Christi's Blog

Katy Fundraiser - 2nd Annual Katy Sunshine Fest to benefit The Sunshine Kids was a HIT!

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sat, 26 Apr 2008 16:08:40 -0500

The Katy office of Prudential Gary Greene, Realtors recently held their 2nd Annual Katy Sunshine Fest to benefit The Sunshine Kids on Thursday March 27, 2008. Over 600 Guests and our many local sponsors were astounded as they arrived at our office parking lot and were greeted by a 5,000 steel erected tent. This certainly set the tone for the evening and will be talked about for years to come.

The event kicked off with a 4:00 p.m. style show highlighting fashions and commentary from J. Barton Clothiers. Many of the models were agents from our office as well as from our sponsors. The fashion show set up was very "Fifth Avenue" and all guests were greeted by white gloved bartenders bearing a bit of bubbly.

Immediately following the fashion show, the main event kicked off at 5:00 p.m. with an introduction from our manager, Tracy Bogiel. We were very pleased to hear comments from our very own Mark and Marilyn, as well as a special visit from GW Bailey, TV's "The Closer" MASH, Police Academy and more, who is a national spokesperson for The Sunshine Kids. GW took time out of his very busy schedule to speak to our guests about the mission and goals of The Sunshine Kids and not a dry eye was to be had in the crowd.

The evening's entertainment focused around live music as well as that of a terrific DJ. Our live music was presented by special surprise guests: Kady Malloy and Colton Berry - past contestants of a nationally recognized television talent show. This wowed the crowd and will be a hard act to follow next year.

Our guests were treated to delicious food provided by four area restaurants, as well as wine, beer and margaritas. Funds for the event were raised from our fabulous live auction, silent auction and raffle prizes. In fact, the bidding was quite fierce at the end for the top items: Tiger Woods' signed Master's jacket and Hannah Montana signed guitar. Several silent auction items were: JK Rowlings' signed Harry Potter book, 2005 NCAA National Football Champs Team Autographed Helmet, Houston Astro's Legends Home Plate signed by Craig Biggio, Roger Clemens, Jeff Bagwell, Andy Pettit and Lance Berkman and so much more! Our raffle tickets offered three great prizes: a Colorado Condo escape package for 6 nights including airfare for 2, a four night Carnival cruise to Mexico from Galveston and a Golf and Spa week-end getaway for two to the Fairmont Scottsdale in Arizona.

We are proud to announce that the event raised $ 20,000 - which was double last years' effort! In May, we will hold a special event to thank our wonderful sponsors and will use this opportunity to present a check for $ 17,000.00 directly to the Sunshine Kids with the remaining funds to go toward kicking off next years' event to be held in early Spring of 2009 - exact date to be announced.

If you are interesting in sponsoring this fabulous Katy event, please contact me at christi@christiborden.com.

Katy, TX - Great Home in Falcon Ranch

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 20 Apr 2008 13:10:24 -0500

2718 Hunting Valley

2718 Hunting Valley, Katy, TX 77494 View Map

Beautifully upgraded J. Patrick Homes in Falcon Ranch: 4 spacious bedrooms, 3 full and 1 half bath with formal dining, large family room and a terrific gameroom that has been enclosed for media room potential. From the wrought iron stairwell, art niches, gleaming granite, beautiful tile floors, Berber carpeting, and pool-sized yard...you will be impressed. An added benefit: Privacy - with no neighbors behind! Also, great Katy schools!

Details

Asking Price:

$285,000

MLS:

3982648

Sq. Feet:

3479

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

550

Garage Size:

Subdivision:

Falcon Ranch

Year Built:

2002

Property Amenities

Community Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

Katy, TX Five Bedroom Beauty in Grand Lakes

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 20 Apr 2008 12:28:12 -0500

21102 Jade Bluff Ln

21102 Jade Bluff Ln., Katy, TX 77450 View Map

Beautiful Trendmaker - that truly "Shows like a model". You will love living on this quiet cul-de-sac street and your new home backs to no neighbors for privacy. As you enter, you are greeted by an elongated dramatic foyer with warm, inviting hardwood floors - which extend throughout the dining, living and master bedroom as well. The formal dining is very elegant and invites entertaining on a grand scale. The large family room has 2-story soaring ceilings and a warm gas fireplace. The kitchen is a Trendmaker specialty: gleaming granite counters, a great working island and plenty of pretty cabinetry. The master retreat is simply gorgeous and offers granite in the master bath as well as an amazing walk in closet. This home has a 2nd bedroom down that could be used as a study or home office. Upstairs, you will find a great computer niche, large game room and 3 spacious bedrooms. There is also a "secret room" for additional storage. You will love this fabulous Trendmaker home in the highly acclaimed Grand Lakes neighborhood in Katy, TX.

