Ring home alarm system, we’re going to give you a quick overview of how that works, how it’s on wi fi. We’re going to talk about that and we’re going to see, is the system ready for prime time? Should I be installing this in my home? What if I have an existing home?

What if I’m considering building a new home from scratch? Is this something I would do? So we’re going to go ahead and share the screen with you guys and go over a little bit as it relates to this. Ok? So Ring is an Amazon company. It’s owned by them. They purchased them several years ago and have incorporated in here. And this device here is the hub for the ring system. So that’s where the things kind of all connect throat.

And then what we’re going to see is there’s a bunch of different items within the ring system, how they have a whole plan associated with it, how it actually Amazon also bought Eero Pro and has the WI. So this actually has the router 6.0 built into it. There’s a price for just buying that device there, and then there’s the keypad that goes along with it. Now this keypad does not go on your wall.

It’s a keypad that’s wireless in general. And then there’s options on if you can buy this and you can use it and how many you need. And like, what other setups do you have and like alarm glass breakage and all types of different things that come along with it? Ok. So I put in a second link there, I think within. No, no, not within this topic. So I’m going to just keep going down through here.

So if we look at and we took an example of the one ninety nine. Ok, and we kind of pulled that one up there. The One Ninety Nine has the base station, which all the information goes through. And then what it also has is the keypad. So you can set this, you could talk through it with like Alexa and you’d be like Alexa, set my alarm or you could walk up and push this. But this is not going to go physically. It could go on your wall, but it’s not going to retrofit and use.

Probably if you have an existing home, it wouldn’t use the sensors that are in your current home that are currently wired to it. It is going to have the opportunity for some contact sensors. The contact sensors are going to be put in the windows so that when it moves or opens or when a door opens, then you could still get that chime or that notification that would go on as those items separate.

The only thing that I don’t particularly like about that is that these are going to require batteries at some point to continue to operate if Wi-Fi fails or still some connectivity between these items that I’m not totally, totally comfortable with. And then there’s a listener. So the listener is that device that is going to see if there’s something going on.

So it would hear if there is an alarm that goes off in your home like a smoke alarm or carbon monoxide detector. So what it would do is send it, hears the alarm and then it sends this notification to the system to alert you on your phone that something’s going on or to alert the security company that there’s currently a fire at your home. So that allows it to kind of be monitored for the alarm system.

This is all over Wi-Fi. This would probably be best if you’re building a new home from scratch to use a system like this. Ok, so those are kind of the pros and cons of it. I think it’s a good system and I like where the technology is going. I, however, would kind of caution that not just Wi-Fi fails from time to time. I think there needs to be a couple of redundancies built in, and I’m still, for several things, being hardwired, most specifically the contact sensors and what that’s going to do is it’s going to bring us to the next episode.

So that’s kind of a tease for that. You have to watch the next episode on converting your old alarm to a new one to create the ultimate hybrid system for your alarm system to be monitored or not monitored for yourself using Ring. I think the system’s ready as long as you use a hybrid one. Let’s take a look.

Ladies and gentlemen, multiple offers, multiple offers galore and the pressures it creates. We’re going to look at it from the agent side, from the client side, whether they’re a buyer or a seller.

We’re going to totally discuss it from a bunch of angles with luxury real estate broker Shana Acquisto. Nice to see you. Nice to see you. All right. So multiple offers are all over the place already.

Yes, they are. And what I want to stress to you as an agent is how you handle them with your client. So I’m seeing a lot of different things. I’m seeing people, you know, posting on their social media that, hey, we you know, whether you’re listing agent or buyer’s agent from a listing standpoint, hey, we had one hundred and fifty offers.

You know, just think about how that all of your posts are perceived from the public. You know, we want people to value us as a realtor. We want them to feel like they need us. They need us to go through that process with them. So we don’t want it to sound easy because it’s not, you know, it is not an easy process.

It’s very stressful for imagine how hard it is to actually manage that. So there’s different opportunities to speak about that, for sure. Yeah. And now imagine how that looks. So just play that one post forward, right? So imagine you post out one hundred and fifty offers on this property.

Yeah, I’m amazing. Look at me. Look at me. And then you post six days later back on the market. And it’s like, What? How did that happen? I don’t know. You picked the wrong one out of the one hundred and fifty.

