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Mooers Realty Blog

Latest Maine Real Estate News, Local Community Area Events From Mooers Realty. Help With Buying, Selling Property Listings Process.

Buying A Home In Maine | Prequalified Or Pre Approval Letter?

buying-a-home-in-maine Thinking About Buying A Home In Maine ?

Buying a home in Maine, are you prequalified or have a pre approval letter to show you can get a house loan?

What is the difference between prequalified or pre approval for a Maine home loan? Like many real estate terms, there is confusion out in the home buying audience. Buying a home is not something most of us do on a regular basis.

buying home in maine

This blog post tackles the topic of a prequalified or pre approval letter from a bank making the potential loan on a Maine home.

As the buyer, you don't want surprises. As the real estate professional or home seller, you need to know this buyer is legit. Especially during the COVID19 pandemic, making sure a buyer that needs bank financing is good to go is vital. It saves everyone time and assures a happy ending to home buying story.

Buyers, sellers, renters and real estate agents are all extra cautious due to the COVID19 pandemic home showings.

Where to start as the first time buyer. Or someone who had owned a Maine home but it's been a while. Unless we are talking a cash sale for a Maine home, financing needs to be nailed down. Sooner rather than later. Before the wheels turn and lots of folks get involved in the home buying situation. Is the home buyer in Maine all checked out to purchase before they enter any homes physically or virtually. 

It is fun to browse and see what's for sale on the current Maine home real estate market. 

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Maine Real Estate Market Report | COVID19 Shaking Things

real-estate-market-me-repor Maine Real Estate Market Report |The COVID19 Effect

Maine real estate market report, how's COVID19 shaking things up?

In lots of ways. Big time adjustments happening in the Maine real estate circles I roam wearing a mask, gloves, booties. All of our personal lives in Maine aren't quite the same because of the coronovirus.

This blog post will cover the current Maine real estate market report numbers today.

We look under the lifted hood at Maine Listings to see how the property list and sale is going. But remember, "how's the real estate market in Maine" question response depends. Do you want the entire state as a whole averaged together or are you asking for a county, just a local community print out of how the chips fell for a Maine real estate market report?

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This blog post will also go deeper to expose what real estate professionals are seeing beyond the market numbers dealing with anxious pandemic buyers and sellers.

First the numbers, Maine real estate market report statistics gleaned and here's what shakes down. The year to date from last May 2019 to May 2020 shows listings were hovering around 10,000 and now the supply closer to 6,000 units.

Maine real estate listing inventory of what's for sale for Maine real estate is way down.

COVID19 making some property owners to think twice about selling and they are pulling listings. Or simply not listing at all. The absorption rate is off over 21 percent year to date from study of the real estate market numbers for Maine. In real estate, the absorption rate is calculated by taking the number of homes sold in a period of time and dividing that into the number of available homes.

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From May 2019 to May 2020, the absorption rate in the Maine real estate market was off 26.71%.

The May 2020 absorption rate according to Maine Listings data was 3.54%. Sold listings for this period were off 6.3 percent. Pending listing volume is down 8.percent and active listings are off 19 percent. New listing volume is off the mark over 20 percent from May 2019 to same month in 2020 side to side comparison. 

The average list price for homes in Maine is up 8.7 percent for the same month of May, our latest figures that always run a couple months behind before everything is tabulated.

The days on market 79 down from 85 a year ago in May 2019. The market is fast, the supply of listings is down, prices for Maine real estate properties are up. Also, the average sale price is off  a little under 1 percent. That's the long and short of it. 

In Maine, here's the graph that shows the curve of activity for May 2020 real estate market activity results.

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I know, I know, sometimes when I hear a lot of numbers or see too many pie or linear charts or bar graphs coming at me, my eyes gloss over. The ears start to take in same old statistical sound. Hard to understand like Charlie Brown's teacher and her Blob Blob muted trombone or French horn monitone voice. 

Maine is a big state.

You don't sum up the Maine real estate market report in a few numbers or a couple sentences. The real estate market for Maine can seem skewed when you try to size it up whole.

Like ordering a steak and the waitress wheels in the whole cow.

A handful of cities and what happens for prices and the listing / sale real estate volume in those does not match up with small Maine town locations. The prices swing wildly up or down depending where on the Maine map you zero in on for real estate sale information. They all behave so differently. 

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Real estate is specific to an area and there are different types of property listings. 

Prices spike up and down depending on local supply and demand, other economic factors.

Like Maine weather forecasts, one size does not fit the entire state and each region changes quickly. The information today can be all wrong tomorrow and give the wrong impression on very important market real estate market report news used to buy and sell.

Agents, brokers, REALTORS don't just list and sell Maine land acreage and empty buildings.

People are connected to the real estate listings in Maine. Folks very much alive and verbal with high emotions, low feelings, big fears, high hopes and dreams. All attached to buying and selling that calls for lots of empathy and understanding. Markets change in real estate depends  on events in those communities, county, state, the nation. 

Everyone is testing positive for showing signs of fatigue.

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Major events effect the routine you already had established and didn't  have to think about daily. COVID19 is one of those big uncertainty game changers to life as we knew it. The buyers and sellers we deal with during the COVID19 pandemic have more on their minds.

Not sleeping so soundly. They may not have the virus but stress builds as you try to protect the spread or getting it yourself. When your pocket book is effected too that riles up a person too. If freedom of movement is restricted, cut off from loved ones, not able to shake hands or give or receive a hug.

The future is not clear as a bell simple. COVID19 stays front and center in our daily life decisions and all you hear about in the news. Real estate is effected and no exception as the market results show the virus effect ripple.

No matter what happens in your life, somehow real estate is involved.

Underneath all is the land. Shelter, whether a mortgaged home or rented apartment space, the roof over your head is pretty dang important. Right up there with air, water, food, love, safety.

Maine has the highest percentage of second homes in all fifty states.

Those vacation spots around Maine are now being re-purposed for more than a long weekend or seven day vacation. In groves, the owners are flocking to Maine to leave the city settings.The big bonus is if Internet connectivity is loud and long strong so telecommuting to the remote online job continues uninterrupted.

Have a little red log lake camp totally overhauled with gusto. To create the nest for a new grandson and his parents who can continue life for a spell in Maine. Far away from a restricted, crowded city location they are in now.

We stock the real estate for sale shelves like a big box store open day and night serving up the big buffet all you can eat. 

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Small Maine towns rally together, in the beginning making sure everyone had basics like toilet paper.

When schools closed, buses without kids were loaded up for home lunch deliveries that still continues. We worked on the areas most important to make sure basic needs were met for all the local population. Then lots of creative work arounds to protect the population from COVID19 all shared on local social media channels. 

