Team Thayer Property Servicing

Justin Lee Thayer / Oregon Property Disclosure Statement A seller’s disclosure form is an opportunity for the buyer to learn about know damages to the property while also providing insight to the seller’s experience in it.  This form includes the seller’s knowledge of the condition of the property as of the date signed by the seller. The form is not a warranty of any kind by the seller and is not a substitute for any inspections or warranties the buyer may wish to obtain. The form will indicate what items the property has but not does not mean they convey such as appliances.  Disclosure forms reveal things such as any physical defects to the house along with hazards such as lead paint. It is the buyer’s responsibility to find out any past damage inflicted to the house. Seller’s disclosure forms can reveal things such as: Leaky windows Damages to walls Any construction that is nearby Natural hazards around the home Borderlines for property Any deaths on the pro...

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...

Elizabeth Thayer Team Thayer   The home inspection is one of the most important hurdles to clear in a real estate transaction. All real estate agents should attend home inspections! When buying or selling a house, the home inspection is a vital part of the process. What the inspector finds and says during and after the inspection has significant influence on the final sale, so of course it only makes sense for everyone involved – the buyer, the buyers agent and the sellers agent to be there. Yet many times, you will find buyers following the home inspector around with no Realtors in sight. A good agent is an advocate for his or her client, and therefore should be there at the home inspection to represent that client. Whether the real estate chooses to be one step behind the inspector the whole time, or wait quietly in the background to answer the client’s questions, will depend on the agent. But you can always spot a careless or uninvolved Realtor by his or her absenc...

Oregon Short sale expert Elizabeth Thayer  A short sale is when a property is sold for less than its remaining mortgage principal balance, and executed as a way for both the existing home owner and mortgage lender to reduce their respective losses by avoiding a foreclosure. Typically, short sales are reserved for situations of extreme financial hardship; just prior a bank beginning foreclosure proceedings. Short sales are not automatic, however. Home owners must often prove the merits a short sale to their lender, which often involves documenting that selling the home for less than its worth is the best and most viable option for all parties involved. The short sale process starts with a letter of hardship from the current homeowner. To prove the short sale worthiness to the bank, the listing agent should have already started the process for your seller with their lender and got the ball rolling by submitting a cover letter which explains their hardship, as well ...

5 home selling mistakes with Team Thayer 1. Trying to sell your home yourself In this DIY era, the urge to try to sell your home yourself to save money can beckon like the smell of oven-fresh cookies at an open house. Resist.  Working with a licensed agent  helps ensure you’re not leaving money on the table as a result of an off-target listing price or a mistake in the many steps that lead to a final sale. Sell your sofa yourself online. List your home with a professional. 2. Picking the wrong Realtor Not all agents are equal. Just because your college buddy dabbles in the industry doesn't mean he’s the best guy to sell your home. You want experience. You want to  work with an agent  who has a depth of knowledge. Invite your buddy to the house-warming party.  Find an agent  who can truly perform. Do you research.  Top Home Sales Mistakes 3. Pricing your home too high Sometimes it’s good to aim high...