147 Elm Street Thomaston, CT 06787 24x7 By Appointment 203-994-3950

What A Connecticut Buyer Needs To Know About HUD Homes

There are multiple ways of investing in real estate. An HUD home is one of the options. If you are thinking about buying an HUD property, read on to get more details about such an investment:

Definition: HUD homes are those homes which belong to the Department of Housing and Urban Development because they are foreclosed due to the home owner’s inability to repay the FHA mortgage. An FHA insured loan is a mortgage loan given by a Federal Housing Administration- approved lender which is insured by the FHA. The HUD department seizes the property and makes the payment of the mortgage to the lender and becomes the owner of the property. The original owners are evicted from the property.

Process: Generally, the HUD department offers the property at a discounted rate just to sell off the property as soon as possible. However, priority is given to those buyers who are looking to make the property their primary residence. Only if the HUD is unable to sell the property to such buyers, the home becomes available to all types of buyers and investors. Anyone who has the required financial backing to buy the property either with cash or through loans can invest in an HUD home. HUD does not offer direct loans to buyers.

Tips for buying HUD homes:

  1. There are many competitors for an HUD home because of the attractive price at which it is available. In case you are interested in an HUD property, you need to move fast to acquire the property before someone else’s offer gets accepted. You can get a pre-approval for a loan so that you can immediately purchase the property if the offer is accepted.
  2. Doing research is of utmost importance to know more about the history of the property. In many states where disclosure laws are not in place, the buyer is not notified about the dubious history of a property. In such cases, you suffer a big loss by investing in properties which are not fit for habitation. Home inspection is indispensable to ensure that the HUD property is worth investing in.
  3. To get more information about a particular HUD property, you can visit the MLS portals that list HUD homes or you can get in touch with the FHA Resource Center.

It is better to take precautions rather than regretting the investment decision after the deed is done.

What A Connecticut Buyer Needs to Know About Foreclosures

If you are considering an investment in a foreclosure, here’s everything you need to know about such a purchase:

Definition: A foreclosure refers to a mortgaged property which belongs to a homeowner but is seized by the lender because the owner is unable to make the mortgage payments consistently for a certain period of time. The property does not belong to the lender. He just takes possession of it to sell it and get his money back.

Pros of buying a foreclosure property:

  • Great deals- The lender who is foreclosing the property does not wish to hold the property for a long time. So the chances of getting the home at a discounted price are high. The lender is usually willing to sell it at a lower price to get back the bulk of his capital.
  • Moving up- This point is related to the previous one. Foreclosures can be found in every price range and the properties also vary from single family homes to luxury estates. If you are thinking of moving up, you can find a great home at a good price that you could not have otherwise thought of buying at the regular price. You can get a ready home for moving in and save significant amount money at the same time.

Cons of buying a foreclosure property:

  • Lack of guarantee- The foreclosure buying process generally takes normal than usual because of the red tape involved. There is extra paperwork and the involvement of multiple parties- the property owner, lender and other lien holders. They all need to approve your offer price before the transaction can move forward. In some cases, lenders try to get a higher price for the property to compensate for the hassle. So negotiation can also eat up time. Even after agreement, there is no guarantee that you will become the owner because the contract can be canceled for any reason before closing.
  • Repair costs and debts- Buying a foreclosure property is very risky because you inherit the debt that comes with it. The principal lender gets his money but the remaining debt in the form of unpaid taxes, equity loans and construction loans need to be considered. It can be a great financial burden on you. Also, the house may require repairs which the original owners may have neglected due to lack of funds. You need to check these damage repair costs and other debts associated with the property before purchasing.

It is important to be careful and thorough while buying a foreclosure property to ensure that you benefit from it rather than regret it later. Taking the help of a professional real estate buyer’s agent can be helpful.

