Realty Line March 2018 Issue by RealtyLine

in this issue…

Putting a Face on Real Estate since 1995™

• HBA 2018 Housing Forecast • Stewart Title By the Numbers Economic Outlook • Texas National Title Market Update • & Much, Much More!

IT'S EASY TO ENTER TO WIN!

Hooper Flip 12 Cooler

MARCH 2018 • VOLUME 22 • ISSUE 11

Just Like us on Facebook by May 24, 2018

Submit a review on our FB page for 2 chances to win! Winner will be drawn on 05/25/2018

Housing advocates say Austin's city staff aren't listening; CodeNEXT Draft 3 way off mark By Riki Markowitz

Visit us online 24/7 at www.myRealtyLine.com

P. O. Box 81366, Austin, Texas 78708

austin

Putting a Face on Real Estate since 1995

Printed on recycled paper.

Presorted Standard U.S. Postage PAID Austin, Texas Paid Permit #715

or Austin’s affordable housing advocates, February 12th wasn’t the greatest day. That’s when the city released Draft 3 of CodeNEXT. This most recent version of the land development code was supposed to be presented for review back in November. But rather than unveiling the latest and final version on the originally scheduled day – including all the changes suggested by the public, housing

advocates, and planning commissions – the city manager’s office released a memo, “Subject: CodeNEXT Update – Revised Timeline.” It was difficult to gauge if the postponement was a good sign or a bad sign. It depends on whom you asked. Draft 3 was finally released a few weeks ago. For anyone working to increase income-restricted housing stock, it was an extraordinary disappointment. It’s also the last draft. There’s only one chance left to get CodeNEXT right. The only problem with the document is that it doesn’t achieve any of the goals advocates have for reducing the housing affordability crisis. City leaders are worried. After incorporating comments and suggestions for Draft 2, everyone hoped the controversies would be addressed. Even Mayor Steve Adler said in his February 20th State of the City address that version 3 is only “closer” to a solution that everyone will be happy with. The latest draft of the land code relies on heavy development in some neighborhoods and too little in others. Homeowners are worried about gentrification and some city council representatives are asking why their districts will see so much new development and congestion (primarily East Austin) while there will be so little in other zip codes (primarily the west side). One thing everyone agrees on, though, is that Austin

Featured Event Mar. 29, 6 p.m. HBA/PT50/Travisso 2018 Parade of Homes The Big Reveal Party

the BIG YOU’RE INVITED

REVEAL

An unveiling event for the 2018 HBA of Greater Austin Parade of Homes™ at Travisso Meet the builders, see the renderings and learn the exciting vision.

March 29th Fairmont Austin from 6-8 pm

Enjoy hors d’oeuvres, spirits, music, entertainment and a grand prize giveaway!

RSVP at myrealtylineaustin. com/event-directory/ unveiling-party/

is stuck in a housing affordability crisis. It’s not all bad news. The revised regulations do call for coding and permit leniency on accessory dwelling units (ADUs), such as garage homes and backyard “granny” flats. Reduced restrictions on ADUs are certainly a step in the right direction for those worried about compromising Austin’s character. Even for good news, there’s rebuttal: “Austin doesn’t have a neighborhood character crisis. We have an affordable housing crisis,” says Wayne Gerami, Habitat for Humanity (HFH) vice president of client services. Gerami goes on to say, “to move the needle and do something about the affordability mess, Austin needs more types of housing in more parts of the city.” If the bad press surrounding the release of Draft 3 sounds intense, that’s because it is. Gerami says CodeNEXT a “once-in-a-generation opportunity.” When the land development code passes, it will be in place for decades to come. In his speech, Adler said that managing Austin’s growth while also preserving “the spirit and soul of our city will be difficult, if not impossible, if we don’t get CodeNEXT done right.” One of the biggest points of contention for housing advocates is that earlier in the process, consultants for the city proposed scenarios that would allow for some 18,000 new affordable units, which is much less than the 60,000 units

Changes Wanted by Evolve Austin • Allows more housing of all types to be built in more parts of town. • Maximizes affordable housing production • Unleashes the corridors so that more people of all incomes can live near robust transit without the financial burden of owning a car. • Creates appropriate transition zones near major corridors so that more people can live in our neighborhoods and can do so more affordably. • Offers affordable housing incentives that better align with the cost of building income-restricted housing so that Austin can leverage more private dollars to fill big public funding gaps for income-restricted units. • Streamlines the review and permitting process and reduces red tape so that housing can be built faster and for less. • Reduces the cost of building housing so that public, private and non-profit housing dollars can go further to address our community’s growing need. Who is Evolve Austin? A non-profit that unites partner organizations that leverage the resources to guide the city toward positive, inclusive change and the implementation of the Imagine Austin comprehensive plan.

Front Page: Continued on page 28

Features of the Month Column: ABoR—CodeNEXT: The Key to a More Diverse Austin. . . . . . . . . . . . . . . . . .pg. 3 Column: WCREALTORS—Ready, Set, Sell!. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .pg. 7 Column: HBA—A Flexible Land Development Code is Needed to Tackle Affordability Crisis. . . pg. 15 Column: Women's Council—CodeNEXT: What is That? . . . . . . . . . . . . . . . . . . . . . pg. 18 Column: RRC—CodeNEXT Will Impact Our Lives for Decades to Come, Get Involved!. . . . pg. 20. Expert Commentary: Financing a Fixer Upper. . . . . . . . . . . . . . . . . . . . . . . . . . pg. 22 Associates in Progress: Capsa Ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg. 25 Associates in Progress: StarPointe Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg. 26 Upcoming Events. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg. 33

March 2018 www.myRealtyLine.com

WISHES DO COME TRUE

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

The vibrant days of spring are here and the peak of the real estate season is upon us. It’s refreshing to know that you don’t have to go far to engage with a team that will lift your business to the next level. We may be the new face of Stewart at 183 North, but we’re veterans in our fields. Continuous exposure and support are essential to flourishing in today’s competitive market. Our well-rounded team of professionals will supplement your business by using the latest industry tools and strategies so that you and your customers arrive at the closing table beaming with delight. Our service is an extension of your business. We’re here to help you get the time, resources and peace of mind you need to grow into the future.

Left to right: Lisa Everly, Escrow Officer Susan Chambers, Escrow Officer Heather Struble, Sales Executive

Get the boost you need with us. Stewart Title of Austin, LLC 183 North – Oak Knoll 12515-8 Research Blvd., Ste. 120 Austin, TX 78759 512.795.8434 main 512.795.9062 fax stewart.com/austin

Putting a Face on Real Estate since 1995.™

austin

Austin Board of REALTORS®

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

President’s Column

want extra preparation before you take the

practice tests and convenient weekend classes.

By Steve Crorey • 2018 President

Broker’s exam, ABoR is here to help! The

It truly is the ultimate prep course! Registra-

Broker Licensing Exam Prep course is great

tion is open at bit.ly/ABoRPrepCourse for the

for those looking to grow in their career and

March 23–24 and May 18–19 course dates.

become a broker. In this course, you’ll learn

As always, if you have any questions on this

what you need to pass the exam and become a

or any matter, please feel free to email me di-

licensed broker! This course includes two days

rectly at president@abor.com, or follow me on

of comprehensive instruction, the option to

Facebook @2018ABoRPresident. Until next

retake classes for up to one year for free, six

time, have a great month! RL

CodeNEXT: The key to a more diverse Austin hile the city of Austin and the real estate industry have come a long way in advocating for diversity in population, variety in housing, and equity overall, there is still much work to be done. Almost 50 years ago, President Lyndon B. Johnson signed the Fair Housing Act into law, prohibiting discriminatory practices. As REALTORS, we must remain community advocates for all of those around us — no matter race, religion, sex, national origin, familial status, or disability. There is no perfect answer to fixing the city’s fair housing and affordability issues, but Austin’s existing Land Development Code (written nearly 30 years ago when Austin’s population was a third of what it is today), addresses critical issues such as diminishing natural resources, household affordability, and access to healthy lifestyles. While it does address such issues, the Land Development Code is in need of amendments and should allow for prospering development and increased density. The CodeNEXT process has

March 2018

EVENTS & EDUCATION:

MORE AT ABOR.COM

been a lengthy community conversation, but worthwhile in the end. I encourage you to subscribe for CodeNEXT updates, comment on the latest draft, and utilize other resources by visiting bit.ly/AustinCodeNEXT. If you want to dive a little deeper on the history of Fair Housing and what it means to REALTORS today, be sure to register for the ABoR Academy course Fair Housing: Here’s Where We Are at 10 a.m. on April 10 at ABoR HQ. This course is an in-depth look at the Federal Fair Housing Act and its provisions that pertain to the real estate profession. Whether engaged in listing, sales, leasing or property management, the course explores the areas of law related to the Fair Housing Act applicable to the day-to-date encounters of the real estate agent and potential impact on real estate transactions. You can register at ABoR. com/Calendar.

Events

Make career moves in 2018 with ABoR’s help

April 9: Know Your Code Articles 10, 11, & 13 – ABoR HQ (TREC# 29852)

Whether you have testing anxiety or just

March 30: ABoR Offices Closed – Good Friday April 4: Board of Directors Meeting at ABoR HQ

Education March 27: The Essentials of Residential Leasing – ABoR HQ (TREC# 30980) March 28: Marketing and Leasing Residential Properties – ABoR HQ (TREC# 30981) March 28: The TAR Residential Lease Agreement – ABoR HQ (TREC# March 29: Your Safety is Your Business – ABoR South (No CE) March 29: Fight Texas Tax Appraisal & Win – ABoR South (TREC# 32315) March 29: 1031 Tax Deferred Exchange – Beyond Basics – ABoR HQ (TREC# 30518) April 3: GRI Real Estate Marketing (4-day class): REALTOR® Safety – ABoR HQ April 4: Know Your Real Estate Contracts – ABoR South (TREC# Pending) April 5: Intro to 1031 Exchange – ABoR HQ (TREC# 33167) April 9: TREC Legal Update I – ABoR North in Cedar Park (TREC# 33197)

March 2018 www.myRealtyLine.com

austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

Legacy International Resort Properties and Legend Communities breaks ground on Rough Hollow's newest neighborhood, Westside Landing where a limited number of lake homes will be available starting in the $600s. Pictured left to right are Cass Brewer, Haythem Dawlett, Philip Jalufka, Mandy Meyer and Lakeway Mayor Joe Bain. Download Photo: RL_011218_P.jpg at www.myrealtyline.com

North American Title's "Thrive for Five" event brings REALTORS together to share listings — a great way to network, find buyers and get advice from fellow colleagues. Pictured here are Bill Stegeman of Better Homes & Gardens Bradfield Properties, Stacye Blake of Landmark Home Warranty and Charles Nehme of JP & Associates REALTORS. Download Photo: RL_020218_A.jpg at www.myrealtyline.com

Nicole Torres-Cooke, third from left, teaches REALTORS the ins and outs of social media marketing on Facebook, Twitter and Linked In at KB Home's model in Pioneer Pointe in Round Rock.

Download Photo: RL_030518_B.jpg at www.myrealtyline.com

Stewart Title presents information on tax reform and how that will impact REALTORS and the market at its "By the Numbers 123" economic outlook program where Tom Amiss of Keller Williams Realty and Tony Trungale of PNC Bank get the details.

Download Photo: RL_020918_A.jpg at www.myrealtyline.com

VOTED BEST PLACES TO WORK 2017 AUSTIN BUSINESS JOURNAL

AUSTIN IS GROWING AND SO ARE WE!

