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in this issue…

Putting a Face on Real Estate since 1995™

• Highland Homes Pop Those Prizes Countdown Party • Santa Rita Ranch REALTOR Rodeo • HBA MAX Awards Gala • WCREALTORS All Star Builder Fair • & Much, Much More!

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MAY 2018 • VOLUME 23 • ISSUE 1

Tiny home boom or bust? By Riki Markowitz

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

P. O. Box 81366, Austin, Texas 78708

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n the Austin-Round Rock metro, there’s a housing trend that’s not so much bubbling under the surface, but rather, it’s close to bursting at the seams. In this case, “seams” is synonymous with zoning constraints. The tiny house movement is not a recent phenomenon. This is an important distinction because its longevity demonstrates that as soon as developers build a tiny-home community here in Austin, we expect that people will come.

Historians of the genre credit author Henry David Thoreau with being the godfather of the tiny home movement. In 1854, Thoreau chronicled his experience living in a 150-square-foot cabin next to Walden Pond. Today, Walden is to tinyhome enthusiasts what "On the Road" is to fans of 1950s beat-poet, road-tripping culture. “Tiny Houses,” published in 1987, was possibly the first book about micro homes and a return to living modestly. Between the 1850s and 1980s, tiny homes were pretty common on private property. They were known as granny cottages, in-law suites, guest apartments and the pool house. The first company in the United States to build tiny homes, Tumbleweed Tiny House Company, was founded in 1999. Many credit owner Jay Shafer with kickstarting the modern movement when he co-founded the Small House Society, an organization that promotes small-living lifestyles. In 2007, the movement received widespread recognition when Oprah aired a video of Shafer and his 96-square-foot home, and then gave her audience decorating tips. Just over a decade after Oprah endorsed tiny-home living, the movement has only had some moderate success. For some reason, there’s a big gap in the numbers of people who watch tiny house hunting, decorating, and building TV-shows, and actual tiny

Featured Event May 31st, 2 p.m. Platinum Top 50 REALTORS: Farewell Fashion Show

house owners. It may even be considered one of Oprah’s biggest failures if there weren’t so many laws that restrict builders from developing micro-housing communities. In Central Texas, the housing market continues breaking sales records quarter-over-quarter, year-after-year. But with each increase, the middle class gets further away from being able to afford homeownership in popular metro areas. It would seem like Austin is a perfect

location for tiny home neighborhoods. In land development code terminology, tiny homes are known as accessory dwelling units (ADU). An ADU is a fraction of the cost of an ordinary home. At about 1,100 square feet and under, they use less gas and electricity. Micro houses are primarily a one or two-person household. In Austin, 35 percent of homes are a one-person

Front Page: Continued on page 28

Features of the Month Column: ABoR—Tiny Home Hurdles and Upcoming Events . . . . . . . . . . . . . . . . . . . pg. 3 Column: WCREALTORS—Living Small. Know What You're Getting Into! . . . . . . . . . . . .pg. 7 Column: HBA—HBA Launches HomeAid Chapter . . . . . . . . . . . . . . . . . . . . . . . . pg. 15 Column: Women's Council—Are Tiny Homes the Future of Home Ownership?. . . . . . . pg. 18 Column: RRC—Tiny Homes Appeal to Buyers in All Generations . . . . . . . . . . . . . . . pg. 20 Expert Commentary: Understanding the Nature of Buying a Condo. . . . . . . . . . . . . pg. 22 Associates in Progress: OnQ Financial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg. 25 Special Feature: Local Builder Hangs Up His Boots; Sells Assets. . . . . . . . . . . . . . . . pg. 26 Upcoming Events. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . pg. 33


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IT’S ALWAYS NICE TO END ON A SWEET NOTE

Left to right: Sarah Guerra, Office Administrator Tara Adelman, Branch Manager/Escrow Officer Kim Cole, Escrow Assistant

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Putting a Face on Real Estate since 1995.™

As your neighbors in Crystal Park, we’re in arm’s reach throughout every part of the transaction. Supported by dedicated industry professionals at every level, we’re here to help you swiftly navigate past the challenges of the closing process. Innovative industry tools, rapid turn times from our local Williamson County title plant and the security of our in-house underwriting team are just three of the reasons we’re ready to quickly move forward with accuracy and confidence. Stop by our office to find out more about all the sweet rewards that come with making Stewart Title of Austin a part of your team.

Your trusted partner in real estate. Stewart Title of Austin, LLC Round Rock – Crystal Park 2300 Greenhill Dr., Ste. 210 Round Rock, TX 78664 512.582.4900 main 512.857.1148 fax stewart.com/austin

© 2018 Stewart. All rights reserved.


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Austin Board of REALTORS®

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President’s Column By Steve Crorey • 2018 President

Tiny home hurdles, upcoming events

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s consumers increasingly look for smartly designed, efficient and affordable properties, the tiny home movement is taking root across our country. In Austin, however, you’re much more likely to see a tiny home on your TV than on your block, as our city’s antiquated land development code currently prevents such properties from being built. Through CodeNEXT, ABoR is actively advocating for a new code that allows for more accessory dwelling units and smaller lot properties to be built. Learn more about this important process and how you can get involved by visiting ABoR.com/CodeNEXT. You can access informational videos, a helpful conversation guide and more. Are you an active ABoR volunteer leader and interested in taking your involvement to the next level? Starting May 15, you can apply to serve on the ABoR Board of Directors or for a TAR leadership position. Applications are accepted through June 30. You can review the application and eligibility criteria at ABoR.

com/Leadership. And finally, as both temperatures and the region’s housing market begin to heat up, don’t forget about our local residents in need. Join the ABoR Foundation and Family Eldercare in giving back through our Summer Fan Drive. A simple donation of a 20-inch box fan could save a life! Get involved at ABoR.com/FanDrive.

Three May Events You May Not Want to Miss May 23: Join ABoR for a Spring Fiesta To show appreciation to our members, ABoR and AYREP are excited to host our Spring Affiliate/REALTOR Happy Hour on Wednesday, May 23. We will offer FREE professional headshots and prize giveaways, and you can enjoy free drinks, great food and networking while you’re there. Bring a friend and register for this free member event at bit.ly/ SpringFiesta2018. May 30: Charting our Course: May Town Hall The ABoR Board of Directors has embarked

www.myRealtyLine.com on a process to modernize our Association's bylaws and make them more aligned with how our industry and our Association operate today. We're holding our May Town Hall to give ABoR members the chance to learn more and weigh in about this important process, directly with the ABoR Board. Register at ABoR.com/ MayTownHall. May 31: ABoR Academy Digital Day Join the ABoR Academy for its inaugural Digital Day on Thursday, May 31. National

May 2018

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real estate tech guru Craig Grant will teach two back-to-back classes that will optimize the online presence of your business and your brand. Register by May 17 at ABoR.com/DigitalDay and save $10. Save the Date: Realty Round Up 2018 Pack your bags for “The Great American Road Trip” at Realty Round Up 2018! Mark Wednesday, Oct. 17 on your calendar for the largest industry tradeshow in Central Texas. Check out ABoRRoundUp.com. RL

EVENTS & EDUCATION:

MORE AT ABOR.COM

Events May 23: ABoR & AYREP Affiliate/REALTOR Happy Hour –ABoR HQ, 5:30 to 7:30 p.m. May 26: ABoR Satellite Offices closed – Memorial Day May 28: All ABoR Offices closed – Memorial Day May 31: ABoR Academy Digital Day – ABoR HQ, 9 a.m. to 4 p.m.

Education May 18 -19: ABoR Real Estate Licensing Exam Prep Course – ABoR HQ, 8 a.m. to 5 p.m. May 21: Know Your Code Articles 12 & 14 – ABoR HQ (TREC# 29853) May 22: Property Management Business Issues – (TREC# 31674) May 22: TAR Residential Leasing and Property Management – ABoR HQ (TREC# 31671) May 23: Residential Evictions – ABoR HQ (TREC# 31673) May 23: Tenant and Owner Relations – ABoR HQ (TREC# 31672) May 24: Maintenance and Habitability of Residential Rentals – ABoR HQ (TREC# 31670) May 24: Statutory Acts and Contingency Planning – ABoR HQ (TREC# 31669) May 29: RENE: The Power Negotiator’s Playbook – ABoR South (TREC# 31624) May 31: Run Your Real Estate Business on Google & the Cloud – ABoR HQ (TREC# 34291)


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May 2018 www.myRealtyLine.com

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Putting a Face on Real Estate since 1995.™

Classic Realty agent Todd Martens knows he's in good hands learning from Wayne Morgan at The Real Estate Business School. He attended Wayne's "Get Your License and Learn How to Use It" program to be sure he's getting the most out of his calling in real estate.

