The 21st Annual WCAoR Golf Tournament to Benefit Local Charities
Upcoming Events:
n Twin Creeks Country Club to host this year’s benefit
May 18 HBA Builder/Associate Mixer Palmer Todd - 5 p.m.
tournament for the second year in a row
T
trip for up to four players to play 18 additional holes at Twin Creeks. All proceeds are to benefit WCAoR and its charities.
he Williamson County Association of REALTORS
Along with the best ball team competition, there will be
in conjunction with its Charities Committee will
opportunities to win great prizes for longest drives, closest
again host the 21st Annual golf tournament on
to the pin and the always entertaining putting contest.
May 24 at Twin Creeks Country Club located in Cedar
You don’t need to be a golfer to come out and have a
Park. Shot gun start is scheduled for 10:30 a.m. preceded
great time; network with various industry representatives
by breakfast at 8 a.m.
and support a great cause.
Individual entry fees are $130 per golfer which includes round of golf, cart, breakfast, lunch, drinks and a return
For more information on playing or sponsorships please call Kevin Finch at 914-2033 or Jim Goldrick at 255-1550.
May 19 AYREP: Top Producer Panel Hyatt Regency Hotel - 4:30 p.m. May 20 WCAoR Luncheon Cedar Park Rec Center - 11:30 a.m. May 24 WCAoR Golf Tournament Twin Creeks Country Club - 8 a.m. May 29 Sky Realty Blood & Marrow Drive Sky Realty office - 10 a.m. June 8 NAPMW General Meeting Norris Conference Center - 11:30 a.m. June 10 ABoR Foundation: Party & Property Tour Barton Place Condominiums - 5 p.m. June 16 NAHREP Monthly Meeting Cool River Cafe - 11:30 a.m. June 18 HBA: 1st Annual Chili Cook-off Travis County Expo Center - 5 a.m.
May 2010 • Vol. 15 • Issue 1
Check out Savvy Inspections Commentary on page 17
enjoyable. entertaining. It’s all about you.
Top Ten Things Buyers Should NOT Do Before Applying for a Home Loan
T
oday’s tightened lending market can be so daunt-
port history.
short amount of time, they can start making the lenders very
ing that it's enough to keep potential borrowers
It is a good idea to close accounts only when their avail-
suspicious. A lot of banks and credit card companies try to
from even thinking of buying a home. Buyers
able credit is low and if they’re new accounts. It is especially
avoid people who have histories of applying for many things
need the best possible credit report and score. But how many
good to close accounts if the above criteria match and the
at once, as if desperate. But buyers don’t have to worry that
of them know they inadvertently could be hurting their
cards have a high interest rate or charge annual fees.
loan shopping will mess up their credit. Multiple hard in-
chances of getting approved by doing certain things in the
Not Using Credit Cards
months before applying for a loan? To make sure that doesn’t happen to your buyers, share this list of the Top 10 Things NOT to Do.
A lot of the credit card companies are closing accounts that aren’t being used. That’s right; they’re taking on a use- it or
Closing Accounts
quiries on your report within a 45-day window are considered the same as one inquiry. Not Paying Fines or Credit Card Bills
lose-it mentality. In these economic times, credit card com-
Not paying old fees can have a negative impact on credit
panies are afraid of just letting anybody sit on a pile of credit.
scores as well. That’s right, not paying library charges and
If buyers want their credit score to plummet faster than a
If your buyers have an account that has a lot of history, it
other minor things such as parking tickets could all end up
B-list celebrity’s status, simply have them close some of their
is a good idea to keep that account active by encouraging
accounts. A lot of people think that closing an account that is
them to use it every so often.
paid off or barely used is a good thing, but this is not true. When an account is closed, it cuts away at their available credit and also increases their debt to credit ratio. As a rule of thumb, don’t close accounts, especially if they have a high available balance. Simply pay off the balance and leave the account open. If possible, keep the account active by making small purchases every now and then simply to re-
P. O. Box 81366 Austin, Texas 78708-1366
If your buyers are not paying their credit card bills, tell
Keeping High Balances
The credit scoring system isn’t built around common sense.
on a credit report.
Lenders look for people who use credit just right. Not too
them that information is being reported to the credit agencies and they are only hurting themselves. Call up the credit card company and work something out with them.
much and not too little. People who have high balances on
Ignoring Errors
their card are a red flag to lenders. It shows they are strapped for cash and are having a hard time making payments. Repeatedly Applying for New Credit
Presorted Standard U.S. Postage PAID Austin, Texas Paid Permit #715
quickly as it could take up to 90 days to get changes made. Once buyers have successfully disputed and removed nega-
So should clients say yes to
tive items from their credit report, tell them to wait a few
every credit offer then? Not ex-
months and then order another copy to verify the updates
actly. Repeatedly applying for
and see if their score improves.
new credit hurts your buyers’ credit scores in two ways:
Buyers can order a copy of their report directly from one of the three credit bureaus or can get a free copy of by going
First, by opening new ac-
to www.annualcreditreport.com. They are entitled to a free
counts, they are decreasing the
one each year, but beware of services that charge monthly
average age of their credit his-
membership fees.
tory. Lenders like people who have a long history of borrowing and paying back on time.
You can visit us online 24/7 at www.realtylineonline.com
If there are any errors on their credit report, correct them
Making Late Payments Paying late and missing payments will ensure that your
And second, credit scores
buyers’ credit scores drop. With all the technology available,
take a hit with every hard in-
there’s no reason to mail in a payment four days before the
quiry. If your clients get multiple hard inquiries in a very
Front page: Continued on page 2
2
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May 2010
Realty line of austin
All photographs, press releases and article submissions can be e-mailed to: realtyline@austin.rr.com
Dee Schultz of Keller Williams Realty eyes some spring styles at Capra and Cavelli during a mixer that the company’s luxury homes and commercial divisions hosted.
Realty Line of Austin is published monthly by Caxton Publications, Inc.© as a non-subscription publication for the more than 8,000 members of the Austin Board of REALTORS® (ABoR), the more than 1,100 members of the Williamson County Association of REALTORS (WCAoR) and the Home Builders Association (HBA) of Greater Austin. Caxton Publications, Inc.© dba Realty Line of Austin is an active member of the Austin Board of REALTORS®, the Williamson County Association of REALTORS® and is a honorary member of WCR. Caxton Publications, Inc.© dba Realty Line of Austin is not responsible for opinions or facts expressed by non-staff writers or for errors and any by-products in advertising or editorial copy. REALTOR® is a registered trademark. The word REALTOR® sometimes appears in this publication without the registered trademark symbol (®), for the purpose of saving space. Wherever the word REALTOR® appears in this publication, the registered trademark should be assumed.
Debbi McCall, Susan McVicker and Jane Adsley Chopp, all of Coldwell Banker United REALTORS, attend the CRS luncheon to learn more about the LCRA and Highland Lakes water supply.
Doren L. Carver
PUBLISher
Tawanna K. Carver
MANAgINg edITOr Linda McNabb
CONTrIBUTINg edITOr/WrITer/PhOTOgrAPher COLUMNISTS
John Horton, ABoR Chairman Steve Zbranek, HBA President J. Rene Ward, WCAoR President Susanna Boyer, WCR President David Tandy, Gracy Title Steve Medina, Savvy Inspections
P. O. Box 81366, Austin, Texas 78708 Office: (512) 821-1900 www.realtylineonline.com
A PUBLICATION OF CAXTON PUBLICATIONS, INC.© Front page continued
months of their loan application, they will have to verify where the money came from. If they had to borrow the down payment, the
Visit our online
due date. Simply make the payment online, free, from the bank, or
lender will consider this as additional debt that will affect their debt
from the creditor’s site.
to income ratio.
Calendar of Events at
Being Self Employed
www.RealtylineOnline.com to view all your
Many banks won't even touch buyers if they are self employed. Encourage your clients to consider incorporating. Waiting to Receive Gifts
networking possibilities.
