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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

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How to save your home from foreclosure

Foreclosure may be the hardest thing to deal with when it comes to a home. When a bank forecloses on a home there are legal and financial consequences that must be dealt with by the homeowner. One of the biggest consequences may be the emotional ramifications of the foreclosure event. For this reason, emphasis should be placed on saving a home from foreclosure. Here are some methods and tips for coming out of a possible foreclosure victoriously. READ MORE

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Signs you might need a new roof

Whether you plan to be in your home in Maine for years to come or want to try selling it soon, you might need to replace the roof before your wish can become a reality. But if you’re like many homeowners, you don’t exactly know how to navigate your roof, let alone figure out if it needs to be replaced. Here are a few signs to look for when determining if you need a replacement. READ MORE

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Tips for Moving with Pets

Moving with a pet can be stressful for you, and for your four-legged friend. There are plenty of things you can do, though, that will make things a little bit easier for your pet. That’s true whether you’re moving down the street or across the country. If you choose a place like Maine and you’re coming from a warm climate, you’ll also have to get your pet used to the different weather. It’s often best to plan your move when the weather is mild, but you may not always have that choice. READ MORE

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How to prepare for an appraisal

If you’re about to put your Maine home on the market, you’ll want to take some time to prepare for listing it. Through the process of selling the home, you’ll generally need to have an inspection and an appraisal. While that’s not the case in all sales, it’s the “norm,” and very common. Many people get ready for the inspection as much as they can, but few people give any thought to the appraisal. Rather than ignore it and just hope it works out okay, though, there are some things you should consider and you will also want to make sure it is “show” ready for the day that the appraiser comes by. READ MORE

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Tips for Rehabbing an Old Home

If you’ve purchased a lovely Maine home that’s older, one of the things you may want to do is consider rehabbing it. There’s a lot that can be done to make an older home more efficient, and to help keep the costs of operating and maintaining it down to a reasonable level. Some people are focused only on the cosmetics of their home when they rehab it, but others want to make sure they have a home that’s up to code and designed to be more modern, while still retaining the beauty of the older style and all of its charm. READ MORE

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Recent FHA Changes and How They Affect Buyers

Buying a house in Maine is often a combination of a lot of fun and a lot of stress. With that in mind, how you’re planning to pay for the home can affect how stressful it is to make your purchase. If you intend to finance your purchase and use FHA as your lender, there have been some recent changes you’ll want to consider. They can affect you as a buyer, so you need to make sure you understand what they are. One of the changes has to do with mortgage premiums, which have been recently lowered. That’s good news for buyers everywhere, as it will save them some money. READ MORE

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Fair Housing and Real Estate

In real estate dealings, it’s very important that everyone is fair to everyone else. Sellers want to get the most they can for their home, and buyers want to pay as little as possible. That’s completely understandable, and something worth carefully considering, but there are also laws that have to be followed with real estate transactions. Many of these regulations are based on fair housing laws, which are designed to ensure that people who work in real estate don’t allow discrimination in the purchase and sale of housing. This is also true with landlords, as they must rent fairly and without discriminating. READ MORE

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The Real Estate Upswing That Just Keeps Going / Maine Home Sales Up

Even with problems throughout the nation when it comes to selling homes, there are places where home sales are continuing to grow. Maine is one of those places, with sales rising more than three percent while sales throughout the rest of the nation went down by nearly five percent. If you’re in the market for a Maine home, the time to get one is now. As sales continue to go up, the prices for homes are also going to rise. The same is true about the interest rates. Before rates and prices go up any further, you’ll want to get into your great new Maine home. READ MORE