Grill at Latigo Trail Equestrian CenterRoxene, 495-6213

Friday, July 2Pikes Peak Exchangers8:00am – 9:30amValley Hi Golf Course RestaurantJohnny Revious, 719-527-8838

Tuesday, July 6SMC Social Hour4:00pm – 5:00pm @ [email protected] 719-592-1800

Wednesday, July 7REALTAC8:00am – 9:30am @ PPARHolly Skelton at 719-593-1000

Annual Commission Update Course8:30am – 12:30pm @ Empire Title719-884-5300 [email protected]

Wet Wednesday Class (Check cshba.com)11:30am – 1:00pm @ [email protected]

Thursday, July 8Farm and Land8:00am – 9:30amMaggie Mae's RestaurantJim Crossey, 719-579-0404

Social Media 1019:00am – 11:00am @ Empire Title719-884-5300 [email protected]

Women's Council of Realtors11:30am – 1:30pmEmbassy Suites HotelRenate Carrier, 888-313-5928


Wednesday, July 14Smoke and Odor Damage Mitigation9:00am – 12:00pm @ Empire Title719-884-5300 [email protected]


Wolf Ranch Concert at Gateway Park6:00pm – 8:00pm @ Gateway ParkBand: Swing Connection

Thursday, July 15Colorado Springs Networking Group8:00am – 9:30amColorado Springs Country ClubRuthie, 719.492.3998

VA Training for the Real Estate Agent9:00am – 1:00pm @ Empire Title719-884-5300 [email protected]

Selling New Homes10:00am – 12:00pm @ Empire Title719-884-5300 [email protected]


Saturday, July 17HBA Poker Run/Rally Ride8:00am – 3:[email protected] 719-592-1800

Classic Homes Pet Fair at Wolf Ranch10:00am – 2:00pm @ Wolf [email protected]

First Time Home Buyers10:00am – 12:00pm @ Ent (Galley)Ent.com/Seminars | 719-550-6670

Wednesday, July 21Hard Hat Tour - Meridian Ranch Luau9:00am – 12:045m @ Empire Title719-884-5300 [email protected]


Wolf Ranch Concert at Gateway Park6:00pm – 8:00pm @ Gateway ParkBand: Brad Bietry Group

Thursday, July 22Farm and Land8:00am – 9:30amMaggie Mae's RestaurantJim Crossey, 719-579-0404

The Estimator™10:00am – 12:00pm @ Empire Title719-884-5300 [email protected]

Reverse Mortgage1:00pm – 3:00pm @ Empire Title719-884-5300 [email protected]


Wednesday, July 28Wet Wednesday Class (Check cshba.com)11:30am – 1:00pm @ [email protected]

Wolf Ranch Concert at Gateway Park6:00pm – 8:00pm @ Gateway ParkBand: Ceol Ceili


Around the Corner

turn

call

for details

friends

rachelle

719.205.1299

cash!your

into

Building a whole new perspective.

Soaring Eagles - TownhomesFrom the $140sHomes Ready Now!

2-3 BedroomsHardwood & Tile FloorsAC in All HomesFenced, Private Yards2 Car Garages w/Opener

719.352.9998

Lorson Ranch - Single FamilyFrom the $190sHomes Ready Now!

3-5 BedroomsHardwood & Tile Floors3 Car Tandem Garage*5 Piece Master Bath*42" CabinetsFinished Basement*

719.440.0830

Meridian Ranch* - Single FamilyFrom the low $200sHomes Ready Now!

5% co-op

3-6 Bedrooms3-4 Car GaragesGranite Counters Hardwood & Tile Floors

719.304.4919

Forest Meadows - Single FamilyFrom the low $200s3-6 Bedrooms3-4 Car GaragesHardwood & Tile Floors

719.304.4919

1)

2)

3)

4)25

85

87

Fort Carson

S Powers Blvd

Woodmen Rd Mer

idia

n Rd

Powers

Powers

Drennan

Hancock Expy

S Academ

y

Fontain Blvd

Markshe�el Rd

Markshe�el Rd

21

Mesa Ridge Pkwy

1

3

4

2

24

Blac

k Fo

rest

4% Commission on Sales Price.

We appreciate our local Realtors.

Homes Ready Now!

3543 Bay Owl Gr.

$149,195Andor Plan: 2 Bedrooms, 2.5 Baths, AC, 2 Car Garage, Private Courtyard.

Soaring Eagles (1)

5117 Hawks Crest Pt.

$166,195Griffin Plan: 3 Bedrooms, 2.5 Baths, AC, Fireplace, 2 Car Garage, Private Courtyard.

Soaring Eagles (1)

10497 Mt. Evans Dr.

$235,995The Rocky: 3 Bed w/Loft, Main Level Master, Full Unfinished Basement, 3 Car Garage.

Meridian Ranch (3)

7123 Red Cardinal Loop

$195,995The Hallberg: 2-Story, 3 Bedrooms, 2.5 Baths, Kitchen Island, 2 Car Garage.

Forest Meadows (4)

* Varies by plan. See builder for details.

Colorado Springs Real Estate Journal

Documents

Transcript of Colorado Springs Real Estate Journal