If buyers will be receiving a gift for their down payment, get it now. If they want to buy a house in August, make sure their funds are available by the end of May. If their funds show up within two
For On-time Closings with Personalized Service... If you are like most real estate agents, you depend on repeat customers and referrals for your business. After months of hard work with a client, can you afford to have the last thing they remember be that they were charged penalties because the lender did not close escrow on-time?
Ann McKinley, your Loan Expert
(512) 331-7292
annmc@austin.rr.com www.austinhomeloans.info 8800 Business Park Drive, Suite 200 Austin, Texas 78759 NMLS #200305
Forgetting Paperwork Many people often do not submit the full set of documents, making the processing of the loan very difficult. Each missing item will delay the home loan approval. The best strategy is to meet with the lender once to turn over the paperwork and not have to field any follow up questions later on. Once all that advice is heeded, REALTORS and buyers can shop together confidently. RL
May 2010
Realty line of austin
Austin Board of REALTORS®
Chairman’s Column John Horton
n
to act. Perhaps you are wondering why you should spend your hard-earned money to in-
2010 Chairman
vest in TREPAC. I’ll tell you why. Your contribution can help protect REALTOR®
GAIN VALUABLE INSIGHT DURING ABOR OFFICE VISITS
www.realtylineonline.com
3
Showcase Your Passion for Your Profession Do you love being a REALTOR®? As a way for you to share why you love what you do, the National Association of REALTORS®
interests in many areas, including preventing
(NAR) has developed TheHeartOfTheMar-
harmful tax proposals from passing. For ex-
ket.com, a members-only Web site. From the
ample, in the last legislative session, lawmak-
relationships you develop to the process of
ers made several attempts to pass a real
selling a home, you are encouraged to submit
estate transfer tax. These types of taxes could
short stories explaining your passion behind
affect a homebuyer’s ability to purchase a
your work. Additionally, the Web site con-
home by increasing cost and potentially
tains tools that allow you to share your con-
BoR conducts free office visits
knowledge of ABoR’s processes and policies,
making the purchase unaffordable. TREPAC
tributions through social networking sites,
for members. These visits bring
third party products and MLS training. If
fought to stop these proposals. Your dollars
including Facebook and Twitter. Those who
the association’s resources di-
you are ready to learn more about current
share their insights on TheHeartOfTheMar-
rectly to you in the comfort of your own of-
government affairs issues or how TREPAC is
are well-spent with TREPAC, as they help
fice. ABoR staff members can discuss any
making a difference in the real estate com-
topic at an office visit that is within their area
munity, look no further than an office visit
of expertise. For small and large offices alike,
with ABoR’s Government Affairs Depart-
ABoR will plan an office visit to meet your
ment to keep you abreast of the latest hap-
schedule. These visits offer a convenient way
penings.
A
for you to gain new insight on real estate-ori-
The possibilities are endless for what
ented topics from a trusted and knowledge-
ABoR can cover during an office visit. To
able source.
schedule
your
visit,
go
to
ensure that these types of taxes and other unwanted real estate legislation does not get passed into law. Why wait to contribute? As little as $40 can help make all the difference. Imagine if one-third of ABoR’s more than 8,000 mem-
ket.com will receive an “I Love Being a REALTOR®” pin. NAR has also created a friendly competition to see which three real estate associations can generate the highest level of participation from members. Associations like ABoR work hard to provide you with the
bers made an investment to TREPAC for at
resources you need to succeed in the profes-
least $40. That would equate to more than
sion you love. Submit your stories to The-
$100,000 being raised to help protect REAL-
HeartofTheMarket.com by July 15 and help
Office visits can be interactive, allowing
www.abor.com/contact_us/home.cfm. You
you to format the discussion to fit the issues
will find a list of departments on the right
TOR® interests. Invest in TREPAC today at
showcase why Austin REALTORS® love
that are of most concern to your office and
side of the Web page. Select which depart-
www.abor.com/gov_affairs/trepac/.
their profession. RL
agents. Our MLS department is available to
ment you’d like to meet with and send them
discuss topics that affect MLS subscribers,
an e-mail request.
ranging from the rules and regulations to the MLXchange software. Would you rather dive into the social networking realm? ABoR’s
Your 2010 TREPAC Investment is Important
Marketing Department can talk about social
Have you made your 2010 investment to
media, ABoR’s online Learning Communi-
TREPAC? With the Texas Real Estate Political
ties and public awareness. The Membership
Action Committee (TREPAC) fundraising
Department is prepared to help expand your
year more than halfway over, now is the time
Subscribe to our Calendar of Events
www.realtylineonline.com
4
www.realtylineonline.com
May 2010
Realty line of austin
Debbie Thornal and Brian Pitman, both of Independence Title, show Vivian Caldwell and Chip Kidd of Chip Kidd Realty Services around the new Barton Oaks office in Westlake.
Joy Herring and Michael Neuman, both of Realty Executives, enjoy the Women’s Council of REALTORS monthly luncheon, which was held at the WCAoR offices.
These REALTORS get a kick out of participating in the WCAoR blood drive. From left: Lisa Salinas Gruver of Coldwell Banker United REALTORS, Monica DiSchiano of Best Agents in Texas, Theresa Seibold of Seibold Properties, Cari Bieter of Prudential Realty and Mike Luscier of Private Label Realty.
One benefit of the Small Office REALTORS meetings is always the educational presentations, but free pizza is also a major draw.
$WWHQWLRQ /RDQ 2IILFHUV DQG 5HDOWRUV Your solution to RESPA’S new Good Faith Disclosures has arrived! Introducing our new web application:
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Patten Law Firm A Closing Office for Texas American Title Company
Raising the Bar for Closing Services
May 2010
Realty line of austin
www.realtylineonline.com
The KB Kronicle APRIL 5, 2010
KBHOME.COM
512-651-8059
KB Home Ɔ’s REALTORS! (Left) Donna Brasfield, with Brasfield Real Estate in Taylor, enjoys an Energy Star presentation at the KB Home Summerfield community in Taylor.
(Left) Cristina Murphey, with Keller Williams, recently held a Homebuyer’s Seminar (Above) Tephanie Wilburn, with E-Infinity at the KB model home Realty, enjoys lunch at the KB Home Lakes at Lakes at Northtown. at Northtown model home. We appreciate the opportunity to work together with our local Realtor partners. Thank you Cristina!!
Spotlight Community of the Month
(Above) Colette Fitzgerald and Mike Foster, both with KB Home, are happy presenting to Realtors around Austin about the incredible quality and energy efficiency built into every KB Home.
Spring Trails in Pflugerville From the $140s • 1,411-3,741 sq. ft. • 2 model homes • 17 floor plans • 1~and 2~story homes • 3~5 bedrooms • 2~4 baths • ENERGY STAR qualified homes • Private recreation area with a lap pool, children’s pool, pool house, covered picnic area, park and playscape Spring Trails features large, 70-foot homesites and side load garage plans. Included features of the home collection include 9-ft. first-floor ceilings, rounded drywall corners, ceramic tile at the entry and 42-in upper kitchen cabinets. To Visit KB Home at Spring Trails:
Residents enjoy quick commutes to major employers like Dell, Samsung and IBM and
From I-35 in Round Rock, take Exit 250/SH-45 heading east. Exit have easy access to SH 130 and SH 45. Heatherwilde Blvd. and turn right, then right on New Meister and left on Springbrook to community. (512) 990-5304
Need a sponsor for an upcoming meeting or event? Need a space to hold your next meeting, class, or event? KB Home is always looking for opportunities to work together with our local Realtor partners. Please contact Colette Fitzgerald, KB Home Broker/Realtor Liaison at cfitzgerald@kbhome.com, 512-651-8059, for more information!
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Realty line of austin
May 2010
Lee Bauermeister of JB Goodwin REALTORS and Rene Israel of Realm Real Estate Professionals share information at the Women’s Council of REALTORS monthly networking meeting.
Steve Medina of Savvy Property Inspections teams up with fellow NAHREP members Ron Urias of Farmers Insurance and Daniel Gonzalez of Veritrans at a networking mixer at Saba Blue Water Cafe. Check out Steve’s column on page 17.
