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The Gibbs Team

512-431-2403

Uncategorized

April 10, 2020 By Mary Lynne Gibbs

Austin’s Housing Market During Covid-19

Austin’s economy and housing market could be well positioned to minimize the potentially negative impact of COVID-19, Mark Sprague, state director of information capital for Independence Title, said. “Austin’s economy has diversified and strengthened over the past two decades. This leads me to be optimistic that our region is in a strong position to withstand economic downturns that may have a greater impact nationally,” Sprague said.

“Effects will still be felt especially by those who depend on each paycheck to pay their bills and provide for their families, and that cannot be discounted.” According to Sprague, despite the current uncertainty, buyers are still eager to close sales in Austin. “Current indicators are that Austin’s housing market remains strong and competitive. Any decrease in inventory would only increase competitiveness in our market.

Overall, Austin’s economy and housing market look to be resilient during this uncertain time. Once COVID-19 subsides, there is a potential for even more investment by employers in the Austin market, and I would expect those looking for a more affordable cost of living compared to other major U.S. metropolitan areas will still look to move to and buy homes in Austin,” Mark Sprague concluded.

Filed Under: Austin Updates, Featured, Uncategorized

May 2, 2019 By Mary Lynne Gibbs

Just Listed in Georgetown!

220 Fannin Battleground LN, Georgetown, Texas 78628 listed at $489,000

Stunning one story w/extended master & outdoor living, media room + wine room. Open concept living/dining area that is perfect for entertaining. Beautiful finishes: hardwood floors, dark custom cabinets, stainless steel appliances & granite. Master suite includes walk-in closet, dual vanities, garden tub & walk-in shower. This rare lot backs to ranch property- plenty of privacy & space. Neighborhood amenities include 2 pools, community center, park, walking/biking trails, & top-rated Parkside Elementary!

Filed Under: Uncategorized

April 9, 2019 By Mary Lynne Gibbs

RRC: 2018 YEAR IN REVIEW

By Mary Lynne Gibbs • 2018 Director

CRS designees step up when there’s a call to action. Our RRC Central Texas Region contributed more than $1,000 to our charity of choice, The Refuge Ranch. The largest long-term, live-in rehabilitation facility provides holistic care for girls through age 19 who have been rescued from sex trafficking. Did you know there are currently 79,000 young adults and minors being sex trafficked in Texas alone? It was our pleasure to help those who are addressing this alarming exploitation.

“We have four girls who have already begun their journey to health, happiness and healing at the ranch and they are so deserving,” says Kristine Schmidt, a board member at The Refuge. “At The Refuge we believe there is no rescue without restoration and our circle of care is a reflection of this.” This year we also had moments of joy together as a board and a network group. This by far, I feel, is our greatest accomplishment. Another feather in our cap is that Mary Miner was named CRS of the Year for Texas.

To those who have served on this year’s board, I have profound gratitude in all that we’ve accomplished. I want to extend my highest appreciation for all the time and commitment everyone gave synergistically to create another successful year. It has been my honor to serve you. As I pass the baton, I do not say goodbye, I say carry on. I’m behind you and will continue to serve as the state education chair for 2019.

To those who have served on this year’s board, I have profound gratitude in all that we’ve accomplished. I want to extend my highest appreciation for all the time and commitment everyone gave synergistically to create another successful year. It has been my honor to serve you. As I pass the baton, I do not say goodbye, I say carry on. I’m behind you and will continue to serve as the state education chair for 2019.

Thank you to my outgoing board: trusted advisor, Gay Puckett; previous past director, Gena Hammonds; sponsors, Lili Maliner; treasurer, David Burton; education, Georganna Zaba; membership, Susanna Boyer and speakers, Ted Smith. And congratulations to the 2019 board: director, Susanna Boyer; previous past director, trusted advisor, Mary Miner; sponsors, Lili Maliner; membership, Cathy Ryden; treasurer, Linda Welsh; speakers, David Burton and education, Linda Scott. RRC luncheons for 2019 will be from 11:30 a.m. until 1 p.m. at Austin Country Club on Feb. 20, April 17, June 19, Sept. 11 and Dec. 4. Please make plans to join us and become part of the Residential Real Estate Council. Happy Holidays.

