Real Estate and More
VE Market Update
There are currently seven Venetian Estates homes/lots on the
market, (one pending) with prices ranging from $529,000 to $1.479 M.
The most recent sale was the home/lot at 911 San Marino, which Kelly
sold last month to Partners in Building. They will be building a spec
home that is specifically designed to take in “all-the-way-down-the-lake”
views! The builder sent Kelly preliminary plans, so call us for approximate
pricing and details. There may be opportunity to significantly customize.
115 Tuscany, at its newly reduced price, still has a “million
dollar view!” This gem could be a darling cottage remodel or a new build with
one of the best back yards and views in the neighborhood! Call or email us for
more information.
914 Piedmont, our newest listing, is a huge lot—over ½-acre in size—with the most gorgeous trees! Although it is not waterfront, the view from the backyard, all the way down Lake Venice is amazing! This is a special buy to either remodel (the current home is approximately 2750 SF) or build new.
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Home Makeover
Coming Soon! HGTV would be proud! Just wait until you see the new
version of 122 Saint Marks, previously on the market for $1.479M. The price
will remain the same when this approximately 5400-SF recent construction home
hits the market soon. However,
the floor plan has been altered to include a secondary bedroom downstairs with
secluded access for guests. The gorgeous dining area, framed by an expansive
window overlooking the lake, now accommodates a huge table and seating for 12
or more. And there’s more…the exterior
is in the process of having a completely new look! Once finished (if we don’t sell it during the
transformation), we will hold an open house for our neighbors. This home is a
beautiful value in multiple senses!
Real Estate Trends
Have you been hearing the phrase “iBuyer” lately? According to
Opendoor, an iBuyer is a company that uses technology to make an offer on your
home instantly. Opendoor, Offerpad and others claim that they offer a simpler,
more convenient alternative to a traditional home sale. We are beginning to see more of the iBuyer-owned
homes in the Houston and Fort Bend County area: homes that the iBuyer has
purchased, remodeled to sell, and is marketing through the Houston area
MLS. The homes purchased by iBuyers are
typically purchased below market values and their sales often include contract
terms that vary from many Texas Association of Realtors forms. Many of the
homes in the iBuyer market are in the sub-$300,000 price range.
We recently represented a client in the purchase of a home being
sold by a technology-based brokerage firm. We faced many challenges to ensure
that our client was treated fairly in the negotiation process. There are often
extra precautions to take with transactions that involve technology-based
brokerage platforms. While a buyer can often view homes without an agent, we
strongly emphasize the importance of having Realtor representation during the
purchase process. We at FBRE embrace new technology and prioritize
incorporating advancements and trends into our platform, but our first priority
is to represent and protect our clients.
The Home of Tomorrow
Speaking of trends, are you aware of the laundry folding robot?! Finally, we’ve caught up to the “Jetsons’
Rosie” via the Laundroid from Seven Dreamers. The device uses AI to sort
and fold your clothes and can even separate wardrobes for each family member. Look out, wine rooms, the next big buyer
demand may be for a dedicated Laundroid space! But let’s not get
ahead of ourselves; we should give the company a year or two to iron out the
wrinkles . . .