Yeah, so really a suggestion is maybe tell the story of what happened, what is happening behind the scenes that people don’t necessarily see, but tell the story of how you are actually helping navigate through that. Hey, we had a ton of offers, but here’s what we did, and we ended up, you know, a positive result is X.

So just I think how you tell that story is going to resonate with people instead of seeing that and being like, well, I can list my home myself. Why would I? Why would I need them if they can? Just if you know, all of a sudden we’re getting tons of offers, why do I need a realtor? Well, we all know why they need us. Let’s just make sure we’re relaying that information properly so they perceive us.

So from your client’s standpoint, so you, as the agent, have put in ten offers and they have not been accepted, right? And you see your client, they’re becoming very weary of this process and they’re going to, you know, tap the brakes.

And they’re going to start submitting offers on like they’re going to take a couple of actions, right? Like tap the brakes or submit offers blindly on anything. And just like hope, it works. And so you can see that happening all over the place. Did the people even see the property when they’re submitting offers in most cases, right?

You know, I think a lot of people would prefer their buyers to have seen in person the property. You know, we’re doing a lot of walkthrough videos with with people to show them the homes because they can’t get there fast enough. And I understand that that we have to do that. But you know, you want to you want to make sure that you as a listing agent, you choose the right one and you have a process for handling them, right?

Just showing off the house, nice house. It is nice, probably in multiple offers in my guess.

Probably.

But you know, you have to set those expectations with your client up front. You know, you have to let them know that you may go through 10, but don’t give up because here’s the thing there’s a, you know, talk of interest rates rising. When is it going to change?

It’s not going to all of a sudden the light switch click off and we go back to normal. There’s not a normal right. This is where we are in the market. This is how it is, and it’s going to be this way for the foreseeable future.

So rather than be upset about it or any one of those things, I think it’s all a mindset. So consider this consider b

Hey, NTREIS, you’re converting from RETS to RESO. So it’s been quite a while in coming, right, so this is moving from one standard, the old API standard to the new one. And there’s a lot more fields. There’s some information we’re going to share.

We do have a document to go over that is Shauna. She’s going to be helping us explain some of these items that Mitrice has going on. I think it’s far, far overdue.

It’s way Overdue. We’re going to get to it right now. So let’s share this document. Have some discussions.

So we’ve been going through some beta testing because any time you make a conversion, there’s some hiccups along the way. So there were some functions that weren’t working when you were inputting a listing or when you were searching.

And you know, it could still happen when they roll it out. So it’s important to get some feedback from you guys. And I’m going to say that anything, not just this, but anything that you see when you’re searching or you think could be beneficial to you or a client through our MLS, please let me know.

I am on the MLS committee and I’m in leadership and I would love to bring all of these things, which I am, but I would love to have you guys a part of it and get your input so we can maybe make some changes because it is long overdue. They have a new data dictionary that’s a standard that is used all across the country that we have to, that we have to make sure that our system, you know, complies with. So it works.

But yeah, so these are some of the different items that have been updated or added. There’s now significantly more fields. Yeah, and it’s kind of like this new nationwide thing. It’s a much better database. Yeah, it’s more updated and it functions quicker. There’s a lot of super positives about it. I don’t want to get totally into the weeds Now, but there are some things that we’re really irrelevant before, and they brought in some new things.

We talked before about the bathrooms and how they’re going to separate them, and they’re going to have a total bath number. But it will be broken down so you can see how many full baths and how many half baths. But before it would just say like two point one and one being the half bath. And it was a little confusing, I think, for people and the consumers.

So we are that’s one of the changes that they’ve made. And if there is two half baths, it would be zero point two. Is that how it used to be? Yeah. Ok, yeah. I actually like that myself. I understand what it is, but I could understand how the consumer might not.

But now it’s going to be. So if you have, for example, three bedroom, two half baths, right, it’s going to be total baths is five and then below it, it’s going to break down. How many are full and how many are haves? So I think it’s better, actually. Mm hmm.

I didn’t. I mean, in the beginning, they were just telling us that it was just going to be a whole number, and that was a little confusing.

But so I I would say there’s going to be quite a few challenges with this because the API really wasn’t even available for us to test. We tried to put it in. Yeah, and it wasn’t working as of like just the other day. So it’s supposed to go into effect next month, I believe, but this has been like three years, we can’t even test it fully yet, and we can’t implement it.

