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Rochester Real Estate Tunnel Turns Funnel? October 2014
Rochester’s Future So Bright It Needs Shades The market for Rochester Real Estate has undergone a transformation of epic proportions.  I’ve been involved in the Rochester homes market since the weight of the “Great Recession” ascended upon us.  My mantra has been “Rochester has a very bright future” since 2009.   I was involved in several transactions with run down properties.  Home financing in today’s market dictates: “Not only does the buyer have to qualify for the mortgage, so does the property.”   Many buyer’s were able to secure rehab loans up to $35,000 equal to repairs needed and add it to their mortgage with only 3.5% down payment on the purchase price plus repairs.  To learn more about rehab loans, visit => 203k Saves The Day.  If the maximum $35,000 is used for repairs, the down payment increases at the most $1,225.  Yes that’s right.  $35,000 in repairs is only $1,225 out of pocket…no brainer.  I saw many run down properties rehabbed and neighborhoods revitalized.  Rochester has seen the business community embrace Rochester with zeal.   Lowes, Albany International, Lydall, Rite Aid, Hannaford, Rokon, Safran Aerospace, Eastern Propane, Laars Heating Systems, Home Depot, RP Abrasives,Holiday Inn; These retailers and manufacturers will ... more

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