English French German Italian Portuguese Russian Spanish

Blog

Latest Real Estate News, Local Community Area Events From Mooers Realty.

Buying A Horse Farm Property With Land In Maine.

Buying A Horse Farm Property With Land In Maine.

Buying the horse farm property in Maine.

The land soil profile, the location and slope is everything for raising, showing, developing a horse farm property for a business investment. Or for just the sheer pleasure of a hobby operation. Horsing around on your Maine land.  And agriculture 101 comes into play in the real estate exercise buying the horse farm property in Maine.

Like people, Maine land soils are different.

What you use the farm land in Maine for requires different agricultural real estate approaches to maximize the soil's productivity. While being careful not to cause soil erosion and remaining always eagle eyed about drainage, the terrain of the land and proximity to Maine's precious waterfront resources. The fields, the woodlot are kept in a balance with the wildlife to protect their home too. And the goal is to pass along the land in Maine to your loved ones or another farm property buyer who protects the environment in the same respectful approach.horseteam

A large acreage parcel being eyed for use as a Maine horse farm would be a very foreign assignment.

To a real estate agent or broker working an urban market where it is just house house house sales.

And everyone has a tight tall obtrusive fence around their lots to desperately gain a spec of privacy. With the land measured in square feet like the home, not in whole or at least large fractional units of acres or hectares.

(One acre unit of land measurement is almost two and half times bigger when converted to hectares.) And one acre of land is roughly 208.71' by 208.71 when sliced and diced into a simple square shape. Where I live, just a few miles to the east is the Canadian province of New Brunswick where hectares not acres are how land is measured up for size on farm properties.

Continue reading
73 Hits

Maine Tourism Association Centers Help MOOERS REALTY Real Estate Office.

Maine Tourism Association Centers Help MOOERS REALTY Real Estate Office.
Tourist information centers in Maine, those traveler outlets are valuable for real estate lead generation.
 
MOOERS REALTY produces 4000 realty brochures at a time to use in an area information cover to get the word out about Northern Maine. The property listings on the brochures  give a good mix of the available real estate available. A powerful glimpse into the local small town Maine community flavor surrounding the properties for sale. Printed advertising sticks around, follows the traveler. Gets passed among others in the mood to own a piece of Maine. We use the same printed realty brochures as vital pieces in our direct mail campaigns too. houltonmaine100
 
Maine has seven primary tourist information centers.
 
And being a member of the Maine Tourism Association means access to more all the bureau outlets through out the year.
 
Trade shows, exhibitions, distribution beyond just the stop at the tourist information centers helps make our phone ring often, the email server to glow bright red. In the all important marketing of our area, the properties for sale in Maine. It is all about the reach, the frequency and the far from home exposure. That better go way way beyond just the local terrain in the real estate listing and community information relay of information.
 
How did you find us? Answers to that question tell us a lot. Are the best indication on what works best attracting potential buyers of Maine real estate. Our primary job is collect priced right property listings and to develop the helpful tools to simplify and enhance the buyer's experience of finding the perfect property listing. To make that user experience (UX) as pleasant as possible. Quick, easy, memorable works so well in our Maine property matchmaking. To bring the buyer together with the seller of a Maine real estate listing.
 
The Maine tourist centers are located in my hometown of Houlton Maine, and scattered around this vast state dubbed "Vacationland".
 
We contact the tourist centers in Calais, Fryeburg, the two north and south in Hampden, the ones in Kittery and Yarmouth om a regular basis. To make sure the supply is fresh and plentiful. So the tourist shelves for the property brochures for Northern Maine real estate are racked and stacked. For the grab and go when tourists land and use the facilities. When they are in the fact finding mode in the search, the scan of the tourist information shelves. The bins and attractive print displays all arranged to make finding what they need easy.
 
I talked this past week with Lois in Hampden and Chuck in Fryeburg who both echoed each other. Almost word for word. Saying lots of Maine travelers to each of their respective centers ask for "do you have anything that shows real estate listings" to sample the local property inventory? That they can hold in their hand and take back to their home town out of state. The pair agree the rural location property listing prices are no longer a secret. The word is out.
Continue reading
150 Hits

Houlton Maine, Your Next Life Destination?