Filed Under: Austin Updates, Blog, Featured, Keller Williams, Uncategorized

April 9, 2019 By Mary Lynne Gibbs

RRS: TEXAS BUCKS THE NATIONAL TREND IN INCREASED E&O INSURANCE CLAIMS FOR BROKERS

By Mary Lynne Gibbs • 2018 Director

Errors and omissions insurance claims are rising in the nation, yet Texas is not seeing an increase in these kinds of professional liability issues. Why? At our most recent RRC luncheon, TREC Chair Avis Wukasch told a packed house that one E&O insurance provider believes it is because brokers in Texas must meet stricter educational and regulatory requirements.

Avis recently appointed me and eight others across Texas to the Broker Responsibility Working Group (BRWG) which will allow us to make sure Texas remains a leader in broker accountability. We are in charge with reviewing broker licensing requirements, minimum competency requirements, broker mentorship programs, minimum service requirements in relation to service fees and temporary out of state registrations for commercial transactions. It is my honor to be appointed to this vital group for the second time.

While most people in real estate are responsible, there are a few crummy people out there who make it imperative that we clean up the profession. I remember one case of a broker who was taking rental payments for a veteran serving in Iraq but was not depositing the money for him. The veteran got a notice of foreclosure after he was deployed. Another broker was in a nursing home and others individuals could not be located. 

“Over the years, the work of this group has resulted in a greater experience required to become a broker, a mandatory Broker Responsibility CE course for brokers who sponsor sales agents, TREC Rule 535.2 on Broker Responsibility and more consumer-friendly language for the Information About Brokerage Services Notice,” says Kerri Lewis, general counsel for the Texas Real Estate Commission (TREC). “All of these improvements strengthen the professionalism of the industry and better serve consumers of real estate services in Texas.”

If you have an interest in improving broker standards, consider putting the Broker Responsibility Course offered by TREC on your goal sheet for next year. Whether you are a sales agent or a broker who supervises sales agents, there is so much valuable content that benefits our profession. Have you ever thought about getting your broker license? The Broker Responsibility Course is a great course to take before doing so and it would help you to determine if becoming a broker something that you would truly like to be involved with, especially if you are considering leading a team. Instructors are now revising the course, so I recommend that you take it beginning in January 2019. Another option is to sign up for the 9-day cruise to the Panama Canal in February. I will be teaching the course and you’ll receive six hours of CE elective credit.

Let’s work together to make sure brokers ensure compliance with applicable laws and regulations, including proper training and supervision of sponsored agents.

Filed Under: Austin Updates, Blog, Featured, Keller Williams, Uncategorized

April 9, 2019 By Mary Lynne Gibbs

RRS: PROTECT YOUR TREES AND YOUR HOME VALUE!

By Mary Lynne Gibbs • 2018 Director

As REALTORS, you know that trees add value to property. A majestic oak may be worth thousands! With the constant threat of oak wilt, one of the most destructive tree diseases that can kill oaks at epidemic proportions, we need to make our homeowners aware of the dangers. 

Research and industry knowledge add value to our clients and improves our competency, but we certainly do not want to offer information outside our expertise. I recommend you seek the advice of a qualified arborist like Greg Gundersen of Certified Tree Care who recently shared with me some helpful advice: 

What recommendations do you have for agents who refer landscape and tree care services to clients?  

Greg: The most important thing is to make sure whoever is being referred is a professional in their field. If looking for tree care, make sure they are using an ISA certified arborist. 

What do we need to know about tree care and oak wilt? 

Greg: If the trees have a lot of broken or dead limbs, make sure to have them painted to ensure their health. Oak wilt beetles are active between 60-90 degrees so no matter what time of year, pruning is important and all equipment should be sterilized. 

What preventive measures can be taken? If discovered, what can be done to help save the trees?

Greg: Prevention is always less expensive than being reactive. Keeping the trees properly maintained and all wounds painted is crucial. There are ways to protect the live oaks if oak wilt is a threat. After trees are manicured, we recommend injecting the trunk base with a fungicide, which acts as a protective barrier for up to two years. It also helps open the vascular system of the tree to allow water and nutrients to flow more freely to the crown. Make sure you have an ISA certified arborist up-to-date on the most effective and efficient ways to treat the issue.

So my advice this September is to take care of your trees, educate your clients and have a happy fall! And since fall is one of the best times to establish trees, you might tell your clients to consider planting some trees. One day they may add thousands to the value of their home!

Filed Under: Austin Updates, Blog, Featured, Keller Williams, Uncategorized

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Broker License #502033 - Texas Law requires all licensees to give Consumer Protection Notice and Information about Brokerage Services