Realty Line September 2011 Issue by RealtyLine

in this issue…

Putting a Face on Real Estate since 1995™

• Capital Title Grand Opening • Gracy Title Economic Forecast • NAHREP "Back to School" Fundraiser • and much, much more!

Associates in Progress

page 25

page 29

SEPTEMBER 2011 • VOLUME 16 • ISSUE 5

Give to PAC: Protect Livelihood

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

P. O. Box 81366, Austin, Texas 78708

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Putting a Face on Real Estate since 1995

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

ou buy insurance for your car, your home—even your life. Wouldn’t it also make sense to carry insurance to protect your business? Investing in your political action committee (PAC) is an insurance investment in your business and in the industry as a whole. PACs are nonpartisan entities. Their purpose is to raise funds to give home industry professionals a voice, to protect private property rights for everyone in Texas, and to support political candidates who have similar goals and opinions on

issues that affect homeownership, homebuilding and real estate. Both the Texas Association of REALTORS (TAR) and the Texas Association of Builders (TAB) are dedicated to creating a positive environment in the housing industry by addressing the housing issues of Texans. Both organizations have an affiliated PAC – TREPAC for REALTORS, and HomePAC for builders.

Board of REALTORS (ABoR), office of government affairs and TREPAC work hand in hand in engaging elected officials and bureaucrats in crafting public policy that will help REALTORS

TREPAC The Texas Real Estate Politcal Action Committee (TREPAC) is a voluntary, nonprofit, unincorporated group built of REALTORS and other interested parties who share a common goal of protecting and preserving private property rights. TREPAC fights hard to ensure that your interests as a REALTOR or broker, as well as the interests of all homeowners, are protected on the local, national and state level. TREPAC provides REALTORS with proactive insurance against bad policies that would undermine property rights and constrain REALTORS in conducting their business. The Austin Printed on recycled paper.

by Stacy Stroud

and all others in the industry. The organization is fully staffed to allow REALTORS to participate without interrupting their business. Every two years, TREPAC visits the state legislature with over 70,000 REALTORS in attendance. As the advocacy muscle behind ABoR, TAR, and National Association of REALTORS (NAR), TREPAC has defeated proposals to implement a transfer tax, helped lower property taxes and exempt personal autos from ad valorem (property) taxes, as well as block a tax on commissions. Among other recent major TREPAC accomplishments are clarifying an exemption for real estate brokerage in the Deceptive

Trade Practices Act (which means that if you’re an honest and ethical REALTOR, you can no longer be held liable under the DTPA and are awarded the same rights as other professionals), making the Texas Real Estate Commission a self-directed, semi-independent state agency, and increasing c o n s u m e r protection standards by amending the TREC education and licensing g u i d el i ne s . To understand the scope of how these legislative victories have helped your business, check out the TREPAC calculator at www.abor.com/ gov_affairs/trepac. After interviewing political candidates on local, state, and national levels, respectively, local boards such as ABoR and WCAoR, as well as TAR and NAR make recommendations to TREPAC for endorsement; in turn, TREPAC’s financial contributions help elect political candidates who support private property rights. Many of the issues affected by PAC lobbying have less of a direct impact on the industry itself and are more about assuring that in an economy of budgetstrapped government entities and rising taxes, Texans can continue to buy and sell without being overtaxed. Many victories, such as protection of the Homestead Act, have helped keep the cost of

Front Page: Cont. on pg. 12

Upcoming Events Tuesday, September 20 NARPM Monthly Luncheon Balcones Country Club - 11:30 a.m. to 1 p.m. Wednesday, September 21 RE/MAX Power Start Class Norris Conference Center - 9 a.m. NAHREP Monthly Luncheon Cool River Café - 11:30 a.m. to 1 p.m. AYREP Casino Night and Fashion Show Charity Event Monte Vista Condos - 5:30 to 9 p.m. HBA Annual BBQ Bash and Elected Officials Appreciation Night HBA Office - 6 to 9 p.m. Thursday, September 22 WCAoR “Pardner Up” Networking Event WCAoR Office - 9 a.m. to 4 p.m. Monday, September 26 ABoR -TREPAC Golf Tournament Balcones Country Club - 9 a.m. to 7 p.m. Tuesday, September 27 HBA Golf Extravaganza Forest Creek Golf Club - 12 to 9 p.m. Thursday, September 29 WCR Business Luncheon Cool River Café - 11 a.m. to 1 p.m. Sente Mortgage Power Luncheon Sente Mortgage Office - 12 to 1 p.m. Tuesday, October 4 WCR Bras for a Cause Maggianos Little Italy - 6 to 11 p.m. Thursday, October 13 HBA “Strike Against Hunger” Charity Bowling Tournament Showplace Lanes - 6 to 10 p.m. More at www.myRealtyLine.com

September 2011

www.myRealtyLine.com

RL austin

Putting a Face on Real Estate since 1995

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

Putting a Face on Real Estate since 1995.™

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Austin Board of REALTORS®

Putting a Face on Real Estate since 1995

Chairman’s Column By Judith Bundschuh • 2011 Chairman

ABoR Announces New President and CEO

he Board of Directors of the Austin Board of REALTORS is excited to announce the appointment of Matthew W. Maire, CAE, RCE as the new CEO. The Executive Committee was successful in reaching an agreement with Maire, who will take on the role beginning Tuesday, Nov. 1. We welcome Mr. Maire to the Austin Board of REALTORS family. To learn more about ABoR’s new CEO and President, visit www. Abor.com/CEO. Advertising Opportunities Still Available for the ABoR TREPAC Golf Tournament

ABoR is gearing up for the annual Texas Real Estate Political Action Committee (TREPAC) Golf Tournament on Monday, Sept. 26. The tournament will be hosted at the Balcones Country Club, located at 8600 Balcones Club Dr. in Austin. While team registration is full, advertising opportunities are still available. Visit www.Abor.com/events/ pdf/Golf11.pdf to review the details.

Promote your business at this REALTORfilled event by contacting ABoR TREPAC Coordinator Anna Kong at pac@abor.com. Purchase Your Ticket for the 2011 Realty Round Up: Flashback to the 80s The 30th Annual Realty Round Up tradeshow is right around the corner. One of the largest real estate trade shows in Central Texas, Realty Round Up: Flashback to the 80s is scheduled for Wednesday, Oct. 26, and tickets are now available at www.Abor.com/roundup for $15. This year’s show will take place at the Austin Convention Center, located at 500 East Cesar Chavez St. in Austin. Your Realty Round Up ticket will provide you admittance to all of the Realty Round Up festivities, including cutting-edge educational sessions, the latest REALTOR-specific products and services, as well as a keynote presentation from Dr. Jim Gaines, research economist with the Real Estate Center at Texas A&M University. Gaines will report on current

www.myRealtyLine.com economic conditions, upcoming trends and expectations for the 2012 housing market. Your ticket will be available for pick-up at the ticket registration booth on the day of the event. A limited number of exhibitor booths and partnership opportunities are still available. A full schedule of events, booth registration and partnership information is available online at www.Abor.com/roundup. For additional information, contact Gina Willemsen at roundup@abor.com or 454-7636. Calling All Applicants for the 2012 Leadership Academy Are you looking for a way to enhance your leadership and professionalism skills? If so, consider applying for the 2012 Leadership Academy. Take your career to the next level at this eight-week course, which features specialized sessions, such as spokesperson training, planning for success, creating balance and diversity among us. Kicking off at the Hyatt Regency Lost Pines Resort and Spa on Thursday, Jan. 19, the course is scheduled

September 2011

through Thursday, May 10, 2012. This year’s Leadership Academy is $375 per student, and anticipated NAR scholarship opportunities will be made available to applicants from the following groups: • Austin Young Real Estate Professionals (AYREP); • Non-profit Association of Hispanic American Real Estate Professionals (NAHREP); • Asian Real Estate Professionals (AREP); • Certified Commercial Investment Member (CCIM); • Certified Residential Specialist (CRS); • Women’s Council of REALTORS (WCR); • Central Texas Commercial Association of REALTORS (CTCAR); and • National Association of Residential Property Managers (NARPM). The Leadership Academy is a great place to start if you are looking to get more involved with your national, state and local associations. Apply for the 2012 Leadership Academy by Wednesday, Nov. 30 at www.Abor.com/ leadershipacademy. RL

ABoR Academy Educational Course Listings Sept. 19: Effective Negotiation for the Real Estate Professional Sept. 20: Website Mgmt.—Personalize Your MLS Agent Website/Lab Sept. 21: MLXchange Advanced Features & CMA (North location) Sept. 22: TREC Legal Update MCE Sept. 22: TREC Ethics MCE Sept. 23: Lunch & Learn Sept. 29: MLX Client Gateway/Lab

Meet Your Westlake Team.....

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3 Barton Skyway | 1221 South Mopac, Suite 150 | Austin, Texas 78746 | 512-328-3794 First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions.

September 2011

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austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

Aisha Dull, Monica Middleton, CEO Bill Shaddock, Stacy Mock and Laurie Nunnallee, all of Capital Title, lead the ribbon cutting ceremony at the company’s grand opening of its Northwest Austin office. Buy photo: RL_090911_G.JPG at www.myRealtyLine.com

Diane Johnson, “Condo Joe” Bryson and Melanie Kennemann, all of Keller Williams Realty, cross their fingers for good news at the Gracy Title annual economic forecast.

Buy photo: RL_090611_E.JPG at www.myRealtyLine.com

Always wanting to do their part, Chris Rodriguez of Austin Real Pros, Cheryl Jenkins of Realty Executives and Oliva Lerma, NAHREP president, arrive with bags full of school supplies to donate at the NAHREP “Back to School” Fundraiser at Serrano's Mexican Restaurant.

Buy photo: RL_091311_I.JPG at www.myRealtyLine.com

Kay DaSilva of Avalar Austin places her bid in the silent auction at the ABoR/TREPAC Wine Tasting. Ah, the circle of giving – donate to TREPAC and get a prize!