So I don’t know. I bet there’s going to be a lot of different websites out there that kind of break, hopefully because of this, if you’re not totally, totally on top of it at the last minute, it kind of feels weird. We should really be able to have been testing this for a long time and implemented it already.

They’re still in beta testing. And there’s, you know, I’ve been looking at it. There’s a lot of the releases they’ve updated how the leases are done. I’ve seen that be a big change. But yeah, you guys may not even notice, but I bet you do. Hmm.

Well, if anyone’s keeping track at home, this is coffee number three for me already this morning. And these are pretty

Build to rent communities. Otherwise known as BTR.

Are they hurting home ownership? Yes, they are. What is going on with them? Why are they popping up everywhere? Is it profitable? Should you be doing it?

Do you want to buy into one? What’s going on? We’re going to have to discuss that and more. We have a supporting article that we’re going to go ahead and put up here and we’re going to talk about it just a little bit.

Yeah. So tell us what these are. You know, we’ve talked about them before, but refresh our memory on what the beaters are. You guys might start hearing them.

So that’s a crazy picture you see right there. I don’t even know what the heck that is, but it’s build to rent, meaning that the builders are going in and putting in a whole neighborhood with the whole idea of building them and not selling them, but renting them and collecting the cash flows, the monthly cash flows for the rent and selling this as a collective group, a much larger sale to somebody else, right to some investment firm or managing this income as it comes in and holding the whole property. The whole community. Right. Is a is a package, a portfolio for later on.

Are they doing this because the prices have skyrocketed and maybe they’ve lost money? What is the appeal? I know it’s an appeal to investors.

Yeah, no, it’s a money thing for sure. And it’s also kind of a control thing. So let’s look at it from that perspective. If all of a sudden you have and as we scroll down, we can see some different things that’s going on all over the country.

You can see the names of the communities. You can see that it’s skyrocketing and how many of them are going on. You can see that there’s new home builders that are getting involved and you can see the names of the builders. Yeah. Taylor Morrison jumping into it.

I think I was. Tell reporters is what they are. No, a bunch of ones locally are starting to move to this. Right. So this is a model that is definitely, definitely coming. Wow. But why is it happening?

So think through if things are if there’s supply issues and you can’t get certain things right and somebody is super picky and like a one off, like I really need blank whatever it is, this refrigerator, this, you know, this cabinet that but there’s substitute items that could be used for it. So when you have a super picky person, it caused a lot of problems. But overall, if you’re putting together 300 units.

Then when people don’t have a choice, it doesn’t matter when they have a choice, yes matters.

So they’re making all the choices for them. So everything’s getting done. You’re like, We don’t have that colour. We don’t have that material. Fine, make a substitution done, move on. And they’re not having to deal with that. So they don’t have to deal with 300 buyers that are super picky about their home. Right.

That it has to be perfect. They just fly through them and put them in and make some kind of, you know, a lot quicker. Yeah. And so now they don’t have to worry about that. They’re worried about price and worried about getting it done on time and putting the whole community together so they can go super fast.

Very similar. There was a community in Long Island that kind of started this. I think it was 11 town where they just like went through and put up home after home after home. And that was in Long Island, the initial start of the suburb, after people came back from from the war. And this is almost the same thing, except they’re not for purchase, they’re made for lease.

But they’re they tend to be more of a luxury product. Yeah, well, I mean, that’s what depends.

Well, let’s look right here. So yes, in the way that a Cheney unit is a luxury apartment, then these homes, these luxury these are luxury homes as well. The company estimates that it can build each home for 65,000.

Yeah. Or about 160,000.Probably not going to have the bells and whistles.

Well, so maybe luxury and whatever. But they’re trying to sell them. Right, and tryi

What is best for the neighborhood in real estate? How does that conflict with homeowner property rights? The two could be in conflict from time to time when it comes to things like Airbnb, VRBO, Short, any type of long term rental, short term rental use of your property in unique ways, right?

Or solar panels or, you know, business uses of your property there. So let’s kind of talk about from a neighborhood perspective what you would probably want to see and.

How it varies for everyone. But it goes back to I think you should be able to utilize your property for what you want and if it’s rental or whatever. And as long as those activities are managed, you know, there’s an aesthetics and then there’s, you know, well, a lot of it is aesthetics, right? That we want. We don’t want deals.

Yeah. And how it feels because that maintains everyone’s value.

