Our Team is Growing! Help us Welcome Zane!

Just this past week Hancock welcomed a new team member into our fold. Zane Koltermann was hired as an all-around office assistant and looks to be a very valuable addition to our staff. Zane’s immediate duties will include administrative tasks associated with home inspections in Austin / San Marcos as well as New Braunfels / San Antonio offices.  Coordinating office and field personnel will be a priority.

Zane will also have phone duties, so don’t be surprised when you hear a new voice the next time you call!

We are very excited to have Zane on board!

A Peaceful Home Buying Experience

Hancock’s Guide to a Great Home Inspection

 

“Will the house pass the inspection??” is a very common question I get from prospective home buyers. These folks are usually in the very center of the stress-filled cyclone that is the typical home buying process.

It does not have to be this way.

If you are a prospective home buyer conducting research or if you are in the middle of contract negotiations and under a 10 day option period, the following information is definitely for you.

A thorough home inspection is a critical part of the home buying process and, if performed correctly, will provide the home buyer with comfort, understanding and peace of mind.  No house can ever ‘fail’ an inspection.  This usually only happens as a result of fear of the challenges that are present on any given property.  This fear can be dissolved into confidence. This comes with knowledge and understanding the big picture associated with every problem item.

Great! How can this accomplished?

Most people strive to understand and control most of the critical aspects of their lives. This is certainly true with the purchase of a home.  To obtain this peace of mind, the inspector must work to instill confidence that comes with understanding the truth behind the problem items they identify.

This can be accomplished if three criteria are met:

The inspector must be independent from any conflict of interest that could influence the report.

  1. The inspector must be independent from any conflict of interest that could influence the report.
  2. The inspector must take a comprehensive approach to their reporting process.
  3. The inspector has to provide an education-first approach to how they relay the information to their client.

If the home inspector takes on the responsibility of acting as an advocate for their client, they and their clients will quickly find themselves in a student-teacher relationship. A verbal report should be presented on sight and a written report with photographs should be provided at a later time as well.  The inspector should be patient and answer questions fully. At the end of the inspection process the client should have as much information as they need in order to feel comfortable meeting the challenge of any problem item identified on the report. Finally, the inspector should remain accessible throughout the process; even after the report is presented.

If the inspector utilizes an education-first approach to providing peace of mind to their clients, no property can ever ‘fail’ an inspection.  The specific deficiencies with a property may be more challenging than the client wants to accept for a given sale price, but fear should never be a factor in the decision to purchase a home or to move on.

The goal for any inspector should be for their client’s home buying decision to be based on a complete understanding of the challenges associated with the property.  If this comfort level can be achieved, the stress associated with the home buying process will be greatly reduced.

You deserve a peaceful home buying process.  After all, it’s a great feeling to know your home!

 

Regards,

 

Wade Hancock

Professional Inspector

Hancock Consulting & Inspections, PLLC

New Braunfels, TX

(830) 608-1200

TREC #20451

 

www.hancockinspections.com

 

 

What boomed in 3Q 2014? Austin office market!

AUSTIN – The Central Texas office market posted a strong showing in third quarter 2014, as the region’s job growth continued to drive demand for space, according to Cushman & Wakefield / Oxford Commerical.

Top-tier office space was 91 percent occupied for 3Q 2014, up from 88 percent in 3Q 2013, according to Austin-basedCushman & Wakefield / Oxford Commercial, which tracks the market. Rents for the top-tier space hit $32.95 in 3Q 2014, up 2.4 percent from 3Q 2013.

Austin employers added 32,100 jobs in the past four quarters, a year-over-year increase of 3.7 percent, according toMarcus & Millichap’s 3Q 2014 office market report. The metro’s thriving high-tech sector continues to drive demand for office space.

The downtown office market had one of its best quarters ever, according to Katie Ekstrom, a vice president in Austin withCBRE. Tenants leased more than 255,400 sf of net new space, Cushman & Wakefield / Oxford Commercial reported.

Two new downtown towers — Colorado Tower and IBC Bank Plaza, which combined will add more than 500,000 sf of office space — are both almost fully leased, local brokers say, and are setting the stage for additional new construction.

Austin is building new office space at one of the highest rates in the country, according to Marcus & Millichap. About 530,000 sf of space were completed during the last four quarters, including the first phase of Apple Inc.’s new campus in Northwest Austin.

In all, developers have nearly 2.6 million sf of space under construction in the Austin metro, 1.5 million of which is due to wrap up by the end of 2014. Another 2.4 million sf of space is in the planning pipeline.

Ekstrom said that tenant prospects are currently scouring the market for more than 4 million sf of space, and buildings under construction across the city are seeing strong leasing activity.

Forbes: Austin is No 2 City for Future Job Growth

Forbes: Austin No. 2 in U.S. for future job growth
(7/28/2014)
AUSTIN – Austin ranked second in Forbes’ list of best U.S. cities for future job growth over the next three years and was one of five Texas cities to make the cut.

With projected annual job growth of 4.1 percent and the unemployment rate at 4.1 percent, Austin is proving to be an attractive option for companies that want to take advantage of the strong local workforce.

The Lone Star capital boasts the third-highest net migration rate in the U.S. during the past five years, Forbes reported. The median household income is $58,932.

Other Texas cities that made it to Forbes’ list of best cities for job growth include: McAllen at No. 3, Dallas at No. 5, Houston at No. 9 and San Antonio at No. 10. Naples, Florida ranked No. 1.

Read more at the Austin Business Journal.

See Forbes for the full report.

Grand Opening of Our New Home Inspection Office in Austin, TX!

We would like to announce the Grand Opening of our new office located at 700 Lavaca Street in Austin, TX. We are excited to be able to offer even faster home inspection service for our clients in the Austin and San Marcos metro areas.

We would like to thank all of our home inspection clients for enabling this growth and we look forward to serving even more people in the area. Buda and Kyle home inspection market is also booming and clients in this area will be served from our new location in Austin.

Bexar County Foreclosures Hit 12-Year Low

The number of Bexar County properties headed to the foreclosure auction next month has hit its lowest mark in about a dozen years.

For July, 469 properties are listed for foreclosure, a 29.4 percent drop from July 2013, according to data from RexReport.com.

The number of distressed properties headed to the auction block is the lowest since September 2002. July marks 20 consecutive months with declining foreclosure postings, a trend that started in December 2012.

So far this year, there have been 3,744 foreclosure postings in Bexar County — an almost 30 percent drop from the first half of last year when there were 5,305 listings.

Read more at the San Antonio Express-News