Living in Maine, we all have real life training for surprises and set backs.

We know this is not a practice drill. The weather is always unpredictable so we prepare for the worst, hoping for the best. We deal with it, not whine about it. Everyone is more connected in small Maine towns.

There is less feeling sorry for yourself because you are well aware some have it much tougher. Those are the ones we rally around to help. Being supportive of others takes away the time to worry about yourself. Together everyone's needs are met and every resident is front line and needed when your population numbers are low. 

It helps if you have parents that have told you stories about rationing during World War II, that remember big events that shaped their lives. The Cuban missile crisis, JFK's assassination, the Vietnam event, Sputnik being released to orbit the Earth.

Most remember 911 not so long ago and what that load felt like to deal with daily. On top of whatever else a person was struggling with at the time. COVID19 is something extra that you think about and no one has all the answers. It teaches patience, it shows who in the country cares about others or more about just themselves.

But look at the anger just over the topic of wearing a face mask or not. Mask it or casket. Wear the mask, wash your hands, limit your trips to public places.

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COVID19 shows how do you deal with boredom, solitude, impatience and financial uncertainty.

If anger increases, what's the source? Wished you had relocated, moved to Maine early? Are you worried about burning through hard earned savings or resentful of those getting a check for free while you work like a dog?

Lots being examined in the soul searching and serious consideration of just what is most important in your life. Our job as a Maine real estate broker is more than just list and selling properties.

More personal attention and snappier buyers, testier sellers with the pressure of COVID19 adjustment to the new way of life. The stress cracks on everyone are showing. Lashing out and being angry when the situation is nothing you can snap your fingers to change. It means patience, empathy, work on solutions not attacking or blaming people works best. 

Priorities, where you want to live now that COVID19 is with us for a long spell.

Short or long term goals when no one has all the answers yet. Those tests are the real lessons in life and some are dealing with the struggle better that others. One thing is for certain. Attitude is everything. Caring for your local community and family first leaves little time to lament about personal needs only. 

What I hear and see living as a local in a small Maine town is gratitude.

As locals reconsider what life is like in a city, how much harder and more expensive it is. Maine looks pretty darn good. In Maine we don't have gangs, drive by shootings, highly charged crowd unrest. Traffic is nil, crime is the 4th lowest of all the states in the USA. Real estate is lower priced and there is plenty of affordable housing. You don't have to make a ton of money to live very well in Maine. 

Look around, the state of Maine is drop dead gorgeous.

Needs no make up or cosmetic surgery. Pure, natural, wholesome and unspoiled. Fresh air, clean water, lots of wildlife, less people. The need for layers of players and restrictive regulation goes away when the population is lower and the money to fund everything is removed. More than ever, COVID19 just proves the point. Maine, the simple way life should be. 

When you see how Mainers help each other, when we already live socially distant. andyderbykids

If you consider our fun is outdoors year round and without lots of people and costing nothing but a few gallons of gas, a home made picnic lunch. We have it made. Heating with wood, heading up to camp for some recreation or relaxation. We already live like we have more than enough of what we really need. We do. 

How else is COVID19 affecting real estate in Maine?

The local banks for mortgage lending are always the best option because Maine like the rest of the nation has a shortage of real estate appraisers. Local banks are slammed making lots of PPP loans. The low priced properties and tiny interest rates are very attractive to those moving here used to very high property tags. Banks are beyond busy.

Bankers, local attorneys and their staffs, insurance agents, handymen and trades people when repairs are needed.

Everyone involved in the real estate transaction from the agent, buyer, seller on down hold up differently. COVID19 affects everyone many ways. If you lost a family member or they are where you can not visit them. Like across the closed border with Canada or just too far to get to with restricted travel out of state. Or if highly protective because you are in the high risk category or someone you love is. Then all those factors churn and burn inside a person who feels helpless.

The need but lack of a quick fix to COVID19 shows you are human.

That we need each other more than ever and shows clearly just who the helpers, leaders are to get through to the other side. But changed, new and improved if you live in Maine. That's our attitude, how we make it work and not just survive coronovirus but like every other hardship that comes at you, come out the other side somehow better for it.

Making something good requires hope, faith, dogged determination to not let anything get the best of you.

Small town Mainers know everyone has a role. Even if it is hold your tongue, be positive and don't tear down a person, attack instead the problems. Be a resource, pitch in and help and offer solutions rather than criticism. At times like these, fighting, self centered toxic people only add to the problems. They rob the passion needed to seek the best quality of lif possible no matter what is happening.

That's you Maine real estate market report and how COVID19 is shaking things up in Vacationland.

I'm Maine REALTOR Andrew Mooers, ME Broker

207.532.6573 | This email address is being protected from spambots. You need JavaScript enabled to view it. | 

MOOERS REALTY 69 North ST Houlton ME 04730 USA

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COVID19 Coronovirus Real Estate Rules For Showing Properties In Maine

covid19-real-estate-showing COVID19 Coronovirus Maine Home Showing Rules

COVID19 coronovirus real estate rules for showing properties in Maine?

What's involved these days for folks wanting to see a Maine home for sale? Depends on the day what the best answer is for that question is because everything is influx. Like most areas of life in Maine, COVID19 caused new real estate mandates for home showings. As a World and nation, the state of Maine government has done its best to set up the ground rules for real estate agents and brokers.

The Maine Association of REALTORS too has followed suit and issued its own best practices for COVID19 house showings to keep it's five thousand plus membership safe.

The adjustment and work arounds for safety sake is an on going process without a script and is evolving. Yes, MOOERS REALTY is still showing houses but a lot different and with safeguards for everyone in place. Two week quarantine sheltering in place, 72 hour COVID19 negative test results part of the getting inside to sneak a peak up close and personal.

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But Andy, today, what are the COVID19 coronovirus rules for showing properties to home buyers?

If agents, brokers, Maine REALTORS are scrambling to keep pace with the tightening and relaxing regulations, just think of the out of state real estate home buyers. Who get a different spin from every state they are considering investing in a piece of property.

The home buyer knows the real estate rules in his or her state if they seriously keep up with the issued daily directives. But every state has a different plan for shutting down and reopening. Lots of push forward, pulling back and the media report quickly gets outdated for real estate house showing protocol.

COVID19 coronovirus real estate rules for showing properties in Maine.

No matter what the day, if you are thinking of traveling up into Maine to see a real estate listings, hold it. Whoa. Check the Maine.gov website for the latest COVID19 rules. When motels, campgrounds, cabins, inns or other lodging was not open, it was drive a lot and look a little and leave the state the same day. Not everyone has two weeks to hunker down and stay below radar when they arrive which is required unless you have a 72 hour negative test result for the COVID19 coronovirus.

