The answer to why is my house not selling?
Lots of factors swirl around the property listing, the skim milk marketing, the sky high pricing. And the overall process getting to a real estate closing.
What are some of the statements, questions heard by real estate agents, brokers that serve as red flags?
Unqualified home buyers that don't know it or are in denial.
Don't want to talk about it. Stone wall, Quakers Meeting has begun.
When a home buyer first makes contact with a real estate office. And when asked about financing, if he or she is pre-approved if not paying cash.
They can get upset. Darn right uppity.
And respond with "why do all you real estate agents, brokers ask that same question!"
"About are you pre-approved, and for how much, which program?"
Ah, because it helps guide the process to get to the closing. You are shopping, but are you ready, willing, able to buy today? If not okay, let's browse, get you up to speed on the process to be in the driver's seat to buy a Maine home.
The buyer in the Maine real estate audience follows along, or tries to and wonders.
Scratches his head when the listing price of a property for sale goes up, down, sideways. Often the agent or broker has to rein in the spending. The stuff the owner always wanted to do and is certain it will make the property worth more.
Fetch a higher price and sell way way quicker.
So pricing the property listing for sale realistically going in and along the way.
Then being pro-active, to adjust the sticker to reflect blips in the current market.
That evolves along the rabbit trail that ultimately leads to the real estate closing.
You hope. That means price it right, don't keep adding on and taking away like the Maine ocean tide going way in and way out. Like an accordion. For a bunch of reasons.
The buyer follows the Maine real estate market. Sellers do too. Now you see it and when the listing price escaltes, now you don't. The filtering, slicing and dicing that are plugged into the array spit out from the media streams all use the same science.
When the property that has the buyer's interest, caught out of the corner of their eye on the many, starts to wonder. Form a conclusion that it must have sold, be put under contract. So forget about it, like a girlfriend that is history and moved on or you have stopped the relationship.
You've had it up to (hand held over your head) this high with living in too small surroundings so putting the city in the rearview mirror as you look for a Maine farm for sale.
The thought of being surrounded by open space, under the star filled sky. And not jammed tightly in the shadows next to towering skyscrapers anymore.But being self sufficient and depending on your own wits to stay on that Maine farm is a little scary. But exciting at the same time.
So buying a Maine farm, what to look for as you kick the tires on the property listings for sale?
The number one consideration is timing.
Is this working a patch of dirt, securing some Maine farm land a long range plan?
Or ready or not, here we go to take the plunge today?
If the target date for the moving, relocation to Maine is a few years down the road, maybe just land in Maine for sale is the goal. No buildings to insure, maintain, or rent out if that option makes your stomach a little queasy, uneasy. Construct from scratch and one by one adding to the farm in Maine building collection may be the route you want to take.
The size of the budget to buy a Maine farm is at the top of the list for consideration too.
What type of farming and does it involve critters, crops or both? Does the farm in Maine for sale have waterfront features for irrigation or recreation? And resale benefits that hoist the value of the property listing should you decide selling it is needed.
The location like buying any home is key when you consider the family members you raise, bring along to live in that Maine farm property too. Too far from town shopping, schools, hospitals amd wasted time, gas and added frustration to the flow of the day happens right?
What is my monthly home loan payment going to be means real estate mortgage calculators need to be handy.
Are one valuable tool in figuring out what I can afford as a property buyer.
Calculators for real estate purchases to try juggling the mortgage numbers.
Before buying and one by one taking a looksie at the scenarios. The what if I put this much off the top for a down payment? To shorten the years on the mortgage by this amount.
And if I can shave a half a percent from this lender, what does that trickle down to do in helping the bottom line?
What does that all percolate out to for a monthly house payment when you plug in, punch the numbers?
We all know the higher the interest rate, the less house or other property listing that the buyer is going to be considering.
Low rates mean more buying horsepower. Plain and simple.
Timing is everything in life, in real estate buying and selling.
The reality real estate shows make it look slick, quick, easy peasy. But like dating, it is all about timing. If you are single and meet someone that happens to be too, cool. But in real world shake and bake, it is about coming along at the right time and being available. Ready, willing and able. For the show time, here we go.
It is often way way easier to get a buyer into a new Maine home or other property if everything is not nailed to the floor.
With the "have to sell what I already have" before moving on to a new listing condition.
To make the property my own means some day out there.
