ABoR Foundation to host Dell Diamond “Night at the Ballpark”
Join the Austin Board of REALTORS (ABoR) Foundation for an evening of summertime family fun as the Foundation presents scholarships to 10 recent high school graduates before the Round Rock Express game on Wednesday, June 18. The Dell Diamond Family Evening will begin at 5:30 p.m. with a hamburger and hot dog buffet in the United Heritage Center. The excitement continues with the on-
field scholarship presentation taking place in the Dell Diamond at 6:30 p.m., just before the Round Rock Express takes on the Omaha Royals at 7:05 p.m. Event tickets cost $25 for adults and $10 for children and include reserved game seating and the buffet meal. Purchase tickets by contacting Laura Pagnozzi of Independence Title at 567-5491, Susan Patterson of Independence Title at 914-8984, Rita Barousse in the ABoR Education Department at 454-7636 or a “Friend” of the Foundation.
UPCOMING EVENTS: JUNE 18 CRS MEMBERSHIP LUNCHEON Westwood Country Club - 11:30 a.m. JUNE 18 NAHREP MEMBERSHIP LUNCHEON Holiday Inn Town Lake - 11:30 a.m.
JUNE 18 NIGHT AT THE BALLPARK - ABoR Foundation Dell Diamond - 5:30 p.m. JUNE 18 A MIDSUMMER’S NIGHT DREAM HOME MERCEDES HOMES The Ranch at Brushy Creek - 6-8 p.m.
JUNE 23 CHEESEBURGERS IN PARADISE Falcon Pointe Residents Club - 4:30 p.m. JUNE 26 WCR NETWORKING LUNCHEON ABoR Auditorium - 11:30 a.m.
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JUNE 2008 • VOL. 13 • ISSUE 2
Enjoyable. Entertaining. It’s all About You.
Associates In Progress Hometrust Mortgage and DHI Title
Board fights quest for energy efficient mandates would be required to obtain certificates of compliance. The board also contends that the ordinance CONTRIBUTING WRITER would essentially require a license to sell a home Conserving energy—especially in homes—may and is not something the city should be spending not appear to be a divisive topic, yet it’s causing resources on. some real estate professionals to get their thermo“It’s a nightmare for every citizen in Austin,” stats boiling as City Hall ponders whether to require says Charles Porter, who is ABoR’s immediate past sellers to prove their homes are energy efficient chairman and is serving on the 28-member Energy before they can sell them. Efficiency Retrofit Task Force, which will be presentThe idea stems from Austin Mayor Will Wynn’s ing a recommendation to the City Council. “It is one goal to make Austin the greenest city in the country of the biggest challenges we have faced in years.” through a Climate Protection Plan that includes a Porter, of Bryker Properties, and Nathan Doxsey proposed ordinance establishing mandatory effi- of Texas Green Realty are the two real estate repreciency standards for existing homes. The city’s pro- sentatives on the task force. Wynn says in an e-mail posal would require homeowners to upgrade their responding to ABoR’s action campaign against the homes and obtain a “certificate of compliance” from point of sale ordinance that the task force recomthe city before they are able to sell. Many are refer- mendations will undergo an extensive public ring to it as the point of sale ordinance since that is review process, most likely in middle or late fall. when the standards will be enforced. “There is almost universal agreement that energy The Austin Board of REALTORS is against the efficiency is an important goal,” Wynn says. “Where proposal for three main reasons. The board claims folks differ is on their ideas of exactly what role the mandatory retrofits would make homes difficult to City should play.” afford, as upgrades would be costly, and would ABoR chairman Socar Chatmon-Thomas says the extend the sales process, as additional inspections board is against any language in the ordinance that would make the upgrades mandatory. Presorted Standard “We are absolutely U.S. Postage PAID dedicated and deterAustin, Texas mined to make sure we Paid Permit #715 protect the affordability P.O. Box 81366 of homes in Austin,” she Austin, Texas 78708-1366 says. “We are educating homeowners associations and the public and as a result, the city council is getting inundated by emails and phone calls Don’t forget: You can visit us online 24/7 at www.realtylineonline.com about this issue.”
By Linda McNabb
Wynn contends the changes being asked of homeowners will actually make homes more affordable because savings on electricity bills must clearly outweigh the expense of any required upgrades. “Things like weather stripping, efficient lighting and solar screens have a very short simple-payback period that will reduce the cost of homeownership and thereby help reduce foreclosures,” he says in his e-mail. Chatmon-Thomas says the board insists the free market is what should drive citizens to make energy efficiency upgrades to their homes, not a law. “I upgraded my air conditioning system because I wanted to, not because I was forced to,” she says. “If there are two homes on the market at the same price and one owner has made improvements over time to make it energy efficient, then buyers are going to choose the one that saves them money.” Over time, this will mean sellers will voluntarily make energy improvements to their home in order to be competitive, she says. Porter says one reason he continues to fight against any mandatory language in the task force meetings is that he and others fear the requirements may be expanded. “What happens is 10 years later the bureaucracy grows,” he says. “They will want to add requirements and increase it to a different level.” Chatmon-Thomas agrees that it is important that the board focus on the long-term consequences. “After the first phase, it could be all up for grabs—like replacing windows and air conditioning systems. Plus, there are no exceptions, even if a home is going to be a tear down. I think they got caught up in the green movement without thinking everything through.” Green Continued on page 2
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Realty Line of Austin
June 2008
On page 2 of the May 2008 issue we inadvertently noted Socar ChatmonThomas with the incorrect company affiliation. She is with Coldwell Banker United REALTORS. Realty Line regrets the error.
Lori Higgins of Georgetown Title joins Judie Allen and Steve Klein, both of Steve Klein Custom Builder, Karen McKinney of JB Goodwin REALTORS and Pat Berryman, Georgetown City Council member at the casual country barbecue Steve hosted at The Preserve at Lake Georgetown. Green Continued from front page
Mike Hammonds of Turnquist Partners REALTORS welcomes Jennifer Entner of Texas American Title and Kristina Kirby of Austin Mortgage Associates to his listing at 513 Kodiak Trail in Breakaway Park, Cedar Park’s newest luxury home community.
As alternatives, the board proposes that the city offer annual rewards for energy efficiency such as through local homestead exemptions, sale tax exemptions and an expansion of the Austin Energy rebate and zero percent fixed-interest loan program. The board also suggests co-branding with the city of Austin to promote energy efficiency by designating a home as “Austin Energy Recommended,” and creating a “Green REALTOR” designation that identifies a REALTOR as being particularly knowledgeable about environmental issues. In addition, the board would be in favor of providing space on its seller’s disclosure form to list the findings of energy audits. “A voluntary program that offers meaningful incentives and consumer education is the right way for Austin to achieve energy efficiency,” states keepaustinaffordable.org, the board’s Web site devoted to the issue. For more information, contact Emily Chenevert in ABoR’s government affairs department.
