Showing posts with label Bob Kenney Realtor®. Show all posts
Showing posts with label Bob Kenney Realtor®. Show all posts

Tuesday, February 18, 2014

FI Austin - Circuit of The Aamericas

I have talked about this amazing venue recently and I wanted to share some additional photos of the tract with you.

 Some photos of track and the crowds. never having been to an F1 race I do not have much to compare to except I know there was never a point in the day I did not know what was going on in the race!
 source: http://en.wikipedia.org/wiki/Circuit_of_the_Americas

Observation Tower

Circuit of the Americas features a 251 feet (77 m) observation tower designed by MirĂ³ Rivera Architects and built by Patriot Erectors as a landmark for the venue. The structure of the tower consists of an elevator hoist-way surrounded by a double-helix staircase of 419 stairs, both of which lead to an observation platform 230 feet (70 m) above ground level. The platform provides a 360-degree panorama of the circuit, as well as views to downtown Austin, Texas. The observation platform, which is accessible to the public for an admission fee, can accommodate up to 70 visitors and features glass railings and a partial glass floor.[30] In addition, a "veil" consisting of 18 bright red steel tubes runs nearly the full height of the tower, acting as a canopy for both the observation platform and the stage below. The design of the observation tower was inspired by the visual imagery of sports cars and movement, and the red color was selected to mimic the streaks of lights trailing racecars at night




 During a break the track runs races with various types of cars besides FI cars. Gives the audience a lot to watch and the drivers and vehicles a much needed break in the action.


All photos: Courtesy of Bob Kenney

 
 
 
Ever wonder what it sounds like at an F! event - Here is a quick video from stands at Turn 12
 
 

 
 
 

Saturday, February 15, 2014

Texas swimming holes - A fun and amazing tradition in the Texas Hill country

 Huck Finn? Yep a lot of kids in Texas have memories of finding natural springs, water falls and swimming holes. Blue Hole in Wimberley is an amazing find for anyone looking to jump into cold natural river from one of a couple rope swings or just float in tube and watch the fun.

The City of Wimberley and the group Friends of  Blue hole http://www.friendsofbluehole.org/ have done an amazing job creating a fantastic experience to all visitor's to a great example of a Texas swimming hole!
Photos courtesy of : Bob Kenney

The Blue Hole in Wimberley, Texas: A Central Texas Treasure
Source: http://visitwimberley.com/articles/blueHole.shtml
A naturally beautiful area worth preserving.
Blue Hole is one of the best loved natural swimming holes in Texas. Located in Wimberley, it is surrounded by 126 acres of natural forests and native grass fields that have so far escaped the developers' touch. Now, thanks to many dedicated volunteers, and with good stewardship, chances are good that the natural beauty of the Blue Hole will be preserved for many years to come.

A unique spot almost hidden in the center of Wimberley, the Blue Hole is lined by old growth cypress trees that have survived floods, milling, and settlers' needs for building materials. The Blue Hole property possesses what is now becoming a much more rare ecosystem and supports many species of birds, reptiles, insects, amphibians, and mammals. Native grasses, wildflowers and groves of varieties of central Texas trees and shrubs are decoratively combined with rocky outcrops, creating a scenic and special environment.

The Blue Hole property was owned by the John R. Dobie family from 1897. In the 1920s, it became a popular spot for swimmers and picnickers when the Dobie family opened the Blue Hole to the public. Blue Hole was sold to a private Austin partnership group who allowed limited swimming and camping access to the property.

Since Blue Hole is so centrally located, offers so many unique features, and is so closely tied to Wimberley's history, the Village of Wimberley municipal government entered into an option agreement in 2003 to acquire the 126 acre tract along Cypress Creek for public use and parkland. In May 2005 the Village completed the land acquisition portion of the Blue Hole project with grants and donations from Texas Parks and Wildlife, Hays County, the Lower Colorado River Authority, The Trust for Public Land, and numerous individuals.

Photos courtesy of : Bob Kenney
Photos courtesy of : Bob Kenney

Thursday, February 13, 2014

About Reilly Realtors, Austin TX

Source: http://www.austinhomelistings.com/about-reilly-realtors.php

The Experts in Austin Real Estate 

Founded in 2005, Reilly Realtors is a full service, Austin based real estate brokerage made up of expert agents who have demonstrated a commitment to outstanding customer service, personal integrity and sales success.