Meet Our 2018 Escrow & Sales Team

AUSTIN

CORPORATE OFFICE S. Mopac 1501 S. Mopac, Suite 130 Austin, Texas 78746

512.480.8353

Michele Joy Stokes Vannostran Escrow Officer Business Development

Jennifer Pedersen

Escrow Officer

Debbie Peek

Escrow Escrow Officer Officer

Dana Bateman

Escrow Officer

Susan Outon

Escrow Officer

Jennifer Pospisil

Escrow Officer

Miguel Michelle Benavides Peterson Business Development

Business Development

www.chicagotitleaustin.com

CLOSE SMARTER. CLOSE WITH CONFIDENCE. 9 LOCATIONS TO SERVE YOU • PROTECTING YOUR HOME & COMMERCIAL REAL ESTATE INVESTMENTS SINCE 1847

Cindie Brooks

Business Development

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

Stagecoach Crossing in Kyle • 1,491–3,475 sq ft, 3–6 bdrms, 2–4 baths • shopping nearby at Kyle Crossing, The Village at Kyle and Kyle Marketplace • community park and walking paths

NEW NEIGHBORHOOD

COMING SOON

S. Old Stagecoach Rd. and W. Center St., Kyle, TX 78640 From IH-35, exit W. Center St./RM-150 heading west. Turn left on S. Old Stagecoach Rd. to community entrance on the left. (888) 524-6637

888-KB-HOMES | kbhome.com

WE’RE BREAKING NEW GROUND

You’re first to know about Stagecoach Crossing. It may not look like much, but soon, this will be a new neighborhood, with tree-lined streets, great homes and neighbors just like you.

Your Needs. Your Wants. Your Satisfaction. THAT’S

KB Value

Broker Cooperation Welcome. ©2018 KB Home (KBH). No affiliation or sponsorship is intended or implied with Kyle Crossing, The Village at Kyle or Kyle Marketplace, and all trademarks are owned by the respective trademark owners. Plans, pricing, financing, terms, availability and specifications subject to change/prior sale without notice and may vary by neighborhood, lot location and home series. Buyer responsible for all taxes, insurance and other fees. Sq. footage is approximate. HOA applies. ARTIST’S CONCEPTION: Illustration may depict upgraded landscaping/options and may not represent lowest-priced homes. See sales counselor for details. AUS-169107

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Susan and John Horton of John Horton Realty attend the HBA Housing Forecast to get a comprehensive view of the housing market. They heard from experts on the world and national economic factors in the market, consumer preference trends and local factors impacting supply.

Download Photo: RL_011518_F.jpg at www.myrealtyline.com

Cindy Mitchell, right, of DR Horton, America's Builder welcomes Herb and Harmony Agapetus, both of Coldwell Banker United, REALTORS, to the company's 2018 VIP Real Estate Luncheon where the company gave away big door prizes including a refrigerator, big YETI coolers and cash.

3 4 5

Download Photo: RL_020318_C.jpg at www.myrealtyline.com

Receive a 3% commission on your first closing.

Receive a 1% bonus in addition to your 3% commission on your second closing!*

Receive a 2% bonus in addition to your 3% commission on your third and subsequent closings!*

Download Photo: RL_031218_A.jpg at www.myrealtyline.com

Keys to a new office can put you on the right track, especially if it is to JP & Associates REALTORS, one of the top 100 brokerages in the nation with $1.8 billion in sales in 2017. Kim Wilson shows off a few she keys she still gets to deliver at the grand opening of the Austin office.

Get that Felder Feeling when you sell a new Scott Felder Home! With the Scott Felder Homes 2018 Realtor Loyalty Program, your buyers will quickly embrace our “Choose It. Love It. Live It.” promotion that allows them to enjoy the best we have to offer. CHOOSE from a variety of excellent new home locations and prices. LOVE all our award-winning home designs and interior options. And they LIVE in a home built just for them that will provide value for years to come.

C H O O SE I T. L O V E I T. L I V E I T.

ScottFelderHomes.com New homes from the $200s-$600s

*All qualified sales must be original Scott Felder Homes (“SFH”) contracts written between January 1, 2018 and November 30, 2018. Sell ONE home and you’re enrolled in SFH’s Co-Broker Loyalty Program! Sell TWO homes between 1/1/18 and 11/30/18 and qualify for a 1% bonus on your 2nd SFH closing. Sell THREE homes between 1/1/18 and 11/30/18 and qualify for a 2% bonus, entitling you to a 5% total commission on your third, and all subsequent closings for the remainder of 2018! Bonus Percentage will be dictated by order of closing: 3% upon first closing, 4% upon 2nd closing, and 5% upon third closing and thereafter between 1/1/2018 and 12/31/2018. All bonuses will be noted on the Closing Disclosure (“CD”) and will be paid at closing. Payments of commissions and bonuses will only be made to actively licensed Texas Brokers. Broker’s commission cannot be used to reduce the price of the home and is only valid if Broker accompanies and registers its client on the first visit to any SFH Austin Division Community during the bonus promotion period AND Broker’s client enters into a new sales agreement for an eligible available home during the bonus promotion period. Bonus paid to Broker upon client’s successful closing and funding and is based on the ORIGINAL contract price as stated in the Sales Agreement, excluding any Seller incentives, subsequent change orders, re-writes, or upgrades. While commission bonuses cannot be used to reduce sales price, Broker may elect to waive participation in the 3%-4%-5% bonus program and apply its Broker bonus, in all or part, towards purchaser’s closing costs. May not be combined with any other Broker bonuses or offers. No team sales: only individual selling agent may qualify. Broker is responsible for all applicable taxes. Please see a SFH Sales Associate for complete details.

Putting a Face on Real Estate since 1995.™

austin

Williamson County Assoc. of REALTORS®

Putting a Face on Real Estate since 1995

President’s Column By Victoria Reviel • 2018 President

Ready, set, sell!

pring marks the beginning of the busiest home-selling and home-buying season in Central Texas. With the warmer temperatures and longer days, some sellers have pressing needs to sell and buyers are also more likely to shop for homes during the hot summer months. So, the question is… are you ready?

Here are a few tips for 2018 selling season: Have a Business Plan: November is the best time of year to get your “plan of attack” together for the upcoming year. Don’t worry if you missed it. Get one together now! First, know what your income needs to be. Once you have that number you will know how many homes you will have to sell to achieve that figure. You will also break down the number and determine how many listings you will need to acquire and/or how many buyers you will need to turn into a closed transaction. Next, you will plan your day, month, and quarter prospecting and marketing tasks. Sphere of Influence: Make sure all your

family, extended family, friends, children’s coaches, teachers, doctors, dentists, hair stylists, manicurist, neighbors, etc. know you are a REALTOR, know your contact information and know what areas you specialize. They should all have your business cards and know to give them out to anyone interested in buying or selling property. The good news is your sphere of influence is constantly meeting new people, so your sphere is always expanding! Networking: Let's face it, you need to get out and meet people. There is no getting around that fact! Plan events that you enjoy doing and where you have the opportunity to make many new contacts or one where you can meet a few strategic people. When attending a networking event, the goal shouldn't be to meet everyone in the room and collect business cards. Spend quality time visiting with several people and really get to know them. Once you feel you have established a connection, ask for their business card and then send them a note or email to follow-up with them. Adding them to your database will feel

MY WHY? i

www.myRealtyLine.com

March 2018

more genuine if you have made an authentic connection. Social Media: 175 million people log into Facebook every day! You must have some type of web presence, whether it be Facebook, Instagram, LinkedIn, or even your personal or brokerage website. Plan out your daily, weekly or monthly posts about real estate in Williamson County (or the area you market), info about you, your listings, your brokerage listings, buyer topics, seller topics and area information. Be engaging in your posts and have a call to action so that there is a need for the public to contact you. Past Clients: Make sure you get a recom-

mendation from your past clients right after the sale while it’s fresh on their mind and post it to your social media sites. Snap a photo of the happy client at the title company or in the front yard with a sold sign to use in your marketing. And for goodness sake have a good contact management system that keeps in touch with them…remember out of sight, out of mind! Get Educated: A few of our contracts have changed recently, so keep up to date with changes and industry news. WCREALTORS has many classes for you to take so you can stay informed. RL

Event & Education Schedule

March

19th Make Your Open House a Hit

April

20th Lunch & Learn – Wills & Trusts

3rd

Lunch & Learn – Probate Guardianship

21st

4th

Intro to Matrix

6th

Legal Update I

Sellers Representative Specialist (SRS)

22nd Farming with Realist 23rd Eviction Basics 27th Lunch & Learn – Assets & LLCs 27th TREPAC – Pints & Politics 28th GoMLS 28th Business Planning for REALTORS

10th VLB & VA Home Loans 11th RPR Mobile App 11th Open House with RPR 12th 2018 All Star Builder’s Fair 16th What to Expect During Your Inspection

29th zipForm Plus 3

Find your why at joinremax.com

I believe symbols are powerful. Take the RE/MAX

It represents ambition that moves likelike a I balloon. see my goals as inevitable triumphs. Because, freight train. And when peopleI see it, let they see me. the diehard agents at RE/MAX, don’t anything stand in them my way. setbacks. Not surprises. Not Telling I goNot nonstop. Because I do. even myself. This is my tribe.

WhyRE/MAX? RE/MAX?The Theculture brandis ismymywhy. why. Why ©2018 RE/MAX, LLC. Each office is independently owned and operated. 18_255845 ©2018 RE/MAX, LLC. Each office is independently owned and operated. 17_238400

Find your why at joinremax.com

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.â&#x201E;˘

Clark Wilson of Clark Wilson Homes, Ellen Outlaw of Reilly REALTORS, and David Tandy of Texas National Title are ready to hear what economic, real estate and consumer trend experts have to say at the HBA Housing Forecast. Knowledge is power! Download Photo: RL_030418_E.jpg at www.myrealtyline.com

A good way to build your career is to get involved at your association. Erica Henderson of RE/MAX Associates Group and John Mac Laughlin of RussPhillipi Team attended the WCREALTORS New Member Orientation to learn more about the Board. Download Photo: RL_030918_B.jpg at www.myrealtyline.com

Jim Smith of The Property Management Co. thinks he's going to play a game of musical chairs with Memo Vargas of Keller Williams Realty, but he's not having it! Miriam Moorman of JP & Associates REALTORS says "boys will be boys," as she holds on to her chair at the North American Title Thrive for Five networking event.

Download Photo: RL_031018_D.jpg at www.myrealtyline.com

Download Photo: RL_020218_B.jpg at www.myrealtyline.com

Cass Brewer and Philip Jalufka, both of Legacy International Resort Properties, celebrate the groundbreaking of Westlanding, Rough Hollow's newest lakeside neighborhood. Homes in this neighborhood are farmhouse style and start in the $600s.

Putting a Face on Real Estate since 1995.™

austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

Stop By & Check It Out! Austin Title has tons of NEW and UPDATED Marketing Materials! Contact your Business Development Rep or check out our website at www.austintitle.com to find out how these can enhance your business plan.

Austin Transportation Guide

2018 Realtor Business Plan

2018 WWW.AUSTINTITLE.COM

Summer Camp Guide

HOME BUYERS & SELLERS GUIDE

WWW.AUSTINTITLE.COM

Austin Accolades 2018

www.austintitle.com

austinREAL ESTATEguide

10 Home Trends

to Watch in 2018 Business

By Megan McDonough of the Washington Post

1. More color in kitchens: Although white will always

be a classic color for kitchen design, homeowners are shying away from bland hues and injecting rich colors, such as warm wood tones (example: mahogany) and neutrals (example: grays and blues), into the space to give it a warm, fresh and unique feel. Social sites such as Instagram, Pinterest and Houzz have exposed homeowners to “what’s possible, what looks fun and what they can personalize themselves,” Parker said, and have encouraged them to be bigger risk-takers when it comes to color.

2. Rich colors throughout the home: Warm grays

paired with “camel, rust, tobacco and brown-blacks,” as well as earthy reds and yellows, are expected to edge out cooler neutrals in the coming year. “These rich colors are not like the avocado green and mustard colors from the 1970s. They won’t date quickly,” Parker said. “They are rich, moody and work well where you want a soothing and diverse mix of colors and textures.”