Home sweet home in most cases takes time. But the hunger, desire improves the taste. That is where we come in as the middle man in the real estate buying, selling, sometimes trading.
So if a bridge loan from a home mortgage underwriter at the Maine bank is not possible, we wait.For the property you already have on your plate to be pushed off it. Taken care of to clear the way for a new helping of house listing. Please and thank you. But we still browse, search, filter and suggest. Keep that real estate conveyor belt of listings buzzing, rattling and humming for all to see in the online / offline media platform display cases.
Because less clothing, raised eyebrows and attention happens.
But with real estate, too skimpy real estate information put online frustrates those out in the Internet audience.
There is no place for this stall in the connection, the real estate what's it all about.
Delay, teasing, incomplete information details on the biggest investment most ever make.
That is not a good situation.
When you think about it, many tour a property, real estate listing once and when they double back to do it again like Steely Dan sang, we're done.
Folks are busy and need you to spell it out quickly, easily.
All the time.
It is not a case of meeting the real estate buyer half way. Or expecting them to track you down on the 9 to 5 time frame of a real estate office Monday through Friday.
No No. On tap, ready to go and to hop out of the steam table to serve up on a moment's notice. That is what buyers of real estate expect. Sellers of property listings too. Give them what they want.
When you need local news, you turn to the neighborhood sources around you.
Reporting is done in your own backyard where it happens. Not the news from a local area many moons away. Things roll differently in other parts of the World.
So you get your news feeds locally.
Scan the World and national events. But local is well, local. What you tap into to stay in the know.
Unless you are from a far away community and keep the old local connection burning.
Checking in periodically or getting an out of town newspaper delivered, going online to stay in the know.
When you are moved far away from the old home town. But she keeps pulling at your heart strings.
Local news in one area is vastly different than another.
Weather is not the same, the population, trends, crimes, everything is not carbon copy. Because we don't live in one giant sandbox where everything shakes out the same. Identical twins are rare, so are the odds of two areas moving, grooving to the same exact 5,6,7 and 8 daily dance steps.
Add to this unique community surroundings we all enjoy, that the media likes to reduce everything down to one big same general story.
Like trying to make a weather forecast apply to the entire country. Which does not work well.
The real estate listing in Maine is advertised in bold capital letters with "as is".
Mentioned in the property listing blurb that what you see is all you get. Often like a car being sold wholesale to the public. Off the lot just as it rolled onto it.
Under it's own power or towed, hauled in on a swinging hook or ramp truck to tilt, dump.
To take it's place. Parked amoung the other iron horses scattered in rows around the vehicle sales paved lot.
The term in Maine real estate "as is" can create an audience anxious to buy because of the lower price than normal. But reminders about why so low has to be kept center stage, in the fore front of any, all discussions.
There is a reason.
Like the car with a bent frame, that's been under water, has accident damage sold "as is".
The property listing low price comes with a reason, with this certain territory of less than perfect real estate offerings.
Neglected, abused, damaged. Something is making this property listing less than stellar. Parked on Misfit Island.
One where there are lots of properties with loose ends, labeled odd ball.
Some known and disclosed issues and others you take your chances. The Maine expression is "it's hard telling without knowing Bub". Sometimes you can not see what is good, bad, ugly.
The time to be moving, relocating, buying Maine real estate for retirement.
An affordable property that helps stretch that fixed income received monthly from whatever source(s).
Getting by on less, but really clearing time for the Golden Years with property in Maine.
Bought for leisure, comfort, quality of simple living.
Free of drama, pulling your hair out turmoil. Crime, tasers, no personal space.
To relax, enjoy the days, nights more in the shift of scenery.
Maybe at a Maine waterfront real estate location.
On a small Maine hobby farm with plenty of land. So everyday is Vacation.
And often it's the same conclusion you and your relocated neighbor down the country road in Maine arrived at.
That it is often a tad past the optimum time. To hang up the roller states, concealed weapon. Ease back from the hurry scurry of an overbooked schedule in the concrete jungle.
For too long in a life spent on the road, keeping up with appointments, eating the wrong stuff on the run.The pedal to the medal and neglecting your health. Chasing the dollar to meet financial obligations. Under the hammer of debt hanging overhead.
How to waste a lot more time in listing, selling Maine real estate properties.
