Team Thayer Property Servicing

Whether you are buying a car, real estate or even just a bottle of wine, people are always looking for the best possible deal. It may go without saying, but people love bargains. It may even be safe to say that people covet the real estate bargain most of all. A property listed below $50,000 may seem too good to be true. However, that is not always the case. Upon closer inspection, the property may need more work than meets the eye. While some properties are well worth their low sticker price, others may require so much work that their  value  isn’t worth the purchase. If you are on the fence as to whether or not an inexpensive property is right for you, here are some pointers to help with the decision: 1. Location:  Location  is one of the first things you need to look at when attempting to determine value. If there is no demand, a cheap property will do you no good. You should never make an opinion about a property without researching the area. Some seemingl...

Team Thayer Real Estate News An estaimated 1.5 million "boomerang buyers" – those negatively affected by the housing crisis – could re-enter the housing market at some point in the next three years, according to a  study  released by TransUnion  on Wednesday. Boomerang buyers include those who are 60 or more days delinquent on a mortgage loan, have had a mortgage loan modified, or have lost a home through foreclosure, short sale, or deed-in-lieu of foreclosure. TransUnion estimates that about 700,000 boomerang buyers could re-enter the mortgage market in 2015, and another 2.2 million could re-enter the market over the next five years. "Based on our study findings, the burst had a significant and dramatic impact on many consumers' ability to re-enter the mortgage market after suffering through the downturn," said Joe Mellman, vice president and head of TransUnion's mortgage group. "It's been over seven years since the beginning of the mor...

Concerns about the potential impact of higher interest rates have sent  real estate investment trusts on a roller coaster ride this year, after chalking up double-digit gains in 2014. Despite their recent fickle behavior, however, this asset class belongs in the diversified portfolios of long-term investors, experts say. What's more, the volatility could provide a buying opportunity. A REIT is simply a company that owns or finances income-producing real estate. Most REITs are traded on major stock exchanges, and investors can purchase a share of the REIT just as they would any other stock. One major draw of REITs is that they provide investors with a  regular income stream , as they typically pay out their taxable income as dividends to shareholders. In the low interest-rate environment that has prevailed in recent years, income investors have turned to REITs to generate potentially higher rates of return than more traditional income-generating investments, such as ...