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Don’t Forget Parents Of The Maine Real Estate Buyer.

Don’t Forget Parents Of The Maine Real Estate Buyer.

The parents of the first time home buyer of a Maine home.

Don’t forget Mama and Papa Bear and who else from the family should, wants to be involved in the Maine real estate home sale. Because their input is vital to encourage or discourage and help the process to narrow down the home of their dreams.

And because the older family member’s influence is going to shape, sway the process if you include them or not in the Maine home purchase.

And working with the party’s collective concern is easier than trying to second guess the kink.

Where the tug of war is happening in the Maine real estate home sale.

The down payment, help with the repairs to get the Maine bank home loan. All may be part of the role of the supporting parents, grandparents or whoever is brought into the sales.

It may be Great Aunt Margaret who helps advance the gift money, an earlier inheritance.

So crucial for the Maine home buyer to have enough funds to swing the property or not in a bank loan purchase. Down payments are getting more and more scarce in a day and age of less and less saving money the norm. Impulse control part of it in the spending.

In a Maine family, the members come from all walks of life. That skill set will come in handy in the Maine home sale. When the appraiser for the bank repo home says she needs a porch roof stripped, hauled away, replaced.

Two cracked windows to be removed, reglazed. GFI in the bathroom and kitchen, extra railing to the cellar, front steps installed and lots of other little house keeping chores done to the place. On the list to return, inspect, check off, sign off. And the water and furnace lines for the baseboard heat alex potato farm boy photohooked up and better be, has to be working property.

Along with peeling paint that is a no no for the bank underwriters to send the clear to close instructions to the attorney.

Where everyone pulls out a high back swivel leather chair for the signing of lots of mortgage loan home sale legal papers.

For the sliding the house keys one way. The check for Maine real estate services rendered the other way. Everyone shakes hands. Heads for their cars.

The parents, unless a sore spot and a divorce or other factors have caused a major rift, split in the family, are an asset.

True, you could find the set of parents who don’t think now is the time for the kids to be buying a Maine home. 

Or just not sharing the same vision and lub dub about this particular Maine home that they view is not practical.

For example the two bedroom Maine home situation is what the kids want with the picket fence, patio, garage when Gram and Gramps are hoping for a bunch of grand kids.

And this place is way way too small. The Maine home needs to be way way bigger. more bedrooms. Or closer to where they live to enjoy their grand kids, help out raising them. They see themselves in the buying a Maine house decision making. But it has been fifty years since they had to shop for any home.

Their housing needs are different. In a few years they could swap with the kids. Take over the 2 bedroom home and let the kids spread out and populate that larger homestead where one family turned out pretty good in the sticks and bricks, four walls and under that house roof. maine moose photo

Prices have gone up a tad on the properties on the market, in the same neighborhood.

And the save up a twenty five percent down payment to buy from a local bank for the home.

Not a branch with the loan underwriting secondary mortgage home loan processing center on another planet in a distant solar system.

Fine line to make sure everyone weighs in with their two cents on the Maine home purchase that needs to.

But the actual purchase is up to the mortgage holder who will be do the automatic transfer or mailing, walking the payments up to the teller window.

When a Maine real estate agent or broker resents a parent’s influence on the younger son or daughter’s home purchase, it may be because Mom and Dad were not encouraged with open arms to be along for the show and tell.

Involve the Maine home buyer’s parents right up front when the house of their dreams and within budget comes along to kick tires on.

Share the emails with property information and video links, images. It helps you the pemaquid me lighthouse photoMaine real estate professional know what is going on at the other end of the process.

In the family of the Maine home buyer.

It removes the mystery behind the scenes.

When the property listing buyer is sure this is the one today.

But during tomorrow’s conversation not so sure and does a 180 degree.

Not so sure about all that was discussed without you in the room, loop.

With the points and concerns the parents have second hand passed through in bits and pieces.

Through the grapevine received back as the moving right along Maine home sale is stalled.

dairy bar maine photoWaiting around, lingering and everything cools off in the hot to trot to get this place quick.

Or the Maine home sale interest is cold. The move ahead with the purchase canceled all together.

People having input and you have never even met them to offer further needed information to clarify.

But communication with all the decision makers is best to save time and confusion for everyone. To explain, set expectation, educate, navigate.

Meet with the parents of the Maine home the younger first time house buyer wants to purchase.

Early on and through the deal if the family makes group decisions. And the home buyer of the Maine house seriously listens to and takes the advice of the older, wiser parents who wish them only the best.

I’m Maine REALTOR Andrew Mooers, ME Broker

207.532.6573  |  [email protected]   |  MOOERS REALTY 69 North St Houlton ME 04730

 

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Andrew Mooers

Welcome to our Maine real estate website. I am the father of four grown children, have listed, marketed, sold properties for close to forty years. Lots of changes in the real estate industry over that many decades and daily we re-invent our job. I grew up on a Maine farm that I bought from by three older brothers. My youngest son continues in the tradition on that same Maine farm. Here to help with property searches for homes, farms, land, waterfront, multi housing rentals, small mom and pop business listings.

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