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KB Home brings together industry professionals to show off its newest offerings. KB Home's Bud Bradford, left, was pleased the networking opportunity allowed folks like Sheri Brummett of Coldwell Banker United, REALTORS to meet SouthStar Bank Mortgage's Aaron Lee.

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It looks like Patricia Perez of DHI Mortgage has got her heart set on this one! She hedged her bets and put down a high bid on this cake at the TREPAC Cake Auction.

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May 2018

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

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

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Putting a Face on Real Estate since 1995.™

First American Title rolls out the red carpet for its celebrity REALTORS at a special appreciation event at its Round Rock office.

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TAR President and CEO Travis Kessler, Austin Board of REALTORS CEO Emily Chenevert, Courtney Rose of George E. Johnson Properties and ABoR President Steve Crorey come together to celebrate the 50th anniversary of the Fair Housing Act. Download Photo: RL_050918_A.jpg for FREE at www.myrealtyline.com

Legacy Mutual Mortgage is full of amazing talent, including Chief Talent Officer Natalie Penland and Amber Collins of DBM, Inc., co-chairs for the HBA's 2018 MAX Awards Gala. Natalie also serves as the organization's Sales & Marketing Council chairperson.

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Noble Davis and Nell Hurtado, both of Lakeline Realty, are excited to tour the Scott Felder Homes model in Round Rock's Siena community where the builder is offering floorplans starting in the $200s.

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Williamson County Assoc. of REALTORS®

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President’s Column By Victoria Reviel • 2018 President

Living small? Know what you're getting into!

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iny is the new buzzword in any discussion about affordable housing. We all are happy that home values in Central Texas are on the rise, but along with that comes other issues; increased property taxes, lack of affordable re-sale homes and the cost of new home construction has also risen substantially in the last several months, making it more difficult for those first-time home buyers. Within this changing landscape a few alternative solutions are becoming available and that brings us to the option of tiny homes. These are usually homes under 900 square feet. Some are portable and others are permanent structures, but they all have the common denominator of being small. Those looking at tiny homes aren’t always just looking because of the price factor. One draw to tiny homes is the simplicity; buyers want to make their lives easier and provide time to be with family. Many buyers love that they are free from a large mortgage payment, as tiny homes are certainly priced in the affordable category. Many tiny homes are mobile and can be

driven around to other areas. There are those who have them parked during the week in their hometown area and go off to somewhere else for the weekend! Now that this has become a popular choice for so many people, various campgrounds exist across the country with spaces specifically for portable tiny homes. Many Central Texas city planners are dealing with the question about tiny homes and zoning. How many homes can be put on a lot and what size lots can be sold for tiny homes, what about water, sewer and other usual home issues connected to these small homes? Consequently, all these unanswered questions have kept many cities from adopting any type of policy with regards to including tiny homes in their city planning. In Williamson County, Cedar Park does not have an ordinance for tiny homes but does require a minimum residential square footage of 1,100. The City of Leander did pass a city ordinance regarding tiny homes. According to Tom Yantis, assistant city manager, tiny homes can be built in

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May 2018

Leander. They are required to be a minimum of 140 square feet, no more than 700 square feet and on a foundation. Each house needs its own driveway and street address. Zoning is available for both individual lots and multiple units on a lot. This is related to the utility capacity of the individual lot. They also need to be permanent structures and not on wheels. There are several other guidelines within their ordinance, so it’s always good to check before moving forward with a project. At this time, several developers have inquired about tiny homes but to this date, no permitting has been done to indicate that any are being or considered being built in Leander. So in conclusion, there are several things you need to consider before building or purchasing a tiny home; • Where will you put your tiny home?

Acreage, lot or existing tiny home community? • Should the home have a foundation or be on wheels? • Will a tiny home fit your lifestyle and family requirements? Consider the number of rooms, bathrooms and living areas. • What utilities will you require? Electricity, internet service, solar panels, city water or well water, city sewage system or septic system and let’s not forget the composting toilet. • And lastly, consider what your financial and life goal is. Are you going to live in the home for a few months, years or decades? As long as you are informed about pros and cons about tiny house living then you can embrace and enjoy your tiny home. RL

Event & Education Schedule

Register at www.wcaor.org

May 17

Creating Comprehensive CMA

30

18

Creating a Property Resource

June

21

New Agent Boot Camp

22

Business Planning for Realtors

1

How Technology Can Ruin Your Real Estate Business

Accredited Staging Professional

5

Lunch & Learn: Assets & LLCs

22

How to Become a Texas Broker Panel

6

Intro to Matrix

8

Legal Update I

23

Reverse Mortgage-HECM for Purchase

8

Matrix Listing Input

12

24

Farming with Realist

Creating Comprehensive CMA

MY WHY?

I’m selective about who I work for. So, when I heard about the origins of RE/MAX, I was intrigued. Their North Star was simple, yet radical: pay agents what they deserve. And that I can get behind.

Why RE/MAX? Their story is my why. ©2018 RE/MAX, LLC. Each office is independently owned and operated. 18_300076

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Find your why at joinremax.com


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Dave Kupur of JB Goodwin REALTORS and Suzanne Chambles Rain of 3-D Realty have a bite to eat while they check out Bryson's new resident amenity center where residents enjoy their own covered pavilion, resort-style pool with beach walk-in, playground and builtin bar area with bigscreen TV.

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Classic Realty's Lorrie Westberry, second from left, thanks the folks from Austin Title for coming out to celebrate the grand opening and ribbon cutting for the company's Round Rock office, where she is the new broker. Among those on hand to support her were Felisha Cockran, Cheryl Scully, Brianna Jones, Monica Perez and Pam Carroll. Download Photo: RL_051018_C.jpg for FREE at www.myrealtyline.com

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Rhonda Houge, right, of Scott Felder Homes shows Alma Spaulding of New Home Heroes all the living areas in the two-story model at Siena near SH 130 off of Highway 79 in Round Rock. The builder has numerous available inventory homes available now starting in the $200s.

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To Learn More or Sign Up Call or e-mail us Today! 512.453.0900 • info@buildmyrebusiness.com


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May 2018

Happy Anniversary to Sandi Gillis for 40 years of dedication and service with Austin Title. As an Escrow Officer, she demonstrates a high level of knowledge and professionalism and always with a smile. Thank you Sandi, for being such an important asset to our company and industry.

Sandi Gillis

Vice President/Escrow Officer sandi.gillis@austintitle.com 512-346-4020

Congratulations to Veronica Harrison for receiving the prestigious MAX Title Industry Professional of the Year award presented by the HBA of Greater Austin’s Sales and Marketing Council. The award appropriately reflects the endless hours Veronica goes above and beyond for her clients. Congratulations on your tremendous success. We are so proud!

Exciting Things Are Happening at Austin Title

Veronica Harrison

AVP/Branch Manager veronica.harrison@austintitle.com 512-244-2266

www.austintitle.com

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Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.™

It's a fun day to win $10,000 in cash prizes. Glenn King of RE/MAX Round Rock, Jerry Berry Mostyn and Phyllis Helge, both of JB Goodwin REALTORS, are all hoping they are the lucky ones to win at Santa Rita Ranch's REALTOR Rodeo.

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WCREALTORS President Victoria Reviel of 98th Meridian and Mark Hairston of Caliber Home Loans try to sneak a taste before the TREPAC Cake Auction starts. (You eat it, you buy it, right?)

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Stewart Title cheers on the winners at the Home Builders Association's (HBA) 2018 MAX Awards Gala at the JW Marriott, where over 100 awards were presented to builders, developers, vendors, mortgage and title companies.

