English French German Italian Portuguese Russian Spanish

Mooers Realty Blog

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

What Scares Real Estate Agents And Brokers That Buyers And Sellers Say.

What Scares Real Estate Agents And Brokers That Buyers And Sellers Say.

Real estate is a business of dealing with properties and the people that own or want to to buy one.

And in the course of conversations, emails and texts messages certain responses to questions can scare a real estate agent or broker. The longer a real estate professional is in business there are just some comments made by buyers and sellers that are bright red flags. That make an agent or broker tighten up because of past experiences. mainephotoslider98

The last thing a buyer wants to say to an agent or broker is "I've been looking for property for seventeen years."

A buyer made that comment this week and I asked him why has it taken so long to find the right property and make the purchase? He said he had dealt with dozens of real estate agents and had a shopping bag of correspondence about properties he was sent over the years. 

He went on to say he was retired, all alone, had all the time in the World to look at property and would like to spend a week or more touring the area.His price range was low, the expectation too high for the budget. And he blamed the agents for coming up short finding him what he expected in the buy low, sell high approach to investing.

Considering more than one property listing is standard, but to filter down the list of possible best fits means some information has to be exchanged.

To weed out the ones they list as wanting to see that have negative features they specifically spelled out they did not want in whatever they purchase. 

The buyer has to let me help them develop a must have, don't want list if they don't have one. A price range always factors in because money is always an object, there is a limit to the budget to buy property in Maine. So to avoid wasting time for everyone, it is important to ask questions and from the answers help develop the best course of action in what to see, what to avoid in the real estate property listing match making. 

Continue reading
120 Hits

The Property Taxes On My Maine Real Estate | Assessed Value, The Exemptions On Yearly Tax Bills.

The Property Taxes On My Maine Real Estate | Assessed Value, The Exemptions On Yearly Tax Bills.

Property taxes on the real estate you own or just bought in Maine.

If there is anything universally agreed upon among people, it's the desire to avoid paying any more property taxes than absolutely necessary. Out of state buyers looking for Maine real estate listings especially are even more sensitive to property tax levels. Because the desire to move, the relocation to Maine was caused by not being able to afford the property taxes where they lived outside Vacationland. The lack of crime, plenty of open space,clean water, the low prices hanging off the Maine real estate listings do not hurt either  in making the Pine Tree State look pretty darn attractive. mainecanoeing

No matter where you live, property taxes need to be raised and maintained to fill the pot holes, educate the kids, to keep the town infrastructure purring along nicely.

Some Maine towns or plantations are more fiscally responsible than others. A portion of the real estate property inventory MOOERS REALTY lists and sells are located in unorganized territory townships and plantations in Maine. 
What happens when a real estate buyer makes property taxes the end all in home and or land selection? Often they get a slightly lower yearly real estate tax bill but if they are 50 miles from a town or city conveniences, gas and car wear and tear quickly eat up any real savings.
 
The lack of a fire department full time or one even volunteer can drive the property insurance premiums up too.
 
So don't be penny wise and pound foolish. We paddle hard to manage our bills and income to come out on top in rural Maine. But close to home makes it consider the price paid for being out in the boonies too far from any sizeable population when considering which is the best property purchase.
Also, who is the power utility for the property you are considering buying? It makes a big difference if you hook up to juice with a utility that has the most miles of lines but the fewest number of consumers. There is an economy of scale to consider. Maybe you are thinking about going off grid and don't plan to catch a monthly power bill in your mail box.
Continue reading
138 Hits

You Own A Home, You Need To Sell, What's On The List For A Quicker SOLD?

You Own A Home, You Need To Sell, What's On The List For A Quicker SOLD?

The Maine home you decide you want to sell.

Cleaning up, swamping out your current the home you want to sell is the second step. The first and most important one is pricing the property inline with the market. If you ignore current real estate market value, all the detailing, staging and removing clutter is a waste of time. The home you need to sell swims in a market of other listings that are competing for the same home buyers too.29 south townline aerial

 This real estate blog post is designed to show you how to get that home sold. With the steps in the order to achieve a quicker, more profitable and less hassle real estate sale.

 
The current market value has been determined, the list of what loose ends to tweak have  been put on paper for the check off one by one. Fixing up the house, landscaping the yard and thinking about the curb appeal may not be something the average home owner worries about until it is time to upgrade or relocate or downsize.
 