Details

Asking Price:

$317,500

MLS:

5949842

Sq. Feet:

3116

Bedrooms:

Bathrooms:

# of Floors:

HOA/Maintenance Fees:

995

Garage Size:

Subdivision:

Grand Lakes

Year Built:

2006

Property Amenities

Community Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

Beautiful 5 bedroom in Grand Lakes in Katy, TX

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 23 Mar 2008 13:27:17 -0500

21019 Jade Bluff Ln

21019 Jade Bluff Ln., Katy, TX 77450 View Map

You will LOVE this fabulous Trendmaker home in Grand Lakes: Cul-de-sac lot, 5 bedrooms, 3.5 baths, formal dining, large den, tile throughout entry, den, kitchen, breakfast and baths, carpeting through remainder of home. The downstairs master is large and has a great bathroom with granite, jetted tub and large closet. Upstairs, a large gameroom and large bedrooms. The backyard has a HUGE covered patio and a pool-sized yard. This one fits the criteria perfectly.

Details

Asking Price:

$300,000

MLS:

1802804

Sq. Feet:

3043

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

$995

Garage Size:

3 Car

Subdivision:

Grand Lakes

Year Built:

2005

Property Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

What is so special about Grand Lakes in Katy, TX?

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 23 Mar 2008 13:14:39 -0500

Grand Lakes Community

Community Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

Great Nottingham Country Home with Pool ... Just in time for summer!

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 23 Mar 2008 13:09:01 -0500

20702 Park Bend Dr.

20702 Park Bend Dr., Katy, TX 77450 View Map

This sparkling pool comes with a great house, too. Pretty four bedroom nestled in the heart of Nottingham Country in beautiful Katy, TX. The home has great upgrades and no carpeting as it is tiled throughout for those with allergies - easy care and low maintenance. The kitchen has granite counters and the wood work and trim in the home is breathtaking. The master overlooks the pool and covered patio area and the game room up provides extra entertainment space for family and friends.

Details

Asking Price:

$219,995

MLS:

2633634

Sq. Feet:

2934

Lot Size:

7076

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

$200

Garage Size:

Subdivision:

Nottingham Country

Year Built:

1983

Property Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

Great Nottingham Country Home with Pool ... Just in time for summer!

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 23 Mar 2008 13:05:51 -0500

20702 Park Bend Dr.

20702 Park Bend Dr., Katy, TX 77450 View Map

Details

Asking Price:

$219,995

MLS:

2633634

Sq. Feet:

2934

Lot Size:

7076

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

$200

Garage Size:

Subdivision:

Nottingham Country

Year Built:

1983

Property Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

You, too can market your international listings through HAR - Houston Association of Realtors

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sat, 22 Mar 2008 13:33:27 -0500

HAR - Houston Association of Realtors has a great tool for Realtors throughout the US who wish to fully market their international listings.

We have a special section on our www.HAR.com web site devoted entirely to the practice of International Real Estate. This web page offers many items: hundreds of listings, consumer information, agent information, educational updates, consular information and more to help the consumer and real estate practitioner better understand the special components involved in a foreign property transaction.

HAR is recognized nationally for its user-friendly web site and high volume of visitors, and the International page is certainly leading the way not only on a State level but for the entire US as well. In fact, both NAR and TAR (Texas Association of Realtors) are not only impressed by our site but looking at us in an effort to improve their own international presence.

While there are obligations for listing on HAR (two of which: you must become a member of HAR and have an exclusive listing agreement), just imagine the exposure your client will gain from advertising in the Gateway City of the South. HAR is no longer a "local" site but receives thousands of visits daily from all over the world.

If you would like more information, contact me as I serve on the International Committees for HAR and TAR and I will be happy to help you in any way that I can.

www.ChristiBorden.com

christi@christiborden.com

The Pitfalls of Flipping in the Houston Market Pt.1

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sat, 22 Mar 2008 09:30:35 -0500

Having worked with many aspiring "flippers", I felt I should share the agent's view of the process.

First let me say, nothing is like is it on TV. The garden variety show on flipping only highlights the highs and rarely tells the lows of this venture.

As an agent, the first thing I would advise is to get your real estate license. Now, I am not a proponent of losing business by telling folks to get licensed and do it on their own, but for flipping purposes, this is truly a cost saving matter. You will need to spend a lot of time analyzing the various neighborhoods, the market value of improved properties, days on the market, etc. Asking an experienced Realtor to give the tremendous amount of time necessary to help you find the right investment vehicle is a tall order. In fact, the savvy Realtor experienced in this type of investment property most likely would start investing them-self if they found a true "diamond in the rough".

