Own Maine Real Estate Blog

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Real Estate Terms, There Is Audience Confusion.

Real Estate Terms, There Is Audience Confusion.

Like any industry, when you peddle a product or provide a service, the terms and buzz words can be misunderstood.

The abbreviations, letter combinations used can cause uncertainty in a real estate sale. And when you factor in that  most buyers and sellers of real estate property listings don't do these big life transfers very often, fear can enter the process.white water rafting seasonal property photo

Being scared of selling a house in time before the three years of back taxes caused a forfeiture and total loss is real scary.

So is a family having their heart set on a new home cross town or the country and the sale of the old one is stalled. Threatening whether the real estate domino will fall in the right direction or at all is terrifying.

Where are we going to live when it is your small family member asking a parent the question makes the home buyer or seller second guess themselves. Are they getting the job done and what are all the real estate expressions, terms being tossed back and forth in conversations and emails?

Between the bank, lawyer, appraiser, and other professionals that can forget their are others in the real estate operation room.

Who wonder what strange, foreign language have you slipped into that has them worried. Baffled on what was just said that somehow if important but not sure why.

It starts at the listing level. If the information on the property listing is neat and complete and all the spaces are filled in, that means the buyer has less unknowns. Hoping, wishing and assuming anything in life or real estate can be disasterous.

Wrong information is bad but missing details the buyer needs to make informed decisions is worse.

Because human nature is left fills in the blanks and not always with the correct answers. It depends on is the person snarky and negative or upbeat and positive? Or are their expectations way to high or down low go with the flow?

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Buying The Waterfront Property In Maine Next To You, Oh Oh.

Buying The Waterfront Property In Maine Next To You, Oh Oh.

The chance to buy a neighboring waterfront property in Maine.

Something to add to whatever you already own located next to you comes up. And shoreland zoning considerations enter the room conversation.

Like a NASA countdown pre-flight systems check, what you are about buy and how needs to be addressed carefully. With eyes wide open and the best laid plan hammered out. To proceed slowly and put into play before the actual sit down and let's have a real estate closing.lake waterfront sunset photo

Because how you merge the properties legally will impact forever if you can ever convey part of it on to a loved one or sell it off at all down the line.

When the real estate for sale is lucky enough to fall into a shore land zoning region in Maine, a big overhead crane lowers a more protective set of regulations.

To guide what does or does not happen to the real estate next to the water.

It lays a big protective template over the region 250' back from the waterfront.

In this case where a lake ends and the land out front of the cottage and extra lot begins.

The purpose of the shore land zoning law was to help assure the water quality of the precious natural resource that Maine is so fiercely protective of and that needs extra scrutiny.

When development around the waterfront is entertained.

Or existing properties next to the water are modified and what you can and can not do is not left up to the the owner's imagination. Or the township or plantation or unorganized location in Maine's code enforcement officer has clear cut guidelines to go by.

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Financing To Buy A New Home, More Than A Pretty, High Credit Score.

The financing to buy a home, the one you really have your heart set on.

Want to own for your family. It's out there. And along with kicking tires curbside and spending more of your time checking out the what is new to the market, what's for sale for homes.mobile friendly realestate web site photo

You've been hit with all the ads, offers and pelted with rates, programs and chances to get a loan. Peddled and presented smoothly as being as easy as just sign here.

You can't see the rest of the bank lending fine print to snag that low low rate with asterisk beside it and then hang on, the drop to the bottom of the monitor screen.

Or actually hear all about it in the thirty second holler for a dollar. To keep up with the liquid tongue announcer who rattles off the legal disclaimers at the tail end with not enough time to humanly hear.

That all goes along with the catchy sound bite. That enticed you in to the marketing tent to begin answering questions, filling in the spaces on the four page form where the banking process all begins.

What was your social security number and middle initial again?

It is Jane and John Doe, do I have that right? How long have you lived in your present address. I see. Okay. Now place of employment, savings accounts, who do you owe money.... (audio drops, picture fades to blac, scene changes to the home picked to buy,) 

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Home Remodeling | Improving Small Bathroom Situations

When we have a property listing to market, a small bathroom is not a feature to headline.