3. No more white or stainless steel sinks: The

modern Farmhouse style will continue to flourish in 2018 and spread to the bathroom. Parker predicts that there will be “more concrete, stone, copper and granite composite sinks in darker hues of gray, bronze or black.” The rustic home décor trend is “waking people up to trying something new and different,” Parker said.

4. Florals: The tropical palm print may have

6. Trough or bucket sinks: Another sign the

modern Farmhouse trend isn’t dying in 2018: Houzz predicts that deep, wide and durable trough and bucket sinks will continue to be popular in the new year. These long, narrow and low-maintenance sinks can help create a rustic aesthetic and maximize minimal space.

7. Concrete accents: Step aside, white marble — it’s concrete’s time to steal the spotlight.

Already used for floors and countertops, the versatile, accessible material is now being utilized in more interesting and unexpected ways, including in home accessories, such as pendant lighting and furniture.

Lifestyle

• Austin is the Best Place for Veterans to Live. WALLETHUB, November 2017 • Austin is one of the Top 10 Foodie Cities in America. WALLETHUB, October 2017 • Austin ranks 5th overall and 1st for talent according to Innovation that Matters study examining the health of startup communities in 25 leading innovation centers across the U.S. U.S. CHAMBER OF COMMERCE, October 2017 • Austin is the 9th Most Prosperous of the Country’s 100 Largest Cities and no Austin zip codes are classified as economically distressed according to the Distressed Communities Index. ECONOMIC INNOVATION GROUP, September 2017 • Texas is the nation’s 2nd Most Diverse State based on 5 dimensions of diversity. WALLETHUB, September 2017 • Austin ranks 6th for African-American and Hispanic median household income among the 53 metros with 1+ million population, while ranking 12th overall. NEWGEOGRAPHY, September 2017 • Austin is No. 7 on ranking of the Most Popular Moving Destinations. UNITED VAN LINES, September 2017 Austin is one of the 10 Best Places to Retire. WALLETHUB, July 2017 • Austin is No. 6 on Best Big Cities to Live In ranking. WALLETHUB, July 2017 • Austin is the 3rd Best City for Gamers based on gamer & developer opportunities, internet quality & coverage, and gaming environment. WALLETHUB, June 2017 • Austin is one of the Top 10 Most Diverse Large Cities in America. WALLETHUB, May 2017 • Austin is the No. 1 U.S. city on global ranking of the 100 Best Cities for Millennials based on measures representing business ecosystem, affordability, openness, and recreation. NESTPICK, April 2017 • Austin is 2nd for Growth & 12th for Prosperity & for Inclusion in 2017 Metro Monitor Index of Inclusive Economic Growth in the 100 largest U.S. metros. BROOKINGS INSTITUTION, March 2017

Lorem ipsum

8. Millwork feature walls and detailing: The ease and availability of millwork has helped increase its demand and popularity in the design world. “Before, if you wanted to find millwork or reclaimed wood, you really had to know where to go and find somebody who was good at working with it,” Parker said. “Now, you can DIY it, and put it right against the drywall behind your bed to create a feature wall.” 9. Wallpaper-like back-splash: Looking to refresh your kitchen or bathroom? Stay away from subway or hexagon tiles and instead consider contemporary tiles that look like wood, concrete, resin, fabric or even wallpaper.

5. Vintage lighting: Vintage light fixtures, including sconces, lanterns, pendants and chandeliers, are making a comeback as crafty home do-it-yourselfers outfit retro fixtures with new technology.

10. Casual and calm modern bedrooms:

WWW.AUSTINTITLE.COM

Austin has the No. 2 best performing metro economy according to the annual ACBJ Economic Index. AMERICAN CITY BUSINESS JOURNALS, October 2017 • Austin is No. 11 on ranking of metros for investment in venture capital-backed startups & No. 9 for per capita investment. CITYLAB, October 2017 • Austin’s economy is the nation’s fastest growing among large cities (population over 300,000). WALLETHUB, October 2017 • Texas is the Most Favorable Business Climate for the 7th consecutive year according to survey of U.S. c-suite executives. DEVELOPMENT COUNSELLORS INTERNATIONAL, September 2017 • Texas has the nation’s Best Corporate Tax Environment according to annual survey of site selectors. AREA DEVELOPMENT, September 2017 • Austin is one of the Top 10 Fastest Growing Metro Economies of 2016. VALANCHE CONSULTING, July 2017 • Austin is No. 2 on annual Kauffman Foundation Startup Activity Index. KAUFFMAN FOUNDATION, May 2018 • Austin is the 3rd Best City to Start a Career. WALLETHUB, May 2017 • Austin is one of only 4 metros Achieving Inclusive Economic Growth. BROOKINGS INSTITUTION, April 2017 • Austin is No. 3 on America’s Top Small Business City in 2017 ranking. BIZ2CREDIT, April 2017 • Austin is No. 6 on Metro Startup Economy Index. TECHNET, March 2017 • Austin is the 11th most attractive metro for real estate investment in the Americas according to CBRE’s 2017 Global Investor Intentions Survey. CBRE, March 2017 • Austin ranks as the 5th best city Where Companies Thrive. AMERICAN CITY BUSINESS JOURNALS, February 2017 • Austin is one of America’s 20 Hardest Working Cities. WALLETHUB, February 2017 • Austin will be the Best Performing Large Metro Economy through 2021.U.S. CONFERENCE OF MAYORS, January 2017 • Austin’s office leasing market tops Newmark Grubb Knight Frank Momentum Index ranking of metro markets with 1M+ population. DEVELOPMENT, January 2017

they add to rooms,” designer and “Today” show style expert Elizabeth Mayhew wrote in the Washington Post. “Online shopping platforms such as 1stDibs, Etsy and One Kings Lane have made it easy to find everything from an early-20th-century French crystal chandelier to a ’60s Sputnik.”

flooded your Instagram feeds this year, but people aren’t yet tired of eye-catching, oversized graphic florals. Houzz expects even more interpretations of over-scaled floral patterns, in high-contrast colors, in the new year.

“I appreciate the distinctive, one-of-a-kind quality

austin

ENTERTAINMENT

Homeowners are running with the “less is more” notion in the master bedroom and opting for more modern and minimalist furnishings. Instead of bold, busy colors, soothing, neutral color palettes are expected to reign, along with soft fabrics and simple furniture pieces.

2013-2017

and Things to Do

Market Comparison Charts

WWW.AUSTINTITLE.COM

While you were thinking about your annual resolutions, the design world was setting its sights on what styles will be big in 2018. The home remodeling and design platform Houzz is ahead of the game, having recently released its top 10 home-design-trend predictions for the new year.

BUSINESS 10 Home Trends DEVELOPMENT

Roxanne Ford

Leslie Linder

Senior VP/ Director of Business Development roxanne.ford@austintitle.com 512.771.1195 Mobile

AVP/Business Development leslie.linder@austintitle.com 512.415.6706 Mobile

Becky Hopkins

Jenny Newman

AVP/Business Development becky.hopkins@austintitle.com 512.656.7095 Mobile

AVP/Business Development jenny.newman@austintitle.com 512.426.7865 Mobile

Cheryl Scully

Chris Kemp

Pam Carroll AVP/Business Development pamela.carroll@austintitle.com 214.738.9888 Mobile

John Lockhart

AVP/Business Development cheryl.scully@austintitle.com 512.632.5136 Mobile

Commercial Business Development chris.kemp@austintitle.com 512.317.3441 Mobile

Business Development john.lockhart@austintitle.com 512.589.5646 Mobile

Felisha Cockran

Jim Barringer

Chera Carthrae Johnson

Business Development felisha.cockran@austintitle.com 936.371.3161 Mobile

Business Development jim.barringer@austintitle.com 512.965.9210 Mobile

Austin

Transpo Gui

Business Development chera@austintitle.com 512.574.6310 Mobile

www.austintitle.com

WWW.AUSTI

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

15×30 EDUCATION SYMPOSIUM

10 AGENTS PRESENTING 15 SLIDES

THAT AUTO ADVANCES EVERY 30 SECONDS PRESENTED BY LEGACY MUTUAL MORTGAGE AND TOTAL PRO FLOORING Download Photo: RL_030818_D.jpg at www.myrealtyline.com

FRI, MAR 23 • 9:00-11:00AM

Carol Chafin of C-21 Summit Realty and Karen McCarty of Keller Williams Realty learn about current trends at the Williamson County Economic Update event hosted by Independence Title.

AT RENAISSANCE AUSTIN HOTEL

9721 ARBORETUM BOULEVARD, AUSTIN, TX 78759

BREAKFAST AND REGISTRATION STARTS AT 8:45

REGISTER TODAY! TICKETS $20 REGISTER AT 15X30.EVENTBRITE.COM OR PT50AUSTIN.COM Ticket price includes breakfast, parking and prizes

Download Photo: RL_021018_C.jpg at www.myrealtyline.com

What's the one thing that will get a REALTOR's attention? CASH! DR Horton gives REALTORS the opportunity to grab as much of the green as they can at its 2018 VIP REALTOR lunch at the Renaissance Hotel.

Download Photo: RL_030318_A.jpg at www.myrealtyline.com

Kristin Wood and Michele Sherwood, both of Keller Williams Realty, are headed out to "Sip & Stroll" with WCREALTORS and Capital Title in Georgetown Square to raise money for TREPAC.

Putting a Face on Real Estate since 1995.™

austin

Putting a Face on Real Estate since 1995

Download Photo: RL_011218_BA.jpg at www.myrealtyline.com

Nicole Espinosa and Measha Montoya, both of JP & Associates REALTORS, celebrate the grand opening of the Austin office. Nicole was recognized for her top team. JP & Associates prides itself for its mentorship training that helps create top producers and leaders in the real estate industry.

2 MODELS NOW OPEN!

CALL TO SET UP AN OFFICE TOUR of our high tech, interactive Whisper Valley Discovery Center and learn about our

Move-In Ready Homes NOW AVAILABLE In East Austin’s Newest Master-Planned Community From the Low $200s to $400s

WhisperValleyAustin.com

CERTIFIED HOMES A Taurus Master-Planned Community www.tiholdings.com

amenities and an organic farm meals ready-to-cook to your door. Now that’s eating local!

290

AUSTIN

973

700 acres of parks, great program that delivers delicious

AVI HOMES • PACESETTER HOMES 35

zero energy capable homes,

130

✪

BRAKER LN.

512-710-3799 9400 Petrichor Blvd. Whisper Valley, TX 78653

www.myRealtyLine.com

March 2018

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

McClellan Region

Appraisal SEMINAR

Download Photo: RL_031018_B.jpg at www.myrealtyline.com

Philip Jalufka of Legacy International Resort Properties celebrates the grand opening of Rough Hollow's newest neighborhood, Westside Landing, with strategic partners like Mike McCoy of Mission Mortgage. Homes in this section of Rough Hollow start in the mid $600s.

Wednesday, April 11 Learn More about: Effective communication with appraisers Understanding the appraisal process Valuation of the properties with uncommon features

Speaker: Bart Miller VP of Operations at My AMC

Download Photo: RL_021118_C.jpg at www.myrealtyline.com

11:00 - 12:00 Lunch to Follow

DHI Mortgage and DR Horton, America's Builder invite REALTORS out to the model in Westhaven in Georgetown for an MCE class. Pictured left to right are Paul Church of Dreams to Realty, Bryan Faircloth of Keller Williams Realty, Cindy Gerig of DR Horton, Kathrine Cook of DHI Mortgage, Cynthia Jackson of Central Metro Realty, Diana Weeks of Keller Williams Realty and Amy Warrick of Dreams to Realty.

RSVP TODAY RSVP TO: SHANNON.SMITH@SUPREMELENDING.COM 3520 Executive Center Dr., Suite 200 | Austin, TX 78731 | NMLS #292197

For industry professionals only. Distribution to the general public is prohibited© 2018 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org). Texas - SML Mortgage Banker Registration. Residential Mortgage Loan Originator.

