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Why do you live in the Lubbock area? What do you like most about it? My husband is a farmer so we are here to stay, but I wouldn’t want to live anywhere else. The people of West Texas are the best, and for me, I love the wide open spaces. What do you enjoy doing when you’re not working? I love to work in my yard or read a good book, but my favorite thing to do is spend time with my grandchildren. Grandbaby number 6 will arrive in November! They are my greatest blessings!
CRS, GRI, ABR
How long have you worked in real estate? I got my real estate license in 1998 and began actively selling in 2001, but I feel like I have been in real estate all my life. My dad is a broker and even though he didn’t sell real estate for a living, he was always buying and selling his own properties. After I got in the business, he became my
BEST!
ing and most challenging aspects of what you do? Real estate is absolutely challenging but also very gratifying. It is the biggest investment decision that most people make and I certainly take that seriously. It is a blessing to be involved in helping people see their dream of home ownership become a reality.
What did you do before that? Before real estate, I worked in insurance and handled crop insurance as well as homeowner and auto policies. Before that I was the Membership Associate for the Texas and National Grain Sorghum Association. I got to meet farmers from all across the nation and was in charge of the yield contest each year. It also gave me some exposure to our state and national congressmen, which was really special.
What is your specialty? My specialty is residential sales, but I have done a little bit of everything including new construction, farm land, and even some commercial properties.
at its
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number one investor. I am so thankful for the opportunity to have worked with him over the past 11 years and for all that he has taught me!
Why should someone choose you as their real estate agent? I enjoy helping people and I believe in going the extra mile. I am committed to offering excellent service while helping my clients meet their goals and expectations.
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RE/MAX LUBBOCK 806-239-7256 nanriley@remaxlubbock.com Where did you grow up? I grew up just north of Lubbock in Abernathy, where you can enjoy the best of both worlds – friendly small town but convenient to the big city and all that it offers.
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Realtor Revealed Nan Riley
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What is the most unique property you’ve listed or sold? The most unique property that I have listed and sold would have to be a beautiful hundred-year-old 2-story home that was said to be haunted. I happened to locate an article about the home when I listed it. The article was written by a previous owner who had been the one to completely refurbish the home. That owner seemed to love promoting stories about a ghost and blaming everything on the ghost.
Nan Riley, RE/MAX LUBBOCK
What designations do you have and what does that mean for the people you work with? The designations that I have earned include: Certified Residential Specialist, Graduate of the Real Estate Institute, and Accredited
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Buyers Representative. In order to provide the best service to my clients, it is so important for me to continue to gain knowledge and education in this ever-changing market. What are the most gratify-
What tips do you have for someone looking to buy or sell a home? When selling your home, the first impression is so important. I promise that it will come back in a huge way if you do all the extra little things to make your home move-in ready. My advice to buyers is be patient and let your Realtor help you. After all, you get their service and expertise at no cost to you!
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Going green on your remodel? Add tile to your green remodeling product list (ARA) – Are you planning an upcoming remodel for your home? Going green and using sustainable building materials continues to be a top trend in home improvement. Remodeling green isn’t just about using products with recycled content, it’s also about using superior products that will stand the test of time and reduce energy costs. You can choose from a number of options when remodeling green, including modern energy-efficient appliances and low-VOC paints. Traditional products can also be environmentally friendly. For example, many homeowners choosing to go green are selecting ceramic tile for a variety of reasons. Ceramic tile is inherently a sustainable product. It’s a great choice because it lasts up to four times longer than carpet and wood flooring. It never needs to be refinished
like wood floors do, contributing to a low lifecycle cost. To clean, all you have to use is hot water which means no harsh chemicals are flushed into the ecosystem. Tile also doesn’t release fumes or fibers into the air like carpet can. Many people dislike carpet because it houses microbes and other germs, and dirt can become deeply embedded, requiring a costly cleaning by a professional. Tile eliminates these issues entirely. Getting all the great eco-friendly qualities of tile doesn’t mean a sacrifice of good design. Tile of Spain manufacturers offer stunning options in any size, format, texture, color and pattern. From modern, sleek designs to ornate, classic patterns, visit www. spaintiles.info to find tile that will perfectly suit your design personality. Emerging technology has eliminated some of the con-
There are new options in large format tile which can lessen the number of joints. To clean, all you have to use is hot water – no grout lines!
