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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

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Fun Portland Maine Events in October 2015

October 2015


Belfast Maskers/Cold Comfort Theater, see website for locations. The Effect of Gamma Rays on Man-in-the-Moon Marigolds, Oct. 930-7244

Celebration Barn Theater, 190 Stock Farm Rd., South Paris. Snafu, Oct. 24. 743-8452 READ MORE

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Pining for Maine: A celebrity haven

Maine is wild, beautiful and worlds removed from bustling metropolitan centers like New York City and Los Angeles. So it’s the perfect place for frazzled and sought-after celebrities to get away from everything.

Except other celebrities.

Maine has long been an escapist destination for the rich and powerful. More than 100 years ago, the Rockefellers helped make Bar Harbor the tourist mecca it is today. Giant summer “cottages” up and down the coast were built by captains of industry and power brokers. READ MORE

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What’s the difference between Owner’s Title Insurance and Lender’s Title Insurance?

Getting title insurance for your Maine home is important, but if you’ve talked much with your real estate agent about what’s required, you may have heard both owner’s title insurance and lender’s title insurance mentioned. It’s true that there are two different policies, but many buyers wonder why it’s necessary to have both. The reason is because of the way the policies are structured, how long they last, what they cover, and who they protect. As their names indicate, the owner’s title insurance protects the buyer, and the lender’s title insurance protects the bank or mortgage company. READ MORE

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What’s the difference between a regular title insurance policy vs. enhanced?

A Title insurance policy is very important when buying a home. If you’re looking at all the beautiful Maine real estate and considering making the state your home – or the location of your vacation home – you’ll want to make sure your interests are protected. Additionally, the lender that gives you the mortgage on your home will also want protection, in the form of a title insurance policy. All polices are not created equally, though, and you will need to decide between a regular title insurance policy and an enhanced policy, depending on your specific needs. READ MORE

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What is a home warranty? Do I really need one?

If you are considering buying a home in Maine, you should look into buying a home warranty along with it. The point of a warranty is to ensure that if important parts of your home need repairs, you won’t have to pay full price for them. Before you buy a home warranty, you should get to know how it works and whether you would benefit from it. READ MORE

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What is cap rate and why does it matter?

Capitalization rate, which is usually called the cap rate, is a term that is commonly used in the investment real estate industry. The point of it is to figure out the total worth of any properties that are bringing in income. Essentially, the cap rate tells you how long it will take to break even on this purchase. If you are considering buying any type of investment property in Maine, you should learn a bit about the cap rate and why it should matter to you. READ MORE