The Worst Advice We’ve Ever Heard About Maine Real Estate
Bad real estate buying, selling advice, where does it come from and would winging it work better than being steered down the wrong path?
When talking real estate, a property that is the biggest asset most folks ever wrestle with to buy or sell. Or just pay off because of the cost to pull off the purchase and juggle all the other monthly household bills.
The worst advice I have run into with real estate when we list a property that expired from another agent.
One home with a sizable chunk of land surrounding it was a pretty place.
Large square footage home and over sized garage.
The couple had no kids and poured the money that usually goes into rearing them into the sticks and bricks instead. No thought of resale but strictly home enjoyment ruled the day.
But the pair decided let’s sell the home here in Maine and pick one up in sunny Florida. Change of plans, the shifting gears of life put into play. Thinking something this nice for a property listing for sale should not sit on the local Houlton Maine real estate market for long.
The real estate agent that took the property listing made the first cardinal mistake. Not telling them the real value based on a sneak peek at the comparable house sales like it. Over priced properties don’t sell, ignore the current market value.
With the gander at what is on the market competing for buyers for homes and land pretty similar to this one on the real estate chopping block. Added in with all the other motivating factors that lead up to the let’s list our Houlton Maine home.
So over priced, giving the house and in Maine a listing price in the nose bleed section of the MLS property bleachers. (Loud buzzer)
Let’s move on to the marketing of the property with a bloated, never going to appraiser using a bank loan to buy.
If a Maine home mortgage lender is brought on board to get everyone to a real estate closing for the pass the keys please.
Next, the MLS image gallery provides for thirty five slots to fill. With specific detail needed to help the buyer of homes looking for a place know how this one is different than that last one.
Empty sockets, no photo for the marketing take off is like running an airline with empty seats.
After lift off as you look around the cabin. Everyone belted in snug as a bug. You want and need someone sitting in every seat for the pretzel snack, slurp of soda and in flight movie. Please have your two dollars, exact change ready for the cabin steward or stewardess to purchase plastic bagged ear phones. As he or she tries to make their way, struggles up the aisle with the over sized drink cart.
Strike two (another loud buzzer sound) because six photos was all she wrote or uploaded to go with the room and bath count, all the yes, no and maybe check offs. Mandatory for a the Maine mls property listing upload and number assignment.
The write up was skimpy even though the property was pretty elegant. Had lots of special features to highlight to help sell the sizzle not just the steak.
As the shelf life DOM increased on the property listing in Southern Aroostook County, the seller wondered why are we still here waiting?
Rather than going through the check list for moving, relocating to a replacement home with new GPS coordinates in another state? Being in limbo is no fun and like treading water for a long long time. Your arms get tired. Hope grows dim.
So when the calls are going into the Maine real estate agent not coming back the other way around, the seller is told to drill a well. That the dug well that works fine is what must be keeping a sale from happening.
As if one by one home buyers were overlooking the bells and whistles and zeroing in on just the water source. Dug wells are typical and adequate in Northern Maine for home sales. Pass the test, have the quantity and quality and the green light comes on.
So the Maine home seller anxious to get out of Dodge drills the new well a considerable distance away from the house.
Never hooks it up but can now proudly say we have two water sources. Wet your whistle, pick your pleasure Mr Houlton Maine home buyer. Knock yourself out. Got you covered on out of the ground water work options.
Home lingers, languishes on the market, years go by, the silent salesman real estate sign out front fades. Gets hit by a snow plow and is left up cock eyed and dented badly. I noticed, bet potential home buyers did too traveling by.
We get the call to ask would we list our Houlton Maine home. Sure.
And often it is like lifting the white sheet, checking the toe tag and taking very good notes. After asking some key questions and study of the marketing so far.
The comparable market analysis showed an over priced listing and the price locked in, rusting in place. The owner said they were motivated to sell and I explained the purchase price for the World to see did not reflect that attitude.
Second the drilled well was not the cause of the sale not happening during the long multi year listing period.
The giant glowing , humming power lines, steel cable guy wire supports running to the ground from high over head the property were.
Stray voltage, the towering large poles and the eye sore made all those extra home improvements money flushed down the drain.
So why doesn’t my Houlton Maine property sell?
It is not tell me the seller what to spend money on to correct a situation but price the property in Northern Maine correctly going in. The expectations of the seller should be provided by the real estate professional in Maine guiding the process.
Another source of bad advice for Maine real estate buyers comes from folks out of state where the prospect is.
Telling them horror stories about Maine weather but neglecting to relay the source has never set foot in Maine. Ask the local who lives here those community questions. Maine has no polar bears people.
More FAQ about Maine addressed in a video.
To get the Maine listing to the real estate closing as quickly, smoothly and without added cost as possible. That is the mission and why what we do is a honor, privilege to provide real estate service to buyers and sellers of Maine property listings.
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MOOERS REALTY 69 North Street Houlton Maine 04730