Team Thayer Property Servicing

How tough are VA appraisal guidelines? Any appraisal will help a lender determine a property’s value. But VA appraisals go beyond conventional appraisals by incorporating a second function: ensuring that homes meet the  VA’s Minimum Property Requirements (MPRs) . Veterans need homes in good repair, not dicey money pits. In pursuit of that goal, MPRs establish basic standards  for a home and its contents. Electrical and plumbing systems must be in good condition, roofs must be defect-free and basements must be dry. Homes that fail to measure up to VA MPRs can’t be financed through the VA loan program. VA appraisal guidelines can be strict and can eliminate fixer-uppers from contention. Many of the guidelines can be frustrating for military buyers who are considering older homes in need of renovation. But it’s important to note that VA appraisal guidelines aren’t as different from modern conventional appraisal standards as they once were. Thanks to the housing market m...

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 i...