Own Maine Real Estate Blog

All the latest news and info

Maine Real Estate Market Reports

Maine Real Estate Market Reports

Maine real estate market reports can be as dry as a kid's popcorn balls found tucked away from Halloween trick or treating a few years back.

But that's if the market reports are rows of numbers and missing pie or bar graphs that tell you quickly what is going on in the many sections of a local real estate market. The ones you would find most interesting in feeling the pulse and reading the collected vital signs.real estate market report

Market reports for real estate that deal with the specific areas of Maine a buyer or selling is thinking about are the most important to them.

Because decisions made affect their pocket books, families and careers. When to move, when to stay put and hold 'em like a real life Poker game. The stakes are high when your family is involved in the move.

And if the reader of a blog post or listening to the media real estate market report is just not interested at this time in buying or selling, the current property listing stats get skipped over completely. Or forgotten beyond the catchy media headline or sound bite. Because at this moment in time they are not a seller or buyer with a listing or sale in the wind and are busy concerned about other pressing matters in life.

But real estate market reports for Maine that do examine the current conditions are a highly valuable economic tool to a seller on the fence and thinking about the best time to slide off and list their property.

Or for a property buyer that kicks it into high gear to purchase now because some factor like rising interest rates or a shrinking supply of the real estate listings he can afford is influx. Waiting could mean less value for the buck in the real estate exchange.

Like travel when the weather can be fickle, there is a best time to hop in or out of the real estate market. Or stay parked and continue to study the current real estate market like a doctor and nurse do the vitals on the patient in the bed hooked up to all the glowing numbers, beeping monitors.

Continue reading
505 Hits

The Questions Home Buyers Ask Real Estate Agents And Brokers.

The Questions Home Buyers Ask Real Estate Agents And Brokers.

Questions on the property listing, what can you tell me about the home for sale makes for a long list to answer.

What would interest one person might not another but condition, the shape of the home for sale is important. To please a bank financing the loan on it. And for the buyer who thinks of the size of the job jar, how many of them are filled to the brim and that he is agreeing on tackling if this is the home he buys.(Gulp).flickrtemplate-maine-photos

How real estate property listings improve a home buyer's life depends on a number of factors too.

Everyone of us has hot spots of what he wants, does not seek in homes, partners, any provision of goods, services, life experiences.

What enthuses one in life bores the heck out of someone else. Variety is the spice of life, and real estate property searches too reflect this versatility in listing needs. As they gather round the real estate agent or broker and start firing the questions. The question list is longer if the presentation is skimpy and lacks information, much in the way of imagery, plat maps, floor plans or video to feed them the property details at their preferred pace, on their time frame that is usually after hours. 

Real estate buying is emotional, there is lots of dreaming attached to the property search. For just the right piece of real estate to reach out, pull off the current MLS carousel going round and round the buyer on the hunt for something to purchase.

To fit a need, to improve a nesting size and location problem. Too big, too small or just right is a moving target with real estate buyers who have life changes. Caused by health, disease, divorce, or affluence and the ability to buy more, get more from their housing dollar.

So the real estate lifestyle search filtering routine is part of how the wheels turn in the head of the listing buyer grind. The home buyer that is ready, willing and able or plans to be to make the purchase if they like from what they find online or in person during the one by one property tours.

Continue reading
433 Hits

Registry of Deeds In Maine, Sixteen Counties To Land Title Search.

Registry of Deeds In Maine, Sixteen Counties To Land Title Search.

Registry of deeds in Maine, Vacationland is a big state that has sixteen counties for land title searching and recording.

Of all the legal instruments involved when a property is conveyed to another real estate owner. To keep track of who owns what in the chain of title so a real estate abstractor or you and I can know who is the record owner today. Or twenty, forty years ago, whenever time in history is picked for revealing the true, absolute owner in the search of land titles to the real estate under the microscope. houltonmaine registry of deeds photo

Maine is a race notice state which means if you get a property title deed to the real estate, you have one important life and death serious matter to address.

You better find your way to the local registry of deeds.

Don't tuck it away in a top drawer or slide it into a book high up in a little used cabinet and forget to get it recorded.

The deed could burn in a fire, get lost and misplaced in the shuffle when you take your last breath. The lungs stop and your estate is broken up in the dispersement of your real and personal property.

Get that deed to the real estate registry for copying, for the micro filming to store elsewhere. For the all important putting the new title in your name on record at the local registry of deeds pronto. Because if it is not on record, showing up in a forty year title search or longer for the World to know that you are rightful property owner, it's a big sigh and "rut rho Mister Man" sputtered.

Without a recorded, witnessed and notarized legal deed of conveyance placed on record, well now Chummy, nothing keeps the seller from finding another real estate buyer.