To lure a buyer of a home for sale to make the purchase. Small bathrooms are not sought after by Maine home buyers. And why they happen? You would have to ask the home builder who may be six feet under or gone on to the great beyond.bath in maine photo

Like buyers for land in Maine who don't ever ask for "what do you have for a good swamp", small bathrooms are not attractive.

Especially if a handicap buyer needs room to maneuver and get into the bathroom quickly when nature calls with a sense of urgency.

So improving, fixing, curing small bathrooms when space is at a premium and the way the waterworks were placed was not the best it could be. There are lots of tricks to untangle the crowded-ness of a small bath. Here are a few of them that are obvious, some not areas you may have thought about before now.

Cures for small bathrooms in homes for better living or simple resale.

When the budget is small or major renovations are just not in the budget or you rent the place you want to expand without a wrecking ball involved. The list includes adding larger mirrors. Especially opposite a window to make the appearance of two windows, a more deeper sense of space. The mind can accept certain optical illusion tricks easily.

Also transitions of surfaces the eye, the less the better.

If you are adding tile rather than stop over a shower short of the ceiling, take it all the way to the top.

Consider painting the ceiling the same lighter shade of the walls. Or because ceilings can appear a little darker from shadows, make the same shade as the walls a few ticks to the light version of the color selection off the wheel.

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House Colors, How Small Town Rural Real Estate In Maine Property Sales Rock And Roll.

House Colors, How Small Town Rural Real Estate In Maine Property Sales Rock And Roll.

Does color of a house for sale in Maine make a difference in marketing time, the final sale price?

How differently rural real estate in Maine property sales are treated than higher priced ones found where space comes at a dollar premium. And every color has a special time and place right?

Like Maine's fall harvest of red, orange, yellow and greens of al types?pick fall house colors photo

What is the norm, what is expected in color preferences here in small town Maine is very different than the treatment of what is nail, splashed on, for vinyl, latex or oil based appllications to listings in larger population centers.

We can arrive at some absolutes though. When the price tag goes higher, so does the number of considerations in the handling of house listings. And the right color becomes more and more crucial in attracting the largest audience possible.

Like the oldest child, there is more pressure on the higher priced property listings to perform well.

To conform to certain real estate standards practiced in the area. The colors selected have to behave themselves. If they expect to attract new home owners in from the curb.

And to be inviting enough to cause them to reach for the front door handle to give it a twist. To come on lin, search the rooms, to lure them to tour around the inside, back out to the grounds surrounding the house for sale. And to stay memorable in a good way as they house shop.

Will the house color grow on you or become weary?

Pretty expensive exercise to roll in the 40' ladders and slide them around the place or climb in the bucket truck to change the look that works or fails for you the new home owner.

When you and I were kids, eight crayons were plenty. We mixed them to create a few new color variations. To have more than just the eight primary colors to work with in the art work creation to magnet to the refrigerator. When you were little, life was simple, less was more than enough.

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Investing In A Waterfront Property In Maine, Putting It To Work By Renting It Out.

The dream of owning and enjoying a waterfront property in Maine, how do you pull that off?

Putting the property on the lake, stream, ocean front, on a pond or river into the rental income pool. To carefully rent out what you buy and look forward to say retiring at some day. Second homes, vacation properties in Maine for sale are part of the mix that we help buyers put together.lakeview in maine vacation property photo

Often the real estate desire to buy starts out as a simple math exercise like many things in life.

How to crunch the numbers. Is the timing right as the buyer juggles college loans for the kids and brace payments for the teeth? To make what you shell out, to start the mortage on the waterfront property kick into gear nicely. For an eventual mortgage burning party. Or to leverage and do it again as the Steely Dan song reminds. Buy another waterfront property to rent out and make carry it's own weight with eagle eye guidance and attention.

But how to rent out the property on the water front in Maine? And to use a few Maine expressions, to not have it "stoved all to heck?" Ridden hard, put away wet and neglected.

To end up with something worth anything from the wear and tear. And the money and blood, sweat and tears poured into the place to keep it attractive enough to attract good tenants. The kind that return to their little place in Maine on the waterfront for a property destination that gets put into life re-runs of the happy campers.

What to provide the waterfront property in Maine renter who pays by the week or longer?