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Holly Schuler of First American Title surprises Jason Crouch of Austin Texas Homes with his very own star on the red carpet! The company recently celebrated with its "REALTOR Celebrities" at its appreciation event.

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


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"Challenge accepted," says Lili Maliner of Coldwell Banker United REALTORS and Brittney Heffernan of David Brodsky Properties, when they learn about the "Pop Those Prizes" program from Ron Glenn, center, of Highland Homes. He explained that all REALTORS have to do is sell two Highland Homes before October 1st to qualify to win CASH prizes. Everyone who qualifies wins and the prizes get bigger the more you sell! Highland Homes start in the $240s. Get more details from the company's ad on page 26.

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Darian Rausch of Stewart Title exhibits some of the latest releases from the Stewart Marketing department at the Stewart Title booth at the WCREALTORS All Star Builder Fair.

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Lorrie Westberry, new owner/broker for Classic Realty, shows off her article in RealtyLine announcing the launch of her company. WCREALTORS' Past President Suzanne Gantner of Sky Realty gave her the memento. Lorrie recently hosted a grand opening and ribbon cutting at her office in Round Rock.

Submitted Photo

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MARK HAIRSTON When You Need it Done Right the First Time! Until one is committed ... There is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth, the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one's favour all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamt would have come his way. I have learned a deep respect for one of Goethe's couplets: Whatever you can do, or dream you can, begin it. Boldness has genius, power, and magic in it! — William Hutchison Murray Mark Hairston Senior Loan Officer (NMLS#221417)

512-789-6967

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Francis Jordan, center, of Keller Williams Realty is in good hands with the pros at DHI Mortgage. Janet Thomas and Eddie Garza De Haro, both of DHI Mortgage, reminded REALTORS at the WCREALTORS All Star Builders fair that they are a full-service lender for new homes and resale homes. Give them a call! Download Photo: RL_051418_K.jpg for FREE at www.myrealtyline.com

The best thing about Santa Rita Ranch's REALTOR Rodeo - cash prize giveaways every 10 minutes! George and Vicki Chuck, both of Horizon Realty, grab a bite while they wait for them to announce the next winner. They experience a slide of The Ranch Code #11 — Having Fun! Download Photo: RL_050418_B.jpg for FREE at www.myrealtyline.com

Hillwood Communities, developers of Wolf Ranch in Georgetown, celebrates the grand opening of "The Den" — the community's new state-of-the-art amenity center, which features impeccable design and an impressive resort-style pool. Buyers can choose from six top home builders offering homes from the $300s.

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Oooh, Julie Carnevali of Keller Williams Realty popped those prizes at Highland Homes' REALTOR incentive program countdown event and won $200. REALTORS who sell at least two Highland Homes by October 1st will win cash prizes — it really is that easy!

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Information About Brokerage & Consumer Protection Notice

TREC adopted a change to assess administrative penalties from $500 to $3,000 per violation per day for violating the rules about providing TREC’s Consumer Protection Notice and the Information About Brokerage Services form. Join us to learn the best practices for using IABS and Consumer Protection Notice online.

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Home Builders Assoc. of Greater Austin

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President’s Column By Lee Whitaker • 2018 President

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HBA launches HomeAid Austin; a charity partner dedicated to serving Austin’s homeless population

n behalf of the HBA of Greater Austin Board of Directors, I am so excited to write to you to introduce you to a new charity partner of the HBA — HomeAid Austin. A chapter of HomeAid America, HomeAid Austin is a nonprofit whose mission is rebuilding lives for Austin’s homeless through housing and community outreach. HomeAid Austin will bring together the greater Austin homebuilding industry’s generosity and local nonprofit organizations serving the homeless to accomplish a housing need for our most vulnerable of neighbors. How? HomeAid will garner in-kind donations of labor and materials to build dignified housing for these reputable nonprofit organizations serving the homeless. When a HomeAid project is complete — whether it is an emergency shelter, transitional housing or permanent supportive housing — the care provider owns and operates the housing and provides the support services (i.e., education and job skills training, financial education, counseling and emotional support) that enable residents to get back on their

feet and move toward self-sufficiency. This collaboration allows nonprofit care providers to focus their energy and resources on providing direct services while homebuilders provide the construction-related expertise needed to build high quality housing at a fraction of the typical cost. HomeAid leverages donations from the community to accomplish more with less, so I hope you can help us launch HomeAid Austin by participating in our first ever fundraiser! Mark your calendar for Friday, June 8, when HomeAid will be screening the film "Mighty Ground" at AFS Cinema. "Mighty Ground" follows the journey of a gifted songwriter named Ronald Troy Collins, a homeless man living on the streets of Skid Row, and the impact he makes on those who come to love him and who help make his dreams reality. A living example of redemption and what it means to transform oneself from rock bottom, Ronald’s transition from the streets to the stage is a real-world story of hope and inspiration. The premiere screening of "Mighty Ground" is limited to 160 guests. Your seat

www.myRealtyLine.com is guaranteed with a $50 or more suggested donation. You can also donate more to support the HomeAid Cause. You can get more information and register online at www.hbaaustin.com/event/ homeaid-austin-mighty-ground. Thank you in advance to the companies who are already a part of this exciting effort and leading the HomeAid Austin Board of Directors: • Lennar Homes – Charlie Coleman • Taylor Morrison – April Solimine • Brookfield Residential – Dirk Gosda • Pacesetter Homes – Lee Whitaker • Chesmar Homes – Kelsey Danielson • Crescent Communities – Kandis Rushing • Newland Communities - Nicolle Ramia • Scott Felder Homes – Steve Krasoff • First American Title – Linda Rosa • Corridor Title – Laura Dupont • Meyers Research – Lloyd Vaughn • 2-10 Home Warranty - McCalle Fryar • SouthStar Bank Mortgage - Jeff Pareja, Sr. • Metrostudy – Amy Martin Lastly, if you are interested in learning more about HomeAid, please visit www. homeaid.org. I am excited to see our industry make a big impact on this community need here in greater Austin. RL Mighty Ground follows the journey of a gifted songwriter named Ronald Troy Collins, a homeless man living on the streets of Skid Row, and the impact he makes on those who come to love him. A living example of redemption and what it means to transform oneself from rock bottom. Join the HBA and HomeAid Austin on June 8 for the premiere. Visithbaaustin.com for information.

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May 2018 www.myRealtyLine.com

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The pros at SouthStar Bank make lending easy! We caught up with David Romero and Debra Godwin, both of SouthStar Bank, as they chatted with Amber Lambrecht of Reilly REALTORS at the WCREALTORS All Star Builders Fair at the Dell Diamond.

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AWARD WINNER Taurus Investment Holdings takes home the 2018 MAX Award for Best New Community for Whisper Valley — Austin's only Eco-Smart Master-Planned community with geo-thermal heating infrastructure to make homes net zero energy. The community is on Austin's east side toward Manor, just minutes from the airport.

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Whisper Valley, Austin's only eco-smart community, welcomes REALTORS and industry professionals to tour the community. The community's infrastructure includes geo-thermal heating that builders like Homes by Avi tap into to help make the homes here Zero Net Energy. Natalie Roberts of Social Strategies and Arien Bowersock of AMEC Mortgage, thank Homes by Avi Division President Alice Mateyko and sales manager Jennifer Wehmeyer for showing them around.

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

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Financing offered by DHI Mortgage Company, Ltd. Branch NMLS #38686. 10700 Pecan Park Blvd., Suite 120, Austin, TX 78750. Company NMLS #14622. For information on DHI Mortgage licensing, please visit www.dhimortgage.com/licensing. Provided for informational purposes only. This is not a commitment to lend. Not all borrowers will qualify. REV: 04/17/18 | EXP: 04/17/19


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

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May 2018

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May 2018 www.myRealtyLine.com

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Women's Council of REALTORS

President’s Column By Carol Hardy • 2018 President

Are tiny homes the future of home ownership?