Holly Allen and Maggie Calbert, both of Keller Williams Realty, arrive at Westwood Country Club to learn more about water issues by listening to a speaker at the CRS luncheon.
May 2010
Realty line of austin
Williamson County Assoc. of REALTORSÂŽ
President’s Column J. Rene Ward
n
2010 President
ASSUME EVERYONE IS DOING THE BEST THEY CAN
6. Don’t over “cell� - nothing annoys
Occasionally, however when you believe
clients and customers more than someone
that ill intent was intentional, be civil and fol-
who takes phone calls on clients’ time.
low the dispute resolution process, rather
7. Be accessible - Don’t make it difficult for
than attacking. In subscribing to the Code of
people to contact you. Respond in a timely
Ethics, REALTORS pledge to act in an honest
manner.
and ethical manner with consumers, the pub-
8. Keep confidences - Don’t gossip about your listing, clients or customers. If you reveal confidential information to individuals who leak it, the damage to your reputation can be disastrous. Additionally, you may be
O
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www.realtylineonline.com
in violation of Article 1 of the NAR Code of
lic and fellow REALTORS. We are responsible to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession. For more information about the resolution
ne of life’s “aha� lessons came
1. Live by the golden rule - treat others as
from the realization that every-
you would like to be treated. Some people
one is doing the best they can
can be difficult, but if you treat everyone
do. If they knew how to do it better, they
with respect, fairly, honestly and follow
would.
through on your promises, when the dust
A REALTORÂŽ is a licensed real estate
settles and the closing is over, your character
agent or broker who is bound to a strict RE-
strates “Assuming the Best,� we’d like to
will speak loudly to everyone involved.
ALTORÂŽ Code of Ethics by becoming a
hear about it. Send it to wcaor@wcaor.org.
In the real estate profession, there is always an opportunity for misunderstandings.
Ethics. In all of this, what’s really important to remember is:
When someone does something that doesn’t
2. You’re being watched - Clients watch
member of an association such as the
make sense— don’t assume the worst, try to
how you treat other people and perceive
Williamson County Association of REAL-
understand their viewpoint.
that’s how you’ll treat them. Be on you best
TORSÂŽ. The Code of Ethics sets forth stan-
behavior and remember you are constantly
dards of conduct and professional integrity
being evaluated.
that are the hallmark of WCAoR and those
Everyone makes mistakes and they often deserves the benefit of the doubt. When disagreements happen, it may not be that some-
3. Respect other cultures - knowledge of
one has ill intent. Keep a cool head, and
other cultures will demonstrate your respect
assume positive intent. You will be amazed
and consideration. If you want their busi-
at how your whole approach to a person or
ness, you would be wise to invest some time
problem becomes very different when you
in understanding their unique needs.
assume the best. The way you conduct yourself and your business is a reflection on our industry. Here
4. Remember what mom said - It’s not polite to interrupt. Say hello, thank you and please.
are a few tips to help you cultivate the image
5. Be a doer - Get involved in your com-
of a professional that your clients, customers
munity and don’t just attend meetings, but
and other REALTORS will remember about
get involved because you want to help. Peo-
you and help them see you at your best:
ple will see your real motivations.
who call themselves REALTORSÂŽ.
P Proud rou d S Sponsor: ponsor:
go
tion/guidelines.cfm. Tell us if you have a story that demon-
Upcoming WCAOR Classes: 6/7 : TREC Legal and Ethics – Cedar Park location (6 hours legal) 6/10-11 and 6/17-18: GRI 2 – Marketing (30 Hrs SAE or 9 Hrs MCE) RL
www.realtyline online .com
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to:
www.texasrealtors.com/mr/ethics/arbitra-
Subscribe to our Calendar of Events Today.
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8
www.realtylineonline.com
Realty Line of Austin
May 2010
Jaime Elizalde and Kindra Zepeda of Independence Title take a seat after touring the title company’s new offices in Westlake.
Susan Zbranek and HBA’s Debbie Horridge take time to sing happy birthday to HBA president Steve Zbranek at the organization’s builder/associate mixer.
Bruce Kilpatrick and Tobi Barbre, both of Lennar Homes, welcome Larry English of RE/MAX Greater Austin to the new model in Falcon Pointe. Newland Communities’ Erin Cook, far right, hosted the event.
Patten Law Firm’s Tiffany Stillwell asks Gene Dillard of Coldwell Banker United REALTORS about his recent trip, while taking a moment away from the podium at Spotlight Austin. The event was held at Maggiano’s Little Italy and featured information about the City of Austin’s plans for furture growth.
May 2010
Realty line of austin
www.realtylineonline.com
Get your clients to move here. New friends will make them stay. When you show clients the real Teravista, helping them to move here becomes less of a decision and more of a foregone conclusion. Round Rock has become a vital part of the cultural capital of Texas. And Teravista’s Golf Club, with the breathtaking homes, make it impossible not to love. This makes your next sale a lot easier. Because the feeling your clients have is something they’ll share with all of their friends, especially the ones who don’t live here. Yet.
New homes from the $150,000s to the $350,000s • 1,534 - 4,570 sq. ft. Buffington Signature Homes • CastleRock Communities • Centex Homes • D.R. Horton Lennar Homes • Meritage Homes • Ryland Homes • Spicewood Communities • Wilshire Homes
teravista.com/agents
Newland Communities is the largest private developer of planned residential and urban mixed-use communities in the United States. We believe it is our responsibility to create enduring, healthier communities for people to live life in ways that matter most to them. www.newlandcommunities.com
*Access to, and use of, the Teravista Golf Club is not included in the purchase of homes or homesites and requires separate membership and membership requirements. Homes within the Teravista community are constructed and sold by builders not affiliated with the developer of such community or the developer’s affiliated companies. Prices, specifications and details are subject to change without notice. © 2010 Newland Communities. All rights reserved.
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Realty line of austin
May 2010
Supreme Lending’s Kirk Lewis and Josh Flores attend Patten Law Firm’s Spotlight Austin at Maggiano’s in The Domain, where attendees learned about Imagine Austin, the city’s comprehensive plan that provides broadlevel guidance on how Austin will grow and develop into the future.
Betsy Scheffe and Diane Johnson, both of Keller Williams Realty, browse for clothes during a mixer at Capra and Cavelli that the luxury homes and commercial divisions of Keller Williams Realty hosted.
As a member of the hospitality committee, Sonia Guardado of JB Goodwin REALTORS helps pass out utensils at the Women’s Council of REALTORS meeting.
May 2010
Realty line of austin
www.realtylineonline.com
The Blueprint of Commercial Success We’re looking at the big picture daily. In our ever-growing market, we’re continually developing strategies to provide you with the best possible experience now and in the future. We embrace the exciting technological advances of today and constantly strive to develop the most effective tools available in the industry to create systems that facilitate the growth of your business and secure a lasting partnership. Our will and determination has driven our level of customer service to the highest standards to gain the trust and enhance the experience for our loyal customers and new customers alike. Our knowledge and combined years of experience is our testament to assure you that you are working with the most proficient commercial team in Central Texas.
Commercial Team From left to right: Susie McCreary (Commercial Division Escrow Manager) Bill Bradshaw (Vice President - Legal) Marie Love (Senior Commercial Escrow Officer) Elizabeth Young (Senior Commercial Escrow Officer) Marie Farber (Escrow Officer) Bob Roberts (Senior Vice President/Commercial Division Manager)
Commercial C ommercial D Division ivision 100 Congress Congress A Ave, ve, Suit Suite e 100, A Austin, ustin, TTX X 78701 (512) 472-9231 w www.gracytitle.com ww.gracytitle.com
Partnerships Built on Trust
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Realty line of austin
May 2010
SHOW OUR NEW HOMES AND YOU’LL HAVE SOMETHING TO SHOW FOR IT.