Second, you will need to align yourself with terrific and trustworthy tradesmen: carpenters, flooring specialist, roofers, foundation repairmen, electricians, plumbers, etc who can view the property prior to your purchase to give you a true estimate of the costs involved in bringing the property up to current market standards. This is where many would-be flippers fail. They always underestimate the money and time needed for the rehabilitation of the property.

Third, please, please get the home inspected before you purchase. Read that sentence again and again as there are so many hidden items that can cost you a future sale and break the bank.

Last, you need to have very deep pockets to absorb the "mistakes" such as underestimating repair needs, overestimating market value of the property when finished, underestimating time on the market before you are able to sell, etc. This is not a venture for the faint of heart.

One more thing to consider, the most successful flips are occurring in neighborhoods that have unique architecture as opposed to the cookie cutter homes that have been built for the last 20 years.

Good Luck to you and Happy Flipping.

Real Estate Perspectives in The Netherlands/ Inbound and Outbound

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Fri, 21 Mar 2008 10:27:00 -0500

I had the privilege of attending my monthly FIABCI-Houston luncheon this past Wednesday, March 19th with special guest speakers: The Honorable Geert C. Visser, Houston Consul General of The Netherlands, as well as Mr. Frans Gilebaard, Developer.

The Hon. Geert C. Visser began the presentation with the many accomplishments of his country in the fields of transportation, engineering, banking and more. The discussion then focused on the tremendous amount of Dutch foreign investment in the US as well as the remainder of the Americas. What was surprising is that in the past, the Dutch were the # 1 foreign investor in the States. This number is now believed to the #3, which astounded the FIABCI members and guests in attendance.

His Honor stated, "Holland is the doorway to Europe" and went on to explain how any US investor would be wise to consider a partnership with The Netherlands when seeking entry into the EU, as well as Asia, Russia and Africa. As The Netherlands has been a trading country for over 900 years, he explained that businessmen and women in his country are well educated, multi-lingual and very savvy as to the customs and nuances of doing business throughout the world and would be a great asset to educate a US investor so as to avoid costly and perhaps deadly mistakes when trying to go it alone. An example of such a mistake was the Tandy Corporation, who brought in Radio Shack stores into England and Europe. In doing business as they had in the States, they started advertising pre-Christmas sales way in advance of the accepted norm to do so in the area. This caused such a furor that it basically denied this company any chance at establishing a good business base over what was simply a timing error. Naivete can be very costly when dealing with foreign customs and cultures and is even more reason that an investor should consider partnering with an entity able to bridge the gap between the two.

Our second speaker was Mr. Frans Gilebaard, a local developer who was born and raised in The Netherlands and brought to us his first hand knowledge of both inbound and outbound investments. He highlighted the various contributions to the world, including the engineering feat of keeping afloat The Palm Island development in Dubai, United Arab Emirates. Dutch engineers were also consulted with regard to design and correction of the levies in New Orleans, La.

Mr. Gilebaard also stated, "Whatever country you go to, you have to have an understanding of the nuances of business that affect you". He highlighted the incredible history of KLM, the national airlines of The Netherlands based out of Amsterdam's Schiphol International airport, located 20 minutes (17.5 km) southwest of the city. KLM first came to Houston in 1957 when they recognized the potential for investment for their countrymen in the oil industry. In fact, one would be wise to watch where KLM establishes routes as an indicator of potential investment opportunities around the world.

Speaking of Dutch investors, it was highlighted that most foreign residential investment (holiday homes) are purchased in warm, sunny climates but commercial investments span the globe.

In closing, it was reiterated that a smart US investor would be very wise, indeed, to make a business plan that includes proceeding through "The Gateway to Europe".

Mr. Frans Gilebaard, Ms. Judith Snively, Esq., President of FIABCI-Houston Chapter, and The Hon. Geert C. Visser, Consul General of The Netherlands

Great Fundraiser to be held in Katy, Tx on Thursday, March 27th

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Tue, 18 Mar 2008 18:03:15 -0500

Once again, the Katy Team of Prudential Gary Greene and many local sponsors are bringing you the 2nd Annual Katy Sunshine Fest, to be held Thursday, March 27th from 4:00 to 8:30 PM at our Katy office location. Last year, we managed to raise over $ 10,000 and we hope to double that amount this year. The Sunshine Kids Foundation is a non-profit organization dedicated to children with cancer. Established in 1982 the Foundation is committed to providing quality group activities and emotional support for Kids who are receiving cancer treatment in hospitals across North America. Please visit http://www.sunshinekids.org/ for more information about this incredible organization, which is the primary charity for Prudential Real Estate Affiliates nationwide.

We expect over 700 guests to enjoy this year's event, which will begin with a Home and Style Show from 4:00 to 5:00 p.m., with the main event to follow. This should be a wonderful party with delicious food provided by four popular, local food vendors, dj and live music, door prizes, a silent and live auction, along with raffle tickets available for three fabulous vacation getaways geared toward raising money for this great cause.