Have you seen a map of Maine lately?

Nothing has changed in her size. Big, beautiful and a lot of her to love. She is one large honking state. And not everyone can afford or is searching in just the Southern Maine real estate market only. 

Here are the COVID19 coronorovirus guidelines MOOERS REALTY follows for in-person, on-site real estate property listing showings. 

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Properties For Sale In Maine | Maine Real Estate Listings

properties-for-sale-maine-3 Properties For Sale In Maine | Maine Real Estate Listings

Properties for sale in Maine.

Maine real estate listings come in all sizes, prices, a slew of locations. Because the state of Maine is so vast, where to look for properties for sale is a big part of the listing search process. Travel time is very important whether you visit for vacations or live here full time in Maine.

properties for sale maine

There are no bad communities or sketchy neighborhoods to avoid in a small rural state like Maine. Instead geographical distances are usually the first consideration. It helps to whip out the magic marker and create the big circle around the area of Maine where your interest is. Also, because the real estate properties for sale in that area of Maine match the thickness of your wallet.

More affordable properties, lower priced Maine real estate listings are found the further up into the interior you go.

Veering away from the higher priced coastal regions will help stretch your dollar. Any true Mainer always hunts down the best bang for the buck in their property purchase or anything they set out to buy. Besides the price point on the Maine real estate listings and getting more for less, a property buyer has to consider what do I like to do for fun? At whatever stage of their life, what fits my real estate listing needs best is just as important as what all the current listings cost.

Your quality of life lives and dies by what happens around the properties for sale in Maine.

If you love horses, being in a community set up to meet the needs of your passion is key. Good vets, feed stores, others that like to horse around too would help you pick where to look for properties for sale in Maine. Your property address of your new home makes so much difference to what happens in the future in your life.

If your search for Maine real estate centers around some waterfront property, the where to look comes back to how much is budgeted for this type of listing. Not every property borders the waterfront. The supply falls short of keeping up with demand for waterfront properties and can force you to go deeper up into Maine to find some you can afford.

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Lakefront Properties In Maine For Sale

deering-lake-maine Lakefront Properties In Maine For Sale

Lakefront properties in Maine for sale.

Are you after real estate in the Maine waterfront category? This blog post introduces you to four fabulous lakefront properties in Maine for sale. Video is the best way to do perform the show and tell task. Especially due to the current COVID19 pandemic that has the planet on a leash. Sheltering in place, working remotely from your 2nd vacation lake home in Maine makes #alonetogether not so hard to take. Video is now, instant, quick and effective. Saves you time, gas, delay and running the roads, paying the rolls. Lodging is a little harder to maneuver in Maine thanks to the spike headed virus cell dubbed Coronovirus or COVID19. Mainers are resourceful in the work arounds and MOOERS REALTY was already fully lock and loaded with the videos for real estate, for local community information.

Rural real estate agents and brokers in Maine stock the shelves with all types of property listings.

But none are as precious as waterfront real estate listings. Not every property for sale in Maine is parked on a lake. The size of the lake, what swim in it for fish, what recreational trails surround the lakefront property listing and distance from home, the price. All those very important factors influence which lakefront properties in Maine get scooped up and enjoy.

So on with the show. I grew up on a Maine farm and taught never to waste daylight. But our real estate video channel shows that night time visits to the collection of Maine waterfront property listings is where the analytic spike goes highest. Close to bedtime is how many end their day before reaching over to turn off the bed stand lamp. Looking for lakefront properties in Maine buyers decide to toggle the video links. Click, watch, listen, take the video tour. New listings on the waterfront especially are the most popular. Without a doubt easily studied hardest and considered by those thirsty for the fun type of Maine H20 real estate listings.

First up, a lakefront property in Maine for sale on Brackett Lake. Click the image below to take the open house virtual video tour.

Watch the 76 Lakeside Drive Brackett Lake Weston Maine real estate listing video.

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The new Maine lakefront property listing on Brackett Lake is a Katahdin cedar log home, topped with metal like the shed.

Over 206' of Maine waterfrontage for sale if you are looking for a neat lake property listing. More creature comforts like 1.5 baths, laundry, pantry closet, cathedral ceiling, screened in front porch, drilled well, fulll modern septic system. Ideal set up if you are in the real estate market and fishing for something from the lakefront properties in Maine category. The price $124,900. Let me know any questions you have about this property in Aroostook County Maine. More on the town of Weston where the lakefront property is parked by the water.

Next up, another from the newly listed lakefront property in Maine for sale section of our big box real estate department store. What can MOOERS REALTY tell you about this waterfront vacation place on Lower Hot Brook Lake in Danforth Maine? In a nut shell, you get a brand new ranch tyle vacation place with private water well and septic system. Metal roof and sided storage shed, the lakefront property in Washington County offers a 12' x 12' open deck out front.

The Maine waterfront lake lot is level and you don't have to be a mountain goat or a spring chicken to access it all.

To sample the shore and get back safely from the waterfront. Not every property listings on the lakefront in Maine is a casual easy stroll on an established path to and from the waterfront. But this lay of the land lake terrain is. Looking at the Maine lake is not half as fun as being out on it fishing, water skiing, swimming to cool off like Flipper. You want to be able to have the entire family to have easy access to whatever lakefront properties in Maine for sale are up for consideration on any given day.

Learn more about this lakefront property in Maine for sale just listed last week in time for summer fun.

Watch the video for 19 Woodland Ridge RD, Lower Hot Brook Lake in Danforth Maine.

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Things a little fuzzy, new to these parts of Vacationland?

Been to Maine but not nearly covered all of it? Especially a little further inland and northerly where the best real estate is low priced, hanging closer to the ground to buy. Get more for less is how it works in rural Maine. Need a little extra local community information first to get up to speed? More on the town of Danforth near Downeast Maine. This is another fine real estate selection from the lakefront properties shelves. But llike clothes, the fit is different for everyone. What works best for you at this stage of your life is personal. If you can share the scribbled list you made for "gotta have" and "don't want" items.

MOOERS REALTY is ready and waiting to match make get you linked up with the right lakefront property in Maine for sale. If you provide your contact information, the run down of what you are looking for today, I will pour over the current listing inventory of Maine waterfront properties.

But before signing off this Maine real estate blog post for lakefront for what's for sale, just two more waterfront property listings to examine.