One Source Realty hosts a rainy day open house at a listing in Tarrytown. From left: Meredith Cain and Shelley Roark, both of Nations Reliable Lending, Hunter Wheeler, builder, Laurie Nunnallee of First American Title, Ford Wheeler of One Source Realty and Ashley Howard of First American Home Warranty.
Nancy LaBarbiera, Ken Swan, Lisa Jacobson, and Carol Wolfe gather at an awards banquet honoring Coldwell Banker United REALTORS’ multi-million dollar producers. Michelle Bitner, third from left, of American Home Shield and Melinda Carroll, second from right, of First American Title, helped cheer them on.
Now, each time you register a new, qualified prospect at the Steiner Ranch Welcome Center, you will receive a $20 Gift Card to Nordstrom. The more you show, the more you collect! And the best part of all, these cards never expire. Call or visit the Welcome Center for details and start eyeing that new pair of shoes! Showing your clients new construction in Steiner Ranch is always in style.
Homes from the $250’s to $3+ million Welcome Center: 512-266-5833 or 800-783-4640 For more information, visit www.steinerranch.com
Builders: Taylor Morrison, Drees Custom Homes, Highland Homes, Monterey Homes, Sendero Homes, Partners In Building Custom Homes: Affinity Homes, Randy Rollo Homes, Echelon Homes. Information contained within this advertisement is correct at the time of publication and subject to change. In order to receive gift card, Realtor must accompany prospect into the Welcome Center on first visit.
May 2010
Realty line of austin
HBA of Greater Austin
13
President’s Column
plete five advanced courses in business
Strobel, Peter Strobel & Associates, Inc.;
Steve Zbranek
and project management. Builders are also
Donny Thomas, Zbranek Custom Homes;
required to pledge their commitment to a
Stan Voelker, Voelker Custom Homes; Ben
professional Code of Ethics.
Watkins, Steve Klein Custom Builder; Wes
n
2009-10 President
WHEN SELECTING A BUILDER, CONSIDER A GRADUATE MASTER BUILDER
Professional designations are an indica-
n Visit www.AustinHomeBuilders.com
to find a builder who goes above and beyond
tion that a builder is staying current with his or her education. Having a professional designation means that the builder must
A
www.realtylineonline.com
The following builder members of the
Wigginton, Four Square Builders; Herk
HBA of Greater Austin who hold the GMB
Wotkyns, DesignWerks Inc.; Antonio Ure-
designation in good standing are:
sti, Hacienda Construction Co.; Steve
Brent Allison, Lake Travis Builders;
Zbranek, Zbranek Custom Homes
Brady Behrens, Casa Bella Homes, Inc.;
Other professional designations include:
Weldon Boehl, Tilson Home Corporation;
Certified Graduate Builder (CGB), Cer-
Bernie Brooks, David Weekley Homes;
tified Graduate Remodeler™ (CGR), Grad-
Christopher Carty, Durrett Interests, LLC;
uate Master Remodeler™ (GMR), Certified
Michael Cohen, Pillar Custom Homes,
Aging-in-Place Specialist (CAPS) and the
Inc.; James Dimanoff, Pecan Valley Cus-
Certified Green Professional (CGP).
tom Homes, LLC; Marshall Durrett, Dur-
Years ago homebuilding professionals
rett Interests, LLC; Gary Grambley,
had to travel to take these courses. Now we
Sterling Custom Homes, Inc.; Dallas
don’t even have to leave Austin to stay up-
Grant, Dallas Grant Construction, LLC;
to-date on the latest in industry education.
Andy Hempel, Prestige Custom Homes;
Through the HBA, which has the best edu-
Thomas Hobbs, Tom Hobbs Co.; Tony
cation plan in the nation among associa-
Holt, Zbranek Custom Homes; Jason
tions its size, professional designations are
Hoover, Taylor Morrison; Ken Kahanek,
available right here at home. With access to
Kennen Kahanek Custom Builder, Inc.; Joel
affordable education and a growing reper-
Katz, Katz Builders, Inc.; Glen Kephart,
toire of new skills in sustainable and af-
Giex, Ltd.; Becky Krause, Hunnicutt & As-
fordable building processes, we can pass
sociates, Inc.; Bruce Kunz, Veloz Homes of
those savings directly to your clients.
s a REALTOR® you know it’s
pursue several hours of continuing educa-
a good time to be a home-
tion each year, ensuring that they are up to
buyer. Not only are there
date on the latest standards and practices
plenty of homes on the market, but in
in the industry. Builders earn designations
Austin we have no shortage of talented
by taking nationally recognized courses
home builders. The Home Builders Associ-
with the HBA and the National Association
ation (HBA) of Greater Austin alone has
of Home Builders (NAHB) in topics rang-
over 800 members— many of our builder
ing anywhere from green building tech-
members
owned
niques to remodeling to construction
builders— who are all working together to
management. The training is rigorous, and
protect every family’s right to home own-
while having a designation is not required
Texas; Duke McDowell, Sterling Custom
To find a builder with a professional
ership. Our builder members construct
by law, it’s one indicator that a builder has
Homes, Inc.; Gary Henley, Henley Homes
designation, go to www.AustinHome-
95% of the new homes in the greater Austin
gone above and beyond to stay at the top
Inc.; Mark Myers, MM Custom Homes,
Builders.com, click on the “Home Buy-
market. To make your search easier, the
of his craft. Some examples of professional
Ltd.; Eric Perkins, Cactus Wood Homes;
ers/Homeowner Info” section, and select
HBA has some search features on its Web
designations include:
are
small,
locally
Alex Pettitt, Spring Builders, LLC; Vick
“Search Builders and Remodelers with Pro-
site to help you out. At www.AustinHome-
Graduate Master Builder (GMB) - To
Pope, Sterling Custom Homes; John
fessional Designations.”
Builders.com, you can search by builder
earn this top designation, a builder must
Smallwood, Zbranek Custom Homes;
To learn more about how to choose a
name, search custom builders, green
complete a regularly updated curriculum
Robert Swett, Robert Stephen Homes; Jim
builder or buy a new home, visit the HBA
builders, and lastly, builders with profes-
of industry related topics, have a minimum
Rush, Jim Rush Green Builder, Inc.; Matt
Web
sional designations.
of 10 years experience in the field and com-
Sitra, Matt Sitra Custom Homes, Inc.; Peter
www.AustinHomeBuilders.com. RL
We’re We’re local. Our clients jump for our in-house processing, underwriting underwriting and closing! TTalk alk to the professionals at United Lending about financing your pad.
site
at
14
www.realtylineonline.com
Realty line of austin
May 2010
Natasha Puccio, Chris Amador and Alilison Ulrich, all of Patten Law Firm, are pleased to see everyone enjoying the excellent food at Maggiano’s Little Italy, where the company held Spotlight Austin.
Barbara Houston of Sky Realty, John Schutze of Cornerstone Mortgage and Yendra Kamal of Austin Texas Realty learn about the 10 most common mistakes REALTORS make on contracts by attending the Small Office REALTORS meeting at ABoR.
Kara McGregor, left, and Bill Tamm, right, both of Independence Title, welcome Beth Thompson of Cornerstone Mortgage and Jennifer Keefer of Capital City Sotheby’s International Realty to the Sweet New Suite open house at the company’s Barton Oaks location.
Carter Williams checks his style during a mixer that the luxury homes and commercial divisions of Keller Williams Realty hosted at Capra and Cavelli.
Renovation Financing
Help your remodel customers maximize their renovation dollars Recognized as the nation's #1 originator of renovation financing, our renovation loan options may provide your customers financing power to remodel, repair, improve and bring out the most in their home. • Fixer-uppers, rehabs, and properties in any condition are eligible • Provide your customers a loan amount that is based on the completed value of the home after improvements with our Purchase & RenovateSM program • Qualified customers can transform a “before” with a loan based on the upgraded “after” • We can lend up to 110% of the after-improved value To learn how your buyers may benefit from renovation financing, call today!
