The owner of the Maine home is out of state, wants to rent his property, the place until it sells.
So he can replace the home in Maine with another in an area outside Vacationland. Like a real life game of dominoes. Involving houses. Swapping one in Maine for another in some other state.
So the idea of why not rent with option to buy comes up. Sound good, some of the monthly money going toward a purchase price. Rent to own a Maine home.
And the renter can fix up the deficiencies while waiting to get up to speed to obtain a house bank loan in time. Because there are some credit issues to home house keep. To pick up, address and straighten out.
Because the owner has a Maine house mortgage that needs to be kept current.
The lender frowns on anyone doing a wrap around of the terms and conditions spelled out as the rules to abide by, a new Maine home loan is needed.
And the old house mortgage on the Maine home is not assumable these days. In fact if a transfer of title is attempted without paying off the house mortgage, all the money becomes due, escalates. There is an on demand trigger clause the seller agreed to, signed on to honor.
Those pesky lawyers at the bank think of everything. In fine print. For a pay you stay, you don't you won't approach to lending.
The listing price for property on the market, for sale in Maine, how much lower will the seller go, drop?
Can I buy the Maine real estate for less and how much of a reduction? What's the bottom line, rock bottom figure?
Asked that question a lot. Have to remind the potential buyer of a property listing a couple things though.
First, you are in Maine where property prices are pretty attractive all the time.
Low cost nothing new and one of the major advantages of a purchase along with Maine unspoiled natural surroundings.
All this space, less people and more wildlife.
Nothing new or a temporary condition to see low priced Maine real estate prices. It is the way we roll. So did you consider the property price is a deal, fair trade going in? Do you recognize the value already?
Because we are parked a little further up the pike.
So if you want to sell something, the owner has to be realistic, in line with the market going in as a given anyway. The price is often what the property listing price tag says on all the marketing propaganda.To get buyer and seller across the bridge to the Maine real estate closing.
So have to prepare the buyer hot to trot and let's make a deal, out to try to buy the property for fifty cents or less on the dollar that hold up. Whoa Tiger. Watching too many Sunday morning real estate informational shows. Don't expect all sellers to roll over, play dead. To pretty please pass the property for way less than the listed price.
Maine is the state you want to buy a home, invest in some property.
But have you scoped out the sheer size of this place up in the right hand corner of the country?
Big, beautiful, wide open country this state of Maine is. But telling your friends you are searching for a home to move, relocate to in Maine leaves things still a little vague.
Loose as a goose, big as a Maine moose. Not nailed down to a specific area and pretty wide open as to what does that mean for a location for the property?
Where in Maine, which of the sixteen counties do you want to invest in a real estate listing?
What type of property listing in Maine are we talking about kicking tires on? Targeting what specfic use or purpose for the real estate in Maine is helpful to know up front.
For an easy statewide Maine MLS search, click this link.
All prices, every property from border to border, contained in the state of Maine is available to look over, check out.
The color of the Maine home, house that a seller wants to move out of, relocate and replace it with another one smaller, bigger.
With more or less Maine land. Or in another area of the country, out of state. Does the color of the Maine property listing matter all that much?
In parts of the World the more colorful, vibrant the shades, hues, colors the better.It means festive, fun, let go and be foot loose, fancy free right?
You see that vacation cruising into port on a Caribbean island. More variety of colors than you and I might be used to in our neighborhoods that we call our real home.
Have always thought if you are the proud owner of a house in a subdivision of three hundred pretty much just like it units, how do you find your way home without GPS?
A trail of breadcrumbs? Or studying the house numbers alone? Possibly searching for some other memorable landmark. Like the next door neighbor has a basketball hoop, a front yard trampoline. Maybe an old Land Rover, Jaguar, something exotic parked in the yard as your beacon, reference point.
Every real estate market is different and in Maine, what's important in a property sale is usually the practical features first.
A good construction, solid building with a garage for out of winter snow.
An efficient, dependable heating system trumps fancy smancy at day long. Maine is not a state where folks are out to impress others.
Not living beyond your means. Being showy, snobby is not how a typical Mainer rolls.
They don't need attention, they need money in the bank to sleep nights. Pay bills during the day. To stay current and not lose their home.
So when listing a Maine property, what features in order are important in Northern sections of the state?
Affordable, being able to heat the place and neat, clean are a good place to start for most home buyers. The house if the roof is fairly new, the windows the kind that go up and down easily. Fit tightly. Seal out breezes.
The number of bedrooms fit the typical family size. Which I read is 1.6 kids. Those are a good starting place for the Maine house buyer. More Maine land always a hit. Greater space, acreage around the Maine home in the location close to work, schools and that will save gas for the essentials never go out of style.
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- Getting Your Maine Home Ready To Market, Sell.
- The Lists Of Must Haves, Don't Wants In Maine Real Estate.
- Junk, Cheap Maine Land For Sale. It's All Low Cost Property.
- Renting A Maine Home, Apartment, Do We Discriminate?
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- Your Character Is Important, But Your Maine Home Buying Credit Score Is Everything.
- Maine Real Estate Agents, Brokers Roles Have Changed Greatly.
- What Maine Real Estate Agents, Brokers Don't Like To Hear.
- Pile Up, Log Jam Of Over Priced Maine Homes.
- The Best Time To List, Sell Maine Real Estate?
- How Do I Make My Maine House, Home Worth More?
- Maine Birds, Give Them A Winter Snack.
- Don't Pull The Maine Real Estate Listing Marketing Plug In Winter.
- Maine Real Estate Blogs, Posts
- Fun Snow Sledding, Snowmobiling In Maine.
- Maine Hunting Orange, Look Good Wearing It.