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Mooers Realty Blog

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

The Maine Real Estate Market | How's Each Area Market Behaving?

The Maine Real Estate Market | How's Each Area Market Behaving?
How's the real estate market, is this a good time to sell my home?
 
What is my home worth? Is this the best time to buy a property? Study of the local real estate market in Maine, the snapshot changes like any investment right?
 
The activity report to show the numbers.
 
Maine has sixteen counties and they do not all behave the same just like kids. Link to county by county real estate listing activity. At the time of hunting, pecking this blog post, Maine has 16,224 active listings for sale. 3069 of them are under contract with a sale pending status. 2041 is the number of new listings in 2018 and 1872 properties have been sold this year to date. So here is what's cooking in the current market. camplife1
 
To look at the state of Maine to see what's for sale and where, hit this helpful search link.
 
My home town of Houlton Maine has 102 listings and that is not just houses but all types of property.
 
Raw Maine land, waterfront listings, multi unit rental housing are all in that figure to break out if needed. Not every property buyer is after the same thing. Like a menu, everyone does not select the same ole same ole.
 
It is interesting how many single family or condo or land listings populate one market in Maine and the supply of inventory in other markets is not the same mix amounts.
 
Prices for properties is a big difference too. A average house price of $70,000 could increase to $210,000 depending on the real estate property location in Maine. Maine is one big vast state. It is eight hours long. More if you are a turtle.
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Zoning Maps In Houlton ME | Town Of Houlton Zoning Property Uses. What's R-1, R-2, B-1 Mean?

Zoning Maps In Houlton ME | Town Of Houlton Zoning Property Uses. What's R-1, R-2, B-1 Mean?
The maps, zoning on property in Houlton Maine.
 
What does the comprehensive zoning plan ordinance say about residential, business, industrial or rural farm zone uses? It is always good planning to check on the zoning for a real estate property purchase BEFORE you close the sale. Because if you have to be able to have this use that conflicts with zoning regulations, way way better to know about it early one before the purchase. So you can shift gears and look for a suitable property that is wearing the right zoning classification.houlton me map zoning

Taking the issue to the zoning board of appeals when an exemption to permitted uses is needed all takes time with no guarantee of the outcome.

There is nothing better than looking up online or leafing through the zoning plan. Seeing okay, fine and dandy for the use. The zoning plan for a small town does allow just what you intend to do with the land location and structures planted on top.

Small Maine towns don't have home owner's associations (HOA), no snarky layers of zoning regulations or bylaws as a rule. That restrict the use of the real estate big time. In unorganized townships, plantations there is LURC, the land use regulation commission to approve the do's and don'ts when local planning and zoning boards are missing. On the 250' zone back from and around your Maine waterways, there is shoreland zoning regulations to wrestle with on new construction.

When your structures were built before the the lake front zoning became law, you are grandfathered in. But when it comes time to hope to add on or to replace a deck with something bigger, to repair a boathouse, whatever. It starts and ends with reading over current shore land zoning regulations.

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A Dozen Reasons Your Home For Sale In Maine Is Not Selling.

A Dozen Reasons Your Home For Sale In Maine Is Not Selling.

Your home for sale needs a real estate buyer.

Just one buyer they say is all it takes. But why is the property listing lingering on the market? It does not wear ten foot pole marks. You think it is the best house for sale on the planet bar none. You the seller are kinda perplexed at the delay in the real estate sale. 

Here are a dozen reasons your home for sale is not headed to a slide the keys, pass the check property closing.

#1 - First, foremost, the price for the home for sale is not in line with others in the local market. There have been recent real estate sale of places pretty darn similiar to your home for less money. There is a healthy supply of homes just like it that are priced lower than your listed price. fire passion in home selling photo

#2 - Marketing of the home for sale is missing or barely has a pulse. It is like winking at a girl in the dark. The results are poor when only the neighbor on each side of your home, the one living across the street know your house is for sale.

The marketing has to be way way stronger than just attracting a local buyer too. Bigger marketing pool, means more fish swimming in it to find your buyer quick and easy. The one buyer who is ready, willing and able to buy today. If they like it, if it fits their housing needs. Your real estate agent has to have fire in their belly passion to push the property, to market it's features to the hilt. Full throttle, hang on we're headed to a real estate closing attitude causes home sales.

#3 - The longer an over priced home for sale hangs around the real estate market, shelf life, or property listing mold begins to develop. Why isn't it selling, there must be something wrong the folks out in the online Internet audience wonder.

Often the only out of whack feature of the property is the too high a price tag it wears. I have had a home seller says the reason his house did not sell was because it was too low a price with his last two real estate agents. Believing that low real estate prices scare away home buyers. I have never ever seen a lower than the market value price for a home that has to sell fast keep people away. The marketing makes sure they know about this blue light special shoppers. But when the home for sale marketing is missing, the phone does not ring, the email server does not glow red hot from activity.

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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 an equestrian 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.

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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.
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