We have the privilege of having Bruce Hall, the founder and CEO of Gallery of Dreams from Pomona, CA bringing memorabilia for our event. Just a few items in the live auction will be a signed Yao Ming jersey, a George HW & George W. Bush autographed baseball, a JK Rowlings signed Harry Potter book, 2005 NCAA National Football Champs Team Autographed Helmet, Houston Astros Legends Home Plate signed by Craig Biggio, Roger Clemens, Jeff Bagwell, Andy Pettit and Lance Berkman, Miley Cyrus & The Jonas Brothers signed guitar, 13 Country Legends Acoustic Guitar signed by Reba McEntire, Faith Hill, Tim McGraw, George Strait, Toby Keith, Garth Brooks, Kix Brooks, Ronnie Dunn, Alan Jackson, Kris Kristofferson, Hank Williams Jr. Willie Nelson, and Merle Haggard, an Autographed George Strait Cowboy Hat and more!

We are offing a great raffle as well for a chance to win one of the following (need not be present to win):

A Colorado Condo escape package for 6 nights including airfare for 2.
A four night Carnival cruise to Mexico from Galveston.
A Golf and Spa week-end getaway for two to the Fairmont Scottsdale in Arizona.

If you would like to make a donation to this "invitation only" event or would like an invitation, please contact me via email or my cell. This will be the event that everyone will talk about and is sure to be a terrific time had by all.

This was also posted previously for Katy, Tx (Harris County)

Terrific Fundraiser to be held in Katy, TX on Thursday, March 27th

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Tue, 18 Mar 2008 17:50:16 -0500

Once again, the Katy Team of Prudential Gary Greene and many local sponsors are bringing you the 2nd Annual Katy Sunshine Fest, to be held Thursday, March 27th from 4:00 to 8:30 PM at our Katy office location. Last year, we managed to raise over $ 10,000 and we hope to double that amount this year. The Sunshine Kids Foundation is a non-profit organization dedicated to children with cancer. Established in 1982 the Foundation is committed to providing quality group activities and emotional support for Kids who are receiving cancer treatment in hospitals across North America. Please visit www.Sunshinekids.org for more information about this incredible organization, which is the primary charity for Prudential Real Estate Affiliates nationwide.

We are offing a great raffle as well for a chance to win one of the following (need not be present to win):

A Colorado Condo escape package for 6 nights including airfare for 2.
A four night Carnival cruise to Mexico from Galveston.
A Golf and Spa week-end getaway for two to the Fairmont Scottsdale in Arizona.

How are Foreclosures Affecting Katy, TX?

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Fri, 07 Mar 2008 07:57:43 -0600

Our Houston market, and Katy in particular, is very strong and looks to be great for 2008. While we do have certain areas that have a higher than normal foreclosure rate, you will usually see a direct connection between the rate of foreclosures and the problem of overbuilding in the same area.

I feel that inexperienced developers and builders are very much a party to the foreclosure mess as they have continued to over-build in certain areas and allowed (encouraged, I should say) unqualified buyers to purchase homes using loan vehicles (ARM's, Balloon Notes, etc.) that the buyers could not afford then or now. This is exactly what has happened in the North Katy area, (North of Interstate 10) and has had a negative impact on appreciation and days on market for both new and resale homes.

Now, to see the effect of controlled growth, take a look at the South Katy Market (South of Interstate 10 and North of 1093), which remains very strong and has consistently been the hottest market in Houston. Why is that? Our well-known developers have built master planned communities with respected builders as opposed to throwing up a fence, building 100 identical boxes and calling it a "neighborhood". Drive the neighborhoods along Fry Road or Mason Road, both north and south of I-10 to see what I am talking about.

In the North Katy market (Area 25 and KISD schools only), today there are currently 75 Foreclosure properties listed on the HAR MLS, 13 of which are under contract, leaving 62 properties to compete against non-foreclosure resale homes. Compare that to the South Katy area with 30 Foreclosures listed, 5 under contract - leaving 25 foreclosure properties to compete in this market.

When I work with buyers in our area, I tell them that the neighborhood is as important, if not more important, than the property itself. I need to repeat that: The neighborhood is as important, if not more important, than the property itself.

This is why it is crucial to work with an experienced local Realtor when purchasing a home, one who knows the areas as well as the inventory. Otherwise, you may end up owning a lovely lemon.

www.ChristiBorden.com

Katy Sunshine Festival - March 27t

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Thu, 06 Mar 2008 23:34:40 -0600

Our Prudential Gary Greene office in Katy, Texas is holding our 2nd Annual Katy Sunshine Festival on Thursday, March 27th, 2008.

