$35,000 ME Home Sale Excitement?
The size of the Maine home sale can be $35,000 and I get excited. Why?
Those are the meat and potato sales, often without a bank needed. And the folks who pay cash for the Maine homes, properties are interesting, well traveled too.
The latest $35,000 Maine home sale to the nicest Alaskan house buyer. She tossed us emails, made calls, watched videos and finally got here to purchase a Maine property.
The one she had already toured many times before even getting here thanks to real estate videos.
Videos that work hard around the clock. Beaming a signal to where ever the real estate buyer is on the blue and green revolving marble. Have enough of the smaller sales and they add up. More buyers and sellers dealt with and lots of Maine real estate “sold” signs pop up too.
Folks in the local area begin to realize we are fishing for buyers way beyond the town limits. Marketing properties in deeper waters way way off shore where the bigger, more fish are.
And resale down the line when the places get fixed up, re-listed to sell happens. I figure the smaller sales get my foot in the door and cause other sales over the years to roll in. Like a property listing avalanche.
One old axiom I learned early on in a 31 year real estate career is the higher the price, the thinner the buyers. More people can afford the lower cost Maine properties. And often the seller of land in Maine can owner finance, take back a mortgage too. Saving the real estate buyer money by avoiding a bank’s overhead closing costs, avoid their higher interest rates too.
So I get excited about the $35,000 house sales that get us to the real estate closing without a banker needed.
Less cooks in the real estate kitchen mean more apt to close and quicker settlement dates when they do. The money that gets used to purchase the Maine home is saved, or inherited from family. Or from an accident settlement. We have even had real estate buyers who were million dollar lottery winners. Elected for the 20 year pay off, one yearly check that we help them build a purchase of real estate around so buyer, seller are both happy.
Some banks won’t do loans for homes priced $35,000 and under. Figuring it is not worth the paperwork for what they make on the smaller but just as time consuming real estate deals. Or the assumption that for that kind of little money, the place must look like a bomb hit, be a basket case home. Not in Maine. Quality homes for less. A home equity on the out of state home is sometimes the bank used to purchase the Maine low cost home outright.
Check out our real estate videos. Ask lots of questions about the area, property, anything. That is why we are here. Our FAQ video especially helps answer lingering questions that need to be address. Especially the myths about Maine you hear about from someone who has never even been here. But is an expert just the same. Maine, big state, friendlier people, down to earth, hard working folks dot the rural communities. Get here quick as you can.
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