Buy photo: RL_091211_E.JPG at www.myRealtyLine.com

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

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Putting a Face on Real Estate since 1995

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September 2011

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Broker Cooperation Welcome. ÂŠ2011 KB Home (KBH). The HERS ÂŽ Index is a registered trademark of the Residential Energy Services Network (RESNET). The HERS Index rating shown on this label is based on the relevant home plan as designed, not as built, using RESNET-approved software, RESNET-determined inputs and certain assumed conditions. The typical new home HERS Index rating of 100 is the RESNET HERS Index reference home, which is built to the speciďŹ cations of the 2006 International Energy Conservation Code. More information about the HERS Index rating can be found on RESNETâ&#x20AC;&#x2122;s website at http://www.resnet.us. The typical resale home HERS Index rating of 130 is a U.S. Department of Energy rating per its EnergySmart Home ScaleŐ&#x201C;. The actual as-built HERS Index rating for this KB home will be determined by a RESNET-certiďŹ ed independent energy rater based on an on-site inspection and an analysis of the ďŹ nal construction plan, and it may vary signiďŹ cantly from the as-designed rating shown on this label depending on changes made to the relevant home plan, including changes in interior and exterior options, appliances or features, and on the location, orientation and manner in which the home is built. The HERS Index rating is a measurement of a homeâ&#x20AC;&#x2122;s energy efďŹ ciency per RESNET standards, but it is not a warranty or guarantee of energy utility costs or savings. KB Home does not guarantee that any speciďŹ c level of electric and gas energy utility costs or savings will be achieved or maintained, even if the home is built as designed per the relevant home plan, and actual energy utility costs will depend on a number of factors, including but not limited to personal utility usage preferences, the rates, fees and charges of local energy utility providers, daily activities, home maintenance practices, household size, use and/or operating condition of appliances, lighting and internal climate control systems, and the surrounding climate and weather conditions. The estimated monthly electric and gas energy bill cost shown on this label is also generated from RESNET-approved software using assumptions about annual energy use solely from the heating and cooling systems, appliances and lighting that are included as standard with the relevant home plan, and average local energy utility rates available at the time the estimate is calculated. Gas utilities may not be available in some communities and energy utility costs in those communities will reďŹ&#x201A;ect only electrical utilities. Due to the various factors and inputs that can affect a HERS Index rating and monthly energy bill costs, buyers are cautioned against and should not rely solely or substantially on the HERS Index rating and the estimated monthly energy bill costs shown on this label in making a decision to purchase this or any other KB home. KB Home is not afďŹ liated with RESNET, its service providers or with any home energy efďŹ ciency rating organization or system, software program or rater. These parties are all independent third parties. KB Home cannot guarantee that an as-built HERS Index rating will be equal to or lower than the HERS Index rating shown on this label. Payment of Broker Co-op requires Broker to accompany and register buyer on ďŹ rst visit and comply with Broker Co-op Agreement. Plans, pricing, ďŹ nancing, terms, availability and speciďŹ cations subject to change/prior sale without notice and may vary by neighborhood, lot location and home series. Additional charges apply for lot premiums, options/upgrades. Buyer responsible for all taxes, insurance and other fees. Sq. footage is approximate. Photos show upgraded landscaping/options and may not represent communityâ&#x20AC;&#x2122;s lowest-priced homes. See sales representative for details. SA-94074

September 2011

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RL austin

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

WCR members Mary Mealy, Linda Hall and Diana Baldwin-Keys, all of Nextage Lincoln Ray Realty, are ready to vote for the 2012 executive board at the group’s monthly luncheon.

Buy photo: RL_090211_C.JPG at www.myRealtyLine.com

Rod Morgan of Landmark Properties and Gwen Johansen of North American Title catch up at the Women’s Council of REALTORS White Linen and Basket Auction Fundraising Event at Abel’s on the Lake.

Buy photo: RL_090611_I.JPG at www.myRealtyLine.com Submitted Photo

Brad Schaible of Schaible Realty takes notes at the Gracy Title annual economic forecast.

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Putting a Face on Real Estate since 1995.™

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Williamson County Assoc. of REALTORS®

Putting a Face on Real Estate since 1995

President’s Column By Victoria Reviel • 2011 President

TREPAC: Invest a Little Now or Pay a Lot Later!

n every Texas Legislative session, there is some threat to the real estate industry. Fortunately, because of our strong Political Action Committee at the local, state and federal levels, REALTORS have been able to rally against legislation that negatively affects home owners' property rights. As members of the Williamson County Association of REALTORS, and the REALTOR family, we need to do our part. As an individual REALTOR it is difficult to have your voice heard in the crowd of others wanting to push their agendas. But united as REALTORS behind an issue, we have the ability to affect change, fight against transfer taxes, needless inspections and other issues that may cost your prospective seller or buyer huge amounts of money in order to sell or buy their home. One of the other benefits we enjoy in Texas is that we do not have sales-price disclosure. Yet each and every year there is a group lobbying for sales price disclosure on properties sold in Texas. Your investment

keeps that information private and is also the first step in preventing a tax on real estate transactions. You’ll also remember that this year there was discussion regarding Mortgage Interest Deduction (MID). Your investment also works on the national level by getting your message out to your representatives and senators to make sure they are working to protect property rights. So let’s consider the matter of your hard earned commission. In the last session of Congress there was a lot of discussion regarding putting a tax on your services. Should your buyers and sellers be required to pay a tax on your commission one of two things may happen: 1) They would choose not to use a REALTOR or 2) you would need to lower your commission to absorb the tax. These are only a few of the areas where legislators have looked to gain funds to make up the budget deficit. Thanks to TREPAC dollars, none of these items have come to pass, but don’t think they are off the table. Each year as members of Congress look for ways to

www.myRealtyLine.com gain new streams of income for government spending, these items resurface and the fight begins again. Now, you read the part about not doing it alone – that’s right. We need to do it together and that means investing in TREPAC, yes, investing in TREPAC. Too often we let the investments of others fight the way for us. But today, it’s time for each member to do their “fair share.” Imagine if each and every member gave their “fair share.” Our goal as an association would be met just through dues billing. Instead of removing the checked TREPAC box – leave it checked and do your “fair share” to help your clients, the community and the real estate profession. If everyone would make their “fair share” investment of $35 (yes that’s right only $35),

September 2011

our association would meet its goal for the year and then work towards putting plans in action, interviewing candidates, learning the issues, getting the vote out, and promoting the real estate profession. The TREPAC committee needs your help to reach its 2011 goals. If you have not invested your fair share in TREPAC, please consider doing so before Sept. 30, 2011. You can invest through your TAR profile on the TAR website or call the association and make an investment today. As far as 2012 – Don’t uncheck the box and do your “fair share” as a REALTOR member of the Williamson County Association of REALTORS. To make your contribution for 2011, you can attend a fun-filled TREPAC fundraiser on Sept. 15 called “Cheeseburgers in Paradise.” RL

Upcoming WCAoR Events/Education Sept. 15: "Cheeseburgers in Paradise" TREPAC Fundraiser Sept. 19 - 20: Accredited Buyer Representative (ABR) Designation Class Sept. 21: Broker Price Option Representative (BPOR) Certification (also counts as your ABR elective!) Sept: 22: "Pardner Up" event – meet and network with vendors associated with all aspects of remodeling or make ready services.

Details at www.wcaor.org

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September 2011

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Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

Sue Gravett of Henry S. Milller Commerical, Cathy Coneway of Stanberry and Associates and Sean Gravett of Henry S. Miller Commerical toast to the opening of Capital Title’s new office.

Buy photo: RL_090911_K.JPG at www.myRealtyLine.com

WCAoR President Victoria Reviel of 98th Meridian is ready to get the Association’s sold out luncheon across the finish line. The program covered the impact of Formula One racing on the area’s real estate market.

Buy photo: RL_090711_I.JPG at www.myRealtyLine.com

Gracy Title CEO David Tandy introduces the man of the hour, Ted C. Jones, at the company’s annual economic forecast. Buy photo: RL_091111_D.JPG at www.myRealtyLine.com

Buy photo: RL_090611_H.JPG at www.myRealtyLine.com

Jennifer Franklin and REALTOR Tommy Webb of Capital City Sotheby’s International Realty enjoy a drink after learning some tips from Keller Williams Realty’s No. 1 agent, Pat Hiban at AYREP’s educational event and happy hour.

25 Years of Service Arboretum Branch 4807 Spicewood Springs Rd., Bldg. 1, Ste 1100

(512) 450-1222 Steve Builta Martin Ochs Branch Manager Mortgage Planner Kat Carter Mortgage Banker

Rick Baron Mortgage Banker

Lisa Forte Loan Officer

Lynn Edgar Mortgage Consultant

Kimberly Altier Rosemary Jennings Sr. Loan Officer Loan Officer Westlake Branch 950 Westbank Drive, Suite 104

(512) 615-6499 Bradley Rife Cindy Fenley Branch Manager Senior Loan Originator

Hometrust Mortgage Company

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Putting a Face on Real Estate since 1995

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September 2011

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Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Jacqueline Galvan, Nicole Iglesias of RE/MAX Capital City, Gail Crann of Private Label Realty, Chris Tinnell of Bellaheim Homes, Pam Flitton of RE/MAX Capital City and Darin Walker of Moreland Properties brave the heat to take in the view at the Bellaheim Homes model home grand opening in Crystal Falls.

Buy photo: RL_090311_C.JPG at www.myRealtyLine.com

Bryan Faircloth of Keller Williams Realty and Michael Brandt of United Lending enjoy the happy hour after the AYREP educational event where Keller Williams Realty’s top agent shared tips on selling real estate.

Buy photo: RL_091311_C.JPG at www.myRealtyLine.com

Just arriving for the ABoR/TREPAC Wine Tasting are Jay Gohil of Jay Gohil Realty, Jeanne Butterfield of RE/ MAX Austin Skyline, Sharon Rosshirt and John Rosshirt, both of Stanberry and Associates.

Buy photo: RL_091111_C.JPG at www.myRealtyLine.com

Austin Area Market Update Condo & Townhome Sales 2010 - 2011 2010

2011

250

200

Partnerships Built on Trust

150

100

0 J

For more information, please contact one of our sales executives. www.gracytitle.com

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Putting a Face on Real Estate since 1995

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September 2011

Gracy Title now has two great offices on the east and west sides of Round Rock to better serve you. NEW!

