The Law Offices of William T. Peckham
Contact Us For A Reduced Initial Consultation
512-487-7604 Contact Us

Real Estate Archives

Commercial real estate is a high-risk high-reward endeavor

Many have found commercial real estate to be an excellent investment. The benefits can include tenants with long-term contracts who lease units that are much larger or more expensive than a residential property. However, risk comes into play because not every business is a success, and there may be long gaps between tenants.

6 tips for avoiding foreclosure

Many of us have been unable to pay a bill on time at one point or another. This happens, and hopefully, it is paid soon after that because unpaid bills can lead to real problems when they pile up. When homeowners get behind on their mortgage, foreclosure may occur.

How eminent domain works in Texas

One quick way to get on the wrong side of a Texan is when someone tries to take their land. Nevertheless, there are certain circumstances where the state or local municipality (or a company working for them) will justify taking ownership from an individual or business. This is done under eminent domain, which is a premise that it is in the best interests of the public for the government to do this.

What goes in a seller’s disclosure?

Those who sell real estate property usually include a seller’s disclosure. While there are exceptions, a seller disclosure provided by sellers to potential buyers outlines any defect or issue that could impact the buyer’s decision-making process. This applies to most resident owners of a home, but it can affect the terms of the offer, or if they wish to proceed.

Tips for staging a home

The concept of staging one’s home to sell it is now a fairly common one. While in days past this amounted to keeping a clean home, the idea now is to strategically place to furniture and decorations in a way that puts the property in the best light. This often involves overriding personal preferences and often includes paring down the clutter to make the space less claustrophobic. Some will even go so far as to rent furniture or buy new furniture that they plan to use in the new home to give the old place a fresher and more updated look.

Millennials have specific priorities in home buying

The mortgage rates hover at historic lows with the percentage dropping a full point in the last year. This is good news for potential buyers and sellers of residential real estate. However, even in the highly competitive real estate market of Austin, millennials have specific priorities, which may or may not jive with sellers.

Where things stand on short term rentals in Austin

Austin and the state of Texas sometimes have different opinions on regulations, policies and laws. One recent high-profile example involves the issue of short-term rentals (STRS), which are a room or home rentals of 30 days or less. This is a hot-button topic as other parts of the country have embraced or sought or regulate the use of Air BNBs and other online STRS services.

Can the government take privately owned land?

Eminent domain is the government’s way to take private land for public use under certain circumstances. The Takings Clause of the U.S. Constitution’s Fifth Amendment defines that power for the government. For state and local governments, the clause applies through the Fourteenth Amendment, which limits governments from taking private property from citizens “without just compensation.”

How to pick a real estate agent

Real estate transactions are the largest deal that the average person makes in their lifetime. So it is crucial to find a real estate agent that is the right fit regardless of whether one buys or sells. At their best, these agents bring advantageous deals to the table and provide knowledge and support that makes for a smooth closing. At their worst, a realtor can badly misread the market, the intentions and potential of a buyer or seller across the table, or unnecessarily delay sales through incompetence or indifference.

Email us for a response

Contact The Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

William T. Peckham
1104 Nueces Street, Suite 104
Austin, TX 78701
Phone: 512-487-7604
Fax: 512-478-1790
Map and Directions