Houlton Maine, Your Next Life Destination?
Who would do well living in Houlton Maine?
 
As a Maine REALTOR, we get lots of calls, emails, even text messages asking about the local area around Houlton Maine. The new to the area buyer of real estate wants to know about the location they are about to invest in if everything checks out to their satisfaction. canoe maine
 
So who would be a good candidate for living in Houlton Maine?
 
Lots of segments in the audience could carve out a happy, enriching life in Houlton Maine.
 
For starters, here is a link on Historic Houlton Maine. Click here.
 
The cross border traffic with New Brunswick Canada and being close to everything Maine is famous for is a big perk. That attracts tourists year round and creates an affordable place to use as a base to explore the rest of Maine. That is one of the biggest reasons to buy here. Check out Downeast Maine for example. Or one of so many places that just don't exist out of state near the population centers across the USA.
 
So back to the blog post headline, who would be a good match for Houlton Maine?
 
If you are raising a family, nothing is better than instilling small town values into your kids. Who learn work ethic, how to make money and hang onto it with better spending impulse control. Taking better care of whatever they do purchase.
 
Appreciation for the great outdoors is part of the education too in simpler way of living life when you are lucky to live in a small Maine town. More about what's so great about living in a small Maine town.
Continue reading
273 Hits

Home Heating Oil Fuel Tank Leaks | The Clean Up Steps, Health Hazards.

Home Heating Oil Fuel Tank Leaks | The Clean Up Steps, Health Hazards.
There is a real estate expression "If I can smell it, I can't sell it".
 
The smell of fresh cut hay on a Maine farm, the baking bread filling your lungs as you tour a Victorian home for sale in Vacationland don't count. Those are the good odors that help bring another sense into the real estate buying experience. Clean fresh air and water are people expect when they enter the state of Maine. We are proud of the clean surroundings and work hard to protect it to pass it on to the next grasshopper.
 
But on the low prices handy man special the odors that are sour are part of the bargain price. And when you are ripping out the plaster. planting the crow bar to the heave ho, there she goes commence the renovations, those odors are short lived. You hope. Garage bag odors can linger, especially if the plastic rips open and fuels are leaking out to scent the property. In Maine we like to protect the air and water so a leak of any kind that could impact the wildlife or our quality of life is serious stuffl small maine real estate 1
 
Had a home listed where a previous renter, the last one in the place had several farm pigs.
 
The athletic went up stairs in this two story kind.
 
The folks we sold the "dirty but nice" two story farm house with a killer view to knew there was a smell of animal urine. On hot summer days, whatever happen earlier in a propery's life shines through brightly. The new farm house buyer hoped new floor boards replacing the rugs and vinyl would eliminate the house smell. It did not. Because the smells were planted further up the walls than just hiding in the floors.
 
And like a house with the odor of fire, smoke damage, the smells linger.
 
They get trapped into all the materials from porous ceiling tiles to soaking right into the super structure if strong and long enough exposure. Odors, they can mess up a sale when the buyer clutches their stomach, their eye's wince and water. As they try to suppress the gag reflex.
 
In Maine, lots of homes have signs of smoke from wood fires. And when a heating oil tank has a loose fitting on a filter line or a delivery just happened, you catch a whiff of petroleum. They say just a soda bottle cap full of heating oil will taint the air inside a house. They say a gallon of heating oil can pollute a million gallons of water too.
Continue reading
383 Hits

Real Estate Home Seller's Remorse | The Causes, Tips To Fix.

Real Estate Home Seller's Remorse | The Causes, Tips To Fix.
Seller's remorse in real estate home sales.
 
You see more buyer's remorse situations in the day to day of peddling properties. But seller's remorse in real estate home sales happens too more than any of us would like. There are ways to avoid it creeping up and ruining a perfectly good real estate sale. mainealphabet branded
 
It all starts with the discussion around the kitchen table after the property tour and before the listing ink is dried and I'm ready to input the real estate details online.
 
To upload the images, the video, maps, floorplans to  all the places that get syndicated to once the agent or broker hit "submit" or "publish".
 
