Austin Real Estate Scene

On March 5, 2007, Catellus will announce the first homebuilders for Mueller!

Ready to buy a home at Mueller this year? Let us know by registering to join the Mueller Pioneer program. Mueller Pioneers will be the first families to help make the Mueller vision a reality and will lay the foundation for the award-winning, mixed-use community. Registrations will be accepted beginning March 5 through April 30, 2007. Interest in living at Mueller is high, so we’ve developed the Mueller Pioneer program in an effort to ensure a fair, equitable and hassle-free process.

The Mueller team is almost ready to start building the community’s first yard, row, and garden court homes, which will be ready for move-in by late 2007/early 2008, and we want to share with you the registration process before it begins. This first residential section includes more than 340 of the nearly 2,200 for-sale homes in the much-anticipated mixed-use urban village in the heart of Austin.
                                                                                  
Steps to Becoming a Mueller Pioneer:

1. Between Monday, March 5 and Monday, April 30, 2007, complete our registration form, which will be available at www.MuellerAustin.com or at Mueller Central, 4550 Mueller Blvd. (703-9220). We’ll need to know which home type from which builder you’re looking to buy. (Please note: there is no existing “waiting list” of Mueller homebuyers.) Applicants may only select one home type and one builder. Due to anticipated high demand, families that register for more than one builder will be disqualified from the Pioneer program.
2. Obtain a pre-qualification letter from the builder’s preferred lender. Contact information will be available at www.MuellerAustin.com or at Mueller Central beginning March 5 through April 30. Obtaining the pre-qualification letter requires a $50 nonrefundable payment to its preferred lender. Please note: while you must obtain a pre-qualification letter from the builder’s lender, you can use any lender of your choice to obtain your financing.
3. If you’re interested in buying an affordable home, a home that is designated specifically for families with lower-than-median income, the registration form is the same, but the pre-qualification will also include income certification from the homebuilder’s preferred lender and, if you need it, consultation with our credit counselors.

Builders will be announced and plans will be made public on Monday, March 5. Your complete Mueller Pioneer package must be postmarked by Monday, April 30, 2007.

Process After Registrations Submitted:

1. Catellus will build the list of prospective Pioneers for each builder and style of home. We’ll use a randomizing process, overseen by a third party, to assign priority numbers to each Pioneer registration.
2. Each Mueller builder will then work directly, in order, with each prospective Pioneer to complete home sales. Catellus will not sell Mueller homes directly.

What if my selected builder sells all of its lots before getting to me? Mueller Pioneers unable to purchase their preferred home from the selected builder can advance (and keep their place in line) to the next phase of Mueller housing, assuming that builder is selected by Catellus to build homes in the next residential section. Or you can seek to purchase a different Mueller home plan from another builder selected by Catellus for the next section; but you will not retain your priority status.

More information will be made available
Monday, March 5
when Catellus announces
the homebuilders for the first residential phase.

Stay tuned.

Dates subject to change without notice; visit www.MuellerAustin.com or the Mueller Central information center after March 5th for all updates. Catellus will make every effort to keep registrants apprised of program changes and the number of registrants per home product. Catellus and its partners will promote equal opportunity and will not discriminate based on any of the classes protected by federal, state or local fair housing laws.