 

Two Real Estate Seminars One Date

Maximize Your Equity, Increase Your Profits

Learn how to maximize the equity of your home, investment property. The media will help separate you from your money by promoting ways to increase value. Don’t be fooled you can improve your way into bankruptcy by using the top ten improvement list that only returns fractions of your investment.

Steve Schappert has been helping banks, property managemt companies, investors, home owners and Realtors for over 30 years. Schapperts expertise is increasing the equity with improvements that make a profit. Don’t miss out on his secrets!

Staging Your Investment Property

Connecticut Paint & Connecticut Home Staging & Redesign come together to share tips and tricks that have been learned over 30 years of maximizing real estate values.

Connecticut Home Staging & Redesign will present facts on the benefits of staging vacant properties. Laura Morgan has been staging homes for investors in the Danbury area for the past five years and has a successful track record for quick sales on her investor staged properties. Connecticut Home Staging & Redesign is the only staging company in CT with a private inventory of furniture, art, and décor and caters to investors.

Free Event

Lunch & beverages will be provided at noon

Questions?  Call Steve Schappert  203-994-3950 Email or use the form

New Real Estate Career in 2018?

They Laughed When I Said

I Only Represent Buyers

Then NBC Put Me On TV

I started my real estate career in 1994 with one of Connecticut’s largest real estate companies. I completed their 100 hours of corporate training and when finished I was able to be a cheerleader for the company but didn’t know how to fill out an offer to purchase. This was my first clue as to how things worked and I wasn’t impressed. I moved to a giant national company with 100% splits in exchange for paying rent and did better because I had more control. Next a good friend got her brokers license and gave me a very high split without office rent. So I went to a local landlord and proposed to open the Brookfield Information Center in his shopping center and was able to secure a 500 sf space for just $250 a month. The concept worked well and I prospered. Within six months I obtained my brokers license.

BUYERS TRUST WAS BORN in 1996 the first year buyer brokerage was legal in Connecticut. I sent a simple press release to my local paper and they ran it, “Buyer’s Trust Real Estate, The Only Buyer’s Broker in Brookfield.” The phone rang a few times so I sent a similar release to the regional paper, they ran it and the phone rang.

THEN NBC CALLED, they were creating a special feature for the tri-state area called, “Connecticut Waterfront Treasures”, I was asked if I could accompany Rob Morrison and a film crew to point out house values around the lake. The show aired and my phone rang, I got calls from doctors, lawyers and investment bankers from Connecticut, New York and New Jersey that wanted to buy a waterfront home. I was now the recognized expert so when Kiplinger’s Financial, Woman’s Day Magazine, The New York Times, Real Estate For Dummies & The Learning Channel (TLC) wanted to learn more about buying real estate, they called Steve Schappert and you should too! Call The Buyer Broker Now To learn From An Expert at niche marketing 203-994-3950

YOU WILL SUCCEED IN THIS BUSINESS BY MAKING YOURSELF STAND OUT. Becoming an Exclusive Buyer’s Agent and providing the best possible service for your clients could be the best choice of your life. Are you starting out in real estate or are you simply looking for a refreshing change? Doing things the same old way and following the crowd is a great way to ensure you never stand out in your market or above your competition.

EXCLUSIVE BUYER’S AGENTS ONLY WORK FOR EXCLUSIVE BUYER’S BROKERS. There is one EBA for every 1000 traditional agents in the country. EBA’s never take listings or provide seller representation. Exclusive Buyer Agents take pride in doing things right and not making excuses.

EXCLUSIVE BUYER’S AGENTS WORK SMART, NOT HARD. Referring listings is EXTREMELY profitable. They do all the work, pay for all the advertising, you get paid 20-40% for sending them the lead. Do the math!

TAKE A LOOK AT THE HORIZON IN YOUR TOWN. How many agents stand out in the market place, how many proudly claim to only represent one party in a transaction. Would you hire your soon to be ex-spouse’s attorney to represent your best interests in your divorce proceeding? The attorney has sworn to uphold the law, yet somehow I don’t see things going your way. You will pay for not having full representation for the rest of your life. Buying a home is most peoples largest investment and they appreciate having full representation.