The motivation to do anything comes from often many sources. Why would a seller think a real estate sale is in their best interest? And then "poof" the desire to sell evaporates? Fear. Lack of planning. Something motivates you do or not to do something. The itch to list, market and hopefully sell comes from the need for change for improvement. To follow through and not develop seller's remorse.
 
The elderly widow that just lost their mate of many years. It can be overwhelming to think of handling the up keep and over head of a property. And being in the home without your life long best friend can be torture with all the reminders surrounding you. He always used that recliner to watch the evening news. You sat on this side of the dining room table to discuss the day with his knife, fork, spoon and plate on the opposite end.
Continue reading
246 Hits

Why Buy A House In Maine? | The Value Of Home Ownership.

Why Buy A House In Maine? | The Value Of Home Ownership.
Homes for sale in Maine. Nothing is like the joys of owning a property.
 
Especially if you have children and want them to grow up in their own home. Moving around and not being able to paint the walls, make changes to your surroundings limits life. No fun when you are leasing a place and not working toward retiring the house mortgage for free and clear. Home buying is an investment.
 
Home ownership is not something everyone can achieve though because of credit problems, no job, poor debt ratios. More on financing a home to get out of the rent rut. Tossing all that cash in the trash. People that do that can barely stand it and renting too long is like a hang over that won't go away.museum bear in maine photo
 
The bare facts, the advantages of home ownership, there are tax reasons to buying a house in Maine.
 
You can deduct the mortgage interest expense, the property taxes and in some cases, other costs living in the house. A home business combination has lots of tax benefits.Talk to a bean counter on what is best for you in the math exercise of doing your yearly income tax. Get the personal tax deduction advise from the expert trained in which spaces to use on those IRS forms.
 
More and more folks buying a house are telecommuting to work online from Maine. Live in low cost Maine, without the crime and traffic but employment happening somewhere else thanks to the strong Internet connection we have in Vacationland. Get more for less with lower priced homes in Maine everywhere you look.
 
There are costs associated with home ownership. You or someone has to mow that lawn, paint the trim, replace housing items that wear out and were not designed to last forever. The house you buy is not the last one you will be in too. Like cars, there are starter houses. The Mr Fix you buy to flip to work your way up to a house more to your liking. That fits the ever changing needs in home ownership.
Continue reading
237 Hits

Maine Real Estate, How's The Market?

Maine Real Estate, How's The Market?

Hard to not go anywhere in a small Maine town without the question "how's the real estate market ?" asked.

It is not just being friendly or making conversation. Folks want to know how is the real estate market today? Not last year, but maybe can you predict where this one is heading is a follow up inquiry. millararena1

Maine is one big vast state so the answer to the question how's the real estate market can be misleading.

How do the local real estate market listings and sales numbers line up?

Hard like most news to sum up in a short, convenience sound bite or video clip with an industry professional. Why so hard? Because the state is the sum of it's parts and one answer to use sizing it up does not work for each of the same sixteen counties in Maine.

So like weather forecasts, one size does not fit all when talking a state as big and diverse economically as Maine. So survey says ... (ding ding ding) more than one pat answer.

Here is the latest real estate press release for Maine property listings and sales as a whole and county by county. The study of the numbers prepared and just reported by the Maine Association Of REALTORS.

Continue reading
330 Hits

Large Homes For Sale In Maine.

Large Homes For Sale In Maine.
Large homes for sale in Maine.
 
Sometimes bigger is better. Are you needing more space, are you not a candidate for a tiny home? The families were larger years ago when many of the large homes for sale in Maine got hammer and nailed into place. houltonmainehouses
 
More places with the plate and silverware around the table set at meal time in a large home in Maine.
 
Especially on a Maine farm home where the kitchen is so so big to provide the needed elbow room at meal time. When the family meal is always home cooked, never involved micro wave frozen bags or steamed pouches. Always grown on your own land and often eaten quickly. Because farming means get back to the fields to plant or harvest the crop. Or to repair pasture fencing working around not the best of weather. And farm families were very large, needed a home matched to hold them all.
 
So back to the large homes for sale in Maine. If family size is down to 1.6 per household for kid count, why would large homes in Maine still have an audience today? Because of many factors. Divorce causes a daughter with grandchildren to make the call. To move back in and share some of the space under the same roof line.
 
