Could There Be A Silver Lining To The Real Estate Bust?

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.

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About Ray Poppe

Operating with a broker and realtor license at Coldwell Banker Residential Brokerage in Danbury, Connecticut I have been a realtor in the Greater Fairfield County area since 2005. Are you Buying or Selling a Home in Danbury Connecticut or a Surrounding Town?? (Brookfield, Ridgefield, New Milford, Bethel, Newtown, New Fairfield, Bridgewater, Sherman, Southbury, Woodbury) Use my years of experience to get the job done! When representing you I will either get you the best house within your budget or sell your house on its strengths to get you top dollar. Give me a call & I will make your Real Estate experience a most pleasurable & successful one! Whether a First Time Home Buyer or Selling a Million Dollar Home I am there to help you through the process. BESIDES BEING A MEMBER OF: • National Association of Realtors • Northern Fairfield County Association of Realtors • Connecticut Association of Realtors • CT Realtor Champion Charter Member • Fairfield County Multiple Listing Service CMLS • CT Statewide Multiple Listing Service CTMLS AND HAVING THE FOLLOWING DESIGNATIONS: • Graduate Realtor Institute GRI • Accredited Buyer Representative ABR • Internet Specialist ePro • Seller Representative Specialist SRS I ALSO HAVE THE TOOLS TO GET THE JOB DONE: • Professional Website • Free Listingbook Account for Home Searching • Listings promoted on top Search Engines and websites for a Major Web Presence, such as Front Door, Cyber Homes, NY Times, AOL, Yahoo!, Home Finder & More. • Featured Home Ads on websites such as Zillow, Trulia & REALTOR®. • Listings featured on the Coldwell Banker regional, national and luxury websites. • Fairfield MLS & CT State MLS exposing your Home to a larger group of Realtors. • Custom Virtual Tours of your Home.
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