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Top Things You Can Do Before Listing Your Southern Maine Home for Sale

Here’s a checklist of things that you should do before you ever list your home on the  market:

Beautify your home. The cleaner, prettier, and larger your home looks, the higher the offer price will be. So give your home a makeover by doing such things as trimming your front hedges, cleaning out the gutters, mowing the lawn, and giving the exterior/interior a fresh coat of paint. READ MORE

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Maine Condos vs. Single Family Home vs. Multi-Family

Single-family home:

Benefits: A single-family home may be spacious or small, but generally offers more than one bedroom and bathroom and some sort of outdoor space. Unless you are in a private community, single-family homes do not come with homeowners association (HOA) fees and you can choose the exterior design and style of landscaping. This type of flexibility can be great for someone who likes do-it-yourself projects. Or, if you have the funds to hire a landscaper, snow removal services and repair personnel, you can live in a single-family home comfortably. READ MORE

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Myths & Misconceptions in Today’s Real Estate Market

Myth #1: Sellers should still price their home higher than market value to allow for negotiating room.
Truth: Pricing too high is a big mistake. If your home is overpriced in this current market, then agents showing your home might use your property to sell one of the other properties currently listed and in competition with your home. READ MORE

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Buying Investment Property: What to Look for in a Realtor

When it comes to purchasing investment property, there are many different considerations. Price matters, certainly, but location, condition of the building, and what you plan to use the property for are all a part of the decision-making process. With that in mind, real estate investors shouldn’t try to find and buy properties on their own. It’s much safer to work with a good Realtor who can provide listings and information for all the real estate for sale in the Portland Maine area. READ MORE

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Community Highlight: South Portland

Spectacular South Portland is a growing city in the state of Maine in the United States of America. As of late, South Portland has been growing exponentially and seen both an influx of businesses as well as many people coming from all over the world, moving and settling there. South Portland is getting more and more popular due to its beauty and old world charm. There are lighthouses surrounding the city as well as sparkling waters where ferries float on a daily basis. South Portland also has great weather. Most of the time, the weather is cool and mildly sunny with light breezes due to the close proximity to water. READ MORE

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Being a REALTOR

Being a REALTOR® can be difficult. In today’s declining real estate market, the prices of real estate are going up and sales and prospective buyers are going down. There are just not enough people who are able to qualify for the mortgages offered these days to fill all the real estate available. If you are still intent on being a REALTOR®, then you must realize that it is a people business as well as a numbers game. Being a skilled REALTOR® is all about your network and noticing key elements about the real estate in general in order to convey these elements to prospective buyers. A REALTOR® must be keen on finding what benefits the property has according to a prospective buyer’s lifestyle and personality. A REALTOR® must be able to read people as well as read real estate and determine answers based on these assumptions. At the end of the day, being a REALTOR® is just like being a business person. Any good REALTOR® must work very hard to make a substantial income and this includes long hours and tedious searches for prospective buyers as well as valuable real estate that is on the market. A REALTOR® also must watch the real estate marketplace as a whole, noticing trends and statistics and studying them very carefully. At any moment, the real estate market could go up and then at any moment, it could also go down. A good REALTOR® watches out for these trends and is able to gauge where the market is at any given time. Being a REALTOR® is similar to having your own business in that you must always be looking for the next great opportunity that is around the corner. Don’t ever think that being a REALTOR® is easy, but for many, it is very rewarding. All of our real estate agents here at Green Tree Realty are also REALTORS® and that means that we all adhere to NAR’s code of ethics and standards of practice. So, if you are looking to buy or sell a home, please consider hiring one of our qualified REALTORS® today! READ MORE

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What Are Property Taxes?

Property taxes are necessary and anyone that owns a home or property must pay them. There are different taxes in regards to the property that is owned. For instance, there are specific property taxes for improvements to land which are properties that are man-made and cannot be moved which usually include buildings, then there are specific property taxes for land properties, there are also certain property taxes for personal property which include man-made properties that are able to be moved, and then other property taxes for intangible properties which are incorporeal properties. A special assessment tax is not the same thing as a property tax, a special assessment tax is a charge that is enforced by the government in regards to public projects that include any type of real estate parcel. Property taxes are usually stated in a percentage form and can be calculated simply by taking the entire assessed property value and then multiplying that by 1,000. Along with percentage rates, property taxes are given in the form of per mil which is the rate in thousandths. The reality is that property taxes are not the same in every country and each country has different rules and regulations for property taxes. For instance, the country Greece has 5 different property taxes, while the country Australia has property taxes that are referred to as property or land rates. Countries such as Hong Kong has a property tax that is actually classified as an income tax and in the United Kingdom, there is no property taxes on residential properties. In the United States, property taxes are determined by the government, either at the municipal or county level. The property taxes in the United States are usually around .2% to .4% of the value of the property or home. Property taxes in the United States go to the supporting of things such as free medical care, police, fire, schools and much more READ MORE