Kenn Renner's (kennrenner) Blog

Unlimited Video Workshop Video Creation & Marketing Workshop Improve Your Business -- Sell More Homes Friday, May 27th, 2011 9 AM to 4 PM Keller Williams Lake Travis Market Center 1921 Lohman’s Crossing, Austin, TX 78734 Video is HUGE and is the best unique selling proposition to market real est...

Less than a month’s supply of rental homes in many areas of town is causing rents to increase in this landlord’s market. As more and more people move to the Austin TX area, the housing supply is quickly diminishing. The decreased amount of new homes being built due to recent economic conditions i...

REO’s are houses that have been taken back by the bank through foreclosure. If no bidder purchases the home at the auction, the bank will be the winning bidder. They will assign the house to the “REO” department. REO stands for “Real Estate Owned.” The REO department will assess the home, apprais...

If the house does not sell pre-foreclosure or short sale, the house will be sold at auction on the courthouse steps. At the court house, their will be an opening price, usually the amount to cover the bank balance and accrued expenses. The house will be bid on by potential buyers until there is a...

If an owner has a lot of equity, they can usually avoid foreclosure by just reducing the price enough to garner a quick sale. The problem comes when the loan amount is too high compared to the value. The owner is “upside down” meaning they owe more than it will take to cover the expenses of the s...

When a home owner starts to have financial difficulties, the owners will usually start to get behind on their unsecured (credit card) debt. There are a multitude of reasons why people get behind. Job loss, medical problems, marital problems, etc. They let their credit cards go delinquent first bu...

Today’s real estate market offers a multitude of opportunities to capitalize on the over exuberance of past years. There are tens of thousands of homes that have been foreclosed upon or are headed towards that possibility. These homes can be a great opportunity in the market but you are wise to c...

I once had a client who was having a home built with red brick and white mortar. The day they installed the brick it had rained and the white mortar turned pink. My client was upset so we called the builder to fix it. The superintendent couldn’t do anything about it so we called his boss, the pro...

Once your new home is complete you will do a walkthrough and orientation several days before closing. You will meet the superintendent or a warranty manager and they will give you a tour of your home. They will explain all the functions of your home and how to operate all the appliances and mecha...

It is recommend that you get an inspection on a new home. This will be done around the time of your final walkthroughs. Your inspector will want to wait until the home is complete and all utilities are turned on before doing the inspection. You do not want to wait until the very last minute befor...