Own Maine Real Estate Blog

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Ten Questions To Ask Your Property Buyer (And Ten More Buyers Need To Ask Their Real Estate Agent.)

Questions asked early provide answers, the valuable real estate information. To determine the right direction to head in the most expensive life time move most people ever make.

Communication back and forth, going both ways is a beautiful thing in a real estate property transaction. Upfront, during, leading into the closing on a listing for sale that is "the one".judges in maine photo

Every real estate agent, broker, REALTOR should ask buyers and sellers a list of critical questions.

Like a doctor or lawyer to diagnose the problem, recommend a solution and to set realistic expectations to follow. 

And if there is strong opposition, backing away. Because you can not help those that don't want to take the advice after weighing the pros and cons of each slightly different real estate situation.

The early little talk at the listing kitchen table after the walk through or in the real estate office or during a showing provides a glimpse at the likely outcome from everyone's efforts. 

To determine the actual odds good or bad from experience of the real estate professional checking their gut feeling, the heart and the head for the job at hand.

Sizing up a particular buyer or seller and study of  their role in the script. And likely outcome of ever getting close to a successful real estate transfer sit down around the long conference room table.

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The Worst Advice We've Ever Heard About Maine Real Estate

Bad real estate buying, selling advice, where does it come from and would winging it work better than being steered down the wrong path?

When talking real estate, a property that is the biggest asset most folks ever wrestle with to buy or sell. Or just pay off because of the cost to pull off the purchase and juggle all the other monthly household bills. ice fishing in maine photo

The worst advice I have run into with real estate when we list a property that expired from another agent.

One home with a sizable chunk of land surrounding it was a pretty place.

Large square footage home and over sized garage.

The couple had no kids and poured the money that usually goes into rearing them into the sticks and bricks instead. No thought of resale but strictly home enjoyment ruled the day.

But the pair decided let's sell the home here in Maine and pick one up in sunny Florida. Change of plans, the shifting gears of life put into play. Thinking something this nice for a property listing for sale should not sit on the local Houlton Maine real estate market for long.

Wrong.

The real estate agent that took the property listing made the first cardinal mistake. Not telling them the real value based on a sneak peek at the comparable house sales like it. Over priced properties don't sell, ignore the current market value.

With the gander at what is on the market competing for buyers for homes and land pretty similar to this one on the real estate chopping block. Added in with all the other motivating factors that lead up to the let's list our Houlton Maine home.houlton maine downtown photo

So over priced, giving the house and in Maine a listing price in the nose bleed section of the MLS property bleachers. (Loud buzzer)

Strike one.

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The Penalty For Taking A Maine Woodlot Out Of Tree Growth Plan.

The Penalty For Taking A Maine Woodlot Out Of Tree Growth Plan.

 

The penalty for early removal of land in Maine from the tree growth property tax and management program?

What do you have for a property tax reduction by being in tree growth and what happens if the plug gets pulled before the ten year plan runs out? For starters, education on the tree growth program in Maine is needed. mt katahdin maine mountain photo

The tree growth program in Maine was created in 1972.

To protect a resource.

Yes individual land owners in Maine have property rights for their own use and enjoyment.

And the premise is not that you have to harvest woods in the ten years while the tree growth plan is underway. But just that eventually there is going to be a harvest of the Maine land.

Because of ice storms, spruce budworm, something affecting the unprotected Maine woodlot. Blow downs, dead and and dying trees with decay from insects or wildlife activity will peck away at the Maine woodlot that is neglected.

And suffering in health because no tree growth plan for growth and vitality is in place.

And for financial reasons to help pay the property taxes, other expenses too. To simply make a living in Maine and carve out an existence.

Tree growth plans.

To help guide the forested track acreage into a future harvest with thinning, pruning for recreational beauty too. Environmental protection safeguards put into place on paper first with a pledge, a realistic dream. Not just all ahout money jingling in the pocket from a harvest cutting operation on the Maine woodlot.

Sawlogs, pulpwood, chips, firewood are all wood products. The tree growth program assures the wooded land is protected, healthy stands maintained and thought is put into the care and direction the Maine woodlot is headed in the days, months, years ahead.

Over cutting, clear cuts and no rules before 1972 meant a Maine land owner was on his own with his Jonsered, Husqvarna chain saw and the skidder choker twitch cable heading to the wood yard clearing.

It was his land to do whatever he thought best. Unless polluting a nearby stream, river or Maine lake. Or if interferring with the enjoyment a neighboring land owner was able to have with their next door property.

The biggest penalty we see triggered in our job of listing and selling Maine woodlots, is land removed for a building spot. To put up a camp or cabin. One listing we are getting ready to sell that had more than one building spot designated on the paperwork. Shown on a map of the woodlot getting ready to be put on the market.

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Real EstateTerminology | We Speak The REALTOR Language.

Real estate terminology, what the words used in listing, selling, lending and legal circles and beyond really mean.

It's like heading to a foreign country. When terms that sound Latin, Greek, Klingon and so many are not words at all but a strange combination of letters.

Abbreviations of longer real estate words, term phrasiology to confuse.

Because it is not everyday that you and I personal buy or sell our own real estate. For approaching thirty six years, we have learned much in the real estate trenches. And like a library of real estate terms, the expressions need a glossary. That matches the local area where they apply. lake mist photo

Knowing that no two real estate markets operate the same, it is logical that the terms used in one don't apply in another.

Because real estate is a big arena.

Lots of bleacher sections. And areas within areas as you expand. From just the real estate terms that apply to listings, those to the sales process.

Even more describing the properties themselves. And then all the lingo when you enter a bank mortgage lender lobby. Or sit down around a conference room table at a real estate closing. Led by a person with esquire tacked on after their birth name.

So already you have been learning real estate.

Because we used the terms property, listing, closing and because we eat, breathe, operate in those real estate circles, it is hard to remember sometimes we are losing others in the discussion.

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Getting Divorced, Buying Or Selling Your Real Estate In Maine.

For better or worse, you find yourself in a divorce and need to buy or sell your real estate in Maine.

Maybe the divorce is a good thing in the long run but housing for the kids, yourself. So no one has to sleep in their car, couch surf. Or make too many transitions.

To maintain a sense of home if the one you are in is not the one you will be getting your mail from here on out. maine rafting photo

Divorce is crazy whether moving out of the family home happens or not.

But most of us are at some time in our life today the statistics show.

The fine line between love and hate and just overall feeling of despair.

Sadness, a sense of failure and where do we go now that life plans tilted sideways. It lingers in the air and we hear, see, sense it as we list to sell a property. And when put to work to find a new set of rooms, roof and floor, backyard for the new real estate in Maine property listing buyer. 

The stakes are high in divorce. Because kids are involved, the mixed loyalties back and forth. And sadly the kids, the extended family get brought into the fray in the not always so friendly cross fire. Working with your "co-parent".

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