Team Thayer Property Servicing

Sales of distressed properties in April 2015 hit their lowest point since April 2007, according to a  report released Thursday by  CoreLogic . According to CoreLogic, distressed sales comprised 11 percent of home sales nationally in April. This is down 3 percentage points from last April and 1.5 percentage points from March. It is also far below the January 2009 peak in which distressed sales accounted for a third of U.S. home sales. Pre-crisis, distressed sales usually hovered around 2 percent, the report stated. CoreLogic expects the numbers to return to this mark by mid-2017, a claim bolstered by the ongoing shift away from REO sales. REO sales made up 7.4 percent of total distressed sales in April, while short sales made up 3.7 percent. This shift, CoreLogic wrote, is a driver of improving home prices. The national numbers, however, are quite a bit lower than those in the five states with the heftiest shares of distressed sales. In Michigan and Florida, 21.7 perc...

1.  PAINT EVERY ROOM A DIFFERENT COLOR Before selling your home, it’s not necessary to paint every single wall white. What is important is to stick to a cohesive color scheme that is neutral and will appeal to lots of different people with different tastes. 2.  LET THE LANDSCAPING GO It may be tempting to save on the flower budget if you hope to be out of your home before the summer ends. But investing in a few flowers will make your home look inviting to potential homebuyers. Also remember to keep flower beds weeded, the grass cut, and trees and shrubs pruned. 3.  SMOKE INSIDE YOUR HOME If you are a smoker who smokes inside your home, stop as soon as you think you might want to sell! Cigarette smell is very hard to remove from a home and the sooner you stop smoking inside, the easier it’ll be. Plus, it’ll prevent you from constantly shampooing your carpets and washing down the walls while you’re showing your home. 4.  LET YOUR HOME FALL INTO DISREPAIR ...

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

WASHINGTON -- Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale. "Both sides of the equation are in a funk," said Glenn Kelman, CEO of the real estate brokerage Redfin. A 13.4 percent jump in the average price of a home sold last year, according to the Standard & Poor's/Case-Shiller 20-city index, hasn't managed to coax more homeowners to sell. And combined with higher mortgage rates, higher prices have made homes costlier for first-time buyers as well as for all-cash investors. In this Thursday, Jan. 9, 2014, photo, a for sale sign hangs in front of a house in Mount Lebanon, Pa. (Gene J. Puskar/AP Photo) Average prices nationally are expected to rise by single digits this year. The gains could be strongest in areas with solid job growth, such as Seattle and Austin, Texas. And while construction will put more homes on t...

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Many people believe  that house staging is a long, complicated process and can only be understood by professionals. This isn't true. You already have most of the knowledge and skills that you need. Though your main focus is selling the home, you also understand the buyer’s perspective. You've been there before so trust your instincts. Try to remember what you were looking for as a buyer. You bought your house. Why? What was it about the house that you live in that stuck out to you? Don’t underestimate your knowledge. You know your house better than anyone else. When getting ready for a buyer, simply learn to accentuate the positives of your home. Think big picture but don’t forget about the little details. Every little detail of your home should reflect the value of your home. Exterior The first impression  is the only impression. Even before prospective buyers enter your home, they will already make judgement on your house. Based on this philosophy, the exterior of the ...

Consumers are often swept along by the intricate advertising campaigns of banks and other lending institutions that are busy to promote the next big thing in home financing. And these campaigns always project the bank as this institution that always have the interests of the public foremost in their hearts and how they are always trying to look out for the best interest of their clients. That is their story! The truth is these financial institutions are in business primarily for themselves. When they sit in their fancy shareholder meetings, they do not discuss customer care programs. No sir, they are talking hard cash, profits, and how much their shares have grown. This knowledge should be no surprise; you would have done the same thing if it were your business. Why then are we so easily sucked in by their cleverly orchestrated promotion campaigns that so cleverly convey how very good the banks are for us and all the effort they put in to accommodate the public that they serve. ...

It's just human nature to simply want to  understand  things, especially important things (such as  your home mortgage ), so in this post we're going to explain what generally happens after you buy or refinance a home and why your loan may be "sold". First of all, the vast majority of  mortgage lenders  will only fund loans that either "conform" to Fannie Mae or Freddie Mac underwriting guidelines (these are called conventional conforming loans), OR meet the minimum standards set forth by FHA, VA, or USDA (these loans are backed by the government with "insurance" or a limited "guarantee" against default). By only funding these  types of loans , rest assured the mortgage lender can turn around and sell the loan to Fannie Mae, Freddie Mac, or Ginnie Mae (Ginnie Mae typically buys government loans).  But what does it mean to "sell" a loan? First, we must must take a step back and think about what a mortgage loan actually i...