Austin Real Estate News Blog

Welcome to our Austin Real Estate News Blog.  The information found here in our news blog is based on living in Austin and the Central Texas area.  I hope that you will take some time and read the articles that are of interest to you.  We work hard to bring you original content to further your knowledge on the greater Austin area.

Thank you for taking some time and perusing through our posts.  And, I welcome your comments and feed back as long as you keep it clean and respectful.  Enjoy!

Robbie English, Managing Broker
Dewey Blanton Real Estate

July 31, 2017

It's About My Value

Dear Robbie, I was on your site and saw that you offered Home Price Estimates over Property Valuations.  I might be interested in selling my home but I would want to know the value first." Signed, Value Seeker

•••

Dear Value Seeker,  In the State of Texas it is a violation of the Texas Real Estate License Act for anyone other than a licensed appraiser to provide you with a value of your home.  In fact, if a REALTOR® or other real estate professional in the State of Texas tells you your "appraised value" you should RUN and RUN FAST!

According to Texas Rule 535.17a states that a real estate license holder may not perform an appraisal or provide an opinion of value.  The means basically that only a licensed appraiser conducting an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Proactive of the Appraisal Foundation can issue an appraisal or opinion of value.  This is a critical error that some real estate practitioners make when speaking with their clients and other consumers and is not something that should be taken lightly.  One of the critical components of working as a real estate practitioner is not only knowing the rules and regulations but also following them. So, why would you open yourself up to exposure of potential issues and/or lawsuits by working with a practitioner who does not demonstrate the basic knowledge to follow the rules set in place by the state?  What are they going to do or more importantly not going to do correctly while representing you?  Again, grab those running shoes FAST!

Now, I can hear the next statement "it doesn't seem that BIG of a deal" and I would like to tell you, yes in fact it is.  In Texas, real estate practitioners have to put a statement stating that the comparative or competitive market analysis they are providing you is not to be considered an appraisal or opinion of value.  So, if we have to put it on every CMA, then don't you think you should be working with a professional who understands the rules of the industry?  I'd hope so.

So, in conclusion as a licensed real estate broker, my agents and myself are able to provide you with a broker price opinion or CMA.

July 24, 2017

Why do I need a Realtor?

Dear Robbie, Why do I need a Realtor to buy or sell real estate?

•••

Well, that's an easy question to answer with a very long answer.  There is a lot more to do in real estate than just driving someone around or putting a sign in a yard.  it is important to understand that if a real estate practitioner is doing their job well, they are making it look easy.

In 2016 alone, I spent over 220 hours in the classroom sharpening my skills to better represent my clients.  There are a lot of facets to real estate other than what a typical consumer sees.  In fact, the Ohio Association of REALTORS listed 184 items that agents do for their clients.  Sometimes I look at this list and it blows me away to see all the things that we do for our clients and other times I look at the list and think of so many more things that we do in my office to represent our clients.

It take a true skill to be able to price properties, to know what adjustments need to be made for each situation in a home. Just like people, there are really no two homes alike.  Whether it's the neighborhood, design scheme, improvements, or even the lot location, there are a lot of aspects of a single parcel of property that affects the pricing and marketing of the home.  Oh, and did I mention the people?

Each real estate transaction brings on new relationships with people that have different sets of goals and aspirations.  Working to represent your client's best interest isn't something that a simple formula can be written down and repeated time after time without deviation.  Now, there is a lot of automation that is occurring and has been occurring in our industry.  Take for example AVMs.

AVMS or Automated Valuation Models are computer generated algorithms designed to predict the market value of your home.  The big issue with them is the fact that they cannot take into account so many different factors which are absolutely essential in the real estate world.  For example, an AVM cannot tell the present condition, modifications, improvements, or even the necessary improvements to make the property comparable to the other that have sold in the marketplace.  Oh, I just said the word marketplace.

An experienced real estate practitioner is going to possess extensive market knowledge and have honed the skill of being able to compare the subject properties to other properties on the market and ones which have sold.  They are going to be able to methodically analyze where the property presently is and where it needs to be when it hits the market to achieve the highest use and return by the sellers.  And, we cannot forget about the contracts that have to be reviewed, the changes and negotiation points in each one as well as being able to advise a client where the outs are in the offer or contract.