Or the property owner of the large home wants to operate a business in the finished cellar, or to convert the shed into a home office. The elderly grand parents who can not live on their own and need independence.They are going to be on board into the golden years.
 
The large homes for sale category of real estate is tapped for many types of living arrangement applications. When elderly loved ones who don't maneuver staircases so well or are getting forgetful or feeble are live and local. The house you share with them better have a first floor bedroom or two. Extra bath with handicap access on the same first floor ground level. A big dining room too if you share meals as one big multi generational family.
Continue reading
426 Hits

Should You Buy The Property Next Door?

Should You Buy The Property Next Door?

Whatever you border, should you buy the property next door?

The house, vacant lot, whatever type of real estate butts up to your border, should you purchase it before someone else does? Lots of ways to look at the situation when your neighboring real estate comes up for sale. Is available for purchase from you or someone else. The timing could be perfect or the worst for the opportunity to add to whatever you now own. It just may not be in the cards to consider buying what is next door to what you already own.lakedusk

So if you can not purchase today, if the option to buy is presented, take the neighboring property owner up on the chance to make it your own down the road.

A first option to purchase is not the seller next door asks you if you want to buy or not and moves on with you now out of the picture if you pass up the chance to purchase. The first option means other buyers can wheel and deal and make offers all they want. But before the seller lets the property go to a new buyer, he or she will come back to you to give you one more chance to say yes or no. You could end up getting the property cheaper, with better terms than the figure first quoted.

Get that first option to buy real estate agreement in writing and expect anything verbally promised is gone with the wind when the neighboring property owner dies before selling. The heirs of the estate often care little about previous conversations and promises made between you and your neighbor. It's show me the money and settle the estate, pay the bills and split up any profit time for those left behind that you have no connection with personally.

If the property next door is priced so high that it is too rich for your blood, others may feel the same way too and pass up the option to buy. If the property is appraised by a bank lending money on the collateral, there is no way anyone is going to pay a King's ransom to make it their own. The appraiser keeps a lid on the fair market value. And makes sure value is there before the real estate closing ever happens when a bloated price property is being exchanged. 

If you had a small lot, below the square footage of what is typical for the neighborhood, buying more land can increase the value of what you do own. If raw land is what is up for sale, if the purchase does not involve renting out a home or the added expense of tearing down a structure.

Continue reading
454 Hits

Maine Real Estate Buyers And Sellers Don't Have Time To Waste.

Maine Real Estate Buyers And Sellers Don't Have Time To Waste.

Save them time, the Maine real estate buyers and sellers.

Time is money and in short supply for over-booked property owners and purchasers. The by far best way to save anyone thinking of buying or selling is by use of video. The connection is instant. The delivery of information using the eyes and ears is hooked up like a vital IV. Video channels to be effective needed to be treated like a garden though. Tilled, smoothed, planted, fed, cultivated, harvest (repeat).mainechevy maine photo

Society as a whole is not so crank on trusting strangers.

The best way to stop being a stranger is to start helping others.

To be a helper it starts with a quick story of who you are as a Maine real estate professional excited about living in Vacationland. To establish a relationship as the local expert, your neighborhood partner who plans to stay your real estate broker for life. Beyond one property listing transaction.

Once the buyer or seller of Maine real estate is convinced "okay, you can be my agent or broker" the treatment changes from who I am to here is what you need to know. The same questions come up from anyone new to the area. So a local information 101 session has to start quickly. Because this buyer and seller are very busy, it is often late at night and they want to start the process before lights out. For the short wait for Mr. Sandman once the head is in the bed. And hopefully good dreams, not real estate nightmares. Buying or selling real estate in Maine should be a positive experience. It can be fun if the red flags are seen. And the potholes ahead are avoided based on real estate experience.

This video for FAQ on Maine is always showing up on Internet searches.

Idling, waiting like a tax cab driver to hit the accelerator. To push the pedal to the metal to speed to deliver the information the buyer or seller needs right now. Not tomorrow morning on a 9-5 schedule or days from now as everything is put on hold waiting for information.