Download Photo: RL_030418_F.jpg at www.myrealtyline.com EQUAL HOUSING

OPPORTUNITY

Successful real estate industry professionals make it a point to stay on top of the latest market trends so they can inform their clients! That's what helps makes ladies like Belinda Huerta of Keller Williams Realty and Lisa Altamirano of Texas National Title so good at their jobs! They both attended the HBA's Housing Forecast at the AT&T Center.

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

EARN MORE! BONUSES | REWARDS

LEANDER

NEW! EARN BONUSES ON MULTIPLE SALES WITH OUR EXTRA EARNINGS PROGRAM FOR AGENTS!* 1st Sale - 3% | 2nd Sale - 4% 3rd & All Subsequent Sales - 5% Earn bonuses on sales between 9/1/17–10/31/2018. All bonuses will be paid on the buyer’s Closing Disclosure at closing. See sales representative for details.

ADVANCES 50% Advance Commission Program†

No need to wait! Receive half of your commission before closing.

RELO REIMBURSEMENTS 100% Relocation Referral Fee Reimbursement‡ Get more flexibility negotiating domestic & global referral fees with Toll Brothers!

Toll Brothers at Sarita Valley 2 Move-In Ready Homes Available! From the mid-$400,000s • (512) 259-1110 Toll Brothers at Travisso New Home Sites in the New San Marino Village! Siena Collection 60-Ft.-Wide Home Sites From the low $400,000s • (512) 267-3615 Naples Collection 2 Move-In Ready Homes Available! 70-Ft.-Wide Home Sites From the upper $400,000s • (512) 267-3615 Florence Collection 4 Move-In Ready Homes Available! 80- to 100-Ft.-Wide Home Sites From the low $500,000s • (512) 832-6015 Toll Brothers at Mason Hills Coming Soon! From the mid-$300,000s • (855) 289-8656 DRIPPING SPRINGS Toll Brothers at Belterra The Executive Collection Coming Soon! 60-Ft.-Wide Home Sites From the $400,000s • (855) 289-8656 The Estate Collection Coming Soon! 70-Ft.-Wide Home Sites From the mid-$400,000s • (855) 289-8656

For more details on all communities & homes available for quick delivery, visit TollBrothers.com/RealtyLine Open Mon.– Sat. 10 am–6 pm, Sun. 12 pm–6 pm. Real estate agents are required to register and to accompany clients on their initial visit. Brokers Welcome. Prices subject to change without notice. Program subject to change or cancellation. Investor sales do not qualify. Other restrictions may apply. This is not an offering where prohibited by law. *Subject to employing broker’s approval. Extra Earnings Program for Agents valid on contracts signed between 9/1/17–10/31/18. Bonuses on third, and all subsequent sales are capped at 5%. See sales manager for details. In accordance with Texas Occupations Code Sec. 1101.651(d), all broker’s fees, including BTSAs, are payable to a real estate broker directly and not to a licensed salesperson. 1.5% of the 3% will be paid under the Advance Commission Program and the 1.5% balance will be paid after closing. All/Any additional bonuses earned will be paid at closing and accounted for on the buyer’s Closing Disclosure. †Advance Commission Program is valid on contracts signed after 11/1/16. ‡Relocation Referral Fee Reimbursement Program — eligible referrals must be from outside the Austin area.

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

DR Horton recognizes its top REALTORS at its 2018 VIP REALTOR luncheon. Pictured (not in order) are Danny Chen, Hoit Frierson, Paul Kudrle, Lucy Lang, Rocky Breon, Scott Wang, Sijo Vadakkan, Kiran Kamboj, Dat Le, Brad Brown, Kenn Renner and Andrew Clements. Download Photo: RL_020318_O.jpg at www.myrealtyline.com

Pablo Barios, right, of Stewart Title, is the man behind the scenes that makes the company stand out with his marketing and design skills. Charlotte Hair of Realty Austin said hello when she runs into him at the company's "By the Numbers 123" Economic Outlook event. Download Photo: RL_030518_D.jpg at www.myrealtyline.com

Melissa Peel of Home City Realty and Diane Franks of Independence Title wait to hear the economic outlook for Williamson County at the Independence Title forecast event at City Lights Georgetown.

Download Photo: RL_031118_C.jpg at www.myrealtyline.com

Download Photo: RL_030118_B.jpg at www.myrealtyline.com

Carrie Weikert, right, of Coldwell Banker United, REALTORS loves what Independence Title has done with their offices at The Tower of the Hills. Heather Gaddes of Independence Title shows her around. She say's it feels as though they are in brand new offices.

eth·i·cal ADJECTIVE/ ƏTHƏK(Ə)L/

1. relating to moral principles or the branch of knowledge dealing with these.

All clients surveyed at closing; 94% reported they would use Legacy Mutual Mortgage again, and 92.6% would refer us. VISIT ONE OF OUR CONVENIENT AUSTIN AREA LOCATIONS TODAY: NORTH: 10801 N. Mo-pac Expressway, Bldg. 2 | Suite #140 Austin, TX 78759

LENDER

NMLS#278675

SOUTH: 5707 Southwest Parkway, Building 2 | Suite 150 Austin, TX 78735

www.legacymutual.com

For Platinum Top 50 agents, Legacy Mutual Mortgage is the most preferred lender by nearly 3 to 1.

Putting a Face on Real Estate since 1995.™

austin

Home Builders Assoc. of Greater Austin

Putting a Face on Real Estate since 1995

President’s Column By Lee Whitaker • 2018 President

A flexible land development code is needed to tackle affordability crisis

opefully by now you’ve at least heard the term “CodeNEXT.” If you haven’t, as an industry professional, we encourage you to learn all you can and get involved. Why? This is your city and the health of the real estate market is your bread and butter. But imagine a California-like scenario where thousands of middle-class individuals and families literally cannot afford to buy a home and find themselves paying ridiculous rents or worse, living in their cars or RVs—a crisis happening as I write these words in places like Santa Barbara and San Jose. The city of Austin recently released Draft 3 of CodeNEXT. Unfortunately much of the feedback given to the city from housing advocates and the general community have not been heard. Draft 3 is too restrictive and does not offer the ability to build various “missing middle” housing options throughout the city to address our affordability problems. Much more needs to be done. Our HBA is diligently working with Evolve Austin, a coalition of professional organizations including the Austin Board of REAL-

TORS, Habitat for Humanity, and the Real Estate Council of Austin, just to name a few, and city of Austin staff to educate and inform both city staff and the general public on the importance of getting CodeNEXT right. Once passed, we will be stuck with this code for decades to come. Done correctly, our city can continue to grow while remaining an affordable place to live so that our quality of life and unique culture can remain intact. Done poorly and we’ll find ourselves in the same affordability pit found in cities like San Francisco and other cities across California. Evolve Austin recently released a video that does a great job of explaining how the current development code has contributed to our affordability problems, where we are now and what we must do to “evolve.” Visit our Facebook page at www.facebook.com/HBAGreaterAustin to see the video. We highly encourage you to share it with your friends, reach out to your professional organizations that you are a part of and make a difference. There is no time like the present to make meaningful change!

www.myRealtyLine.com

March 2018

platinumtop50.com.

2018 Parade of Homes™ Big Reveal Party March 29 Please join us at 6-8 p.m. on Thursday, March 29 at Austin’s newest hotel, Fairmont Austin on Red River and Caesar Chavez for “The Big Reveal.” In partnership with Travisso and Platinum Top 50 REALTORS, we will reveal the vision for the 2018 Parade of Homes, introduce the builders and show off the renderings of this year’s Parade homes. There will be live music, refreshments, appetizers, networking and big prizes. This year’s Parade of Homes will be hosted at Travisso in Leander and will include some exciting new features never done before. You will not want to miss this event. Please send your RSVP to info@

14th Annual Crawfish Boil & Washer Tournament Builder/REALTOR Mixer April 26 Save the date for this year’s Crawfish Boil & Washer Tournament Builder/REALTOR mixer. Hosted by Bryson in Leander, you won’t want to miss this once-a-year opportunity to mix and mingle with builders, check out our host community, enjoy live Cajun music and indulge yourself on the season’s best Crawfish and fixings. Early bird tickets are on sale now through March 31. Visit www.hbaaustin.com/ event/crawfishboil2018. RL

REALTORS and Builders line up to get into the 2017 Crawfish Boil Builder/REALTOR Mixer held at Rancho Sienna off Ronald Reagan Blvd. The event is the largest builder/REALTOR mixer in the region welcoming over 600 guests each year. The 2018 event will be held at Bryson in Leander. Early-bird tickets are on sale through March 31. Visit www. hbaaustin.com/event/crawfishboil2018 for details.

DHI Mortgage takes pride in making the home buying process as seamless as possible. Local experienced Mortgage Loan Originators are one of the many reasons to choose us! GET TO KNOW MORTGAGE LOAN ORIGINATOR,

ANGELA DEAN

“I am here to offer support and knowledge during the process and the expertise to get to the closing line.” Angela Dean

Mortgage Loan Originator, NMLS #1557358

www.dhimortgage.com

10700 Pecan Park Blvd., Suite 120 Austin, TX 78750 Direct: 512-219-2546 Cell: 737-346-8545 AJDean@dhimortgage.com www.dhimortgage.com/angela-dean

Financing offered by DHI Mortgage Company, Ltd. Branch NMLS #38686. 10700 Pecan Park Blvd., Suite 120, Austin, TX 78750. Company NMLS #14622. For information on DHI Mortgage licensing, please visit www.dhimortgage.com/licensing. Provided for informational purposes only. This is not a commitment to lend. Not all borrowers will qualify. REV: 02/19/18 | EXP: 02/19/19

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

Andrea Jarvis, Brian Ferguson and Dave Clinton of DR Horton are pleased to shower some love to REALTORS selling their homes at its 2018 VIP REALTOR luncheon where they gave away some amazing door prizes.

Download Photo: RL_020318_M.jpg at www.myrealtyline.com

Looks like Myrna Espeio of RE/MAX 1 and Kim Glaze Talley of Talley Real Estate, will be selling a lot of new homes in the busy Leander/Cedar Park area where inventory for existing homes is low. They get the market scoop from David Tandy at Texas National Title.

Download Photo: RL_031218_F.jpg at www.myrealtyline.com

Download Photo: RL_030218_A.jpg at www.myrealtyline.com

Veronica Milon and Chris Garcia, both of JP & Associates REALTORS, talk to Nicolas Brooks, a virtual photographer, about the real estate services he offers. And, of course, they talked about his trademark beard. Nicholas said it makes everyone remember him.

512-244-3545 ChampionsSchool.com/Austin

TEXAS COMPLETE WITH BROKER RESPONSIBILITY

STRATEGIES FOR CAREER EXCELLENCE

APR 12 - 13 Thur: Fri:

8:30 am - 6:45 pm 8:30 am - 5:30 pm

119

APR 12 - 13

 Classroom

Thu: 8:30 am - 6:45 pm Fri: 8:30 am - 5:30 pm

18-hour program includes:

 Classroom

• 8-Hour TREC Legal Update I & II • Success Strategies

18-hour program includes:

• Generational Selling

• 8-Hour TREC Legal Update I & II

• The Truth-In-Lending Disclosures

• Technology Update

18-HOUR CE PROGRAMS

• NEW! Artificial Intelligence and Its Use for Real Estate

INCLUDING TREC LEGAL I & II

EARN A DESIGNATION VIA CHAMPIONSLIVE!

ACCREDITED BUYER REPRESENTATIVE + NEW-HOME CONSTRUCTION

APR 16 - 18

ABR Mon/Tue 8:30 am - 5:00 pm NHC Wed 8:30 am - 4:45 pm

• How to Write and Understand a Policies and Procedures Manual

280

 ChampionsLive!

FARM AND RANCH REAL ESTATE

119

APR 11 - 12 Wed: Thu:

8:30 am - 6:45 pm 8:30 am - 5:30 pm

 Classroom

18-hour program includes: • 8-Hour TREC Legal Update I & II • Farm & Ranch Contracts • Mineral Rights

This ABR Designation Program includes the required ABR course and the New-Home Construction ABR elective. Together, these courses will satisfy the education requirement needed to earn your ABR Designation.