So just because it jumps up just a little bit, right? Because individually you have a price in a way that you want to protect. But the neighborhood is now a conglomeration of ten, 20, 50 to 100 hundreds of homes, and they are looking out for the greater good of the collective unit as a community. Yeah. And they want to restrict certain things to protect everybody. Yeah. And it can be in conflict.

It could you know, you talked about solar panels like some people, I want to have solar panels and then, you know, how does it look? So those are in conflict. But, you know, here are some things that happen that I think are the negative of that. So say our neighbor over there decides that they want a bright pink door. Bright pink door.

And the highway. All of a sudden it’s like now you can’t have that just because that one person doesn’t like it. So there is a benefit to having an air way and you have all these things in writing. But say that particular item isn’t in writing and it doesn’t exist in your covenants, then they can’t force you to do something just because it’s one person doesn’t like it, you know what I mean?

So you have you know, a lot of people don’t they’re not, you know, proponents of HOAs. But I think that they do, as long as they’re managed properly, which involves the way that can be managed properly, is one now they have to to the new homeowner HOA laws. But for all the community to get involved and show up, you know, we’ve shown up at our HOA meetings and there’s been two people.

So if you don’t show up, you know, you’re not going to be in the know, you’re not going to know what’s going on and it’s a problem. So these exist for a reason. If somebody tells you you’ve got to trim your hedges and you see the neighbor doesn’t have their hedges trimmed, look in your yard or your covenants and see if that exists.

Right. So, you know, I think that their everything is intended and those houses are intended, you know, to to maintain and help your values as a homeowner.

Yeah. From what society has kind of judged to be the correct thing because when you talked about the pink door, wouldn’t it be interesting? I like yeah, it might.

I might like to think, you know, oddly enough, it might be a great idea. But what if the HOA said nobody can have the same color door and they all have to be different color doors? Yeah. Why is that not a style? Why did society vote that everybody shouldn’t have a different color door?

And then you could say, Oh yeah, the guy with the yellow door, the guy with the green door, the blue door. And you would know which house you’re talking.

About and then know maybe those those covenants are all of. Voted on right by the by the community. So, you know, I think to protect one thing to protect your your your property is having an HOA.

So we’re going to do a live test of that. Shauna, do you think it’s a good idea maybe at Wendy Farms that we restrict it that no one can have the same door color and everyone has to have a unique door color? No, no, that’s not happening.

I just don’t see that. Wow. We just did a live test and now. They know.

Have the

Amazon vs construction industry. So we’re going to talk about what this means. Right. And how they’re in conflict and how. Oddly enough, I’m going to try to display to you a connection between Amazon jobs and the construction industry.

And I think I talked about this just the other day that most younger people like when was the last time that you talked to somebody and they said, I want to grow up and become a and fill in one of these different. Yeah. Like who was like, I want to work on a construction site, right?

Who wanted to go into any type of construction. And the answer is it’s, it’s an ever decreasing amount of people, but yet somebody has to kind of do this.

And then it’s pretty fascinating. We’re kind of involved in it now, so it’s kind of cool.

Yeah, but in society though, we get a whole group of people that end up having to make a choice because they didn’t like just the way things worked out for them. And then what I’ve heard a lot of people talk about recently is when they’re accepting this job, they get excited, oddly enough, to go work in a warehouse with Amazon.

Is it the name? Like a name?

So that’s what I’m kind of asking you. Here it is. It the name? Is it the fact that it’s indoors? Is it marketing it? Amazon’s done the pay is often dramatically as good as Amazon pays. Yeah, the construction industry is currently paying more.

Is it because you’d have to sweat in one versus the other? Is it socially acceptable to work in an Amazon warehouse versus to be a roofer?

And how the difference between the two. Isn’t it really weird?

Yeah. But you know, what is really weird about it is all of those trades in the construction industry are skilled professions. Like they’re skilled like you. I mean, you can’t just go and have somebody start framing.

Just this last week I heard of two different people that were extremely excited to start a new job at Amazon in the warehouse. Really. Yeah. But they were not, would never consider the construction industry.

Maybe it is outdoor. I don’t know. Maybe it just has that stigma of it has a cachet to go work for Amazon even if you’re making dramatically less in society is said yes and society has said no.

Because it’s popular versus non.

It’s really, really weird. It’s funny even if you’re not following the money, how all of a sudden accepting that an Amazon pays great for the job that it is, right? But there’s other jobs that pay dramatically more and people are voting no. So what does that come back to?

