Team Thayer Property Servicing

When most people think of a real estate agent, they think of someone that works with buyers and sellers of homes and other property. And for most purposes this definition is accurate. However, there are areas of specialization in the real estate field, including agents that work just for buyers and agents who work exclusively for sellers. Understanding these distinctions is important when you are looking to buy or sell a home. You want someone working for you that can accomplish your goals. The saying jack of all trades and master of none can definitely apply to the real estate industry. If you are selling a home look for a listing specialist. If you are buying a home look for a skilled buyer’s agent. There is a huge difference between a real estate agent who works with sellers vs buyers!  Differences Between a Buyer’s Agent and a Listing Agent Considering how much money may be on the line when you are buying or selling a home, you want to know that the Realtor you hire is be

Managing Your Bottom Line Insurance costs continue to rise, although industry experts predict rates will increase at a slower rate or remain flat in 2015.  Commercial insurance  saw a modest 3% increase overall in the third quarter of 2014. Compared to increases as high as 6% in previous years, that’s a welcome bit of news. The asking price for homes (market value) likely influenced the diminished growth. According to  MarketWatch , although some metropolitan areas are still accelerating home prices are flattening out in many markets. If you’re going to manage your own properties, it’s imperative that you research state and federal requirements about coverage  and  understand your options. Coverage varies from state-to-state and depends on the company you choose, but here are some options to consider. Comprehensive: Covers property owners from sudden loss not excluded elsewhere in your policy. Named Peril Coverage: Covers specific natural and accidental damage from specific ev

Selling your home can net you a big return. But what does the taxman have to say about it? Taxes on capital gains can get you big-time in certain situations, so it is important to understand how capital gains applies to your home sale before you try to rake in the money. Luckily the rules have changed since 1997, making it easier for you to sell your home and realize a profit. This is good news for anyone wanting to sell a home right now. U nderstanding how capital gains work when selling a home is important. New Real Estate Capital Gains Rules After 1997 If you sold a home pre-1997, you may be surprised to hear about the generous tax break you can get on your home sale. This is because the current laws went into effect on May 7, 1997. This law is referred to as The Tax Payer Relief Act of 1997. Before this time, you had to take the profit from your home sale and use it to buy another, more expensive house, within a period of two years. If you didn’t do this, taxation on your pro