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Archive for May, 2016|Monthly archive page

NEW LISTING! 14011 Swiss Hill Drive, Houston, TX 77077 – MLS# 75499706

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Terry Hershey Park on May 25, 2016 at 6:09 pm

NEW LISTING! 14011 Swiss Hill Drive, Houston, TX 77077 – MLS# 75499706

14011 Swiss Hill DriveTastefully updated one story beauty. Beautiful mahogany front door. Wood tile flooring throughout family/dining and spacious updated kitchen with granite and subway tile backsplash – wait till you see the butler’s pantry! Huge family room with wall of windows leads to shady backyard retreat with covered patio. Retreat to your spacious master with two walk in closets and it’s own private back patio. Completely updated master bathroom. Walking distance to Hershey Park, energy corridor shops and restaurants.

HAR Link: http://www.har.com/14011-swiss-hill-drive/sale_75499706

If you are interested in buying or selling real estate in West Houston, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

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NEW LISTING! 1146 Sienna Hill Drive, Houston, TX 77077 – MLS# 33688280

In Buying a Home, Houston Energy Corridor, Houston Real Estate Agent, Parkway Villages, Real Estate Investment, Terry Hershey Park on May 24, 2016 at 6:37 pm

NEW LISTING! 1146 Sienna Hill Drive, Houston, TX 77077 – MLS# 33688280

1146 Sienna Hill DriveBeautiful one story gated section Parkway Villages Sienna Cove. Open floor plan, with high ceilings and wood floors in all living areas. Island kitchen with gas cooktop and corian countertops opens to spacious living area with wall of windows for abundant natural light and beautiful garden views. New tile and carpet bedrooms and bathrooms. Two bedrooms plus private study with built-ins that could be 3rd bedroom. Retreat to your huge master suite with jetted tub and separate shower. Relaxing back patio. Walking distance to Terry Hershey Park, Energy Corridor shops and restaurants.

HAR Link: http://www.har.com/1146-sienna-hill-drive/sale_33688280

If you are interested in buying or selling real estate in West Houston, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

 

NEW LISTINGS! 14311 Briarhills Parkway, Houston, TX 77077 – Sale MLS# 10049052 and Lease MLS# 30158789

In Buying a Home, Houston Energy Corridor, Houston Real Estate Agent, Terry Hershey Park on May 18, 2016 at 4:53 pm

NEW LISTINGS! 14311 Briarhills Parkway, Houston, TX 77077 – Sale MLS# 10049052 and Lease MLS# 30158789

14311 Briarhills ParkwayBeautiful home in Briar Hills! Tile and slate flooring throughout – no carpet! Huge family room with soaring ceilings and surround sound, opens to study/workplace. Island kitchen with granite countertops leads to dining area with soothing waterfalls – perfect for entertaining. All bedrooms plus bonus family room downstairs plus a gameroom upstairs. Retreat to your lush oasis like backyard soothing waterfalls and disappearing fountain plus outdoor speakers. Steps from Terry Hershey, Briar Hills pools and tennis courts.

HAR Link: http://www.har.com/14311-briarhills-parkway/sale_10049052

If you are interested in buying or selling real estate in West Houston, please contact Connie Vallone with First Market Realty at 713 249 4177  or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

NEW LISTING! 14202 Sandfield Drive, Houston, TX 77077 – MLS# 20231499

In Buying a Home, Home Values, Houston Energy Corridor, Houston Real Estate Agent, Parkway Villages, Real Estate Investment on May 4, 2016 at 7:05 pm

NEW LISTING! 14202 Sandfield Drive, Houston, TX 77077 – MLS# 20231499

14202 Sandfield DriveBeautiful maintained home in Briar Hills. Your chance to update and make it your own. Light and bright with tons of windows for natural light. Great floor plan with huge living and dining area that opens to nice sized yard with built in spa feature. Island kitchen with granite counter tops and gas cooktop. Spacious master retreat with his and hers closets plus two more bedrooms and study. Double paned widows and doors and lifetime concrete tile roof.