Annie Fojtik Renovation Specialist 3601 Far West Blvd. Austin, TX 78731 Phone: (512) 344-7887 Cell: (512) 633-2883 Annie.L.Fojtik@WellsFargo.com www.wfhm.com/annie-fojtik Information is for real estate professionals only and is not intended for distribution to consumers. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2009 Wells Fargo Bank, N.A .All rights reserved. #67954 12/09-3/10.
May 2010
Realty line of austin
Women’s Council of REALTORS®
President’s Column Susanna Boyer
n
2010 President
A MESSAGE FROM YOUR PRESIDENT
L
cake and in the accompanying basket was
attended the District B (Austin,
coffee beans with four mugs, a bottle of
San Antonio, Hill County, High-
Kahlua and four cordial glasses; a margarita
land Lakes, Brownsville and McAllen chap-
cake and basket with tequila and four mar-
ters) meeting held at South Padre Island, and
garita glasses; and a shoe box cake was ac-
came back not tanned, but with more knowl-
companied with a $100 gift certificate to
edge. We actually didn’t have time to set foot
DSW shoe store.
on the beach. We attended a TREC Legal Up-
We will also have a special guest during
date class for our morning session and in the
the Bake Off event. Mr. Mike Barnett, Politi-
afternoon session we were given some great
cal Affairs director from the Texas Associa-
tips on communication and were thoroughly
tion of REALTORS, will be on hand
entertained by Ms. Kay Kerr from the
providing us with NAR Hill visit update and
McAllen chapter.
a State of Address for Texas. Socar Chatmon-
15
Night LIVE! is on its way. Mark your calen-
positions. The positions that will be open are
dar for Monday, June 21. If you, or a REAL-
president-elect, vice president of Member-
TOR® you know, would like to share your
ship, secretary and treasurer. Please e-mail
talents, acts, singing and/or dancing, and be
your nominations to the Nomination Com-
eligible for prizes, contact Mary Mealy at
mittee Chair Marie Dang-Schwartz at dan-
554-8335 or Becky Hopkins at 656-7095.
gschwartz@earthlink.net.
If you would like to sponsor this fun
If you have any questions regarding nom-
event, please contact me at 785-4568. For
inating someone or self-nomination, please
silent auction donations, contact Anita Farrell
direct them to Marie at 431-5365.
at 633-7510. ast month several of our members
www.realtylineonline.com
We are in the midst of another Member-
Watch your inbox for additional informa-
ship Drive. Details will be given at our Busi-
tion. Don’t be left out in the cold— make
ness Resource Luncheon (TREPAC Bake Off)
plans now to attend this hot event!
on May 27. I looking forward to seeing you
Nominations are open for the 2011 officer
all there. RL
Thomas will serve as Auctioneer and so far a
4th Annual Bake Off
few Celebrity Bakers are: Susanna Boyer,
Announcing the WCR 4th Annual Bake
John Horton, J. Rene Ward, Susan Horton,
Off for TREPAC! This exciting event will be
Becky Hopkins, Sytha Minter, Pam Draw-
held on Thursday, May 27, at the Austin
baugh, Lise Renee Lucci, David Burton,
Board of REALTORS®.
Carrie Weikert, Christy Gessler, Joe Stew-
Join in the fun…come contribute to TREPAC and eat your cake too! Celebrity bakers will have wonder pairing with their sweet selections. Examples from past bake offs are Kahlua
art, Socar Chatmon-Thomas, Sumina Bhatti and Cindi McIntyre. WCR Variety Show - Monday Night LIVE! A REALTOR’S Variety Show - Monday
James Doolin of Keller Williams Realty makes Tracey Blair of Gracy Title feel welcome at Keller Williams Realty’s luxury homes and commercial divisions mixer.
All 3-hour MCE courses are FREE! Register Today! earn 3 MCe credits at one of our upcoming valuable seminars.
“Exceptionally good class. On topic and very well presented.” — Don Gross, broker
Instructor
“Your class was very organized and the material given was excellent!” — Rosemary Follis, Rosemary Follis Real Estate
Certified Mortgage Planner Provider #0606
“Outstanding presentation. Excellent materials – easy & useful references.” — Garreth Ellzey, Century 21
Mark hairston Direct 789-6967 Mark@TexasMortgageIQ.com
“I would give your credit scoring class a 10! I think this course is a MUST!” — Vickie Boozer, CRS, GRI, ABR, e-Pro, REALM Professionals
16
www.realtylineonline.com
Realty line of austin
May 2010
Lominta Loving Loftis of Pacesetter Properties, right, and Pam Fuchs, guest, enjoy hearing about Imagine Austin, the city’s comprehensive plan for how the city will grow and develop into the future. They heard the presentation at Spotlight Austin.
Sherri Williams and Todd Whelpley enjoy sharing success stories at the luxury homes and commercial divisions mixer that Keller Williams Realty hosted.
Susie Rogers, left, and Sherri Teepen, right, both of Keller Williams Realty, partner with John Gerarde, managing partner of Maggiano’s Little Italy, to help him promote his business by hosting a special dinner party there. Register at www.maggianos.com and get $10 off your next meal.
Texas American Title is pleased to announce
Summer Pavliska
S
Account Executive Serving the Williamson County Area
Summer brings over 15 yrs. combined experience in Title Insurance, Mortgage and the Real Estate industry. Given her experience, commitment to excellence and sincere passion for building relationships in the market place and the community, these qualities are assets to both Texas American Title and you the client. “I am excited to be back at Texas American Title where my title adventure first started 15 years ago. Although the industry is constantly changing, you can count on me to help your continued success. Outstanding service and teamwork along with efficient closings will help bring all of us more referrals. We look forward to working with you and your clients.”
Cedar Park Office 715 Discovery Blvd., Suite 205 Cedar Park, Texas 78613 Office 512-259-5950 Fax 512-259-0540 Mobile 512-577-5166 spavliska@texasamerican.com
TEXAS FRIENDLY. AMERICAN PROUD. WE KNOW TEXAS.TM
May 2010
Realty line of austin
Experts Speak Out
Commentary Steve Medina
n
Savvy Inspections
FAVORITE INSURANCE COMPANY AMONG ADJUSTERS
www.realtylineonline.com
are all strictly regulated by the feds and the
its policyholders— you. Of course, you can
states they are admitted in. Nonpaying com-
always ask an independent insurance ad-
panies gamble on whether the client will
juster or even a public adjuster. By the way, a
make a fuss or not. Most customers don't.
public adjuster represents the policyholder,
How can one tell which insurance com-
somewhat like an attorney does for their
pany has the best interest of their policy-
clients. So, according to most adjusters, which
holder? One way is by finding out whether it
insurance company pays the most and which
is a stock company or a mutual company.
pays the least? Let's just say, a good neighbor
A stock company is owned by stockholders, whereas a mutual company is owned by
T
his is a difficult subject to write
whether the insurance company replaces the
about because insurance law and
damaged property or repairs it. You see, in-
policy is confusing and takes too
dependent adjusters get paid a percentage of
many paragraphs to explain and keep the
what the company pays the client, and insur-
reader interested. People’s opinions vary, but
ance adjusters don't like the word "repair," be-
this one comes from inside experience.
cause they know that "repair" usually pays
Whether it is a homeowners' or building
less. After storm damage, most adjusters are
owners' policies, independent insurance ad-
also from out of town and have hotel and
justers know first hand which insurance com-
food expenses to foot, so working a claim for
panies pay their claims fully and which ones
five hours at a profit of $200 is not worth the
skimp. After damaging weather such as hail
effort, not to mention dealing with an angry
storms or hurricanes, licensed independent
family whose adjuster just told them their
insurance adjusters hit the ground in large
damaged roof will be repaired and not re-
numbers and adjust policy holders' insurance
placed. "I'm sorry sir, but after estimating
claims on behalf of insurance companies. In-
your damage, the dollar value is less than
surance companies hire these independent
your deductible, so there will be no check for
adjusters temporarily as subcontractors to
you." And that happens after serious storms.
handle the large volume of claims their in-
A plumbing pipe could burst at any time
house people can't handle. Not all adjusters
creating damage. With no emergency, the in-
are skilled or experienced, however. Some
surance company usually sends out an in-
have never even worked in construction;
house adjuster who is usually on salary and
there lies one difference between a good in-
gets a bonus percentage for what he doesn't
surance company that hires skilled adjusters,
pay. That again depends on the insurance
and the ones that don't. It also depends on
company. They aren't all the same, but they
Affordable LOW-MAINTENANCE LIFESTYLE, LAWNCARE INCLUDED
is one who pays his debts. Putting your trust in the hands of others is risky. RL
Find out what’s happening in real estate. Visit our Calendar of Events page on our Web site.
www.realtylineonline.com
C edar P ark f rom t he $130’s 19 HOMES R EADY T O C LOSE
Coming Soon! New Community in Lakeway area
NEW
1-Storyan
l Floor P
Zero Down Payment Programs Available!