• Environmental Issues concerning Ranch Land, Land, and Water Rights

Open to the Public; TREC #0005; Broker Responsibility #06-06-128-31450; Policies & Procedures #02-00-078-31025; Strategies #08-00-129-33534; Tech Update #02-00-129-33533; Legal I #04-04-129-33197; Legal II #04-04-129-33198; Gen Selling #02-00-088-31156; TIL #02-00-129-33532; Farm #10-00-119-33503; ABR # 15-00-059-32481, NHC # 08-00-119-33502

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

YOU’RE INVITED

AMENITY CENTER GRAND OPENING. APRIL 6-8, 2018

Wolf Ranch is Georgetown’s very own Hill Country oasis hidden alongside the scenic San Gabriel River. Minutes from everything but far from ordinary, this modern sanctuary is a careful blend of serene natural settings and vibrant community. The Den is our brand new, state-of-the-art amenity center designed by the renowned Michael Hsu Office of Architecture in Austin, Texas, and is opening to the public in early April 2018. Come see for yourself why Wolf Ranch is the perfect place to unplug and reconnect.

HOMES FROM THE:

COVENTRY HOMES

$300s

DAVID WEEKLEY HOMES DREES CUSTOM HOMES M/I HOMES PERRY HOMES WILSHIRE HOMES

WOLFRANCHBYHILLWOOD.COM 100 BAREFOOT PARK LANE GEORGETOWN, TEXAS 78628

March 2018 www.myRealtyLine.com

Women's Council of REALTORS

austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

President’s Column By Carol Hardy • 2018 President

CodeNEXT, What is THAT?

ODENEXT! Sounds very spy-like, James Bond-ish, let’s get out your decoder ring; ok, not really. Like codes

sionate about their city, committed to its im-

and plans, Austin is taking the initiative and

chance to respond to CodeNEXT, all com-

listening to its citizens in planning the future. The third draft of CodeNEXT is revealed. What is CodeNEXT? It is a Land Development Code that expresses the values formulated in the City Council-adopted Imagine Austin Comprehensive Plan of 2012. (More about this can be found on the website: https://www. austintexas.gov/imagineaustin). CodeNEXT

provement, and determined to see this vision of Austin’s future become a reality. Getting a ments provided will be sent directly to the Commission, and City Council for its review and consideration. This can be done by visiting the website austintexas.gov/codenext. If you have the time and want to dig deeper, I found the third revision of CodeNEXT broken down by chapters to be most helpful. The website is: https://codenext.civicomment.

which determines how land can be used

org/. Here you can review each chapter and

throughout the city. It includes what, where,

make comments, but you must be registered

and how much can be built through two fac-

and logged in to post. Here is your chance to

ets: an update of the text of the code and a cor-

be heard when you are seeing a building erect-

responding update to the zoning map, show-

ed, a new thoroughfare cut or multi-living

ing where the new zones are applied.

structure being built. Instead of complaining

they are its greatest asset! Austinites are pas-

Low unemployment, steady growth are all positives. Traffic? Jeff Ronk of RE/MAX 1, Kathy Monford of Texas National Title, Bobby Galvez of RE/MAX 1 and Emily Dieckmann of Keller Williams Realty get market insight from David Tandy at Texas National Title at the company's market update event.

Planning Commission, Zoning and Platting

is a revision of the Land Development Code,

Austin takes great pride in its citizens and

Download Photo: RL_030218_C.jpg at www.myrealtyline.com

or wondering why it was put in that space, you could say, “I helped plan that”! RL

Download Photo: RL_030318_E.jpg at www.myrealtyline.com

Raising money for TREPAC doesn't have to be a chore! WCREALTORS & Capital Title team up to make it fun with a Sip & Stroll through Georgetown Square. Pictured left to right are WCREALTORS Executive Officer Marge Phillips, Christy Gessler of Keller Williams Realty and 2018 WCREALTORS President Victoria Reviel of 98th Meridian Boutique Real Estate.

1310 S 1st Street, Suite 100, Austin TX 78704 512-458-3730 ofc / 512-458-3736 fax info@austinrealpros.com www.austinrealpros.com

Commitment to 5-Star Service We put an emphasis on delivering an unparalleled experience for all of our clients, and it shows with hundreds of positive ratings on Facebook. Contact your local Sente Loan Officer at www.SenteMortgage.com Sente Mortgage NMLS #132111 Monday-Friday 8:30-5:30pm Office: 512.637.9900 901 S Mopac, Bldg. IV Suite 125 Austin, Texas 78746

WORLD PEACE through Property Management

• • • • • • •

You receive first month’s management fee for your referral Your clients are returned when it’s time for you to sell their property Your client gets a professional team to care for their investment Over 60 years of combined experience in real estate Refer your clients to a company you’ve come to know and trust Commercial, Apartment, and HOA Management Services Ask us about our parallel marketing program

512-458-3730

Sales • Leasing • Property Management Agents! We have great opportunities to advance your career. Give us a call today!

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

You’re in Luck! NEW HOMES FROM THE MID-

$200’S

MODELS OPEN IN

Summer 2018

www.myRealtyLine.com

March 2018

HOME. HEART. HILL COUNTRY. •

•

800 acres of dedicated open space and park land Close proximity to Texas State University, business, shopping and entertainment 45-acre Central Park recreation space Desirable location off IH-35 between Austin and San Antonio Resort-caliber amenities and playgrounds 10+ miles of trails

L a C ima TX. Com

March 2018 www.myRealtyLine.com

Residential Real Estate Council

President’s Column By Mary Lynne Gibbs • 2018 Director

RL austin

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Please make plans to attend our TREPAC Cake Auction from 4-6 p.m. on March 22 at the Austin Board of REALTORS' headquarters. WCR and CRS are partnering up to enjoy food, fellowship, beverages and cake.

Also, the Central Texas CRS Luncheon will be on Wednesday, April 18 at Westwood Country Club and will feature “Using IRA to Purchase Investment Property” with Douglas Plummer. RL

CodeNEXT will impact our lives for decades to come — get involved!

odeNext, our Land Development Code (LDC) that is being rewritten will play a major part in our housing industry. This third draft of the city of Austin’s CodeNEXT, “Community not Commodity,” is a plan to rezone Austin and redevelop East and Central Austin. Will we see an increase in gentrification? Will outward migration occur due to lack of affordability? This is one of the issues that this code is looking to address. Are Accessory Dwelling Units (ADU) an option? Allowing an additional unit to one’s property like a garage apartment, tiny home, duplex or granny flat lets the owner have the potential to create additional income and gives more reasonable rent options to tenants. It may give relief to inbound traffic to Central Austin. “Gentrification” was originally coined by a British sociologist, Ruth Glass in 1964 and has been a subject that has impacted cities with growth for years. Austin has seen a growth rate of 241 percent from 1980-2015 and it is not predicted to decrease. In this latest rewrite, impervious cover is addressed to prevent flooding and mitigate

the negative impacts of urbanization on water resources. Austin has adopted surface regulations that limit the ratio of impervious surface to the total site area. Currently each singlefamily property is required by the LDC to have at least two parking spaces. In this rewrite one may have one parking space and the owner may enjoy that extra space for a playscape, trampoline or garden. Austin prides itself as being one of the most progressive cities around. Let’s look to preserve our heritage and community. Get involved. This is the first time the LDC has been rewritten in 30 years and will impact our future for years to come. It is one of the most important policy decisions our Austin City Council will make and will impact businesses that are considering coming to our area as well as our neighborhoods. From top to bottom this will impact all our lives. Let’s look for a “Win, Win” where we maintain our culture and allow smart development. For more info, go to EvolveAustin.org or AustinTexas.gov/CodeNEXT.

Upcoming CRS Events

ARE YOU JUMBO 95% Loans SELF Up to $1,500,000 EMPLOYED? ASK ABOUT OUR 12 & 24 MONTH BANK STATEMENT PROGRAM

• 95% LTV up to 1.5 mil: Purchase, Rate/Term, Cash Out • Max DTI 35% • DTI Max 43% when LTV < 90% • DTI allowed up to 50% when LTV < 80%

Synergy One offers 12 or 24 month bank statement programs to self-employed borrowers •who can demonstrate theirfor income Min FICO 720, 760 cashthrough out banking cash flow over traditional qualifying tax returns.

CO N TAC T M E TODAY FOR MORE INFO R MATIO N. P E N NY G R E E N

NMLS #226538

REGIONAL SALES MANAGER 512.784.6090 O 512.956.7672 C 512.784.6090 pgreen@s1lending.com 13809 Research Blvd. Suite 808 Austin, TX 78750

Synergy One Lending Inc. NMLS 1025894. 3131 Camino Del Rio N 190, San Diego, CA 92108. Texas Mortgage Banker Registration 1025894.

Download Photo: RL_021018_C.jpg at www.myrealtyline.com

HBA President Lee Whitaker of Pacesetter Homes, HBA CEO Emily Blair and Eldon Rude of 360º Real Estate Analytics are excited to see over 650 professionals attend the HBA's annual Housing Forecast event at the JW Marriott.

Download Photo: RL_031218_C.jpg at www.myrealtyline.com

Quiona Morrison-Allen of JP & Associates REALTORS shows Brittany Deck of Capital Title around the new office during the grand opening celebration. JP & Associates is a full service real estate brokerage at a transaction fee cost.

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

n 2 2 h c , Mar y a d s r u h T PM 0 3 : 2 – 11:30

March 2018

JOIN US FOR OUR 2018 KICKOFF PARTY AND GET TO KNOW OUR FAMILY OF BUILDERS!

$10,000

CASH REWARDS EQUALING $10K WILL BE GIVEN AWAY THROUGHOUT THE EVENT + OUR FAMILY OF BUILDERS WILL BE GIVING AWAY TONS OF DOOR PRIZES EVERY 18 MINUTES A LOTTERY NUMBER WILL BE DRAWN AND A LUCKY REALTOR WILL WIN!

$5,000

GRAND PRIZE HOMES FROM THE $190s - $700s

175 ELIZABETH PARK BLVD. SantaRitaRanchAustin.com/RealtorRodeo BROOKFIELD RESIDENTIAL • CASTLEROCK • GIDDENS HOMES • HIGHLAND HOMES • LENNAR HOMES PERRY HOMES • PULTE HOMES • SCOTT FELDER HOMES • SITTERLE HOMES • WESTIN HOMES • WILSHIRE HOMES

March 2018 www.myRealtyLine.com Experts Speak Out

Commentary By Harold Copher, Jr. Willow Bend Mortgage

Financing a fixer upper purchase

ow many of you have watched a “fixer upper” television show and wondered how the financing for those projects came together? The popularity of these type of home renovation shows, along with lower than ideal existing home inventories has motivated buyers to expand their search criteria to include fixer uppers. The good news is there are long term mortgage financing options available to meet that need—from changing out some shag carpet to adding a pool with outdoor kitchen. The buyer wants the property but only with their repairs or improvements. Put yourself in the seller’s shoes. What happens if you accommodate that request and your buyer can’t follow through with the purchase? For the most part, there are two different programs designed to facilitate the buyers’ required repairs or requested upgrades after the close of the sale. The choice as to which program is best suited for the transaction at hand, is (as always) a function of the parties’ individual situation and needs. Those two basic options include FHA or HUD sponsored

offerings, and the conventional Fannie Mae (FNMA) HomeStyle program. Common denominators of these loans include having a contractor prepare an estimate with contract to perform the scope of work and a contingency reserve for unforeseen costs. Appraisal reports will include the contractor’s scope of work for an “as completed” valuation of the property as if the repairs/ remodel work had already been completed. Both the FHA and FNMA loan would fund at the purchase closing, with funds for the remodel held in escrow and work commencing after closing. For more extensive work, a draw schedule with inspections can be included. Repairs or remodel work must be performed by a licensed contractor; when licenses are required. Only one contract for the scope of work is preferred, but not required. You can’t change the scope or incorporated materials after closing and work must be completed within six months. Now, let’s discuss the all-important differences. The 203(k) limited loan is ideal for

