Team Thayer Property Servicing

1.  Potential Foundation/Structural Problems One of the most costly repairs to a home is correcting foundation problems.  The foundation of a home is arguably the most important part of a home.  A home with a problematic foundation can cost a home owner thousands of dollars to correct a problem. When looking at homes, it’s important to be aware of the foundation.  If the home has an unfinished basement it can be relatively easy to see if there is any cracking in the foundation.  Minor cracking may only be a sign of settling in the home, however, large cracks can be a sign of structural problems with the foundation. If a home doesn't have a basement or has a finished basement that doesn't allow for you to look at the foundation, another way to tell if a home is possibly experiencing structural problems is by looking at the door frames throughout the home.  If the door frames seem not to be square or the doors seem to have difficulty closing, it’s...

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...

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...