It helps if upfront the website portal for real estate in Maine is set up for easy navigation, nothing to make the user feel dumb. You don't have to have a black belt in website maneuvering to use our Maine real estate website. Our local Northern Maine agency also maintains more than one real estate website for properties. Why? Because everyone drives a different kind of car for a reason. The approach is a little different, how we stock the real estate listing and local information shelves is a tad varied.

Continue reading
599 Hits

What Keeps Maine Homes From Selling, The Reasons Why Houses Linger On The Real Estate Market.

What Keeps Maine Homes From Selling, The Reasons Why Houses Linger On The Real Estate Market.

The feeling your life is put on hold and you are left wondering why my Maine home is not selling.

The decision to list your home for sale in Maine is because of a handful of reasons. The property is too big, undersized or a transfer means you can not take it with you. Until it is a mobile home that could be trucked down Interstate 95 to you new location in state or beyond. 

In a small rural state like Maine, it is often cheaper to buy a better home than try to fix the weak points in your current one. The prices don't spike up and down and the marketing time can extend while a new buyer for the Maine home is located through effective far reaching marketing. Supply and demand in the housing stock can impact how long is this home selling process going to take. mainefallscolors3

So why is the Maine home not selling.

Folks wanting, needing to buy have to know about the new house on the market. Anything wil sell if fairly priced too. It begins and ends with pricing and does the figure used in the marketing match the real value in the current market. Over priced properties are not just the seller's job to keep them realistic. It is the real estate agent or broker who can through the CMA market analysis to determine if the listing price is too high to ever bank appraise for the figure the seller would like to see written on the real estate closing check.

It is best not to take over priced listings because they clogged the market, give the seller the expection the place could actually sell for this inflated figure.

And the steady flow of real estate agent planting and removing their sign out front happens. Which causes the neighbors, those following the local listings to suspect the property. The agent is blamed by the seller for why the home in Maine did not get to a real estate closing.

If the seller does not want to sell but is enticed to list for a pie in in the sky figure, a responsible agent or real estate broker will politely put the brakes on. Respectfully decline the listing after showing the sale of properties sold in the current market and listed for sale that will be competing with his real estate to locate a buyer. Too many just like this home for sale means better pricing and higher powered marketing is a must. To make it stand out from the rest of the crop for a quicker, hassle free sale. Because we all know time is money in life.

Continue reading
860 Hits

Now Big A Real Estate Deposit Needed To Hold The Property?

Now Big A Real Estate Deposit Needed To Hold The Property?

The question comes up a lot, how big a real estate deposit is needed to hold the property?

The one the out of state buyer really is interested in but can not just drop everything to trot up the pike to see it in person. That is one reason we shoot, edit, upload real estate videos so there is not lacking the show and tell property information that makes it necessary to do the expensive travel. Each time something good comes up for the property buyer to consider one by one spaced out over time. defibrillator for real estate sale photo

Holding the property is not in the best interest of the seller of real estate.

Because someone else that is ready to buy is held off until the out of town, gotta come see it buyer gets here and decides to buy or not. With a deposit, a signed contract contingent upon personal inspection it creates a log jam stop on the marketing availability of the listing. Until he decides to buy or not. And you the agent can scream "Next".

He may never get here. Or come up and decide this is not something he will buy. Or he likes the property but not what is around it or the community where it is located that takes time when the property is put on hold while he clears his schedule to check it all out.

Plane tickets, paying for motels, the tolls traveling and eats on the road. They all cost money and take time out of a person's life. We get that but put anything on layaway, telling future buyers the place has a hold on it. Hurts the seller. That is not what other buyers in line want to hear and they don't hang around wasting precious time on property that may or may not be sold.

Lost opportunities to selling happen when a previous buyer who was not ready to becomes in a position to proceed with a purchase.

But is held off because someone has a first right of refusal to buy. So taking a deposit contingent on a long time getting here or a slew of contingencies is not the wise course of action. Because this buyer has loose ends, is not ready, willing and able to buy today.

Continue reading
755 Hits

Maine Land, Starts With The Health Of The Soil.

Maine Land, Starts With The Health Of The Soil.

Maine land, the soil quality of the dirt from the surface down is not all the same.