Last year, we had over 500 guests and raised over $ 10,000 for The Sunshine Kids Foundation. Please visit http://www.sunshinekids.org/for more information about this wonderful charity that benefits our local kids with cancer.

This year, we are offering a great Home and Style Show beginning at 4:00 p.m. The main event begins at 5:00 p.m. and runs through 8:30 p.m. During the main event, we will have a four great restaurants providing delicious food, a lively DJ as well as live entertainment, a professional live auction, a slient auction and fun door prizes as well as great adult beverages - all of which are happening under a HUGE 5,000 sq. ft. BIG TOP right in Katy, TX.

This terrific evening has been sponsored by Prudential Gary Greene, Realtors along with a great group of local businesses and is expected to be the event of the year in Katy. If you would like to sponsor this event or donate auction items or door prizes, please contact me. If you would like an invitation to this fun event, please email me at christ@christiborden.com or call me at 281-492-5984 and I will be glad to add you to our invitation list. You can also visit my web site http://www.christiborden.com/ to learn more about our Katy area and local events that might be of interest to you. I hope to see you there because if you miss it... well, you've missed it!!!

http://www.christiborden.com/

A Beginner's Guide - Part 2

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Thu, 06 Mar 2008 23:17:42 -0600

Okay, so you have chosen your Broker, now what?

The first and foremost thing to consider is whether you plan to have a hobby or a career?

Well, that seems to be a stupid comment, right? We all plan to get our license, send out our annoucements that we are in business and BAM, we are Top Producers - living the dream. Sure, it always works lke that. My comments go to those that view real estate as a business rather than something you try to get rich quick.

The difference between a hobby and career is simply treating your work like a business. And the first lesson most of us learn is realizing that a true business takes capital (MONEY) to get it going. If you are starting your real estate career without funding, you are going to have a very steep hilll to climb to not only make a name for yourself, but to convince the everyday consumer that you are worth the money you plan to charge. This is why so many new agents go the limited (discount) service route as they do not have the cash to properly market a home fully to charge a full commission for their services. If you cannot compete on service, then you I guess all you have to offer is price. Name any other successful business in the world that was started on zero capital. I am always amazed when I talk to students at the local real estate school that not only have little, if any, money to open their business, but they have nothing to live on while learning the ropes.

Next, TRAINING, is the name of the game. If you think that the classes you took to get your license prepares you to handle complex transactions in the real estate world, please run (don't walk) to the nearest attorney of law for protection. The licensing coursework is the bare minimum that an agent needs to hang their shingle but should always be seen as the beginning of a life-long pursuit of higher education. I always suggest that newbies earn their GRI their first year to get a good base upon which to build a successful real estate career. NEVER take the quickie online classes to cover your backside for CE points but actually take a class that is geared toward your desired niche or that will enhance your service to your client. I take fabulous classes yearly that not only interest me but add value to my business. I have never taken a class simply for the credits. What a waste of time and money. Does this not indicate a lower level of commitment from the agent to their career?

Finally, READ, READ and READ again every book about client service, real estate, inspiration, or anything that lifts your soul. The more you know, the better you are!!! I read every day and the only thing that takes away from my reading time is the time I now spend on ActiveRain. I hear, "I don't have time to read!". If you have time to watch TV, you have time to read. If some reality show is more important than learning more about running a business, then ... YOU ARE OUT OF BUSINESS.

www.ChristiBorden.com

Starting from Scratch... A Beginner's Guide Part 1

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Fri, 29 Feb 2008 22:41:46 -0600

I have spent a lot of time helping my manager recruit new agents for our office, not for compensation but to help bring in great new agents and to strengthen our team. I always am questioned on the type of brokerage model that they should follow. I offer the following advice:

Do you view yourself as an Entrepreneur or an Employee? Do you know the difference? If not, then you must read the this following book, the E-Myth by Micheal E. Gerber (see link to Amazon) http://www.amazon.com/E-Myth-Revisited-Small-Businesses-About/dp/0887307280/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1204345425&sr=8-1

This book follows the pathway from disgruntled employee with a skill to the pursuit of independence to almost certain failure due to the lack of ability to be a true entrepreneur (hence the "E" in the title) and then finally to success.

I have re-read this book many times and loaned it out so many times that I have multiple copies floating around at all times. Many new agents think that all you have to do is get your license and the money will come. They are rarely prepared to finance their new venture. Which is such a surprise to me as a business person as any true entrepreneur always lines up his financing before beginning the venture while most agents hit the road with very little money to fall back on, much less very little cash on hand for marketing themselves and their client's homes (the backbone of our business).

