Own Maine Real Estate Blog

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The Rent With Option To Buy Maine Home Buyer, What Can Go Wrong.

The calls, emails, texts come in and the question "got any rent to own, option to buy Maine homes available?"

The discussion moves on to a home for sale in Maine that we have listed and whether the property owner would consider a rent to own arrangement. kids parents boat harbor in maine photos

We have blogged posted about renting vs owning, rental homes in Maine before.

But this post delves into the beyond a month to month tenant at will that is free to come and go with usually a 30 day's notice. And the Maine home owner can give the same amount of notice to say see you later alligator.

Which works well when a listed home in Maine goes under contract to sell.

And the new buyer with his finger's crossed hoping for the key's please is planning on moving in the day of the bank closing.

We see lots of owner financing with Maine land purchases. Have set those seller carried installment sales up on property acreage in Maine for decades now.

With no pre-payment penalty and short term, five years or less generally and smaller purchase prices, not such a large nut to carry monthly mortgage payment.

But buying a home in Maine, and what happens when the purchaser can not get a mortgage loan. It means gotta wait, rent and save up or repair that damaged credit score, debt ratios and whatever is stuck to your financial report for burdocks.

That keep your buyer of a Maine home wannabe from pulling it off. Home sweet home happily ever after.

Or unless they can find a loved one related or not to put the property in their name because they have good enough credit to make the bank go thumbs up. Approved the loan and make everyone happen at a real estate closing.

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Off The Top Of Your Head, Just A Ball Park.

The real estate in Maine seller is asking for a ball park listing valuation over the phone.

Right now. Without the agent, broker, REALTOR seeing the property or what is happening aorund it that affects the listing value in today's market. The question comes up about just give me a ball park, won't hold you to it and right here and now, what's the sticks and bricks worth? Quick like a bunny like we tell the kid's when the Sand Man is waiting.MooersRealtySearch

Over the years the gut feeling and real estate instincts can kick in when pressed but seeing what we are selling, marketing means hold it.

Tour the property listing and look at what is happening across the street. Crank your head up and study those high tension power wires in the backyard. The car up on jacks. And consider the motivation, the time frame of the property owner's expectations. Lots goes into this real estate appraisal process warns Yoda.

When the other end of a real estate phone call or email starts to fill in the blanks, the hand goes up. Gonna take more than just a few responses to some rushed questions over the tin can and string. In the spur of the moment with a hurried email with just a line or two. Hitting send in a split second dash hurry hurry. And expecting ding ding ding, survey says (blank) to get the answer they want drive through quick.

Like people, every property is different due to the fix based location it is parked and the condition and supply and demand of how it plugs into the current real estate market.

Like a diamond, a precious gem stone what's it worth means gotta eye ball the place under the magnifying glass, like using the jeweler's loupe for a complete examination. Turn your head and cough.

Used to eyeball the up and down, sideways and the what's around the property listing story. Being toyed with listing a place means answers to hard questions. Lots of them. Taking very good notes during the asking questions.

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The Tone Of The Real Estate Blog Post, Conversation.

The tone of any conversation, whether a real estate blog post or a chit chat at a local diner.

Shooting the breeze about Maine weather. It can be free and easy, helpful. Even humorous but should be anything but tedious, tense.

Or to make the other end of the conversation receive bad vibes and to come away somehow feeling responsible. For being so dumb or thinking, saying something reacted to as so down right silly. small maine town photo

Real estate is the largest investment buyers and sellers make in their life time.

That is something everyone in the room would agree with right?

And buyers, sellers of real estate property listings don't find themselves in the transfer of a home, land, waterfront, farm or business offering all that often in life.

So there is a learning curve to real estate. And the professional guiding the buyer and seller is the one to set the pace. From what they have learned. Because they do this day in and out.

Spell out the expectations, address issues in the each unique real estate list and sell situation.

Without being snarky or with a layered, lathered on sharp edge tone of criticism or sarcasm. Or being so tight lipped or smug so it leaves everyone guessing, hanging, wondering.

Like the phrase you wait until your father comes home but this time you did not do anything wrong or deserve the man to man talk at the end of the day.

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Selling Real Estate, Handling Home Sellers With Our Bare Hands.

What goes into selling a home, how we handle and guide a real estate listing property owner in Maine?

Lots of behind the scenes counseling. Listening, explaining, navigating is a big component in the process of selling a home in Maine or any other type of property listing.sunset canoe in maine photo

The real estate seller is human, has a lot riding on this what it takes for a home sale.

How fast it happens, how well it goes and the results financially all combine for the next step in his or her life. The family is a big part of the process of buying or selling real estate in Maine. Making decisions that affect them is a huge responsibility.

So it all starts with a walk through with the Maine home seller and complete analysis of what is for sale. Study of the good, the bad, the ugly. Let's sit down at the kitchen table or talk on the open deck about what I think should be the approach to this particular Maine home sale.No two home sales tackled, wrestled with the same way.

All combined with a healthy two way conversation. Listening to the seller's situation, what the home owner is holding for cards to make the best use of in the real estate sale. What is their dream for the best case scenario to shoot for in the home sale should not be kept a secret.

If the Maine home is a little tired in some areas, what to do and to what degree comes into the property sale discussion.

What the seller thought would help sell the place could be far from the truth. Because other areas neglected come into the picture that are bigger issues. Can cause a delay or no home sale at all to happen. That is not the happy ending I want to see occur at "The End".

The specific custom made strategy for the home seller is hammered out, talked over and put into action. Unless the seller decides the price is too low and emotions rise with the comment "I am not going to give the place away".

Or "I don't have to sell". Over priced properties start with real estate agents or brokers taking them. Placing them out there on the market to bog it down. Like stalled vehicles to negotiate around on fast lanes of a super highway.

Giving the property owner the impression that the real estate listing has a snowball's chance of you know where of selling. 

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How House Sellers Hurt A Maine Home For Sale Process.

The decision to sell a Maine home, it has been made and now what?

Rely on the real estate professional to guide the process and spell out the procedure  steps one by one. What happens and why. What to expect and when. Otherwise trying to figure all that out on your own Mr Home seller is going to be a very costly in time and dollars mistake. ice fishing in maine photo

Often you know enough about something to be dangerous but because it is not your job day in and out.

Like most things in life, more complicated than it appears happens.

Or go unnoticed until you realize why they are so important in a Maine home sale.

So what a real estate Maine home seller thinks will help a sale can actually work to hurt it.

Because behind the scenes there is a procedure to follow and for good reason. Custom made for the particular Maine home sale where no two are quite exactly the same. There is a lot going on in any Maine home for sale list, market sale. And ever changing along the way from listing to closing.

Read more on things, what can go wrong in listing, selling a Maine home, real estate.

And more on what buyers of Maine real estate do that can trip up the journey to the property listing closing. Five mistakes Maine home buyers make that can be avoided with lots of disccusion, plenty of communication back and forth.

It helps to make believe the home in Maine for sale is your very own as the agent, broker, REALTOR..

Understanding the projects on your own place, the housing dreams you want to see completed are quite similiar to the ones the new Maine home seller does too.

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