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Posts tagged "Real Estate Transactions"

Check the septic tank lift pump before buying a new home

Some Texas homes are equipped with septic tanks while others are hooked up to municipal sewage and waste systems. It's important to know what kind of system the home you want to purchase has. If it has a septic tank, you definitely will want to check it to ensure it's not in need of costly maintenance and repair. One issue related to septic tanks deals with lift pumps, which may be used to move waste from a low-pressure environment into a high pressure one -- due to gravity and other concerns.

Real estate transactions: The last 3 steps of your closing

Closing a real estate deal takes a lot of time, and if you don't do it properly, it may never get done. One simple mistake could ruin a carefully crafted real estate deal and send both parties walking in different directions, seeking new buyers and sellers with whom to interact. For this reason, both buyers and sellers should carefully review the different steps involved with closing such a deal, so they know what to expect -- both of themselves and the other party.

Signs a home has termite damage

Before you purchase a home in San Antonio, you definitely want to check to see if the home has termite damage. If the home does have termite damage, then the owner will need to correct the issue before any home sale transaction is made. What, then, are the signs that a home is infested?

Nonprofit technology foundation purchases 111,000-foot facility

The Texas Research & Technology Foundation announced that is creating a "superhub" to assist startups and entrepreneurs. The "superhub," dubbed VelocityTX, will offer manufacturing facility access, mentorship and capital to budding entrepreneurs and startup organizations in the technology sector. The facility will be based out of San Antonio.

What are wildlife management and agricultural tax breaks?

Did you know that some developers in San Antonio are receiving tax breaks for their high-priced real estate due to agricultural exemptions and wildlife management exemptions? Texans who keep wildlife or do farming on their properties can qualify for an agricultural exemption that discounts their property taxes. Also, Texans who have an unused piece of property that that they use to feed squirrels and birds might be able to classify their property as being used for wildlife management, which can result in property tax breaks too.

What steps are involved in closing a real estate transaction?

You've been hearing the word "closing" from your real estate agent, but you have no idea what it means. This term is used to describe the process of finalizing your real estate deal. A real estate transaction isn't like going to the store and buying a gallon of milk. A lot of paperwork needs to be signed and multiple steps need to be carried out.

Real estate transactions: How a real estate lawyer can help

Most Texas residents employ real estate brokers to assist them in carrying out their real estate transactions. A seller's real estate agent can be helpful in finding a purchaser for your property. A buyer's agent can be helpful in finding a property to buy.

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?

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?