A PUBLICATION OF © CAXTON PUBLICATIONS, INC.
Realty Line of Austin is published monthly by ©Caxton Publications, Inc., as a non-subscription publication for the more than 8,000 members of the Austin Board of REALTORS (ABoR), the more than 1,000 members of the Williamson County Association of REALTORS (WCAoR) and the Home Builders Association (HBA) of Greater Austin. ©Caxton Publications, Inc. dba Realty Line of Austin is an active member of the Austin Board of REALTORS, the Williamson County Association of REALTORS and is a honorary member of the Women’s Council of REALTORS. Caxton Publications, Inc. dba Realty Line of Austin is not responsible for opinions or facts expressed by non-staff writers or for errors and any by-products in advertising or editorial copy. REALTOR® is a registered trademark. The word REALTOR® sometimes appears in this publication without the registered trademark symbol (®), for the purpose of saving space. Wherever the word REALTOR appears in this publication, the registered trademark should be assumed.
Doren L. Carver PUBLISHER
Tawanna K. Carver MANAGING EDITOR
Linda McNabb CONTRIBUTING EDITOR/WRITER
COLUMNISTS Socar Chatmon-Thomas Linda Hall • Gary Henley Gary Cocanougher • Steve Klein John McClellan All photos, press releases or article submissions can be sent to
E-mail: realtyline@austin.rr.com
P. O. Box 81366, Austin, Texas 78708 Office: 821-1900 www.realtylineonline.com
Realty Line of Austin
June 2008
ABoR CHAIRMAN’S COLUMN
Reserve Your Realty Roundup Booth Today! By Socar Chatmon-Thomas • Coldwell Banker United REALTORS 2008 Chairman • Austin Board of REALTORS Join ABoR for Realty Round Up on Wednesday, October 22 at the Austin Convention Center. The theme of this year’s trade show is “Uniting Heroes in Real Estate,” so come prepared to unleash your inner superhero. As the largest real estate trade show in Central Texas, Realty Round Up offers you a unique opportunity to network with others in your profession. Reserve your booth www.abor.com/roundup2008 before June 30 and lock in your discounted rate. ABoR members receive an additional discount. For more information on this event, contact Gina Willemsen, trade show coordinator, at 4547636, ext. 1601 or gwillemsen@abor.com.
Bid, Drink and Be Merry Join TREPAC on Thursday, August 21 for the annual Wine Tasting and Silent Auction fundraiser. From 6 to 9 p.m. in the ABoR auditorium, you can sample a variety of wines and bid on great prizes. All money raised at this event is a direct contribution to TREPAC. Sponsorship opportunities for the TREPAC Wine Tasting and Silent Auction are also available. To purchase tickets or learn more about sponsorship opportunities, contact Emily Chenevert at echenevert@abor.com or 454-7636, ext. 1501. Help Shape Your Association Members who serve on ABoR committees work to move their association in a positive direction. Beginning on Tuesday, July 1, ABoR will be accepting volunteer nominations for the 2009 committees. The deadline for submitting nomination forms is Sunday, August 31. A complete list of ABoR committees is available online at www.abor.com/about_abor/committees.cfm.
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Even members currently serving on committees must complete a committee request form in order to participate on a 2009 committee. The form will be available beginning July 1 on Abor.com. All committee members are required to have valid e-mail addresses. Questions regarding the committee nomination process may be directed to ABoR’s Executive Department at executive@abor.com.
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Participant Feedback Prompts New MLS Fields In response to requests from ACTRIS subscribers and participants, the MLXchange system is being updated with several new fields. These new options will bring agents and consumers the information they need to make informed real estate choices. The addition of a Green Building Rating field will allow participants to include ratings by Austin Energy’s Green Building Program, Energy Star Homes, Environments for Living, LEED-H (Leadership in Energy and Environmental Design) or NAHB (National Association of Home Builders). Search fields will also be created to allow buyer’s agents to search for property search for listings using specific terms such as “attic fan,” “Energy Star appliances,” “tankless water heater” and “green/garden roof.” Five additional fields will be added this summer, highlighting key property information. They include: • Foreclosure, which shows whether the property is currently in foreclosure status and if so, who the current owner is; • Bus, which explains whether the property is close to a school bus route; • Interior steps, which alerts mobility-impaired consumers to homes with sunken living rooms, garage steps, etc.; • Water access, which denotes properties that are not considered waterfront but have access to water through the subdivision or homeowners association; and • HOA name, which contains the name of the property’s homeowner’s association (HOA) if applicable. Look for more updates on the MLXchange homepage and in Austin REALTOR® as they become available.
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June 2008
Ted Berg of Reytex Homes in Bunton Creek works with Tommy Chapman of Keller Williams Realty and his clients.
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Mary Jo Schoppa, center, of Lackey Real Estate spends some time with Ann Carson, right, of Independence Title and guest Peggy, left, cooling off under the large shade tree in front of the Gavurnik Builders model at Holly Street Village neighborhood in Georgetown. Ben Watkins, right, and Judie Allen, second from left, both of Steve Klein Custom Builder, show off some special features of this home at The Preserve at Lake Georgetown. From left: Lori Higgins of Georgetown Title, Tommy Hanover and Michael Flores, both of Hope Lumber, and Kristina Garlick, family homeowner.
June 2008
Realty Line of Austin
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June 2008
Dennis Ciani of Pacesetter Homes, Jamie Lamprecht, a design representative with Floor King, and Oscar Saenz of Pacesetter Homes check out this home that is being built in Austin’s Colony, in the Del Valle Independent School District.
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Cindy Fenley of Countrywide Home Loans and Lisa Monti of United Title of Texas enjoy honoring decades of women empowering women at the Women’s Council of REALTORS’ Fashion Show and Networking Gala.
Rainer Ricken and Ian Boyd, both of Newland Communities, welcome more than 100 REALTORS to Teravista, where nine builders showcased 10 model homes.
Realty Line of Austin
June 2008
WCR PRESIDENT’S COLUMN
WCR Networking Proves To Be Successful By Linda Hall • Realty World, John Horton & Associates 2008 President • Women’s Council of REALTORS It is that time again! The Women’s Council of REALTORS will be electing its officers for 2009. These are voluntary positions and make a real difference in our real estate community. Please consider the following positions: Secretary, Treasurer (national affiliates can apply), Vice President of Membership and President Elect. The latter two must be a licensed REALTOR. It is an honor and a privilege to serve with our friends and associates and to learn more about the Women’s Council of REALTORS and the work that we do together. Our Web site, www.austinwcr.org, has the applications and protocol listed on the left side of the site. Please fill them out and get to them to Barb Cooper, committee chair before June 15. She can be reached at 343-7500. Also, in keeping with our theme “You have come a long way Baby!” we have many thanks to send out, so it goes! It comes with a very personal thanks from me and the entire committee. Maybe we should change the theme to “What a Night!” Many, many thanks to everyone! Also to the precious children who joined us! Models: Leslie Brvenik, LandAmerica Austin Title • John Schutze, Bank of America, The John Schutze Group • Jazz Lough, Real Living Realty • Scarlett Tucker, Best Agents In Texas/Texas American Title • Linda Hall, Realty World, John Horton & Associates • Jennifer Ayres and Olivia, Coldwell Banker United, REALTORS • Blake Edward, Brown Primerica Financial Services • Stephanie Powell, Champions School of Real Estate • Marley Bautista, Coldwell Banker United, REALTORS • Cheryl K. Jenkins, Coldwell Banker United, REALTORS • Ron Urias, Farmers Insurance • Laura Stephens, CPA • Sarah Jones, United Title of Texas • Scott Carley, sponsored by Universal Land Title • Gary Ho, AREP • John and Susan Horton with Berkley Wheatley, Realty World, John Horton & Associates • Chris Ott, Keller Williams/AYREP • Mary Ann Jeffers, State WCR
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President, Mickey Ferrell REALTORS • Chemise Walker, KB Home • Jackson Marburger, Linda Hall’s grandson • Jose Chavez and Liliana Chavez, Realty Texas • Kindra Zepeda, Independence Title. Thanks to all of our sponsors and committee members who made this year’s Fashion Show and Networking Gala a huge success! Fashion Show Committee Chair Ali Valentine • Vice chair Susan Brown Marie Dang-Schwartz, Mary Mealy, Lynn Bates, Rocky Hardie, Photographer William Gibson, Tessa Patton, Cheryl Tucker, Meredith Cain, Mari Edwards, Katie Osborne, Susanna E. Boyer, Linda KnowlesKatz, Becky Hopkins, Roxanne Watson, Sandy Mann, Diana Taber, David (Mack) Coleman, Marley Bautista, Leslie Brvenik, Jazz Lough, Todd Lessig, Gary Ho, Sandy Battise, Kim Duyet Jamar, Bam Rembert, Amy Hutson, Dee Dee Passes. A special thank you to our Auctioneer Victoria Gutierrez. She is one of the most engaging, vivacious auctioneers you'll find. She is exciting, classy and just generally fun. Her friendly and outgoing style is refreshing for guests. Victoria has conducted charity auctions throughout the United States and will travel anywhere to make each event a success. Her expertise has been recognized by celebrities and CEOs alike. She donated $26,350 in services during the 2006-2007 charity auction season and has conducted over 100 charity auctions. Victoria was our Auctioneer Extraordinaire! See the pictures! www.rockyhardie.smugmug.com, photography courtesy of Rocky Hardie. VIP Table Sponsors Coldwell Banker United • Alamo Title • United Title • Realty World, John Horton & Associates • LandAmerica Austin Title Table Sponsors: Austin American Statesman • Realty Texas • AREP • KB Home Entertainers: Brent Allen, Jefre Outlaw, Malise Sharay, Kirk Fisher, Cedar Park Dancers Hair: Carter T. Lund & Team • Makeup: Debbie Yost, Mary Kay Cosmetics.
Don’t forget you can visit our Web site www.austinwcr.org
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Realty Line of Austin
June 2008
Host Terry Jackson of Texas American Title and instructor Sally Vetters of United General Title Insurance, both standing, greet real estate professionals attending an MCE class on real estate ethics.
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Betty Sun and Kenneth Kinkade, both of Realty World, John Horton & Associates, enjoy the breeze with their son Ethan, aboard a boat on Lake Austin during the ABoR Foundation’s first annual cruise.
Charlie Spriggs of Mission Mortgage puts another one out of sight at Cimarron Hills Country Club during the 19th annual Williamson County Association of REALTORS golf tournament.
June 2008
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June 2008
Carmen Erthal of Amelia Bullock REALTORS and Nicole Cooke of DHI Title make sure everyone is checked in to get their MCE credit at the oneday seminar extravaganza. Guests learned how to help clients bid on homes up for auction.
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Jim Clark and Glenn King, both of RE/MAX Round Rock load up their golf cart and head out for a day of fun at the 19th annual WCAoR golf tournament.
Agents from Amelia Bullock REALTORS view all six houses featured in HBA’s Parade of Homes on REALTOR Day.
June 2008
Realty Line of Austin
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June 2008
Lauri Anderson, April Downey and Kelli Burns, all of Independence Title, gather at the second annual casino night at Dave and Buster’s, hosted by the Central Texas Association of Mortgage Brokers.
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David Rupp of River Custom Oaks Homes and Grant Whittenberger of Buffington Signature Homes enjoy a light lunch on the patio at Rocco’s Grill at the HBA Lakeway chapter meeting.
Jazz Lough of Real Living Realty takes a walk down the runway at the WCR Fashion Show and Networking Gala at Balcones Country Club.
Realty Line of Austin
June 2008
HBA PRESIDENT’S COLUMN
Stop crossing your fingers—and start cashing in! By Gary Henley • Henley Homes, Inc. 2008 President • Home Builders Association of Greater Austin Why hold your breath for the market when you can get ahead with builder incentives? This selling season, it’s time for us to work together. Amidst further rumors of an ever-teetering housing market it’s easy to get sucked down with the bad news. But let’s all try something new: take a moment pull yourself away from the forecasting Web sites and check out how local builders are poised to make this season one that can really help your sales. That’s right—in every cloud, a silver lining. And it’s important to remember that Austin gets 300 days of sunshine: our city is still growing, despite most of the national doom and gloom. Builders (both locally and nationally based) are stepping up to make this season a great one. Let’s take a look at just a few of the incentives being offered to REALTORS: Centex Homes: Offering 5% commission to REALTORS in Austin on inventory that closes by June 30, 2008 and 4% on all other specs and to-be-built homes that close by July 31, 2008. A buyer can sign a contract for a home to be built by Centex for under $120,000 at seven of our 15 Austin locations. Centex builds homes that fit a wide range of lifestyles and budgetary needs with prices from $90,000 to $400,000. Also, just in time for their 25th Anniversary in Central Texas, Centex is offering 25% off options for buyers on a to-be-built home on contracts written by July 31, 2008; Taylor Morrison Homes: Commission of 3% plus dinner for two at Hudson's on the Bend for the first closing, 3% plus a $1,000 gift card for the 2nd closing and 3% commission plus a $2,000 gift card for the 3rd closing and beyond; Wilshire Homes: Up to $10,000 realtor bonuses and up to $30,000 buyer incentives; Main Street Homes: REALTOR commission of 5% and up to $5k in incentives; Capital Pacific Homes: 5% REALTOR commissions on select inventory;
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D.R. Horton: 5% in select communities plus various buyer incentives; Buffington Signature Homes: REALTORS receive gift cards for 1st, 2nd and 3rd closings; Standard Pacific Homes: 6% REALTOR commissions; David Weekley Homes: Various closing bonuses. Just a little pick-me-up for the coming months! And these are only a few examples of what’s out there. Check individual builder Web sites and www.PRED.com for the latest REALTOR and buyer incentives. No, we can’t deny that the housing market is still slumped. But the fact is, people still want to live in our gorgeous city. Austin’s population is projected to reach 1.6 million by 2010 (www.austinchamber.com), and all those people need homes. Work together, and we can get them into the one they’ve been dreaming of. To learn more about how to choose a builder or buy a new home, visit the Home Builder’s Association of Greater Austin’s Web site at www.AustinHomeBuilders.com.