cerns people tend to have when it comes to tile. Adding new tile used to be a daunting task. Tearing out old layers and disposing of them is messy and timeconsuming. New slim tiles are only 3 to 6 millimeters thick and thin enough to be applied over existing tile, offering a new look to walls and floors with less hassle, and saving construction waste from the landfill. Tile no longer has to be cold. It’s an ideal product to use in raised flooring and radiant heating. In fact, technological advances now allow for the tile to work in tandem with a home’s HVAC system. High-tech tiles adopt the temperature of the room and once past a certain temperature use nano energy storage cells to absorb thermal energy and then slowly release it back into the room. This technology alone can save the average home more than 16 percent in electricity bills. Dry setting tile is now an option for home remodelers as well. Tile can be applied without mortar or grout, which means if you move, you can take the tile with you. Or you can change it in a few years without a lot of work. If you don’t like the appearance of grout lines and worry about keeping these areas clean, there are new options in large format tile which can lessen the number of joints. Additionally, rectification of tile, a process where the edges of the tile are shaved off for perfect calibration, makes it possible to get a very tight “credit card” joint that
Realtors® report increase in commercial transactions, income WASHINGTON – Realtors® specializing in commercial real estate reported an increase in transactions in 2011, as well as a rise in their median gross annual income, according to the 2012 National Association of Realtors® Commercial Member Profile. The study’s results represent Realtors who practice commercial real estate; these NAR members conduct all or part of their activity in commercial sales, leasing, brokerage and development for land, office and industrial space, multifamily and retail buildings, as well as property management. The survey shows that despite a challenging market, commercial members completed a median of seven transactions in 2011, up from 2009 and 2010 when the typical agent had five transactions. In addition, the median gross annual income of commercial members has increased for the past two years. The survey showed that the median gross annual income for 2011 was $86,000, up almost $10,000 from the previous year. “The commercial real estate market still has a long way to go before full recovery, yet Realtors are reporting positive trends that give us hope that the market is on its way to becoming healthy again,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “Realtors who practice commercial real estate help build communities by facilitating investment and promoting the sale and lease of commercial space, which supports millions of jobs nationwide. They are hopeful that the market will strengthen and their business will help spur the nation’s economic recovery.” According to the survey, the median sales transaction volume in 2011 including those members without
transactions was $1,058,300. When those members who had no transactions were excluded, the median transaction volume was $2,010,500. Brokers typically had higher sales transaction volumes than agents, and 22 percent of commercial members had no transactions with sales volume. The median dollar value of sales transactions was $414,300 and the median square footage was 9,600. In both instances, brokers typically had higher median dollar value of sales transactions, as well as sold larger spaces when compared to sales agents. The median lease transaction volume when including those with no transactions was $93,100; when excluding those members with no transactions it was $402,100. Thirty-four percent of commercial members reported having no lease transactions. The median leasing dollar value was $144,800 and a leasing transaction was typically 4,100 square feet. The typical commercial member has been involved in real estate for 24 years, and has been engaged in commercial real estate and been a member of NAR for 15 years. In addition to NAR’s membership, many are also affiliated with one of several commercial organizations including the CCIM Institute, the Institute of Real Estate Management, the Society of Industrial and Office Realtors®, the Realtors® Land Institute and the Counselors of Real Estate. Fiftyeight percent of commercial members reported having a broker license. An additional 28 percent reported having a sales agent license. Investment sales is the most-cited primary specialty of commercial members and is also the top-ranked secondary specialty area. A large majority of commercial members work
at least 40 hours a week. More than half reported they spend 75-100 percent of their time on commercial real estate activity. Sixtyfour percent derived 50 percent or more of their income from commercial real estate activity in 2011. When comparing sales activity versus lease activity, the differences in income become more apparent. Thirty-three percent of commercial members did not derive any income from commercial real estate leasing in 2011. The typical commercial member is married, has a college education, is 57 years old and is male. This year, 24 percent of respondents identify themselves as female. Thirty-six percent of commercial members have a bachelor’s degree, while 18 percent have earned a graduate degree. The NAR 2012 Commercial Member Profile was based on a survey of 2,499 commercial practitioners. Income and transaction data are for 2011, while other data represent member characteristics in 2012.