How about a lot, land on the lakefront in Maine? Maybe you don't want a structure and plan to build something slowly. Or that travel trailer, motor home just sinking into the ground behind your garage from lack of use. Wouldn't it make sense to get it to Maine, park it on the lakefront? I hear it a lot. The Maine real estate buyer about ten years away from retirement and wanting to buy the lakefront property now for the vacations. Until time to pack it up, sell off what you don't really need to lighten the load. To heave ho, here you go with the move to Maine for good.

So here you go, below find a double decker. Two stack of a pair of lake lot videos for waterfront real estate in Maine.

Watch video for Brackett Lake waterfront lot real estate.

lakefront properties maine

And one more to round it all out before signing off to move on to other Maine real estate chore list duties today. Real estate on a Maine lake, any watefront. Nothing compares to the enjoyment you and loved ones will have on the waterfront investment. Ready to go with driveway in, corners surveyed pinned. Not far from Houlton Maine where you get all the services, all the products you need to pick up during your vacation stay in the Pine Tree state. You get access to the Million Dollar View, the East Grand chain of lake waterways. This lakefront property for sale in Maine all surveyed, large sized and with easy access.

Watch video for Deering Lake waterfront property listing.

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All types of real estate for sale in every price range, location, property type and not just lakefront properties.

That's what we do, why we are on Planet Earth. Here to help if you are in the market to buy, sell, trade. But new listings on the waterfront being worked on round the clock. Nothing gets so much use and the best results with the COVID19 pandemic virus adjustment than virtual videos. So please like our MOOERS REALTY video channel. Cool off, dream about being on the waterfront in Maine. Subscribe and be the first to know every time something newly listed from the lakefront properties in Maine for sale video category gets uploaded.

I'm Maine REALTOR Andrew Mooers, ME Broker

207.532.6573 |  This email address is being protected from spambots. You need JavaScript enabled to view it.  |  MOOERS REALTY 69 North ST Houlton ME 04730 USA

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First Time Home Buyer, House Hunting In Maine?

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What it's like sliding into the shoes of a first time home buyer house hunting in Maine?

If you already bought and sold a few homes, you forget the full extent of your first time buying a house experience. But anyone in the real estate blog post audience renting and wanting to start owning knows first hand exactly what it's like.

First time home buyers want joy, feel pain.

They worry, wonder, get excited and dream but have some torture. Fear of "am I ever going to be a home owner or doomed to rent for life" is a prison sentence.

Often like most worries and anxiety, there can be a well thought out work around to stop renting. That's where I can help with 41 years of real estate experience assisting buyers and sellers in the Maine market.

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Being a first time home buyer on the hunt for a house.

You need to make a move, want a place to live to start putting down roots. What's it really like as a first time home buyer? Finding yourself homeless, or at least not able to call your home your own but living in someone else's place?

It's no fun. Not good business either. Like cars, starter homes are the beginning. But sometimes what you can afford is not quite up to snuff enough to satisfy property requirement standards of the first time home loan program you qualify for today. 

Buying a home in Maine is a big deal.

A milestone in life, that's what home ownership is. A huge financial undertaking and responsibility. One heck of a hedge against inflation and a wise investment buying not leasing your "shelter".

Families need a home to grow up in and surrounded by a neighborhood to make lots of memories. A backyard for sleep overs, used to practice pitching with a tree or two to climb. To build a club house and a spot for a garden and to park the swing set.

Month to month renting is one thing for the short term but someone else's, not your own gets old pretty fast.

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Signing up and taking on a thirty year mortgage loan commitment on your own home in Maine is a whole other matter.

This blog post is about the first time home buyer house hunting experience.

To help those lacing up the running shoes ready to get in the game to become a home owner. The post to also remind those that may have forgotten what it was like and to add a twist. To educate and share what it is like today to be a first time home buyer. 

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Real Estate Market Report For Maine | Is COVID19 Impacting Listing Sales

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Real estate market report for Maine, how COVID19 is impacting listing sales.

Blogging real estate market reports these days, the COVID19 effect on property listing and sales in Maine is what inquiring minds want to know. Like most events in a local real estate market, the factors helping or hurting don't always impact to the same degree.

Maine is one big state with over 400 small towns, plantations, a handful of cities.

Stay at home mandates, the CDC quarantine restrictions in Maine make how you use your home these days very different. Home offices set up in the corners for Zoom meetings. The blackboard rolled in and table set up for home schooling. Working from home all change the use of the house in Maine.

If you were a house owner used to running the roads and never home.

Well, COVID19 reversed that habit. Shopping for two weeks at a time and not daily running in for a handful of items means park it at home more than anywhere else. Life as you knew if before COVID19 started knocking at the front door. boat coastal harbor views

The real estate market in Maine is lots of smaller ones from around the sixteen counties.

Summing up what the real estate market is like for the state as a whole is always dangerous.

Because what a reader, listener, viewer of the media report takes away from any report is this latest spotlight information applies to every area of the Maine real estate market.

Lewiston or E Plantation, Vanceboro and Ogunquit or Portland and Caribou's markets could not be more different for what goes on in the listing, selling real estate World.

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Coronovirus and real estate market report for Maine, the last post on the topic compared year to date statistics.

But like any plant closing, health  issue, heck even the weather or growing season, the effects on the Maine real estate market take time.

The event hits or misses like an approaching asteroid. Or to see the results and to be able to pin point what caused the chart graph squiggles up high, down low or flat in between. It varies greatly because Maine has urban and very rural markets. 

Often the coronovirus could be blamed for a decline in a certain real estate market.

When if you historically look at this time of year, with or without COVID19 in the real estate market background, the market is off for listing production or property sales. The numbers don't like and you can not just trust your gut as a real estate broker or agent that is supposed to top of the market pulse.

Winter was slower to let up and go away. Who's in the Blaine House in Augusta can impact the real estate market statistics too.

Housing sales, if the buyer of a home is using a bank mortgage lending program to get the keys to a new place, that process can eat up six to eight weeks.

You have to factor that in to the process as you eyeball the numbers that don't lie in the real estate market report.

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Coronovirus, Real Estate Market, Maine Rebound Looking Ahead

community-band-maine Cheaper Living In Small Rural Maine

Coronovirus, the real estate market rebound, looking ahead down the road.

There is lots of buzz around that topic in circles I swim in. The local real estate market place and coronovirus. What's to come in our marketplace? Like many topics picked up by the mainstream media and wearing highly trending hash tags on social media channels, large real estate markets get the press. This blog post focuses on the coronovirus and the small Maine real estate market from a local broker's perspective. It really helps if whoever is relaying the what's it like for any small Maine topic to poll people who live there for the up close and personal.

Much like politics, the round the clock newscast heaviest focus covers New York City, Seattle, Miami, Los Angeles or you spin the wheel to pick the large population pocket target.

