Team Thayer Property Servicing

Bad tenants are bad news! Renting to a person who refuses to pay their rent can cost a landlord thousands of dollars. A destructive tenant may end up damaging your property and racking up huge repair bills. Other nightmare renters can fight eviction, and the worst case is a renter who harms other tenants or even you! A landlord’s lackadaisical approach to tenant selection can end up biting him in the end. Here are 6 common mistakes that cause good landlords to end up with bad tenants: #1: Failing to run proper  tenant screening  checks.  This error can cause you to miss big red flags that would steer you away from certain rental applicants. A tenant criminal background check can show you the applicant’s potential for being dangerous or destructive. A tenant screening credit check could alert you to a person’s problems with huge debt, or overall financial instability. Eviction records can return evidence of a person’s past evictions. All of this information is impo...

Real Estate is similar to most other industries in that your professional must be licensed in the state they are doing business, so how can your friend or family member who may be over 2,000 miles across the country help you find an ethical, trust-worthy agent to represent your best interest? The answer is easy! Ask for a referral. We all want to do 'good business'. Part of good business is trusting who those close to us have trusted in the past. Most agents take referrals very seriously. We work hard and strive to pro-actively build a strong network of agents across the country and around the globe. We know we live in a mobile society and we can't be bound to just one geographic location, but we also can't realistically be licensed and service everyone in every state.  Here at the Greenleaf-Elving Group, we dedicate several hours each week just to agent outreach and networking. When we travel, we reserve time to meet the agents and office managers in that...

'Boomerang' Buyers Get Second Chance About 7.2 million homes have been lost to foreclosure or short sale since the housing crash began, according to housing data from Black Knight Financial Services. That has forced millions of former home owners into renting, as they work to rebuild their credit. But a government program launched last summer by the Federal Housing Administration is helping these former home owners step back into home ownership in as little as a year after a foreclosure or short sale. The  FHA’s Back to Work program  allows them to qualify for low interest rates with a minimum of a 3.5 percent down payment. Applicants must show that the main culprit behind losing their home was that they lost at least 20 percent of their household income for at least six months. They also must show they’ve worked to repair their credit for at least a year. Lenders are reporting an uptick in boomerang buyers coming in to explore financing opportunities for a home pur...

Rising home prices propelled 3.5 million U.S. properties out of negative equity in one year, but the number of underwater mortgages will shrink at a slower pace in the future as price appreciation cools, according to data released today by CoreLogic and Trulia. Approximately 6.3 million properties, or 12.7 percent of all U.S. mortgaged properties, were underwater in the first quarter of 2014, according to CoreLogic. That’s down from 6.6 million homes, or 13.4 percent of all U.S. mortgaged properties, in the fourth quarter of 2013, and 9.8 million homes, or 20.2 percent of all mortgaged properties, from a year before. The rapid price appreciation that has lifted so many homeowners out from underwater has slowed recently.  Asking prices were up 8 percent in May from a year ago , the smallest bump in 13 months but still far above the historical norm, according to the latest Trulia Price Monitor. The home-price slowdown has tempered gains in “hyper-rebounding markets,” like Las...

Understanding The FHA Short Sale A homeowner may be eligible for an FHA short sale if the hardship of seller is determined by the HUD. The government has its involvement in short sale so almost all the FHA short sale falls under the Housing and Urban Development guidelines. A short sale may be tricky and confusing to understand for agent and sellers.  Below given tips may be helpful to understand the FHA short sale. FHA Short Sale Guidelines If the short sale is on the short track to nowhere, then there are chances that it is stuck in the FHA waterfall. FHA may want to look for loan modification possibilities. Your FHA short sale process will be much faster if your loan modification was rejected. The home is identified as 1 to 4 units. This means a duplex or fourplex can qualify for the FHA short sale, but a 5-unit apartment building cannot. Vacant houses are not allowed to be renting out more than eighteen months.  A variance must be obtained to proceed th...

Say happy work anniversary! Justin Thayer 10 years this April Key Realty Group, LLC Like ( 1 ) Say congrats ( 8 ) 3d ago   Doug Hall   Congrats Justin!!! 3d ago Ron Nix   Congratulations! 2d ago Larry Go Ducks Newby   Congrats! 2d ago Mike Grudzien, MS (1,500+)   Congrats! 2d ago Becky Shiffer   Congratulations! 2d ago Cynthia Howard   Justin: Congrat's on being at Key Realty Group! We at Key Realty Group are so happy to have you here. Your expertise in REO's is invaluable! 2d ago Bob Barnard   Congrats! 2d ago Luke Rabun   Congratulations, Justin! Remember Oregon Home Inspections when you need your next home inspected. www.orhomeinspections.com 2d ago LOOKING FOR A NEW HOME? Click ON THIS LINK:   www.teamtahyer.com

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five of those reasons. 1. The Most Serious Buyers Are Out Now Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. These buyers are  ready ,  willing  and  able  to buy…and are in the market right now! 2. There Is Less Competition Now Housing supply always grows from the spring through the early summer. The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale. 3. The Process Will Be Quicker One of ...