LEGENDARY REAL ESTATE TRAINER SAYS TAKE A STAND, PICK A SIDE
Mike Ferry released a report suggesting agents pick one side of the transaction. “I believe the skill set of an agent who works with buyers is completely different than the skill set of an agent who works on listings. Yes, they both have fundamental skills that all salespeople need … the ability to manage your time, the ability to follow up on leads, the ability to prequalify, the ability to present, etc.”

Ferry went on to state: “… The skill set of a listing agent and buyer’s agent are different from that point forward, meaning the ability to present in a fashion that causes a buyer or seller to sign a contract.

… I (have thought) for years that when an agent gets their license they should have to actually declare, ‘I WANT TO WORK WITH BUYERS’ or ‘I WANT TO WORK WITH SELLERS.’ The majority of agents do not have the total package of skill sets to do both and, in most cases, aren’t willing to learn them because they are so vast…

Investors Love Exclusive Buyer Agents and Exclusive Buyer Brokers. Investors know it makes sense to work with a trained professional that has their best interests at heart. EBA’s know it makes sense to put their clients ahead of their own interests because they keep coming back to buy more.

UNSURPASSED EDUCATIONAL OPPORTUNITIES
90 hours of continuing education is paid for by the company when you work at Buyers Trust or Sellers Trust. Buyers Trust has teamed up with Mckissock to provide Learning solutions that give you a competitive edge through high-quality courses, practical on-the-job application and up-to-date information. Mckissock is the nation’s largest online CE course selection complete with top-rated, cutting-edge content. Best of all you can take the courses when ever you want in the comfort of your own home.

LOCATE, NEGOTIATE & RENOVATE: We also own a licensed and award winning renovation company.

Learn More http://www.buyerstrustrealestate.com/connecticutbuyersagent/

***We are also hiring exclusive listing agents. http://SellersTrustRealEstate.com

* DO YOU TAKE PRIDE IN DOING THINGS RIGHT?
* CAN YOU UNDERSTAND THE CONCEPT OF DOING THINGS DIFFERENTLY TO STAND OUT IN THE MARKET?
* DOES THE IDEA OF GETTING IN ON THE GROUND FLOOR WITH A SMALL ELITE TEAM SOUND APPEALING?
* WE ARE UNIQUE AND ONLY NEED ONE AGENT IN EACH MARKET PLACE
* WE ARE LOOKING FOR REBELS THAT HAVE AN INTEREST IN BEING PART OF AND PROFITING FROM THE CREATION OF A GLOBAL BRAND.

Call Steve Schappert Today 203-994-3950

[email protected]

Our Craig’s List Connecticut Employment Ads

Pictures Can Be Deceiving

Pictures Can Be Deceiving You Need A Realtor That Won’t Be. Wouldn’t it be great if you could have a contractor show you houses and point out problems (ie. Gingerbread roofing & siding ) before you spend thousands on inspections? Now You Can!

Here Are 5 More Great Reasons To Call Steve Schappert

1. Steve Schappert is an Exclusive Buyer Broker, he only works with buyers / investors.
2. Steve Schappert has performed building inspections on over $36,000,000 of investment properties.
3. Steve Schappert is a licensed & award winning home improvement contractor.
4. Steve Schappert will NEVER ask you to sign a dual agency agreement because he never takes listings.
5. Steve Schappert is THE recognized home buying expert in Connecticut. Schappert has been Interviewed by ABC, NBC, The New York Times, Woman’s Day Magazine, Kiplinger’s Financial and many more.