Casey Clem of Keller Williams Realty entered a drawing at the Parade of Homes Preview party held at Rough Hollow’s Waters’ Edge subdivision in Lakeway and won a year’s lease on a Cadillac CTS.
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June 2008
Titha Oden of the Reytex Homes’ community of Blanco Creek in San Marcos has been working with Greg Young of Home Resource Group.
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Kara McGregor of Independence Title, Chris Glisan of Turner Residential and Beth Lozano of Cornerstone Mortgage find going on a boat cruise is a great way to check out lakefront homes. The ABoR Foundation hosted the unique property tour.
Kay Milligan of United Title of Texas and Terry Milligan of Lone Star Land Sales enjoy the fine weather at the 19th annual WCAoR golf tournament.
June 2008
Realty Line of Austin
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June 2008
Diane Schouten of Ash Creek Homes welcomes Torre Shanks of Amelia Bullock REALTORS to the salad luncheon at Arboretum Park, a community known for green building.
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Sandra Alvarez of Banker Coldwell United REALTORS and Josh Palmer of First State Home Loans enjoy view ing the Ceniza Condos on Cooper Lane. First State Home Loans sponsored the REALTOR open house.
Ali Valentine of Exit Realty pauses so guests can admire the clothing she models at the WCR Fashion Show and Networking Gala at Balcones Country Club.
Discover why no one can do what Countrywide can. JENNIFER LINSCOTT
Home Loan Manager/Production
NORTH AUSTIN OFFICE 9828 Great Hills Trail, Suite 550 Austin,Texas 78759 Office Main: 346-0339
Direct: 231-3423 Cell: 563-2727 Jennifer_Linscott@Countrywide.com home.countrywide.com/jenniferlinscott
KIM GHANEM Sales Manager
Direct: 231-3424 Cell: 743-8609
FRANK HUNT Sales Manager Cell: 633-6922
CHRIS KEEFER, Sales Manager
KENT KILLOUGH Sales Manager Direct: 231-3435 Cell: 736-9310
Direct: 231-3426 • Cell: 261-5002
ATHENA KOLER, Hm. Loan Consultant Direct: 231-3413 • Cell: 673-2510
JARED KOLER, Hm. Loan Consultant Direct: 231-3414 • Cell: 673-2614
MARK SUMRALL
Hm. Loan Consultant Direct: 231-3436 Cell: 585-1481
“JP” PALMERI
Hm. Loan Consultant Direct: 231-3418 Cell: 791-2476
RANDALL ROBINSON
Hm. Loan Consultant Direct: 231-3420 Cell: 432-528-3218
STEVE SIFUENTEZ
Hm. Loan Consultant Direct: 231-3412 Cell: 762-2856 Se Habla Espanol
STEPHANIE DELEON
Hm. Loan Consultant Direct: 231-3433 Cell: 788-2207
MATT MORROW, Hm. Loan Consultant Direct: 231-3427 • Cell: 779-1132
JOHN ROACH, Hm. Loan Consultant Direct: 231-3428 • Cell: 964-9504
Realty Line of Austin
June 2008
WCAoR PRESIDENT’S COLUMN
WCAoR’s — This and That By Gary Cocanougher • Avalar Real Estate 2008 President • Williamson County Association of REALTORS Our annual golf tournament held May 8 at Cimarron Hills was a great success! I would like to personally thank the Golf committee for their hard work and dedication to our association. A big thanks to Holly Schuler (Chair), Diane Thompson, Jim Goldrick, Jim Moran, Chris Tinnell, John Magruder, Karen Parker, Victoria Reviel and to the WCAoR staff for their work. We could not have this tournament without our generous advertisers. They are: Cimarron Hills, Paloma Lakes, Maker Capital Group, Austin Mortgage Associates, North American Title, Gracy Title, LandAmerica Austin Title, National City Mortgage, ZIP Realty, Chicago Title, Union State Bank, Edwin Watts Golf, Alamo Title, Hard Drive, Georgetown Title, Home Warranty of America, Summit 1031 Exchange, Junk Busters, J.B. Goodwin REALTORS, Highland Homes, Coldwell Banker United REALTORS, Keller Williams Realty, Newland Communities, Pillar to Post, Independence Title, REI Building Services, Texas American Title, Jimmy Jacobs Custom Homes, Austin Mortgage Associates, Housemasters Home Inspection, First State Bank Central Texas, First Texas Bank, David Weekly Homes, Danze & Davis Architects, Allied Home Warranty, 620 Café, Round Rock Express, Grand Haven Homes, The Real Estate Book, Tejas Golf and Realty Line. I also want to thank everyone who played or just came out to enjoy dinner with us. In May, I was able to attend the National Association of REALTORS (NAR) Midyear Legislative meeting in Washington D. C. of which 10,000 members attended. We had a great meeting and got to visit with our respected members of Congress. I want you to know that NAR and also the Texas Association of REALTORS (TAR) did an excellent job in the organization of this conference. They really do represent you well. The Legislative points that were discussed with members of Congress are listed as follows:
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Enact Housing Stimulus Legislation FHA Reform - Action needed: Enact legislation that would make FHA a more flexible and widely-utilized program for borrowers and lenders alike and makes higher loan limits permanent. GSE Reform (Government Sponsored Enterprises) Action needed: Enact comprehensive GSE reform legislation that preserves the housing mission of Fannie Mae, Freddie Mac and the Federal Home Loan Bank system and makes higher loan limits permanent. Homebuyer Tax Credit - Action needed: Enact a tax credit that would be widely available for prospective homebuyers. Assure that the credit is available for any property purchased as a principal residence.
Improve Access to Affordable Insurance National Flood Insurance Program - Action needed: Reauthorize the Flood Insurance Program before it expires on September 30, 2008. Property and Casualty Insurance - Action needed: Enact legislation that enhances the availability and affordability of homeowners’ insurance.
