Welcome to our first
monthly newsletter. Keeping you in
touch with the River Crossing
Currently there are 55 homes
for sale in River Crossing. Prices
range from $310,000 - $869,900. There are 3 new home constructions this
month in River Crossing.
Within the last 30
days 3 homes are now pending close
of escrow. One home closed. We welcome the new
owners of 1375 Frontier to River Crossing.
What a Great
Time to Refinance or Purchase!
rates are at an all time low and this is the perfect
time to consolidate those bills, do home
improvements or just refinance your mortgage into a
lower fixed rate saving hundreds of dollars monthly!
Unlike the media hype, there are loan programs and
mortgage money available. Don’t sit on the
sidelines. Take advantage of these incredible rates
and get the most for your dollar. It is also an
excellent time to purchase a new home, with rates
this low you can afford more house, act today. It
doesn’t hurt to try, call me today for a free
consultation at 210-858-6713.
Shelby A. Chapin
Texas Country Mortgage
2376 Bulverde Rd. Ste. 208
Bulverde, TX 78163
New Standards of
For Real Estate Inspectors
Kevin & Pam
TREC License # 10084
Real Estate Inspectors
Texas Association of Real Estate
Inspectors (TAREI) is a statewide
organization representing licensed real
estate inspectors. TAREI is committed to
the highest quality in real estate
inspection services and education. TAREI
was formed in 1977 and is one of the
oldest inspection associations of its
type in the United States. TAREI has
been the voice of the inspection
industry in Texas since its inception
and is recognized by similar
organizations throughout the United
States as the vanguard of the industry
The Standard of Practice for Real
Estate Inspectors has changed.
Mandatory Compliance will
begin February 1, 2009.
Inspectors may begin
inspecting to these standards immediately.
The inspector must report
in compliance with these Standards of Practice
even if the municipality building code does not
require these practices.
TREC and the
Inspector Committee require the highest
Inspection standards to protect our customer’s
life, limb and property.
This inspection is a
brief overview of some, not all, changes to the
Inspectors Standards of Practice.
To view the entire
Standards of Practice, visit
and click on “Standards of Practice”.
“In Need of Repair” (R) has been
replaced with “DEFICIENCY” (D)
Old Report Header:
I=Inspected NI=Not Inspected NP=Not
Present R=Not Functioning or In Need of
I NI NP R
New Report Header:
I=Inspected NI=Not Inspected NP=Not Present
I NI NP D
A condition that, in
the inspector’s reasonable opinion, adversely and
materially affects the performance of a system or
component or constitutes a hazard to life, limb, or
property as specified by these Standards of
Practice. General deficiencies include but are not
limited to inoperability, material distress, water
penetration, damage. Deterioration, missing parts,
and unsuitable installation.
Items identified in the report as “Deficient” do not
obligate any party to make repairs or take other
action nor is the purchaser required to request that
the seller take action.
a deficiency is reported, it is the client’s
responsibility to obtain further evaluations and/or
cost estimates from qualified service professionals.
Any such follow-up
should take place prior to the expiration of any
time limitations such as option periods.
qualified tradesmen may lead to the discovery of
additional deficiencies which may involve additional
The purpose of the
inspection is to provide the client with information
regarding the general condition of the residence at
the time of inspection.
The inspector may
provide a higher level of inspection performance
than required by these Standards of Practice and may
inspect parts, components, and systems on addition
to those described by the Standards of Practice.
New Standards of Practice for Inspectors
Mandatory implementation February 1, 2009.
Optional implementation immediately.
New Consumer Notice Concerning Hazards or
TREC Form No. OP-1
New Inspection Form
More detailed preamble to inspection provided by
Items moved in report and additional information
Inspectors are required to inform customers at the
earliest point possible if they will not inspect
If the inspector never climbs a roof then he/she
must notify the customer before they hire the
TREC requires Inspectors to inspect to a higher
standard than most municipalities require for new
construction and the standards apply to all homes,
all ages, no such thing as grandfathered.
Kevin and Pam Kight
Kight Home Inspection
I am here to
with all of your real estate needs.
For a current
CMA please contact me at
email me at
Wishing you all the
luck of the Irish!
DON'T FORGET: Time Change March 8th!
Featured Home of the
Single Family Home in River Crossing
♦ 2 Story ♦ 4 Bedroom ♦ 3.5 Bath
♦ 3796 Sq Ft ♦ 1.3 Acres
|♦ Two Living Area
♦ Separate Dining
♦ Eat-in Kitchen
♦ Island Kitchen
♦ Breakfast Bar
♦ Walk-in Pantry
♦ Game Room
♦ High Ceilings
♦ Open Floor Plan
♦ Covered Patio
♦ Gas Grill
♦ Privacy Fence
♦ Sprinkler System
♦ Mature Trees
♦ Outdoor Kitchen
♦ Three + Car Carport
♦ Attached Side Entry
♦ Golf Course
♦ Sports Court
Want to learn more
about this Magnificent River Crossing Home?