The opposite of what you strive to do but it can happen anyway. Unless lots of thought, careful planning is part of your every day moving, grooving in peddling real estate listings.
For starters, real estate is a business.
Built on the same set of principles as the other commercial enterprises all around you.
Just what you sell is a service, not a product. And customer service, the "can I help you" with a smile applies.
And you better really mean it if you say it. All the time. Make a profit, keep your doors open. The boat afloat. Don't you won't. Simple. Cut and dry reality in the realty world. Sink or swim.
The number one way to waste more time in the real estate day starts and ends by just not asking questions.
The right ones. Taking, spending a little time upfront. To avoid frittering away boatloads of hour glass sand later. Making everyone upside down as the one who guides this listing from rough, raging open seas safely into calm harbor closings. Suppose to know how to hokey pokey to keep everyone in the boat.
If you are looking for a Maine home for sale, before calling the earth movers, the land contractors to clear and lot and build from scratch.
Look over, browse and search existing housing stock for sale in Maine in the area you want to be.
And armed with your gotta have / don't want list of features with the Maine home, one by one sort and filter.
To come up with an inventory of existing, on the market Maine real estate listings.
To use in the lub dub property matchmaking.
With thought to the dollars and cents. What the total cost will be for any modification after the sale. To the property in Maine that is picked as "the one". But a few wrinkles to iron out.
The process of searching Maine property listings, not just homes for sale is easier with the Internet.
If the real estate agent, broker takes the time to showcase each listing one by one. So the distinctions are obvious on line to quickly sort them out.
If the attitude is "wait until the Maine real estate buyer darkens my office doorway", then the presentation is lacking. There is a sea of sameness to the property listings. Because lots of information is missing, just plain left out.
Adding on, how much bigger can I make, say, a Maine lake camp when converting to year round home?
Before Maine Shoreland Zoning regulations, requirements were hammered out, it was go for it. Do whatever fits your fancy on the Maine waterfront. Have fun. No rules, restrictions.
No thirty percent expansion rule, for adding on, building over like enforced today.
No lingo, gargon about conforming, non conforming waterfront property uses around the shoreland. It was also mostly camps, cabins by the waterfront.
Used sparingly and with less impact, fewer people in general around the Northern Maine lake locations especially.
Septic systems on Maine lake camps were primitive, home made, very simple.
Maybe a 300 gallon metal tank that went that away, somewhere, I think. Uncle Bob put in a trench with inverted "V" of hemlock planking over the trench drain of rocks. Of a 55 gallon drum for the toilet was where things disappeared into the ground.
The bathtub was grab a bar of Ivory soap (because it floats). And head to the big bathtub out front. Into the lake for your Saturday night ritual of scrubby dub dub. There was a hole dug, filled with rock, stone for the gray water drain of the kitchen sink.
Patience is not the strong suit of many Maine real estate buyers and sellers.
And everyone has action packed, busy lives which does not help. So when a Maine real estate buyer makes an offer, has a series of contingencies to run by the owner, there can be a delay. Because the seller needs to digest, understand and accept, modify or reject altogether the property listing offer.
But often it is beyond the have to sleep on it, think up more real estate related deal questions the offer raises.
It is finding the property seller who is not parked next to the phone waiting. Does not have email or checks it about once a year if they do.
What was my password again? Aw.... Dagnabbit.
Which is foreign to the buyer and Maine real estate agent who live online. Wondering what is taking so long for a call back.
Or email response to the real estate listing offer with lots of questions attached.
We all know today finding a person on their Facebook page can be way way quicker than a call, email.
The connection is strong and response is quick, simple, easy there. Or it can be a take a number, have a seat delayed waiting around that happens. The property listing seller could be in Texas as I found from one owner this morning.
When making an offer on real estate in Maine that was for full price. But involved 30% down payment to talk over. And an owner financed installment sale scenario to consider. We list, market, sell a lot of Maine land with owner financing.
The property listing in Maine has been put on the market for sale.
But what happens after the real estate sign goes up, the marketing band wagon starts the razzle dazzle? To attract lots of attention out in the market place. Locally, far away too online.
Who is out there to buy the property. Is ready, willing and able to step up to the plate today?
Searching the stands in the audience for the right combination of player and place. For right now.
To take a swing and hopefully connect, run all the bases.
To get to the "home" or whatever type of property listing is being peddled.