To someone not around the Maine land, it is easy to call it pretty much all the same. The soil profile on Maine land, important stuff to study before you buy acreage. Because the health of the dirt, the soil character better be a match to however you intend to use the Maine land. farmmorning3

Maine is 91% forested with a vast wood resource.
 
Clearing land for farming in Maine had to happen to open up the acreage.
 
To create farms for self sustaining agriculture to support the local families and their communities.
Our greatest natural resource to protect along with the waterfront land that surrounds it. Or that is in the watershed of the woodlots that drain from it. To protect the aquatic life in it and wildlife surrounding the Maine land. The natural balance is delicate and challenged when man for profit timbers Maine forested land without concern of erosion, drainage into the streams, brooks, rivers that dump into our lakes, ponds, the oceanfront of Maine.
 
More on shoreland zoning, being a good steward of the Maine waterfront land.
The farm land soil in Maine comes in many varieties. Whether it is the Caribou loam of Aroostook County for potato, grain, broccoli, hops production or pasture land with rock outcroppings for beef and dairy animal grazing.
 
Continue reading
753 Hits

Small Maine Town Real Estate Markets Rattle And Hum Simpler.

Small Maine Town Real Estate Markets Rattle And Hum Simpler.

Small rural Maine real estate markets, they rock and roll differently than urban ones.

Eight out of ten people live in a city, not all by choice. But given their druthers, many would rather be in a Mayberry small town setting. To own a spread like the Waltons and be tucked away on a mountain farm with the woodlot for income and heat source. The dirt to scratch to raise what they place farm to table to feed their families.eagle in maine photo

So when you and I watch the news, scan the headlines and the topic is the real estate market.

What we are told online and in the newspapers, magazines and trade journals concerning real estate does not translate so well to how things groove locally. The price tags on the local real estate in Maine is not loaded up with zero places. The property prices are lower to the ground in small rural Maine community real estate markets.

Part of the difference with the real estate market city and country mouse enjoy is simply financial based.

High priced markets support layers of players to keep them lubricated and the real estate listing inventory moving to successful property closings. Home owner associations (HOA) are not going to be a thorn in a local rural real estate market. In some swanky luxury locations near population centers, HOA's carry a big club.

Continue reading
686 Hits

Empty Maine Lake Lots, What Can I Do, Where Do I Start?

Empty Maine Lake Lots, What Can I Do, Where Do I Start?

The land on a Maine lake, a lot of property acreage.

Just land and nothing built on it or whatever was there is long gone. Has no pulse but does have a location on the parcel that can get you up close to the waterfront. Don't tear it down yet or you lose your place in the shore land zoning regulations for land on the water in Maine. lakemirror

What can you do, what you see done around the Maine lakes means time for the shore land zoning homework.

Because changes are made on the state level and local municipalities tweak the regulations concerning shore land zoning. Going above and beyond the Maine state law on lake development happens most in towns where the price tags are highest. Where there are enough people to serve on the local boards that police and protect the local Maine lakes.

So back to the blog post headline, the question about what can you do, where do you start with lake land? Or whatever lot is on the water whether a river, pond, ocean front or simple stream location. The size of the land, can it support a septic system and will it be pressure-rized water or not?

Simple is best and hurts the natural habitat less when talking building on a Maine lake lot.

Treading lightly and protecting the wildlife, the fish and the waterfront is respect. That if ignored will mean no more waterfront worth passing down to the next generation. Here is the link to the latest Maine shore land zoning regulations for development.

Being 100 feet back from the high water mark, if no structure for camp or boathouse is on the Maine lake lot makes the depth of the parcel critical. You don't want to have to try to buy more land that may not be available. Or the price too steep because the owner knows you have to have more land to complete the waterfront lake lot development.

Continue reading
702 Hits

Title Problems In Real Estate Sales.

Title Problems In Real Estate Sales.
 Legal issues in real estate sales, it's no fun when they delay or threaten a property closing.

What's lurking out there for title problems that affects the enjoyment, value of the land under all the improvements? Legal issues with real estate start when the property is listed for sale. If the seller is aware of them. Often they are there hidden and not always known about in the discussion around the kitchen table during the listing of what's for sale. mainephotoslider38

If the agent or broker takes the time to look into the deed with the seller's copy or from the registry of deeds.