Real estate is we’re going to continue to have a housing shortage, correct? Because people won’t do that. They will accept less to do something that is like in vogue. I guess if working at Amazon and a warehouse is in vogue for that specific type age generation.

We talked a lot about how that whole like, I guess what do you call it, trade like when you go to school for.

You know, those type of trade.

School, trade school. I mean, those jobs are necessary and they’re paying a lot of money. So why is that? Maybe more and more people will get into it now. Maybe maybe this will you know.

Maybe this article right here is really where it’s going to all change and the youth are going to change their mind on one of those things. Yeah. But right now they’re currently voting Amazon in that is a real estate problem. House prices.

It is a real estate continue to go up and it’ll only be exacerbated because of Amazon. And we also heard this morning that there are two jobs for every person looking for a job.

So that’s a true fact as of today, 330, 22 two jobs for every one person looking for it here in the US of a.

So we went through the craziest crisis of our life, the pandemic. And that’s where we are. Yes, we are crazy. We’re done. Amazon, it’s on you.

Homeowner property rights. That’s Shana. I’m Mike. We’re going to talk about this right now from an owner’s perspective, if you own property, what are your rights and what do you want? Right. We’re going to talk about highest and best use. We’re going to talk about freedom to choose what you want to do with your home individually.

And maybe there’s some negatives that come from this. And it doesn’t always parallel what’s best for the neighborhood and what’s best for you as the homeowner. Some of this goes into Airbnb, some of it goes into commercial versus residential. There’s a bunch of different places where this kind of leads.

And you can’t think of you in looking at these things as an individual because, you know, is everyone going to conform to the same standards that you have?

So so go ahead and talk about anything that you’d like to. Wherever you want. One, we as realtors, that’s what we fight for is to protect property owner rights. Right. So if you talk about the highest and best use, you should be able to enjoy your home, you know, and not be deprived of that enjoyment of your home. So, you know, what does that entail financially?

Right. Is that what you can do there? There’s a ton of different things, right. So there’s different restrictions that are put upon property, right. By municipalities, whomever they happen to be for zoning, for regulations and on those properties. And it reduces what you can do with your property.

And there’s property rights that would be above the surface that are in like space. Then their surface rights, their subsurface rights, there’s what you can do as far as releasing things, as far as building on it and different. And realtors, you guys fight to be able to maximize this.

Yeah, right. The best use the highest and best use. So if we kind of look at that and we understand. Right, that that’s what we’re fighting for, sometimes it’s in direct conflict with what your neighbor might want to do because you want to do this right.

You may want chickens or ducks. And that would interfere with your neighbors use of the property. Totally separate topic of what’s best for the Neighborhood, right? Right.

Yeah, but just about what’s the highest and best use for you. You would probably want to be able to maximize it, to be able to put up a ten story building, if that’s what you wanted to put in a hotel. But that’s not really possible on every single property. No, but you want to restrict these in certain places.

But property rights says that you’re going to fight, that this person can do whatever they want the property to benefit and to benefit. Yes. And if you do things like that or allow things like that, then that diminishes the value of the other property. So I think the highest and best use, you should enjoy your property and you know, you don’t want to do something that’s going to adversely affect the value.

And this is where it goes into all different types of things, whether it happens to be solar or solar panels on the roof and how that aesthetically looks right and how it is financially, it’s going to be different and the same type of thing. When you talk about just every different type of way, you can use your house, not just from from solar, but all the way across.

Well, solar is a big one right now. And Airbnb. Yeah, is it was the second one I was mentally trying to think and I lost it. So short term rentals, you know, does it benefit you? Sure, it probably does. But does it benefit the neighborhood and protect your value?

What about renting it long term? We we see a lot of battles there right now. So property owner rights says that you should be able to rent your home out if something comes up, right? Yeah. And there’s all these different things and you should be able to run out of portion of it or your your adu.

Right. And how big can that be? And the property owner. Right. Says that you should be able to do all of those things. It basically should be yes is the answer. Ye

HOA reform 2.0. That’s Shana Acquisto, she’s a luxury real estate broker. And these are some of the things that she lobbies for. These are things that when you get involved that you get to make a difference on. And there’s a lot of great people that have really put in some serious effort behind this.

Right. And we’re going to be talking about not only the people, but the process and how it works. We’re going to show you a Web links. We’re going to share documents with you. And we’re going to discuss several topics all within that.