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can’t say if tiny homes are a trend or fad, and after having asked several fellow REALTORS and others in the industry, all have said tiny homes are here to stay! I can see where these itty-bitty residences are attractive in that there is far less to vacuum and dust, but you also have definite challenges that may or may not be so obvious. So, here are some things I came up with that may be a pro or con, depending on your size. 1. Tiny houses are — well they are really small! While this is taking minimalism to the max, living with less can be very freeing as well. Less material items that break, get lost or need maintenance can be a stress reliever and you probably won’t even miss it. I remember once we were renting a house after a big move and only unpacked half our boxes since we were buying a house in a few months. I didn’t even remember what those unpacked boxes contained. If I didn’t know, I must not have needed it, and/or they weren’t important. A tiny house owner will also need to be super creative with storage space. Could you do without your closet, pantry or book shelves? Well, maybe bookshelves. 2. Where can you put a tiny home? This is a good question and one you would really need to plan. This is not a traditional house, an RV or a mobile home. Can you build it on any residential lot? Can you simply hook it to your car and go where ever you want? This needs to be researched and planned by the owner. It could be that some RV parks will allow them. Land that does not have an HOA attached would probably be just fine. Since these are such a new concept the owner would need to do their due diligence in finding these answers before downsizing into this tiny home. 3. Adjustments will need to be made! Adjustments to what, besides size? Have you ever

tried to level an RV? Yes, you must level the house so items don’t roll off the counter, doors stay shut, etc. How about skirting? Concealing the outer structure so you don’t see the wheels or other “mechanical” eyesores can be tricky. How about if you have children? Well, if they start out in a tiny house, that will be all they know — pretty simple. Remember when you made a fort out of blankets and sheets on mom’s chairs and tables and then pretended to live in it? Well, this is what your kids will have all the time. I’ll say this, their cleaning chores will be done lickety-split! 4. Tiny homes still need maintenance just like big homes! You can’t get away from this one. If you use propane, the tank will still have to be checked. Appliances will go out and you’ll need a plumber every now and then. Maintenance to a house is just that, maintenance — it is ongoing no matter what size of home. 5. You might just love it. I see tiny homes as a lifestyle, and a way for those who can’t afford the traditional size home. You will definitely be spending more time outdoors, be more creative with living space and have the ability to travel more without a large mortgage. Then there are those who would otherwise not be able to be homeowners. This is a more affordable route to owning your home. This could be the answer to many opportunities in limited areas for homeownership or as an investment treasure. There will be sceptics, dreamers, entrepreneurs, adventurers, and yes, homeowners that will have an opinion and may even want to try tiny home living. But one thing is for sure, though the structure is tiny, the sky’s the limit on how these can become the next generation of residential living. RL

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Donna McCay of Keller Williams Realty, Kerri Parker of JP & Associates, Efrain Cayama of Security National Mortgage Company and Kristin Wood of Keller Williams Realty make their rounds at the WCREALTORS All Star Builder Fair while learning about builder incentives and bonus programs, inventory and other news from the vendors.


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May 2018

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

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May 2018 www.myRealtyLine.com Residential Real Estate Council

President’s Column By Mary Lynne Gibbs • 2018 Director

Tiny homes appeal to buyers in all generations

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hen my daughter Kelly shared her interest with me to own a tiny house, I thought, “what was she thinking?” Why would someone have that desire and was this a fad? She explained how these homes are more environmentally friendly and offer a simplified lifestyle. As I began to educate myself about this whole tiny home craze, I decided to do some research on this concept and discovered there were several factors that folks take into consideration when looking at this as their best housing option. Footprints, efficiency and affordability are top on the list of benefits to buyers. Having a smaller footprint will in fact allow one to be more conscious in acquiring items that are not necessary and become more efficient in living a minimal lifestyle. Keeping in mind the size of the space will lead to lower utility bills when it comes to heating and cooling which will give way to freeing up financial assets. Investing in a home versus renting is always a smart option and a small house will give an affordable pride of homeownership. Thinking this is just a generational thing?

Think again. As I developed conversations with other fellow REALTORS, I discovered it was a desire of folks from every generation. A colleague shared with me this photo of what she described as a “Granny Flat.” It is a small French 17th Century stone cottage. She targets tiny houses as a part of her marketing plan on social media. Tiny House Hunters on HGTV have several episodes that offer a wide variety of styles from contemporary to rustic. They also show the value of being mobile with an ability to move easily. Mobile Loaves & Fishes’ Community First Village has a 27-acre master-planned community for transforming and supporting our homeless men and women. They provide 140 micro homes to their residents offering a hand up as they transition back into society. What an impactful cause and generous concept. Texas has been ranked at the top of the “Best Places to Build A Tiny House” list. Austin specifically is home to Constellation ATX which features over 100 lots for tiny homes, Village Farm is slated to have 150 home lots

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and Kyle has a tiny home project tentatively named Stage Coach coming to the area with 400 lots. Based on the many developing communities nearby it is a good indication that these housing options are a desire of our consumers in the real estate industry and seem to be the latest trend and not fad. For more information about upcoming luncheons, events or becoming a CRS designee, like us on our Facebook page: Texas Central RRC Residential Real Estate Council. RL

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The crew at Independence Title shows their support for clients up for awards at the Home Builders Association's 2018 MAX Awards Gala.

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Happy Happy Mom Day! NEW HOMES FROM THE MID-$200’S | MODELS OPEN SUMMER 2018

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May 2018

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May 2018 www.myRealtyLine.com Experts Speak Out

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Putting a Face on Real Estate since 1995.™

Commentary By Harold Copher, Jr. Willow Bend Mortgage

Understanding the nature of buying a condo

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uying a condominium or townhouse seems to check off a lot of boxes for buyers on both ends of the homeowner spectrum — first-time homebuyers “easing” their way into the responsibilities associated with homeownership, and those looking to downsize into lower maintenance known as “lock and leave” living. Buyers know better than to delay visiting their REALTOR until they need to move in a month later. The same can be said for financing. I always suggest that clients first meet with me when there are no real time constraints. When you think about it, a condominium is more accurately described as a form of ownership as opposed to a building type. You can find office condominiums, site condominiums, as well as a multi-unit single story, midrise or high-rise developments. What makes the ownership unique is that you don’t actually independently own a piece of ground. You own your walls and living space and, along with the other owners, a percentage of the common areas. Condominiums have a Homeowners As-

sociation (HOA), or a Condominium Homeowners Association. Dues are collected by your condominium association to fund maintenance of property in which you have an ownership interest. Other developments have HOA dues that fund maintenance for property which is owned by a separate entity, the HOA. Common areas have no separate title in a condominium association. Mortgage guidelines require an assessment of the buyer’s credit worthiness and ability to repay, but there is also a requirement to assess the collateral for the loan. That process is a little more complex when you are purchasing interest in a condominium. Lenders view the condominium’s shared ownership as a unique risk factor since the condominium ownership group can impact the value of the unit you purchase. The financial stability and owner profile for your collective group of co-owners in the association has more influence on the condominium’s value and maintaining that value over time with this type of ownership structure. Mortgage lenders will classify condominium properties as either “warrantable,” or “non-

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Condo projects like this one on East 4th Street near Chicon Street are popping up all over Austin. FOURTH& is a 4-Star Rated by Austin Energy development by Capsa Ventures with 97 condos that offers 600 solar panels, preinsulated recycled steel panels, variable speed A/C systems and 100 percent LED lighting throughout.

warrantable.” A warrantable condominium project can be eligible for virtually the same conventional financing programs as a singlefamily home or townhome property. However, a non-warrantable condominium project will likely require a larger minimum down payment, come with a higher interest rate, and all term offerings may not be available. The condominium’s homeowners association (or its management firm) is required to provide information to the lender relative to the financial stability and ownership status of the association in the form of a condominium questionnaire or certificate. Whether a property is considered warrantable or non-warrantable is dependent on a combination of many factors, but the two your mortgage lender will screen immediately are (1) the number of units that are owner-occupied, and (2) the allocation of ownership. Of equal importance are acceptable insurance coverage, potential ongoing litigation and the current financial status, including reserves and dues payments in arrears. Historically, owner-occupied properties are better maintained. In general, lenders are verifying over 50 percent of the units to be

owner-occupied as primary residences or as second homes. Lenders want to see a target percentage of units owned by one individual or entity around 10 percent or less. If you have a single owner with over 10 percent of the total units, their financial participation is likely critical to your condo association’s stability. The takeaways here are: (1) if you’re considering a condominium purchase, recognize there are two basic categories, warrantable and non-warrantable, and the financing options for the two types are distinctly different. Also, the warrantable or non-warrantable designation has the potential to change moving forward. In reality, it’s almost a certainty that your partners in the condominium development will change over time. Their housing needs and lifestyles may change. What was once a primary residence has now become a rental unit, and vice-versa. Our area has many great condominium properties available, and they may be a perfect fit today — just remember that condo owners’ needs will change, and that will reshape the community. RL


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May 2018

Guaranteed Rate welcomes one of Austin’s top producers Say hello to John Schutze! The mortgage industry is changing fast! Clients want more clarity, control and value. I believe Guaranteed Rate is 3 years ahead of the competition in providing an industry leading digital mortgage process, innovative programs and amazing rates. The digital mortgage process puts the borrower in the driver’s seat.”