That talk with the owner about right of ways or easements right up front, whatever the title issue is best handled early on. 

We talked earlier about the importance to secure the letter, to get pre-approved for a bank home mortgage loan.

And moved on to what happens when you find the house of your dreams and start down the home ownership pathway. The appraisal process buying a Maine home was discussed in an earlier blog post on this channel too. But this time up is the legal hurdle, the last leg of the home buying routine. Approached once the buyer is approved to buy, the property is appraised and good to go. If the title to the real estate is squeaky clean or can be made that way with checks written and passed out at the property closing.

Legal issues are lots harder to wrestle with then a few credit issues that can often be fixed with an explanation letter, few  phone calls and a little check in the mail to make them go away. 

Bad FICA scores, high debt ratios, a new job or no credit can impact the getting ready to buy a home in Maine. The house appraisal can come in low and a new valuation can be sought out if the mortgage bank allows for flawed ones.

But the legal issues in a real estate sale don't go away so easily. Unless it is a garden variety property tax lien stuck on the title like a burdock. From years before when someone was slow to pay the taxes on time and a lien was placed against the property after eighteen months passed. And the yearly taxes went in arrears and someones name ended up in the town report. 

A discharge of a property tax lien on the real estate for sale is an easy title issue. Getting a release deed for taxes owed that needed payment or that were paid but never released. With the tax lien removed with a simple release deed from the municipality where the property is located. 

Continue reading
858 Hits

Appraising A Home For Sale In Maine, How It Works For Bank Lending.

Appraising A Home For Sale In Maine, How It Works For Bank Lending.
The appraisal process when buying a home that needs bank mortgage lending house valuation.
 
The lender that knows the combination to the big stainless hardened steel safe tumblers wants to know what you are eyeballing for a home sweet home measures up in the condition standards department. For the A-Z mortgage underwriting conditions and the quick sale of the paper on the secondary market to investors.
 
And the money people fronting the money want to know this collateral is going to be worth something to pay off the loan if you go belly up and it ends up back in their lap.
 
Buying a property for more than it is worth when it is a real estate sale going through the bank mortgage lending pipeline means it has to be realistically priced. The purchase and sale agreement house price has to be in line with the market values in the current inventory of home listings and sold recent comparable sales.mainelighthouse100
 
What happens when the appraiser with the clip board shows up at the property listing, starts his or her process of measuring, study of the town property card?
 
And sizes up what is found with boots on the ground at the actual real estate listing under contract for sale?
 
Lots!
 
Because besides examination of the property for sale inside and out, the further study of the real estate around it affect the value.
 
High tension power wires that glow blue and hum when it is pitch black at night over head are not a real estate property feature that buyers ask for in their home search.
 
Neither is being in proximity of a pig farm or industrial setting or next to a busy highway with strip malls and fast food outlets. Right of way easements, clickity clack railroad tracks and wump wump wump windmill turbines don't help a real estate house sale either.
 
If the home for sale needs a new roof, there is already leaking, mold and ceilings are drooping inside the house you want to buy, corrections are needed. Just like adding GFI electrical outlets in the bathroom and kitchen. Replacing broken windows, scraping and re-painting clapboards and trim.
Continue reading
1047 Hits

Getting A Pre-Approval Letter To Buy A Home, What To Bring.

Getting A Pre-Approval Letter To Buy A Home, What To Bring.

Looking to buy a home? What do you need to bring to the bank, what paperwork do you round up to prepare for the bank mortgage home loan approval letter?

Well, take the hike. To speed up the bank home loan pre-approval process done before you set your sights on the house of your dreams, here is what is needed by the mortgage lender. Anything that verifies your income, spells out the short and long term debts, and a list of your assets to determine your net worth.maine hiking trails looking for a home loan pre-approval photo

The lender with the money you need to buy the home can send or hand you the application form and you hit and run on your way.

But it is nice when you bring all you need to complete it to the bank. When you the buyer seeking pre-approval home loan status ready have what the numbers are on hand. The ones used to fill in the question spaces to get pre-approved for a home loan.