RL austin

Putting a Face on Real Estate since 1995

septic repairs, termite treatment, flooring, HVAC replacement, insulation, window replacement, kitchen upgrades, painting, and/ or electrical and plumbing reconditioning. As you can see, nothing structural or that would exceed a maximum $35,000 cap. The 203(k) standard loan has no maximum remodel/renovation cap, although the total loan cannot exceed maximum county FHA loan limits. Structural or cosmetic repairs are allowed, which means all the repairs approved for the limited loan would be approved for inclusion in the standard loan scope of work. This loan is ideal for more extensive work such as structural repairs, roof replacement, septic installation and pool repairs. The 203(k) standard loan requires an FHA 203(k) consultant. As you might expect, the more difficult or costly the work becomes, the greater the need for additional levels of scrutiny and review. Both FHA 203(k) programs require a lower down payment and have more lenient credit score requirements than the conventional FNMA loan. FHA restricts financing to “Owner Occupied” properties only, but includes two to four unit properties, as well as single family residences. No “luxury” items can be included for either FHA program. New swimming pools, spas, sun rooms, outdoor kitchens and living areas are generally considered luxury items. On the other hand, the FNMA HomeStyle is a conventional mortgage that provides a

Putting a Face on Real Estate since 1995.™

convenient way to make renovations, repairs or improvements up to 50 percent of the ascompleted value of the property. Funds can be used for any repairs or renovations that are permanently affixed and add value. While no complete teardowns are allowed, there are no restrictions as to whether the work is cosmetic, mechanical, structural or luxury in nature. This is an excellent way to add a pool and/or outdoor kitchen and finance that over the life of the mortgage. You should expect oversight and paperwork to increase as the value or degree of difficulty in completing the work increases. In addition to owner occupied properties, second home and investment properties are eligible. All properties are restricted to single unit designations, except owner occupied, where two to four unit properties are allowed. The “fixer upper” can provide an opportunity to make a boring home into something special, or convert a problem home into a real star. The right loan can help transform those dreams into realities...and instead of walking away, the buyers move in. RL

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

MEET YOUR LOCAL

MICHAEL NASSERFAR

Branch Manager | NMLS ID# 209485

Contact: (512) 797-8916

mnasserfar@envoymortgage.com www.MichaelLoan.com 708 South Lamar Blvd Suite A Austin, TX 78704 All applications subject to credit approval. Program terms and conditions are subject to change without notice. Some products may not be available in all states. Other restrictions and limitations may apply. This is not a commitment to lend. Envoy Mortgage Ltd. #6666, 5100 Westheimer Road., #320, Houston, TX 77056, Phone #877-232-2461; AR Banker/Broker/Servicer License #103315 - AZ Mortgage Banker Licensee – License #0908096; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #413 0597; CO Mortgage Company Registration # 6666, Regulated by the Division of Real Estate; Licensed by the Delaware State Bank Commissioner Licensed Lender Licensee #011264; Georgia Residential Mortgage Licensee License #23619; Illinois Residential Mortgage Licensee – License #MB.6759338; MA Mortgage Lender Licensee – License #MC6666 ; MA Mortgage Broker Licensee – License #MC6666; Licensed by the Mississippi Department of Banking and Consumer Finance License #6666; Envoy Mortgage Limited Partnership – Licensed by the New Hampshire Banking Department License #14552-MB; Licensed by the N.J. Department of Banking and Insurance NMLS #6666; Licensed Mortgage Banker – NYS Department of Financial Services, License #B500979, 746 Merrick Rd., Baldwin, NY 11510; OH Mortgage Broker Act Certificate of Registration #MB.804190.000; OR Mortgage Lending Licensee #ML-3933; Rhode Island Licensed Lender – License # 20092627LL; Rhode Island Licensed Loan Broker – License # 20122861LB; TX Mortgage Banker Registration- NMLS #6666; TX Regulated Loan License #42377. This License # CL-6666 –http://nmlsconsumeraccess.org

March 2018 www.myRealtyLine.com

austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

Better Choices This March, your clients take their pick of upgrades.

Download Photo: RL_030418_I.jpg at www.myrealtyline.com

When your clients buy a Move-In Ready home during the month of March and close within 45 days, we’ll give them their choice of THREE of the following:*

Bill Meyers of Newland Communities catches up with Jeff Brinkley of First State Bank at the HBA's Annual Housing Forecast. Thankfully Newland Communities has a table or finding a seat would have been tough in this packed house.

FREE Refrigerator FREE Laundry Package FREE Blinds for Your Entire Home Three FREE Ceiling Fans Installed FREE Whole Home Gutters Security Trim and 1-Year Free Monitoring An ADDITIONAL $3,000 Towards Closing Costs**

Download Photo: RL_030618_B.jpg at www.myrealtyline.com

Ann Marie Sandlin of Gohil Realty and Jay Brummett of Jay Brummett REALTORS get the inside scoop on WCR Austin's new meeting spot, luncheon dates and times. Check the calendar at myrealtyline.com for details!

Make one of our best inventory homes even better!

512-265-0288 • SalesAustin@mihomes.com Visit mihomes.com Today! *Program available on Move-In Ready homes that can close within 45 days of contract signing. Program could change at any time. Level 2 Refrigerator GNE25JSKSS, Laundry Package 3 – Washer GFW450SSKWW, Laundry Package 3 – Dryer GFD45ESSkWW, Washer and Dryer Pedestal SBSD137HWW. Security monitoring and trim out offered by Sterling AVI. Not valid in Wolf Ranch. **Promotion valid on new contacts written 3/1/18 – 3/31/18 for inventory close within 45 days of execution. Paid Closing Costs eligible only through M/I Financial, LLC (NMLS #50684) up to $3000 toward closing costs and/or loan discounts. Buyer must qualify. Loan applications must be received at M/I Financial within 48 hours of contract. Sale cannot be combined with any other promotion. Additional terms and conditions apply. See New Home Sales Consultant for complete details of selected upgrades.

Submitted Photo

Independence Title spruces up its digs at The Tower of the Hills. Mona Breeze, Brian Pitman and Zana King invite you all to come on in — it's like brand new!

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

Capsa Ventures A S S O C I AT E S I N P R O G R E S S - A d v e r t i s e r P r o f i l e b y K a t i e A g n e s s

ocused on creating sustainable and responsible developments, Capsa Ventures utilizes eco-engineering along with green building materials and design to change the way Austin is built. “At Capsa, we focus on extensive preplanning to provide structures of the highest quality. We are taking that same approach and expanding into building homes in the near future,” says Rance Clouse, CEO of Capsa Ventures. “We continually look for the latest technologies to ensure every Capsa community is more sustainable than the last.” Formed in 2014, Capsa Ventures has developed (or redeveloped) four Austin-area properties—904 West, Towns on Cumberland, Pease Place, and currently, FOURTH&. In the Spring of 2018, Capsa Ventures will begin a new project in Northwest Austin which will include approximately 40 singlefamily homes and 28 loft-style condos. “In the

past, our developments have been infill projects,” Clouse says. “As we expand our portfolio, we are focused on building better, stronger homes built to exacting standards.” When choosing new projects, Capsa Ventures has previously focused on small to midsized developments, considering hundreds of factors before making a decision. “At Capsa Ventures, we strive to be good stewards of the land by finding locations where we can build and blend in with the environment while reducing our carbon footprint,” Clouse says. While many businesses see rapid growth and expansion as a necessity for success, Capsa Ventures takes careful consideration and purposeful thinking before engaging in a new project or development. “We are always looking for opportunities to grow, but we won’t sacrifice our culture that encourages forward thinking, responsible development and sustainable solutions,” Clouse says.

At Capsa Ventures, we strive to be good stewards of the land by finding locations where we can build and blend in with the environment while reducing our carbon footprint.

www.myRealtyLine.com

March 2018

For each new development, the Capsa Ventures team spends months analyzing, engineering and planning to build a resource efficient building. Taking into consideration the project’s current state and the opportunities to implement sustainable features and green technology, Capsa Ventures works to identify areas where it can make the largest impact. Some sustainable building features you

Rance Clouse, CEO Capsa Ventures

may find in a Capsa Ventures development include 600 rooftop solar panels which significantly reduce our need for electricity from the city; recycled materials, such as recycled quartz countertops and steel framing that reduce landfill waste; variable speed air conditioning units which use minimal energy to adjust the climate; LED lighting for reduced electricity consumption; cisterns which capture rainwater run-off from the roof and feed the rain gardens; and much more. Even with sustainability in mind, homebuyers are still given the opportunity to customize their home to fit their style and needs. “We cater to all types of residents with several cabinet, countertop and backsplash options at FOURTH&,” Clouse says. “We are consider-

ing additional customization opportunities in upcoming projects as well.” Over the past few years, Capsa Ventures has been honored with numerous awards and recognitions in the area of sustainable building, but Clouse says there is much more to come. “Capsa Ventures has only scratched the surface where we plan to be in the next five years,” he says. “For us, these honors strengthen our commitment to change the way Austin is built.” RL

PUT A LITTLE Spring IN YOUR STEP

Call North American Title for Your Next Transaction

The hope of spring will soon drive homeowners to plant new shrubs and “For Sale” signs in their yards. It’s time to cultivate a new relationship with North American Title, a company with the customer service, expertise and convenient locations to ensure you have a fruitful selling season. Also, ask about our mobile app, allowing you and your buyers to deposit earnest money over your smartphone – no more driving checks through spring rainstorms! Call one of our local offices to start your next transaction. CLEAR LAKE 2525 Bay Area Blvd. Suite 130 Houston, TX 77058 t: 281.218.6435 f: 281.316.8201

GREENSPOINT 681 Greens Pkwy. Suite 110 Houston, TX 77067 t: 281.872.1006 f: 281.872.4385

GALLERIA 1233 West Loop South Suite 825 Houston, TX 77027 t: 713.349.9456 f: 877.599.7245

KATY 1575 South Grand Pkwy. Suite 100 Katy, TX 77494 t: 832.524.5832 f: 281.582.5606

THE WOODLANDS 2829 Technology Forest Blvd. Suite 400 The Woodlands, TX 77380 t: 281.419.2992 f: 866.557.5117

www.nat.com/Texas ©2018 North American Title Group, LLC and its subsidiaries. All Rights Reserved. North American Title Group, LLC and its subsidiaries are not responsible for any errors or omissions, or for the results obtained from the use of this information. North American Title Company and related design and Like Clockwork are registered Service Marks of North American Title Group, LLC or its corporate parent. | TX18-12542 2-1-18