Another trap that many new agents fall into is the 100% commission business model that is so enticing in the beginning when they have no idea of the cost of overhead of a successful business. While the 100% method may work for some, most agents need to realize that by sharing the commission with their broker, they are sharing the overhead costs. When they contribute nothing back to their broker for overhead.... they generally get what they pay for.

As for going with an established Brand for a split fee or going with an unknown independant for no fee, I tell this story:

If you were planning to open a burger shop - you have a couple of choices. You can open a small no-name, one-man shop and get all of the proceeds or you can open a McDonald's and share in the profits. In the end, which do you think will net the most business and profits? I guess it depends on the service and quality of the product (you) but how long will it take to develop a following at a one-man stand versus a Mickey D's? Something to ponder...

This said, I am always available to help new agents and love to hear success stories. If any of you have a great read, please share as I LOVE anything that will add to my business and my life.

www.ChristiBorden.com

Texas Real Estate Update from the TAR Winter Meeting, Austin TX

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Wed, 27 Feb 2008 21:27:40 -0600

We had a terrific TAR (Texas Assoc. of Realtors) Winter Meeting held this past weekend in Austin, TX. For those of you who have never attended the bi-annual TAR event (both the Winter Meeting and the Convention), this is a terrific event for learning more about your profession, our economic forecast and the networking opportunities are endless. Where else can you meet the most dynamic Realtors from other areas who may one day be a terrific source of incoming and outgoing referrals.

One highlights of the event was hearing Tim Irvine, Administrator with TREC (Texas Real Estate Commission) speak at the Education Forum, who addressed many issues such as MCE course administration, on-line education and professional standards. This was a lively discussion that brought forth issues such as treating MCE students as adults and allowing them the freedom to take a call or leave the room for a short period of time while still maintaining the integrity of the course and test. Another issue brought up was the oversight (or lack thereof) by sponsoring Brokers over the multitude of agents that are basically paying a flat fee for sponsorship but are "on their own". Much was made about professional standards but in my opinion, nothing will be fixed until the Brokers' are held accountable for the many agents that they never see or train. Okay, off my soapbox... for now.

Another great item for the weekend was the yearly economic forecast delivered by Mark Doutzer of The Real Estate Center at Texas A&M. Mark is probably the only economist with a devilish wit and thoroughly entertained the standing room only crowd as well as covered a very important subject to all... the future of real estate in Texas. While I do not have his presentation at this time, you can probably download it from the web site: www.recenter.tamu.edu . This provides a wealth of information that all Realtors should access on a weekly basis.

We were also fortunate to have attended a TREPAC breakfast where the keynote speaker was Susan Combs, Texas State Comptroller, who was awarded the prestigious Legend Award from TAR for her extraordinary level of commitment to homeowners in our beloved State.

In closing, the TAR sponsored events are well worth your time and effort. The next event is in late September and will be held at the new Grand Hyatt along the Riverwalk in Sunny San Antonio. If anyone has questions about the event or needs more information, please feel free to contact me. I promise I will see you there as I would not miss it!

http://www.christiborden.com/

I currently serve as a TAR Board of Directors and on the International Task Force and the Education Faculty Committee.

Houston Livestock Show and Rodeo local Katy, TX events

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Fri, 22 Feb 2008 07:19:17 -0600

HOUSTON LIVESTOCK SHOW AND RODEO^TM HORSE SHOW EVENTS

LOCATION: GREAT SOUTHWEST EQUESTRIAN CENTER IN KATY

2501 South Mason Road, Katy TX 77450

281-578-7669

The 2008 Houston Livestock Show and Rodeo will hold the Appaloosa, Arabian and Half-Arabian, Palomino and Quarter horse speed event classes at the Great Southwest Equestrian Center in Katy, Texas.

Appaloosa, March 13-14

Arabian and Half-Arabian, March 11-12

Palomino, March 15-16

Quarter Horse Speed Events, March 12

The Great Southwest Equestrian Center has been serving the greater Houston community for over 20 years. We are an 80 acre multipurpose venue, specializing in hosting events and international horse shows. The GSWEC is a 501(c)(3) charity that benefits youth, supports education, and facilitates better agricultural practices through exhibitions and presentation. Since the Show's beginning in 1932, the Show has committed more than $200 million to the youth of Texas.

For complete horse show results and highlights, visit the Show's Web site at http://rs6.net/tn.jsp?e=001frWtT1okhKjvgbvmZ3RTdUXKZm5IFv2FhlNi8wtS8A2KBi0sqP2_NhzRJNvC2jVfNKrw0uzetB618Ka6OkNKM9Rm0zysMRBTEYz0adLU8bJxubRCYKPdoA==.

For more local events in and around Katy, TX, please visit the Events Calendar page on http://www.christiborden.com/ .