Here in just a sec. Reform. Yes. So we’ll get started on, as you know. Last year was huge. Texas realtors across the whole state fought, you know, and brought all of these issues to the legislators about how and how we need to create more of a transparency out there. I mean, there were a lot of things from transfer fees to, you know, how they’re dealing with rentals and everything in between.

So it passed. So the new reform for transparency was passed last year. And what we want to do is pull this over on Carr and just remind you guys of some of the things that you as realtors, you know, we’re responsible for. So the fees, the resale certificate fees were capped at 375. And, you know, to update a resale certificate was $75. So that is a big one right there.

They track, they don’t regulate, but they created a website that will show later. But they created a website for all the who was who. They have to upload their certificates to this website. So we have one database with all the highways so we can easily find what’s going on in those areas. You know, there are several on here. I want you guys to to take this and and have it so, you know, oops, false alarm.

So, you know, kind of the things that were passed in the initial reform. So I think this is great for transparency. I think it helps all of us. And, you know, one thing that, you know, the transfer fees were huge and they still exist, but at least you’re going to know what they are in advance. Right?

So if you’re selling a home in an air way, you need to go to this database and you need to search and know what you’re getting, what your buyer is getting involved in prior.

You know, if you know something that is really specific for their use of the property, then you should probably encourage them to look at that in advance. You don’t want to wait until later, so how can you help? Well, there is a website called MyHoyastory.com and this is how we can hold the was accountable. So as we know there’s there’s always ways around the rules right and people tend to find them. So what is really important and this is what you guys would do well yeah.

Is if you know or hear of something that’s going on within highways, then you are encouraged to please go in here and tell the story. If we don’t tell the story and we don’t, you know, share this information, then we don’t know that a problem exists. It’s the same in our industry, you know, and I’m just kind of sidebar this for a minute.

If you are constantly banging your head against a wall because this agent is doing this or nobody’s disclosing this or, you know, whatever is going on out there and you continue to argue and argue and and go crazy over it. If you’re just telling me, that’s fine. That’s one person. But you should file a complaint. If you keep going through the same issues over and over, it’s your responsibility.

If you don’t complain or file a complaint or do something about it, then you shouldn’t complain about it anymore. Right? There’s avenues for us to to be able to to share in and hopefully get answers.

But so let’s we’re going to take each of these links and chat him in. So you guys all have them. We’ll give you the initial one, this one, and then there’s one more. So those will be coming in the chat so you can access them all on your own, right? You’ll be able to see them.

So this my HOA story. com. So you guys can go in there as realtors and share a story you can encourage and

Highway 380. It’s called a bypass. And universally I wonder, myself included, if it’s really bypassing anything, what we’re doing and what the heck is going on with that road. All the creativity is creativity. Good thing when it comes to road construction, I don’t know what report you’re going to decide. We’re going to show some stuff here and kind of walk you through it and discuss it and give you updates.

So originally, years ago, I don’t know how long this has been going on 5 years. Forever, I don’t know. But originally there’s a lot of congestion in the downtown McKinney area from Princeton to like 75. So there’s a lot of accidents, as we know that’s on 380.

So the idea was to bypass the downtown area and get back on. But I think it’s kind of expanded beyond that now and they’re trying all these different ways to go around problematic areas. But I don’t know. I don’t know if they’re really solving a problem or just they’re not.

So I have a suggestion. Okay. So I want to loop. I want no, no, listen. So I want to loop around 75 and 380, that whole intersection in 121 and 121 and 75 just to circle around that whole area. It just goes around in a circle. And when you get close to those roads.

It belt line loop. I don’t know just around all of that area, there’s just so much traffic congestion there that if you put a loop around that whole area and it was like just a circle and you can get on and go around that circle wherever you want, it would alleviate the traffic at those core spots.

There’s like four core spots right there. Right. And it would alleviate all of it and it would do what you want to do.

But instead they want to, like, disrupt all these neighborhoods and commercial, you know, businesses that have recently gone in that now have to be demolished. I mean, it’s it’s super expensive.

So that was my suggestion. I don’t like to go into anything and be negative about it without a suggestion. So that’s my suggestion for improvement. Okay. If we go ahead and take a look at that, I think you’d see that that would actually be a pretty good idea.

So we have a hunch that the design and what they plan to do is already been, you know, kind of agreed upon. But they’re going through these motions of the latest is after the feasibility study, the proposed improvements from the meeting just recently, March 22nd.