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6207 Bee Cave Rd, Suite 110, Austin, TX 78746

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After touring this model home, Victoria Costello and Nancy Best, both of Coldwell Banker United REALTORS, head over to the Wolf Ranch "Den" — the community's new amenity center, designed by the renowned Michael Hsu Office of Architecture in Austin. The Den includes an impressive resort-style pool for residents you have to see to appreciate!


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

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pecializing in residential mortgage loans, OnQ Financial supports family purchase, refinances and cash-out transactions up to $2 million. “We also have sources for one-time close construction, remodel and renovation programs, foreign national loans and bank statement programs,” says Monica Jenkins, mortgage consultant for OnQ Financial. “We also originate all the local and state down payment assistance and first-time homebuyer programs.” OnQ Financial was founded in 2005 with 12 employees and expanded into the Austin market in December 2012 by opening its primary branch location at Lake Austin and Capital of Texas Highway. “Today, we have

over 600 employees in more than 70 offices in 41 states with annual volume of roughly $3 billion,” says Aaron Page, mortgage consultant for OnQ Financial. “Our Austin market is looking at expanding to include a North Austin/Round Rock branch and a South Austin/ Dripping Springs location.” For Jenkins and Page, who are both responsible for their own production teams, finding high-quality team members is important as they grow and expand their business. “We currently have six highly experienced mortgage consultants as part of our Austin group and we are looking to grow and add other like-minded individuals with the same level of knowledge and experience,” Jenkins says.

In Austin's sellers market, "it is of paramount importance that clients are fully credit approved before submitting an offer on a home and that their lender has a strong credibility in the marketplace for being able to close the transaction quickly, smoothly and on time.” – Aaron Page, Loan Consultant

www.myRealtyLine.com

May 2018

Licensed to lend to anyone financing a property in Texas, OnQ Financial works with a range of clients, including those with low credit scores, first-time buyers, investor loans, jumbo and super jumbo loans, refinancing and purchases. Regardless of the lending type, OnQ Financial is dedicated to its customers. “We originate loans at a very high level, and we are each responsible for every step of the process from initial client contact through loan application, processing, underwriting and closing/funding of the transaction,” Page says. To ensure a quality experience for its customers, OnQ Financial offers a 15-day guarantee close on their conforming purchase transactions for Conventional, FHA and VA. “We will pay the buyer and seller of the transaction $1,000 each if we do not meet the contract closing deadline,” Jenkins says. Page adds, “We also provide a full underwriting loan approval for all loans without properties, which allows a buyer to be fully credit approved and to submit an offer without a financing contingency. Both of these benefits with OnQ Financial put the buyer and their REALTOR in the best possible position to ‘win the bid’ in a competitive seller’s market such as Austin.” As the local real estate market continues to become more competitive, OnQ Financial recognizes the importance of working with a reputable, successful lender. “Austin is such a strong sellers market, and due to inventory issues, that is not projected to change anytime in the foreseeable future,” Jenkins says. “So it is of paramount importance that clients are fully credit approved before submitting an offer on a home and that their lender has strong credibility in the marketplace for being able to close the transaction quickly, smoothly and on time.”

Aaron Page, Mortgage Consultant

Monica Jenkins, Mortgage Consultant

Dedicated to building quality client and partner relationships, OnQ Financial steers away from just being a “transactional” lender. “Our goal is to develop lifelong relationships,” Page says. “We aim to make the process a smooth and easy experience for the borrower and his/her REALTOR, as well as for the listing agent.” RL

On Memorial Day, we remember the

ultimate sacrifice made by our military to protect and defend the United States of America.

Call North American Title for Your Next Transaction RESEARCH 11044 Research Blvd. Bldg. D, Suite 100 Austin, TX 78759 t: 512.249.0576

NORTH AUSTIN 5608 Parkcrest Drive Suite 150 Austin, TX 78731 t: 512.302.3892

ROUND ROCK 1 Chisholm Trail Suite 3100 Round Rock, TX 78681 t: 512.255.6550

www.facebook.com/Austin.nat www.nat.com/Texas Like Clockwork ®

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©2018 North American Title Group, LLC and its subsidiaries. All Rights Reserved. North American Title Group, LLC and its subsidiaries are not responsible for any errors or omissions, or for the results obtained from the use of this information. North American Title Company and related design and Like Clockwork are registered Service Marks of North American Title Group, LLC or its corporate parent. | TX 18-13181 R 5.1.18


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May 2018 www.myRealtyLine.com

Special Feature By Riki Markowitz

Local builder hangs up his boots, sells assets

Jason Carothers and Steve Klein

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t the end of April, the Klein Companies issued a press release announcing that owner and operator Steve Klein was going to be semi-retiring after running the Texas-based custom home building company for 12 years. While Klein has been contemplating the complexities of retirement for some time, practically out of nowhere all the pieces fell perfectly into place. It was just about a month into 2018 when Klein was approached by three different companies interested in making a deal to acquire Steve Klein Custom Builder assets. After initial confidential talks and due diligence, Klein felt that Carothers Executive Homes was the best fit.

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“Carothers Executive Homes’ culture and commitment to a higher level of personal attention was extremely close to my business philosophy,” says Klein. “Not only is it a terrific fit for my investments, but also, it’s a wonderful continuation for my team members.” It’s almost as if Klein was born to build homes. He recalls that as a kid he was always interested in building and he grew up around and was eventually employed by utility, carpentry, and excavation industries. As a recent high school graduate in 1981, Klein started “swinging a hammer for $4 an hour.” But then the oil bust hit Texas particularly hard and about a year later Klein lost his job operating heavy equipment. So he went back to “swinging a hammer,” but this time, for the homebuilding industry. For the next 39 years, Klein would work on and develop an eclectic range of projects. Most of his more notable achievements were performed under the Steve Klein Custom Builder shingle. Klein luxury homes reside in Georgetown, Leander, Liberty Hill, Round Rock and Victoria. Trademarks of Steven Klein Custom Builder are attention to detail and personal attention paid to each client. To ensure the quality of each home, Klein hand-selected craftsmen and suppliers and was committed to working with the same

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team of reliably talented builders. In mid April, most of Steve Klein Custom Builder assets were officially transferred to the portfolio belonging to Carothers Executive Homes, including a luxury golf course, private ranches, plans for townhomes and mature living communities. Carothers also acquired properties part of the Klein Build on Your Lot program and plans in the affordable, starter-home and move-up markets. Klein didn’t specifically choose this year to sell his assets. In fact, retiring, or in Klein’s case, semi-retiring, from running a homebuilding business can be turbulent and unpredictable. When RealtyLine spoke with Klein, he explained that his peers might find his story awe inspiring, even if the end did come unexpectedly. Scaling down this type of business rarely goes very smoothly, due to what Klein calls “all of the moving parts.” Winding down operations can drag on for years. A builder can’t just disappear on his or her customers, projects need to be built or sold and warranties need to be upheld. Even Klein is not shy to admit that over the years he’s worried how his inevitable retirement would play out. Could he find a buyer for his assets? Would he have to dissolve his team? How far in advance would he begin to scale back on ordinary day-to-day operations? How would he take care of his customers when he’s not working full-time hours? In Jason Carothers, Klein found a peer cut from the same cloth. They ran their businesses and treated customers and employees almost the same way. Carothers, a fourth generation homebuilder, is the perfect partner for this deal, says Klein. “He’s 46 and I’m 58. He wants to expand and I want to downsize.” Carothers Executive Homes, based in Belton, Texas, builds more than 100 homes an-