Round Rock - Crystal Park 2300 Greenhill Dr, Suite 210, Round Rock, TX 78664 Phone: 512.582.4900  Fax: 512.857.1148

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Patricia Martinez

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Escrow Assistant, Crystal Park Escrow Officer, Crystal Park patricia.martinez@gracytitle.com

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Sales Executive Direct: 512.913.9089 holly.schuler@gracytitle.com

Partnerships Built on Trust

Ann Townsend

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Escrow Officer, Sam Bass

ann.townsend@gracytitle.com

estella.galan@gracytitle.com

www.myRealtyLine.com

September 2011

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Front Page: Continued housing low and the Texas market healthy. “TREPAC is the voice of REALTORS,” says Benny McMahan, President and CEO of ABoR. “But what’s good for the consumer is also good for the real estate industry. To me a PAC is a very affordable insurance premium toward ensuring the future of our industry and people’s property rights.” If you’re a REALTOR, broker, or other associate, you can (and should) get involved in TREPAC through your local board’s government affairs committee, which can help you stay informed on the issues that affect you. “Currently only 40 percent of TAR members invest in TREPAC,” says Christy Gessler, TREPAC trustee for region eight. “But 100 percent get the benefit. It would be great to lighten the load for everyone.” The minimum investment is only $35, and that’s considered your fair share in the protection and savings TREPAC affords your business.

HigHland Homes

Realtor Rewards

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sell one Home

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New Program members will be mailed a Visa card, while existing members will have bonuses credited on their current card 10 to 14 business days after their second closing. Your Highland Homes Visa Reward Card can be used anywhere Visa is accepted.

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290

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MANOR

lan

620

35 UT Austin

183

Sou thw est

Barton Creek Square Mall

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290 1826

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*All qualified sales must be original contracts written between January 1, 2011 and35December 31, 2011. For any Realtor incentive or bonus program offered by Highland Homes it is a condition of eligibility to receive payment that the Realtors not offer to rebate or contribute any portion of a bonus or a commission to a home buyer or any other person who is not a licensed Texas Realtor. The company has sole discretion in determining whether this eligibility requirement is met for each sale. We only recognize one Realtor name per sale. CREEDMOOR 45SE TO LL

HomePAC is the Political Action Committee (PAC) of the Texas Association of Builders. HomePAC closely follows all the races, and invests in those leaders who have a proven voting record or have demonstrated their commitment to a strong private enterprise system and to protecting private property rights. HomePAC is bipartisan and funded by voluntary member contributions. HomePAC is active in a five-county area around Austin, and is one of the few organizations that supports elected officials in the surrounding area. Because only 25 percent of new construction in Central Texas is actually in the City of Austin, it’s critical to support homeowners and the building community in the locations where houses are being built, and that means ensuring that responsible candidates are elected. HomePAC also lobbies to support state legislative candidates, because the Legislature passes laws that are important to the homebuilding industry. 95 “Almost all the vested rights that exist in statute today were initiated out of the TAYLOR Austin metro area through our members and association,” says Harry Savio, Executive Vice President of the Home Builders Association (HBA) of Greater Austin.

9 Commons Parkway

Road Gat tis School rimes

CEDARPARK Lakeline Mall

rm Pa

ill son M Ander

1431

3406

er’s

Settl

Mays Ave.

Old

Sam Bass Road

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Whether you’re a REALTOR, builder, or other home industry professional, you benefit from the work pushed through by any and all of the industry PACs. Your involvement gives you a seat at the table in an industry that’s constantly on the legislative chopping block. When state and local coffers run low, budget cuts are proposed and failing those measures, taxes and fees come into play. Or as Christy Gessler puts it, “If you’re not at the table, you’re probably on the menu.” The client—the homeowner—is at the center of the transaction that supports our industry. “Anything that adds to the cost of homeownership is not going to be good for the first time homebuyer,” says Daniel Gonzales, state lobbyist for TAR. And then the entire market suffers. Even though REALTORs and builders, lenders, apartments, and other professional associations have their own PACs, these organizations work closely together.

“We’re all in the same industry, so it’s important that we build these coalitions with other groups toward the goal of the American dream of homeownership,” says Leslie Cantu, Director of TREPAC.

This past state legislative session was the

best ever for protecting property rights and keeping our industry strong. You can do your part to future-proof your business and keep the industry, the market, and homeowners thriving for years to come by investing in your PAC. Just think of it as the cost of doing business. RL

RL austin

Putting a Face on Real Estate since 1995

P. O. Box 81366 • Austin, Texas 78708-1366 (512) 821-1900 www.myRealtyLine.com E-mail: info@myRealtyLine.com Publisher: Doren L. Carver doren@myRealtyLine.com Associate Publisher: Tawanna K. Carver tawanna@myRealtyLine.com Managing Editor: Naomi Bludworth naomi@myRealtyLine.com Contributing Editor: Linda McNabb Contributing Writers: Stacy Stroud, Naomi Bludworth Contributing Photographers: Doren L. Carver Columnists: Judith Bundschuh, Hank Smith, Kay DaSilva, Victoria Reviel, Susie McCreary, Terry Godbold, Cheryl Jenkins 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/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 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. 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® 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.

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September 2011

Pooch parks

Pigskins

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and Prizes

Join us in Falcon Pointe to Celebrate Our Pfall Grand Opening: New Model Homes, Builders, Neighborhoods & Parks.  & 

October 22 & 23 and October 29 & 30

Celebrate the Grand Opening of new model homes in Falcon Pointe plus Pflugerville’s first Bark Park & Gardens! Catch 4 days of exciting weekend activities, with favorites like chili, pumpkins, football, and doggy pfun. Bring your client to visit model homes by Centerra Homes, Lennar, Meritage Homes and Ryland Homes from October 22-30 for a chance to win a home theatre system and other prizes.* Get the scoop: FalconPointeTX.com/GrandOpening

CHILI COOK-OFF & FALL FESTIVAL 10/22 • PUMPKIN PFUN 10/23—REGISTER TO WIN New homes in Pﬂugerville from the $170,000s Centerra Homes • Lennar • Meritage Homes • Ryland Homes

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 *NO PURCHASE NECESSARY. LEGAL RESIDENTS OF THE 50 UNITED STATES AND D.C. 21 AND OLDER. VOID WHERE PROHIBITED. LIMIT ONE ENTRY PER PERSON. Sweepstakes Period from Oct. 22-30, 2011. Entry forms are available at the Falcon Pointe Residents Club, along with Official Rules. This is not intended to be an offer to sell or a solicitation of offers to buy real estate in Falcon Pointe to residents of Connecticut, Hawaii, Idaho, Illinois, New York, New Jersey, and Oregon, or in any other jurisdiction where prohibited by law. Homes within the Falcon Pointe community are constructed and sold by builders not affiliated with Newland Communities or Newland Communities’ affiliated companies. Prices, specifications and details are subject to change without notice. © 2011 Newland. All rights reserved.

006399FPt_MHV_GO_Rltr_M.indd 1

9/8/11 3:36 PM

September 2011

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Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Texas Lone Star CRS Chapter

Director ‘s Column By Kay DaSilva • 2011 Director

Williamson County Association of REALTORS Executive Officer Marge Phillips gets her blood pressure checked at the association’s free Health Fair.

hey say that with age comes wisdom. In my early years as a REALTOR, I remember seeing my ABoR bill that included an option to make a contribution to TREPAC. My uneducated opinion at the time was to refrain from paying this optional fee because I simply did not see the value. I didn’t know what TREPAC really was, or what it really did. After a few years, I began to hear more and more about TREPAC and realized that this group is integral to protect my livelihood and they fight vigorously to do just that. The beauty of TREPAC is that it brings one collective loud voice to our industry. They speak on behalf of more than 90,000 Texas REALTORS, according to ABoR. TREPAC contributes to REALTOR friendly political candidates who support the protection and preservation of private property rights, as well as a strong, healthy business environment for real estate professionals. In reviewing the accomplishments of TREPAC in the recent 82nd regular session of the Texas Legislature, Texas REALTORS benefited in several major areas:

Buy photo: RL_091011_D.JPG at www.myRealtyLine.com

Gentlemen, start your engines. Sherri Teepen of Keller Williams Realty and Brian Pitman of Independence Title are ready to hear how Formula One will impact the real estate market. The two attended the WCAoR luncheon.

512.656.7095

1. Strengthening private property rights through eminent domain reform 2. Including real estate professionals among the professional services exemption to the Deceptive Trade Practices Act 3. Elimination of certain private transfer fees on real estate 4. Making the Texas Real Estate Commission a self-directed, semi-independent agency 5. Reforming the educational and experience requirements to be a licensed real estate professional in Texas If you have ever been tempted to remove the “optional” TREPAC contribution, I would urge you to educate yourself on all the things TREPAC does on your behalf, and consider that $45 is a minimal investment to help ensure the future of your profession. In fact, I would urge you to contribute more than just the minimum. If all 90,000 licensed real estate agents committed to giving just $11 more, we would raise an additional $1 million for our voice to be even more resounding. Will you accept the challenge? RL

www.TexasLoneStarCRS.com

Buy photo: RL_090711_C.JPG at www.myRealtyLine.com

BECKY HOPKINS

TREPAC is Worth the $45 Investment and More

LESLIE BRVENIK

512.415.6706

JENNY NEWMAN

512.426.7865

LAURA ROSALES

512.771.5334

KATHLEEN WAINWRIGHT 512.484.1324

CALL US. EXCELLENCE IS STANDING BY. Where Austin Closes.

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

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Putting a Face on Real Estate since 1995

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September 2011

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Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Pat Zahasky of Keller Williams Realty tells the nurse, “when I do this it hurts.” She replies, “stop doing that.” Pat attended the WCAoR Health Fair.

Buy photo: RL_091011_F.JPG at www.myRealtyLine.com

Tiffany Isaacs of Capital Title leads an impromptu flash mob at the company’s Northwest Austin office grand opening.