If sustainability is a key consideration when remodeling, make sure the products you select are durable, easy to clean and are good for the health of your home and the environment. allows a more seamless appearance. If sustainability is a key consideration when
remodeling, make sure the products you select are durable, easy to clean and are good for the health of your
home and the environment. Ceramic tile helps you accomplish all of the above on your green check list.
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Local Real Estate News – Lubbock Association of Realtors
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Just the Facts
What buyers and sellers should know about disclosure BY Debora Perez Ruiz, President Lubbock Association of REALTORS®
Have you heard the saying that what you don’t know won’t hurt you? Well, when it comes to buying real estate, that’s not the case. You need to know if the house you’re buying had a flooding issue in the past or has a defective roof. That’s why full disclosure – a seller’s obligation to disclose RUIZ facts about properties for sale – is critical for a successful real estate transaction. Buyers need to know material facts about a home – that is, anything that could affect the sale price or influence the buyer’s decision to proceed with the purchase. Most states, including Texas, require some type of formal seller disclosure to avoid disputes and lawsuits accusing the seller of not disclosing problems he knew about before the sale. Here’s what you need to know. What’s on a Disclosure Form? A disclosure form is a notice most residential sellers are required to give potential buyers on or before the effective date of a real estate contract for sale. The document covers the seller’s awareness of any defects in the property before the sale in reasonable detail. You can access a copy of this form on the Texas Real Estate Commission’s website for public use; however, you should ask your Lubbock Realtor any questions you have about complet-
ing the form and what should be included. For example, if you’ve had a termite problem in the past, that’s something that prospective buyers should know. Or, if the roof has a leak, buyers need to know that, too. There are also federal laws about disclosure your Lubbock Realtor will discuss with you. For example, someone selling a home built before 1978 must disclose any known lead-based paint problems. Honesty is the Best Policy When Selling Intentionally withholding information about a property when you sell can have serious legal ramifications. Talk to your Lubbock Realtor and make sure you understand your responsibilities. You don’t want to inadvertently leave something out and have to deal with the expense and possible legal consequences later. Don’t be afraid to disclose information about your property, especially things that will come up in the inspection anyway. Disclosure laws were created to protect buyers, but they also protect sellers. If all the information about a property is revealed up front, you’re less likely to be involved in disputes after the sale. Protect Yourself and Your Purchase If you’re buying a new home, you want to make a
solid decision, and that starts with having all the pertinent information. Ask for the seller disclosure document when you submit your offer and read it carefully. If any items concern you, ask questions and investigate. Another step you can take to protect yourself when you find a house you like is to hire a licensed inspector. It’s a relatively small price to pay to have a professional look into all the systems and components and report to you where deficiencies or potential problems exist. You may also want to hire specialists when you have specific concerns, or when the inspector suggests it, such as a structural engineer to examine a potential foundation problem. Yes, you will have to pay for these professionals, but you’ll want to know if there are expensive repairs in a property’s future before it becomes your property. Consult a Professional Disclosure is a necessary part of the real estate transaction, helping to protect both buyers and sellers and ensuring lots of smiles on closing day and beyond. If you have questions about disclosure when buying or selling a home, ask your Lubbock Realtor for advice. He or she will be knowledgeable about state and federal requirements, and he will help you determine what information to share. For more information about buying and selling, I invite you to visit LubbockRealtors.com and TexasRealEstate.com.
Keller Williams Realty West Texas names new General Manager Keller Williams Realty, the fastest growing real estate firm in North America, announced today that Doug Duncan has been appointed General Manager for Keller Williams Realty West Texas/Eastern NM. “We know that Doug is a true asset and will put his extensive real estate experience to work for us in the West Texas/Eastern NM Offices,” says Tim Minnix, Operating Principle of Keller Williams Realty. “As a company, we are growing at a phenomenal rate and we know that Doug will contribute greatly to that growth and our goals.” Prior to his appointment to General Manager, Duncan served as Team Leader for Keller Wil- DUNCAN liams Realty in Lubbock. Duncan began his real estate career in 2005 in Boerne, TX. From luxury homes and new construction sales to development, Duncan’s career has seen multiple shifting markets. As a Team Leader/CEO, he led his team to 50 hires and a 58 percent increase in closed volume in 12-months. Today, that team produces more than $107 Million in closed volume. “Keller Williams has changed my life. Because of the way our company operates, there are no limits to what we can achieve. The powerful people we are in business with allow such limitless thinking and I am very excited about the opportunity to grow agent businesses in West Texas and Eastern New Mexico.” The Keller Williams Realty West Texas/Eastern NM offices consist of 300 associates with market centers in Amarillo, Lubbock, Midland, El Paso and business centers in Canyon, Clovis, El Paso West and Las Cruses. Keller Williams Realty is a learning-based company that offers cutting-edge training to its associates through Keller Williams University and unmatched agent coaching through MAPS Coaching. Its industry-unique, agent-centric business model includes profit sharing and agent leadership councils that participate in company-wide decisions.