So we’ve got this pulled up and, you know, there’s a controversy of does it come through? Prosper and Prosper is really fighting this hard. You know, it was Tucker Hill. Tucker Hill was fighting it hard. So from both sides, east and west, it’s really causing a lot of stress for a lot of homeowners.

I mean, so full disclosure, we do have a vested interest in this and it is to keep the stuff away from Walnut Grove and what’s going on here.

And to, you know, we have future real estate developments going on in here. So we would prefer to see this area uninterrupted. But then you look at it and step back from an overall perspective and you’re like, what? The world is really going on here because it’s just some real, real craziness.

And let me just make a statement that you should not just sit back and see, you know, and what’s happening and talk about it. You should get involved. Right? This is a good example. We were there at this meeting and talking with they had all the different engineers there discussing different segments of the 380 proposal. And one of them, they had really nice large photos out showing exactly how it was going to happen.

And I notice there were a lot of things that had come in since this whole bypass started. And I asked the engineer, I said, Wow, you guys wait. Looking at this, this isn’t here. This neighborhood isn’t even here. And he goes, Yeah, it’s really difficult for us to keep up with what’s going on and how how fast they’re building.

And I thought, man, don’t you guys have a drone to, like, fly over and do a photo of the most recent? I mean, this is like five years ago. So it was

Texas Realtors 360 Real Insights Regional Meeting with Shana Aquistoo, a luxury real estate broker CCAR you’re the vice the president and waiting vice president elect these titles.

Elect president elect. I need to be better about that because it is a great title. Thank you for your service. I appreciate that. And let’s go ahead and discuss what went on just the other day. Yeah.

So a lot of good takeaways from this meeting and what it was the Texas Realtors leadership was there and just sharing some things that are going on and some hot topics with us. And we had open discussions about it to understand how important it was to realtors that they, you know, push harder on these topics to get some changes made. So I’m going to have Omar pull over this.

This is one thing that I want you guys to never underestimate is the Texas realtor. Texas real estate com website. There is a home buyers and sellers report that we’re going to chat in with you guys. But this link, it gives you lots of great information. There’s a relocation packet that you can download.

There’s lots of great information there that I think will help you in your business and for you as a realtor to just know the different stats. And you know, it really opened my eyes to how strong our market really is compared to other parts of the country and how so many people are moving here.

And it’s all things that maybe we know. But, you know, it’s good to have it in a form that you can you can share with your clients. I thought it was really good. So you can go there and there’s other information and surveys that you can download from here.

You can see quarterly housing report, the market viewer, small land sales report. I mean, there’s a lot of different things, international condos and it just breaks it down. So I thought I wanted to share that with you so you knew where it was. So you have that as a resource to go and look for great information. I like the stats. I like to share all I think it it resonates with people.

And so there you go. The next thing we talked about were appraisals and we’ve talked about it on TNT a couple of times. But how now there’s going to be as of April 1st, desktop appraisals are going to be allowed only with Freddie Freddie Mac loans right now. So they’re government loans, but not all government loans are Freddie Mac. So it’s not all loans that are going to be going through this. But what that means is you can basically have someone else, an assistant who’s not licensed, go in and do your measurements for you.

You know, the realtor could do it. Anybody could do it and submit it back to the appraiser to get to get done in the report. I don’t like that. I mean, licensed appraisers have to be licensed. So the couple of things that were discussed were who’s going to be how are you vetting these people that are coming in in the home if they don’t have to be licensed? You know, and just anybody can go in and do a measurement, is that violating safety for a homeowner? You know how that’s going to work.

So it’s really important that we know who is doing the appraisal and just be aware of what measurement is being done. And if a different measurement is being done, then there’s different addendums and disclosures that we have to make sure that we provide information from other sources is one, we’re getting information on measurements and square footage from another source.

So we’ll talk about that in more detail and I’ll get with Stacy on that. The other thing I learned was, and I didn’t know this, you guys may know this, that anything under ceiling height, under seven feet is not counted in your square footage. So I think in our pantry. Right, it kind of slants down. So that’s that area wouldn’t be counted as square footage in the back.

So it just kind of cuts it off when it becomes less than seven feet. So if you have bedrooms or rooms within your home that have like unique ceiling heights, maybe a slope ceiling, you know, just be aware that