Team Thayer Property Servicing

Oregon Measure 91 As marijuana becomes legal in Oregon, those in the real-estate industry are finding the new laws have implications for properties of every variety, from residential to industrial to retail. Some of the issues pertain to the growing and processing of the plants; others pertain to the use of it in a rental property or one governed by a homeowner’s association. There are also some things that home buyers need to be aware of, to ensure they know what they’re purchasing. At the same time, some real-estate professionals are using this as a business opportunity nation wide. For example, the 420MLS is a website where people can find and post marijuana business opportunities, commercial space for future “cannabusinesses,” and marijuana-friendly living spaces. Another listing site for Colorado is PotProp.com. Legalization of Marijuana in Oregon The following are possible ways real estate may be affected by the legalization of marijuana in Oregon. Increas...

Price is almost always negotiated, but there are other times when a seller will need to negotiate further.   Technically everything is negotiable. The most common negotiations are listed below. Price When it comes to the price of a home, sellers have an ideal price in mind, and so do buyers. The goal is to somehow meet in the middle. While a buyer’s “lowball” strategy may work on occasion, many times it is seen as insulting to a seller. The same thinking applies to a seller. If your home is priced to high, it may quickly be scratched off the list when a buyer is choosing homes to visit. A knowledgeable and experienced Realtor will price your home correctly from the start and use their negotiating skills when it comes time to accept or reject an offer. Appliances If a seller has just renovated their kitchen and appliances, this can be a good tool in negotiating price. For example, when a buyer is offering below the asking price, the seller can counter with a higher...

Tips For First Time Home Buyers With all the excitement of becoming a  first time homebuyer  it is easy to get caught up in the thrill of owning your own home. Before you sign any papers there are things you will want to consider. Credit:  Before you purchase a home you want to make sure you credit is in good standing. Poor credit can drive up mortgage rates and make it virtually impossible for you to purchase a home you may be interested in. Location:  One very important thing first time home buyers have to think about is the location in which their potential home is located. Long Term Plans:  Always make sure you take the future into account before you lock yourself into any FHA mortgage or agreement. How long do you plan on living there? Are you planning on having any children? You never know when your situation may change so make sure you plan ahead. Check And Re-Check:  Don’t let the thrill of becoming a first time home buyer give you itchy fi...

Pending Home Sales Rise to Highest Level in Nine Years The  National Association of Realtors  (NAR) recently reported in their  Pending Home Sales Index  (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady gains in contract activity each month this year highlight the fact that buyer demand is strong,” said Lawrence Yun, NAR chief economist. "Realtors are saying foot traffic remains elevated this spring despite limited—and in some cases severe—inventory shortages in many metro areas. “ The index is a forward-looking indicator based on contract signings, NAR reported. It increased 3.4 percent to 112.4 in April from a slight upward revision of 108.7 in March and is now 14 percent above 98.6 in April 2014. This is the largest annual increase since 15.1 percent in September 2012. Year-over-year...

The  April 2015 First-Time Buyer Mortgage Risk Index  (FBMRI) for Agency loans increased by nearly a full percentage point year-over-year up to 15.28 percent, indicating that those mortgage loans are moving deeper into the high-risk category, according to data released this week by the American Enterprise Institute (AEI)'s  International Center on Housing Risk . Risk layering is largely responsible for the increase in risk on mortgage loans taken out by first-time buyers, according to AEI. Seventy percent of first-time mortgage buyers in April 2015 had a combined LTV ratio of 95 percent or more and 97 percent of them had a 30-year term. Without substantial home price appreciation, the low down payment and slow amortization makes it likely that these first-time buyers will have very little equity in their homes for many years. Also contributing to the higher risk among first-time buyers is that approximately one-fifth of them fit the traditional definition...

Imagine 3 appraisals on one property, and all of them have a different value. How can appraisers have any credibility when there is so much difference? I hear this question all the time, so I wanted to pitch in some thoughts to hopefully strike a balanced conversation for home owners, agents, and appraisers. Here are three points to consider for perspective. Any thoughts? Range of Values:  We like to think value is incredibly precise, but one of the best things we can do is realize there is a range of value in real estate. This means realistically buyers might be willing to pay anywhere between $330,000 to $340,000 for a particular property instead of such an exact figure of $334,568. The same is true when we buy a new car or even buy something on Craigslist. Rather than being tied down to one exact figure, we often recognize there is a price range we’d be comfortable paying. We might think of a Camry as having a value anywhere from $21,500 to $23,000 or a used bookcase being...

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When buying a home, mortgage lenders tend to be very strict on whether or not they will allow you to take a loan for a mortgage as a result of the recent housing bubble and consumers defaulting on loans. If the lender that you are speaking with is asking a lot of questions, don’t panic! Usually they are trying to figure out ways to assist you in getting the best possible mortgage rate. When working with a lender, you must first educate yourself on the standards that they are going to be looking at when it comes to whether or not they will provide you with a mortgage. Mortgage lenders are chiefly concerned with your ability to repay the mortgage. To determine if you qualify for a loan, they will consider your credit history, your monthly gross income and how much cash you’ll be able to accumulate for a down payment. Once those factors have been explored and you have been approved for a loan by one of the mortgage lenders, be sure to prepare yourself for buying your dream home. Be su...

3987 Eddystone Pl Eugene, OR Excellent Deal on a 5 bed 3 Bath SHORT SALE ! Very large home in Good condition! Description Features Photos Map Calculator Walk Score Schools Contact 4Bd/3Ba Single Family House $265,000 Year Built 1996 Sq Footage 2158 sqft. Bedrooms 4 Beds Bathrooms 3 Baths Parking 4+ Garage Laundry In Unit Lot Size 8712 Square Feet Virtual Tour www.teamthayer.com Website www.teamthayer.com Description Corner lot partially backing wooded common area. Newer laminate flooring, gas fireplace, skylights, vaulted ceilings, vinyl windows, great room off kitchen, formal dining plus eating bar, tile counters, and gas range. Large deck area, auto sprinklers, shed & RV parking. click on a thumbnail to enlarge               Make an Inquiry Team Thayer 541-543-7287 Key Realty Group Inc. Email Address *

As economists had expected, the  latest employment numbers from the Bureau of Labor Statistics  show that with the U.S. adding 217,000 jobs in May, the number people in the workforce has finally surpassed pre-bust levels, to a new all-time high. Unemployment is still higher than most would like — 6.3 percent by the most commonly employed measure, and higher by others. The so-called U-6 measure, which includes 7.3 million people working part-time because that’s all they can find, stood at 12.2 percent,  notes Calculated Risk blogger Bill McBride . Long term unemployment remains a key problem, McBride says — 3.374 million unemployed workers have been on the hunt for a new job for more than 26 weeks. But overall, “this was another solid employment report,” the widely followed blogger wrote. McBride says he’ll be retiring what some readers have called the “scariest jobs chart ever,” which he’s been running to show the severity of the downturn, “until the next recessio...

There are many reasons why a home is not selling. Some reasons carry more weight than others. Here are 7 common reasons why your home isn't selling. Who is your Sales professional?   Every real estate market has hundreds or even thousands of real estate agents in their respective board. Just like “no two people are alike,” “no two real estate agents are alike!” Every real estate agent has different ways of communicating, how responsive they are, how they negotiate, their energy level, and many other characteristics that differentiate one agent from another. Selecting the “right” real estate agent to sell your home is a vital part of whether a home will sell. Both their budget as well as mastery of  negotiation & marketing makes such a huge difference.  What is the Marketing  Plan?  According to the National Association of Realtor's, 92% of home buyers use the internet for their home search. Is it important to have a real estate agent who is...