Real estate is emotional. The location on say a Maine lake provides the opportunity to kayak, fish from a boat, the end of a dock or through a hole drilled in the ice by a Jiffy ice auger. Or to access trails on the snow sled, the four wheeler ATV or hoofing it.

But drawing up a book with directions, maps, highlights of things to do for fun during your stay at the lake property in Maine. Wouldn't that be helpful as the local guide to what there is to do for fun during their stay at the rental property? Suggestions on what is available for recreational opportunities are most appreciated by a total stranger to these parts.

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How Long Is The Real Estate Property Listing Going To Take To Sell?

The hop on and off the Maine real estate market conveyor belt, why do some properties sell quicker than others?

Lots of reasons and first, foremost is how hot is the real estate listing pool water. How's the market for that type of real estate listing? Feast or famine, is there is surplus of just like it or an empty cookie jar competing for buyers?

The marketing of the property should play up the unique differences.maine property sun set photo

The features, the condition, the location, timing of a move that could happen quickly.

Like people, every property listing is unique in many ways.

That has to come through in the media stream.

So there is not a sea of sameness in thee copy, the images, video shoot ... everything put into the real estate razzle dazzle.

To attract the interest and build desire of the buyer who hopefully is ready to spring into action if they like what they see and hear.

It is not secret that a home without lots of clutter looks bigger, sells faster.

Pack it up and move it out Cowboy. Cause if property bloat happens.

Oh oh.

The thought of look at all the stuff this seller is going to have to move can make the buyer think ouch.

To develop an upset, queasy stomach. Too much to heave ho, makes it not jive with how quickly they need to relocate.

For them to consider themselves buying this place loaded to the gills and beyond with stuff, trash and treasure.

The other empty home that is ready to go and show and sell quickly suddenly moves up a knotch in the eenie meenie miney moe property listing selection.

Clean, no smells, not a lot or any loose ends translates into a small job jar. In the minds of the real estate home buyer who has to feather the nest to their liking and take care of the slack. Tightening up what has been let go and is loose, undone and needing the TLC attention.

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Multiple Offers, When More Than One Real Estate Buyer Happens.

How to handle multiple offers, more than one real estate buyer shows up, to court and spark with a property listing.

Sounds like a wonderful situation for the real estate seller.

If you were a buyer in the round robin, you might wish you were the only one. And hope to be the last one standing. With your offer to buy the one that is accepted by the property listing owner.flickrtemplate0

But multiple offer situations, they are like delicate surgery where time, communication and consistency in the treatment with respect is imperative.

To make each and every buyer in the multiple offer situation feel like they had a fair shake.

That the playing field was kept level, no hanky panky happened to leave a bad taste in the buyer who did not get their offer to purchase the real estate listing picked from the pack.

And don't burn bridges. That buyer that was runner up may be picked to wear the crown at the sit down, sign and pass the paper real estate closing.

So monitoring the multiple offer situation, we let the seller know at time of listing the property this can happen. To not get cocky and please don't think the property is under priced and that the sudden shortage of this type of real estate listing is part of it. Supply and demand is at play.

Real estate markets like the weather change.

And markets within the market happen in the layers of real estate we list, market, sell (repeat). Like playing Fish. Sometimes there is a shortage of just the right kind of property that is no where to be found on the MLS round and round merry go round.

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Is The Real Estate Seller And Buyer Ready To Play?

Getting a property, a real estate listing to the sit down, sign the paperwork to close.

Not every property listing makes it all the way to the property closing for a variety of reasons. Two of the most important factors revolve around the seller being ready to sell when it comes right down to it.

And is the real estate buyer being in a position of ready, willing and able to pull the trigger today?loaded truck photo

Are we ready to buy and sell the property in Maine today? Money in hand or bank pre-qualified to make it happen?

That is the question before all the rest falls into place that can raise its ugly head to cause delay, derailment and all the rest of the stress associated with buying, selling a property listing.

People are involved and emotions can run high but despite the layers of players involved in the decision making, the motivation and ability to really buy or sell real estate is the end all.

Beyond the real estate seller is ready, the buyer has his snickers all laced up, both are chomping at the bit to giddy up and go, what else enters the picture?

