Get More For Your Moolah With This Cute Fort Worth Ranch on a Huge Lot

6304 Inca Front

I saw this home pop up in my search today, it’s first day on the market, and I was stunned. In Ridgemar, a fantastic West Fort Worth neighborhood, you can get this totally remodeled 1960s ranch with three bedrooms, two full baths and one half bath, more than 2,400 square feet, and a whopping 0.39 acre lot for $380,000. You’d pay at least $400K for that in a comparable Dallas neighborhood!

Just goes to show that our wonderful neighbors to the west have some great deals. Maybe it’s time to move to Cowtown?

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briggs freeman logoI told you a few weeks ago that Sotheby’s International sued Briggs Freeman, one of it’s own franchisees, due to the beefs of another one of it’s franchisees, Williams Trew Real Estate Services of Fort Worth. Turns out the judge did not grant Sotheby’s a temporary restraining order last month.

Judge Sidney A. Fitzwater threw out Sotheby’s request for a TRO “Because plaintiff has not shown that it faces a substantial threat of irreparable harm between the time its TRO application was filed and when the court can address its preliminary injunction application, the court denies the application. The denial of the TRO application does not suggest a view on the merits of plaintiff’s pending preliminary injunction application.”

Anyhow, I guess Williams Trew decided to take matters into their own hands: On Friday, the 13th of September, Williams Trew Sotheby’s International Realty of Fort Worth filed suit against Briggs Freeman Sotheby’s International Realty of Dallas and Robbie Briggs. The beef is tortious interference — WT says Briggs has interfered with Williams Trew’s contract with Sotheby’s International Realty Affiliates LLC.

williams true

The lawsuit, filed in 348th Tarrant County State District Court, seeks actual and punitive damages and a permanent injunction barring certain business activity. Here’s what WT founding partner Martha Williams told the Fort Worth Business Press:

“Competition in the marketplace is fine so long as it is conducted lawfully,” said Martha Williams, a founder of Williams Trew in a news release. “We were forced to file this lawsuit due to Briggs Freeman’s refusal to acknowledge Williams Trew’s contractual rights with Sotheby’s International Realty.”

Here is Robbie Briggs response:

Robbie Briggs Statement Re: Williams Trew SIR v. Briggs Freeman SIR Tortious Interference suit

briggs freeman logoAs I know only too well, just because you see it in a petition doesn’t make it Trew true, but it seems Fort Worth is really worth fighting for. Sotheby’s International Realty Affiliates LLC filed a lawsuit August 1 against one of it’s own franchisees right here in Dallas. What in the world are they suing over? Selling dirt in Fort Worth and Meridian. Seems that the Williams Trew brokerage in Fort Worth inked a deal with  Sotheby’s last May, 2012, to be the official Sotheby’s franchise office over there yonder. Now that firm is mad as hornets that Briggs is still working in Cow Town.

Briggs, the suit alleges, has an office in Fort Worth at 4904 Camp Bowie Boulevard, though they have taken the Briggs Freeman Sotheby’s sign down. They also recently set up an office in Meridian, southwest of Fort Worth near Hico, this according to the petition.

Apparently the two brokers have been sparring over Fort Worth turf but could not reach a settlement.  So the lawyers got called in.

I contacted Robbie Briggs for more info, which is forthcoming; Marshall Boyd at Williams Trew said he could not comment on the case.

So probably the best thing is just let you read it all for yourself. I had the entire lawsuit posted earlier today, but took it down out of respect. It’s public record anyhow, and the lawsuit is in the United States District Court Northern District of Texas, Dallas Division.

Up next: Briggs-Freeman’s response.

 

Fort Worth “Trewly” Wants to Be Global, Too — Robbie Briggs Responds

3817 Mockingbird Lane FW $839

Just talked to Robbie Briggs about the Williams Trew deal with Sotheby’s. Briggs-Freeman owns the Sotheby’s franchise for Dallas and Collin Counties, NOT Tarrant. William Trew got the Sotheby’s application through likely because they are a local firm, he says, and Sotheby’s likes strong local, upscale brokers. But, he said, that is not going to stop Briggs- Freeman from selling real estate in Fort Worth.

“We will be in Fort Worth selling actively” says Robbie, who says he has BFS agents living and working in Fort Worth already. “In fact, many Fort Worth agents are choosing to work with us because we are so dominant in the Metroplex.”

But with Williams Trew soon owning the franchise, Robbie will not be able to open up a Sotheby’s office in Cow Town. There will just be overlap, as there is in other areas of the country. And BFS will continue to dominate the ranch market, he says, covering a three-hour radius outside of Dallas AND Fort Worth.

“Sotheby’s is a fine brand,” says Briggs, “And Williams Trew is a great firm. This will just make the Sotheby’s brand more dominant in the Metroplex.”

Fort Worth Real Estate Wants to be Global, Too — Trewly!

$1,950,000 on Hillcrest Street. in Fort Worth

Oh the battle for the high end real estate dollar is getting heated up in our sister city to the west, Fort Worth. Williams Trew, a high end Fort Worth residential real estate firm, is becoming an affiliate of Sotheby’s International beginning May 1. The company will be re-named Williams Trew Sotheby’s International Realty, the companies said officially Thursday.

This is a boutiquey- firm very much like Briggs Freeman Sothebys: Williams Trew is owned by Martha Williams, Joan Trew and Marshall Boyd. They have 80 agents across two Fort Worth offices.

The reason why is similar to the one when Briggs Freeman joined up with Sotheby’s: we live in a global world, and this affiliation means Williams Trew listings will be marketed on the Sotheby’s Realty website all over the world. For example, I walked into a Sotheby’s office in Park City, Utah this weekend and voila — saw BFS’s Dallas listings on the big screen! Williams Trew wants the wider exposure and referrals, they said, and want to benefit from the firm’s association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.

That Champs D’Or auction, for example, is happening through Sothebys.

I’ve put a call into Martha Williams to get the nitty gritty on what this means for the WT agents. I know what it means for the consumers: more marketing bang for your buck. She’s in a meeting with the Sotheby’s transition team as we speak, or, er, blog.

Sotheby’s International Realty, founded in 1976, has nearly 12,000 sales associates in approximately 580 offices in 42 countries and territories worldwide.