The Maine real estate sale has lots of facets to polish and promote. To help sparkle brightly. And way beyond the property itself, the pricing, other elements of the sale kick in on both sides of the real estate teeter totter up and down.
The owner of a property, a Maine real estate listing.
Who is the go to for instructions, updates, offers, decision making. Can get a little murky. Creating gray areas when the seller is elderly.
Or the sale is an estate transaction where the owner is not here.
Left the Earth.
But an appointed personal representative takes the reins.
Someone is selected, Is duly charged to handle estate affairs.
The legal loose ends that crop up when someone living in a place for years dies. The collection of assets both personal, real, monetary are all added up for disposition.
Setling an estate has to happen for the closure, the loss of a person in their life. Usually a family member.
And their passing makes those left behind related to them see their own mortality. In the pulling out, sorting and settling affairs straight.
To wrap up any more personal day to days in the home sweet home once and for all.
Close the book. Dismantle what remains of a person's life. What they have accumulated, what's piled up and needs to be sold in a sale. Or placed in a dumpster for the heave ho disposal.
The full details of a Maine property listing.
Everything about the real estate for sale going in, up front is key. Because if that is not the approach, if all that effort with images, narrative, videos and maps, plats, aerials is missing, jumping to conclusions happens. Making the wrong assumptions because nothing to go on takes place.
Buyers of real estate listings have imaginations.
Vivid ones. Leave most of the details out, keep them guessing. And whoa.
They tend to replace what they don't know with what they hope and desire.
Wouldn't it be nice if this, that starts to happen. I wonder or bet that it has this too.
Wanting, longing is a strong persuasive, suggestive drug.
Even though nothing suggests that stretch. In the lackluster, very abbreviated vague write up. Property listing for sale presentation. Hope builds based on not much to support it. Beyond their price range expectations take root, germinate, build inside their head and hearts.
Give the buyer of the property what he deserves.
Details, rich in information to help the image in his or her head form loud and clear. To know the good, bad and the ugly. They are all adults, can take it. Don't want it glossed over or candy coated. Or high school skinny skimpy.
Living off grid in Maine.
The motivation for a lot of reasons. The biggest one is to enjoy space that has always been at a premimum. Pretty much non-existent. In areas where it is down to the inches not property acreage in measure the elbow room around a person day and night.
Not being able to get space is like always being out of breath, low or out of food, water.
Anxious, suffocating feeling. Takes it toll on a body.
Worry about bothering someone, being in their face.
Getting sued or worse is a strong concern. Bodily harm coming your way is a fear to carry anytime you open the dead bolt, slide the security chain.
In city settings where you don't know a soul in the sea of faces in the crowd. On the no room to wiggle out of the way sidewalk. On your mind daily. No fun but you can begin to think this is the norm everyone. No it is not. Not in Maine.
Maine has the wide open, clean, natural space. The people are resourceful and bartering is done a lot. We are cross trained. For survival and to get things that just not enough in the bank account to swing if hired out.
No money down, 100 percent Maine home loans.
Where do you sign up right? Sounds too good to be true? Well believe it or not, you can get no money down Maine home loans.
A big down payment to buy the house does not need to be squirreled away first. That delays the process.
The days of only, always saving up 25% of the Maine house price to make a local home loan are long gone.
In a small rural state like Maine.
Where it is not all about a giant paycheck. But the lots more areas of value that attract, keep us here that have to be considered.
Buying a Maine home.
Not as simple as buying a car process. And just sign here for the keys. The stack of paperwork is thicker. More hurdles set up to clear. The need for six to eight weeks for the Maine home loan process comes into play for a reason.
You bought a Maine property listing, what about the real estate deed to it?
Where did it go? Or you have gotten your deed to some Maine real estate. But for the life of you, it just up and disappeared. Or the house with the safe hiding place for it burned to the ground.
Total loss, flat as a pancake happened. Rut rho.
How do we fix that sinking pit in your stomach feeling situation?
No dice, no more real estate deed wrapped in blue official looking legal sized wrapper.
For starters, when you got the deed to the Maine real estate.
If a bank was involved with a mortgage placed on it for a lien, you can bet the title deed was recorded. Put on record at the registry of deeds.
Recorded in the county where the property listing in Maine is located.
A title search at that registry will show Ta Da, Voila. You are the grantee, buyer from the former grantor, owner. No secret if recorded.