Is the property priced to sell, realistic with the current market conditions? Is the marketing to find a buyer out in the wild blue yonder full throttle and far reaching?

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Trying To Track Down Runaway Real Estate Links, Like Herding Cats.

The seller of a property listing for sale in Maine happens to be surfing.

Wonders why the heck the price is wrong on this link from another broker when listed four years before. Or the acreage is wrong, the images not the right array on this link, and that one. What hapopened? Well, like tins cans blasted up into space to circuit the globe, those pieces of Internet "space junk" continue to circulate when their usefulness is gone.

And good luck when a seller says track down and suction the Internet to pull back in all those real estate insertions online.herotherealestatecat

You want as a real estate broker in Maine to have the most propagation. To radiate and detonate your marketing messages so they reach further online.

And have frequency to show up everywhere the surfer turns that hones in on the real estate marketing signal.

Purring smoothly.No feed back squelch or interference with drifting in and out confusion.

The purpose of advertising is to be found, to be remembered from the attention that leads to desire and ultimately action. You hope.

So cleaning up the Internet of earlier listings for sale usually means broadcast louder, stronger so those earlier attempts get pushed down, escorted to the back of the marketing bus.

And we all know anything on page ten, eleven, twelve instead of one or two is probably not going to see much light of day. Or glow on the device the buyer of real estate is holding to dial in your real estate marketing signal.

So like herding cats, the attempt to try and catch, retrieve and snuff out old links is futile. But as time goes on, as site change hosts and get revamped, the site maps more streamlines, those old extension on a real estate or any kind of Internet site will erode, decay, drop off with time, patience.

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Real Estate Agency In Houlton ME.

Real Estate Agency In Houlton ME.

Real estate agency in Houlton ME, do I know of one that does more than list properties for sale?

Because today the buyer for the real estate in Maine is not just local. Or the pool of buyers for a listing better not just be a small one that is local only. The World is getting smaller thanks to the Internet and if the marketing is harnessed correctly, the targeted audience is not just local for a Maine real estate listing.

So how do real estate agencies in Houlton ME stack up?horseteammainephoto

I have found over the last 36 years of this real estate career that buyers want more information on the local area.

And in small Maine towns, not much is posted online to help answer the questions surrounding what is it like living her in Houlton ME.

Or whatever community the buyer is considering investing in and using part or full time.

The local community videos of Houlton ME help broaden the service provided. The barrier has to be removed.

For the out of town, state, country buyer that has to put everything on hold until he or she can clear the schedule and spend a lot of money and time getting here to kick the tires of what is for sale for property listings.

With videos, lots of local images and narratives that tell the local small Maine town story, the buyer is not delayed. The seller benefits and the property listing for sale in the Houlton ME area hops on and off the conveyor belt of current real estate offerings to conside.

Information about the local banks, the local attorneys, options across the board on where to eat. Heck even where to stay, motel rooms in Houlton Maine. All that and much more is needed to be hunt and pecked and posted. All those topics are covered in detail on our many blog posting platforms.

Saving time, gas, money, frustration is a big part of our job. So if setting expectations for the buyer and seller that consider the size of the real estate budget, the timing of what has to happen that involves a property listing for sale in Houlton ME.

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New Construction, Maine Land Needing Something On It.

The neighbor fired up a skill saw this morning and it hit me as something special.

New construction or fixing up anything already built is industrious, shows care and respect. And belief in the future in a small Maine community. New construction on Maine land is not the long and drawn out process folks from out of state fear either.

So many share horror stories about building, remodeling, new home construction projects where they are coming from and still have night sweats over the expensive, drawn out nightmare.

In Maine there are not the layers of players and life is simpler.houltonmaine000004

Shoreland zoning, building around a natural resource is more restrictive but for good reason.

Maine is all about keep it clean, pure, all natural.

To protect the environment and using common sense, methods to avoid or stop soil erosion or anything leaching into the crystal clean waterways in Maine.

Kinda think like a fish... they would holler or gurgle if they could talk about how much they hate lawns, weed and feed, pressure treated arsenic floats and docks.

So how does it work when reaching for power tools and measuring, slicing up boards? Unfolding the blue prints and putting a rock on each corner at the work site.