Comfortable PRIVATE COMMUNITY POOL & WALKING PATHS
Enjoyable SHOP, DINE & PLAY nearby
Townhomes from the $130’s
Garden Homes from the $160’s
512-215-5220 Angie Miller 512-470-3925 Katy Flansburg 512-215-5220
512-215-3424 Wendy Feeley 512-699-7333 Jim Halvorsen 512-756-3064
1900 Little Elm Trail, Cedar Park
11400 West Parmer Lane, Cedar Park
Take 183A North to the Brushy Creek/Cypress Creek Exit. Turn left at light & travel 1.7 miles on Cypress Creek Rd., then left on Juliette Way & left on Little Elm Trail. Cypress Creek Townhomes are just ahead on the right.
17
Both Communities FHA Approved
www.MyMileStone.com
From Hwy 183/Toll Road 183A, head East on Brushy Creek Road, turn left on Parmer Lane. Paradiso Villas is 1/4 mile on the right.
18
www.realtylineonline.com
Realty line of austin
May 2010
Gail McClanahan of JB Goodwin REALTORS joins Women’s Council of REALTORS president Susanna Boyer and her husband Roland Boyer at the UT Club during a recent monthly mixer.
Tiesa Holloway of North American Title gets ready to save a life by donating blood at the Williamson County Association of REALTORS blood drive.
Bob Almand and Larry Maywald ask Tom Grant of Centerra Homes about the one- and twostory homes being offered in Falcon Pointe. They were attending a recent grand opening that Newland Communities hosted.
AYREP’s vice president of marketing Jenny Carroll, standing left, prepares to knock down some pins with teammates Emily Matthews of Sotheby’s International Realty, Ashley Brinkman of Prudential Texas Realty and D’Ann Faught, seated, of the Good Life Team.
Looking to hang your hat elsewhere? Supreme Lending of Austin is looking for well-qualified Mortgage Professionals. Supreme Lending has all the tools that you will need to be successful in today’s changing market place. On-site Underwriting and Processing If you want to join a winning team and find out more information about this opportunity, call 512-279-1150 or e-mail John.McClellan@SupremeLending.com
Listen to the radio show “The real estate Zone” every Sunday 11 to Noon on News radio 590 KLBJ and 99.7 FM FhA • VA • Conventional • USdA
May 2010
Realty line of austin
www.realtylineonline.com
19
20
www.realtylineonline.com
May 2010
Realty line of austin
Nicole Guthrie and Sheila Hilts of Sheila Hilts Real Estate check out the Barton Oaks office that Independence Title recently opened.
Eric Copper, Russell Martin and Kat Brooks, all with Keller Williams Realty, enjoy the mixer at Capra and Cavelli that the company’s luxury homes and commercial divisions hosted.
Gerard Bourgeois of Goldwasser Real Estate, right, enjoys a lively conversation with Terry Carter of Carter Construction about the role REALTORS play in helping builders sell their homes. They were at Spotlight Austin, an event hosted by Patten Law Firm.
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May 2010
Realty line of austin
www.realtylineonline.com
Does D oes Y Your our Br Broker oker P Provide rovide L Less ess and Take Take M More? ore?
100% *
COMMISSIONS Keep 100% of your Commission * Less a $295 transaction fee (includes E&O / Admin)
For an appointment to discuss your qualifications call 512-524-8880
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7719 Wood Wood Hollow Drive • Suite 102 • Austin, TX • 78731 • 512.524.8880
© 2010 P Private rivate Lab Label el R Realty ealty ®, A Allll R Rights ights R Reserved eserved
21
22
www.realtylineonline.com
May 2010
Realty line of austin
Diane Johnson, Donna Guest and Debbie Fontenette, all of Keller Williams Realty, share a moment at a dinner party at Maggiano’s Little Italy that Sherri Teepen and her partner Susie Rogers hosted. Register at www.maggianos.co m and get $10 off your next meal.
Anne Cano and Becky Debutts, both of Realty World Neal Barnes & Associates, get the latest information on the Falcon Pointe community in Pflugerville at a recent model home grand opening.
Marie Dang Schwartz, standing center, introduces her guest Ashley Palmer, standing left, to several other Realty Executives associates who were interested in hearing about UT Club membership at a recent WCR function. Seated: Chris Rodriquez and Susan Brown and standing right, Joy Herring.
Ellen’s Staging Tip: No-See-’M Paint Touch Ups
As they stand in front of Lake Austin, Les Sherman of RE/MAX Austin Associates and Camille Ulmann of RE/MAX Austin Skyline get ready to learn more about its history from a speaker at the CRS luncheon.
Success
• Clean dirt and smudges before getting out the paint can. ~ Clorox cleaning cloths will remove an amazing amount of grime.
for 2010
• Mr. Clean ERASER is magic on doors and woodwork. • A little spackling compound goes a long way! ~ Place a bit of Spackle then wipe away excess with a damp sponge to avoid covering the texture of the wall. • Don’t use a paintbrush for touch ups! ~ Use a Q-tip dipped in a bit of diluted paint. Precision is the key.
Do your sellers need professional staging? Call me today for a “MAKE A DIFFERENCE” consultation.
TThe he SSente ente Business Building Tip Tip of the Month: Your Inner Circle are your advocates—people who will only do business with you and who will always recommend you to others. Treat these people like the priceless resources they are!
ente M ortgage Power Power Lunch Lunch at SSente Mortgage th May May 19 – 12 noon “Build Your Your Inner Cir Circle” cle”
Ellen is ready to help you set the stage for professional results. Ellen Boettcher, president 512.751.1756 Ellen@StagingByDesign.com
TToo rregister, egister er,, go to to
www.SenteLearning.com w ww.SenteLearning.com and click on AAustin ustin Power Power LLunches unches For more information about how Sente Mortgage can help you and your clients with mortgage needs, call 512 • 637 • 9900
May 2010
Realty line of austin
www.realtylineonline.com
23
Real estate professionals enjoy conversation and browsing at a recent mixer at Capra and Cavelli. The luxury homes and commercial divisions of Keller Williams Realty hosted the event.
Stephanie Powell and Rita Santamaria, both of Champions School of Real Estate, thank WCR president Susanna Boyer for inviting Rita to show members what she knows about business production through networking.
NAHREP president Lisa Renee Lucci of Exit Realty calls the meeting to order at Cool River Cafe.
Tanya Johnson of Keller Williams Realty, Jason Cheng of Land Design, Holly Haun of Independence Title, Kindra Zepeta of Independence Title and Lori Bolton of Capital Metro Realty enjoy refreshments at the AYREP bowling tournament and happy hour.
24
www.realtylineonline.com
May 2010
Realty line of austin
Sherri Teepen, Joe Williams, Janine Williams and Susie Rogers, all of Keller Williams Realty, enjoy a dinner party and cooking lesson at Maggiano’s Little Italy. Sherri and Susie hosted the event. Register at www.maggianos.co m and get $10 off your next meal.
Chuck Larino and Jack Sprott of Century 21 Realty chat while touring the Barton Oaks office, where Independence Title held an open house.
