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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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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 Not to Do When Selling a Home

When selling a home, it is vital that certain steps are completed, while it is advisable that other steps are not. In terms of selling your home, there are many things that can actually hinder your home sale itself and that will significantly hurt you and your bank account in the long term. The first thing that you must never do when selling a home is to have your pets around when prospective buyers are walking through your home. While your pets may be cute, not every prospective buyer will think so, and furthermore, if you have your pet around during the walk-thru process, the prospective buyer might not be able to think clearly about the sale and get frustrated or off track. Overall, it is best to keep pets out of sight when prospective buyers are looking in your home. The next thing that is absolutely detrimental to a home sale is stale smells, or otherwise, nasty odors throughout your home. Not only is it important that your home appears spotless when you are trying to sell it, but it is also important that it smells fresh and clean as well. Make sure there are no cigarette smoke odors, pet odors, or even worse, mildew odors lurking in your home while prospective buyers are there or it could negatively influence the sale. The next thing never to do when trying to sell your home is for the seller to follow prospective buyers around while they look through your home. While you may be in the vicinity, it is in bad taste if you follow every prospective buyer around like a hawk and become their shadow. In order to make a great sale, sellers must learn to let go a little bit and give prospective buyers some room to breathe, as well as some time to realize that they do in fact want to buy your home! READ MORE

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House Styles in the Portland Area

It is very important as a property owner or manager to get an idea of housing styles in your area. The reason for this is because of the fact that in order to sufficiently price the property accordingly or price the rental amount, you must utilize the other housing styles to get an idea of how much you can fairly charge tenants. The housing styles in the area can vary from different styles and this can change the price dramatically. If the housing styles in the area are priced above market value, then you can fairly price your specific property or properties above market value as well, and can gainfully get the price that you request. The housing styles in the area also make a difference to individuals who are looking at the property that you have for rent or that you are selling. People that are interested in a home are not only interested in the home that they will be living in, but they are also interested in the area around them as a whole. As the saying goes, people don’t just buy the house, they buy the whole neighborhood. It is important to have an idea of the area that the home you are offering is in. You must know the housing styles in order to convey to potential buyers or potential renters the type of area that they will be living in. People will get a greater sense of the area if you give them the insight into the housing styles that surround them. And, this will help you to easier sell the property or rent the property. And, you also want to ensure that the housing styles coordinate with the specific buyer is looking for. The housing styles can range from vintage to modern and if a potential buyer is interested in a certain type of home, it is best to point them in the right direction. The housing style will also be helpful in giving information to the potential buyers or renters about the type of furniture that they will need to get making the purchase a much more comprehensive and exciting one for the buyer or renter. READ MORE