Our Clients Come First

At Reilly Realtors, we promise to put you first. Whether you're buying or selling a home, you can trust our expert agents to listen, work hard and focus on helping you achieve your real estate goals. We hire only experienced agents who are committed to placing their client's best interests above their own.

A Full Service Real Estate Company

office-02-sm_230
Located in the west Austin area known as Bee Cave, in the beautiful Hill Country Galleria, our team of experienced agents serve buyers and sellers all over Austin and the surrounding areas. From East Austin to Lakeway, up to Round Rock and down to Buda, or right in middle of Central Austin and downtown, we've got you covered. When you are buying a home or selling a home, Reilly Realtors offers full service real estate solutions backed by 42 full-time, experienced agents dedicated to helping our clients achieve their real estate goals.
Buying a Home: Our expert buyer agents can help you find the perfect property, negotiate the best deal and oversee a smooth closing. We've successfully represented thousands of buyers all over the Austin area in every price range. Whether it's a starter home in a new suburban community or luxury estate on the lake, we have the local knowledge and experience to help you succeed.
Selling a Home: Our expert listing agents combine innovative internet marketing tools with timeless sales skills to help you sell your property quickly and for the highest possible price. With today's buyers doing their own online home searches, we employ best in class internet marketing techniques to ensure your property is found online and generates the highest turnout of potential buyers.

Reilly Realtors: Our History

first-austinhomelistings-site_305When Michael and Shae Reilly started their own real estate brokerage in 2006, their vision was to create a company that provided unparalleled service to their clients. As part of that effort, Michael and Shae created one of Austin's first easy to use, map based Austin home search tools at AustinHomeListings.com. Along with the new map search, the original site also offered one of the first comprehensive reviews of all Austin areas and neighborhoods, known as the Austin Neighborhood Guide. The original site was one of the first local real estate websites designed to truly empower a consumer's online home search. In fact, early clients loved the powerful new site so much that they shared it with friends and family, causing the site, and the business, to take off in a way that Michael and Shae could have never imagined.
Within a very short time, hundreds of new users were visiting AustinHomeListings.com every day. The immediate popularity and interest in the new website produced so many leads that it propelled Michael Reilly, who had been an agent since 2002, to immediately join the elite ranks of agents who sell more than $15 million each year.  "It was a very exciting time and incredible way to start a new business - to be blessed with so many opportunities right out of the gate," said Michael Reilly.  Since that time, Michael has continued to perform as a top agent with over $100 million in career sales.
As website visits continued to grow, Michael saw the need to add additional agents to help with the amazing overflow in leads, but he was wary of growth at the expense of great service.

Michael's goal was to find only experienced agents who would maintain the professionalism and integrity that Michael set out to achieve from the beginning. "We interviewed a lot of agents to find high quality professionals, and to this day, we still maintain one of the highest bars in the business as we evaluate candidates to join our firm," commented Shae Reilly.

Today, Reilly Realtors is made of 40+ top producing agents and 3 full-time employees and our website is still one of the top destinations online for searching homes and information about the Austin area. We make continual investments in training, technology and tools that help our agents better serve our clients and achieve success. We are fortunate to serve clients in a town that rewards our commitment to customer service. While we continue to grow, the vision for Reilly Realtors and AustinHomeListings.com is - and will remain - a steadfast focus on providing unparalleled service to our clients.



Wednesday, February 12, 2014

Did you know that Austin has a light rail service called MetroRail? or as some may call it Kiss and Ride!

Austin's Metrorail service (Kiss and Ride)  connects some of it's northern and western neighborhoods with downtown. This is the 1st of many proposed lines that conceptually will tie in many of Austin's neighborhoods into a convenient Metrorail or light rail service that will help ease congestion on our roadways and make for safe convenient travel for Austin commuters.

MetroRail

MetroRail offers comfortable and reliable passenger service Monday through Friday between the City of Leander and downtown Austin, and from Lakeline to downtown on Saturday. We have nine convenient stations and three Park & Ride facilities, in addition to many MetroBus coordinated routes to make taking the train fun and easy! Whether you're commuting to work, heading to school, seeing the sights or just out for a night on the town, MetroRail can take you there.
Check the MetroRail schedules or plan a trip today.
MetroRail no longer operates with zoned fares. Find out more on fares and passes.
Rail Station Stick Map

Source: http://www.capmetro.org/metrorail.aspx?id=53



 Want to find out what is going on in Austin real estate market? give me a call and I will be glad to discuss particular areas with you and let you know the beat of the market place.