Alisa LeBlanc of North American Title, who serves as AYREP’s vice president of events and education, congratulates Seth Thompson of ZIP Realty for winning a ticket to The ABoR Foundation’s luxury homes tour for being a part of the winning bowling team at AYREP’s tournament at The Highball.
http://www.austintitle.com/ h t tp: //w w w. aus tintitle.com /
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Central C entral Texas Te xas TTitle Te itle Companies Co m p a n i e s
WESTLAKE
Kay Milligan Crystal Warner
Distinctively Central Te Texas Kay Milligan Kay Milligan ca lls Georgetown and Williamson Count y home. As a 3rd generation tit le professiona l w it h 20 years experience in Centra l Texas tit le, she is uniquely sk illed at understanding and solv ing problems. Her hometown friend liness, composure and experience combine wit h a dedicated of f ice staf f and historic Georgetown Square location to create a richly aut hentic closing experience for you and your customers.
Crystal Warner Crystal Warner is a new face in the title business bringing 3 years of escrow support experience with her as well as substantial training and mentoring from several of Austin Title’s most tenured and respected Escrow Off icers. She has learned the value of responsiveness, sincerity and dedicated work habits required to insure customer satisfaction and a successful closing experience.
May 2010
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Realty line of austin
May 2010
NAHREP president Lise Renee Lucci greets Jason Garza as he arrives at Saba Blue Water Cafe for a business networking mixer.
Michelle Busby and Dianna Kokoszka, both of Keller Williams Realty, enjoy Maggiano’s Little Italy, where Sherri Teepen hosted a special dinner. To enjoy $10 off your visit, register at www.maggianos.com.
Corrine Costabile of Keller Williams Realty thanks ABoR Rookie of the Year Anna Maria Garcia of the Armstrong Group for being one of the panelists at the Women’s Council of REALTORS meeting. Colette Fitzgerald of KB Home, right, discusses business with Tracy Dvorak of Tracy Dvorak Appraisals at Spotlight Austin, which Patten Law Firm hosted. KB Home was one of the event’s sponsors.
May 2010
Realty line of austin
Experts Speak Out
Commentary
sional and business services grow 15% in
compares to 17 relocations in 2009 (547 new
David Tandy
that period, and we’re highly concentrated
jobs), 21 relocations in 2008 (1120 new jobs),
in that segment, so Global Insight’s expecta-
31 relocations in 2007 (3,125 new jobs) and
tion that high tech and services will lead job
36 relocations in 2006 (3,878 new jobs).
n
Gracy Title Company
CAN AUSTIN’S JOB CREATION KEEP UP WITH ITS POPULATION BOOM?
A
ccording to the US Census pro-
ulation being employed. So, assuming
jections,
Austin-Round
Austin will increase 50,000 new residents
Rock MSA will increase 50,000
per year, 53% or 26,500 of those new resi-
the
27
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to 60,000 residents each year for the next
dents need jobs.
growth out of the recession is good for us.
Here’s a list of the companies who have
That industry is 14% of our total jobs and
chosen to move to Austin so far this year:
second only to government.”
Social Media Business Council (Digital
You can find more information regarding
Media), Cinsay (Digital Media), Facebook
Global Insight’s projection on the Chamber’s
(Digital Media), Incisent Technologies
Web site: News and Events - @theChamber
(Software), Joule Biotechnologies (Clean
Weekly Newsletter.
Energy), LegalZoom (Hdqs/Regional Of-
A final and
fice),
Pioneer
Surgical
critical part of the
2005
25,100
3.7%
Technology (Medical De-
“job growth” pic-
2006
41,700
5.9%
vice/Bio
ture for Austin is
2007
24,800
3.3%
Hanger Orthopedic Group
driven by compa-
2008
24,800
3.3%
(Medical Device/Bio Sci-
nies who relocate
2009
(20,200)
-2.6%
ences).
2010
18,211 (p)
2.4%
2011
20,979 (p)
2.7%
Science),
and
decade resulting in over 500,000 new resi-
The chart below shows that Austin has
dents, equal to the population of Austin in
historically experienced excellent growth
1980. And it’s not just Austin that will expe-
and job creation. From 2005 to 2008, Austin
rience such dramatic growth; Texas will
created an average of 27,100 jobs. Austin
grow 20% per decade over the next several
continued to create jobs until May of 2009,
division/branch
decades increasing from 25 million today to
but finished the year with a revised loss of
such as Facebook recently announced. The
over 44 million by 2040. Although such
20,200 jobs. Recently, HIS Global Insight pro-
Chamber reports that they had 125 site visits
Job creation drives everything in real es-
growth brings both opportunities (creating
jected the annual growth rate for Austin
from companies interested in relocating to
tate — both residential and commercial. If
a huge demand for housing!) and challenges
through 2013 which would result in about
Austin in 2007, 132 in 2008, and 161 in 2009.
the jobs are not available as our population
(think: roads!), the biggest impact on our
18,000 new jobs for this year and 21,000 next
They’ve had 57 from January to March of
increases, then unemployment increases and
community will be the ability to create
year. Although this number of jobs may not
this year which would project out to a record
our economy is severely impacted. We are in
enough jobs for the large increase in resi-
fully address the demand, it still ranks
200+ site visits for 2010. The increased inter-
a good position to meet the demand in pop-
dents. Therefore, it’s helpful to look at
Austin (again) as the number one job market
est in Austin has resulted in 8 relocations so
ulation growth with new jobs, which is very
whether Austin has historically been able to
in the top 50 metros in the U.S.
far this year resulting in 1,122 new jobs. This
good news for local real estate. RL
create the number of jobs needed, and, going
And what industries will create these
forward, look at what types of industries
jobs? Beverly Kerr with the Greater Austin
will create those jobs.
Chamber of Commerce explains: “The serv-
The 2010 projected population of Austin
ice sectors are where job growth is going to
is 1,712,647 while the projected 2010 Civilian
happen as we pull out of the recession, ac-
Workforce is 909,600 or 53% of the total pop-
cording to Global Insight. We saw profes-
their businesses to Austin or open a
new
Source: Austin Chamber of Commerce
The increased site visits from companies looking to relocate to Austin is an extremely good indicator for
job growth in Austin.
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Party P aaand rndty PROPERTY TOUR OUR PROPERTY T
d e l l e Canc
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C O N D O M I N I U M S
June J une 110th 0th 5 5-8PM -8PM Tickets Tickets $10 $10 FOOD • L FOOD LIVE IVE M MUSIC USIC DRINKS DRINKS • DOOR DOOR P PRIZES RIZES
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www.fairwayauustin.com
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Event sponsor David D’Aprile of Realm Real Estate and Bethany Campbell of Cantera Real Estate get ready to choose a bowling ball to participate in the AYREP bowling tournament at The Highball.
N North orth A American Ame merican Title’ Title’s s Round Round R Rock ock Team T Tea am m
Dawn Da awn Schweter Schweter Branch Branch Manager Manager ((VFURZ 2IÀFHU VFURZ 2IÀFHU
Cindy B Blow low ((VFURZ 2IÀFHU VFURZ 2IÀFHU
Alisa LeB LeBlanc lanc
M Marketing arketing Director Director Central, Central, N Northwest orthwest A Austin ustin
Your Y our Cl Closing osing Professionals. Pr ro ofessionals. W Wee aare re your yo u r escrow e s c row team t e a m in i n the t h e closing c l o s i n g process, p ro c e s s , providing p ro v i d i n g solutions solutions tto o tthe h e complicated c o m p l i c a t e d procedure p ro c e d u re of o f buying b u y i n g and a n d selling s e l l i n g real re a l estate. e s t a t e . We We go go aabove b o ve and a n d beyond b eyo n d to t o provide p ro v i d e peace p e a c e of o f mind m i n d to t o all a l l parties p a r t i e s involved. i nvo l ve d .