Buy photo: RL_090911_N.JPG at www.myRealtyLine.com

A picture for a picture. Rose Brown and Thomas Soliz, right, both of 98th Meridian, visit with Seth Thompson, center, of Zip Realty, at the AYREP Educational Event and Happy Hour. Buy photo: RL_091311_D.JPG at www.myRealtyLine.com

Terry Godbold of Reliable Property Management makes his way from table to table to try all the different arrays of wine. He attended the ABoR wine tasting event to raise money for TREPAC.

Buy photo: RL_091111_G.JPG at www.myRealtyLine.com

Home

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So You’re Building a Home (Congratulations!) If you decided the only home worthy of your welcome mat is one you build yourself, ViewPoint Mortgage is ready to assist you in financing your dream home!

Avis Wukasch Team Leader (512) 635-0328 (cell)

Consult your loan officer for current rates and terms and conditions. Normal credit standards apply. 10/20/10

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Vice President, Loan Officer

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512-689-2564

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RR (512) 255-5050 • NW (512) 346-3550 • SW (512) 448-4111 • LT (512) 263-9090

11130 Jollyville Road, Suite 302 Austin, Texas 78759-4819 512-323-0224

dierk.mcwilliams@ViewPointMortgage.com

(512) 797-3534 (“Sell”)

Doug Scott Senior Vice President, Area Manager

512-971-2233

Putting a Face on Real Estate since 1995.™

austin

HBA of Greater Austin

Putting a Face on Real Estate since 1995

President’s Column By Hank Smith • 2011 President

Home Includes $50,000 Plus in Upgrades and Helps Hundreds of Kids and Families

or all of you REALTORS looking to make your next sale, I have a great deal on a new home for a lucky client. The Home Builders Association (HBA) of Greater Austin has built a showcase home with tons of upgrades, in a terrific location, at one heck of a price. Even better, this is the HBA’s “Benefit Home” - that’s when the HBA builds a new home on donations of member’s land, materials, labor and cash. Builders and trades people offer their tools and talent, creating an exceptional home. Proceeds from the sale of this home will benefit the Dell Children’s Medical Center and Ronald McDonald House Charities of Austin and Central Texas. With over $50,000 in upgrades, this home includes plenty of benefits for one lucky buyer. Located in the community of West Cypress Hills, this beautiful new home, located on a greenbelt, offers panoramic hill country views. The highly sought after, one-story floor plan features three bedrooms, a study or optional fourth bedroom, two and a half bathrooms and a three-car garage, perfect for two cars and a boat since you are so close to Lake Travis.

The long list of upgrades starts in the chef ’s kitchen with a full suite of stainless steel appliances, including a side-by-side refrigerator with a water and ice dispenser in the door. Cooking is a breeze when you have a four-burner gas cook top, vented exhaust hood and a built-in oven and microwave. Kitchen design upgrades continue with warm wood cabinetry, stylish light fixtures, gleaming granite countertops and a sparkling glass tile backsplash and serving buffet complemented by a spacious granite-topped island. Have you always dreamed of having an outdoor kitchen? This home has it. The covered outdoor living area includes a kitchen with stone surround, granite counters, prep sink and a professional grade gas grill, all overlooking a fully fenced backyard and lush Texas Hill Country. Master bath upgrades include a deep soaking tub, frameless glass shower with sitting bench, double vanity, granite countertops with sparkling glass tile, as well as smooth satin nickel fixtures. Who wouldn’t want to relax here after enjoying a day at the lake?

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September 2011

Also included is a fully automatic irrigation system, native Texas limestone accents and a solid-wood entry door with decorative glass and metal accents. Interior upgrades include hand-scraped wood floors throughout most of the home, gas fireplace with stone surround, as well as architectural ceiling treatments, graceful arches and designer paint colors. In addition to being located in the exemplary rated Lake Travis School District, West Cypress Hills amenities include a swimming pool, party pavilion, basketball courts and miles of hiking trails. Located just 10 minutes from world class shopping and restaurants (Hill Country Galleria, Lowe’s, Target, HEB and soon to be built Whole Foods Market), top flight golf courses and marinas, this home is a combination of convenience and retreat. While you may feel like you are deep in the Texas Hill Country, you are just 30 minutes from the “vibe” of downtown Austin. This one of a kind home is priced at only $310,000 and when it’s gone – it’s gone. See

all the photos and take a virtual tour at www. KarenSellsAustin.com and click on “HBA Benefit Home.” For a showing, contact Karen Matuszewski at 917-2653. The HBA is grateful to MileStone Community Builders, who provided the home’s construction management; Castletop Capital, who provided the home’s lot; and First Lockhart National Bank, who financed the project. The HBA Benefit Home committee has done an excellent job of bringing together all of the pieces a new home needs; dozens of members have stepped up to share their talents, time, materials and products. The Benefit Home is just one example of how the 800 plus members of the HBA contribute to not only the economic impact of the communities in which they build, but also make a direct impact on worthy causes within those communities. Since 1991, the HBA has donated more than $1 million through projects in the community like the Benefit Home, Parade of Homes and annual college scholarships. RL

The HBA Benefit Home includes over $50,000 in free upgrades, including a full suite of stainless steel appliances in the chef’s kitchen.

On all 32+ milestone inventory homes

west cypress hills

The excitement of working with a first time homebuyer. The joy of finding the perfect home for a client who’s starting a family or the nostalgia of selling the one where they raised their children.

The Pinnacle Collection Greenbelt Homes from the $200’s-$400’s 512-264-0900 • Mark Lee 512-567-3669 5200 Cypress Ranch Blvd. • Spicewood

cypress creek

Townhomes from the $130’s 512-215-5220 Kyle Duran 512-658-0266 • Carrie Cass 512-300-8992 1900 Little Elm Trail • Cedar Park

For every milestone in life, there is a feeling. And for each of life’s milestones, there is a MileStone community that’s a perfect match.

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Garden Homes from the $160’s 512-215-3424 Larry Carter 512-633-1007 • Patty Eastman 612-636-1471 11400 West Parmer Lane • Cedar Park

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Garden Homes from the high $200’s 512-410-7683 • Don Wenner 512-779-0203 2602 Del Curto Rd. • Downtown Austin

Now Open!

www.MyMileStone.com

32 Invent+ Homeory to Clo s 90 Dase in ys

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Garden Homes from the $180’s 512-804-2605 Susan Brubaker 512-577-0465 • Elisabeth Jeep 512-657-3107 7233 Manchaca Rd. • South Austin

Win an iPad!

ravenscroft

Townhomes from the $120’s 512 410-7790 • Randy Crawford 512-619-3538 11249 Lost Maples Trail • South Austin

5% available only on inventory homes; must close within 30 days. Other restrictions apply. See sales consultant for details.

One entry per month per neighborhood. Other restrictions may apply.

September 2011

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Putting a Face on Real Estate since 1995

Women’s Council of REALTORS® NAPMW President Michelle Goldberg, left, and NAPMW VP of Education Brooklyn Hibbs, right, thank guest speaker Jana Owen, center, for her “Discover Your Memory Power” presentation. The group hosted Jana at its monthly luncheon.

Putting a Face on Real Estate since 1995.™

President’s Column By Cheryl Jenkins • 2011 President

Who’s watching the store?

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Celebrating Capital Title’s grand opening of its Northwest Austin office are J. Rene Ward of Best Agents in Texas, Ruby Johnson of Realty Executives and Amy Kobza of Capital Title.

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Chris Tinnell of Bellaheim Homes and Matt Menard of Keller Williams Realty host lunch for REALTORS at the grand opening of the builder’s new model home at Crystal Falls in Leander.

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e all work long hours, sometimes in 100-plus degree weather, earning our living. What are you doing to keep as much of your earnings, as you can in your pocket? The best way I know to do that is to invest in TREPAC (Texas Real Estate Political Action Committee). There always seems to be legislation on the table that will somehow affect our bottom line or our industry. TREPAC is the voice of REALTORS in our city, state and national governments. TREPAC has been successful in insuring that we are represented on issues that affect us daily. We look to build the future by putting dollars in places that will help advance the interests of real estate professionals and our clients. The PAC is the only political group in the country organized for REALTORS, run by REALTORS and exists solely to further issues important to REALTORS. Think of your contributions as an investment. The best investment you’ll ever make in your business and yourself.

Bras for a Cause Next month, Austin WCR will host its first annual Bras for a Cause Gala event on Tuesday, Oct. 4 at Maggiano's Little Italy in the Domain. A portion of the proceeds will go to the Breast Cancer Resource Center of Austin. The BCRC is a non-profit, grass roots organization created by breast cancer survivors. It is a centralized source for breast cancer information, education and support. Their goal is to help the newly diagnosed woman and her support system create an effective, positive and practical team approach to this diagnosis. Have you or someone you know been affected by cancer? If so, you know how important it is to have the resources to fight the fight. This may not always be financial, but sometimes emotional or physical resources. Come and join us for a party with a purpose. Go to www.austinwcr.com for information. RL

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September 2011

Independence News Coming Nov. 10th! Contact – Susan Patterson for more info 512/914-8984

Phillip Pense

Escrow Officer

Susan Patterson

Round Rock Area Manager Business Development

LISA Beard

Branch Manager Escrow Officer

Pauline Brent Escrow Officer

Emily Morris Escrow Officer

Gina Whitsel Escrow Officer

Independence Title Explore

w w w. I n d e p e n d e n c e T i t l e . c o m

Round Rock Office: 101 E. Old Settlers Blvd., Suite 110 – Round Rock – 512/255-9593

September 2011

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RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

You have to love a company that shows appreciation for its employees. Matt Posey of AmeriPro Funding and Jay Tucker of Reliant Title unwind at the company’s employee appreciation happy hour.

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New Austin Division Manager Kristy Santelia and Gwen Johansen, both of North American Title, get ready to check out some of the baskets at the WCR White Linen and Basket Auction Fundraising Event with Cheryl Jenkins of Realty Executives and Becky Hopkins of Austin Title. Submitted Photo

Knowing they’ll get a return on their investment, Karen Manero, Richard Willard, Christine Choate, David Burton, Linda Holmbeck, Dephanie Cates, Bert Ware and Jana Dahl, all of Horizon Realty, gladly attend the ABoR wine tasting to benefit TREPAC.