Local banks are great because they have a presence in the community and you are doing business with someone with a stake in the home town area economy where you live, work and play.

The service inside the bank and from all the venders provided is quicker on the turn arounds too. Because the mortgage approval center that creates the paperwork is in town, your state not in some other solar system where decisions are slow in the shuffle of documents needed for a home loan approval.

Sellers take home buyers who make offers way way more serious when that purchaser is carrying a pre-approval mortgage loan credentials in hand.

When the home buyer already knows the program the loan will be underwritten in and no credit history issues are holding him back from moving forward to buy the seller's home if the negotiations go well.

Continue reading
888 Hits

Retirement Places To Live, Why Not Consider Maine?

Retirement Places To Live, Why Not Consider Maine?
Retirement in Maine, to know why people do it, ask them.
 
Or break it down to what anyone retiring would seek out, want more of if where they are now is like last call. When the bright house lights come on and glare the reminder. It is time to find your coat, collect your things and go. And if you linger too long, the reminder to leave gets stronger. With the suggestion reminder, we just don't care where you go but all we know is you can't stay here. gardenmaine1
Go home. Come to Maine.
 
What is home as defined from someone heading into retirement mode that fits like a glove best?
 
Well, lots of folks shudder at the thought of even entertaining retirement because it admits to the self you are getting older. And the Golden Years go better for some than others. So that's why the discussion on retirement in Maine. Before health peter's out and body parts start to fail from the previous years of wear and tear chasing the dollar.
But before diving into the topic of retirement in Maine, let's pull back the blogging post reins a tad. Examine retirement needs alone very closely. What do people retiring need to consider most as retirees? And then go out on the hunt for the best place for the missing puzzle piece for retirement? And what exactly are the ingredients that makes for a happy retirement ?
 
The biggest requirement of any housing through out your life is to find the most affordable options.
 
To stretch those hard earned retirement dollars. It helps if you are leaving a location with higher costs of living that rewards the home owner selling in those real estate markets. Take the money and run I think were the words of one Steve Miller song from back in the 1970's. But no one is robbing a castle and meeting up later to split up the stolen loot south of the border.
Worrying about finances to pay for housing and living within your means is not the only thing on the minds of the retiring individual or couple. There better be a lack of crime, less of the things on the list of what to avoid in the next and maybe final move in life. Getting rid of traffic, saying good by to gangs. And trading the setting of a city in for clear blue skies, country fresh air. An all around healthier way of life with a slower pace and more friendly happy population is what retirement folks seek out and there is more.
Continue reading
946 Hits

Putting On A New House Addition On A Maine Home. Hold Your Horses.

Putting On A New House Addition On A Maine Home. Hold Your Horses.

You bought a home that needs a house addition, but before you bring out the staging and nail gun, hold it a minute.

The addition to the house in Maine better have lots of thought put into the construction plans. Because the original home may not be designed for the addition you had in mind. The cost of the construction you dream about needs a solid quote before you go after the local building permits too.hero the real estate cat

As a Maine real estate broker, I have been in quite a few houses over the last 38 years.

And improving a home starts with careful thought if you ever hope to recover the costs of the expenditures in a small rural state. Where what works in an urban market that is more forgiving and with more zero places in the property prices does not play so well in the lower cost small rural real estate arena.

So first things first when the time comes to consider adding on the existing house in Maine to create something different.

The building addition on the house you own in Maine. Which direction for the expansion... and is developing unused space that is already here the smartest way to go?

Fill in and rearrange what you already have could be wise for the limited funds hiding in your wallet or purse. Or thinking of financing the construction when pretty close to being free and clear of a house mortgage could mean let's study this need for more, better use of space DIY project.

Maine is famous for bartering, folks pitching in to exchange skills and sheer labor to avoid the high cost of living facing a home owner planning construction projects.

Lots of homes out there on the five year construction plan that have table saws in the living room. Two by fours, plywood tables where the eventual kitchen cabinets will slide in. Unfinished but paid for and as you go for the extra materials. Slowly and carefully added into the housing creation to be a work in progress.

Continue reading
963 Hits

Share This Page