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Land, Lots of Land

I’ve got two new land listings to let you know about!

The first in Killeen includes 5 acres, fenced (sorry, Roy), and in a prime location for professional offices or retail. Within 1/4 mile is the new La Cascata Shopping Village, a master planned, pedestrian friendly project including 210 acres of high density single and multifamily residences, commercial office, hotel, retail, restaurant, and entertainment venues. La Cascata will include 355,000 SF retail with 60 to 100 tenant businesses. Listed at $2.75 a square foot, you’ve got room to tumble some tumbleweeds and get a jump start on the development with this land today!

Dogwood 4

The second listing is 11.14 acres outside the Georgetown city limits near the intersection at FM 1460 (AW Grimes) and Westinghouse Rd. The 10.1 acre lot comes with an additional 1.041 acre easement from the property to AW Grimes Blvd. Nestled in the middle of over 4,200 residential homes in Teravista, La Conterra, and Westhaven, this location is perfect for professional offices, multifamily or single family development. Listed at $3.45 a square foot let’s pull the Trigger (sorry again, Roy) and get to building.

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Contact me today for a marketing flyer on one or both of these properties. Just sing along, “Give me land, lots of land…..”

The British are Coming (among others)

International Buyers Boost Texas Economy by $11 Billion

TX UKThe Texas Association of Realtors® has reported that from April 2017 to March 2018, there were 24,012 international buyers who purchased homes in Texas. That comprises 9% of the 266,800 homes bought throughout the US by foreign purchasers.

Texas ranks third behind Florida and California for international sales. The top five countries people are moving here from are Mexico, China, India, the United Kingdom, and Canada.

Download the full report here.

Is the local housing market slowing?

By Mark Sprague, State Director of Information Capital at Independence Title

Is the local housing market slowing?

          Independence Title

Locally, regionally, and nationally, that seems to be a common question / theme. Locally, I can tell you that most of the Texas metros have been on a sustained, positive run, with Austin’s being the longest at over 9 years (6 years being the longest previously).

First, what is happening in the market presently appears to be more of a seasonal slowing, prior to school starting. Second, two months is NOT a trend.

To see if the market is slowing, what are the signs? You need to look for lack of GDP growth, lack of job growth, easy mortgage financing (requiring little to no down and easy qualifying), new and resale inventory increasing, other real estate channels showing signs of overbuilding or slowing of values, etc. There are no indications of any of this happening. Quite the opposite, in fact.

So, why the pessimism? Read Mark’s Complete Monthly Texas Market Update Here.

Coming to Round Rock in 2019

nutty-brown-sign

New softball fields at Old Settlers Park will replace the old ball fields at McNeil Park as the Nutty Brown Cafe has purchased the park and will open at its new location in 2019 in Round Rock.

The Round Rock City Council on Thursday approved a $2.8 million construction contract with Prime Construction Company for phase one of the recreation complex, which will be located at Old Settlers Park. Funding for the adult recreation complex was included in a 2013 bond election, with part of the funding from the sale of McNeil Park. Nutty Brown Cafe owner Mike Farr purchased the 18.4-acre park in 2015 for $1.1 million to host the live music venue, which is scheduled to open by spring 2019. Voters approved the city to sell the park in a 2006 election.

Read more at The Statesman Online

PSA for ISAs

Unlicensed but working in Real Estate?

trec

Real Estate Inside Sales friends, do you know you must have your real estate license in order to contact people about buying, selling, or leasing real estate?

According to the most recent TREC Legal Update:

May an unlicensed person, identified as such, make calls to determine whether persons are interested in buying or selling property, or have property they wish to sell, and if so, make an appointment for a licensed agent to talk to them? No. Often referred to as “telemarketing,” any such activities conducted in Texas must be conducted by a license holder. In Tex. Atty. Gen. Op. H-1271 (1978), the attorney general concluded that a license was required. Also, TREC Rule 535.4(e) makes it clear that all solicitation work must be conducted by a license holder.

May an unlicensed person open doors for prospective buyers or tenants? No. Rule 535.4(c) states that a person must be licensed as a broker or sales agent to show a broker’s listings. An unlicensed assistant cannot perform any activities for a license holder that requires a license, and therefore, cannot “show” a property. This rule was amended last year to clarify that to “show” includes opening doors, allowing access to a property, or hosting an open house. Bottom line, an unlicensed assistant cannot show property for a license holder; this includes providing access to homes for sale and for lease.

May an unlicensed assistant set an appointment to show a listing? Yes. Under the general rules stated above, it is permissible for an assistant to call a homeowner and schedule an appointment for the broker to bring a potential buyer to see the home.

May the unlicensed assistant host an open house? No, effective December 20, 2016, TREC changed the rules so that an unlicensed assistant can no longer host an open house.

See Section 535.4 and 535.5 at TREC Rules and Laws