12 years experience representing buyers and sellers of Real estate in the Austin area.
 Photos: Bob Kenney


Robert Kenney, Realtor

®  Mobile/Text: 512-922-4922

Reilly Realtors

13500 Galleria Circle, Suite U-115

Austin, TX 78738



Monday, February 10, 2014

Top Austin Agent Joins Reilly Realtors

 

Posted by Michael Reilly on Monday, February 10th, 2014 at 8:20am.


Reilly Realtors agent Robert Kenney http://www.austinhomelistings.com/agents/robert-kenney/
We at Reilly Realtors would like to welcome Robert Kenney to our team of expert agents. Bob comes to Reilly Realtors with 12 years of experience as a Realtor and over $5 million in sales in 2013. He has consistently established himself as one of Austin’s top producers thanks to his diverse portfolio of not only real estate experience, but marketing, website development and management as well. Prior to his success in real estate, Bob was the principal in a textile commodity business, where he gained experience working with national as well as international clients from regions such as Europe, South America, Africa and Australia. Bob not only brings his in-depth knowledge of the real estate market with him to Reilly Realtors, but over five years of corporate relocation experience, as well. Having made a successful transfer to Austin himself 16 years ago, Bob knows what clients are looking for when they make the move to the Texas capital. Bob’s expertise isn’t just limited to relocation, but extends to all aspects of real estate and knowledge of the Austin area.

We're also excited to announce that Bob has been nominated for the Austin Business Journal’s 2014 Residential Real Estate Awards! These awards honor the top 50 residential real estate agents as well as master-planned communities and builders for custom, production and green homes. Bob was nominated as one of the top licensed agents in the Austin area with no licensed assistants. Nominees will be honored with a lunch and awards presentation at the Sheraton Hotel in downtown Austin on Thursday, March 6th. This is not the first time Bob has been honored as a top agent in the Austin area. He was also a finalist for the Platinum Top 50 Realtors Awards Program in 2011, 2012 and 2013, which recognizes achievements in sales, civic leadership and education. When he's not working hard for his clients, Bob enjoys spending time with his wife and two kids, which often involves coaching youth sports teams. He is also very active in the Austin community with Mobile Loaves and Fishes, a charity that provides food and other goods to the Austin homeless.

Bob’s addition to the Reilly Realtors team makes us more confident than ever that we have all the experience and tools to help our clients reach their real estate goals. We now have over 40 top-producing agents that specialize in all areas of Austin real estate and focus on providing the best service to their clients. Bringing in top agents like Bob Kenney is just one of the exciting plans unfolding for Reilly Realtors in 2014. After bringing in about $120,000,000 in residential sales in 2013, we are focused on continuing to develop the best products and services to help our agents better serve their clients in 2014. You can look forward to many exciting changes to our easy-to-use search tools as well as other aspects of our popular website. If you’re interested in working with Robert Kenney or any of our other top agents, please contact us today.

Salt Lick BBQ - Drift wood/Austin Texas - If you come to Austin you really should plan time to have a meal here..

 
 
 
 
Photos: Bob Kenney, Realtor
 
®
 
Just after the Civil War in 1867, the Roberts family loaded their possessions onto a wagon and set out from Biloxi, Mississippi, eventually settling in Driftwood, Texas. On the trip, they barbequed meat by searing it and then slow-cooking it over coals on a pit made with rocks. An earthen berm was created to block the wind and hold in the smoke. Those original family recipes from the Southeast are the basis for what we do now.

Over the years, the recipes were “Texafied” taking on the local flavors of the land – like chili, cumin and cayenne. In 1967, one hundred years after the Roberts family settled in Driftwood, Thurman Roberts cleared an area on the family’s land and built a barbeque pit. The limestone used to make the pit was quarried from the land. (That pit is still in use today.) He would start cooking on Thursday night, sleep on a cot next to the pit, and sell the meat until it was all gone.

From those small beginnings, we now seat over 800 people and on an average Saturday we feed around 2000 people.
 
