With the median sales price of single-family homes below the national average and growing institutional investor interest in its foreclosures market, your next big investment could be waiting in this historic Texan county.
Replete with a hill country landscape, ancient creeks, and plenty of subject matter for history buffs, Bexar (pronounced “bear”) is the fourth most populous county in Texas. It is the legendary site of the Spanish outpost at the source of the San Antonio River that protected the local Christian missions in the late 18th and 19th centuries.
The county was named after San Antonio de Béxar, a municipality where the first civil government was established by the Spanish in the erstwhile province of Texas. The modern city of San Antonio also derives its name from the 18th-century municipality.
Find Bexar County Foreclosure Properties
The county has recently witnessed an infrastructural upswing characterized by advanced manufacturing facilities being set up by conglomerates, popular food and drink chain storefronts popping up, public-private initiatives for more widespread internet access, and several other amenities.
Why Invest in Bexar County Foreclosures?
The following is not investment advice, and it is recommended you consult with a legal or finance professional for more information.
Bexar’s housing market has been trending downward, with the median listed home price dipping by 2% year-over-year, as per Realtor.com’s April 2024 data. The softening market indicates a decline in demand and competition from buyers, making it a good opportunity for first-time investors.
While venturing into this market, you may see some of the following attributes of foreclosure property sales:
Great “foot-in-the-door” Investment: Foreclosures are competitive auctions where the properties may open bidding at low prices, allowing buyers to potentially build equity in the home faster, which can make them a great first-time investment.
Fast Transaction: Properties sold at foreclosure auctions could be finalized and deeded to the new owner quicker than a traditional real estate transaction.
Areas Ripe for Investment
Auction.com data shows that eastern neighborhoods situated off the I-10 east corridor are composed predominantly of REO units, while western neighborhoods consist of a generous sprinkling of foreclosure properties.
For those unaware of the distinction between REO and foreclosures, Real Estate Owned (REO) properties are those that revert to the lender or bank when the highest bid by a third party bidder at the foreclosure auction falls short of the credit bid. You can click here to learn more about foreclosures and REO.
Currently, between 80-90% of the foreclosure and REO inventory of Bexar is concentrated in San Antonio, and the rest can be found in cities like Helotes, Converse, Live Oak, Windcrest, and St. Hedwig. And up to 90% of that foreclosure inventory listed on Auction.com is open for remote bids.
How do Foreclosures in Texas Work?
There are some rules that govern foreclosure auction participation in Texas. This is not legal or investment advice, and it is recommended to consult with an attorney or foreclosure expert for guidance.
- Foreclosure auctions are held on the first Tuesday of each month usually at the courthouse in the county where the property is located. Additionally, it is advisable to double-check with the county sheriff’s office about the date and time of the auction to avoid any surprises.
- The highest bidder usually receives a trustee’s deed once they pay the purchase price in full. Payment is generally required immediately after the winning bidder is declared.
How to Find Foreclosures in Bexar County
You can choose from several investment properties in the Bexar County foreclosure list at Auction.com. Based on your specific needs pertaining to the asset type, method of payment, risk tolerance, etc. Auction.com allows you to filter and sort flexibly to zero in on that golden investment. Just head over to this link to begin your investor journey.
Links To Helpful tools:
- Remote Bid™: The future of Foreclosure auctions. Browse, bid, and win select Foreclosure properties from anywhere with ease. Qualify for Remote Bid™ or meet with a specialist today.
- Frequently Asked Questions: Find answers to frequently asked questions from Auction.com users.
- Foreclosure Home Properties Help Center: Navigate through a Foreclosure auction with confidence using our quick access guide. Learn terminology and catch up on state requirements. We have tailored sections for Foreclosure and REO properties.
- Real Estate Auction Calendar: Find real estate auction events in your area. Filter by state, asset type, and date to get a list of properties near you, or search Auction.com to start a list of properties with our useful filters.
- What is Auction.com? Find out what auction.com can do for you.
- Start your search! Visit the Auction.com search page to find all our foreclosure & bank-owned homes