Calculating the home's worth is done by comparing what else is on the current market like your home for sale combined with  study of past listing real estate sales. Cleaning up the home is not the same as staging it for resale either. New fresh paint, removal of over grown or dying shrubs, trimmed weed free lawns, clean windows all combined to make a more favorable first impression to a new home buyer. Bad smells hurt the sale too and the home owner could be nose blind to them. Said with all due respect.
 
In a resale of a home in a small rural real estate Maine market, hitting the high points of what needs attention around the property is the key. Make it better than it was and don't put all the time of labor and expenses in just one or two areas. Spread the time and attention around the property so the tour of the place to a potential real estate buyer will not stall.

 There is nothing more frustrating than having a Maine hme buyer ooh and ahh about the kitchen and then moan "whoa".

Go silent. When they are disappointed as they enter another room that is crying out for attention but that has been neglected. Often because time ran out or the money to fund  the continued housing projects is missing. Easy does it on repair expenses and is the expenditure really an improvement or just something the present home owner always planned to do? I have had home sellers in Maine bent on doing three more things to a house that will not help the sale. But because they always wanted to perform them, they do for the next home buyer who might have liked the color scheme you had before Mr. and Mrs Seller.
Continue reading
185 Hits

Local Bank Lenders Work Best In Small Rural Maine Real Estate Markets.

Local Bank Lenders Work Best In Small Rural Maine Real Estate Markets.

The buyer for a property listing needs a real estate home loan.

Where to get the mortgage for financing the house for sale when cash is not an option. Or owner financing is not possible. Because the seller needs to pay off a mortgage and to replace the house with a new home address in another neighborhood somewhere else. mainerock1

Nationally there is a shortage of real estate property appraisers.

My Dad was one of the first crop of Maine residential real estate appraisers when licensing for valuations was needed. Prior to that the licensed Maine real estate broker could issue valuations. Appraising a property, valuation was one of the three components of licensure when I took my broker's exam in 1979.

Real estate practices and law were the other two components to getting, passing an agent or broker's license test to hang on the wall of an agency. Valuation was the toughest teacher, Ted Sherwood from Bangor drove home the point and made sure you knew the fine points of valuation for which I thank him. Dana Devoe was the law instructor, Earl Black the practices teacher who I still see at state REALTOR conventions each fall. 

Maine small town bankers prior to appraisers being brought on board could visit the property and size it up for condition and value for the collateral securing a mortgage loan. The home town mortgage lender made character loans too with local control and based on past experiences with the borrower or from family dealings in the small Maine town. Maine only has a handful of cities and small town communities is the norm in Vacationland. 

So back to the blog post title that kept your reading this far.

Local real estate bank home loans, protecting rural small towns in Maine. In my area of northern Maine the shortage of appraisers for the work load is felt in our local markets. One appraisal firm out of Washburn Maine recently announced they were pulling back their horns and not servicing southern Aroostook County any longer. So the tightness for appraisers to do the mortgage loan underwriting inspections and valuations just increase a few clicks on the rachet tension. 

So my advice to a home buyer looking for a home loan in Maine's small rural real estate markets is to keep it local.

Use those banks with processing centers in Maine. With local outlets for lending from institutions that have banks, credit unions in the small Maine town or in one of the sixteen counties of the Pine Tree State. Why? Lots of reasons. First and foremost is the service you you receive and the time that is not wasted waiting for the clear to close real estate memo. 

Continue reading
182 Hits

Get More Real Estate For The Dollar In Small Rural Maine Markets.

Get More Real Estate For The Dollar In Small Rural Maine Markets.

The price tags hanging off the properties, the real estate in Maine are not all the same size.

 
If you point your car or slide your mouse north, up into the interior of Maine, prices shed pounds. Become skinny, lean and mean. Because the coastal tourist traps, the few cities Maine has to brag about carry hefty prices when it comes time to seriously consider buying a property. The cost of living is lower in rural areas of Maine. Has to be because the local pay scale is lower to the ground to match it.Drews Lake Beavers Photo
 

The shift from doing it yourself instead of hiring it out is part of moving to rural Maine transition.

 
To me it improves your life, creates more respect for personal property of your own and others. Because hard work, careful planning and an easy does it attitude is your approach to life. Like the community living, you are more intimate, more connected to the surroundings, to your property where pride is high. Because you are more invested. More on simple living in Maine and being better prepared for whatever is ahead.
Continue reading
187 Hits
Videos For Maine Real Estate For Sale