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The hot spots for the coronovirus are real estate markets where lots of people get squeezed and jammed in very tight quarters. Where there is little space to be had. Those same large real estate market areas are where land is long gone or comes at a very high price.

So we're getting there, to the how is the local real estate market now that coronovirus is picking up speed as we shelter in place to flatten the curve.

Need just a little more background to set the stage to how this blog post thread unfolds. Because every real estate market is so different. When you hear someone expounding on the real estate market, always always ask for which area. Misinformation happens because the tendency to talk for the entire country is applied. There could be nothing so different as the real estate market in one location compared to another one. The effect of the coronovirus on the real estate market is also very dependent on which area you are talking about right now. In rural Maine, real estate brokers and agents do not have nearly the hardship as ones practicing in large urban population centers.

When I visited Santa Monica California years ago, the real estate broker our family stayed with proved the point on how my market and his operated so not the same.

He flat out reported there were no empty house lots to buy and build a home. It's worse than musical chairs. At lease in that game, there is one empty seat to be had. The small rural Maine real estate market has all kinds of lots to build on now or in the future. My California real estate market counter part and wife had recently done what had to happen if you wanted to build new. People purchase existing homes and tear them down. What they construct costing large piles of money is on a teenie weenie dinky lot. Everyone fences off the little postage stamp of what they have to promote and preserve privacy. The lot sizes in Maine are measured in acres. The big city house lots are marketed in square footage amounts to sound big and exciting with lots of numbers.

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Marketing Real Estate During Coronovirus | Lucky To Be A Small Rural Maine Broker

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Marketing real estate during Coronovirus, lucky to be a small rural Maine broker.

In my area, everything is cheaper. The cost of living is lower to in Aroostook County. The locals don't hire everything done and no one lives high on the hog with cash to burn thinking. We don't need a lot to be happy and content. The small tightly connected populaton is very grateful for what we do have. Very aware and know it is more than many for which we are humbly thankful. We have all we need for quality of life taking the precautions needed to avoid catching or spreading the coronovirus COVID 19 infection.

Real estate property listings in Northern Maine are low cost.

Not some of them, all of them. With coronovirus pandemic, how has that changed anything in the way things roll? Well as for the effect on the Maine real estate market. Too early to know because the numbers are still being made. When tough times arrive, we do everything we can to help others struggling. We all know our roles and work together to get things done in small Maine towns. Maine is mostly small rural communities, has only a handful of cities. More land and wildlife than people.

coronavirus maine

Appraisals on properties for a mortgage are based on the market that was, real property sales in Maine.

The decline, rise or more of the same is what happens with Maine property sales. All that gets reflected in each and every Maine real estate market report. Stay tuned as we get deeper into the COVID19 effects of the real estate market stats for Maine. We hammer out regular market reports on the speed, the health of how the properties are moving along. And what all that means sliced, diced, spit out.

Tailor made to reflect Maine, not the nation as a whole.

All the while pointing out it makes a big difference WHERE in Vacationland you are curious about today. Buyers, sellers, agents, brokers, bankers, appraisers, the entire local population should be concerned about and looking for current real estate market nitty gritty details.

You and I read and hear the same reports on China, Italy, how things are developing around the coronovirus pandemic.

But blog post is here in Maine. How are we living with coronovirus in rural Maine? I think much easier than most places where the population is big, slow moving and crowded too tightly together. It is a lot like David and Goliath in how efficient and creatively the day to day gets down in small town rural Maine.

In the span of just twenty days, the Texas or wherever it comes from crude oil tea dropped 54 cents a gallon where I live in Maine. The heating oil delivery just made to my in town home was $1.54 per gallon. My son, daughter in law and first grandchild live just a mile and a half way relying on strictly wood at the farm. There the year's fire wood for next heating season is in place. As much of the food we do eat is produced locally. Potatoes, squash, cabbage are farm to table.

Canning and preserving happens in small rural areas. Home made bread, muffins, cookies and cakes always rolled out of the kitchen. People have chickens for eggs and meat. There is beef in the freezer, it's what's for dinner. Crock pots with veggies, a variety of approaches to keep it new and interested has always been served up to put on the family table. It was not caused because of COVID19 developments. We survive differently and simply living makes a game out of the way we roll. We enjoy year round what most only tap into once a year or less often in Vacationland. This is like a natural Disney Land without the people, without the lines at Space Mountain. Maine outdoors to camp, to fish, hunt is open year round and it is accessible by the common man without even opening the wallet or purse.

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Maine Real Estate Market Report | Too Early For Coronavirus Listing Sale Statistics Effect

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Local Maine real estate market report, what the property listings and sales numbers show for a trend.

This blog post is about the current Maine housing market. New listings, sold data, how long a typical house sale is taking in Maine today. How individual areas of Maine's real estate market are percolating and why they are behaving that way. Too early yet, it remains to be seen what the Coronavirus COVID-19 will do to the next Maine real estate market report.

The average list price for Maine real estate residential listings is year to date up 7.32%. The supply of inventory was 4.8 months worth on the statewide MLS conveyor belt a year ago. Today that cookie jar is down to 3.71 months of real estate residential listings. The sales price for Maine houses is up 3.82% for single family residences. But stay tuned for how the Coronavirus and counter measures impact those numbers we report on in the next blog post installment.

Today looking back over our shoulder the last twelve months, statewide residential housing listing numbers show the DOM (days on market) is down 17.35%. The home listings are taking less time to slide over from the pick me please, I'm available into the SOLD column.market reports real estate

Maine has lots of affordable housing inventory but local jobs for people to make the payments is always part of the two step dance music that is happy, sad or "meh" in between.

Employment opportunities, the local pay scale and hourly wage play a huge part in keepinng the lid on the single family housing market. How things shake, rattle and roll in just the residential category of Maine real estate listing sales today is what you will get in this market report blog post. That kind of news is very important to home buyers, house sellers, investors, bank appraisers, government officials, the agents and brokers working hard day and night down in the trenches.

The strength or weakness of the local Maine real estate market affects a person's life and financial health.

Serious stuff. It is not like just small talk banter to fill time about the weather in conversations either. How long is it taking to sell a house in Maine? What are Maine homes selling for today? Everywhere the real estate professional goes in their travels, the same important question gets asked over and over. How's the Maine real estate market today? People want to know. The local media tries to give it attention but a clever sound bite, a less than 30 second synopsis does not do it justice.

The real estate market report is pertinent to where you live and the same forecast in the greater Portland metro does not play out so well in St Agatha or Vanceboro or Greenville Maine housing market.