 
 

 

 I have lived in Austin for 14 years. This is hands down one of the best places to go with family and friends. The addition of a wine tasting room that show cases Texas wines just adds to the uniqueness of the experience as you drive through the beautiful Hill country.

This area is halfway between Austin and Wimberley and the food is fantastic.  Cash only policy so bring your $$$ (They do have ATM's)
 It is OK to BYOB here. If you go with a group make sure you have designated driver! Sundays you can get their amazing baby back ribs one order is easily split for 2.  everything else is served family style so really brings together your group.. There is usually live music to help spend the time waiting for a table.
 These photos are from the grounds and entrance to the salt Lick. when I 1st started going there you had to know where to turn into the dirt parking lot of you would go right by. Lots of changes over the years to the facilities. The food remains an amazing experience and treat that can be enjoyed as many times as you make the trip!

If you are looking for real estate in the area there are several convenient areas to choose from. From Equestrian estates to vineyards to amazing communities. Do not hesitate to call me for a tour of the area.. and maybe a bite of BBQ you will not soon forget!


Sunday, February 9, 2014

Fun facts about Austin Texas.

 
 
On your first visit to down town Austin you might have to walk around this statue on Austin's Congress avenue. Unless you know the story you are left to wonder: what's up?

Here is a brief version of the story courtesy of: Humanities Texashttp://www.humanitiestexas.org/programs/tx-originals/list/angelina-eberly

 

Angelina Eberly

July 2, 1798– 

August 15, 1860

On Austin’s Congress Avenue stands a striking bronze sculpture of a woman firing a Howitzer cannon. That woman is Angelina Eberly, the heroine of the little-known, but distinctly Texan, Archive War of 1842.

Eberly was born in Tennessee in 1798 and came to Texas as a young woman. By 1839 she was widowed and running a boarding house in Austin. That year, the Texas Congress moved the Republic’s capital from Houston to Austin.

President Sam Houston, however, wanted to keep the capital in the city that bore his name. So when an invading army from Mexico reached San Antonio in 1842, ole Sam took advantage of the alarm to secretly order that government archives be transferred from Austin back to Houston, effectively moving the seat of government.

But as the boxes of land titles and other documents were being stealthily loaded onto wagons, Eberly spotted the activity. She made her way to an armed cannon to defend the city. She fired it, alerting the citizens of Austin. The archive conspirators bolted, but were caught less than twenty miles outside of town, and the vital documents were reclaimed.

The archives remained in Austin, and Austin remained the capital of the Republic—and subsequently of the state, when Texas joined the United States three years later. Eberly died in Indianola in 1860. Her gravesite is lost, but her likeness still stands guard over the streets of Austin.
 
 
 
 
 
 
 

Enjoy your visit. There are a lot of facts about Austin and the surrounding hill country that amazes even the "Local" population.

Please feel free to contact me if you have any questions or need to find a home in the Austin area!

Regards
Bob Kenney, Realtor

Mobil/Text:  512-922-4922





Saturday, February 8, 2014

I have several inquiries about where the cities of Rollingwood and Westlake Hills are in relation to down town Austin. Just Minutes!!


The City of Westlake Hills, http://www.westlakehills.org/ was founded and incorporated as a village on September 9, 1953.

The city today is comprised of 2,560 acres (four square miles) with approximately 40 miles of public streets.

source: http://www.westlakechamber.com/pages/Home/


ROLLINGWOOD, TEXAS. http://www.cityofrollingwood.com/  Rollingwood is near Loop 1 south of Austin in southwestern Travis County. It was founded and developed by George B. Hatley in 1955 and by May 1963 the community incorporated as a municipality with a mayor-council form of government.

Source: http://www.tshaonline.org/handbook/online/articles/hjr12

Both of these towns are unique in the Metro area because they are incorporated municipalities and have their own form of government and law enforcement. They share some services such as public schools participating in the Eanes ISD and cooperate with emergency services and Zip Code.

The physical boundary separating these towns from Austin downtown and it's urban neighborhoods is Lady Bird Lake (formerly town lake). Adjacent to the multi functional Zilker Park, https://www.austintexas.gov/department/zilker-metropolitan-park  and the Zikler botanical gardens, http://www.zilkergarden.org/ . These towns are highly sought after locations for their ease convenience of commutes, community involvement, access to recreation areas and LOCATION.

when I 1st moved to Austin I ended up in "Austin City Limits" but it was across from Rollingwood, http://www.cityofrollingwood.com/ on 2244 (Bee cave Road) It was an amazing place to begin in this great city. 10 min to downtown, 20 min to airport, schools, shopping, parks all w/in minutes.