March 2018 www.myRealtyLine.com

StarPointe Realty A S S O C I AT E S I N P R O G R E S S - A d v e r t i s e r P r o f i l e b y K a t i e A g n e s s

or more than a decade, StarPointe Realty has been providing guidance to buyers, sellers and investors in the Central Texas Area. In addition to general real estate service, StarPointe Realty provides residential and commercial property management services to both seasoned and novice investors as well as homeowners ultimately wanting to sell but can’t due to market or financial issues. A full service brokerage company, StarPointe Realty opened its doors in 2008, and has expanded its footprint and service offerings every year since. “When we began in 2008, StarPointe Realty primarily listed and marketed new homes built by a home building company where I served as managing partner,” says CJ Rogers, owner of StarPointe and StarPointe Realty Management. “In 2011, I started StarPointe Realty Central Texas and StarPointe Realty Management, which primarily served Bell, Coryell and Williamson Counties. Then in 2017, we opened StarPointe Realty Partners, our office in Cedar Park with Kendra Barger as partner, in order to better serve the Austin market.” Currently, StarPointe has agents working from Lampasas to Temple to Austin to San Antonio. “To help facilitate our future expansion, we encourage our current agents as well as new members to the StarPointe family to aspire to the possibility of partnering in the

ownership of their own brokerage in the same manner as Kendra Barger did not long ago,” Rogers says. “We want an environment where our agents can build wealth for themselves rather than simply make a living.” In addition to recent expansion, StarPointe Realty has plans for additional growth within Austin as well as North to Waco. “We wanted our first office in our expansion plan to be on the far north side of the Austin market in order to better expand opportunities for our existing agents,” says Kendra Barger, co-owner and managing agent of StarPointe Realty Partners. “We plan to have offices in South and Central Austin by the end of 2018 and an office in Waco the following year.” While the company continues to augment its range of real estate brokerage and management services, StarPointe plans to increase its efforts to be the one-stop real estate resource for a variety of clients, from first-time home buyers, to veteran purchasers, sellers and investment property owners. Additionally, StarPointe Realty offers customers tailored listing programs for home builders. “The general real estate brokerage business is changing rapidly and companies need to adapt by offering a broader range of services and expertise or by choosing affiliates that provide the those additional services,” Rogers says. “Many companies have moved away

austin

Putting a Face on Real Estate since 1995

from the high-touch personal service experience and seem to be focusing the majority of their resources into the technology side. While technology is very important, we cannot forget about the very personal nature of a real estate transaction and the homeownership experience. While many, if not most, home searches begin on the internet, we still find a majority of both buyers and sellers continuing to seek out personal relationships with agents they can relate to and trust as their personal advisers.” Due to these trends, StarPointe Realty agents are focused on providing a personalized, one-on-one experience for their customers while utilizing the latest technology to provide what we consider to be the best of both worlds service. “In an age where most industries are shying away from the personal connection, we are bringing it back front and center,” Barger says. For REALTORS, finding an agency that is the best fit is not always an easy process. “Whether just starting a career in real estate or making changes to a career, there are many issues to consider and tough decisions to make,” Rogers says. “Our agents will tell you that choosing StarPointe Realty is really the easiest part of the equation.” StarPointe Realty offers programs and training opportunities for both new agents as well as experienced professionals wanting to take their business to the next level. “We have some very exciting new opportunities coming in the next few months for people who are just now considering obtaining their real estate license, as well as newly licensed agents trying to figure out how to build a career,” Barger says. “A former business partner re-

Putting a Face on Real Estate since 1995.™

Kendra Barger, Co-Owner

CJ Rogers, Co-Owner

cently opened The Real Estate Business School of Salado, and we will be partnering with the school to offer discounts on classes and training opportunities.” StarPointe Realty takes great pride in providing its agents, associates, customers and industry partners with the information and expertise necessary to foster a seamless experience for all parties involved in each real estate transaction no matter how large or small. RL

CONGRATULATIONS!

February

2018

THE BACKYARD AMENITY CENTER

Grand Opening

BRUNCH

RSVP REQUIRED FOR ENTRY:

BrysonBackyard.com NEW HOMES FROM $280s TO $500s

Top Producer

SATURDA Y MARCH 2 4TH 11AM-2PM ON THE M ENU:

LIVE MU SIC COCKTAI LS CRAFT B EER DONUT B AR FOOD TR UCKS KIDS ACTIVIT IES & MORE!

On Q Financial Austin Branch

MONICA JENKINS MORTGAGE CONSULTANT

NMLS#224483| TX#224483

P: 512.831.4178

Monica.Jenkins@OnQFinancial.com MonicaJenkins.OnQAustin.com

5914 W. Courtyard Drive Ste 150 B, Austin, TX 78730

On Q Financial Inc. is an Equal Housing Lender. NMLS#5645 | TX#5645 ER0301180681Y000004Jk5P

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

Higher standards from start to finish. BELTERRA 60’ | AUSTIN

Four decades ago, inspired by the Texas families we build homes for, we started something special. Instead of upgrades, there’d be standards–high ones. We’d build our best, and include in every home the high-end features your clients want. No surprises. Or uncomfortable negotiations. Just happy clients who expect excellence and

THOMAS SERHUS (512) 361-1120

ADDRESS

PRICE

SQ/FT

STORIES

169 Mendocino Lane

$459,900

2,654

4/3/4

MAY 2018

136 Mendocino Lane

$379,990

1,907

3/2/3

COMPLETE

124 Mendocino Lane

$439,900

2,436

3 / 2.5 / 2

MAY 2018

BELTERRA 80’ | AUSTIN

BED/BATH/GARAGE

EST. COMPLETE

THOMAS SERHUS (512) 956-9888

564 Brentwood Drive

$564,900

3,377

4 / 3.5 / 4

MAY 2018

438 Brentwood Drive

$601,605

3,575

4 / 3.5 / 3

AUGUST 2018

550 Brentwood Drive

$559,900

3,451

4 / 3.5 / 2

MAY 2018

CRYSTAL FALLS 80’ | LEANDER 2517 Ambush Canyon

$647,688

STEVE DEITRICK (512) 575-4715

3,917

4 / 3.5 / 3

JULY 2018

2000 Champions Corner $639,452

3,905

3/3/3

COMPLETE

2713 Rain Song

4,057

5 / 4.5 / 3

JUNE 2018

$599,456

HEADWATERS 60’ | DRIPPING SPRINGS

DALE LYNN (512) 862-7670

appreciate a homebuying partnership.

575 Dayridge Drive

$469,990

2,638

4/3/2

COMPLETE

That’s The Trendmaker Way.

585 Dayridge Drive

$509,990

2,958

5/4/2

COMPLETE

592 Dayridge Drive

$459,990

2,982

4 / 3.5 / 3

COMPLETE

Contact Kim Bennett, New Home Specialist, at (512) 575-4714 for help in finding your client’s dream home.

RANCHO SIENNA 60’ | GEORGETOWN

ROBERT PATTERSON (512) 256-6688

117 Panzano Drive

$398,645

2,986

5 / 4.5 / 2

MAY 2018

125 Panzano Drive

$399,999

2,662

4/3/4

AUGUST 2018

417 Pienza Drive

$374,989

2,267

4/3/2

MAY 2018

TrendmakerHomes.com The prices of our homes, included features, plans, specifications, promotions/incentives, and available locations are subject to change without notice. Stated dimensions and square footage are approximate and should not be used as a representation of the home’s precise or actual size. Please see the actual purchase agreement for additional information, disclosures, and disclaimers relating to a home and its features. Any photographs or renderings in these materials are for illustrative purposes only. Marketing promotions/incentives may be subject to conditions or restrictions. You must visit a Trendmaker Model Home to purchase a home. Please consult a New Home Advisor for specific price and other information for each community. A Broker/Agent must register their client in person on client’s first visit at each community for a Broker/Agent to receive a commission. Our name and logos are registered trademarks or trademarks of TRI Pointe Group, Inc. and/or its subsidiaries. © 2018 Trendmaker Homes, Inc.

March 2018 www.myRealtyLine.com Front Page: Continued

that Austin City Council previously set a goal to create over the course of a decade. One of the scenarios was to upzone main corridors, specifically those served by public transportation – think South Lamar and Burnet. But then, at the Feb. 12 press conference, Draft 3 maps showed recommendations for just a third of the 18,000 number. What happened? According to Alina Carnahan, a public information specialist for the city and CodeNEXT, “The staff recommendation has to juggle many different policy directives and city priorities. To only focus on increasing the number of affordable units would require deprioritizing other directives.” And unlike states that have laws on the books “requiring” builders to dedicate a percentage of projects to affordable housing, in Texas, builders can only be “incentivized” to create affordable units. Evolve Austin is a coalition of organizations that supports a progressive land development code. Co-founder Francisco Enriquez says Draft 3 “doesn’t achieve any of the goals” they’ve suggested to the planning commission and city council. Evolve Austin represents the Alliance for Public Transportation, Austin Board of REALTORS (ABoR), Home Builders Association (HBA) of Greater Austin, the Downtown Austin Alliance and several other organizations. In an interview with Realty Line, ABoR’s director of public affairs, Amy Everhart, said “More work needs to go into ensuring the Code establishes incentives that will actually lead to greater missing-middle and workforce-housing options throughout the city.” Now, ABoR is working on a response to version 3 for the planning commission. Everhart says that the association is “developing amendments that will allow for a greater variety of housing options and also

help restore Austin’s workforce housing options.” At a press conference, Habitat for Humanity and the Austin Housing Coalition – both Evolve Austin partners – handed out to attendees a list of “bold changes” for the final version of the code. First, they identified four main culprits causing the city’s worsening housing crisis: “skyrocketing home prices, gentrification, segregation and displacement.” Urban leaders fighting for affordable housing in Austin are demanding deliberate and meaningful strategies for addressing the crisis. Some of their bold changes include: More of all types of housing built in more parts of town, increased density on corridors near robust pubic transportation for non-car-owning residents, create more affordable transition zones in neighborhoods close to major corridors, provide incentives for building income-restricted housing and make it easier to build faster at lower cost. Individuals, organizations and associations Realty Line spoke with – plus many others quoted in the Austin-American Statesman, Austin Business Journal and more – are committed to getting the code right. Habitat for Humanity and the Austin Housing Coalition says, “The affordable housing community continues to support the CodeNEXT process.” Mayor Adler stressed, “We cannot afford the cost of not getting CodeNEXT done right.” And speaking on behalf of nearly 30 local non-profits, social enterprises, and urban-living advocates, Enriquez says the Evolve Austin coalition “remains committed to working on this process with the planning commission and we have clear expectations for creating the best version of CodeNEXT.” Austin’s future depends on it. RL

austin

Putting a Face on Real Estate since 1995

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

P. O. Box 81366 • Austin, Texas 78708-1366 (512) 514-3141 www.myRealtyLine.com E-mail: naomi@myRealtyLine.com

Publisher: Doren L. Carver doren@myRealtyLine.com

Associate Publisher: Tawanna K. Verock tawanna@myRealtyLine.com

Managing Editor: Naomi Bludworth naomi@myRealtyLine.com

Contributing Editor: Linda McNabb Caroline Carver

Contributing Writers: Riki Markowitz, Katie Agness, Naomi Bludworth, Linda McNabb

Contributing Photographers: Doren L. Carver, Linda McNabb

Advertising Sales: Emily Vaughn (512) 418-1800 , emily@myRealtyLine.com

Columnists: Steve Crorey, Victoria Reviel, Lee Whitaker, Carol Hardy, Mary Lynne Gibbs, Harold Copher, Jr.

Submission Guidelines: Submit photos, press releases and calendar items to naomi@myrealtyline.com. All photos must be at least 300 dpi and include a caption with first/last name and company affiliation. Press releases must be fewer than 300 words. Non-advertisers submitting calendar items will be charged $25 per submission. All submissions must be received at least seven calendar days prior to ad copy deadlines published at www.myrealtyline.com/blog/advertise.html. Submission items will be included as space allows. Realty Line Austin is published monthly by Caxton Publications, Inc.© as a non-subscription publication for the more than 10,000 members of the Austin Board of REALTORS®(ABoR), the more than 1,500 members of the Williamson County Association of REALTORS® (WCREALTORS) and the Home Builders Association (HBA) of Greater Austin. Realty Line Austin is printed on recycled paper. Realty Line Austin is a proud member of the Austin Board of REALTORS®, the Williamson County Association of REALTORS®, the Home Builders Association (HBA) of Greater Austin and is a honorary member of the Women’s Council of REALTORS. Realty Line 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.

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

$500 GIFT CARD of your choice!

We’re Selling! New Year, New Home, New Schools. With Tom Glenn High School right down the street, pocket parks & nature trails line the way from home to homeroom. We are proud to join Leander ISD, one of the finest districts in Central Texas. Not only do our schools outperform state standards, but Deerbrooke is also right down the street from the brand new Tom Glenn High School (est. 2016).

New Homes from the $300’s. • www.deerbrooketx.com

183

512-619-7628 www.brohnhomes.com

512-751-1420 www.sitterlehomes.com

Clayton Fryer at 512-619-7628

Larry Rubin at 512-456-3136

Hals ey Rd.