Taking his money and granting the same deed description, location and acreage you thought you had purchased. Selling it again to another eager real estate buyer who simply trots up the registry of deed's steep granite court house steps. With the second duplicate deed in hand to pay the fee for so much a first page, second or how many trees killed to make the paper to hammer out the documentation. To show the local property tax people who get a copy who to send notices to each year. The seller, the buyer, the legal description to the real estate along with the transfer tax formsthat accompanies it to record the real estate title to the land in Maine. This is serious stuff when talking the biggest value asset most of us ever possess.

First come, first serve is how the scales of blind folded lady justice law courts view who is really the true owner of the property in Maine now. And if a property is divided up without a legal survey that was done all day long before the slower, expensive splitting up land subdivision process became law in the early 1970's, what if too much pie was sliced and diced?

Continue reading
594 Hits

Maine Town Spotlight | Hodgdon ME - Aroostook County

Maine Town Spotlight | Hodgdon ME - Aroostook County

Hodgdon Maine is located in the collection of towns in Aroostook County.

Parked on the Canadian border and covering one six by six mile square township south of Houlton Maine. Bordered on the south by Cary Plantation, the west by Linneus Maine. Like other towns in the Southern Aroostook area, farming, logging timber helped put the school land grant on the map. Those two disciplines were what initially spurred settlers to load up the wagon and take the trip north into what was still part of Massachusetts until 1820.cowflies maine farm photo

Hodgdon Maine had 515 households the last US Census survey says. 1309 folks live in this bedroom community to Houlton Maine.

Hodgdon Maine  like Houlton and other towns in what was part of Washington County at the time had a fuzzy border line with our Canadian family and friends.

Loyalists to the King jumped back and forth of what they argued over, the real location of where the International border boundary line was or should look like, where it should be. It took many years for a concensus of opinions on the boundary line and so the railroad could set up shop in this region of the Northern Maine wilderness of woods, patches of fertile cleared fields and pasture land.

My mother was a Benn from a section of Hodgdon Maine called Benn Hill where a lot of Christmas trees come from thanks to local surveyor Fred Rooney who planted them as a side enterprise.

Major views generate from this elevation of Hodgdon but the real top shelf vista happens when you climb Westford Hill. Lots of picnics, a few outdoor music concerts with several local bands on flat bed truck trailers have created music on Westford Hill on the Cone Farm property. Probably a little grape juice, barley pop, fire water were mixed in with the live music strummed, sang by local musicians. Westford Hill, where the amps could be turned up nice and loud, because no one around to bother. 

Views from Westford Hill include Mars Hill to the north, to the west you see Mt Katahdin. And the view extends into Canada on the east. Much of the scenery to the south and west is in to unorganized sections of Maine that are still under populated. These vast woods are loaded with more wildlife than people.

Hodgdon Maine was formed in 1832, began keeping vital records in 1837.

There is rich history found in the cemetary on the Walker Road where my grandparents, lots of other relatives are buried. The plots lined along the hilly terrain grid work of driveways overlook the recreation fields where little league, horse shows and other Hodgdon Maine community events happen.

Continue reading
2380 Hits

Second Homes In Maine For Sale.

Second Homes In Maine For Sale.

Second homes in Maine for sale. Looking for a vacation property or retirement real estate?

Maine is a pretty state with plenty of open space, less people. And the word is out about how neat it would be to own a low cost second home in Maine.

Sometimes the second home in Maine is on the water front. deer  in maine photo

Other times in town, out in the country. Many have plenty of land acres surrounding them for a lifestyle that includes having lots of property. A feature missing where eight out of ten people live in a city, urban setting. Horses, planting something, raising something on the farm land in Maine that is part of the second homedream.

Empty grocery store shelves, losing power for days and other fear survival guides exploit make the purchase of low cost real estate in Maine seem a logical choice. Safety is not so common a feeling when you live where lots of people are clumped together. And not so many wildlife examples.

When more than one buyer is after a second home, the price goes up with the demand.

In small rural Maine with more wildlife and acreages of vast woods and not so many inhabitants create the prices that are affordable. Attractive to Maine second home buyers that are making the decision to spend more time in Vacationland than just a long weekend, a seven day time away from work chance to relax. Two buyers is good, three is better to create an auction setting feeling for the owner of what becomes someone's second home.

Besides the space, the ability to hear yourself think, Maine is sought after for a second home investment for other reasons. The no cost woods trails to explore, the lower expense to insure a place in the 4th lowest crime state. In part of the country where the cost of living is lower. The pride of workmanship is high in rural Maine. Getting away from high tension traffic, all those dead bolts and sliding chairs, security cameras and blinding external lighting.

In Maine you willl see stars you did not know existed over head in a sky of diamond sparkle on a black velvet back drop.

Light pollution, other kinds too is just not a concern when again there is less people per square inch. Northern Maine where I live has 11 people per square mile. Southern Maine is loaded with elbow room too but clocks in with 44 people for the same mile by mile square.

Continue reading
330 Hits