Active, under contract, an increase or decrease in supply of real estate housing listings is used like a doctor or nurse monitors a patient. Your real estate home listing lives and breathes in a unique set of market conditions wherever it is in Maine and this market report information is vital.

To know when you the seller should make a price reduction to help the process and not wait for one brave soul to make an offer to get you to consider taking less to get to a real estate closing for a sale. The real estate market absorption rate, when there is a healthy six month supply of inventory you look at pricing one way. When the absorption rate shows a shortage or glut of listings. That important statistic signals what to expect ahead and dictates what needs to be done with the property pricing to cause it to sell when others do not.

Real estate market report statisitics always fill columns county by county in Maine with the actual sold price compared to the listing figure.

The one tacked on to the home in the beginning of the process and that proactive sellers and agents / broker hopefully adjust a tad along the way. That ratio number also is all important to know what the current Maine real estate market is looking like and what your buyer or seller should know to make moves in it. When home listings are flying off the shelf, when multiple offer situations and bidding wars occur, that behavior says something about the current housing market in Maine.

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Big Pieces Of Maine Land Are Great But A Little Can Be A Lot

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Big pieces of Maine land, the thought of owning hundreds of acres is a delicious dream to many.

But a little less Maine land can be a lot, more than enough to provide over the top enjoyment of the property investment. This blog post quickly looks at when just a little Maine land works just fine. When all you need is a spot, to get your foot in the door so to speak with Maine land ownership and enjoyment.maineland1For starters, money is always an object or limiting factor buying Maine land.

There is an old Maine expression about farmers being "land poor". Like in the game of Monopoly, buying everything you land on takes it toll and you end up having to mortgage something to stay in the game. You ever coined the phrase about "Maine land, they are not making anymore of it" is so right. When you do the math calculations of the price per acre and see the giant land acreages in rural Maine that are listed for sale, excitement grows. The out of state Maine land buyer thinks he or she is stealing the property because where they live large acreages don't exist. And what is available for land listings for sale is two, three and more times higher priced. 

So back to the premise buying Maine land that a a big piece is wonderful but a small lot or plot can do the trick just as well.

The blog post title on Maine land above considers what drives the need for the acreage, why the buyer is searching online for this type of listing. Land just land in Maine buyers more often than not just want a cheap vacation property for the four season recreation options all around it.

The Maine land is used as a base to explore and discover the four season natural beauty of unspoiled Maine.

Camping and tenting and sleeping under the stars starting out after the real estate closing. Maybe pulling up the travel trailer just sinking in their too small back yard where they live the urban city setting. The one surrounded by fencing like a fort to protect the family members inside from outside hassles.

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Divorce, Real Estate | Buying Selling A House In Maine

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Divorce, real estate and how to work out the buying, selling a house in Maine.

When you are in a divorce, the song goes something like this, sang a little divorce buying maine homeoff key "breaking up is hard to do".

Well, splitting up the couple and dividing up the real estate properties in Maine is usually a sad song.

But over half of us are divorced and kids often involved for the better, worse or more of the same.

This real estate blog post is about what happens to the current house, how do we buy or sell any home during a divorce.

Maine law, divorce and the real and personal property means rules to abide by. This blog post is a quick easy read to focus just on the real estate, the properties. This is what I see from my experiences as a Maine real estate broker if a couple splits up.

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Real Estate Expressions, Quotes And Tips

real-estate-take-out-advice Real Estate Expressions, Quote Tip Take Out.

Real estate expressions, those little quips, quotes and tips that are well worn but treasured wisdom.

Some expressions more popular than others and a few universal in any language. Like the one about the most important real estate sayingsthing to remember in real estate. Right you are. You instantly hit the buzzer and gave the correct three location, location.

Here is one more for good measure.

Location. 

 Heard a new real estate expression, a tip the other day about 1, 2, 3 applied to life. It involves a property sale tip, some wisdom advice.

 This real estate agent from the Charleston South Carolina area considering a move to Northern Maine.

As the couple and I walk in an unplowed long driveway with a boisterous young K-9 pup to a log home with a lot of acreage.

 Here it comes, the real estate expression quote tip...

 She said a mentor real estate broker always said you could do no better than being 1st born, the 2nd wife, the 3rd real estate agent. The last one might not be so easy as the three "L's" answer to figure out quickly. Get why being last, the tail end "3rd real estate agent" can be your best position?

 You could wonder why would you want to be anything but the first real estate agent to list, market, sell right?

 Simple. Overpriced listings don't sell. Period.

 It can take a couple different brands of real estate listing agents  for the owner to figure out it is not the sign on the lawn colors that cause a successful closing to happen.

 But who wants to waste all those six month, year long listing contract time periods with the price stuck too high for a real estate sale to happen? Be polite, realize you can not help them when the price is wrong Bob. Too high and stuck there means you the real estate agent are going to list it, lose it. Spending a lot of marketing time and money. Then getting much flak as musical brokers happens. You can not help that seller who really does not want to sell or has unpossible property price expectations.

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The Real Estate Market In Maine News | How Are Home Sales?

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How's the real estate market in Maine, how are home sales shaping up today?

What's a house in Portland Maine going for today? What about if I wanted to find a place on a Maine lake or an ocean front home? If you were looking for oh, I don't know, say forty acres or raw land for recreation somewhere in Maine, you would be wondering how are land sales in today's real estate market?

This blog post housing report like others before it jumps into the here and now for current Maine real estate market news.

To sneak a peek and tell the tale of listings, property sales, days on market and actual final sale price compared to the beginning listing one. To take the temperature and report the real estate market findings. So let's hop to it and roll up the sleeve, take the pulse and check the blood pressure of today's real estate market housing report results.

As always, instead of just statewide blah blah blah, an attempt is made to make the statistics have value to a buyer or seller.

If you are in now or plan to be soon one of those two camps, real estate market values are very hot news you can use. It's the biggest investment most of us ever make right? So it's kinda important when your wallet or purse is attached to the news you peruse. That 's why we do Maine real estate market reports.

So the headlines first in Maine real estate new reporting.

This month for the entire state of Maine 7617 current listings are for sale. This compares to 9361 listings a days on market reportyear ago this month period, a reduction of 18.6 percent.

Further study of today's Maine Listing's housing report inventory shows for the year, inventory numbers are off, down 6.3 percent for active real estate listings.

From the latest numbers, there are 955 new Maine real estate listings in the last thirty days.

A year ago this month, 852 new sellers put their Maine property on the market. All these real estate market stats are for residential. Maine is way more than just houses for sale and a little further down the blog post let's look into land listing sales, other property types to round out your take away today. 