Putting a Face on Real Estate since 1995.™

nually ($40 MM) and has seven communities — in Temple, Belton, Salado and Georgetown. Acquiring Klein’s holdings will mark Carothers’ introduction into the Liberty Hill and Leander markets. Carothers also has a pretty impressive list of credentials. He is a past president of the Temple Area Builders Association (TABA) and Central Texas Home Builders Association (CTHBA). He was a two-time TABA Builder of the Year winner and also Presidents Award of Excellence recipient. He served two multi-year terms on CTHBA board of directors, plus multiple other posts, including those with the city of Temple and Belton ISD. To grow your business, you have to grow in other areas, too. The deal with Klein allows Carothers to expand his stock, customers and land holdings — literally overnight. It’s only because Carothers is also inheriting the Klein team (and a semi-retired Klein, too) that the Carothers crew will enjoy a calm and orderly transition. For the remainder of 2018, Klein will complete his pre-sold homes and he’ll sell and close his retail spec inventory. He then plans to continue working with Carothers Executive Homes out of his Victoria office, run his Landmark Residential LLC and service his customers. For 40 years, Klein has been working six days a week. He says that he’s “interested in finding a way to slow down,” but is adamant that this is not a retirement celebration. Nonetheless, Klein is very optimistic about this new chapter in his life. No more Saturday and Sunday meetings with customers and missing family events. “Now I have a way to downsize, slow down and devote more time to my children and grandchildren. This is a beautiful ending to a beautiful story.” RL

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May 2018

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household. Those who support eliminating ADU restrictions argue that developing tiny house communities will help ease the area’s affordability crisis, while opponents fear an onslaught of short-term rentals (STR), which is something that supporters agree with as well. On the other hand, there is a population of Austin residents who see STRs as a way to create a new income stream. In the past, zoning laws worked against building ADU communities. In 2015, as more and more people expressed interest in buying tiny homes, the city relaxed certain restrictions. Practically overnight, permit applications increased 34 percent over the previous year. Some of the changes approved by city council included reducing lot size, driveway and parking spot requirements. As RealtyLine goes to press, the Planning Commission is about to announce its recommendations regarding draft three of CodeNEXT. Before autumn, after public hearings, city leaders will vote on the city’s first land development code revisions since 1984. If CodeNEXT passes, even more ADU regulations will be abolished, affecting water submetering and construction permit processes. Starting in June, the first tiny home community in the Austin area will open its gates, allowing potential buyers to view plans for more than 80 micro homes designed by Kasita, an award-winning, Austin-based builder and architectural design company; and Sprout Tiny Homes, a Colorado-based builder. Homes will range from 400-700 square feet. The development, called Constellation ATX, will be located on a two-acre parcel of land on South Manchaca, near the Moontower Saloon. The gated community

will operate like a condo complex with an HOA. There will be a pool, clubhouse, jogging trail, outdoor BBQ, and many other amenities. Residents purchase their micro home and then hold a 99-year lease on the lot. Joe Davis, director of sales, a tiny dwelling specialist, and broker at One Way Realty says, “Our number one mandate was to unlock affordable housing and provide residents a chance to feel pride of ownership.” Marketers have been studying tiny home markets for at least a decade. All indications point to a city like Austin as a model location for micro home housing communities. Developers at Constellation ATX say that Millennials, first-time homebuyers, professional women and empty nesters have already expressed genuine interest in the property. City planners and developers will be watching Constellation ATX closely to see if it’s something that people want. Austin residents will keep their eyes trained on the new community to see if it becomes a haven for STRs (Austin already has strong laws regulating STRs). At the same time, there’s a nationwide trend of building small home communities for the chronically homeless and disabled. Essentially, lots of different groups want to know if the tiny home movement takes root in Austin, will it help alleviate the housing crisis? Can it reduce homelessness? Those who oppose this project — many of who also adamantly oppose CodeNEXT — believe they’re helping to preserve the integrity of Austin neighborhoods. So it will be interesting to check back in a year or so to see if Austin’s first tiny home community for mainstream homebuyers turns out to be a good disruptor, an irritating menace or fits right in. RL

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

Publisher: Doren L. Carver doren@myRealtyLine.com

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

Managing Editor: Naomi Bludworth naomi@myRealtyLine.com

Contributing Editor: Linda McNabb Caroline Carver

Contributing Writers: Riki Markowitz, Katie Agness, Naomi Bludworth

Contributing Photographers: Doren L. Carver, Philip Haustein

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

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

Submission Guidelines: Submit photos, press releases and calendar items to naomi@myrealtyline.com. All photos must be at least 300 dpi and include a caption with first/last name and company affiliation. Press releases must be fewer than 300 words. Non-advertisers submitting calendar items will be charged $25 per submission. All submissions must be received at least seven calendar days prior to ad copy deadlines published at www.myrealtyline.com/blog/advertise.html. Submission items will be included as space allows. Realty Line Austin is published monthly by Caxton Publications, Inc.© as a non-subscription publication for the more than 10,000 members of the Austin Board of REALTORS®(ABoR), the more than 1,500 members of the Williamson County Association of REALTORS® (WCREALTORS) and the Home Builders Association (HBA) of Greater Austin. Realty Line Austin is printed on recycled paper. Realty Line Austin is a proud member of the Austin Board of REALTORS®, the Williamson County Association of REALTORS®, the Home Builders Association (HBA) of Greater Austin and is a honorary member of the Women’s Council of REALTORS. Realty Line Austin is not responsible for opinions or facts expressed by non-staff writers or for errors and any by-products in advertising or editorial copy. REALTOR® is a registered trademark. The word REALTOR® sometimes appears in this publication without the registered trademark symbol (®) for the purpose of saving space. Wherever the word REALTOR® appears in this publication, the registered trademark should be assumed.


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May 2018

Register to win a

$500 GIFT CARD of your choice!

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

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

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Download Photo: RL_040818_H.jpg for FREE at www.myrealtyline.com

Austin Title President Josh Williams thanks Joy Herring of RE/MAX 1 for coming out to see the band and have a good time with his staff and guests at The Belmont for the company's REALTOR mixer.

t e e w e s hom t s u r t e hom Home is where you gather with family and friends and make memories that last a lifetime. Hometrust Mortgage has been helping people buy, refinance and construct homes in the Austin area for 31 years. We offer a full array of home mortgage products and your loan is processed and underwritten locally.

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Catherine Darwin

Tyler Browne

NMLS# 1606718 NMLS# 1531348 cdarwin@hometrust.com tbrowne@hometrust.com

Raquel Frazier

NMLS# 460935 rfazier@hometrust.com

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


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www.myRealtyLine.com

May 2018

Congratulations

2018 MAX AWARDS WINNERS Grand MAX Awards Recipients Volume Builder of the Year Scott Felder Homes

Custom Builder of the Year Arbogast Custom Homes

Remodeler of the Year David Wilkes Builders

Associate of the Year SmartTouch Interactive

Master Planned Community of the Year Santa Rita Ranch Best Product Design Volume Builder

• Best Master Bath – Under $50k: Arbogast Custom Homes

• Best Kitchen Remodel - David Wilkes Builders

• $100,000 – $199,999: Pacesetter Homes

• Best Master Bath – Over $50k: Arbogast Custom Homes

• Best Outdoor Living Remodel - Vogel Builders

• $200,000 – $299,999: Scott Felder Homes

• Best Outdoor Living Space Under $75k: A rbogast Custom Homes

Best Master-Planned Community Awards

• $300,000 – $399,999: Scott Felder Homes • $400,000 – $499,999: Taylor Morrison

• Best Outdoor Living Space Over $75k: Olsen Defendorf Custom Homes

• $500,000 – $599,999: Scott Felder Homes

• Best Specialty Room: Laurel Haven Homes

• $600,000 – $699,999: Ash Creek Homes

• Best One-of-a-Kind Home: Olsen Defendorf Custom Homes

• Best Unique Feature for a Community - Headwaters

• Best Townhome or Condo: Legacy MCS

• Best Clubhouse for a Community - Headwaters

Best Custom Home Product Design

• Best Lifestyle for a Community - Santa Rita Ranch • Best Design for a Community - Headwaters