If You Are Buying Real Estate, Call Steve Schappert Now!
203-994-3950
[email protected]

Not One Dollar More! How to Save $3,000 to $30,000 Buying Your Next Home:

All Buyers Trust Real Estate Clients Get A Free Copy Of This Book

“We don’t sell homes, we provide education and help our clients make informed investment decisions when purchasing real estate.” – Steve Schappert, Broker

Completely New 2018 Edition (available Nov 2017) Paperback – December 2, 2017

WHY YOU NEED TO READ THIS BOOK

Almost all homebuyers pay too much for their homes — and never discover their misfortune! After all, who’s going to tell them? Think about it.

Since 1995 this book has helped over 100,000 homebuyers save money, avoid tricks and traps, and buy safely a home that brings true peace of mind.

This book is trusted because it is unchallengeably honest. The author, a nationally recognized consumer advocate, has no ties to any real estate or finance entity — you get no sales pitch, no up-sell, no nabbing of your email address.

Just priceless advice on topics that confuse buyers.

American Homeowners Foundation (represents 70m US homeowners) said: ‘Few book writers can put money into your pocket, here’s one who can!’. 

Tony Robbins said: ‘This book is extraordinary!’.

See Look Inside or click the Buy Button now.

How to Buy a Home without Risk

The risks come from buyer misconceptions and the real estate industry’s ‘fogginess’. Whether you’re a first-time buyer, getting married, busy parent, contemplating retirement or into real estate investing, you’ll have one chance to:

  • Buy at the lowest price
  • Get the best home loan
  • Protect your future quality of life
  • Avoid buying the ‘house from hell’.

All this, while the sales agent, having pledged loyalty to the seller, is trying to get the highest price out of you, or sell you one of their own double-commission listings — and is acting as though you don’t need a loyal ally as you navigate one of life’s riskiest undertakings!

You do!

Because small mistakes can cost you decades of overpaying, thousands of dollars you can save. But once again, who’s going to tell you?

The author recounts witnessing an ordinary homebuyer overpay by $100,000 — a sad case that led to him writing this book.

Buying and Selling Real Estate — Financial Security

How do you become a Smart Buyer when buying a home? Or know if you are being advised in your best interest? Or find the unbiased guidance you need?

First — in this book! 

Save time, stress, and money on your home and mortgage. For less than $25 (ebook under $10) make what could well be your smartest investment in your financial security and long-term contentment.

Because Not One Dollar More! — packed with know-how homebuyers never hear — is unapologetically 100% pro-homebuyer!

Click the Buy Button now.

Enjoyable Reading

You’ll learn from actual examples, real-life case studies, ‘Houses for Sale’ stories, and mistakes that teach you and protect you.

Your reward: confidence, better decisions, peace of mind, and more dollars in your pocket.

Many consumer advocates call this book ‘The best!’. It’s like no book you ever read; it tells you clearly what you need to know, do, and say — tools, secrets, and know-how no one ever gave you:

  1. Save big by knowing the 5 most costly buyer mistakes
  2. Unearth hidden traps and nasty surprises before you commit
  3. Negotiating skills — get your offer accepted but never look like you’re negotiating
  4. Use any of 6 simple tactics to save money for 10, 20, 30 years
  5. Save a small fortune on your mortgage repayments
  6. Engage a buyer agent who’ll work 100% for you to get you the best deal.

Buying a home is always a risk — via agent or for-sale-by-owner. This celebrated book is a NO-RISK investment; it could pay you back richly!

CT Realty Social: Social events for real estate, construction and finance industry

 

Real Estate, Finance & Construction, Law, Insurance, Maintenance Folks Bonding, Bitching & Decompressing.

22 Connecticut social events and growing: Real Estate, Construction, Finance It’s really all the same industry. We face the same issues. Make time to chill with others that understand.

Steve Schappert Licensed Connecticut Real Estate Broker and Home Improvement Contractor builds his business one relationship at a time. CT Realty Social is a simple social event for folks with similar interests. All those part of the real estate , construction and finance industry are welcome to join us. Break some bread, share a story, share a drink, its that simple.

https://www.facebook.com/CTRealtySocial/

Two New Connecticut Real Estate Brokerages Put The Consumer First

Representing one party in a transaction means, consumers are never asked to accept less than full representation.