Today there is a lot of renovation and newer homes being built after tearing down older smaller homes in  the communities that sprang up in this area in the 1970's/1980's. The demand for new homeowners and the lack of large land left for residential development means that real estate prices in this area have seen a significant appreciation over the last 10 years.

If you are thinking about moving to Austin and would like more information about this area or any area of Central Texas please contact me and I will be glad to assist. I have experience in listing and representing buyers in this area for over 12 Years.

look forward to hearing from you.

Bob Kenney,
Realtor
® 
Mobile/Text : 512-922-4922

Tuesday, February 4, 2014

I am not sure the home in Houston is the right home for us. We are supposed to sign contract tomorrow. What do I do?


Hi Eva,

Not sure of the whole story but in Texas you have most likely negotiated a Termination option on page 8, section 23 of your contract. This option gives you the UNRESTRICTED right to terminate the contract by giving written notice with in the # of days negotiated after the effective date.

So you you and your partner go under contract and you decide you don’t like something about the home you can terminate the contract and let the seller keep the $$$ you paid for the option. This includes anything from structural to cosmetics to just the way the sky looks in the evening. You do not need an excuse.

Talk with your real estate agent, Realtor® but this option period is on every contract for resale homes in state of Texas. New home contracts are different but talk with the sales rep at if new home and make sure you get in writing any option period they provide after signing an intent to purchase. It is not always called the same thing but most builders do have a period of time after signing that they will release you from your obligation.

I hope it all works out for you in the end. I know it can be a stressful process but every real estate search has a situation behind it that started the process and sometimes it is good to go back and remember that reason and see if the goals are being met with each decision that is made.

Let me know if I can assist any further. Please feel free to call or text : 512-922-4922

Bob Kenney, Realtor®

Reilly Realtors




Monday, February 3, 2014

HELP! My husband and I have our home under contract to close in March. How do we calculate our property tax obligation?


Hi Sue,

Hopefully your title company or closing attorney will verify this for you. I suggest you contact them 1st thing in the morning.

To calculate your property tax obligation. Take the appraised value in the last tax year (2013) divide the number by 365 then multiply by the number of days in the year you own the home for example with a closing of March 17, 2014:


Taxes based on tax authority appraisal value : $10,000

$10,000/365 = $27.40 daily tax rate

$27.40 * 76 Days (include the closing day) = $2082.40

So this is the amount you will credit buyers at closing so that when the taxes are due the 3 of days you owned the home in 2014 is taken into account. Most closings will also have a document that both buyer and seller sign that is basically an outside agreement that if there is an underpayment of taxes at closing the sellers agree to reimburse the difference to the buyers. Same if there is an overpayment of taxes at closing the buyers will refund the sellers.

In order to make this happen both buyer and seller are responsible for contacting the other party with an accounting of actual taxes based on new tax appraisals since most taxing authorities do not typically set tax rates until fall time frame.

I hope this information helps you in your planning. If you have any other questions or need assistance in a referral for Realtor® services for your next home please contact me!

Kind Regards,

Bob Kenney, Realtor®

Reilly Realtors


Mobile/Text : 512-922-4922

Saturday, February 1, 2014

What does a Real Estate agent do once a home gets listed? I have an agent selling my home and I don’t hear from her on a regular basis. This is the first time I have sold a home.

Hi Anna,

While I don’t know the particulars of your situation I can give you a brief descriptions of all the things going on behind the scenes of getting a home ready for listing.

Weeks before a listing there is an initial walk through of the home by you and your Realtor®. This would give your real estate agent the opportunity to familiarize themselves with your property, take notes for the listing information (types of appliances, gas or electric services, counter top type, general condition etc,) Your agent will also use this opportunity to get an idea about general condition of homes and how it compares to other homes either active on market or recently sold in the area. This will help them prepare the CMA (comparative market analysis) that they will present and go over with you as a guide to pricing your home for the market.