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Karen McCarty of Keller Williams Realty and Matt Menard, both of Keller Williams Realty, tour homes at the Bellaheim Homes model home grand opening in Crystall Falls. Matt hosted lunch at the event.

Putting a Face on Real Estate since 1995.™

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Putting a Face on Real Estate since 1995

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September 2011

Instant serenity. Rough Hollow, the 1,787-acre lakefront community located in the heart of the Texas Hill Country, is redefining the word rough. Here, that word means lake living, resort-caliber amenities and thoughtfully crafted homes by award-winning builders. It also means yoga, pilates and boot camp classes at the state-of-the-art Fitness Center. Stop by the Welcome Center to tour our models, view renderings of our new Highland Village water-themed amenity now under construction and find out for yourself why our residents love The Rough Life.

Homes from the $280’s

Custom Homes from the $600’s

Lakefront Villas from the $500’s

Lifestyle Included

Homes Offered By:

And Select Custom Home Builder Partners

www.roughhollowlakeway.com // 512.617.1776 Developed by Legend Communities in partnership with Crescent Resources. Exclusively marketed by Legacy International Resort Properties. Obtain the Property Report required by federal law and read it before signing anything. No federal agency has judged the merits of value, if any, of this property.

September 2011 Experts Speak Out

www.myRealtyLine.com

Commentary By Susie McCreary • Gracy Title

What you Need to Know When Closing a Commercial Property Transaction

f you are an experienced residential broker and have been approached to list a commercial property you may find that your new job description is not in any way similar to the work required for listing and selling residential real estate. There is no commercial multiple listing service for marketing your property and substantial networking may be required on your part to connect with a potential buyer. In commercial real estate, co-brokerage is not assumed; many times the buyer will pay his own broker and use this as a negotiation tool before finalizing the purchase agreement. Any agreement must be in writing. The commercial broker will have less control over the process than a residential agent has. Lending and financing are different and contract to close can take from three months to a year or two. During this time the feasibility or option period may be extended in order for the buyer to be satisfied that the property will be sufficient for the intended usage. If the property is raw land that will be

sold for development or if the land usage will change for the new purchaser, there could be layers of governmental requirements to be dealt with as well as environmental and land usage issues. Consideration includes flood plain locations, proximity to major roadways and areas to be dedicated for school facilities and park land. When selling office buildings and retail centers, considerations include rents, utilities and tenant finish out. Hotels, hospitals and other industries have issues unique to that particular industry. Once the price has been agreed to, the Purchase Money Agreements are generally prepared by attorneys representing the parties. At this point confidentiality is extremely important. Feasibility periods could last from 90 days to several months and may be extended several times. During this time anything could stop the transaction and there is no road map to piece it back together. Economic conditions may change; politics can interfere and financing approval is lengthy. Depending

RL austin

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

on the type of transaction the financing may be difficult to obtain. Appraisals are more subjective and values are harder to determine. When the purchase money agreement has been signed and escrowed with the title company the clock begins to tick. At this point it is critical to note and be sensitive to time deadlines as outlined in the purchase agreement. The title commitment and title exception documents must be delivered to the purchaser within the time frame allowed. If a new survey is required or if the seller is to deliver an existing survey, the contract will specify a period of time for delivery. The seller must also deliver any information required by the contract such as engineering and environmental studies, existing leases, and property tax information during the time set out in the purchase agreement. The purchaser may be allowed a period of time to conduct his own inspections during the feasibility or option period in order to determine if the property will actually meet the needs of his intended use. The purchaser must make any objections to the due diligence items within the time frame allowed under the contract.

If the attorneys or other broker do not prepare one, ask your escrow officer to prepare and circulate a “Critical Date Letter” outlining the dates as set out in the purchase agreement. Title issues become critical at this point and will be reviewed by the attorneys who represent the buyer. During the feasibility period any title objections voiced by the buyer and not addressed by the seller may cause the contract to terminate. An experienced escrow team will help address any title objections raised. Any notices must be given in strict compliance with the contract. Once all hurdles have been cleared and all contract stipulations have been met the closing will be scheduled. At this point the seller or his agent will need to provide amounts for any items to be prorated, including rent, security deposits, management agreements and utility bills to the escrow officer for inclusion on the closing statement. All parties should review the closing documents and settlement statement in advance of closing. Attorneys generally need advance notice and adequate time for review. There also may be post closing agreements or other items to be dealt with after the closing. RL

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NAPMW hosts a program on memory improvement where AMPWmembers Janet Wilder, King Cole and Judi Brannon learn memory boosting techniques.

Experienced. Reliable. Excellence.

Linda Komm A seasoned mortgage veteran with 30 years of experience and committed to excellence.

lkomm@swbc.com 512-531-1807

The Komm Team Linda Komm, VP NMLS #219050

James Barnes NMLS #215987

Rhona Bogie NMLS #222089

Kathleen Condry NMLS #214903

Emily Franke NMLS #223977

Ann Jones

NMLS #221084

The Avallon Building, Building 1 10415 Morado Circle, Ste. 100 Austin, TX 78759 866-766-5252 512-531-1800 swbcmortgage.com

Conventional, FHA, VA, USDA, Construction, HELOC

Putting a Face on Real Estate since 1995.™

austin

Putting a Face on Real Estate since 1995

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September 2011

GRAND HAVEN HOMES

Realtors,

Reward Yourself with Grand Haven Homes’

Gr and Rewards

Sell ONE Home

Receive 3% commission on your first closing.

Sell TWO Homes

Sell THREE Homes

Receive a 1% bonus on your Grand Haven Homes Visa Rewards Card in addition to your 3% commission!*

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

Relocation Reimbursement Progr am Grand Haven Homes will reimburse agents up to 30% of the standard 3% commission. Cannot be combined with other offers. See a Grand Haven Homes sales professional for details.

Our Communities: • Rough Hollow • Silver Oak

Visit us online at www.GrandHavenHomes.net • Avalon • Paloma Lake

• Behrens Ranch • Mayfield Ranch

• Cap Rock at Crystal Falls • Ranch at Brushy Creek

* Must hold an active license with TREC in order to qualify for Grand Rewards. Bonuses and commissions considered earned when homes close and fund. Program members will receive bonuses on the Grand Rewards Visa gift card after closing. Your Grand Rewards card can be used anywhere Visa is accepted. See Sales Professional for details. We reserve the right to modify specifications, prices and/or plans without notice or prior obligation. All square footages are approximate. All renderings are artist’s concept. Consult sales professional for further details.

September 2011

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Putting a Face on Real Estate since 1995

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

Melanie Kennemann and Anita Farrell, both of Keller Williams Realty, are always ready to improve their business. The two attended the WCR monthly luncheon to hear from one of the top agents in Austin and get some tips on increasing sales.

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Donna Simmons, Suzanne Jacobs and Tracy Blair, all of Gracy Title, welcome more than 200 guests to their company's annual economic forecast at Norris Conference Center.

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Now we know how she gets to all of those meetings! TREC Chairperson Avis Wukasch of Keller Williams Realty shows off her racing flags to Cecilia Roberts of Coldwell Banker United REALTORS at the WCAoR Monthly Luncheon. The meeting topic was the impact of the Formula 1 race track on the real estate market.

NORTH AMERICAN TITLE'S NORTH BRANCH TEAM WELCOMES...

Is pleased to announce

Gary Liardon as our New Division President

Bellaheim Inc. is pleased to announce the appointment of Gary Liardon as President and CEO of Bellaheim Homes, an Austin based luxury homebuilder. Liardon was most recently division Vice-President for Highland Homes in Austin and San Antonio, and has served in various leadership positions with other homebuilders. Liardon also joins Chairman and Founder Rafael Veloz, and Vice-President Matt Menard as shareholders of Bellaheim, Inc., a Texas Corporation. They are currently building in Grand Mesa of Crystal Falls and have plans for significant expansion in the Austin area market. Exclusively marketed by

Rudie Davenport - Escrow Officer

Join us in welcoming Rudie Davenport to our North Austin Team. Rudie brings 30 years of title experience to our seasoned team of escrow officers. Downtown Austin

Austin Research

Corporate Office 823 Congress Ave., #1400 Austin, Texas 78701 512.482.0851

North Austin

www.nat.com

5608 Parkcrest Drive Suite 150 Austin, Texas 78731 512.302.3892

12301 Research Blvd. Bldg. 4, Suite 120 Austin, Texas 78759 512.249.0576

Round Rock

1Chisholm Trail Suite 3100 Round Rock,Texas 78681 512.255.6550

www.facebook.com/Austin

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

KB Home 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 S t a c y S t r o u d

B Home is a national company that has been in business since 1957 and building homes in the Central Texas area for over 15 years. Their business model is “Built to Order,” which means that unlike other volume builders, KB Home lets the homebuyer choose everything from the home site to the floorplan to the cabinets and beyond. For the first-time homebuyer, the focus on “choice” enables KB Home to provide a custom builder experience for them. KB Home offers a wide range of square footage options. Once customers choose their preferred floor plan and exterior elevation, they then move on to the KB Home Studio. One of the most satisfying parts of the homebuilding experience for buyers, the KB Home Studio allows homebuyers to handpick everything from flooring, appliances, lighting, flexible living space, and even the fine details such as hardware and fixtures, and the kind of technology they want built into their new home. Professional design consultants lend their expertise so buyers can stay on budget and ensure their own design preferences are reflected in the final product. Partnering with highly regarded name brand products such as Whirlpool, Shaw, Sherwin Williams and others provides buyers with added peace of mind. KB Home is also an ENERGY STARcertified builder. All ENERGY STAR qualified KB homes feature an EPG: an Energy