Tickets can be purchased online www.abor.com or Contact one of ABOR’s “Friends of the Foundation” All proceeds from this event will benefit the ABoR Foundation 501 3(c), a charitable organization that distributes scholarships, promotes real estate-related research and serves the community. www.nat.com www w.na at.com
DOWNTOWN DOWNTOWN AUSTIN AUSTIN &RUSRUDWH 2IÀFH &RUSRUDWH 2IÀFH 823 Congress Congress Ave., Ave.,, #1400 Austin, TX 78701 512.482.0851
AUSTIN AUSTIN RESEARCH RESEARCH 12301 Research Research Blvd. Bldg.. 4,, Suite 120 Austin, TX 78759 512.249.0576
NORTH AUSTIN NORTH AUSTIN 5608 5608 Parkcrest Parkcreest Drive Drivee Suite 150 Austin, 78731 Austin,TX X 78731 512.302.3892
ROUND ROUND ROCK ROCK 1Chisholm Trail Trail Suite 3100 Round 78681 Round Rock, Rock,TX X 78681 512.255.6550
May 2010
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Real Estate
News & Notes
reALTOr John Mick Moves Business to re/MAX Capital City, reALTOrS
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29
Austin’s 2010 Elite 25 REALTORS Announced Gracy Title today officially announced the names of the greater Austin real estate agents who were selected as 2010’s Elite 25 group. Founded by Stewart Title in 1994 and coordinated now by Gracy Title after merging with Stewart in 2008, the Elite 25 represents Austin
Jeff Osborne, Owner of RE/MAX Capital City, has announced that top producing RE-
real estate agents who are in the top 1% of their industry and serves as a national referral
ALTOR John Mick is moving his business to his office. Mick, who was previously affiliated
network for REALTORS in the high-end market. Criteria for selection into the Elite 25℠ is
with Century 21, made the transition to RE/MAX® to access the network’s extraordinary
based on home sales in the Austin area and other factors including realtor volume. The
educational programs, brand recognition, lead generation system, and for the benefits of list-
Elite 25 gives the top luxury home agents the opportunity to network with other proven
ing client’s properties on the state’s largest real estate Web site, www.remaxtexas.com show-
real estate professionals. Every year, successful agents apply and a small group is selected based on changing
ing over 200,000 listings. “We fully expect John to hit the ground running here, and are very pleased to be adding
criteria. In order to apply, all applicants had to have sold at least $7 million in residential
a veteran with his experience,” said Osborne. “We’ve seen how he handles clients, and the
sales volume in addition to selling at least three homes above $500,000, one of which must
quality of professionalism he demonstrates in every phase of customer service. As one of the
have been over $1 million. The final qualifying criteria for 2010 selected agents that had
most successful REALTORS in the Austin market, we look forward to learning from John
sold at least four homes above $500,000, two of which must have been over $1 million.
and adding his energy to our office.
Coldwell Banker United, REALTORS announces Million Dollar Club agents
The agents are: Kay Andrews, Amelia Bullock REALTORS; Gene Arant, Keller Williams Realty; Jana Birdwell, Coldwell Banker United, REALTORS; Kathleen Bucher, Keller Williams Realty; Roxan Coffman, Roxan Coffman Properties; Tommy Cokins, Tommy Cokins, Broker; Susan Doyle, Avalon Realty Company; Susie Dudley, Amelia Bullock REALTORS; Patrice Duff, Moreland Properties; Lisa Foster, Avalon Realty Company; Anne
The Westlake office of Coldwell Banker United, REALTORS is proud to announce their
Giles, AvenueOne Properties; Cynthia Goldrick, Wilson & Goldrick; Laura Gottesman,
Million Dollar a Month Club for March 2010: Sue Barrilleaux, Jana Birdwell, Brian Fahey,
Gottesman Residential Real Estate; Lisa Gray, Vox Real Estate; Cindy Greenwood, More-
Paula Greenfield, Barbara Gremillion, Tosca Gruber, Roselind Hejl, Eve Kush, Ryan
land Properties; Susan Griffith, Amelia Bullock REALTORS; Todd Grossman, Realty
Rogers, Nancy Utkov and Pat Vincent.
Austin; Patty Johns, AvenueOne Properties; Eve Kush, Coldwell Banker United, REALTORS; Kirk Lewis, HomeCity Real Estate; Charlotte Lipscomb, AvenueOne Properties;
Victoria reviel Opens 98th Meridian, a Boutique Brokerage
Desmond Milvenan, Turnquist Partners REALTORS; Eric Moreland, Moreland Properties; Russ Phillips, Keller Williams Realty; Kathryn Scarborough Bechtol, Turnquist Partners REALTORS; Shannon Schmitz, Turnquist Partners REALTORS; Bertina Schreiber, More-
Victoria Reviel has launched 98th Meridian, a boutique brokerage company in Austin.
land Properties; Cord Shiflet, Moreland Properties; Dee Shultz, Keller Williams Realty;
“I am proud to announce the opening of 98th Meridian; it has been a dream of mine for
Jeannette Spinelli, AvenueOne Properties; and Jeanne White, Amelia Bullock REALTORS.
many years,” said Victoria Reviel, broker. Victoria has served from 2006 to 2008 on the Board of Directors for the Williamson County Association of REALTORS (WCAoR) and is currently the President-elect. “I am also getting prepared to become President of WCAoR in 2011 , I am so excited about this new page in my life and look forward to working with Texas REALTORS and serving our clients for many years to come.” Check our Web site at www.98thmeridian.com.
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TREC Instructor Provider: Mortgage Acuity Provider No. 0688 mortgageacuity@austin.rr.com 512.789.5250 Direct
June 15th 9:00am to 12:00pm
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May 2010
Realty line of austin
CRS regional director Fred Norton and CRS education chair Carrie Weikert attend the organization’s meeting where they learned about water supplies.
Emily Provost Oscar Mendez and Rachelle Anselmi of Sky Realty pass on compliments to Emily Morris of Independence Title about the company’s new location in Barton Oaks.
AYREP’s vice president of sponsorship Shannon Powell of ZIP Realty and AYREP secretary Stephanie Parker pass out tickets at the organization’s bowling tournament and happy hour at The Highball. Rosangely Hernandez and Ramon Hernandez, both of Bamboo Realty, enjoy the NAHREP mixer at Saba Blue Water Cafe.
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Colleagues enjoy great conversation and refreshments at Independence Title’s open house for the Barton Oaks office.
Carolyn Wyckoff of Wyckoff Real Estate and Ann Marie Sandlin of Rita Kays REALTORS talk about TAR history and a friendship that goes back many years. They were among those attending the WCR luncheon at the WCAoR office.
Peg Braxton and Mary Lynn Gibbs, both of Keller Williams Realty, enjoy a special dinner party at Maggiano’s Little Italy that Sherri Teepen hosted for colleagues. Register at www.maggianos.com and get $10 off your next meal.
Diane Kennedy of Coldwell Banker United REALTORS enjoys an evening at Maggiano’s Little Italy with her husband Scott Kennedy, left, and Les Sherman of RE/MAX Austin Associates. The restaurant was the location of Patten Law Firm’s most recent Spotlight Austin event.
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Realty line of austin
May 2010
Eden Box and Butch West browse the spring clothing styles at Capra and Cavelli during a mixer that the luxury homes and commercial divisions of Keller Williams Realty hosted.
Kenton Brown, center, of Sente Mortgage, congratulates Toni Halseth, and Jay Southworth, both of Independence Title, on the opening of the company’s new suite at Barton Oaks. AYREP president Sumina Bhatti of Keller Williams Realty challenges Anil Desai of Independence Title to a game of skee ball at The Highball, where the organization held a fun bowling tournament and networking event.
Small Office REALTORS director Sharon Anderson and Irene Lutz of Blue Sky Realty learn about how to avoid common mistakes on contracts by listening to a guest speaker at the association’s recent meeting.
Scott Grant, Susan Conti, Lisa Jacobson and Steve Witt were honored as multi-million dollar producers at a Coldwell Banker United REALTORS luncheon. Melinda Carroll and Phyllis Avery, front left, both of First American Title, were on hand to help celebrate.
Pam Armstrong and Stephanie Timmons, both of Find it Fast Locating Services, check out the new models at Falcon Pointe.