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Home Buying in Bangor : Real Estate Advice

  • All51
  • Local Info3
  • Home Buying10
  • Home Selling5
  • Market Conditions1

Activity 17
Wed Dec 23, 2015
Terri Sleeper asked:
Thu Dec 4, 2014
Lisa Caron answered:
I am happy to help you. My office is in Bangor and my husband and I are well versed in investment properties. Give me a call 207-745-5568 or email me at I am happy to help. ... more
0 votes 2 answers Share Flag
Thu Nov 20, 2014
CC answered:
No contract means you have no buyers agent. You should never have a buyers agent with the agency that sells the property no one can serve 2 masters. It is also financially foolish in most cases unless you are a proffesional buyer of R/E. Think about 12% commisions that is a lot of money to have to make up because the buyer is actually paying for both agents in reality ... more
0 votes 17 answers Share Flag
Wed May 14, 2014
Brian Kurtz answered:
Open houses are a bit of an enigma. Let's consider 3 key factors:

1) If you do the quick research, you'll find that only 1% to 2% of homes are sold because the buyer came to the open house, liked it, and decided to buy it. That's a dismally small percentage.

2) On the other hand, in a survey conducted by NAR, fully 45% of home buyers surveyed said that an Open House was a source of information used in their search for a home.

3) Agents primarily conduct open houses to meet buyers and to keep sellers happy. Once the listing contract is signed, there isn't much a seller gets to "see" the agent doing to get the home sold. Holding an open house is the most "visual" thing an agent can do to convey to the seller that they are working to get the home sold. So agents will do them to please sellers. Especially the ones who are overpriced.

So let's summarize. Let's say that you were told to go to work every weekend for TWO YEARS (in addition to working all your normal hours through the week) but that you'd not get paid to do so except for ONE of those 100 weekends. Would you do it? Probably not. Agents do open houses to meet buyers primarily.

Buyers DO use the open house as a source of info that factors into their buying decision but since they don't typically buy the actual home being held open, they are using that information to help them buy a DIFFERENT house!

Why would you want to get kicked out of your own home for a weekend afternoon, have unqualified people tramping through your home, and even the "real" buyers only using your home as a source of comparison for the home they that eventually WILL buy?
... more
0 votes 8 answers Share Flag
Wed May 14, 2014
Murphy Team answered:
Your loan is made and approved based on your current situation. What you "might" do in the future has no bearing on the loan today. The term the bank uses is "snapshot in time".
0 votes 3 answers Share Flag
Wed May 14, 2014
Murphy Team answered:
Yes, it probably is. A Buyer Agent will be able to assess that situation exactly. If you do not have one, you should get one
0 votes 9 answers Share Flag
Sun Apr 27, 2014
Ruth and Perry Mistry answered:
Hi T

Thanks for your question.

May want to work with a larger bank such as Citibank, Wells Fargo etc, or contact a Mortgage lender
in Maine who does loans all over the US

It appears you are working with a smaller or regional bank, that is chartered to "fund" locally.

Good luck
... more
0 votes 5 answers Share Flag
Sun Apr 27, 2014
Lesley Moose answered:
The commute would not be difficult - most of the travel would be on I95 - which is very well taken care of. Give yourself extra time in inclement weather.
0 votes 6 answers Share Flag
Tue Feb 25, 2014
marcoflores94 answered: is owned and registered by Wayne Vaughan of Presque Isle and Clermont FLA. Mr Vaughan is the owner of Maine Rentals and Investments in Presque Isle. He has been in the real estate business in Maine, FLA and GA for 30 years according to a ZoomInfo page listing. You could try him at 207 768 8868 to verify information.
Always risky to send SS# and other personal identifiable information via email. would not recommend it, send it via USPS.
... more
0 votes 2 answers Share Flag
Fri Nov 1, 2013
Gina Letourneau answered:
Give us a call at 207-795-9633 and we can connect you with a broker in the area you are looking to move to. Thank you!
0 votes 10 answers Share Flag
Tue Sep 24, 2013
Lisa Caron answered:
Without some additional information your question probably can't be answered correctly. I sold my home to a family from Colorado a few years ago. They had the wife come and get the house exactly as they wanted re: painting etc. then just before the school year started the rest of the family came, enrolled in the local school and everything was smooth. I don't know of anything that prohibits the amount of homes you own so if you are pre-qualified for purchasing a second home or if the sale is contingent on the sale of your home in Texas and will make the Maine home your primary home you should be all set.
Start searching for properties that you are interested in....If you are interested in having me help you find a home I can video tape a walk through for you so you can see and have that same feel as if you were walking the house yourself.

Hope I've helped a little. Lisa
... more
0 votes 2 answers Share Flag
Wed Apr 3, 2013
Brendan Fontaine answered:
Brittany -

I just answered another question of yours. I am here in Maine. Its impossible to answer your question without knowing more about you and your husband but I will tell you that our average Maine purchase loan closes in 23-25 days and I do many loans in Bangor. I can help you form a trusted team of reputable Maine professionals and based on your questions, I believe you need some trusted advisors in your corner. I am available 24/7 on 207-370-5363. ... more
0 votes 5 answers Share Flag
Thu Jan 31, 2013
rwperris answered:
i give up 29.00 and i have not seeing one home and i guess that the way you treat a100% disable vet
0 votes 6 answers Share Flag
Sat Nov 12, 2011
Diana Downs answered:
The V.A. website has lots of good information. The best thing to do is to talk to a local lender who handles V.A. loans. I'd be happy to send you some local contacts if you want.

Diana Downs
ERA Dawson Bradford
417 Main St., Bangor, ME 04401
C - 207-735-6988 F - 207-941-9866
... more
0 votes 2 answers Share Flag
Mon Sep 5, 2011
Charlene Hamiwka answered:
Hi Pam,
the tax breaks have expired, but Maine State Housing has some programs in place to assist with first time home buyers. They have the "gift of green" which will provide money to assist with closign costs and they also have a first time home buyer program. There are income limits for eligibility. their website is

Also for USDA/Rural Development loans, certain areas of Bangor and Orono are ineligible for RD loans, but pretty much anywhere else in Penobscot county will qualify. You don't say where your son is looking to purchase, but he can check availability on the USDA site. the link is

If I can be of assistance, let me know.. good luck to your son and his fiancee! it is a great time to buy a home!
... more
0 votes 3 answers Share Flag
Sun Jun 6, 2010
jjohnson106 answered:
still struggle with this, buying in Maine, will be paying cash. I understand if we want a home inspection, title clearance costs, our lawyer's costs..what will the state of Maine charge us of the cost of the home? ... more
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