Doing the ground work. Building from the dreaming about the place in your head and how to wake up with it on the Maine land. The easiest, cost efficient way possible for new construction on the land in Maine.

If you are in a small Maine town which most of these burgs are, the town office is usually only open a number of hours, just a few days a week. Not a bunch of municipal cars parked outside a town office and folks coming and going, shuffling paperwork either.

No, it is a one town manager, part or full time, and other folks with full time jobs holding down the stint on the animal control, fire warden, zoning and planning boards all in one in small Maine villages.

Often six people wearing all the hats in a small Maine town. And when you get off one job after decades of service in that role, hokey pokey jump back into this one. Cross training happening so everyone knows what the rest of the tight knit family is doing. They had the same rotation of job last term in the small town elections won by a landslide margin.

Only so many folks to do the day to day in small Maine towns.

It cuts through the paperwork and you are dealing with local control. The person that is the building inspector, the town tax assessor is up close and personal. One of your neighbors and not a hired gun from away and locally employed the bulk of the time somewhere away from the Maine town office.

But volunteering for  many posts from school board to fire department in the small Maine town. Being of service, more involved. Because not a enough money in the property tax base to do it any other way. Home grown not store bought.

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Tips For Buying Land In Maine

The urge to own, kick yourself into gear and to be finally buying land in Maine is a strong one.

The low prices on the property acreages is one reason. So is just the sheer size of what is for sale for land in Maine that pulls at a person's heart strings too. Underneath all is land, remember? Like Abe Lincoln, you too want your name on the title to the land deed you own outright, free and clear. horsesnowviewwinterlandphoto

Land with good drainage, features like a view, water frontage, an open and wooded mix, terrain.

That does not require you to be a mountain goat.

And please, smack dab, right on the recreational trails if at all possible.

That is the obvious showing up on the wish list folks hold to describe their perfect piece Maine land property acreage.

Along with generous, attractive owner financing options for the Maine land to make buying it on installents easy.

But you have to have sure footing, a good foundation to build anything on. So the title, access, ability to build on the land acreage is pretty darn important stuff to discuss. So is the shape of it if you have teeny weeny frontage on the road, and it goes on and on for seemingly miles.

Spaghetti lots, bowling alley strips or dog leg jogs this and that way are not a land subdivision done right. They are a surveyor's nightmare.

Land in Maine has lots of purposes. Peace of mind to run away to it for fun or to regroup if city living is smothering youin a scary way. Land to retire on. To use for the all important raising a family, to have an investment to enjoy and that increases in the value of the Maine land.

Vacation property is the fun kind. Take a break, catch your breath. Unplug and recharge in Maine.

But tips for buying land in Maine. Like anything involving money, watch out for your wallet is good sage advice. But if you don't do it everyday there are red flags waving you don't even see. Even for a simple small parcel of Maine land used for seasonal recreation.

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Real Estate Sales In Maine, What Is Not Talked About Much.

Real estate sales are a delicate operation and many smaller not talked about so much topics don't get the black ink they should.
 
Sure I have blog posted before about mistakes buyers make in real estate sale  transaction.
 
And equal treatment with real estate seller blunders done with or without knowledge of the severe consequences affecting whether a property listing gets to the closing conference room table or not.aerial lake in maine photo
 
The sheer number of days on the market (DOM) can make the Titanic property list, droop, slide into the dark deep cold waters on the big, impersonal MLS playground too!
But besides the clean it up, price it right and be ready to show at the drop of the hat, on a moment's notice.
 
There is much more to add to the real estate buying and selling discussion.
 
Way way more. Enough for a series of posts on just this topic of what red flags to look out for and the ones you just don't see. Even the real estate professional learns new tricks each day. In the passion, some call jealous addiction of property listing buy, sell, trading.
So skip the staging, the realistic pricing and all out marketing do's and don't and let's toss up for all to see a few more situations that can raise their ugly head.
 
In listing, selling real estate in Maine, anywhere on the planet or solar system.
First and foremost, real estate does not get bought and sold without a lot of people involved. With bank financing especially, more layers of players have something to say. They are all gatekeepers.
 
