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San Antonio Real Estate Law Blog

Why Are San Antonio Home Sales Booming?

Home prices are on the rise in San Antonio and nationwide. However, this has not stopped people from diving into the local real estate market in search of new homes.

According to an article from the San Antonio Business Journal, which cites a report from the San Antonio Board of Realtors (SABOR), home sales have increased by 4 percent during the first half of the year. In June alone, more than 3,000 homes sold in San Antonio.

Real estate selling mistakes: Don't make your price too high

Every San Antonio resident who is selling a home wants to get as much money for the property as possible. However, there comes a time when you may need to get realistic. Are you trying to sell your property for an amount that's higher than the market can currently support?

Whatever price you choose could directly affect your ability to sell your property. Underpricing could lead to you selling your home extremely fast and losing out on extra money you should have received. Overpricing, on the other hand, often results in your property staying on the market for longer than it should.

What's the time frame for the average foreclosure in Texas?

The housing market and the economy in general have been recovering since the "Great Recession" of 2008. However, some Texas families are still facing financial difficulty. Certain families could even be facing the threat of losing their home to foreclosure. If you're in this situation, you might be curious how long the foreclosure process takes to complete.

According to recent statistics, the state of Texas has some of the fastest foreclosure times on the books. On average, Texas foreclosure proceedings are done within a couple months -- that's just 60 days.

Make sure your commercial real estate is properly zoned

It's essential to make sure any piece of commercial property you buy or use for your business is appropriately zoned. Commercial zoning can affect whether you're permitted to use your commercial property for the purpose you intended.

In the city of San Antonio, specific zoning regulations apply to every piece of property. Here are the different categories of zoning:

Avoid these common commercial real estate mistakes

A lot can go wrong when you're purchasing a piece of commercial real estate in Texas. That's why many commercial real estate investors contract the services of a lawyer -- to ensure their transactions honor their best interests.

At the law office of Matthew J. Obermeier, we'll guide you through the commercial real estate buying and selling process to ensure you avoid common errors, and that your transactions go smoothly and appropriately.

The eviction process during foreclosure proceedings

Following foreclosure, a San Antonio resident could find him or herself being evicted from the home. However, with the assistance of a skilled foreclosure defense attorney, many San Antonio residents can seek to stop an eviction so they can stay in their homes.

The way you go about stopping your eviction from going forward may depend on whether the home has already been sold in a foreclosure sale or if it hasn't been sold yet. Let's take a look at both these situations:

Why Are Vets And Active-Duty Soldiers Losing Their Homes?

Veterans and active-duty soldiers are facing foreclosure at an alarming rate in some parts of Texas. Further north in Bell County, more than 65 percent of new foreclosures last year involved homes owned by either current or former members of the military.

While it is not clear if the rates are equally high statewide, the question is worth asking: why are servicemembers past and present having their homes taken away?

Beware of toxic mold when buying a property

Toxic mold is something you need to watch out for whenever you're buying a new piece of property. Toxic mold is dangerous to you, your family or your co-workers' health.

As such, if you're considering the purchase of a piece of real estate -- whether it's an office building or a home -- consider having a toxic mold inspection performed to ensure that the home or building is safe.

What's a construction defect?

No one is perfect, and contractors and construction workers are no different. As such, it's not uncommon for mistakes to happen during the construction of a new building or home. Unfortunately, these construction defects do not usually become apparent until after the owners of the property have moved in and started to use it. Every year, countless homeowners discover that their new residences have construction defects that end up costing them a lot of money to correct. Who's liable to pay for these repairs?

Fortunately, most construction defects can be repaired. In rare cases, though, an entire home may need to be demolished and the home has to be rebuilt from scratch. Regardless how severe the correction of the defect is, someone will have to pay for the associated costs of the repair. In many cases, the construction company or contractor in charge of the project will be liable for these expenses.

Can't get a mortgage? Maybe crowdfunding is the answer

Banks have strict internal rules and regulations that may prevent you from getting approved for a large loan. Your bank, however, is not the only avenue available to finance your commercial real estate venture. In addition to traditional bank financing is the emerging crowdfunding market. Crowdfunding offers a non-traditional source of financing to people who are looking to create a business or buy a piece of property.

Here are several of the most popular crowdfunding internet sites that you can use to build capital to finance your commercial real estate purchase: