The new FHA loan limits have been announced for Colorado.  Colorado Springs was a winner.  The new limit for single family homes is $325,000.  
The new limits should bring more buyers into the marketplace and help increase the already strong 2008 sales. 

You can see the most of Colorado below:

MSA Name			County Name		State	One-Family	Two-Family	Three-Family	Four-Family	Last Revised
DENVER-AURORA, CO (MSA)			ADAMS		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			ALAMOSA		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
DENVER-AURORA, CO (MSA)			ARAPAHOE		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			ARCHULETA		CO	$317,500	$406,450	$491,300	$610,550	03/05/2008
NON-METRO			BACA		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			BENT		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
BOULDER, CO (MSA)			BOULDER		CO	$460,000	$588,850	$711,800	$884,600	03/05/2008
DENVER-AURORA, CO (MSA)			BROOMFIELD		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			CHAFFEE		CO	$280,000	$358,450	$433,250	$538,450	03/05/2008
NON-METRO			CHEYENNE		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
DENVER-AURORA, CO (MSA)			CLEAR CREEK		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			CONEJOS		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			COSTILLA		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			CROWLEY		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			CUSTER		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			DELTA		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
DENVER-AURORA, CO (MSA)			DENVER		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			DOLORES		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
DENVER-AURORA, CO (MSA)			DOUGLAS		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
EDWARDS, CO (MICRO)			EAGLE		CO	$729,750	$934,200	$1,129,250	$1,403,400	03/05/2008
COLORADO SPRINGS, CO (MSA)			EL PASO		CO	$325,000	$416,050	$502,900	$625,000	03/05/2008
DENVER-AURORA, CO (MSA)			ELBERT		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
CANON CITY, CO (MICRO)			FREMONT		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			GARFIELD		CO	$425,000	$544,050	$657,650	$817,300	03/05/2008
DENVER-AURORA, CO (MSA)			GILPIN		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			GRAND		CO	$356,250	$456,050	$551,250	$685,100	03/05/2008
NON-METRO			GUNNISON		CO	$350,000	$448,050	$541,600	$673,050	03/05/2008
NON-METRO			HINSDALE		CO	$557,500	$713,700	$862,700	$1,072,150	03/05/2008
NON-METRO			HUERFANO		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			JACKSON		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
DENVER-AURORA, CO (MSA)			JEFFERSON		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			KIOWA		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			KIT CARSON		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
DURANGO, CO (MICRO)			LA PLATA		CO	$443,750	$568,050	$686,650	$853,350	03/05/2008
EDWARDS, CO (MICRO)			LAKE		CO	$729,750	$934,200	$1,129,250	$1,403,400	03/05/2008
FORT COLLINS-LOVELAND, CO (MSA)			LARIMER		CO	$312,500	$400,050	$483,550	$600,950	03/05/2008
NON-METRO			LAS ANIMAS		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			LINCOLN		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
STERLING, CO (MICRO)			LOGAN		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
GRAND JUNCTION, CO (MSA)			MESA		CO	$371,250	$475,250	$574,500	$713,950	03/05/2008
NON-METRO			MINERAL		CO	$300,000	$384,050	$464,200	$576,900	03/05/2008
NON-METRO			MOFFAT		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			MONTEZUMA		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
MONTROSE, CO (MICRO)			MONTROSE		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
FORT MORGAN, CO (MICRO)			MORGAN		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			OTERO		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			OURAY		CO	$482,500	$617,700	$746,650	$927,900	03/05/2008
DENVER-AURORA, CO (MSA)			PARK		CO	$406,250	$520,050	$628,650	$781,250	03/05/2008
NON-METRO			PHILLIPS		CO	$271,050	$347,000	$419,400	$521,250	03/05/2008
NON-METRO			PITKIN		CO	$729,750	$934,200	$1,129,250	$1,403,400	03/05/2008

"It's supposed to be hard. If it wasn't hard, everyone would be doing it. Hard is what makes it great."

~Tom Hanks in A League of their Own

 

Chef Realtor…

 

Being a great Realtor is like being a great chef.  It takes time, patience and the right ingredients. 

 

If you have eaten at a really good restaurant you will know what I mean.  Thankfully I have had that opportunity here in Colorado Springs because of the Broadmoor Hotel and Resort.
 

The chefs at the finer restaurants know how to mix up the ingredients.    Same with a great Realtor only the ingredients are different.  In real estate the ingredients usually consist of the following:

 

1 house

1 cooperating broker

1 or more buyer(s)

1 or more seller(s)

1 home inspector

1 lender

1 loan officer

1 underwriter

1 appraiser

2 or more government employees to guarantee the loan (optional)

 

 

It is the mixing of the ingredients and the order that they are added that determines how well the recipe will turn out.  It used to be in the heat of the market that anyone with a pulse could sell real estate just like many who work in cafes consider themselves chefs. Not to take away from any of them but it takes creativity, passion, and experience to make a great chef (or Realtor).  It also requires someone who can put the ingredients together in the right order and right amounts.  

When you need a Realtor make sure that they have the experience and creativity to make the recipe turn out.  It will be well worth it in the long run.