Kearney & Associates, Realtors welcomes new sales agent Kearney & Associates, REALTORS is pleased to announce that Kyla Coleman Breler has joined the firm. Born in West Texas and raised in a farm family, Kyla is the daughter of Randy and Sandy Coleman of Lubbock. She is a wife to Michael Breler and the proud mother of Drake. She graduated from Texas Tech in 2010 with a degree in Restaurant, Hotel, and Institutional Management. During her time at Tech, Kyla was a member of the Women’s Tennis Team, was named an ITA Scholar Athlete, and earned a spot on the Academic All Big 12 First Team. She also was an active member of the Phi Upsilon Omicron Honors Society, as well as the Eta Sigma Delta Honors Society. Because of her love for real estate and the staging of homes, Breler Kyla earned her real estate license. She is eager to share her passion, dedication, and enthusiasm to meet all of your real estate needs. Call her today!
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Featured Floorplan – Betenbough Homes Betenbough Homes is proud to showcase the stunning Roxann at 6115 87th Street. This brand-new design is featured in Betenbough Homes’ luxurious community – Valencia. Located near 87th Street and Iola Avenue, Valencia is nestled in southwest Lubbock and features sophisticated homes from the $240s. This community boasts four and five bedroom plans ranging from 2,500 square feet to 3,500 square feet. “Our Valencia community is the epitome of luxury with an extensive selection of floor plans and creative options that give your home a distinctive feel,” said Ron Betenbough, vice president, Betenbough Homes. “To add to the beauty of our homes, Valencia offers a charming community park for families to enjoy.” Priced at approximately $117 per square foot, the Roxann includes 3,079 square feet of living space, featuring a grand entrance with a regal covered front porch, and wood flooring. This beautiful fourbedroom, three-bathroom home includes an open and inviting family area showcasing a majestic stone fireplace, spacious kitchen with a dual island and high bar, large two-car garage, and shade arbor with a sizeable patio for relaxation. The master suite includes vaulted ceilings, his and her Portofino engineered marble vanities accentuated by a beautiful garden tub, and an expansive walk-in closet. Included features of the Roxann are decorative, rounded wall corners, 11-foot ceilings, with openings to 12 feet in the family area, 18”x18” ceramic tile, electric range with built-in cabinet vent hood, built-in oven and microwave, dishwasher, maple-finished cabinets with fluted decorative end panels, as well as a weather-treated seven foot capped cedar fence with concrete curbing. Each Valencia home will include a landscape package featuring at least three trees. Also included are three options of flowerbed borders and two options of plant packages, including traditional and indigenous. The flowerbed soil will be treated with Nature Life Soil Conditioner and topped with two inches of granite gravel mulch. Individuals are encouraged to learn more about the Roxann at the Betenbough New Home Center located at 6517 82nd St., west of Milwaukee Avenue, Monday through Saturday from 10 a.m. to 6 p.m. For more information on Valencia or Betenbough Homes’ other communities and more than 30 floor plans, visit the Betenbough New Home Center or call 806-687-8787. Betenbough Homes, West Texas’ No. 1 home builder, was founded in 1992 when father and son duo, Ron and Rick Betenbough, teamed up to deliver quality homes at the most competitive price. Based in Lubbock, Texas, Betenbough Homes has built more than 4,000 homes in communities across West Texas. Named one of America’s Top 100 Builders by Builder Magazine, Betenbough Homes is an employee-owned, faith-based home building company passionate about people and committed to providing West Texans with an unparalleled home buying experience and more home for less money. For more information on Betenbough Homes, visit betenbough.com. This home is sponsored by the West Texas Home Builders Association in cooperation with the Lubbock Avalanche-Journal.
6115 87th Street – Valencia
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