• Best New Community - Whisper Valley

• $250,000 – $499,999: Barron Custom Design

Best Interior Merchandising for a Model Home

• $500,000 – $749,999: Zach Savage Custom Homes

• Best Poolscape for a Community - Rough Hollow Lakeway

• $200,000 - $299,000 - Scott Felder Homes

• $750,000 – $999,999: Arbogast Custom Homes

• Best Poolscape - Cody Pools

• $300,000 - $399,999 - Scott Felder Homes

• $1,000,000 – $1,499,999: Arbogast Custom Homes

• $400,000 - $499,999 - Scott Felder Homes

Individual Achievment Awards

• $1,500,000 – $1,999,999: Metropolitan Custom Homes

• $500,000 - $599,999 - Scott Felder Homes

• $2,000,000 – $2,499,999: Laurel Haven Homes

• $600,000 - $699,999 - Westin Homes

• On-Site Sales Person of the Year Garrett Luther, Pacesetter Homes

• Over $2,500,000: Jauregui Architecture Interiors Construction

• Over $1 Million - Hill Country Artisan Homes

• Sales Person of the Year - Loren Dickey, Rough Hollow Lakeway

• Best Urban Infill Project of the Year: Riverside Homes, LLC

• Parade of Homes or Showcase Home - Arbogast Custom Homes

• Rookie On-Site Sales Person of the Year Tina Stone, Pacesetter Homes

• Best Kitchen – Under $75,000: Arbogast Custom Homes

Best Remodeled Projects

• Online Sales Person of the Year, Ali Wasilko, Scott Felder Homes

• Best Kitchen – Over $75,000: Rivendale Homes

• Best Remodeled Project - Vogel Builders

• Realtor of the Year - Blake Taylor, Blake Taylor Real Estate

• Best Custom Spec: Jauregui Architecture Interiors Construction

For a Full List of Winners: visit www.HBAAustin.com

The MAX Awards is presented by the Home Builders Association (HBA) of Greater Austin, which is made up of more than 600 home building industry firms. Since 1953, the Home Builders Association (HBA) of Greater Austin has served as the leading not-for-profit trade organization dedicated to residential construction and remodeling in Central Texas. The HBA works with government, public, business and community organizations in six counties – Bastrop, Caldwell, Hays, Lee, Travis and Williamson. The HBA of Greater Austin works to advance the practice and professionalism of the home building industry in our community. For more information, visit www.hbaaustin.com.

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AWARD WINNER Rough Hollow takes homes the big prize for Best Poolscape for a community at the Home Builders Association of Greater Austin's 2018 MAX Awards. A big Realty Line congrats to the team!

Download Photo: RL_051618_CP.jpg for FREE at www.myrealtyline.com

As if this M/I Homes model home in Wolf Ranch isn't eye candy enough, Sharon Red, Gloria Walls, and Elizabeth Elz, all of Coldwell Banker United, REALTORS, and M/I Homes' Mitch Larkin head over to "The Den" - Wolf Ranch's new amenity center. M/I Homes offers homes in this community from the $270s. Download Photo: RL_051218_D.jpg for FREE at www.myrealtyline.com

Carothers Executive Homes is now in Morningstar where you can stop by and meet Jared Bryan, Amanda Bixler, Adrian Garcia and Chris Dodd. RL caught up with them at the WCREALTORS All Star Builders Fair at the Dell Diamond.

Download Photo: RL_051518_A.jpg for FREE at www.myrealtyline.com

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At Belterra, outside possibilities are a sure thing.

Roxanne Ford of Austin Title welcomes Rod Morgan of Landmark Properties to the fun REALTOR mixer the title company hosted at The Belmont that featured live music from Suede and perfect weather.

Explore miles of hike and bike trails

New Amenities, Schools and Models

Neighborhoods from the $300s - $800s

Brookfield Residential I Drees Custom Homes I Highland Homes I Scott Felder Homes Sitterle Homes I Toll Brothers I Trendmaker Homes I Wilshire Homes

469.513.5600 I belterratexas.com


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www.myRealtyLine.com

May 2018

Upcoming Events & Education Networking & Other Events

Monthly Association Meetings

Wednesday, May 23 & 24 Don Hobbs Presents: Mega Agent Secrets for Dominating Your Market Commons Learning Centers

Tuesday, May 15 CTAMP: Taxes and Crashes Great Hills Country Club, 11:30 a.m. to 1 p.m.

Wednesday, May 23 ABoR: Affiliate Happy Hour ABoR Headquarters, 5:30 to 7:30 p.m. Tuesday, May 29 NAHREP Austin: The Millionaire Mindset and the Path to Wealth Canyon View Event Center, 12:30 p.m. Thursday, May 31 Platinum Top 50 REALTORS: Farewell Fashion Show Hotel Granduca, 2 to 4 p.m. Thursday, May 31 HBA Greater Austin: Speed Networking with Builders Phillips Event Center, 10 a.m. to 4 p.m. Friday, June 8 HBA Greater Austin & HomeAid Austin: Mighty Ground Film Screening & Fundraiser AFS Cinema, 6:30 to 9:30 p.m. Friday, June 8 HBA Greater Austin & HomeAid Austin: Mighty Ground Film Screening & Fundraiser AFS Cinema, 6:30 to 9:30 p.m.

Wednesday, June 6 AMBA: Monthly Meeting Austin Country Club, 11:30 a.m. to 1 p.m.

Continuing Education Classes Thursday, May 17 The Real Estate Business School: Buyers Agent Austin Institute of Real Estate, 8:30 a.m. to 5 p.m. Thursday, May 17 The Real Estate Business School: Principles II Austin Institute of Real Estate, 8:30 a.m. to 5 p.m. Wednesday, May 23 Realty Texas: Effective Networking Online with Schmooze Networking Realty Texas, 11 a.m. to 12 p.m. (lunch after) Wednesday, May 23 Stewart Title: How to Create a Comprehensive CMA in Matrix Stewart Title North Austin, 11:30 a.m. to 2:30 p.m. Wednesday, June 2 Independence Title: Legal Update I Update Independence Title Round Rock, 10 a.m. to 2:30 p.m. Monday, June 4 - 6 Champions School of Real Estate: Performance Management Network Designation Champions School of Real Estate, 8:30 a.m. to 5 p.m. Thursday, June 7 - 8 Champions School of Real Estate: Strategies for Career Excellence Champions School of Real Estate, 8:30 a.m.

Commitment to 5-Star Service We put an emphasis on delivering an unparalleled experience for all of our clients, and it shows with hundreds of positive ratings on Facebook. Contact your local Sente Loan Officer at www.SenteMortgage.com

Wednesday, June 13 Independence Title: Legal Update I Update Independence Title Arboretum, 10 a.m. to 2:30 p.m. Wednesday, June 13 Supreme Lending: Probate & Intestacy Supreme Lending office, 11 a.m. to 12 p.m. Wednesday, June 27 Supreme Lending: zipForm Plus Stewart Title North Austin, 11:30 a.m. to 2:30 p.m. (lunch provided)

Sente Mortgage NMLS #132111 Monday-Friday 8:30-5:30pm Office: 512.637.9900 901 S Mopac, Bldg. IV Suite 125 Austin, Texas 78746

See details for each event / class and much more at myRealtyLine.com

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Ta-da! Classic Realty is open for business! New owner/broker Lorrie Westberry, center, celebrated with friends and colleagues during a special grand opening and ribbon cutting of the new brokerage in Round Rock where over two dozen top producing agents have already signed on.