When the guys and gals with the combination to the bank vault, holding the purse strings raise a concern and their eyebrows one by one get hoisted. And some new wrinkle is introduced in the real estate sale to add to the woes and concerns.
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Land In Maine For Sale, How To Manage Your Woodlot.

Being a good steward of your Maine land, the woodlot that is like tree farming.

Where you the owner want to maximize the return, the growth and to remove any restrictions that hurt the wood production. Of the stands that populate your Maine woodlot.horseteammainelandphoto

Treating the timber on the Maine land with respect and passing along the ownership to another family member is part of the good stewardship.

So is working hard to protect the Maine land from soil erosion.

Where soil is washed away and into precious natural resources that hurt fish, damage the quality of a water resource Maine is famous for and proud to protect. 

So your woodlot, when it is time to timber it, harvest the over story and to weed out the too congested or mature trees, careful and easy does it is the order of the day. The simple tractor you use around a Maine farmstead and it's assortment of chains can be a start.

So when twitching the downed tree and dragging it to the yard to process the limbs, ready it for loading on a truck or trailer, other smaller trees are not destroyed or damaged in the process of cutting the Maine woodlot. 

The private Maine land woodlot owner has the time and pride to take the steps to carefully remove the timber that a forestry report outlines as time to harvest. More on the Maine tree growth program.

The Maine woodlot is not just a place to visit in late summer to gather firewood from hardwoods ridges. To be a season ahead of the heating a Maine home. So seasoned wood from the Maine land is dried, cut to match the length of a woodstove in the kitchen, down in the cellar. 

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Gimme Shelter | Real Estate As A Tax Shelter

The Rolling Stones sang about needing shelter, about not getting any satisfaction and lots more emotional, passionate subjects.

But because we list, market, sell real estate listings in Maine, the topic of give me shelter needs plenty of attention. Lots of it under the hot center stage spotlight where we hang out on the Internet, the social media circles.

Because people want to hang on to what they work hard and save up. And part of doing that is knowing, taking all the IRS deductions that are provided for in the current tax codes.alex spud boy maine photo

A tax shelter that involves a real estate property listing.

For starters, we are not tax accountants, bean counters nor do we play one on TV or in real life. Have dealt with 1031 exchange or two though.

But there are lots of resources for using real estate as a nifty tax shelter vehicle to steer around paying too much. To save on what you fork over to the IRS around April 15th every year.

And just because we are not CPA's who we always advise you the faithful reader to consult with for the correct financial planning straight shooting advice.

Does not mean to be scared or skirt around the subject of how to save on your taxes using real estate as one prime way to accomplish that.

The roof over your head, those four walls that contain you is one of the best tax shelters to cut down on what you pay in for taxes.

Your home and it's standard mortgage deductions, your busiess properties with depreciation all chip in and work together to whittle away at your income tax exposure.To improve your bottom line.

Mortgage expenses, property taxes that can be deducted on your income final tally so you don't leave so many empty spaces and add to the forms and schedules attached to what you file with the IRS.

It all revolves around real estate and what is deductible for expenses and how you apply those deductions.

When the final number on what you still owe the feds and the state. Or may be lucky enough to trigger a return check in your name delivered to you for over payment and a refund of any size. Money back and not tapped on the shoulder to pay in is always a good feeling when you finalize your income taxes each early spring right?

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Mineral And Water Rights In Maine Real Estate Property Sales.

The calls and emails and letters from areas where they don't always convey in the real estate sale.

Minerals and water rights in a Maine real estate property sale, do they get transferred or retained? maine lake photo

In thirty six years and counting in real estate listing in Maine, I have only had two sales where a seller, grantor did not want to convey the mineral rights. And retained them. Because their grandfather or someone long since gone claimed there is hidden value in those hills.

Once the seller was declared imcompetent by his family and he was convinced there was gold and oil in the Maine land that the family wanted to sell. And that reservation killed the chances of a sale.

Because in Maine 99% of the time up to now, the mineral rights go with the real estate sale title. You get everything in those hills, down in the ground under the land acreage.

Bald Mountain and the thought that there was zinc and magnanese caused a stir, quite a buzz for a while back in the 1980's but the price to extract the ore was too high.

Market value killed the cashing in on the mineral deposits in that area of Northern Maine.

