- Our Listings
- Maine MLS Listings
- Maine Communities
- Northern Maine
- Call us: (207) 532-8960
It’s like flavor varieties of ice cream or types of coffee combinations.
Buying, mortgage financing Maine real estate property listings is complicated. Ever changing too. Every real estate buyer has a different situation and no two sales are exactly the same approach to financing property.
It impresses a seller when a buyer makes an offer and provides the pre-approvedl, all set for lending paperwork from a bank or mortgage outfit.
Factoring in the size of the wallet you sit on, the purse you carry is just as big a deal as your “gotta have, don’t want list”.
Been helping folks do their “home work” to buy and sell Maine homes for over forty one years. Bank mortgage lending is ever changing to develop more financial options tailor made to people and the properties they try to buy and sell.
Those are pretty popular among the Maine home purchasers on the hunt for housing. More on a helpful blog post for first time buying a home in Maine.
MOOERS REALTY can help you get a mortgage loan on other types of property beyond just Maine homes and houses.
The days of finding the place of your dreams and then going to the bank are over. Save time, do it the other way around… securing the best Maine mortgage financing before running the roads and wasting yours and other people’s time.
Variety is the spice of life. Your real estate needs change too. Not every house size, location or style works for every Maine real estate buyer and seller.
Every property listing is different and like homes, the people buying them, everyone has unique current life financial situations.
Working around the life bumps in the road is something we dig in hard to accomplish for buyers and sellers putting together Maine real estate sales.
The interest rate, program requirements are important. But studying the closing costs involved to get the loan.
When you apply for a Maine mortgage on whatever property type you want to buy, you need to verify you have a job, income to make payments on the home.
To show upfront that your debt ratios are healthy, within spending limits of the bank mortgage program underwriting guidelines.
Making sure the debt ratios for your spending allow for money left over beyond those house payments.
You are asking the financial institution to give you a mortgage application to complete, to make that Maine real estate purchase.
Pay stubs, car installment information, college loans, any income and all the expense obligations.
The bank mortgage “loan arranger” without the mask will give you the information to round up so the best financing package options are then discussed.
Not able to get a home loan? Cheer up. They will repair less than perfect credit with pointers on do this, don’t do that. Listen to them.
They’ve seen it all and know how to help from many home mortgage loans under their belts.
But during the application, all the way to the Maine real estate closing, steady the course. Or adopt the new ways of running your life on a budget to keep the boat from rocking.
Do not get involved in adding more heavy installments or spending down any of your personal savings in ways you think would help the deal.
Not unless, not without talking with the Maine bank loan officer who navigates the financing end of the home purchase.
He or she knows from home loan making experience what hurts or helps a property sale.
Also deal with local lending buying your Maine home.
The service is so so different and less stress, not as much money or time wasted getting your home mortgage if you do.
A good Maine banker will take the time to explain the programs that you should be considering. Will show all the ins and outs for Maine home financing that fit you best.
Your income now may qualify you for a Maine home loan that an increase in pay, moving in to a higher income bracket will take away.
So now if the time to get in to gear, pre-approved for a Maine home.
If the seller is not going to lift a finger and it is “as is where is” and you the buyer have no rich uncle or lots of money in your mattress.
Well now, the odds of a real estate closing happening on a particular property go down substantially.
Why rent, “throw cash in the trash”? And simply help your landlord put his kids through expensive colleges with the rental income.
Start small, thinking starter property. Just like your first car, and working your way up. Begin owning, stop renting.
Get pre-approved for a mortgage loan before drawing the “X” on the house that makes the heart go lub dub.
Broken housing hearts heal the slowest. Save the emotion and put the steps in gear that work the best and are tried and tested.
When you are under contract to buy the house of your dreams or the one that at least fits your buying budget best.
It’s prudent to go easy on the gallop gimmees spending after the pass the keys please too. You want to hang on to the home. It is simple. A case of “you pay, you stay. Or you don’t, you won’t”.
The ones only a seasoned bank lender can direct as the best house buying dance steps to avoid stubbing your toes.
Be aware of the market you are working in with the help and guidance of a real estate professional that has been through a few cycles. And knows the best paths to take from searching for a listing to financing to a successful real estate closing.
Make the list of what you want, don’t want and share it with your real estate agent or broker. Like the orders that come into the kitchen of your favorite diner, what you get depends on what you ask for on the green order slip.
Home bordering the waterfront, with extra land to farm, a woodlot to cut to heat your house? Places with a view what you deem as pretty darn important?
How many baths and are the extra waterworks scoring higher on your game card than say a garage? Prioritize what you think, not the agent or broker as most important to you! That’s how you get what you want.
But always think if I was the seller of this property listing, is it a good one to buy to sell suddenly?
And what I do to the place to feather the nest best, how expensive, do I have those skills, the time, the budget for the do a lot of the work myself?
All those questions should be answered before you buy so no surprises when you do have to sell.
Even if that does not seem likely now, what if a Maine real estate sale was needed quickly because of health, a job transfer, a divorce, all of it.
Is it the best and why or why not? Look for the convenience items of saving travel time to the addresses you will be visiting living in this location.
Consider the repairs needed, if the place has storage, space for future blue or pink bundles of joy from the stork express air drops.
Your offer on the property considers how much of a glut or shortage there is right now in the current real estate market.
Talk to the neighbors, they know everything right? How big a earnest deposit shows the seller how serious you are or are not. Or if you are strapped and reaching too high on the housing purchase and on your tippy toes.
Show the seller the money. So he, she, they can take you very serious. To know you mean business. To be viewed as not your average home buyer. One that does not come along every day so they are taken seriously.
The condition of the property at time of transfer and when is the possession date again?
Beyond the price, the seller considers the rest of the sale details as good for him or terrible. Make believe you are the seller, they are in the equation. Or better be if you want the best results in any offer you make on a property listing that you want to own.
Acceptance of the offer with too tight signing deadlines, the real estate closing date suddenly way too close for comfort are big deals to sellers, to banks and lawyers too.
The buy and sell, people’s life changes take time. Everything is not ASAP chop chop.
Is this possible to pull off this sale quickly and is the gun to your head to decide right now worth the knee jerk and rejection?
People don’t like to be pushed around and need time to get used to the idea of selling under the terms you outline as the buyer. Inspect, but get that out of the way early on so nothing is left hanging. Or the seller of the home feels you are tying them up way too long.
Play your cards right and you’ll get the house keys, the deed to the real estate listing you are after.
Low ball and try to emulate the west coast Hollywood unrealistic in small rural area real estate markets and you go away homesless. There are a buyer AND a seller in the real estate buying equation to consider.
To have more discussions on subjects like “rent to own homes in Maine” and the pros and cons of going that direction for buyers and sellers.
Follow our blog posts on step by step run downs of the process in getting ready, then buying Maine real estate. Call, click, email us!
207.532.6573 | MOOERS REALTY 69 North Street Houlton ME 04730 USA | email@example.com