Thomaston, CT September 25 2017 Buyers Trust Real Estate works exclusively with buyers & Sellers Trust Real Estate works exclusively with sellers. Steve Schappert of Thomaston is the broker for Buyers Trust and former Yankees Pitcher, Ron Diorio of Waterbury is the broker of Sellers Trust. The brokerages serve the commercial and residential markets in Connecticut.

Traditional agents that practice dual agency do not and cannot by law give a client the same degree of loyalty as an agent who acts solely on behalf of their client… A consumer who relies on dual agency does not receive the same degree of legal protection as that afforded by an agent acting solely on behalf of the consumer. This fact was supported by the Oklahoma Supreme Court.

Legendary real estate trainer says pick a side.

Mike Ferry released a report in August of 2014 suggesting agents pick one side of the transaction. “I believe the skill set of an agent who works with buyers is completely different than the skill set of an agent who works on listings.” Ferry went on to state: “… The skill set of a listing agent and buyer’s agent are different from that point forward, meaning the ability to present in a fashion that causes a buyer or seller to sign a contract. … I (have thought) for years that when an agent gets their license they should have to actually declare, ‘I want to work with buyers’ or ‘I want to work with sellers.’ The majority of agents do not have the total package of skill sets to do both and, in most cases, aren’t willing to learn them because they are so vast…”

Schappert founded Buyers Trust Real Estate LLC and Sellers Trust Real Estate LLC and with the help of Diorio he plans to hire 100 exclusive buyer agents and 100 exclusive seller agents in Connecticut. We will help our agents to build a team in their area and become the dominant buyer agent and listing agent in each market we serve.

“A simple business model and a simple message are powerful tools in a crowded market place. The brokerage names instantly telegraph what we do and who we feel is most important,” said Schappert. The brokerages are founding members of The National Association of Exclusive Agents. The company websites are http://BuyersTrustRealEstate.com  and http://SellersTrustRealEstate.com

In January 2018 We Have Hired 2 Agents More Coming Soon!

Contacts: Steve Schappert 203-994-3950         Ronald Diorio 203-232-9944

 

 

Real Estate Career Day November, 11 2017

Attention Realtors:

We Can Help You Stand Out In A Crowd

Legendary Real Estate Trainer Suggests Picking One Side of The Transaction

Mike Ferry released a report in August of 2014 suggesting agents pick one side of the transaction. “I believe the skill set of an agent who works with buyers is completely different than the skill set of an agent who works on listings. Yes, they both have fundamental skills that all salespeople need … the ability to manage your time, the ability to follow up on leads, the ability to prequalify, the ability to present, etc.”

Ferry went on to state: “… The skill set of a listing agent and buyer’s agent are different from that point forward, meaning the ability to present in a fashion that causes a buyer or seller to sign a contract. … I (have thought) for years that when an agent gets their license they should have to actually declare, ‘I want to work with buyers’ or ‘I want to work with sellers.’ The majority of agents do not have the total package of skill sets to do both and, in most cases, aren’t willing to learn them because they are so vast .“  Specializing in one niche and referring the rest is a highly profitable business because it keeps your marketing laser focused.

One brokerage for buyers, one brokerage for sellers, A very simple concept, yet it’s the only one of its kind in the country.

BUYERS TRUST IS NOW HIRING 100 EXCLUSIVE BUYER AGENTS IN CONNECTICUT

SELLERS TRUST IS NOW HIRING 100 EXCLUSIVE LISTING AGENTS IN CONNECTICUT

Rebels, Mavericks and Those With High Ethical Standards Need Apply.

You can learn more about the concept & the founder here.

http://BuyersTrustRealEstate.com/TheBuyerBroker

You can reach Steve Schappert at 203-994-3950

[email protected]

 

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