Buying, Selling, Renting, Financing, Moving | Real Estate In Maine
Over the holidays people gather, have some family time to discuss important life decisions involving somehow real estate.
Buying, selling, renting real estate in Maine. Or how to get financing, orchestrate the move associated with real estate transfer of property listings.
So what needs to be done, how’s the process work?
Well we have done blog posts on mistakes buyers make in real estate sales.
Not because the buyer is not smart, not well intentioned.
But the mistakes real estate buyers make is like most things in life.
No experience, maybe not adequate guidance in the purchase of a Maine property listing.
That’s the reason for slipping, sliding as it becomes more complicated in the process of buying a home, other type of real estate in Maine.
Sellers of real estate in Maine make mistakes too. More than plant a orange and black for sale sign stapled to a wooden vampire stake in the front lawn. Marketing, what improvements pay dividends or nothing at all. Maybe hurting the value because of the diminishing returns on the expenditure.
Every market in real estate is wired, rocks and rolls so differently.
A property listing sales professional can help in the what works, what does not and explain the why. To set the expectations. Do the education needed to get sellers, buyers of real estate ready.To attend a sit down, sign the paperwork closing.
But often it starts out in the buying, selling real estate time to just hold your horses on the houses.
To have to rent. To save up real estate closing costs.
To fix debt ratios, heal black and blue bruised credit scores.
That are bleeding out, too low below the limbo pole.
The one set to have to clear. To make the underwriter of the Maine real estate mortgage home loan give the both thumbs up.
Score an approval letter to annouce there is going to be a real estate closing soon. The clear to close memo and emails that make the rounds with everyone involved in the sit down. Have gotten the word. Are in the buy and sell property sale loop.
Pass property keys please.
And to develop writer’s cramp with all the sign here, initial there.
Renters that save money, develop credit, and log the hours to be on the job two years or more in the same line of work.
Or what they went to trade school, college to do and are now.
Financing Maine homes is not ABC easy.
Because lots of programs that all have different regulations.
We get lots of calls, emails and office visits to the real estate agency about rent with option to buy.
Got any of those homes? When the renter wanna buy candidate makes the inquiry, they also often volunteer my credit is not so pretty. Hot it is not.
But rent to own, the option to buy gets asked more a lot. The mortgage on the property they want to rent, if not free and clear has an accelleration clause that says no no no. If you try to transfer this property mortgage, a little switch is thrown. To demand all the money is due, pay up or else.
The rent with option home buyer also has to worry about are the payments mailed out being made too.
Are they going to the mortgage holder?
Or pocketed by the out of state owner who is up against it.
Needs the funds for running their new household. So when the badge and gun wearing deputies show up and serve the notice to move, leave the premises. Rut rho.
The renter option to buy guy and gal that answers the front door is surprised when asked who are you? Never heard of any arrangement going on for some time to buy what you rent.
Nothing on record, bills piling up and liens one by one attaching themselves to the title of the property being rented.
Not good. Oh and back property taxes.
Lots of house repairs that need to be made getting the loan.
Without a major infusion of money to perform them, then not so likely.
And the house defficiencies, who is going to pay to correct what the appraiser outlines as needs fixing.
All part of the getting ready to buy using a bank loan. Discuss as if it is the renting, crawling first. Before the leap, the hurl. Running to the closing for the home sweet home. Lots to this financing a Maine home dog and pony grasshopper.
So help with the buying, selling, renting, financing a Maine home.
And oh yeah, the last chapter, what about moving to Maine? We have lots of FAQ questions about Maine that help. So do Maine links. Here to help, so reach out with your questions about Maine. The property listings in Maine we market day and night.
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MOOERS REALTY 69 North Street Houlton Maine 04730