Own Maine Real Estate Blog

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Investing In A Waterfront Property In Maine, Putting It To Work By Renting It Out.

The dream of owning and enjoying a waterfront property in Maine, how do you pull that off?

Putting the property on the lake, stream, ocean front, on a pond or river into the rental income pool. To carefully rent out what you buy and look forward to say retiring at some day. Second homes, vacation properties in Maine for sale are part of the mix that we help buyers put together.lakeview in maine vacation property photo

Often the real estate desire to buy starts out as a simple math exercise like many things in life.

How to crunch the numbers. Is the timing right as the buyer juggles college loans for the kids and brace payments for the teeth? To make what you shell out, to start the mortage on the waterfront property kick into gear nicely. For an eventual mortgage burning party. Or to leverage and do it again as the Steely Dan song reminds. Buy another waterfront property to rent out and make carry it's own weight with eagle eye guidance and attention.

But how to rent out the property on the water front in Maine? And to use a few Maine expressions, to not have it "stoved all to heck?" Ridden hard, put away wet and neglected.

To end up with something worth anything from the wear and tear. And the money and blood, sweat and tears poured into the place to keep it attractive enough to attract good tenants. The kind that return to their little place in Maine on the waterfront for a property destination that gets put into life re-runs of the happy campers.

What to provide the waterfront property in Maine renter who pays by the week or longer?

Real estate is emotional. The location on say a Maine lake provides the opportunity to kayak, fish from a boat, the end of a dock or through a hole drilled in the ice by a Jiffy ice auger. Or to access trails on the snow sled, the four wheeler ATV or hoofing it.

But drawing up a book with directions, maps, highlights of things to do for fun during your stay at the lake property in Maine. Wouldn't that be helpful as the local guide to what there is to do for fun during their stay at the rental property? Suggestions on what is available for recreational opportunities are most appreciated by a total stranger to these parts.

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How Long Is The Real Estate Property Listing Going To Take To Sell?

The hop on and off the Maine real estate market conveyor belt, why do some properties sell quicker than others?

Lots of reasons and first, foremost is how hot is the real estate listing pool water. How's the market for that type of real estate listing? Feast or famine, is there is surplus of just like it or an empty cookie jar competing for buyers?

The marketing of the property should play up the unique differences.maine property sun set photo

The features, the condition, the location, timing of a move that could happen quickly.

Like people, every property listing is unique in many ways.

That has to come through in the media stream.

So there is not a sea of sameness in thee copy, the images, video shoot ... everything put into the real estate razzle dazzle.

To attract the interest and build desire of the buyer who hopefully is ready to spring into action if they like what they see and hear.

It is not secret that a home without lots of clutter looks bigger, sells faster.

Pack it up and move it out Cowboy. Cause if property bloat happens.

Oh oh.

The thought of look at all the stuff this seller is going to have to move can make the buyer think ouch.

To develop an upset, queasy stomach. Too much to heave ho, makes it not jive with how quickly they need to relocate.

For them to consider themselves buying this place loaded to the gills and beyond with stuff, trash and treasure.

The other empty home that is ready to go and show and sell quickly suddenly moves up a knotch in the eenie meenie miney moe property listing selection.

Clean, no smells, not a lot or any loose ends translates into a small job jar. In the minds of the real estate home buyer who has to feather the nest to their liking and take care of the slack. Tightening up what has been let go and is loose, undone and needing the TLC attention.

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Multiple Offers, When More Than One Real Estate Buyer Happens.

How to handle multiple offers, more than one real estate buyer shows up, to court and spark with a property listing.

Sounds like a wonderful situation for the real estate seller.

If you were a buyer in the round robin, you might wish you were the only one. And hope to be the last one standing. With your offer to buy the one that is accepted by the property listing owner.flickrtemplate0

But multiple offer situations, they are like delicate surgery where time, communication and consistency in the treatment with respect is imperative.

To make each and every buyer in the multiple offer situation feel like they had a fair shake.

That the playing field was kept level, no hanky panky happened to leave a bad taste in the buyer who did not get their offer to purchase the real estate listing picked from the pack.

And don't burn bridges. That buyer that was runner up may be picked to wear the crown at the sit down, sign and pass the paper real estate closing.

So monitoring the multiple offer situation, we let the seller know at time of listing the property this can happen. To not get cocky and please don't think the property is under priced and that the sudden shortage of this type of real estate listing is part of it. Supply and demand is at play.

Real estate markets like the weather change.

And markets within the market happen in the layers of real estate we list, market, sell (repeat). Like playing Fish. Sometimes there is a shortage of just the right kind of property that is no where to be found on the MLS round and round merry go round.

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Is The Real Estate Seller And Buyer Ready To Play?

Getting a property, a real estate listing to the sit down, sign the paperwork to close.

Not every property listing makes it all the way to the property closing for a variety of reasons. Two of the most important factors revolve around the seller being ready to sell when it comes right down to it.

And is the real estate buyer being in a position of ready, willing and able to pull the trigger today?loaded truck photo

Are we ready to buy and sell the property in Maine today? Money in hand or bank pre-qualified to make it happen?

That is the question before all the rest falls into place that can raise its ugly head to cause delay, derailment and all the rest of the stress associated with buying, selling a property listing.

People are involved and emotions can run high but despite the layers of players involved in the decision making, the motivation and ability to really buy or sell real estate is the end all.

Beyond the real estate seller is ready, the buyer has his snickers all laced up, both are chomping at the bit to giddy up and go, what else enters the picture?

Is the property priced to sell, realistic with the current market conditions? Is the marketing to find a buyer out in the wild blue yonder full throttle and far reaching?

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Trying To Track Down Runaway Real Estate Links, Like Herding Cats.

The seller of a property listing for sale in Maine happens to be surfing.

Wonders why the heck the price is wrong on this link from another broker when listed four years before. Or the acreage is wrong, the images not the right array on this link, and that one. What hapopened? Well, like tins cans blasted up into space to circuit the globe, those pieces of Internet "space junk" continue to circulate when their usefulness is gone.

And good luck when a seller says track down and suction the Internet to pull back in all those real estate insertions online.herotherealestatecat

You want as a real estate broker in Maine to have the most propagation. To radiate and detonate your marketing messages so they reach further online.

And have frequency to show up everywhere the surfer turns that hones in on the real estate marketing signal.

Purring smoothly.No feed back squelch or interference with drifting in and out confusion.

The purpose of advertising is to be found, to be remembered from the attention that leads to desire and ultimately action. You hope.

So cleaning up the Internet of earlier listings for sale usually means broadcast louder, stronger so those earlier attempts get pushed down, escorted to the back of the marketing bus.

And we all know anything on page ten, eleven, twelve instead of one or two is probably not going to see much light of day. Or glow on the device the buyer of real estate is holding to dial in your real estate marketing signal.

So like herding cats, the attempt to try and catch, retrieve and snuff out old links is futile. But as time goes on, as site change hosts and get revamped, the site maps more streamlines, those old extension on a real estate or any kind of Internet site will erode, decay, drop off with time, patience.

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