That is the one and only other time mineral right retention in a Maine real estate listing was a contingency of the sale.

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The Rent With Option To Buy Maine Home Buyer, What Can Go Wrong.

The calls, emails, texts come in and the question "got any rent to own, option to buy Maine homes available?"

The discussion moves on to a home for sale in Maine that we have listed and whether the property owner would consider a rent to own arrangement. kids parents boat harbor in maine photos

We have blogged posted about renting vs owning, rental homes in Maine before.

But this post delves into the beyond a month to month tenant at will that is free to come and go with usually a 30 day's notice. And the Maine home owner can give the same amount of notice to say see you later alligator.

Which works well when a listed home in Maine goes under contract to sell.

And the new buyer with his finger's crossed hoping for the key's please is planning on moving in the day of the bank closing.

We see lots of owner financing with Maine land purchases. Have set those seller carried installment sales up on property acreage in Maine for decades now.

With no pre-payment penalty and short term, five years or less generally and smaller purchase prices, not such a large nut to carry monthly mortgage payment.

But buying a home in Maine, and what happens when the purchaser can not get a mortgage loan. It means gotta wait, rent and save up or repair that damaged credit score, debt ratios and whatever is stuck to your financial report for burdocks.

That keep your buyer of a Maine home wannabe from pulling it off. Home sweet home happily ever after.

Or unless they can find a loved one related or not to put the property in their name because they have good enough credit to make the bank go thumbs up. Approved the loan and make everyone happen at a real estate closing.

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Off The Top Of Your Head, Just A Ball Park.

The real estate in Maine seller is asking for a ball park listing valuation over the phone.

Right now. Without the agent, broker, REALTOR seeing the property or what is happening aorund it that affects the listing value in today's market. The question comes up about just give me a ball park, won't hold you to it and right here and now, what's the sticks and bricks worth? Quick like a bunny like we tell the kid's when the Sand Man is waiting.MooersRealtySearch

Over the years the gut feeling and real estate instincts can kick in when pressed but seeing what we are selling, marketing means hold it.

Tour the property listing and look at what is happening across the street. Crank your head up and study those high tension power wires in the backyard. The car up on jacks. And consider the motivation, the time frame of the property owner's expectations. Lots goes into this real estate appraisal process warns Yoda.

When the other end of a real estate phone call or email starts to fill in the blanks, the hand goes up. Gonna take more than just a few responses to some rushed questions over the tin can and string. In the spur of the moment with a hurried email with just a line or two. Hitting send in a split second dash hurry hurry. And expecting ding ding ding, survey says (blank) to get the answer they want drive through quick.

Like people, every property is different due to the fix based location it is parked and the condition and supply and demand of how it plugs into the current real estate market.

Like a diamond, a precious gem stone what's it worth means gotta eye ball the place under the magnifying glass, like using the jeweler's loupe for a complete examination. Turn your head and cough.

Used to eyeball the up and down, sideways and the what's around the property listing story. Being toyed with listing a place means answers to hard questions. Lots of them. Taking very good notes during the asking questions.

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The Tone Of The Real Estate Blog Post, Conversation.

The tone of any conversation, whether a real estate blog post or a chit chat at a local diner.

Shooting the breeze about Maine weather. It can be free and easy, helpful. Even humorous but should be anything but tedious, tense.

Or to make the other end of the conversation receive bad vibes and to come away somehow feeling responsible. For being so dumb or thinking, saying something reacted to as so down right silly. small maine town photo

Real estate is the largest investment buyers and sellers make in their life time.

That is something everyone in the room would agree with right?

And buyers, sellers of real estate property listings don't find themselves in the transfer of a home, land, waterfront, farm or business offering all that often in life.

So there is a learning curve to real estate. And the professional guiding the buyer and seller is the one to set the pace. From what they have learned. Because they do this day in and out.

Spell out the expectations, address issues in the each unique real estate list and sell situation.

Without being snarky or with a layered, lathered on sharp edge tone of criticism or sarcasm. Or being so tight lipped or smug so it leaves everyone guessing, hanging, wondering.

Like the phrase you wait until your father comes home but this time you did not do anything wrong or deserve the man to man talk at the end of the day.

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