02 July 2019

Venetian Estates News June 2019

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.

We have two special opportunities for buyers looking for a beautiful lot for a single-story home and large yard:

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.

311 Lombardy is a sprawling waterfront lot with a long view of picturesque Lake Alkire. It offers the perfect canvas to design a true single-story “estate” home—perfect for the ever-popular “casita” plan!—while still maintaining a large yard with a beautiful, serene water view!

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 . . .