Enact Small Business Health Care Legislation Small Business Health Insurance - Action needed: Enact legislation that will make health insurance more widely available and more affordable for self-employed individuals and owners of small businesses. These were the main talking points brought before the Members of Congress. Your TREPAC dollars do make a difference, and I encourage you to give what you can to TREPAC. The Williamson County Association of REALTORS and the Austin Board of REALTORS presents Cheeseburgers in Paradise, an event to benefit TREPAC. The event will take place at Falcon Pointe Residents Club in Pflugerville, 19015 Falcon Pointe Blvd, on June 23, from 4:30 to 8:30 p.m. The food will be catered by Robert Boesch, the Margarita machines will be cranked up and we encourage you to wear your "Key West Best!” Don your finest parrott head so you can win Best Dressed! Move to the island groove and bring you checkbook so you can take home one of the amazing auction items up for grabs! Tickets are $35 and can be purchased at either WCAoR, ABoR, or online at www.wcaor.org and www.abor.com.
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June 2008
Tammy Templin and Diana Thomas, both of Coldwell Banker United REALTORS, host David McMillan’s personal listing at 517 Kodiak at the Breakaway Park REALTOR cocktail party. David McMillan is with United Lending.
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Cheryl Middleman, Martha-Cary Sadler, Lietza Brass and Sydney Hazell, all of Austin Confidential Real Estate, check out along properties Lake Austin during the ABoR Foundation’s boat tour.
Erin Cook and Jennifer Taylor, both of Newland Communities host nearly 100 REALTORS at a recent preview of 10 new models at Teravista.
Realty Line of Austin
June 2008
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Austin Business Journal's #1 Title Company.
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www.IndependenceTitle.com
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Realty Line of Austin
June 2008
Jessica Phillips, Bertina Schreiber and Jean Phillips, all of Moreland Properties, sneak a peak at the worldlakefront class, homes featured in the Home Builders Association of Greater Austin’s Parade of Homes.
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Corey Breed of Breed and Associates and Karly Frantom of Allstate get a front row seat at the premiere of the newest Indiana Jones movie at the Alamo Drafthouse Village. Breed and Associates rented the theatre for 60 mortgage professionals and REALTORS. Jay Pearce of Jay Pearce Real Estate sends one flying so fast at the Cimarron Hills Country Club that Superman would have a hard time keeping up with it. He was one of the participants in the 19th annual WCAoR golf tournament.
June 2008
Lisa Altamirano of Gracy Title and Peg Braxton of Keller Williams Realty attend the Parade of Homes preview party that the Home Builders Association of Greater Austin hosted in Rough Hollow in Lakeway.
Carlos Fernandez, right, of Arboretum Realty discusses green building with Spotlight Austin sponsors Scott Taylor of Land Creek Development and Diane Schouten of Ash Creek Homes.
Ginny Stapleton and Sandra Alvarez, both of Coldwell Banker United REALTORS, tour Ceniza Condominiums and register for a laptop computer at a recent REALTOR party.
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June 2008
Laura Pagnozzi of Independence Title, ABoR director Judith Bundschuh and Janine Williams thank Carol Parker, chairman of the ABoR Foundation, for putting together the fun boat cruise to check out lakefront properties along Lake Austin.
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Ken Pearcy of Coldwell Banker United REALTORS congratulates Tessa Patton of Summit 1031 Exchange on her recent marriage. They were at the Williamson County Association of REALTORS golf tournament.
Fashion shows aren’t just for women, as Gary Ho, of AREP, shows at the Women’s Council of REALTORS’ event at Balcones Country Club.
June 2008
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June 2008
Bob Schreiber of Austin Homescapes and Sam Mehra of Zip Realty thank Sarah Bright and Castillo, James both of DR Horton Homes, for showing them the condos at Scofield Villas.
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Lisa Matthews of C e n i z a Condominiums gives Wendy Wheeler of Diane Dopson Properties and Anita Dallas of Habitat Hunters all the information on affordable downtown condominiums at a recent REALTOR party.
Roxanne Becerra and Ron Miller, both of Exit Realty, find it is like walking on water at this entry in the HBA Parade of Homes in Rough Hollow in Lakeway.
Realty Line of Austin
June 2008
ASSOCIATES IN PROGRESS
DHI Title By Linda McNabb CONTRIBUTING WRITER “We Don’t Make Excuses, We Make it Happen.” That’s DHI Title’s motto, and it exemplifies the can-do attitude the company has chosen to take in a market that many others see as challenging. The company’s optimistic attitude comes from a history of more than 25 years in Austin (part of that time known as Travis Title.) The company also is located throughout the major cities in Texas and also has offices in Arizona, Nevada, Louisiana, Florida and Minnesota. “We are a Fortune 250 Company, but we still take pride in a personal approach to business,” says Brandy Burkhardt, Branch Manager. “Many of our customers are also customers of our parent company, D.R. Horton Inc., the largest homebuilder in the country for the last six years. However, many of our customers come to us from our strong relationships established through our retail divisions. We pride ourselves on offering the one-on-one attention that a valuable customer would desire.” Burkhardt says REALTORS will find the one-on-one attention DHI Title staff members provide comes with a great level of expertise, making the company ranked in the Top Ten according the Austin Business Journal. “Our closers are all highly knowledgeable, most with more than 20 years experience,” she says. “Second, we offer a more personal relationship with our clients, to deliver fast, friendly and efficient services. Our goal is a closing transaction that is stress-free and enjoyable.” The company also prides itself on making closings convenient. “In Texas, we have one branch office in Northwest Austin, but can close in a number of counties where we have DHI Title offices, including Dallas, Fort Worth, San Antonio and Houston,” says Nicole Cooke, business development. “We can also handle all the work out of our local office so that the customer has one contact throughout the process.” DHI Title has 12 staff members in its Austin branch office and 13 at the title
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plant, which performs title search and examination for all of its branches throughout Texas. “We care deeply about the relationship with our customer, and individual agents,” Burkhardt says. “We treat your customer with respect and courtesy, and have a daily focus on doing things the right way.” DHI Title also offers a number of training classes for REALTORS. “We do this in group settings, either at the customer’s office or ours. We also coordinate MCE classes for our REALTORS,” Cooke says. DHI Title also has a retail division designated to serve REALTORS for all their retail needs. “We welcome the opportunity to be your title insurance provider,” Cooke says. “Our goal is that you and all parties involved are kept informed, updated and made comfortable with the entire closing process. Our job is to make you look good, resulting in repeat business for you, and we hope in turn, for us.” One of the company’s goals for 2008 is to build upon its large customer base and gain more exposure and business from the resale market. “In addition to the new customers coming in from our affiliated homebuilder, we attract new clients by word of mouth from our customers,” Cooke says. “We think of our clients as partners, and do what we can to help them succeed. We understand how important it is to deliver a smooth transaction, because your business is our business! Our involvement in numerous trade associations and organizations also gives us an opportunity to network with potential new partners.” DHI Title hopes that by consistently providing an unexpected level of care and service to the Client, they will be compelled to become a customer for life. “This is achieved by creating a work environment that attracts, retains, and develops honest, independent thinking and highly motivated teammates into an accountable, decision-making team,” Burkhardt says. “We are proud to have the opportunity to handle a wide variety of clients—builder/developer projects, commercial, residential and investment properties, refinance transactions, 1031 and short sale/foreclosures transactions and new home sales. We are here to help you.”