Katy, TX Real Estate - still hot after all these years!

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Thu, 21 Feb 2008 17:42:03 -0600

While good news regarding real estate is rare these days, Katy, TX is still a great place to relocate, especially the area known as South Katy (South of I-10 and East of Hwy 6). For those of you who have never heard of Katy, we are located just 20 miles west of Downtown Houston, TX along the Interstate 10 corridor.

One of the problems facing our seller's in the Katy, TX real estate market is that potential buyers are listening to the national media about the real estate woes and assuming that the entire nation is facing a slump. Not so for South Katy, TX - still the hottest real estate market in Houston.

One issue that I face over and over again, whether I am working for the seller or the buyer (I never do both, by the way... and that is another blog subject entirely) is the buyer comes in thinking that the home can be bought for a song and a dance without regard to comparable sales and the local market statistics. And when we try to educate our buyers, they tend to disregard our comments as another "sales pitch".

The national media is not helping the matter by painting the entire nation in turmoil when in fact, real estate is and always will be LOCAL. If you have someone considering our area, please note the market statistics below:

South Katy / Cinco Ranch Area 36

Katy's average sales price is $239,899 which is up by 5.72% over last year's $226,915. The median sales price for Katy currently stands at $210,000 and that is up from last year by 2.59%.
The Katy / Cinco Ranch area has 3.7 months of inventory which is a sellers' market and has increased from last year, which held 2.6 months of inventory. It takes an average of 74 days to sell a home in Katy and that is up from last year's 65 days.
The Katy area ranked #1 on the Houston Hotness Index because 14.8% of all of its listings went under contract in January 2008.
Katy's finest hour is yet to come as an estimated 4,000 employees will be transferring to jobs in the area this Spring, with an estimated 3,200 planning to make their home in Katy. Inventory will need to far exceed its present level to accommodate all that want to live there.

Just this week, I had buyers go head to head in multiple offers, which may not be happening in other areas of the nation. Our schools, strong job market and close proximity to the 4th largest city in the nation are all factors that have lead many buyers to choose Katy. If you would like more information about our wonderful area, please visit www.ChristiBorden.com and view my relocation page.

Christi Borden

Great Listing in Grand Lakes, Katy TX 77450

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Mon, 11 Feb 2008 18:55:49 -0600

22723 Shannon Falls Ct

22723 Shannon Falls Ct., Katy, TX 77450 View Map

You can stop your search! Ashton Woods Prescott floorplan offers 4 bedrooms (master down), 2.5 baths, formal dining, family room, large island kitchen with solid surface counters, wood floors in entry, dining and family room, tile in kitchen and bathrooms and carpeting throughout game room upstairs and bedrooms. Also, this property offers a large pool-sized yard situated on a cul-de-sac lot.

Details

Asking Price:

$226,000

MLS:

4393761

Sq. Feet:

2560

Bedrooms:

Bathrooms:

2.5

# of Floors:

HOA/Maintenance Fees:

$1,060

Garage Size:

Subdivision:

Grand Lakes

Year Built:

2000

Property Amenities

Contact Info

Christi Borden

Main 281-646-1136
Cell 832-372-7470
Dir 281-492-5984
Email | Website

Who needs a HOA anyway?

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Mon, 11 Feb 2008 18:22:26 -0600

If you live in the Katy/ West Houston Area, you do!

We have the dubious distinction of living in an area with basically no zoning restrictions. This means that you could potentially buy a nice tract of land, build a beautiful home and end of living next to a strip mall or trash dump, and literally watch the value of your property plummet with no recourse.

One of the ways that developers battle this lack of zoning is to create their own ordinances for their particular developments and have them governed by Home Owner Associations (HOA). Many of my out of town buyers come from areas that do not have this type of governance, because their former town/city takes care of zoning regulations so there tends to be confusion as to the purpose of the HOA.

The rules are put in place to make sure that not only do you act in accordance with the rules and regulations set out by the developer but that your neighbor does as well. While some feel that the rules can be a bit restrictive, the majority of homeowners in our area are appreciative of the outcome. Just drive through an area without such controls and you may even appreciate the little "nasty grams" we all receive when our home needs power washing or our trash cans are put out two days too early.

I have buyers requesting that I find them a home without HOA I am happy to help them with this, but want them to understand the ramifications of living in an area where every homeowner and tenant may do as they wish without consequence.

Of course, not all HOA's are created equal. Some do a terrific job of maintaining the common areas, keeping the pools clean, trimming the trees, and keeping the occasional errant neighbor in line. Take a drive through Cinco Ranch, Grand Lakes, Seven Meadows, Kelliwood, etc to see the impact of a strong HOA. Of course, the fees for these areas are higher but they offer more amenities to the residents and cost more money to maintain: pools, tennis courts, lake systems, walking trails, fountains, lush landscaping, etc. Usually, the fewer the amenities, the lower the HOA fees.

