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Qualifying for a Loan: What do I need to qualify? What can I do if my credit sucks?

Purchasing a brand new home is an exciting time. There are a lot of decisions to be made during home shopping, such as deciding if you want a cape style home on several acres or a townhouse in the center of town. Prior to looking at homes with your real estate agent, you should seek out approval for a loan. Here is what you will need to get qualified and how to prepare. READ MORE

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How to Buy a Home With a Low Down Payment

If you want to buy a home and do not have much cash upfront for a down payment, don’t worry. You can likely still buy the house you want in Southern Maine. There are a few ways to do this without having to pay the typical 20 percent down payment. Before you start adding up the upfront costs of buying a home in Maine, you should check out a few types of loans that allow you to keep the down payment to a minimum. READ MORE

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What Does “Sold As Is” Really Mean?

As you browse homes for sale in Southern Maine, you might see the phrase “sold as-is” on some property descriptions. This is most often seen on foreclosures and short sales. Before you make any decisions on whether to buy a “sold as-is” property, check out what this phrase means for most home buyers. READ MORE

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How to decide between a fixer upper, a pre-built home or new build

Greater Portland has so many great homes to choose from that it can be difficult to narrow your options down to one. In particular, it’s hard to decide whether to buy a brand new house or an existing home. And if you go for the latter, it can be difficult to decide whether to get a fixer upper or stick to a house that’s already in good shape. Before you make this decision, there are a few factors to consider, because each option has pros and cons. READ MORE

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What Happens to the Real Estate Earnest Money Deposit?

Buying a house involves paying some fees before your mortgage payments even begin. It’s common to be a little confused about what money goes where, with the earnest money deposit being one of the most mystifying fees in the home buying process. Here’s what you need to know about your earnest money deposit before you take the steps to buy a house in Southern Maine. READ MORE

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When is the best time to list your home in Maine?

If you’re thinking about putting your Southern Maine house on the market, you might be wondering if it’s the right time to do so. If you’re not confident that you have made the right choice regarding when to list it, you could end up second guessing your decision when it doesn’t sell right away. Save yourself the stress by getting to know the best time to try to sell your house in Maine. Then hire a listing agent who is experienced at selling beautiful Southern Maine homes like yours. READ MORE

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Selling Your Maine Home, What Stays and What Goes

The only negative about moving in the great state of Maine is the cringe-worthy packing process. If you are transitioning from one Maine home to another, it is best to bring along only the things that you are sure you need to start your life in your new space. If you need more definitive advice for selecting the things that you toss and the things that you pack on the truck, read below for some tips. READ MORE

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How Much House Can I Afford?

There are numerous calculators available that try to tell you how much you can afford to spend on your new home, but they’re not accurate for everyone. That’s because each person’s situation is unique. So before you buy that beautiful lake home in Southern Maine that you’re pretty sure you can afford, consider the following details to make sure you truly can pay for it. READ MORE

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Should You Buy Before You Sell?

Whether you are a natural risk taker or someone who prefers to err on the side of caution, home buying and selling will always be a little bit of a risk. The real estate market has its ups and downs and as a seller and buyer, you want to capture the market when the pendulum swings in your direction. Maine’s home sales have gained strength and buyers are now more capable of securing mortgages for the homes that they desire. If you are thinking of selling your own home and buying another you may be in the precarious situation of deciding whether to sell your home first or jump on a good, new deal. READ MORE

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Understanding the new TILA Rules

As you look for a home to buy in Maine, you should be aware of some changes in the real estate world as of 2015. In particular, the TILA-RESPA Integrated Disclosure Rule went into effect in October, and it changes some of the paperwork that you will encounter when you buy a house. With the new rules expect some delays. The average closing with the new rule is approximately: 45 days. Fortunately, the change is positive for homebuyers, but it can be confusing. Here’s what you need to know about this new rule. READ MORE