Our motto, “We Don’t Make Excuses, We Make it Happen,” exemplifies our commitment to you.
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June 2008
Elizabeth Linton and Dawn Lewis, both of Century 21 Ripley get out of the heat and into this model in cool Teravista. It was one of 10 new models on display by nine builders.
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Mary Beth Kamnetz, Jim Burke, Carla Sharp, Sandilyn Shavette, and Kathy Chappell, all Pacesetter of Properties, tour the six entries in the HBA’s Parade of Homes.
Chemise Walker of KB Home takes part in the Women’s Council of REALTORS’ Fashion Show and Networking Gala at the Balcones Country Club.
June 2008
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June 2008
Officers of NAPMW prepare to be installed at the Holiday Inn From Northwest. left: Beverly Kerbow, vice president of education; Jeanne Evans, corresponding secretary; Ginny Miller, president-elect; Connie Smith, president; Matthew Posey, treasurer; Diane Kloc, recording secretary; and Joanne Rossa, second director. Not pictured: Shawn Sullivan, first director. the pics urchase P r o w Line at Vie in Realty e.com you see lin n o altyline www.re
Betty Epperson of Gavurnik Builders shows Mary Jo Schoppa of Lackey Real Estate a model home in Holly Street Village, a new community in Georgetown.
Sean LeGrant of Taylor Morrison offers up some cool air conditioning to J. Rene Ward of Best Agents is Texas as she and others preview 10 new models at Teravista.
Realty Line of Austin
June 2008
COMMENTARY
Selecting Your Custom Builder By Steve Klein • Steve Klein Custom Builder You have made the decision to build a new home and it’s time to get organized, start planning and move forward. A very common and often unfortunate leap of faith for many consumers is which builder do I choose? Planning, designing, budgeting, building and moving into a new home should be nothing short of an enjoyable experience, yet we all know someone who has a story to tell that indicates otherwise. Today’s lifestyles are fast paced and buyers more often than not do not understand the importance of investing the proper amount of time in interviewing potential home building professionals. There is a direct correlation between the amount of time invested in researching a builder and the total experience received throughout the entire building process. Interview, Interview, Interview: Interview only those builders with the strongest reputations in the marketplace. Realtors, bankers, business colleagues and friends will offer initial suggestions. Take time to organize your thoughts, expectations and questions prior to scheduling interviews with each builder. Ask each builder for a list of suppliers and contractors that he/she uses on each project. These references will give insight as to the builders scheduling, purchasing, job site management, accounts payable and other business practices. Watch out for recent changes in these relationships and listen for words like “trustworthy,” “dependable,” and “professional.” Check the builders banking and insurance references for long term financial stability and proper risk management. Workers compensation, general liability and builders risk coverage is a must for any project. Proper accounting systems and procedures ensure your funds do not get used on other client’s homes or worse yet something unrelated to your job. Ask for a list of clients. Any builder can furnish you with a list of a few satisfied clients. Look for homes that are of similar scope of project as your intended home and get a variety of aging on projects. For instance a project that is in progress, one that is two years old and several that are three to 10 years old. Builder Performance Evaluation - Design: Does the builder have a good sense of architectural balance and design? Does he/she work well with designers and architects? How
candy Buzan 797-5580
Max Leaman 293-1239
Linda Sato 785-1105
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extensive does his product knowledge seem to be? Is he/she a good listener? Is the builder a solution minded, problem solver or do they put off uncomfortable tasks? Estimating/Budget Control: How extensive is a budget for a similar project? How accurate is the builders estimating system? Did the builder explain the entire budget in detail and in a manner that is easy to understand? What cost control measures are in place to ensure your project remains on budget and on time? Does the builder have a purchase/work order system and job cost accounting variance reporting? Did the builder communicate regularly with each client on each project relative to schedules, materials selection and cost savings or overruns? Did the project stay on schedule? How well did the builder manage its job sites? All of these are questions relative to responsibility, professionalism, efficiency and ability. Closing and Warranties: Was the home completed as planned and scheduled? Did the client receive a comprehensive orientation process prior to closing? Were all “punch list” items corrected prior to closing? Was the home sparkling clean and operational prior to closing? Did the builder provide and review the builders warranty program with each client? Did the builder respond to the client’s requests for service in a timely and thorough fashion? Final Steps: At the end of the interview process it should be obvious who the preferred builder will be for your home. Return to the chosen builder, communicate your preference and ask him/her to assist you in site selection, establishing a realistic budget, selecting an appropriate architect/designer and any other necessary team members for your project. It only makes sense to select a family builder in the same manner that you chose your personal physician, insurance agent, investment planner and other professionals you invest money with or trust your families future with. Let’s be realistic, you did not competitive bid who your pediatrician for your children would be. You chose someone who was recommended, has experience, continues their professional education and provides personal attention to you— someone you trust and are comfortable with. Over the many months of working with your builder in the design phase, preliminary budget phase, final specifications and construction drawings phase, final pricing, financing and start of construction you will appreciate the time you invested in advance and the focus and relationship you will receive in return for years to come. That’s sound investing!
Kim Nielsen 825-2347
Melissa driskell 964-1864
terrie doggett 415-0212
rhonda Neeley 560-3429 Not pictured:
Michael ray, 784-8488 Mark Baker, 689-5273
Mary Kennedy 750-7834
Brian patschke 565-5852
trudy Savage 965-5017
Sabrina Shaddix 466-1180
Mark Hoffman 785-3279
Shannon Smith 560-4590
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June 2008
Herb Sladek of Harrison-Pearson Associates, Quinn Palmer of JB Goodwin REALTORS, Daniel Cordoba, instructor, and Jennifer Entner of Texas American Title join Lynne HarrisonDavid and Dario David, both of JB Goodwin REALTORS, at an MCE course about using an IRA or 401(k) to buy real estate. the pics Purchase ine at L View or y lt in Rea m you see nline.co o e n li y lt a e .r w ww
Sarah Bright of DR Horton Homes shows Mike Siriboone of Avalar Real Estate the conat dominiums Scofield Villas, near Interstate 35 and Parmer Lane.