Also at that time you should be discussing what you, homeowner, may want to do to get the home in showing condition. This is sometimes a touchy subject with homeowners because we (home owners in general) are proud of our homes, as we should be. In the vast majority of cases homes are where we live. Depending on family makeup day to day living is not as it is always portrayed on TV shows and in movies.

On any given day I know exactly what someone walking into my home may face. Kids cloths in strange places, dishes in places that no one remembers eating at, things stuffed into couch pillows, napkins that the dog got a hold of and has torn apart. As you all know the list can go on and on. This is what a welled live in home sees every day.

Now comes time for listing a home. If your real estate agent does not have the knack they may bring in a professional “stagger” to assist. The idea is simple make the homes first impression to prospective buyers pop. They might suggest removing “Clutter” from a room This is a catch all phrase – Too many pieces of furniture that may be cluttering a room to the 50 nick knacks on the book cases that hold personal value and memories to you and your family. Every room in a typical home has clutter typically so don’t be offended with these suggestions and by all means every suggestion does not have to be acted on.

You have always heard “remove all personal photos”. In some homes there are walls of family photos from years of traveling and events. These photos are meant to remind the homeowner of all of these wonderful times but to a prospective buyer coming through the home they are a distraction. You don’t want them concentrating on your vacations because then they are not going to remember the home. This is my opinion why your photos need to be removed and stored for your next home. Yikes once you take down the photos you may have faded walls where the photos are, would suggest a quick coat of paint over that wall.

So we go room to room and make suggestions,, rearrange furniture, maybe remove some pieces to make rooms bigger, check out conditions of carpets and floors. Caulking around Bath tubs, weather stripping on doors, missing lights (or ones that don’t work) walk around outside looking for things a buyer might see. Wood rot at window sills, exterior caulking that is deterioration, missing shingles, overgrown bushes, trees that may need to be trimmed. As you can see there is potentially a lot of work that may need to be done.

Once you can get a list together it is easy to go through and estimate costs, see what you the homeowner can do on your own etc. A lot of the things are just deferred maintenance that we all get too busy to do at times.

Personally I have for clients, power washed decks/drives, cleaned windows, landscaped whenever I think I can lend a had to the appearance of a home. We do this so that the property makes a good 1st impression. And we all know that 1st impressions are very important.

Then the photo session! So since there are so many people starting their search on line your photos have a lot to do whether a potential client wants to see your home or not. We have all been on line looking at something, Houses, cars, cloths, jewelry and you know there are just some photos that don’t make things appealing. The agent in most cases will hire a professional photographer to come in and shoot your home. Most people cant believe it is there home when they see it presented on line but all of the weeks of hard work will now be rewarded.

OK next is the paperwork setting terms of the listing, how to handle showings (appointment with realtor/homeowner) call 1st then go, how to handle comments by other agents/buyers, homeowner filling out a complete sellers disclosure. The key here is DISCLOSURE, DISCLOSURE. Disclose any issues you are aware of old or new.

So after all this the home goes into MLS or your locale way of listing a home. Sign may or may not go up and the showings start. Your realtor will then be requesting feed back from those who are showing your home (usually asking the other realtors for feedback of theirs and their clients). Some clients want to see every comment on the property regardless if pro or con. Some clients just want to know if they are going to make an offer. I had one client say don’t “never show me negative comments I am not doing any more work!” So it all depends on how it was discussed during the previous strategy sessions over the weeks coming up to listing.

Also during all of this there most likely is a separate marketing campaign going on that you don’t always see. Today there is a lot of online buyer looking for property so agents are busy posting your home for sale on any various sites. There is no one set way of market strategy most agents have had success in many different ways and they do what they think best for a property by property basis. There is also online and personal networking with other agents in your area. All of these things in combination of a local listing service are very minimal actions your agent is taking behind the scenes. Of course there are ads that may be appropriate for locale or regional publication that need customizing and have deadlines so the main story here is there are lots of things going on behind the scenes.

I am not sure what is going on with your case Anna, every situation is different, but this outline above catches about 80% of the tasks required (I am sure I missed a few minor tasks that are automatically done) to successfully get a home listed and presented to the marketplace. I am sure other Realtors® reading this will have slightly different processes or maybe some follow similar process but the end result is getting your home presented to the market and making the best 1st impression possible.

