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

CT Realty Social: May 16 Plan B Glastonbury

Real Estate, Finance & Construction Folks Bonding, Networking & Decompressing.

The word continues to spread, we add approximately 1000 new email addresses to the CT Realty System each week.

MAY 16 CT Realty Social  at Plan B  Wednesday, May 16 at 5:30 PM – 8:30 PM Plan B Glastonbury 120 Hebron Ave, Glastonbury, Connecticut 06033

RSVP and say hello to the gang on Facebook


Steve Schappert
Exclusive Buyer Broker, Award Winning Renovation Contractor

CT Realty Social @ Priam Vineyard in Colchester Connecticut Sunday 4/29/18

11 Shailor Hill Rd
Colchester, Connecticut 06415
Highlights info row image (860) 267-8520
Are You Buying, Selling, Investing, Rehabbing? Come meet others in the business and build your team. Real Estate, Finance & Construction, Law, Insurance, Maintenance Folks Bonding, Networking & Decompressing.
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.
Steve Schappert Licensed Connecticut Real Estate Broker and Home Improvement Contractor builds his business one relationship at a time. http://buyerstrustrealestate.com/thebuyerbroker/

How To Buy HUD Homes Like A Pro

The secret to bidding on HUD Homes, getting approved to bid on foreclosures, how much to bid on a foreclosure and more!
Buyers Trust Provides a free HUD home Buyers Seminar, small class size, and 2 hours of immersive information to help you succeed. Check the schedule on Facebook

Learn from a real estate buying Pro!  There is a reason the national media keeps calling Steve Schappert and you should too. 860-740-2811

Brand new, full color, custom designed presentation folders for Buyers Trust Real Estate

We are getting ready to produce brand new, full color, custom designed presentation folders for Buyers Trust Real Estate.
The folders are made exclusively available to all the agents at the office to be handed out to all prospective home buyers at the first point of contact. The folders are used to gather all the paperwork accumulated during the transaction and to disseminate information to attendees.
Also they will be handed out at our home buying and investment seminars and at our CT Realty Social Events, giving you further exposure to local contractors, investors and Realtors.
On the inside pockets of the folders we are going to feature 8-10 local businesses that the agents can point out to their clients. The office wants you to be the one of the Vendors that would be interested in getting in front of and referred to every client all year long.
How it works:
-Folders are made exclusively available to all the Agents.
-Folders will be open and in front of buyers and sellers for months at a time.
-The folders will hold all open house paperwork, inspection forms, loan documents,
title report, etc.
-They will be handed out at point of first contact with clients.
Who Will See Your Information:
-Your target market.
-All Connecticut buyers at Buyers Trust Real Estate
-People moving into the local community.
-All visitors at seminars and weekly statewide CT Realty social events.
-Middle to upper income people.
-Local business owners, investors and decision makers
*Note* The average buyer spends $38,000 on home improvements in the first year of owning a new home.
The one time fee includes everything. All pictures, logos, any special lettering or other information you would like included. Your business will be featured in every presentation folder for one FULL YEAR.
$395 single
$790 double
$1185 triple
$1580 quad
$2500 back cover
You will be featured in every Introduction Folder for one FULL YEAR.
Here’s a Sample
We anticipate this to be a tremendous fit for your Industry and look forward to proving it to you.
(Due to limited availability all vendors will be welcome on a first come first serve basis)
Please let me know if you want in

USDA Rural Housing Loan: Connecticut 100% Financing

  • Be without decent, safe and sanitary housing
  • Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet
  • Agree to occupy the property as your primary residence
  • Have the legal capacity to incur a loan obligation
  • Meet citizenship or eligible noncitizen requirements
  • Not be suspended or debarred from participation in federal programs

Properties financed with direct loan funds must:

  • Generally be 2,000 square feet or less
  • Not have market value in excess of the applicable area loan limit
  • Not have in-ground swimming pools
  • Not be designed for income producing activities

Borrowers are required to repay all or a portion of the payment subsidy received over the life of the loan when the title to the property transfers or the borrower is no longer living in the dwelling.

Applicants must meet income eligibility for a direct loan.  Please select your state from the dropdown menu above.

What is an eligible area?
Generally, rural areas with a population less than 35,000 are eligible.  Visit the USDA Income and Property Eligibility website for complete details.

How may funds be used?
Loan funds may be used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.

How much may I borrow?
The maximum loan amount an applicant may qualify for will depend on the applicant’s repayment ability. The applicant’s ability to repay a loan considers various factors such as income, debts, assets and the amount of payment assistance applicants may be eligible to receive. Regardless of repayment ability, applicants may never borrow more than the Area’s Loan Limits (plus certain costs allowed to be financed) for the county in which the property is located.

What is the interest rate and payback period?

  • Fixed interest rate based on current market rates at loan approval or loan closing, whichever is lower
  • Interest rate when modified by payment assistance, can be as low as 1%
  • Up to 33 year payback period – 38 year payback period for very low income applicants who can’t afford the 33 year loan term

How much down payment is required?
No down payment is typically required. Applicants with assets higher than the asset limits may be required to use a portion of those assets.

Is there a deadline to apply?
Applications for this program are accepted through your local RD office year round.

How long does an application take?
Processing times vary depending on funding availability and program demand in the area in which an applicant is interested in buying and completeness of the application package.

What governs this program?

  • The Housing Act of 1949 as amended, 7 CFR, Part 3550,
  • HB-1-3550 – Direct Single Family Housing Loans Field Office Handbook

Why does USDA Rural Development do this?
USDA Rural Development’s Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality. Providing these affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

NOTE: Because citations and other information may be subject to change please always consult the program instructions listed in the section above titled “What Law Governs this Program?” You may also contact your local office for assistance.

Interest Rates

Effective March 1, 2018, the current interest rate for Single Family Housing Direct Home Loans is 3.25% for low and very low income borrowers.

How To Participate In Our Statewide Home Buyer Seminar Series

The System Goes Like This.

  • Each Seminar features a Lender, Exclusive Buyer Broker/Agent, Home Inspector, Renovation Contractor, Insurance Agent, Attorney and a Financial Planner.
  • Each throws in $100 for fb advertising.
  • You post your ad on the event page and your budget is applied to boosting your post.  All ads will be created and tracked by The Green Marketing Company.  The $100 budget is an absolute minimum used to test the ads and responses.  We anticipate spending tens of thousands promoting home buyer seminars across Connecticut and we are looking for other companies that want to grow.
  • Everyone has 20 minutes to present.
  • Everyone is responsible for promoting to their clientele via social media, mail or email.  Call it cross pollination, our buyers need help from professionals like you, and your clients know someone that is interested in buying real estate.

Time:  The first 4 events will be held at 10 am – noon on a Saturday
Location: Local Restaurant,  restaurant provides coffee in morning and a lunch special.
Presentation: Old School Print. People like to leave with something. Please print your presentation for inclusion in the Seminar folders. Bullet points with with web references are great!

As we hone the program we will introduce video.  The initial price point anticipates around 15 people.

At Your Office/Conference room?

Would you be interested in holding one at your offices.
We can create a schedule to promote each office.
Using an established office makes computer/video connections more reliable.

First 4 Locations

March 17  Thomaston  Still need an attorney, financial planner, home inspector
March 24  Danbury   Still Need an attorney, lender, financial planner, home inspector
April 7      Southbury
April 14    Bristol

To confirm a date Call Steve Schappert 203-994-3950  or email

You can mail a check to Buyers Trust Real Estate 147 Elm Street Thomaston, CT 06787
This is the preferred method.
You can also pay us online with a credit card This method costs an xtra 3%

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.


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