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San Antonio Real Estate Law Blog

Are Foreclosures On The Rise In San Antonio?

Foreclosure starts have been trending downward nationwide. For years, they have been trending downward in San Antonio as well. However, in the first quarter of 2018, foreclosure starts jumped up a massive 48 percent over the last quarter of 2017. Is this a sign that foreclosures will become a major problem once again?

Challenges that cause problems for buying commercial real estate

Texas commercial real estate investors might be individuals who want to invest in a property that they will rent out to business owners. They might also be businesses looking to purchase an office or store location. Regardless what kind of commercial real estate buyer you happen to be, when purchasing your first property, you could encounter various challenges.

Here are three common challenges that get in the way of a commercial real estate purchase:

How to check for termites species around your home

When it comes to termites in a building, they can make or break a real estate deal. If you're in the market to purchase a new property, you definitely don't want to accidentally buy one with a termite problem.

There are some kinds of termites that are worse than others. We've created a list of the most concerning members of this family of insects to help you identify problems before you make a major purchasing mistake.

How do I check for roofing problems?

Everyone needs a roof over their heads, which is why the quality of the roof on a home is one of the most important things to check before buying a new residence. Roofing damage can cost tens of thousands of dollars to repair in some cases, so make sure any new piece of real estate you buy isn't also coming with expensive roof problems that take you by surprise.

Check for difficult to see issues. Walk around the home and use your eagle eye to look for difficult to spot issues. Check for cracked caulking and rust spots. Look for buckling shingles that may also be blistered or curling. Look for any broken or completely missing shingles. What is the condition of the rubber boots surrounding vent pipes? Are there any visible issues related to the chimney? Are there any clear signs of decay, like mold, moss or lichen growing on the roof?

Beautiful Texas ranch sells for $34 million

A ranch in Northeast Texas has sold for $34 million. The 11,800-acre working cattle ranch -- known as the Broseco Ranch -- boasts a legendary herd of Red Angus cattle. The ranch was purchased by a farm and ranch firm from West Texas.

The Broseco Ranch is 50 years old and was originally listed for a price tag higher than $34 million. In addition to the Red Angus herd, the ranch also has a 3,200-acre wildlife habitat that borders the Sulphur River. The property has seven houses and three lakes in addition to a 6,600-square-foot lodge and two 10,000-square-foot barns.

4 commercial real estate terms every investor should know

Every real estate investor needs to have a repository of vocabulary words they're familiar with in order to navigate the complicated world of property investment, and the commercial real estate industry is no different. If you're a commercial real estate investor -- and especially if you're fairly new to the industry -- keep reading and make sure that you fully understand the four terms that follow:

1. Building classifications

Alternative Financing Alert

Do possible alternative financing options for an upcoming home purchase interest you? Each financing method may seem attractive, but you will want to learn the facts about each one you consider. Some financing methods to afford a home are not advised and may leave you with little rights. Here are some facts about three better-known alternative financing options.

Seller Financing

3 tips for your real estate transactions

The best piece of advice about real estate law is the fact that the average real estate agent does not fully understand the nuances of Texas real estate law. Real estate agents are trained to carry out highly specific legal functions, to complete forms and paperwork and to facilitate a lawful real estate transaction. They are not trained to evaluate a buyer or seller's legal rights and they do not know how to advocate for those rights in court if necessary.

Here are a few more legal tips that people should be aware of when buying or selling property in Texas:

  • Check for tax liens: Some properties have tax liens associated with them. If you buy the property and a tax lien is attached to it, you will be on the hook to pay those taxes. Don't let this happen to you -- or, if it does happen, make sure you factor in the taxes when considering the total cost of the purchase.
  • Do it by the book even if you're buying from friends: It's tempting to make a real estate transaction less formal if you're buying from or selling to a friend. However, when you follow the rules when carrying out your real estate transaction, you'll be more likely to preserve your friendship relationship and less likely to have problems later on down the road.
  • Look for out-of-the-ordinary issues: Most real estate agents can carry out most real estate transactions lawfully and appropriately, but if there's anything unique about the property or the transaction, things might go over the agent's head quickly. Be sure to seek out legal advice when necessary to fully evaluate your situation.

Have you considered these 2 foreclosure prevention tips?

The average American homeowner knows the hard work it takes to maintain a residence. Depending on how long you've owned your home, you may have invested a lot of hard-earned money into paying the mortgage on a monthly basis and you may have accumulated a considerable amount of home equity that you don't want to lose.

This is why the threat of foreclosure can be so frightening. Foreclosure could wipe away years of diligent savings in a heartbeat.

Selling a home with a leaky roof? Here's what you should do

Imagine you just put your home on the market, only to discover a new water stain in the ceiling -- the telltale sign of a leaky roof problem. Should you spend the money to repair your roof before selling your home, or should you sell it like it is, tell the new owners about the problem and let them deal with it?

Here's some leaky roof advice to help you cope with this situation:

  • There's no guarantee you'll get your money back: Before you spend money on a new roof or a roof repair, keep in mind that the average return on the money homeowners spend on roof repairs before selling is about 53 to 62 percent.
  • Repair it if you want to sell your home faster: If your home has been on the market for a while, or if you're in a hurry to sell, your best bet is to pay to fix your roof. A home in good repair will always sell a lot faster than a fixer-upper.
  • Don't repair it if you can't afford it: Not everyone has the cash available to pay for a new roof. If you can't afford it, don't do it. Adjust your price and sell your home as-is.