Performance Guide that shows the energy efficiency and an estimate of the average monthly energy costs for every floorplan. With typical resale homes buyers must guess at the possible utility usage and monthly payment. KB Home’s EPG, which is based on a thirdparty’s verification of each home’s Home Energy Rating System (HERS) score, helps buyers eliminate the guesswork in much the same way the MPG, miles per gallon, sticker on a new car helps buyers calculate the true costs of living in a new or resale home. This month, KB takes another major step forward in its effort to give buyers energy efficient choices. September marks the grand opening of ZeroHouse 2.0, the first net zero home built in Austin by a major production builder. The home uses no energy from a local utility company. In fact, the new home has a -2 HERS rating, which means it actually produces more energy than it consumes, giving back to the grid. Its location and further details are coming soon. In its 50-year history, KB has built a strong reputation as a quality builder and a leader in housing. The company was voted No. 1 Most Admired Homebuilder by Fortune magazine this year, a title it has received in recent years too. The EPA’s ENERGY STAR program also recognized KB Home in 2011 with a Leadership in Housing award for the 12th time—breaking the record for the most awards

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September 2011

in company history for building new homes that help protect the environment through energy efficiency. With a long-standing focus on REALTOR relations, KB Home understands the importance of solid relationships with REALTORS, and is dedicated to working with real estate professionals to help their clients achieve the dream of home ownership. KB Home currently has 18 communities in the Austin area starting in the low 100’s and ranging up to half a million. Check out its newest communities in Crystal Crossing in Leander, a USDA-qualified community and Parkside at Harris Branch. To learn more about KB Home and explore what “Built to Order” could mean for your clients, visit www. kbhome.com. RL

Colette Fitzgerald Broker/REALTOR Liaison

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Chris Sachs of JB Goodwin REALTORS learns about health insurance options at the Williamson County Association of REALTORS Health Fair.

LAST PHASE NOW OPEN

FALCONHEAD WEST, the ultimate in Hill Country living... Drees has greenbelt and cul de sac lots that are close to everything in this

sought after community in the Lake Travis area. Now, the final phase of Falconhead West is selling to-be-built custom homes or inventory homes ready for immediate move in. Located in the Lake Travis ISD, this is the community to think about for back to school... They won’t last long, come in today! CaLL ToDay, (512) 263-5806 WYNDHAM BOULTER CELL: (512) 947-0159 MIKE TVINNEREIM CELL: (512) 970-7701

Lowest Tax Rate in Travis County

www.DreesHomes.com

September 2011 Experts Speak Out

www.myRealtyLine.com

Commentary By Terry Godbold • Reliable Prop. Mgmt.

New Law Means Big Changes for Brokers

s I am sure all of you are aware, Senate Bill 747, the Texas Real Estate Commission bill became law on Sept. 1, 2011. Of the 11 provisions set out in this bill, one is of particular importance for those brokers who have agents managing residential properties. “A person who controls the collection or acceptance of rent from a single family residence for a third party will be required to have a broker or sales license.” Let’s take a closer look at this provision. On the surface this seems to be pretty apparent. If you have a REALTOR who is collecting or accepting rent for a single-family residence for a third party, it is obvious that they are acting as a property manager and now need to be licensed. In the past this was not necessarily so. If you’re a broker with agents in your office that are acting as property managers then you are responsible for their knowledge of property management and their adherence to all of the laws. In the May and June editions of the TREC

Advisor, disciplinary actions were taken against 13 brokers, agents or companies for property management issues. Two fines of $60,000 each were levied against a company in Arlington and a broker in Euless. Another fine of $15,000 was levied against an agent in Fort Worth. Plus, all three had their brokers or real estate licenses revoked. The fines were levied primarily for required steps not taken as opposed to what they did wrong. Nonetheless, a hefty price was paid. For example, said company failed to file within a reasonable time to properly account for or remit money received by the license holder that belonged to another held in trust. Nor did they maintain a trust account as required. The company was also commingling money belonging to another with their own money. Further, the company was paying operating expenses or making withdrawals for other than proper disbursements and engaging in conduct that was dishonest or in bad faith. Look real close brokers. The total fine to this company, the broker and the agent

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Putting a Face on Real Estate since 1995

is $135,000. In light of these hefty fines, as a broker, you should think about: 1. Do I want the liability of property management in my office? 2. Where can I go to gain the knowledge necessary to educate myself and/or the property managers in my office? 3. Are there trade organizations that support residential property managers? In the next several months, the Austin Board of REATLORS (ABoR) Broker Forum is going to present a four-person panel on property management. The four members on this panel are all professional property managers and TREC instructors. This presentation will avail the broker considering property management an opportunity to ask direct questions. Hopefully the answers to these questions will assist in this decision making process. In the meantime, ABoR has several property management courses. Sally Yaryan is the staff director for education and will be glad to guide either agents or brokers toward quality education in property management. Also, the Texas Association of REALTORS (TAR) is currently developing a 30-hour core

Putting a Face on Real Estate since 1995.™

course on property management. Contact Deb Waldman, TAR Professional Development at 480-8200. She will be able to tell you when this course will be offered. There are several organizations that deal with property management, however, in my opinion, the best trade organization for residential property management is the National Association of Residential Property Managers (NARPM). This organization was developed to assist residential property managers in their day-to-day job. For membership information contact Marc Witmer, Austin NARPM chapter president at 794-8171. Of course, there is another option. Suggest to your agent, who is managing a minimal amount of properties, to sell those management agreements to a professional property management firm. This is a winwin situation where the agent receives funds for their work, the broker no longer has the liability and the new property manager will acquire another property. Many property management companies will refer the property investor back to the original agent when the time comes to sell. RL

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Kenneth Osborne of Gracy Title escorts Ann Daugherty of Stanberry and Associates and Sherri Williams of Keller Williams Realty to VIP seating at the Gracy Title annual economic forecast.

Welcoming Back ~ Eddie Rinehart ~ as South Texas Area Manager

Easy Money. Earn $300 for referring investors who sign a management agreement with us.

Starkey Mortgage (WR Starkey Mortgage, LLP) is an independently owned correspondent mortgage bank. Specializing in conventional and government home loans. In-house processing, underwriting and funding allow us to simplify and expedite the approval process.

No Risk

We keep you informed over the life of the agreement and refer the listing back to you when the investor is ready to sell.

Call 512-732-8388.

RELIABLE PROPERTY MANAGEMENT, INC. Terry Godbold, MPM® RMP® ARM® GRI® TRLP® www.LandLordAustin.com • www.ReliableTeamHome.com

Eddie Rinehart

South Texas Area Manager NMLSR # 198209 Office: 512-329-9040 e-Fax: 866-926-1852 www.EddiesHomeLoans.com

Starkey Mortgage WR Starkey Mortgage LLP NMLSR# 2146 807 Las Cimas Parkway Suite 150 Austin, Texas 78746

WR Starkey Mortgage, LLP NMLSR #2146. This is not a guarantee of financing. All borrowers must meet certain underwriting guidelines and credit criteria Rules and Regulations may apply.

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

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Putting a Face on Real Estate since 1995

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September 2011

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September 2011

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Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

A little relaxation goes a long way. Paula Bacon of Reliant Title, AmeriPro Funding President Chad Overhauser, Prissy Pense and John Moore of John Horton Realty, kick back at the AmeriPro Funding/Private Label Realty employee appreciation happy hour at Cover 3. Buy photo: RL_090411_E.JPG at www.myRealtyLine.com

Capital Title’s Joy Pearson, Richard Ethridge and Tiffany Isaacs talk about how great the turnout is at the company’s grand opening celebration.

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Colette Fitzgerald of KB Home assures ABoR Chairman-Elect Leonard Guerrero of JB Goodwin REALTORS that the wings will keep coming at the KB Home Beat the Heat REALTOR Happy Hour at Pluckers Wing Bar. Buy photo: RL_090811_F.JPG at www.myRealtyLine.com Buy photo: RL_090111_D.JPG at www.myRealtyLine.com

REALTORS

$50 off to REALTORS® on a home warranty on their personal residence PLAN FEATURES:

• 13 Months Coverage for Cost of 12. • Re-Key Included • Termite, Pest & Rodent Control • Seller Coverage –FREE • Plans Start at $350.00 • Roof Leak Repair • Green Coverage CALL TODAY! 512-263-3764

Yvette Boatwright of Realty Austin shows exquisite style and grace as she glides the ball down the lane at the Realty Austin bowling tournament at High Ball Lanes.

Putting a Face on Real Estate since 1995.™

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Putting a Face on Real Estate since 1995

Gracy Title 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 S t a c y S t r o u d

racy Title may be the first and oldest title company in Central Texas, but it stands at the leading edge of technology, philanthropy and education. In a contracting market, Gracy is one of the few expanding title companies in Central Texas, with new branches opening in Round Rock in September and Cedar Park in December, as well as a brand new training center. Gracy Title, a Stewart company, offers a wide variety of MCE training courses to help real estate professionals meet professional requirements and develop their business. The company recently hired a full-time technology trainer, Nicole Boynton, to train REALTORS on all the latest and greatest tools and help keep them at the top of their game. Popular courses include marketing in a recession, using mobile devices to market properties and manage contracts, and even “What the Tweet? Facebook This and Linked In That!”, a two-hour course on social media marketing. Classes are held at Gracy Title’s state-of-theart training center and can also be offered on a one-on-one basis at your office. In keeping with its long history of technological innovation (Gracy Title was one of the first to computerize its title plant in the mid 1980’s), the company has released several mobile technology tools to assist real estate professionals from contract to close. The

Stewart Title Net Sheet app offers tremendous flexibility for real estate agents, and is a great tool for helping clients understand closing costs. You can use the app to provide an estimation of net proceeds to your clients, and even what they’ll need to bring to complete their next purchase. Need a quick estimate when you’re on location? No problem. Pull it up on your smart phone or iPad and instantly e-mail it to your client (and your favorite Gracy Title closer). With Net Sheet you can create custom net sheets for each client, save templates, and customize detailed reports—or select your market area and obtain pre-loaded default costs. Gracy offers easy how-to videos for using the app, which is available for iPhone, iPod touch, and iPad. Other apps are also available through GracyTitle.com, including the Stewart My Files application, powered by SureClose, where REALTORS have on-the-go access to their online real estate transaction files processed by Gracy Title. Escrow professionals at Gracy Title are some of the most knowledgeable in the industry, thanks to the company’s groundbreaking escrow certification program—the industry’s first true standardized escrow education curriculum. This leading-edge program for escrow officers formalizes what was once “on the job” learning to a uniform set of competencies, while ensuring that clients of Gracy Title

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September 2011

work with only the most knowledgeable and well-informed professionals. Graduates of the program have access to a vast online resource to answer any questions a client might have about title and escrow—much like having a title encyclopedia at their fingertips. Of Gracy’s 90 escrow employees, 85 to 90 percent have participated in the program to earn top-level certifications. Investment in people to help them realize their full potential is at the core of Gracy Title’s philosophy. In addition to going above and beyond to provide its employees with the tools they need to succeed, the company is a major supporter of nonprofit organizations such as Foundation Communities, which seeks to end homelessness by providing real, long-term solutions for people who are very low income, including job training, free tax preparation, and free on-site after school care for working parents. Gracy Title supports Foundation Communities by sponsoring monthly luncheons, organizing fundraisers, supporting families during FC’s Christmas Adopt-a-Family program, and volunteering for a variety of projects. Gracy also works with Susan G. Komen for the Cure, Austin Resource Center for the Homeless, and proudly supports other charities such as Austin Children’s Shelter, People’s Community Clinic, Military Moms, and Dell Children’s Medical Center of Central Texas.

David Tandy Chief Executive Officer

This month, Gracy Title is proud to celebrate its 138th anniversary with an awards ceremony for several employees who’ve reached the 30-year mark with the company. Voted one of Austin Business Journal’s “Best Places to Work” for the second year in a row this year, Gracy Title continues to demonstrate a commitment to serving and investing in Central Texas. For more information on working with Gracy Title or to explore the many resources available to real estate professionals, visit www. GracyTitle.com. RL

Find Property Tours at www.myRealtyLine.com

PRIMELENDING

GREAT RATES LOW FEES COMMUNICATION

CALL (512) 238-7888

Loan Officer

Max Leaman

Kim Nielsen

Amy Oehler

Branch Manager Sr. Loan Officer

Sr. Loan Officer

Mary Kennedy

Sr. Loan Officer

Mark Hoffman Amanda Stewart Misty Lynch Sr. Loan Officer

Candy Buzan Branch Manager Sr. Loan Officer

Trudy Savage

Sr. Loan Officer

Missy Driskell Diane M. Clark Sr. Loan Officer

Eiric Smith Jori Stern Sr. Loan Officer

Sr. Loan Officer

CALL NOW (512) 238-7888 810 Hester’s Crossing, STE 150 | Round Rock, Texas 78681 © 2011 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, a PlainsCapital Company (NMLS #: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in TX. Texas Regulated Loan License-license #7293. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. NMLS #: Buzan 179412, Leaman 151263, Nielsen 180307, Oehler 225339, Smith 176530, Savage 180854, Kennedy 179666, Driskell 180066, Clark 268025, Hoffman 171464, Stewart 292478, Lynch 280093, Pechal 178433, East 177149, Stern 177299, 176942 Eckert 357516.

Sr. Loan Officer

Sherri Eckert Loan Officer

September 2011

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RL austin

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

Donna Tarbox and Kevin Scanlan, both of Private Label Realty, chit chat at the AmeriPro Funding/Private Label Realty employee appreciation happy hour at Cover 3.

Buy photo: RL_090411_D.JPG at www.myRealtyLine.com

Marie DangSchwartz, right, of Realty Austin and Susan Horton of John Horton Realty band together to raise money for TREPAC at the ABoR/TREPAC Wine Tasting.

Buy photo: RL_090811_A.JPG at www.myRealtyLine.com Buy photo: RL_091311_F.JPG at www.myRealtyLine.com

No delays here. Ralph Bell, Beverley Williams and Colby Patterson, all of Realty Austin, work together to keep things moving at the company’s bowling tournament.

Texas American Title Company

Sit back and relax. You are in good hands!

Your Williamson County Team! Summer Pavliska Account Executive Cell: 512-577-5166

Cedar Park Office 715 Discovery Blvd. Suite 205 Cedar Park, TX 78613 Office: 512-259-5950

Jim Goldrick Account Executive Cell: 512-699-5750

Round Rock Office 1001 S. Mays Suite 103 Round Rock TX 78664 Office: 512-255-1550

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

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

September 2011

www.myRealtyLine.com

austin

Putting a Face on Real Estate since 1995.™

Putting a Face on Real Estate since 1995

WCR Chapter President Cheryl Jenkins of Realty Executives prepares to pass the baton as the group gets ready to present its new slate of officers at its monthly luncheon. She shared her presidential memories with REALTOR Carolyn Wyckoff and Michael Neuman of Realty Executives. Buy photo: RL_090211_E.JPG at www.myRealtyLine.com

Tiesa Holloway of North American Title and Shavonne Martin of Keller Williams Realty get their engines running at the WCAoR luncheon where they learn of the impact of Formula One racing on the real estate market.

Buy photo: RL_090711_E.JPG at www.myRealtyLine.com

REMAX agents in Austin attend the regularly presented RE/ MAX Power Start class on the company’s various technology, lead-generation, advertising and busin e s s- d e velo p me n t initiatives. Buy photo: RL_090111_B.JPG at www.myRealtyLine.com

We like it hot, hot, hot! David Davidson of RE/MAX Heart of Texas and Steve Cortez of KB Home turn up the heat with their hot wings at the KB Home Beat the Heat REALTOR Happy Hour.

Submitted Photo

TAYLOR MORRISON

ESCALADE GIVEAWAY

SEND YOUR CLIENTS OUR WAY, AND WE’LL SEND YOU AWAY IN STYLE. From now until Dec. 31, 2011, every time you bring a client to an Austin Taylor Morrison sales office, you will earn a chance to win a one-year lease on a 2012 Cadillac Escalade.*

ENTRY WHEN YOU REGISTER A CLIENT

ENTRIES WHEN YOUR CLIENT BUYS A HOME

To take our communities for a test drive, call 512-845-7350 or visit TAYLORMORRISON.COM.

® *One-year lease lasts from Jan. 1, 2012–Dec. 31, 2012. Must hold an active license with TREC in order to qualify. See below for more details.

IT’S ON.

Brodie Springs // Crystal Falls // Falconhead West Senna Hills // Steiner Ranch

Taylor Morrison Homes. Inspired by you® is a registered mark of Taylor Morrison, Inc. Information contained within this advertisement is correct at time of publication and subject to change. Cadillac® is a registered trademark of General Motors (GM) or its related and affiliated entities, which is not affiliated with, a co-sponsor of or responsible for either the promotion or the sweepstakes. All rights reserved. Offer void where prohibited or otherwise restricted by law. For eligibility, REALTOR® must register and accompany its client on first visit to models. No purchase necessary. Not valid with any other offers. Please see a Sales Associate for complete rules. © August, 2011, Taylor Morrison of Texas, Inc. All rights reserved.

Putting a Face on Real Estate since 1995.™

austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

September 2011

REALTY EXECUTIVES AUSTIN Welcome Realty Executives Austin Central. Our Newest Office

Gary Griffin 512.554.4673

Billy Kourkounakis Manager 512.544.5529

Michael Potter 512.789.5248

Tori Troxel 512.522.8674

We would like to recognize Carolyn Abbott

Carolyn Abbott 512.633.7080

Her outstanding production has made her a member of the Executive Club since 2009!

INDUSTRY

Morgan Simpson 512.436.4244

Bob Svienty 512.560.3117

Bruce Bai 512.293.0951

Jim Harp 512.567.9136

Cheryl Jenkins 512.699.6530 ABoR Director 2012 Current President of WCR

LEADERS

Susan Brown 512.844.5553 TAR Director, WCOR Director 2011 TAR Board of Directors

Ruby Johnson 512.215.1737 2011 Chair Membership CommitteeWilliamson County Assn. of Realtors 2011 Chair of EducationAustin Area Women’s Council of Realtors

OUR EXECUTIVES

Our Newest Executives

Martha Chavez 512.922.4833

Larry Gilman 512.762.3605

Sue Barnes 512.300.5527

Gilbert Alires 512.636.1019

Scott Cunningham 512.497.6116

Sherri Forbes, Broker 512.775.6167

Larry Sauls 512.585.3830

Michael Prillaman 512.636.5033

May Somerville 512.749.5847

George Somerville 512.749.5890

Joyce Shorter 512.255.8940

Robert Abbott 512.627.3711

Rob Hernandez 512.784.3385

Jacob Iloka 512.731.4664

Matt Wright 512.577.3676

Donna Dobbs 512.689.1732

Linda Todd 512.785.8303

Claus Markussen 512.422.7513

Marketing Services Associate

Our New Business Broker Division Austin Business Brokers, Inc. Sunil Verma 512.800.7085 Kaema Roberson 512.716.0300

Roman C. Esparza Broker, ABR, GRI, RSPS Austin Metro, McAllen, South Padre Island

512.745.7777

Keith Stewart

Commercial Division

512.965.6160

Michael Neuman

CCIM, CRS, CRI, RPA Regional Broker/Owner

Developer

www.AustinRealtyExecutives.com www.AustinDomicile.com Austin North 13740 Research Blvd. Suite D2 Austin, TX 78750 Office: 512.306.8200

Westlake & Austin Metro 5524 Bee Cave Rd. Suite F2 Austin, TX 78746 Office: 512.716.0300

Austin Central 3307 Northland Dr. Suite 105 Austin, TX 78731 Office: 512.222.7325