Download Photo: RL_050518_G.jpg for FREE at www.myrealtyline.com

AWARD WINNER Jerry Berry Mostyn, Tammy Gardner, Ginger Carnright, Karen McGrath, Laura Papoyan, Molly Avila, Renee Livsey and Andrew Constancio are honored at the Headliners Club, where JB Goodwin REALTORS celebrated its Williamson County Top Producers at its First Quarter Awards ceremony. Download Photo: RL_051418_D.jpg for FREE at www.myrealtyline.com

While at the WCREALTORS All Star Builders Fair, Kandis Rushing of Crescent Communities shows Constance Ashford of Coldwell Banker United, REALTORS all that Bryson has to offer. The community is located just north of San Gabriel Parkway where the 183A toll road ends, is a short drive to 1890 Ranch in Cedar Park and minutes from area job opportunities.

Submitted Photo

SYNERGY ONE LENDING

SAYS WELCOME TO JEFF TENNEY NMLS ID 998737

LOAN OFFICER AUSTIN, TEXAS

WE ARE PROUD TO HAVE HIM ABOARD! Contact Jeff today to find out how he can help you.

512.517.7941 or jtenney@s1lending.com Synergy One Lending Synergy One Lending Inc. NMLS 1025894. 3131 Camino Del Rio N 190, San Diego, CA 92108. Texas Mortgage Banker Registration 1025894.


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AWARD WINNER

Download Photo: RL_051618_CV.jpg for FREE at www.myrealtyline.com

Scott Felder Homes celebrates after being named the Home Builders Association's (HBA) 2018 MAX Award for Volume Builder of the Year at the organization's annual MAX Awards Gala.

www.myRealtyLine.com

May 2018

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AWARD WINNER

Byron "Buddy" Schilling congratulates Gay Puckett on her success in the first quarter of 2018. JB Goodwin REALTORS takes the time to recognize its top producing agents each quarter at a special awards ceremony.

Submitted Photo

These starstruck REALTORS get to meet the person behind the "chat now" box on the M/I Homes website at the WCREALTORS All Star Builder Fair. Adrienne Morrison, second from left, of M/I Homes is always available to answer your questions! With Adrienne were Dagmar Mixon of Coldwell Banker United, REALTORS, Alisha Austin of Homes in Heels Realty, Lynda Parker of Austin Options Realty and Trisha Winkelmann of Farrington Realty.

Download Photo: RL_051518_E.jpg for FREE at www.myrealtyline.com Download Photo: RL_051418_I.jpg for FREE at www.myrealtyline.com

Where's the bar? Rudy Reyes of All City Real Estate and Jim Barringer of Austin Title need a refill at the Austin Title REALTOR mixer featuring live music from Suede.

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May 2018

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Cool music, cool breeze and cool people make it a great time at the Austin Title REALTOR Mixer at The Belmont with live music from Austin favorite Suede. Kristin Carroll of Sente Mortgage, Cheryl Scully of Austin Title and Sheri Brummett of Coldwell Banker United REALTORS had a few laughs together before the band got started.

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AWARD WINNER

Santa Rita Ranch celebrates big after being announced Master Planned Community of the Year at the HBA's 2018 MAX Awards Gala at the JW Marriott.

3 4 5

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Challenge accepted! Amy Kobza, left, and Christy Gessler, right, both of Freedom 512 Real Estate Group, get the scoop from Lyn Richardson on the Highland Homes Pop That Prize REALTOR program.

Receive a 3% commission on your first closing.

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

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

Download Photo: RL_051618_CY.jpg for FREE at www.myrealtyline.com

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

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

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

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


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17 AVAILABLE HOMES FOR MOVE-IN AND 6 MODEL HOMES TO TOUR!

austin

Putting a Face on Real Estate since 1995.™

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Putting a Face on Real Estate since 1995

Real Estate News & Notes New broker adds five agents to team since grand opening in March Since taking over Classic Realty in January, broker/owner Lorrie Westberry has focused on bringing more valuable talent to the community by adding service-minded agents to her team. So far, 29 agents have made the move to Classic Realty. The newest agents to join include Cesar Soliz with six years of real estate sales experience; Morgan Martens, who has prior experience as a builder’s representative; Cheryl Freeman, who focuses on using her experience as an artist and art teacher to grow her clientele; Jonathan Stephens, who moved from Georgia bringing his eclectic flare; and Karen Fabac (not pictured) who touts she is the expert in the neighborhood where she was raised. Although one agent shy of her goal

Receive a $5,000 credit toward the purchase of a new home for members of the Armed Forces and Law Enforcement as well as Firefighters, Educators, and Healthcare Professionals.* 29

LiveAtBryson.com

Cheryl Freeman

Jonathan Stephens

Submission Guidelines Submit photos,

AN REAG ALD RON

homes from the $250s to $500s Brookfield Residential • Chesmar Homes Drees Custom Homes • Lennar Homes Perry Homes • Scott Felder Homes

Cesar Soliz

for the quarter, Westberry is pleased with the growth of Classic Realty and the quality of the agents in the brokerage. Each agent brings a wealth of knowledge and a unique perspective to the fast-growing team. By providing high splits and full broker support, Classic Realty has created a comfortable balance between the big corporate control office model and the 100% no broker support model. Its virtual operating model affords Classic Realty the ability to have agents covering all areas of Central Texas; from central Austin to the suburbs, Lake Travis to Bastrop, Kyle/Buda to Leander/ Liberty Hill and all areas around and in between. For more information, visit myclassicrealty.com or call 512-820-7630. RL

SAN GABRIEL PKWY.

press releases and calendar items to naomi@myrealtyline.

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com. All photos must be at least 300 dpi and include a

LEANDER

*Visit BrysonHeroes.com for complete details.

caption with first/last name, company affiliation and a Morgan Martens

short description. Press releases must be fewer than 300 words. Submission items will be included as space allows.

Advertise in RealtyLine... Call Emily Vaughn at (512) 418-1800

Would you like us to cover your event? Email us at naomi@ myrealtyline.com to check availability.

MORE THAN JUST YOUR AVERAGE LENDER Value added services for our valued referral partners MARKETING & DESIGN

EVENTS & PARTNERSHIPS

INDUSTRY EDUCATION & BETTERMENT

• In-house marketing team who can provide custom, co-branded marketing material • Print & digital media material • Marketing/social media, support and education

• Provide networking and relationship-building opportunities • Partnering with philanthropic entities • Sponsoring industry-related events

• TREC MCE Hours • Hosting educational seminars, lunch & learns and sponsored events • Topics include: loan process, personal growth, leadership, sales, budgeting, social media & more!

Before we originate the mortgage, you have to sell a home. How can we help YOU sell more homes? VISIT ONE OF OUR CONVENIENT AUSTIN AREA LOCATIONS TODAY NORTH: 10801 N. Mo-pac Expressway, Bldg. 2 | Suite 140 Austin, TX 78759

LENDER

NMLS#278675

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

www.legacymutual.com


Putting a Face on Real Estate since 1995.â„¢

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Putting a Face on Real Estate since 1995

Jon Roseberry

www.myRealtyLine.com

Katie Deason

May 2018

Audra Vasek

Sales Executive Mobile: (512) 900-0840 Jon.Roseberry@TexasNationalTitle.com

Escrow Officer TNT Cedar Park Office: (512) 337-0300 Katie.Deason@TexasNationalTitle.com

Sales Executive Mobile: (512) 540-2025 Audra.Vasek@TexasNationalTitle.com

Alicia Wehr

Angel Davila

Robyn Erwin

Escrow Officer TNT Georgetown Office: (512) 688-5630 Alicia.Wehr@TexasNationalTitle.com

Escrow Officer TNT Round Rock Office: (512) 337-0900 Angel.Davila@TexasNationalTitle.com

Escrow Officer TNT Lakeway Office: (512) 337-0800 Robyn.Erwin@TexasNationalTitle.com

www.TexasNationalTitle.com

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May 2018 www.myRealtyLine.com

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Putting a Face on Real Estate since 1995

Putting a Face on Real Estate since 1995.â„¢

Realty Line May 2018 Issue  

Putting a Face on Real Estate since 1995. The May 2018 issue focuses on Tiny Homes.

Realty Line May 2018 Issue  

Putting a Face on Real Estate since 1995. The May 2018 issue focuses on Tiny Homes.