 The number of real Maine real estate listings sold over the last year was up 1.9 percent.

For the current month, the number of solds are up nearly 24% statewide. Pending listings,  fingers crossed and expecting to become slid into the SOLD statistics column are up six percent for the last year. The number higher by18.9 percent for this month than a year ago comparison. 

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House Hunting In Maine

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House hunting in Maine. Looking for a home starts first with finding a Maine community.

The location of  where you decide to live in Maine is everything. You know the three "L" real estate house hunting in maine 3chant about what's the most important thing to remember. Picking the best location for this point in your life requires home work.

Because Maine is one tall and wide expansive state to navigate even with GPS or a compass to avoid getting lost house hunting.

So to avoid running in circles and losing your bearings, one by one take the steps to select the right Maine community first. 

This must happen before the eenie meenie miney moe in house hunting from the current inventory selection for the entire state of Maine. Before getting too hot and heavy serious about a home, make sure you have fallen in love with the area first.

The purpose of this real estate blog post is to help outline the best steps house hunting in Maine to avoid getting lost.

I hope it is especially helpful for someone brand new to Maine. That visitor who never or just a couple of times actually stepped foot in Vacationland for a short fun visit. No significant time spent in Maine when you decide to move and relocate here. Kinda makes house hunting like shooting in the dark. Even native Mainers living full time in the Pine Tree state would be a little fuzzy if quizzed on specific areas in the sixteen counties. Maine is a hike to explore and you come for a day, end up staying a lifetime. Find an area of Maine to concentrate on first. Then one by one do the cake walk parade of what is for sale today in your price range and with the feature options you desire.

So on with the blog post show, house hunting in Maine, picking the location.

The areas you study, the one that works best considers many factors. The cost of the house you track and hunt for varies greatly in Maine real estate markets. The long and short of it? Expect to dig deeper, pay more for housing in and around Maine's handful of cities.The cost of housing gets cheaper the further you go up into Maine away from the green bridge on the southern end.

Like anything you purchase, you consider the pros and cons before removing your hand from the chess piece and committing  to the major move. How far the location is from quality community health care, shopping, work if not retired, schools is looked at. So is the lifestyle hobbies you enjoy and that the area of Maine encourages easily and inexpensively.

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Mortgage Loans To Buy A Home In Maine

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Mortgage loans to buy a home in Maine.

What types of home buying financing options are out there today to consider? Well for starters, always check with your local Maine mortgage lenders for the best service, lowest rates. To get  advice you can trust. Local bank mortgage financing outlets remove the disconnect. The expensive time delay that out of your real estate market area home loan mortgage providers deliver. Remember, if financing is too slow, if the closing keeps getting pushed ahead, sellers can pull the plug. Decide to not extend the home buying contract agreement.mortgage loans buying home

Let's face it, just talking all the initials jargon and hearing the bank mortgage financing lingo can make your eyes gloss over.

All you know is you want the best interest rate, the lowest closing costs and to have someone study your situation to pick the loan program.

To come up with the best home loan mortgage solution. This blog post outlines quick and easy the types of mortgage loans out there today for buying a home in Maine.

Mortgage loans to buy a home in Maine come in a variety of flavors.

You have your low down, no down payment options. Without a 20% down payment expect to pay for private mortgage insurance buying a Maine home. Maybe an adjustable rate home loan works best in your present situation. Or that local mortgage lender points you in the direction of a fixed rate loan. Regardless, remember to stop renting, start owning and don''t wait for interest rates to become more attractive.

Time is money, and what ever loan option you decide on remember. Your landlord would rather you kept renting than venture bravely out into home ownership. You can always refinance, make an extra house payment and maybe you won't even be in this same home in say five years time. 

Mortgage loans to buy a home in Maine, what are the kinds to consider.

If you are now or were a veteran and served Uncle Sam honorably, take advantage of anything offered in your GI bill benefits. VA loans have many advantages. Veterans buying a home in Maine will find fees others have to pay are not required for the GI.

More on VA home loans.

FHA is another mortgage financing option to buy a Maine home. To know the best lending program to fit your needs best, you have to also consider the home you are buying. The handyman special,  Mr Fix It home you the buyer plan to take your time overhauling. The mortgage underwriting department at your bank lender for a picky loan program may have other ideas. Wanting you to fix this long list of items outlined by the home loan property appraiser before the closing in three weeks. Don't assume the home seller will pick up the tab or to apply  the hammer to in the areas to make the changes the bank loan officer expects. 

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12 Real Estate Myths

real-estate-myths

12 real estate myths.

Real estate myths, the kind agents, brokers, REALTORS fight and slay like dragons one by one. How they happen and why they keep circulating. A dozen real estate myths that can impact a sale negatively. How they start, why buyers and sellers of homes and even agents keep them going strong. 12 real estate myths

This blog post is a short read, will list the real estate myths I experience and why in my local property sale market.

Real estate myths. For starters, you, I, everyone likes a good story right?

Not the kind to put someone to sleep like you use on the kids.

But yarn spinning ones sprinkled with not too much fact, the truth stretched a tad for lots of reasons. All seasoned with a little humor. And please and thank you, make it short, sweet, highly entertaining. To go down easy and sound reasonable. Craft it like a good joke worth repeating. 

(Rustling crushed ball of paper being unfolded slowly sound)

On the scribbled blog post list outline, the number one for real estate myths. "Put the price high to end up selling for more" thinking.

Just the opposite happens with that kind of flawed approach to how to price your home for sale. Over priced homes develop ten foot pole marks on their exteriors. Get avoided and lonely because buyers and eventually agents too neglect them. The longer the houses are on the market, the more buyersavoid them and consider them dogs. That's no real estate myth, we hear the reaction from clients practically daily.

Over priced properties help sell other reasonably stickered real estate listings. Makes them look like even better deals in comparison to listings with the sky high price treatment. Double, triple the value or let's build in $50,000 worth of wiggle room properties just don't ever get to closings. They clog the MLS like parked dead in their track cars in the middle of a very fast super highway. The reason overpriced properties don't sell is often off handedly blamed on "must be a poor real estate market". It's not the economy, it the wrong pricing pure and simple. Ignore fair market value and plan to stay in the home for years to come. That's no real estate myth.

Other reasons real estate listings do not sell.  (PSSSSsst. Making a low ball offer works the same way.. very poorly. The seller does not take you serious or is insulted or figures you are a piker. Can't afford a home priced in his bracket on the MLS merry go round of available listings.)

There must be something wrong the home buyer thinks because why is this place still on the market?