Markets for 2009
With most economists and
builders expecting a national market decline
this year, this may not seem like the best
time to be selecting the "healthiest"
markets in the country. Virtually every
market was down last year. But a close look
at the numbers reveals that some markets
have way outperformed others during the last
four years and are likely to continue to do
so this year.
When the housing market
stages its official recovery, the markets
listed on the following pages are likely to
lead the parade. It may take a year or more
for the weakest markets--where burgeoning
foreclosure sales are still pounding new
home values, making building and selling new
homes an exercise in futility-- to finally
stage a turnaround. We'll present that list
The healthiest markets
have many things in common. Most of them are
great places to live, either close to the
ocean, mountains, or major universities.
Most of them didn't have a huge run-up in
prices during the boom and aren't
experiencing rampant deflation during the
To compile these lists, we
analyzed the top 75 housing markets in the
country. We ranked them based on population
trends and job growth, perennial drivers of
housing demand. We also examined what's
happened with home prices; many of the
healthiest markets have managed to hold the
line on home values. And finally, we
considered the rate building permits, which
may be the single best ongoing indicator of
builder confidence in a market. We combined
all these metrics to produce a score for
each market. Here are the top 15, in reverse
building permits: 26,145
In a year when permits
declined 35 percent nationally,
Dallas only experienced a 9 percent
fall-off. With a population of 4.2 million,
Dallas was the third largest home building
market last year, as measured in permits
pulled. Employers in Dallas, a popular place
for corporate relocation and expansion,
added 42,000 jobs last year, a growth rate
of 2 percent. Existing home prices have held
steady, falling a paltry 2.3 percent in the
last year, Interestingly, the face of
residential construction has changed
dramatically in Dallas in recent years; 58
percent of the activity last year was in
multifamily, compared to a five-year average
of 23 percent. The relative stability of the
market, though, wasn't enough to prevent
Wall Homes from filing for bankruptcy
earlier this year. On the other hand, former
John Landon recently started a new
Dallas-based home building company.
D.R. Horton, Highland Homes, David Weekely
Homes, K.Hovnanian Homes, Drees Custom
Hanley Wood Market Intelligence.
San Antonio, Texas
building permits: 10,261
San Antonio is another Texas market that is still adding jobs, about
15,000 last year. A city of more than 2
million people now, its population is also
growing, at a 2.8 percent annual clip
through the third quarter of last year.
Existing home prices are barely declining in
San Antonio, down only 1..8 percent in the
last year, leaving the median price of an
existing single-family home at an affordable
$154,400, 25 percent below the national
average of $200,500, according to the
National Association of Realtors. The upper
end of the housing market was hurt recently
when AT&T announced it would be moving its
corporate headquarters to Dallas.
D.R. Horton, K.B. Home, Centex Homes, Pulte
Homes, Fieldstone Communities. Courtesy:
Hanley Wood Market Intelligence.
Fort Worth, Texas
Fort Worth, always operating in the shadow of higher profile Dallas,
nevertheless can currently claim to have
a slightly healthier housing market,
based on its employment growth, relatively
strong permit activity, and inexpensive
housing. Now the 14th largest
home building market in the country, Ft.
Worth's builders pulled 10,388 permits last
year, roughly two-thirds of them
single-family. That may be half as many as
2005, but many other major markets showed
much sharper drop-offs. The relative
strength of the Fort Worth market in recent
years stems from its ties to the oil and gas
industries, which has fueled above-average
job growth. The metro area added 17,300 jobs
D.R. Horton, Choice Homes, History Maker
Homes, Meritage Homes, Centex Homes.
Hanley Wood Market Intelligence.
Nine years ago, during the
tech bust, some builders felt that
Austin was too crowded and left. The bloom
is back on Austin's yellow rose now; it
moved up the leader board to become the
sixth largest home building market last
year. Job creation explains the move. While
other markets lost employment, Austin added
17,400 jobs last year, 2.31 percent growth
rate. It helps that Austin is home to both a
major university, The University of Texas,
and the state capital. Existing homes cost a
little bit more in Austin than other Texas
markets, roughly $190,900, but that's still
below the national average. Also, Austin is
one of the few metro areas in the country
where median prices actually rose in
2008--1.4 percent through the first three
quarters of the year. Amazingly, Austin now
generates more home building activity than
Chicago, which has six times more people.
D.R. Horton, Lennar, KB Home, Centex Homes,
Meritage Homes. Courtesy:
Hanley Wood Market Intelligence.
They like to do things big
Houston. Now the metro area, home to nearly
5.8 million people, can lay claim to being
the largest home building market in the
country, with 42,697 building permits. The
market is still benefiting from an influx of
population and jobs and rebuilding in
the wake of Hurricane Ike. Employment
rose 2.2 percent last year, representing the
addition of an incredible 57,000 jobs. Home
building activity in Houston has only fallen
31 percent since 2005. Also, existing home
prices actually rose in Houston last year,
2.8 percent, to $160,200, still a very
affordable level. Roughly one third of the
home building action is in Harris County,
followed by Houston proper and Fort Bend
County. One of Houston's largest builders,
Royce Homes, shut down last year, and
Kimball Hill, one of the biggest builders in
closed its doors this year after it failed
to find a buyer.