Joe “Condo Joe” Bryson, Linda Schulman of United Title of Texas and Betty Sieffert of Stanberry and Associates get ready to review styles from the 40s, 50s, 60s and 70s at the WCR Fashion Show and Networking Gala.
June 2008
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Pilot Don Arsenault, second from left, gets ready to lead Laura McMillan, Shelly Kelly and Michael Kelly, all of Avalar Real Estate, and Shaw Patterson of Copper Creek Custom Homes on a helicopter tour of homes. Shaw’s house was one of those on the aerial tour. View or Pu you see rchase the pics www.re in Realty Line a t altyline online.c om
Jay Pearce of Jay Pearce Real Estate and WCAoR president Gary Cocanougher of Avalar Real Estate line up for a day in the sun while at Cimarron Hills Country Club, site of the 19th annual Williamson County Association of REALTORS golf tournament. Steve Zbranek of Zbranek Custom Homes and HBA president Gary Henley enjoy the view from Rocco’s Grill, where the HBA’s Lakeway chapter held a recent meeting.
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June 2008
Wilshire Homes’ Brian Lott and his wife Linda enjoy dinner at the 2008 MAX Awards hosted by the Home Builders Association of Greater Austin.
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The National Association of R E A LT O R ’ S President-elect Charles McMillan, center, met with the Young Professionals Advisory Board in Washington D.C. Shannon Williams King of TriBella Realty, fifth from left, sits on the board.
Sherry Ecklen of Gavurnik Builders tells Betsy Pearce of Jay Pearce Real Estate about the 42 homesites that are available in Holly Street Village, a Georgetown community.
Realty Line of Austin
June 2008
COMMENTARY
Dogs and cats living together— mass hysteria By John McClellan • Supreme Lending Where is real estate headed? Why? “Dogs and cats living together—mass hysteria.” Lately this line from the movie “Ghostbusters” has been resonating in my mind—almost daily. Bill Murray’s character may have been speaking of the situational state of New York City during the movie, but in my mind his statement reflects the state of the mortgage business and the effects of the mortgage meltdown on the overall real estate market—the present market and the future market. The government continues to applaud itself for all its efforts to stimulate the housing market and to make it easier for borrowers to refinance their adjustable rate mortgages. While this makes for great headlines in an election year, truth be told, for all of their bloviating they have yet to pass any long-term, let alone meaningful, legislation. In fact, while the Congress puts forth bill after bill that never even makes it to the President’s desk, all the major mortgage banks are changing their guidelines on a weekly and sometimes daily basis. Most people think that Fannie Mae and Freddie Mac set the guidelines for conventional loans and that HUD sets the guidelines for government loans. While the essence of this statement is true, the reality is that there are many players in the market, each having guidelines that can change both the way a loan is underwritten and the determination of whether the loan can be approved at all. It all starts with Fannie Mae and Freddie Mac, the corporations backed by the federal government that set the general guidelines for the approval of conventional loans ($417,000 and less). Fannie Mae and Freddie Mac also have the automated underwriting systems that mortgage brokers and mortgage bankers use to determine whether a file is eligible for approval under their guidelines. Now, here is where it gets a little confusing: Just because a prospective home buyer has an automated approval from either a Fannie Mae or a Freddie Mac automated underwriter does not mean he has an approved loan. Hang in here with me… Below Fannie Mae and Freddie Mac on the proverbial food chain are the large mortgage banks—banks like CITI, Chase, Wells Fargo, and Countrywide, to name a few. These banks also have their own filters, or underwriting guidelines. Just because Fannie or Freddie will approve a loan at a certain LTV or DTI doesn’t mean that the mortgage banks will either close or fund the loan. Remember, the money does not come directly from Fannie or Freddie; it comes from the bank. Okay, now that we have that straight, let’s throw another cog in the wheel and talk about MI—that’s right, mortgage insurance, that horrible cog that no one wants to have. Well, I have
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news for you: If you are putting less than 20 percent down in today’s lending climate, you will have to have mortgage insurance (MI). MI is insurance for you and the lender in case the loan goes into foreclosure and the bank cannot sell the collateral for the full amount owed. For example, if you put down 5 percent, the bank will require that you have 35 percent coverage in mortgage insurance, which means that the bank’s exposure is only 65 percent. You may be asking, “What does this have to do with the approval process?” Mortgage insurance companies also have their own underwriting guidelines, so, even if you have Fannie Mae approval and approval from the mortgage bank, you also must have mortgage insurance approval because without it your loan may be denied. On May 31, 2008, Fannie Mae rolled out its new underwriting engine, which is much harder on borrowers. As I reviewed Fannie Mae’s press releases about this new system, I found some interesting points, including this ominous quote: “Reduced Approve and/or EA recommendation rates.” We have already seen reduced rates of loan approvals. Will this new system be even more restrictive? Investors will be limited to a maximum of four properties financed at any one time, down from 10 financed properties. The required minimum credit score has been raised to 580, regardless of the amount of the down payment. So, if you have a credit score of 579 and want to buy a house with 80 percent down, you are out of luck. Fannie and Freddie have also put out tiered pricing models. If you have a credit score of 719 or lower, you will no longer qualify for the best interest rates. Moreover, 100 percent financing has been eliminated. Confused yet? Dogs and cats living together? Mass hysteria? You may be asking any or all of these questions: What does it all mean? What does it mean to the real estate market as a whole? What does it mean if I am buying a primary residence? What does it mean for real estate investors? Should I be worried? Real estate is based on the common law of supply and demand: When demand is high, prices will rise and supply will increase to meet the new demand. Right now we are moving into a strange market: Here in Central Texas the demand for housing is still high; unfortunately, though, there are fewer borrowers who now qualify for a home loan. We’ll have to wait to see how these changes will affect the real estate market as a whole. In the meantime, it means that more people will be renting, and those rents on homes and apartments will continue to rise. We’ll also see an increased number of homes for sale and a decreased demand for those homes as long as the stricter guidelines are in force. Although now is a great time to buy a home as an investment or as a primary residence, more and more people are being driven out of the buyer pool and into the rental pool by the stricter guidelines. Therefore, if you are either an investor looking to buy or a homebuyer wondering whether your timing is right, this may be the time… if you are qualified for the loan.
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June 2008
Diane Schouten of Ash Creek Homes, Raegan Remington of Homes ATX, Sheri Filding, interior designer, and Dick Peterson of Austin Energy discuss green building at a salad luncheon at the Arboretum Park subdivision.
Michael D’Ambrosio, Sung Cho and Scott Nicholson, all of Keller Williams Realty, head into the wild blue yonder to look at homes in Georgetown—via helicopter, as part of the Round Robin tour of homes.
David McMillan of United Lending/Real Estate Radio 1370 AM and Chris Ott of Keller Williams Realty wait for the rain to stop at Avery Ranch Golf Club, site of the annual AMBA golf tournament.
