San Antonio, Texas Real Estate Blog & Market News - Richard Soto's Blog | Page #15

Selling your home is a bit of an art these days. Gone are the days of the real estate boom when all we needed to do to sell a home was to slap a “for sale” sign up in the front yard. Instead, buyers are more particular, mainly because there is an influx of homes on the market. In other words, if your home isn’t well kept and updated, the house next door probably is.

The bottom line is that homebuyers these days want turn-key homes; homes that they can settle into without much repair or updating. Aside from the obvious rule of performing all home repairs before listing your Helotes’ homefor sale, there are a number of things you can tackle in a weekend to make your home more desirable to homebuyers. So, what are you waiting for, weekend warrior? Roll up…

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Are you hunting for San Antonio commercial lease space, but you’re not sure where to start? The San Antonio commercial lease spacemarket is the place to be for renters because there is a high vacancy rate and the lease rates are quite reasonable. There are a slew of major differences between commercial leases and residential leases, so it pays to understand the ins and outs of a commercial real estate lease before signing on the dotted line. Questions to ask when seeking commercial lease space:

  • What is the rent price, and what increases are expected?
  • What is the security deposit and what are the conditions for the return of the deposit?
  • What is the length of the lease? Is this negotiable?
  • What does my rent cover? Does it cover utilities, taxes…

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The courthouse steps of Bexar Country have seen a lot of activity over the past year. Foreclosure auctions, unfortunately, have become an all-too-common occurrence, not only in Bexar County, but throughout most of the country.  Looking ahead, it is expected that mortgage lenders will be coming in to take back 1,652 properties throughout Bexar County in January alone. This will likely be the highest total on record and also a clear indication that Bexar County may not be out of the woods just yet when it comes to foreclosures.

Foreclosures at Record High

This hard news is even harder to take, considering that 2009 was a quite the dismal year for real estate in Bexar County.  In fact, the total numbers of properties that fell into foreclosure in Bexar…

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The real estate catastrophe of 2009 has given way to a bit of a hangover syndrome, with everyone from buyers and lenders to home builders dusting themselves off and looking forward to 2010 to begin posting gains. 

Returning to Normalcy

The real estate market in San Antonio, including the luxury real estate market, seems to be returning to a bit of normalcy, much to the relief of sellers and home builders everywhere. The signs of recovery really took off in November, when sales jumped 52 percent from a year earlier. In fact, more than 1,500 San Antonio homes were sold in November, compared to just 1,000 in November 2008. This recent spike in sales has left the market on the same playing field as before the market began to peak.

Reasonably Priced…

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San Antonio commercial real estate is still struggling, make no doubt about it. The number of San Antonio commercial properties that fell into foreclosure in 2009 is a clear indication that this sector of the real estate market in San Antonio has a long way to go.  Commercial foreclosures for San Antonio commercial real estate rose nearly 55 percent during 2009; in other words, there were 863 commercial property foreclosures in San Antonio in 2009, compared with 557 in 2008. Throughout all of the trouble that the San Antonio commercial real estate market is experiencing – and is likely to experience in the months ahead – economists note that the trends of the past year can’t even hold a candle to the real estate collapse of the 1980s.

Commercial…

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Condo living is simply spectacular in downtown San Antonio. While condo markets across the city are struggling to post gains, the condos of downtown San Antonio continue to be in high demand, thereby buoying this market along quite nicely, even given the state of the national economy and housing market.  Case in Point: the historic Peden Iron & Steel Building has been transformed into highly sought after downtown lofts: the Steel House Lofts. This newest downtown San Antonio address is slated for completion in winter 2010.

Beautiful Warehouse Conversion

The original charm is alive and well in the Steel House Lofts, as the transformation from warehouse space to trendy, downtown San Antonio lofts is flawless.  The contemporary attitude and vibrant…

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There are few condos in San Antonio that are impressive as the Alteza. Sitting high atop the Grand Hyatt hotel in downtown San Antonio, Alteza is a fine example of the luxurious, high-end living that is available in downtown San Antonio. 

The First Residents are Welcomed Although the Alteza has seen its share of delays – mainly because construction crews had to concentrate on the hotel construction before the Final Four in 2008 – it has now opened its doors to its first residents. The completion of the Alteza project is a huge boom for downtown San Antonio’s evolution and for the entire city in general. For the residents of Alteza, it certainly can be said that “good things come to those who wait.” Once completed, the Alteza will feature 147 condo…

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After the dismal 2009 we are all looking to move on and look ahead to new real estate opportunities in 2010. So, the question is: what are your real estate resolutions? A recent study conducted by Move.com found that there are a lot of resolutions to be found across America:

  • Nearly 18 percent of individuals who answered the Move.com survey said they hope to become first-time homeowners in 2010. If you are among that 18 percent, consider this: rates continue to be near historic lows; there is a nice supply of Champion’s Ridge homes on the market; and the first-time homebuyer tax credit has been extended into April 2010. It seems that all of the pieces of the real estate puzzle are coming together for many soon-to-be first-time homebuyers.
  • About 15…

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You remember the San Antonio homes with the soaring, beamed ceilings, the cascading waterfalls, the kitchen with more granite than a quarry, and the bathrooms the size of a small home?  Hopefully you have a fond memory of these San Antonio luxury homes, because chances are, you won’t see too many of them on a builder’s list of projects. In fact, many of the high-end custom home projects that were once a mainstay in the San Antonio market are now being traded for more affordable homes. Instead of the multi-million dollar homes, think half-million dollar homes. Sure, they’re still nothing to scoff at, but place them beside the homes of just a few years ago and you’ll soon see a new trend developing.

The Newest Cash Cow: The Moderately Priced Home

With…

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