*Protected Territories and Franchises Available Throughout Texas*

WE LEND ALL OVER TEXAS

Charlie Bradham: NMLS# 290126 512.789.4638

Balt Regalado: NMLS# 310734 512.689.9837

Rosie Garcia: NMLS# 287137 210.724.4260

Serving Central Texas, San Antonio, McAllen & South Padre Island

September 2011

www.myRealtyLine.com

Real Estate News & Notes East 48th ½ Street Renamed Gene Johnson Street in Honor of Community Icon, M.E. “Gene” Johnson In recognition of an ordinance authorized by the City of Austin, a dedication of Gene Johnson Street (formerly E. 48th ½ Street) was held on Aug. 19. M.E. “Gene” Johnson spent his life serving others. With the naming of Gene Johnson Street, it is the country, the city, and the people to whom he gave that are able to reciprocate dedicated lifetime of service. A hardworking man, M.E. “Gene” Johnson watched as his Gulf service station on Airport Boulevard turned into a community cornerstone. He then went on to establish a successful U-Haul dealership, auto parts store and M.E. “Gene” Johnson Realtors. Those who knew him are left with fond memories and his “Service with a Smile” attitude. RL

Midtown Title Hires New Business Development Director; Partners with Independence Title Midtown Title has built a thriving commercial and residential title practice since 2006 and recently partnered with industry powerhouse Independence Title. Midtown recently hired Christy Thomas as Director of Business Development to further promote several key qualities of its office at its Central Austin location. This October, Midtown will celebrate its

fifth anniversary with a happy hour event to correspond with ABoR’s annual Realty Roundup on Wednesday, Oct. 26. Contact Christy Thomas at Christy. Thomas@ilawpc.com for your invitation. RL

Keller Williams Realty Round Rock Moves to New Digs Keller Williams Realty Inc., the fastestgrowing residential real estate firm in North America, according to Realtor Magazine, announced its Round Rock market center moved to a new building. Led by Operating Principal Steve Schlueter and Team Leader Avis Wukasch, the new space will improve the agency’s presence with area buyers and sellers, as well as the working and training experience for agents. “When the Round Rock market center opened 10 years ago, we had our sights set on success and expansion – and here we are!” says Wukasch, who is also chair of the Texas Real Estate Commission. “This move is proof positive that even in this market we are strong

and getting stronger. Our agents are many of the best in the area, so we want to continue to offer them and their clients the best real estate relationship possible.” Keller Williams Realty Round Rock (KWRR) will occupy 12,321 square feet complete with reception, private offices, conference rooms, and training facilities. The new location is located at 2300 Greenhill #200 in Round Rock. “We are proud of the way we do business and we hope residents will continue to think of us when they think of real estate,” says Operating Principal Steve Schlueter. To contact KWRR please call 255-5050 or e-mail klombar@kw.com. RL

Jennifer Goodrum Steps Up to Lead Commercial Sales Team at Independence Title Independence Title has promoted Jennifer Goodrum to Director of Commercial Business Development, putting her at the head of a growing team dedicated to supporting the commercial business sector. Goodrum was the top producing overall salesperson in 2010, with a mix of both commercial and residential business. Kara McGregor, Sr. VP of business development, says this was a strong move to leverage the top talent on her team. “Jennifer stands out as someone who is both a top sales person in terms of revenue, and also a supportive leader among her peers. She has always made time to help others on the team be successful, and has always

focused on the big picture over her own individual interests. She brings enormous value to us in this new role,” says McGregor. Goodrum is from Austin and a mother of four. She has also been a dedicated volunteer for local non-profit efforts. Goodrum leads a team of five commercial sales people in Austin, and one in San Antonio. Together, they represent dedicated commercial closing teams with the unbeatable advantage of a local title examination plant, with data covering nine counties and strong relationships statewide. Independence Title is owned and operated by Jay Southworth and Brian Pitman, and all decisions are made locally to best serve customers’ needs. RL

RL austin

Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

Teravista Introduces Move-Up Homes on Large Lots In another sign that Austin’s real estate market is coming back, Teravista in Round Rock has opened a section of executive homesites – among the largest lots ever offered in this 1,550-acre master-planned community. The homesites, which range from 90 to 100 feet wide and average 140 feet deep, are located in Teravista’s Vista Pointe neighborhood. Homebuilders Village Builders and Wilshire Homes are actively selling executive, semicustom homes with prices ranging from the $350,000s to $500,000s, and floor plans ranging from 3,000 to more than 5,000 square feet. Many of the homes feature luxury touches like outdoor living areas, gourmet kitchens, and expansive, upgraded garages. Appropriately for the community’s highest-end neighborhood, Vista Pointe has homesites with views of the championship Teravista Golf Club and community green space. Sales are now under way, with both builders marketing the 90-foot product from

their existing models. Vista Pointe adds a new higher-end price point to Teravista, which has seen its newhome sales increase by 12 percent for the first six months of 2011. “At Teravista, we are seeing a return of move-up buyers, both from the local Austin area and also from the national relocation market,” said Vaike O’Grady, marketing director for the Austin division of Newland Communities, developer of Teravista. “Vista Pointe bolsters the upper end of our price bracket, while the most affordable end was strengthened with the addition of new homes priced from the $150,000s last year.” Located at I-35 North and University Blvd., Teravista was named one of the top 20 master-planned communities in the nation for new-home sales in 2010. In 2011, the 1,550-acre community won the 2011 MAX Award for “Best Overall Community for a Developer” from the Home Builders Association of Greater Austin. RL

Coldwell Banker’s Jann Benton Awarded ABR Certification Jann Benton with Coldwell Banker United, REALTORS Georgetown office has earned the designation of Accredited Buyer’s Representative. The ABR designation is awarded to real estate practitioners who must first be a REALTOR in good standing with the National Association of REALTORS and who complete a comprehensive two-day REBAC course in buyer representation. Candidates for the designation must also pass a written exam as well as prove practical experience by having completed and closed at least five real estate transactions in which the candidate functioned solely as a buyer’s representative. The ABR designation is geared towards agents who wish to enhance their buyer representation skills, and provides proof to prospective buyer-clients of their proficiency at

servicing the special needs of buyers. “We are proud of Jann Benton for her continued professionalism as she provides each client with superior service, professional advice, and the latest technology to make each real estate transaction as easy as possible” says Cecilia Roberts, Vice President of Sales for Coldwell Banker United, REALTORS’ Georgetown market office. Jann has previously earned her Certified Residential Specialist (CRS), Senior Real Estate Specialist (SRES) and Cartus Relocation Specialist designations. RL

Keller Williams Realty’s Bartlett Real Estate Group Sponsors Successful Blood Drive in Response to Low Summer Supply In an effort to contribute during a summer of exceptionally low blood supply, real estate agency Bartlett Real Estate Group organized its second blood drive of the year which benefitted the Blood Center of Central Texas. “We had a great turnout again, even with the soaring temperatures,” says Stacey Rider, REALTOR, who coordinated for Bartlett Real Estate. “Four Points understands this vital need and can always be counted on to come forward and give this lifesaving gift.” Everyone who donated was entered into the Blood Bank’s raffle for free Southwest Airline Tickets. RL

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Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

September 2011

Mary Reynolds, Diane Afferbach and Ginger Carnwright, all of AmeriPro Funding, keep it cool at the company’s employee appreciation happy hour.

Buy photo: RL_090411_B.JPG at www.myRealtyLine.com

“If you think the Austin market is bad, try everywhere else!” Ted C. Jones, right, jokes with Larry Molinare at Gracy Title’s annual economic forecast where Ted gave the forecast presentation. Both work for Gracy Title.

Buy photo: RL_090611_F.JPG at www.myRealtyLine.com

Sarah Jacobs of New Home Market Center, Karen McKinney of Urban Homes and Land and Cimarron Hills' Judie Allen and Chris Hill take refuge inside Capital Title’s new office to escape the Texas heat. Buy photo: RL_090811_H.JPG at www.myRealtyLine.com

Denise Bodman, Sam Masty, Michael Spickes and Christina Bull (holding ball), all of Realty Austin, don’t clown around when it comes to strikes at the company’s bowling tournament.

Buy photo: RL_090911_J.JPG at www.myRealtyLine.com

5133 Texas Bluebell, Spicewood

$310,000

The HBA’s “Benefit Home” is built on donations of member’s land, materials, labor and cash. Builders and trades people offer their tools and talent, creating an exceptional home. Proceeds from the sale of this home will benefit the Dell Children’s Medical Center and the Ronald McDonald House Charities of Austin & Central Texas. This home includes many “benefits,” such as: • Located in West Cypress Hills, Spicewood • Over $50,000 in Upgrades • Greenbelt Homesite with Panoramic Hill Country Views • 3 Bedrooms, 2.5 Baths, Study/Optional Fifth Bedroom • Chef’s Kitchen featuring Warm Wood Cabinetry, Stainless Steel Appliances, Four-Burner Gas Cook Top with Vented Exhaust Hood, Built-In Oven, Microwave • Gleaming Granite Countertops • Spacious Granite-Topped Island • Outdoor Kitchen Area featuring Professional Gas Grill, Stone Surround, Granite Countertops, Prep Sink • Master Bath featuring Spa Touches including a Deep Soaking Tub, Frameless Glass Shower, Double Vanity, Granite Countertops and Smooth Satin Nickel Fixtures • And much more!

See a Virtual Tour at www.KarenSellsAustin.com. For a showing, contact Karen Matuszewski at (512) 917-2653.

Putting a Face on Real Estate since 1995.™

RL austin

Putting a Face on Real Estate since 1995

www.myRealtyLine.com

September 2011

Kindra Zepeda of Independence Title and Jazz Lough of Champions School of Real Estate turn over all of the school supplies collected to Jose Carrasco of Mendez Middle School for the kids there. NAHREP hosted the fundraising event at Serrano's Mexican Restaurant.

Buy photo: RL_091211_D_1.JPG at www.myRealtyLine.com

Will Mannis and Donelle Westbrook, both of Exit Realty, pick up some new skills at the AYREP educational event and happy hour at Cool River Café. Pat Hiban, Keller Williams Realty’s No. 1 agent in the world, told the crowd how he became a $1 billion agent. Buy photo: RL_090811_D.JPG at www.myRealtyLine.com

Buy photo: RL_091111_E.JPG at www.myRealtyLine.com

Who drug these alley cats in? Carol Hasty and Joy Herring, front row, and Keri Anthony, Keri Chemlik, and Horacio Gallegos, back row, all of Realty Austin, make another perfect score at the Realty Austin bowling tournament.