HOA fees in the South Katy Area run the gamut from $ 2400 a year for an exclusive, gated community of million dollar plus homes to $ 500 per year for smaller, independent communities. The average for master-planned communities in our area runs from $ 750 to $ 1200 per year.

A strong HOA can have a very positive impact on property value so this should be kept in mind when buying a property in our area. You should also request a copy of the deed restrictions and covenants when you make an offer so that you fully understand what will be expected of you as a homeowner. It is always painful to discover that you are prohibited from a particular activity after you close on the home, such as: parking your RV on you lot, cutting down the existing trees, or having numerous pets, etc. . These things are easily discoverable during the purchase process and can actually allow you to be released from the contract, if worded properly on the purchase agreement. A local Realtor, knowledgeable about the neighborhood and the area can help with that provision and guide you through the HOA issue.

So, who needs an HOA? You just might...

Go to http://www.christiborden.com/ to learn more about the Katy/West Houston Area and to request a Special Report or moving guide.

Renovate, update or simply wait?

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Sun, 10 Feb 2008 12:04:01 -0600

Your KatyBlogger:

I am constantly asked by friends, clients and neighbors about the need for renovations to their home and how this will impact their pocket book when and if they decide to sell.

In Katy/West Houston, Texas, our market is fast-moving and ever changing. Due to the availability of land and the low costs of home production, our resale homes are constantly being compared to new construction. Because of this I suggest the following:

If your home is older than 5 years, there is certainly some updating that would be of benefit to not only you and your family but to your future buyer as well, such as flooring, paint, landscaping, etc. At 10 years or more, you are looking at a pretty major kitchen and master bathroom renovation/update as these are the areas that today's builders are concentrating on to attract buyers.

While building styles may go in and out of fashion, these are items that you really cannot change so it is best to concentrate on those that you can.

Counter tops - What is "in" today? The biggest bang for your buck is to update your kitchen with solid surface counter tops. Even the entry level builder is including granite or quartz surfaces in their homes so your Formica or older Corian style counters will scream "Update me, please". Be sure to update your back-splash at the same time - again, visiting model homes will demonstrate materials and styles in vogue today.
Appliances - At age 10, your dishwasher, stove top, ovens and microwave have certainly outlived their normal life expectancy and could use a much deserved rest. While the nation is fascinated with Stainless Steel, all black or all white are still viable choices.
Cabinetry - If you have solid wood cabinets, why not consider painting or re-staining as well as replacing the old hardware for a fresh new look. If you have typical builder grade cabinetry, you may be in need for replacement - depending on the condition and style.
Floors - Tile flooring is the material of choice while wood or laminate wood products are popular as well. Vinyl... not in today's world.
Fixtures - Go visit model homes to see what is being used today. If you still have shiny gold fixtures, you are in need of an update.

If you have specific questions, ask a Realtor in your area as they know exactly what is in demand from buyers and how your planned renovation can impact your future sales price. Also, some renovations can hurt your property value so check with your Realtor first before you begin your project.

www.ChristiBorden.com

Pulpwood Queens Katy Chapter - February book selection and review

Christi Borden, CIPS, ABR, GRI (Prudential Gary Greene, Realtors) — Fri, 08 Feb 2008 16:26:25 -0600

We started off our new year as an official book club and began our journey by selecting the memoir written by the Pulpwood Queens' founder, Kathy L. Patrick.

The nice thing about this book is that all of our members have met and gotten to know the author so it was a pleasure to read her book and enjoy her first publication. We felt the characters were well fleshed out and that the writer's compassion and heart felt love for them was apparent through the pages. Kathy's description of her adopted home town of Jefferson, TX was spot on and highlighted the joys of small town living.

This was a great book that got our group delving into pretty deep discussions ranging from our relationships with our mothers, friends and our community. This is my first book club although I am an avid reader (more books and less tv for me) and I can already see the advantage to sitting around with friends you love and learning more about their perspective of not only the book selected but life in general.

While the content is fairly lighthearted, it does have very deep moments and makes you appreciate all that Mrs. Patrick and her family have been through to get to where she is today. If anyone every wanted to write a book, they need to meet Kathy. She is an inspiration to the author hiding in all of us and you can learn more about her at www.beautyandthebook.com .

Next month we will read "A Model Summer" by Paulina Poriskova. We have the pleasure of meeting and hearing Paulina introduce her book at the annual Girlfriend's Weekend held in Jefferson several weeks ago and we cannot wait to dive into this juicy novel that "while purportedly not based on Paulina's own experiences as a teen model in Paris", the author does know her subject well.

'Til then... happy reading.