279

San Gabriel Parkway

Leander 2243

183 alls tal F

way Park

Crys

512-516-1608 www.monticellohomes.com

1-800-247-3779 www.perryhomes.com

Wendy Onken at 512-516-1608

Danny Hood at 737-200-6050

Visit us in Leander, just west of US Hwy 183 near Halsey Road and Collaborative Way.

Offer, prices, plans, specifications and availability are subject to change and/or cancellation at any time without prior notice. $500 Gift Card Giveaway may not be combined with any other offers or promotions. Please contact community sales counselor for additional details and restrictions. Valid registrations accepted at community, homebuilder locations only. Subject to change without notification. Offer expires April 30, 2018. A Randolph Todd Development.

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.â&#x201E;¢

CONDOS

1800 E 4TH STREET

ITS EASY AS: 1. FIND US ON THE MLS (or CALL) 2. SEND US YOUR CLIENTS 3. 3% COMMISSION

Download Photo: RL_030818_A.jpg at www.myrealtyline.com

Movie theaters are a great place to host an event. Start off with an economic outlook from Independence Title and finish up with your favorite movie. Jacque Smith of Independence Title and Irene Cheung of Pfau & Company are ready to find a good seat!

STARTING AT $249,500 MICRO-LOFT (EFFICIENCY) THROUGH TWO-BED OPTIONS AVAILABLE Download Photo: RL_021018_C.jpg at www.myrealtyline.com

SCHEDULE A TOUR WITH:

Stewart Title's Dr. Ted Jones talks with Cathy Coneway of Stanberry & Associates about his Napa Valley trips before he gets serious with numbers and graphs during his economic outlook presentation to a room full of industry pros.

MARK KENDRICK

512.797.6275

MARK@CANVASPROPERTIES.COM

FourthAndAustin.com/Tour

Download Photo: RL_030718_A.jpg at www.myrealtyline.com

North American Title's Thrive for Five is a great networking group of professionals coming together to share listings and information.

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

the BIG YOU’RE INVITED

REVEAL

An unveiling event for the 2018 HBA of Greater Austin Parade of Homes™ at Travisso Meet the builders, see the renderings and learn the exciting vision.

March 29th Fairmont Austin from 6-8 pm

Enjoy hors d’oeuvres, spirits, music, entertainment and a grand prize giveaway! RSVP to info@platinumtop50.com

March 2018

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

David Tandy, center, of Texas National Title, gives a market update to a full house at the company's Cedar Park office. Pictured with David are Jennifer Beck of Texas National Title and Tammy Kress of RE/MAX 1.

Download Photo: RL_030218_E.jpg at www.myrealtyline.com

Looks like 2018 is going to be alright, alright, alright! Amy Whitston and Ellen Outlaw, both of Reilly REALTORS, and Katie White of Fairway Mortgage are all smiles after hearing the HBA's 2018 housing market forecast at the AT&T Center. Tight supplies, job and population growth will mean another profitable year in real estate — time to celebrate! Download Photo: RL_030418_L.jpg at www.myrealtyline.com

Sarah Biggerstaff and Mindy Walker, both of DEN Property Group, tell us they've never been in Realty Line before! We love taking pictures of new faces for the paper. When you see us out and about just ask. Click! We met these two at the Stewart Title "By the Numbers 123" Economic Outlook event.

Download Photo: RL_030618_A.jpg at www.myrealtyline.com

Download Photo: RL_030518_J.jpg at www.myrealtyline.com

2018 WCR Programs Director Lauren Bach of Reilly REALTORS, left, tells Anita Farrell of Keller Williams Realty about the new name and branding changes that will be launched in 2018 for the networking group. Look out for a new name and logo!

WE’RE DOING MORE THAN JUST TURNING HOUSES INTO HOMESTM SecurityNational Mortgage Company is continuing to support St. Jude’s Children’s Research Hospital in an ongoing effort to combat childhood cancer and other lifethreatening diseases.

SecurityNational Mortgage Co. has already donated up to $18,000 just this year. If you would like to donate go to:

www.fundraising.stjude.org/SNMC

• Families never receive a bill from St. Jude for treatment, travel, housing or food - because all a family should worry about is helping their child live.

• St. Jude has treated children from all 50 states and from around the world.

• Treatments invented at St. Jude have helped push the overall childhood cancer survival rate from 20% to more than 80% since it opened more than 50 years ago.

9737 Great Hills Trail, Suite 200, 220 | Austin, TX 78759 | Branch NMLS# 258173 | Office 512.795.5596 | SecurityNational Mortgage Company | Co. NMLS# 3116 This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company, NMLS# 3116 | SNMC218ADV1176

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

Upcoming Events & Education Networking & Other Events

Networking & Other Events

Thursday March 22 Westside Landing at Rough Hollow: Dusty Boot Tour 104 Bella Colinas Dr., Austin, TX 78738, 10 a.m.

Thursday, March 29 HBA/PT50/Travisso: 2018 Parade of Homes Big Reveal Party Fairmont Austin, 6-8 p.m.

Thursday, March 22 Bryson: Brunch & Bubbles REALTOR Grand Opening Bryson, 10:30 a.m. - 12:30 a.m. Thursday, March 22 MI Homes: Free Agent Headshots Arrowhead Ranch, 11 a.m. - 2 p.m. Thursday, March 22 Santa Rita Ranch: Home on the Ranch REALTOR Rodeo Santa Rita Ranch, 11:30 a.m. - 2:30 p.m. Thursday, March 22 WCR TREPAC Cake Auction ABoR, 4-7 p.m. Thursday, March 22 Classic Realty: Grand Opening Round Rock Office, 4-7 p.m. Thursday, March 22 NAHREP Austin: BBQ Party Franklin's BBQ, 6-9 p.m. Friday, March 23 PT50: 15 x 30 Education Symposium Renaissance Austin Hotel, 9-11 a.m.

Friday, April 6 - Sunday, April 8 Wolf Ranch: "The Den" Amenity Center Grand Opening Weekend Wolf Ranch in Georgetown, 10 a.m. Thursday, April 12 WCREALTORS: 8th Annual Builders Fair DELL Diamond, 10 a.m. - 4 p.m. Thursday, April 26 HBA: 14th Annual Crawfish Boil Builder/REALTOR Mixer Bryson, 6-9 p.m.

Monthly Association Meetings Tuesday, March 20 CTAMP: Monthly Meeting - Renovation Lending Great Hills Country Club, 11:30 a.m. - 1 p.m. Wednesday, April 4 AMBA: Monthly Meeting Austin Country Club, 11:30 a.m. - 1 p.m. Wednesday, April 18 CRS Austin: Bi-Monthly Meeting Westwood Country Club, 11:30 a.m. - 1 p.m.

Continuing Education Classes You’re Invited!

Monday, March 19 AAREB: Social Media Video Marketing Tips ABoR HQ, 11 a.m. Tuesday, March 20 Independence Title: Legal Update I Independence Title Buda Office, 10 a.m.

Thursday, March 22nd 4:00 - 7:00 p.m. 2251 Double Creek Drive, Suite 202 Round Rock, TX 78664

RSVP to lorriewestberry@gmail.com

NOW ACCEPTING NEW AGENTS

Stop by for a tour of our new Round Rock office while we treat you to tasty apps, drinks and prizes! MyClassicRealty.com | 512-341-0049

Wednesday, March 21 Supreme Lending: Condo-lution Seminar Supreme Lending Office, 11 a.m. Friday, March 23 Stewart Title: Creating a Comprehensive CMA in Matrix Stewart Title Cedar Park Office, 11:30 a.m. Wednesday, April 4 Independence Title: Legal Update I Independence Title Lakeway Office, 10 a.m. Thursday, April 5 Stewart: Legal Update 1 Stewart Title Cedar Park Office, 9 a.m.

See much more at myRealtyLine.com

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Real Estate News & Notes

Please Welcome

New broker/owner takes over Classic Realty

Tyler

NMLS #149932

Browne to the Hometrust Team

Lorrie Westberry is the new owner/broker for Classic Realty, a boutique brokerage with 28 agents.

Contact Hometrust Mortgage today for a free consultation or to get started on your home purchase or finance.

Call (512) 450-1222

Classic Realty is excited to announce Lorrie Westberry is the new Broker/Owner. Westberry has been a Texas REALTOR since 2007. Her journey into real estate began as a real estate law paralegal in Lampasas, TX, and as a single mother. She moved to Round

Richie Rodriguez

Lynn Edgar

Bradley Rife

Catherine Darwin

rrodriguez@ hometrust.com

ledgar@hometrust.com

brife@hometrust.com

cdarwin@hometrust.com

NMLS #222698

Putting a Face on Real Estate since 1995.™

NMLS# 221412

NMLS# 221487

NMLS# 1606718

Hometrust Mortgage Company, NMLS# 149932 4301 Westbank Dr. Escalade B Suite 150 Austin, TX 78746

www.hometrust.com

Rock in 2009 and has built a lucrative “refer-

ral only” business, since joining Classic Realty in 2011. Classic Realty, a boutique Real Estate Brokerage Office based in Round Rock, was formed in 2007 by Tony Garrant and is geared toward attracting the area’s most efficient agents who want the freedom to manage and grow their real estate business and their own database without heavy fees and deductions from their hard-earned commission. Westberry is actively seeking to double the number of agents with Classic Realty (approximately 28 today) by the end of the year. Classic Realty promotes an environment of building trustworthy, personable relationships with each client and seeks agents who exhibit the highest ethical standards in the industry. As the name denotes, it is a classic and honorable approach to the real estate business. Every transaction is as BIG a deal to the agents of Classic Realty as it is to its clients. Classic Realty can be contacted at 512820-7630 or by visiting its new office at 2251 Double Creek Drive, #202, Round Rock, TX 78664. RL

Submission Guidelines Submit photos, press releases and calendar items to naomi@myrealtyline.com. All photos must be at least 300 dpi and include a caption with first/last name, company affiliation and

CO N N E C T W I T H

U S

M Y R E A LT Y L I N E . CO M

EVENTS • ARCHIVES • PHOTOS

a short description. Press releases must be fewer than 300 words. Submission items will be included as space allows. Would you like us to cover your event? Email us at naomi@ myrealtyline.com to check availability.

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

March 2018

Protect You & Your Customers From

WIRE FRAUD On the Road to Closing

Cyber Crime is on the rise! Cyber criminals are increasingly more sophisticated in tricking everyone into sending them money. Posing as real estate or title insurance agents, scammers email homebuyers, claiming that down payments and closing costs need to be wired elsewhere. Below are tips to keep Real Estate professionals and their customers safe from wire fraud and other cypber criminal activity.

1. EDUCATE YOUR CLIENTS

Talk with your clients early and often about the closing process and money transfer protocols. Talk through the specifics of how fraud happens and specifically discuss how fake emails from title companies or realtors can be used to track their clients into wiring funds to a criminal. At the beginning of the transaction, real estate agents should have clients sign an acknowledgment that warns them about wire fraud. Texas Association of Realtors (TAR) has recently produced a form that can be used by agents and brokers to educate buyers and sellers. To view and download your copy of the form, visit: www.texasnationaltitle.com/sites/tnt/files/upload/onlineLibrary/WireFraudForm-TAR2018.pdf

2. REALTORS SHOULD NEVER EMAIL WIRE INSTRUCTIONS 3. WATCH FOR RED FLAGS LIKE LAST-MINUTE WIRING CHANGES 4. USE TWO-FACTOR AUTHENTICATION AND STRONG PASSWORDS 5. USE CASHIER’S CHECKS

www.TexasNationalTitle.com TNT is committed to getting you safely to your goal, closing. We have extensive procedures in place to help reduce the risk of wire fraud and cyber crime. To learn more, visit the TNT website or reach out to your TNT Sales Executive.

March 2018 www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.â&#x201E;¢