HAR Link: http://www.har.com/14202-sandfield-drive/sale_20231499

If you are looking for Classic Real Estate Services from concept to closing, please contact Connie Vallone by phone (713) 249-4177, email connie@knowsrealestate.com or visit my website at www.houstonenergycorridorhomes.com or www.vallonehomes.com .

NEW LEASE LISTING! 13906 Roxton Drive, Houston, TX 77077 – MLS# 6765446

In Buying a Home, Houston Energy Corridor, Houston Real Estate Agent, Real Estate Investment on May 4, 2016 at 6:59 pm

NEW LEASE LISTING! 13906 Roxton Drive, Houston, TX 77077 – MLS# 6765446

13906 Roxton DriveBeautiful home located in the heart of the Energy Corridor in gated section of Parkway Villages/Charlton Park. Hardwood floors, plantation shutters, crown molding, beautiful landscaping, leaded front door. Open flowing floor plan with island kitchen, huge master retreat downstairs plus 3 more bedrooms, gameroom and extra room upstairs. Walking distance to Terry Hershey park, highly rated public/ private schools. Washer/dryer/refrigerator all included.

HAR Link: http://www.har.com/13906-roxton-drive/rent_6765446

If you are interested in buying or selling real estate in West Houston, please contact Connie Vallone with First Market Realty at 713 249 4177, connie@knowsrealestate.com   or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com .

Housing Industry Faces Flood Challenges, Says Freddie Mac

In Buying a Home, Home Upgrades, Home Values, Houston Energy Corridor, new homes houston energy corridor, Real Estate Investment, Selling your home on May 3, 2016 at 5:27 pm

Freddie Mac recently released its monthly Insight for April with a focus on the flood challenges the industry faces, the current system in the United States for dealing with flood risk, and some questions that will have to be addressed if climate change raises sea levels significantly.

Insurance is an essential component of real estate transactions, and flood insurance currently makes it possible to obtain loans for homes in areas of identified flood risk.

Some of the varied impacts of climate change — rising sea levels, changing rainfall and flooding patterns, increasing temperatures — may not be insurable. As a result, some important features of housing finance may have to change.

A large share of homeowners’ wealth is locked up in their equity in their homes. If those homes become uninsurable and unmarketable, the values of the homes will plummet, perhaps to zero. Unlike recent experience, homeowners will have no expectation that the values of their homes will ever recover

In the housing crisis, a significant share of borrowers continued to make their mortgage payments even though the values of their homes were less than the balances of their mortgages. It is less likely that borrowers will continue to make mortgage payments if their homes are literally underwater. As a result, lenders, servicers and mortgage insurers are likely to suffer large losses.

“One challenge for housing economists is predicting the time path of house prices in areas likely to be impacted by climate change,” says Sean Becketti, Chief Economist, Freddie Mac. “Consider an expensive beachfront house that is highly likely to be submerged eventually, although ‘eventually’ is difficult to pin down and may be a long way off. Will the value of the house decline gradually as the expected life of the house becomes shorter? Or, alternatively, will the value of the house — and all the houses around it — plunge the first time a lender refuses to make a mortgage on a nearby house or an insurer refuses to issue a homeowner’s policy? Or will the trigger be one or two homeowners who decide to sell defensively?

“Currently, under federal law, flood insurance is mandatory for all federal or federally-related financial assistance for the acquisition and/or construction of buildings in Special Flood Hazard Areas (SFHAs). In addition, Freddie Mac requires flood insurance before it will purchase a loan for a property in an SFHA. As the market shakes out in the affected areas some residents will cash out early and suffer minimal losses. Others will not be so lucky. And newcomers may appear, finally able to live out their dreams of living at the seashore, if only for a short time.”

For more information, visit www.freddiemac.com.

Reprinted with permission from RISMedia. ©2016. All rights reserved.

Do you have real estate questions?   Contact Connie Vallone at (713) 249-4177 or connie@knowsrealestate.com or visit www.houstonenergycorridorhomes.com  or www.vallonehomes.com.