Raymond Poppe

When the Real Estate Market hit it's peak in 2005 people were buying homes that they could barely afford. During the course of ownership many Home Owners found it difficult to maintain their homes. There was just no money left to upgrade heating systems, put on a new roof, paint the exterior of the home and the list goes on. Some people feel sorry for these Home Buyers, but you have to remember most of them purchased these homes with no money invested so when they foreclosed or short sold their home, they had nothing to lose.

Here comes the Silver Lining. We are now seeing homes being sold at great prices. This has increased the interest of Real Estate Investors buying up these homes. I work with a number of these investors and all of them are buying and updating, repairing and improving these properties. Some of them are reselling these homes after they improve them and others are keeping them as Rental Properties. This, in turn, improves the neighborhood in which they are located, which improves the image of the cities they are in, which increases property values. I know I would prefer driving through a neighborhood, town, city in which the homes are well kept and not dilapidated and falling apart. It is not only the Real Estate Investor who is buying these homes but also qualified First Time Home Buyers who are taking advantage of the low Home prices, low interest rates and have some cash available to improve these properties.

With all the doom & gloom being talked about in the Real Estate Industry I thought this might make people find something positive in all this mess, the proverbial Silver Lining.

If you want to learn more about these great opportunities to purchase properties at low prices, visit my website www.raypoppe.com or contact me at ray@raypoppe.com.

This nicely updated two bedroom ranch style condominium just sold for $166,200. With beautiful hardwood floors in the main living area, newer appliances, a three year old central air and heating unit, finished lower level and one car garage. The Birchwood condominium complex offers low HOA fees with great amenities including a pool, tennis court, hiking, clubhouse, and playground.

Danbury, Connecticut Ultimate Birchwood Condo for $185,000

Overview Maps Photos Description

$185,000 Condominium Main Features 2 Bedrooms 1 Bathroom 1 Partial Bathroom 1 Unit Interior: 1100 sqft Location 27 Crows Nest Lane Unit 5C Danbury, CT 06810 USA Status Sold To get updates on open home dates and other property events, please click the "Like" button below:

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Raymond Poppe McCaffrey Realty Professionals (203) 733-9552 ray@raypoppe.com http://www.raypoppe.com Listed by: Ray Poppe

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ARE YOU THINKING OF BUYING OR SELLING?

Well What Are You Waiting For?

Tomorrow May Be Too Late!!

The Obama administration and the Republicans are proposing Mortgage Reform. This reform would eliminate Fannie Mae & Freddie Mac, the two government sponsored enterprises that control half of the nation's $11 billion mortgage market. Over the past 2 years the government has been involved in over 90% of all mortgages. The plan calls for the implementation of a system that would use private backed capital instead of Taxpayer's money. The plan is to be implemented over the next 5 years and we are already seeing changes.

So how will this potentially affect you as a Buyer or Seller?

• MORTGAGE RATES

There will most likely be a limited supply of money in a Private Backed Mortgage System. Limited supply of money leads to higher rates. We are already seeing banks raise the FICO scores necessary to get the best interest rates, technically raising Mortgage rates. Higher rates reduce buying power and in turn reduce the number of Home Buyers.

• FIRST TIME HOME BUYERS

Since Freddie & Fannie have programs to help the 1^st time home buyer, their elimination would make it more difficult for these individuals to enter the Real Estate Market. It is also expected that Lenders will require more money down, 10%-20% vs. 0%-3.5%.

• TRICKLE EFFECT

Fewer 1^sttime home buyers make it harder for present home owners to make the move up to a larger home for their growing family. Fewer Move-Up Home Buyers make it harder for Empty Nesters to sell their larger homes allowing them to downsize into their retirement home.

• HOME PRICES

Fewer Home Buyers, in all facets of the Real Estate Market, as well as Higher Interest Rates will cause Home Prices to fall. Following the Economic Basics of Supply & Demand we could have a double whammy. Less Demand & an Increase in Supply equals LOWER PRICES! In addition it is expected that there will be 1.5 million foreclosures in 2011 and that's not including the large number of anticipated Short Sales

Are you a Home Buyer/Seller or do you know someone who is?

Now's the time to make a move before the changes affect your future.

Home Buyers: I can help you find that perfect Home and keep you informed on which Lenders have the best lending programs.

Home Sellers: I can help you price your home to sell and generate the Home Buyers to get it sold.

Contact RAY POPPE at 203-733-9552 or ray@raypoppe.com

CT Licensed Realtor/Broker at McCaffrey Realty Professionals