Margaret Shea

What's the best investment one can make in uncertain times as inflation looms? How about for a roof over your head? Not only has real estate increased in value over the long term as an asset, but for qualified buyers the benefits of having a place live and call your own cannot be underestimated. With the stroke of his pen, President Obama signed the legislation approved by the House and the Senate to extend and expand the IRS Tax credit for the purchase of a primary residence. The National Association of Realtors has provided a great chart outlining the credit Here's the link!

http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit

Margaret Shea, Realtor with William Raveis Real Estate has earned the Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offers as Connecticut is experiencing an increase in "distressed" homes that are or will soon be in some stage of the foreclosure process.

A short sale allows a qualified, cashstrapped seller to repay the mortgage at a dollar amount lower than what is owed on the property. This proactive measure can save many homeowners from the devastating effects of foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

Distressed proerties occur in all price ranges. Many time, an accumulation of minor issues can cause an otherwise financially stable family to spiral quickly into distress.

"This CDPE designation has been invaluable as I work with seller and lenders on complicated shor t sales," said Shea. "It's been rewarding to be able to help sellers save their homes from foreclosure."

For a confidential consultation at no charge about how a CDPE can help you or someone you know, contact

Margaret Shea, Realtor 203-525-5837 or sheam@raveisre.com

Contact your Realtor for information on how your home can be part of the

Prospect Monthly Town Tour for November, 2009!

The Prospect Town Tour is supported by your local Realtor and is an opportunity for Realtors to view the homes on the market in a caravan style each month. Many of the homes featured on the monthly caravan have sold and closed. Call your Realtor!

Brokers participating in the previous tour include:

Pavlik Real Estate

ReMax Partners

Smedes Realty

William Raveis Real Estate Cheshire

For information call your agent or, if you do not have an agent and would like general info:

Margaret Shea sheam@raveisre.com 203-758-3548 or 203-525-5837

William Raveis Real Estate

Open Sunday May 31st 1-4 PM

Brook Garden Estates! New listing set on private acre is a National Wildlife Habitat! This 4 BR colonial with farmhouse porch features master suite with whirlpool bath, double walk-in closet, expanison room for office or nursery. The first floor features a spectacular entry foyer with large coat closet, a 28 ' kitchen with center isle, hardwood, tile & berber carpeting, living room with gas fireplace, and first floor office with French doors, There's plentyy of room in the lower level walk-out for expansion. A must to see with perennialsand herb garden! $389,500

Margaret Shea, Exclusive Lisitng Agent 203-525-5837

sheam@raveisre.con

Open Sunday, June14th! 104 Royal Crest Drive, Prospect Now $500,000! Spectacular Value !

10 Room, 4 BR 3.5 bath Colonial on the cul de sac with 3312 square feet above grade and additional space in lower level!

Gourmet granite, stainless and hardwood kitchen with walk-in pantry, dining room with tray ceiling, family room with fireplace, dream master suite with whirlpool tub, tile shower, granite & hardwood vanity, two laundries, 2nd floor game room, 1st floor full bath, so many details! Aesthetically, a delght!

Amenities include central air, hydro air, motorized chandelier, Marvin Integrity windows with low-E glass, 3 car oversized garage with automatic door openers, Trex deck, so much more!

Call Margaret Shea, Realtor 203-525-5837 sheam@raveisre.com