Team Thayer Property Servicing

Housing prices have been steadily rising over the last three years, and are back to pre-crisis levels: Torsten Sløk, Deutsche Bank After the Great Recession, many millennials were forced back into their parents' houses, with nearly 15% of adults aged 25-34 living at home in 2014,  according to the Census Bureau . Sløk observes that this trend may be starting to turn around: Rates of household formation have been surging recently, likely fueled by those millennials moving out. This could lead to a huge jump in housing demand should this surge continue: Torsten Sløk, Deutsche Bank That same millennial cohort has seen a big recovery in employment, which could lead to further household formation and housing demand: Torsten Sløk, Deutsche Bank Meanwhile, the aftereffects of the burst of the mid-2000s housing bubble are beginning to subside. The share of distressed sales among all home sales is way down: Torsten Sløk, Deutsche Bank Foreclosure rates ar...

Why your  home  isn’t selling. Pay close attention to this article. The housing market is off to a slow start this year. Initial data found that homes nationwide spent an average 102 days on the market. It’s in the sellers’ best interest to keep that figure low. Experts say that buyers tend to think that there must be something wrong with a longstanding property, and that can signal room for negotiation in the price. Here’s ways to help you sell faster at a higher price and avoid the constant question “Why Isn’t Your Home Selling”? Timing Most real estate professionals say Spring is the best time to list. But that’s a pretty big window. Aim to list after the first wave of sellers in January and February, and before the influx of buyers in April and May, which will mean your listing pops up when most buyers are starting their hunt, boosting the average sale price by 2 percent. Nationally, that timing works out to the last two weeks of March. DDIY –  D...

Buying an Existing Home Advantages:  2 main advantages of buying an existing home is convenience and cost. Also having a qualified  real estate agent  to guide you through the process is a huge advantage. The convenience of being able to move right away is one of the strengths for people buying a new home. This is especially true for people on a tight schedule for people getting a new job or children starting a new school. For the cost, in many cases it is cheaper to buy an existing home especially since prices have dropped in the past year. Finally one last advantage is being able to live in an already established neighborhood with mature landscaping. Disadvantages : One of the biggest disadvantages is that you won’t get exactly what you want in a home. The bathroom may be off, the floor plan might not fit your needs, and some of the older homes are functionally obsolete. Unless you are able to find your perfect home that has everything you want, you will have to...

The Only Way To Get Rich Fast In Real Estate is to sell a book about “The Easy Way To Get Rich In Real Estate”.  In reality, if you want a Get Rich Quick scheme, real estate is not your best bet.  Just for the record…there is NO Easy Way To Get Rich In Real Estate. You CAN however, purchase investment property, make money and increase your wealth over time.  Most real estate investments make very little money each month (over putting some money away for reserves) but make money in the long haul. There are some successful “flips”, but that takes a pretty substantial understanding of construction techniques and you should always be able to rent the property if need be.  Flips are doable, but take more capital, entail more risk and should only be attempted if you have experience. The goal of most Real Estate Investing is that you have someone else pay your mortgage and increase your equity in the subject property.  Over time, when you reach a certain loan t...