There is nothing like the feeling that a homeowner/Realtor® experience when a buyer comes to your home because they liked what they saw on line. Stays at your home for an hour or more and writes you an offer.

I wish you luck in the sale of your home. I would suggest if you have not heard from your agent that you call them and ask them if they could communicate any activity, comments (good or bad) and let them know you need a little more involvement in the process.

If you have any further questions please do not hesitate to contact me

Mobile/Text: 512-922-4922

Regards

Bob Kenney, Realtor®




Tuesday, January 28, 2014

I am buying a condo and no one can tell me exactly what the HOA fees pay for.

Hi Lori,

Hopefully you have a real estate agent representing you in the purchase. Your Realtor® needs to ask the seller and or their agent for a copy of the CC&R, The covenants, conditions & restrictions, are the governing documents that dictate how the homeowners association (HOA) operates and what rules the owners, and their tenants and guests, must obey. These documents may also be called The bylaws, The master deed, The house rules or another similar name.

These documents will spell out what dues or obligations exist between the owners of the units and the associations. Each association has a different set of operating rules regulating things such as parking, 3 of guests permitted and how long they can stay. Also such things as special assessments that may be required by the owners of all the units that comprise and association. Usually special costs that may not have funds in reserve like replacing a controlled gate access or repaving of drive way.

So there may be no one answering because they are not familiar with what is in the CC&R. These are typically provided to a prospective buyer once a property goes under contract with in a specified number of days from the executed date of the contract. However most selling (or listing ) agents should have this information available because their clients have been paying the same assessment since they have lived in the unit assuming it is a resale.

For new construction then the builder is responsible for these documents and the accounting of the dues. It is not common for a builder , especially for “pre construction”, not to have that information defined. Crazy as it seems they wait for the project to be completed to define those costs. A lot of people are caught off guard by larger than expected obligations.

Hope this helps point you I the right direction. Congratulations on your real estate purchase I hope your transaction is a successful one.

Please do not hesitate to contact me should you have additional questions.

Bob Kenney, Realtor®
Reilly Realtors

Mobile/Text: 512-922-4922



Friday, January 17, 2014

What is the difference between a Realtor® and a buyers agent?


Good morning Marty,

Real estate agents are licensed by the state in which they offer their services, there is not a specific buyers or listing agent license only there are agents that prefer to specialize on both sides. If an agent joins NAR (National Association of Realtors®) they are eligible to use the designation Realtor®.

There are agents that are licensed in their respective states, either as agents or brokers, who choose not to belong to NAR so they do not have the right to use the designation Realtor®.

I am licensed in the state of Texas and I belong to NAR. So I am licensed real estate agent and Realtor®. If you are dealing with an agent that uses Buyers Agent and not Realtor® as part of their designation then chances are that they do not belong to NAR. They may use ABA or accredited buyers agent but in order to have that designation they need to belong to NAR as well.

All Realtors can either be buyers or sellers (listing) agents. 15+ years ago most markets had only one kind of agent. Sellers agents and all agents worked for the seller and earned their commissions by representing the sellers. In late 1990's the advent of the “Buyers Agent” came along and I think it was a good thing for the real estate industry as a whole.

In most markets throughout the US you now have agents that represent just one side of the transaction. The seller still offers compensation in the form of a commission , in most cases, the commission is always paid to the listing broker as a whole amount and the listing broker then splits the whole commission with the buyers broker.

I use the term Broker because in Texas all agents that sell real estate must hold their license under a named broker in order to legally transact business. So the agents have a independent contractors association with the brokers. All contracts , listing agreements and buyers representations are IP of the broker with the agent as the representative of the broker. Confusing yes but the broker is held to a higher count of responsibility and must represent the agents should there be any kind of legal actions or disputes with other brokers/agents.

Those agents that act as buyer agents do so for a number of reasons. It could be they are just good in dealing with people and can convert leads to clients better than they can convert someone thinking about selling their homes to a listing. Could be that a broker hires that agent specifically so the agent works with buyers only in order to hone their representation skills.

So I guess that was a long answer. Do not feel compelled to work with a agent just because they say the specialize with buyers. Although there are agents that just list homes as a business model I would guess that 85% of licensed real estate agents are excellent representatives of both sellers and buyers in any given transaction. Call me if you have any further questions!


Bob kenney, Realtor® Mobile/Text: 512-922-4922