By Katherine Tarbox, Senior Editor, REALTOR® Magazine
2011 NAR President Ron Phipps (left) with 2011 Colorado Association of REALTORS® President Randy Reynolds, who stopped in for the Denver leg of the Home Ownership Matters Bus Tour
REALTORS® need to be proactive about lobbying on the local and state level, 2011 NAR President Ron Phipps told a packed audience in Denver today. Phipps spoke a town-hall meeting in the city, which was part of NAR’s cross-country Home Ownership Matters Bus Tour.
“All real estate is local, and it’s time we get more involved in policy on a local level,” he said.
Phipps addressed questions and comments from members on everything from GSE reform to the Realtors Property Resource™. “It’s frustrating when deals fall through because of financing,” said Sally Blinn, broker/associate with AJAX Real Estate in Thornton, Colo. Phipps advised that real estate professionals need to get strategic about their deals. “If your buyer can’t find a loan with one of the big four banks, find a local one. It’s your job to help them to get into the house.”
At the same time, Phipps underscored NAR’s efforts to urge the big banks to ease the strict guidelines they’ve created since the financial collapse. “Buyers need a credit score today of 760, whereas before 720 was considered good enough. People need to understand that their FICO score might be more important than their SAT score.”
Phipps also discussed NAR’s latest public awareness campaign, which focuses on common-sense messaging that home ownership is a wise investment because it creates safer neighborhoods, better-educated children, and better neighbors. This campaign includes an ad starring actor Ed Harris (“Apollo 13,” “Beautiful Mind”) that explains how the housing market can create the jobs that America needs for an economic recovery.
The bus tour will be throwing a party Saturday for home owners at the entrance to the Denver Home Show; the event will offer attendees a chance to win one of a dozen Lowe’s gift cards. Just follow the music and the crowd to Humboldt Street, and show America that home ownership matters in Denver. Hope to see you there!