I honestly take it as a compliment when people look at me and think that my career is an easy one because actually it's not easy.  It makes me realize that I am doing a good job behind the scenes to make sure that it looks effortless on the frontline.  Nobody sees the late nights, the taking calls in the middle of family dinners, the negotiating back and forth, the emotions that sometimes run high with both buyers and sellers.  

 

July 15, 2017

Luxury Living Close to the University of Texas

3801 Avenue H
Austin Texas 78751

Are you or your kids attending the University of Texas at Austin and tired of subpar housing?  

What about when the parental units come to visit?  Do you have plenty of room for them to visit?

If not, we have the perfect home for you.  Located at 3801 Avenue H it's only minutes down The Drag to the campus.  This beautifully exquisite home is close enough to the campus to matter but far enough away from the craziness.

With 5 bedrooms, 4 full bathrooms, an additional family room and a flex room, you will have plenty of room in this 2,886 square feet to live comfortably while being close to the University of Texas.

This exquisite Hyde Park area home has large open space with plenty of natural light and from all of the windows.  The master bedroom features a large walk-in closet, beautiful master bathroom with separate vanities, jetted tub, and a separate shower.  The home features original hardwood floors, engineered hand scraped hardwoods, energy efficient windows, two gas tankless hot water heaters, gas stove, huge laundry room with plenty of cabinets.  The laundry room also has a storage closet and refrigerator/freezer space with ice maker line.  There is a second large family room/entertainment space in the back room and an flex room and two driveways. (see the property information)

  • Bedrooms: 5
  • Bathrooms: 4 Full
  • Square Footage: 2,886/Appraiser
  • Living Rooms: 2
  • Stories: 2
  • Construction: 3 Sides Masonry
  • Lot: Corner, Level, 
  • Public Maintained Road 
  • Roof: Composition Shingle/Urethane 
  • Faces: West 

And, check out these rooms sizes:

  • Front Living Room: 30.1 x 12.4 (371.57 sqft)
  • Master Bedroom/Owners Retreat: 18.4 X 11.11 (217.43 sqft)
  • Kitchen: 13.5 x 14.3 (191.49 sqft)
  • 2nd Living Room/Entertainment Room: 19.9 x 14 (277.17 sqft)
  • Laundry Room: 10.9 x 9 (96.77 sqft)
  • Flex Room: 12.5 x 12.6 (154.57 sqft)
  • First Front Bedroom: 11.3 x 9.5 (110.44 sqft)
  • Second Front Bedroom: 13.6 x 9.5 (126.48 sqft)
  • Fourth Bedroom: 11.6 x 11.2 (128.85 sqft)
  • Fifth Bedroom: 17.3 x 11.3 (194.07 sqft)

To see more on this home, visit: https://www.deweyblantonrealty.com/property/1815572/

 

luxury university of texas housing, close to campus, luxury, hyde park

 

#hydeparkliving #hydepark #hydeparkhome #centralaustinrealestate #centralaustinliving #UTliving #leeelementary #3801avenueh #homeforsale #austinrealestate

 

 

July 14, 2017

Austin City Limits 2017

Austin City Limits Music Festival

ACL is one of the things that makes Austin great; well, the live music.  This year the Austin City Limits Music Festival is slated for October 6th - October 8th and October 13th - October 15th.  This two weekend event has a lineup of exciting musical guests.

The great thing about Austin is there is always something for you and your friends and family to partake in.  Simply one of the many reasons why people love living in Austin.

ACL started in 2002 as a one weekend event inspired by the PBS series.  For more information, visit: https://www.aclfestival.com

Posted in Austin Living
July 8, 2017

Robbie English Featured in Texas REALTOR Magazine

I feel so honored to be included in such an esteemed group of REALTORS® featured in the July, 2017 edition of Texas REALTOR® magazine.

I believe that education is power and that the representation of our clients is only enhanced with a greater understanding of our industry.

 

 

 

 

Posted in REALTORS