Looks okay from the photos, out on the street driving by. Often the only thing "wrong" is the price. All by itself the one factor keeping the home for sale parked way too high up in another MLS property price bracket. It's the price.

The folks searching for where it should be priced don't see it showing up on their devices. The people in the higher price brackets expect more features that it does not have. It's like the Sesame Street song about one of these things does not belong here, is not like the rest.

I blame real estate agents not just the seller myth that they alone are to blame for bloated pricing.

Can you say hanging around too long and developing shelf life with too many DOM (days on market) ? I knew you could. Real estate agents need to tell the truth on home values even if the red faced upset seller hollers "I'm not going to give it away". It does not matter how much the owner has poured into the sticks and bricks. Only so much is coming out according to current real estate home market values.

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Homes For Sale In Houlton Maine Under 100000

homes-for-sale-under-10000

Homes for sale in Houlton Maine under 100,000 dollars.

It's no hoax or cruel joke. Happens all day long. Check out and see for yourself what's available for current housing available in this price bracket. Affordable homes, plenty of selection is never a problem when you are house hunting in rural parts of Maine. Most of Maine is sparsely populated, pretty much spacious and not jammed in. We are a tad off the beaten path which makes it peaceful not expensive or crowded. homes for sale under 10000

Living in Maine when housing costs are lower, you find you don't need to be chomping at the bit for a pay raise.

Getting by on less and learning to take money right out of the equation is what simple living in Maine is all over. Is it like that where you live now?

What do you get in the price point of homes for sale in Houlton Maine under $100,000 ?

If you scan the sneak a peek link for this price bracket, you see garage, extra bath, fireplace, lots of land and get a place to call home that is not neglected, not a foreclosure property. The extra value in buying a home in Houlton definitely helps the relocating buyer moving to Maine after a recent house sale out of state. Heading to Maine is definitely the right direction to point the car you drive or horse you ride. The out of state home buyer considering small town simple living in Houlton Maine gets more bang for their buck.

Even living in Maine, the housing market values can swing wildly.

The listing prices go up the closer to people you get. Maine only has a handful of cities and is predominantly small rural locations. In the country locations, the price for a home does not spike way up or hang on, down low.

The same home for sale in Houlton Maine for around the $70,000 price point costs in access of $200,000 for apples to apples housing. The land under the home adds considerable costs for the buyer. The larger lot sizes are more precious unless you head further out into the bedroom communities for a Maine city.

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Homes For Sale In Maine With Land | Maine Land Listings

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Homes for sale in Maine with land.

Maine land listings. One of the largest tapped flavors of real estate listings people in the local Houlton Maine area and from out of state search. How much Maine land to go with the homes for sale depends on the lifestyle choice. If all the home buyer wants some extra land surrounding their house, it may be for a little added privacy. To raise that big vegetable or flower garden. To  build an added shop for restoring furniture, an old boat or antique cars.

Tinkering and having a hobby is so important to the newly retired. Who goes from forty hours or more a week to zip. Oh sure, the first thirty days are a wonderful experience but then boredom knocks on the door. I hear it often. I need a project to keep me busy and occupied when I retire and move to Maine. Those folks buy an old New England farmstead that may need repairs. But the buyer has the time and DIY skills to tackle those updates and renovations head on. hamilton int13

Some Maine real estate buyers are after acreage to wrap around their home.

Or just hankering vacant Maine land. Because the intention is to build now something brand new. Or they purchase the land with the thought of someday, down the road slowly putting up a structure or two on the property.

How much extra Maine land acreage house or no home depends on their budget.

You can be land poor and overloaded with so much acreage that it becomes a property tax burden.

Unless you rent out the fields or farm them yourself is the plan to make money playing in the fertile dirt.

When you live out of state in a populated, expensive area having lots of land around your home does not come cheap.

In Maine, big surprise ... come and get it (dinner bell triangle ding ding ding) low cost land.

Served up hot and ready and even cheaper and super sized larger acreages too the further north east and west you push up into the state. A home for sale in Maine with land becomes so so much easier to make your own. Less expensive prices, not so many people, no traffic, and little crime happens too. Those bonus features and the four season beauty of Maine's outdoor simple living  helps the real estate listings sell themselves. Because it is not like this many other places. And the price tags hanging off the Maine land acreages are impressive. 

Our job as a Maine real estate broker for forty years has evolved from less of a salesman to more of a good listener taking very detailed notes.

To glean what the real estate buyer on the other end of the phone call, the email request or the office visitor is saying. Those buyers if you provide them the time will tell you what they like or don''t enjoy about their present and past homes.

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Selling Your Home, What Makes It Worth More For Resale ?

what-makes-home-worth-more

Selling your home and wondering how to make it worth more for resale?

selling your homeEvery real estate market behaves differently.

What expenditures yield the biggest return bang for your buck varies depending on the community.

But we can all agree on one thing selling your home in Maine?

Everyone wants to know what helps or hurts a home sale so they don't waste time or money.

This blog posts drills down into the topic of how to make your home worth more, to sell for a higher price in shorter time.

In a small rural real estate market like most of Maine is, it is always easy does it making home selling adjustments.

Because assuming you have the funds to update the house for sale, what you funnel into a place does not automatically show up dollar for dollar and then some in the closing check proceeds. The more money you pour into a place could be in the wrong areas for return. Or there is a point where no matter how much extra cash you stash into the home for sale, it is wasted. Gone for good and down the drain without added any horsepower to the home's resale value.

Lots of other homes for sale just like yours?

If you are the property owner selling a home in Maine, make sure to not over price it. The longer the place lingers on the market, like food, it goes bad. Real estate mold from hanging around hurts the value more than anything you will ever do to update a home. Make the home under the cross hairs clean as a whistle. Stage it for no clutter. Make it known across the land this one includes a quick occupancy.

Look at the home for sale from all four sides with a critcal eye and a clipboard.

Fill the driveway potholes and mow that grass to bring them in from the curb. But price is right. Nothing to stress more times to make it loud and clear that a realistic price is the cornerstone of a successful and profitable home sale. Nothing works better than bolting on an attractive price to cause a quicker, smoother real estate closing experience. Unless you want the house sale to take years to happen. Is the price tag figure inline with the current housing real estate market inventory? 

Too many projects started and all those loose ends for a home buyer in Maine to absorb during the house tour.

The torn or missing faded flooring when you step into the entry. The missing shutter or broken window. Damage from pets using door trim for a scratching post. Smells where your buyer shifts over to breathing with an open mouth rather than through their nose. Those factors do hurt the sale. But the long list every home owner has tucked away inside their head that they dream someday about doing to the sticks and bricks. Time to scrap that to do list check out and complete any repairs already started just never completed.

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