Realty Line of Austin
June 2008
ASSOCIATES IN PROGRESS
Hometrust Mortgage Company If you aren’t familiar with Hometrust Mortgage Company yet, you soon will be. The mortgage company’s primary goal for the 2008 is to expand into the Austin market with gusto. “We want to have a larger presence in the Austin area,” said Hometrust Mortgage Company Vice President Steve Builta, who is head of the Austin branch. “We are a Texas-based, Texas-owned company and we are making a commitment to the Austin market.” The commitment is backed by a company that closed 4,300 loans in 2007. The total volume of those loans was more than $700 million, a 25 percent jump from the previous year. The Houston-based mortgage company was founded in 1986, and has been doing business in Austin since 1992. With two branches in Austin, one in the northwest hills and another in Lakeway, Hometrust has 30 branch offices in four states. Hometrust employs 80 loan officers, 40 of which were hired in the last year. The Austin offices account for a small portion of those employees, but Builta says Hometrust is actively seeking career mortgage professionals to join the Austin team. “We are really just getting going. We will be growing consistently in the Austin area,” Builta said. “But we’re not going to be a training ground for new officers. We won’t grow if we don’t have the right people to join us.” Builta’s confidence is backed by 18 years of experience in the Austin mortgage market. Of the eight Austin employees, four have more than 20 years experience. It’s the industry experience and skill level Hometrust employees possess that Builta insists sets his company apart from the others.
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“The overall skill level is very high throughout the company. Operationally, this company really does have tools to work with that I’ve rarely seen in 20 years of experience,” Builta said. “There’s a lot of history to building an operational setup. It doesn’t happen overnight.” The operations that Builta speaks of are entirely in-house. From underwriting, to processing, closing and funding, it’s all covered under one roof at Hometrust. “We want to make sure that the transaction is very seamless to the customer.” Builta said. “That way we make sure the deal not only moves along quickly, but that there is also a high level of customer service along the way.” Hometrust’s expansion at a time when the mortgage industry is experiencing changes is easy to explain, the long-standing mortgage company is more likely to remain ahead of market shifts. “It’s a good time to add employees that are looking for companies with some stability,” Builta said. “There are a lot of mortgage companies that have had internal changes and that offers a good time for us to recruit the right experienced people that compliment our operation.” The right people, as well as a properly-negotiated array of up-todate mortgage products, are what have kept Hometrust profitable and growing. The mortgage company shows no sign of slowing in 2008, according to Builta the firm is on pace for growth similar to 2007. “For customers in search of a seamless transaction, combined with experienced guidance,” Builta said. “I’m convinced Hometrust is positioned to provide the tools necessary.”
“For customers in search of a seamless transaction, combined with experienced guidance... Hometrust is positioned to provide the tools necessary.”
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June 2008
Tiffany Stillwell, right, of the Patten Law Firm, welcomes Rick Sherwood of Sky Realty to Spotlight Austin, which provided real estate professionals with information about green building. The event was held at Arboretum Park, which is noted for its eco-friendly construction.
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Colleen Brady says see you later to anyone following her red BMW. She was attending Taboo Tuesday by DR Horton at Scofield Villas.
Congratulations to Guy Mehner! He was awarded a 2008 MAX Award for being the sales person of the year in the homes priced over $350,001. Guy is with Wilshire Homes.
June 2008
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Tommy Holmes of Independence Title and Steve Dietriek of Keller Williams Realty hit a few golf balls between raindrops at the AMBA golf tournament at Avery Ranch Golf Club.
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Wendy Garner of the Home Builders Association of Greater Austin and Melinda Carroll of First American Title keep everything in running order at the guest registration at the HBA’s Lakeway chapter meeting at Rocco’s Grill.
Ken Pfahler, Cindi McIntye, Shannon Salamore and Linda Bewers, all of Zip Realty, tour 10 model homes in Teravista as part of a REALTOR preview.
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June 2008
Dorie Dillard of Coldwell Banker United REALTORS and Lynn Bates of AmeriPoint Title enjoy treats at the WCR Fashion Show and Networking Gala at Balcones Country Club.
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Betty Epperson, a REALTOR with Gavurnik Builders, knows how to advertise her business everywhere she travels.
Van Davison of Davison Real Estate and David Davidson of RE/MAX Heart of Texas find a cool spot and something to eat at Spotlight Austin, a program about green building the Patten Law Firm hosted at Arboretum Park.
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June 2008
It’s official. Connie Smith, incoming president, takes over the gavel from Julianna Brock as Julianna installs the 2008-2009 executive board for the NAPMW.
Enjoying REALTOR Day at the HBA’s Parade of Homes are Meta Rosen, Susan Patterson, Laurel Lee Hale and Marjorie McClain, all of Keller Williams Realty.
Bill Kelly of Wilshire Homes shows Karen Choate and Jerel Choate, both of Coldwell Banker United REALTORS, the features in the model in Teravista. Ten model homes were open for the event.
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June 2008
The BACK PAGE
John Horton and Susan Horton of Realty World, John Horton & Associates enjoy the ABoR Foundation’s first annual Lake Austin Boat Cruise.
Charlie Hensen of Highland Lakes Real Estate/Kellywood Estates shows Michelle Solsbery of Capital City Sotheby’s International Realty how outdoor living is easy at this entry in the HBA’s Parade of Homes.
Representatives from Reytex Homes welcome REALTORS to Bunton Creek. From left: Kim Loeffler of New Home Locators, Anthony Martinez of Reytex Homes, Greg Young of Home Resource Group, Titha Oden of Reytex Homes, Tommy Chapman of Keller Williams Realty and Ted Berg of Reytex Homes.
Women’s Council of REALTORS president Linda Hall takes center stage with youngsters during the children’s apparel portion of the organization’s Fashion Show and Networking Gala at Balcones Country Club.
Kevin Morales of Portrait Homes hosts New Home Locators for lunch and a preview of City Side, the company’s newest town home community.
National NAHREP president Felix de Herrera, left, and Austin NAHREP president Victor Montalvo, right, welcome Charles McMillan, incoming NAR chair, to speak at the monthly meeting at Holiday Inn Town Lake.
Steve Builta of Hometrust Mortgage and John McClellan of Supreme Lending get ready to check out the fairways at the Austin Mortgage Bankers Association’s annual golf tournament held at the Avery Ranch Golf Club.
Matt Stillwell of Stillwell Insurance joins wife Tiffany Stillwell and Allison Ullrich, both of the Patten Law Firm, at the lovely lakefront homes in Rough Hollow that were featured properties in the HBA’s Parade of Homes.
Sandy Nelson of JB Goodwin REALTORS looks at more than houses at the HBA’s Parade of Homes in Rough Hollow.