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Home Buying in Scarborough : Real Estate Advice

  • All26
  • Local Info2
  • Home Buying12
  • Home Selling1
  • Market Conditions0

Activity 11
Murphy Team, Real Estate Pro in Portland, ME
Fri Jul 24, 2015
Murphy Team answered:
In our experience, a buyer will see many properties and base their decision on their individual criteria. If the location is fine and the price is fine, then the buyer will take a look. A buyer will see many properties in these 2 acceptable categories. The third part of the equation is "condition". Your property should be the best choice of all the choices in your price range.

Buyers today have so much information before they see your place that they have already decided that the location and price are acceptable. Your "job" is to make sure that there are no objections for the buyers to overcome once they cross the threshold. This is where your agent is valuable. She can give you suggestions about de-cluttering, minimizing furnishings, cleaning, removing pet odors (by cleaning and not masking with air fresheners)...

Most buyers cannot be "sold" on a property by someone else no matter how skilled a sales person their Buyer Agent is. Buyers today educate themselves by being guided through many properties and deciding for themselves. They make the choice and you have to present the very best product you can so they choose yours.

We wish you success.
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Christopher…, Real Estate Pro in Tarrytown, NY
Wed May 6, 2015
Christopher Pagli answered:
Hi, Typically a bank appraiser may adjust the appraisal amount by 20k or so for being on a busy road. It will also depend on the buyer in question. Some buyers won't mind as much as others. It also depends on how the house is situated.

Christopher Pagli
Broker

Benchmark
100 Congress St
Portland Maine

914.406.9023
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0 votes 1 answer Share Flag
Gail Blanche…, Real Estate Pro in Buxton, ME
Mon Mar 23, 2015
Gail Blanchette answered:
Prepaying is great unless the contractor goes bankrupt or closes shop before the install date.
0 votes 6 answers Share Flag
Gail Blanche…, Real Estate Pro in Buxton, ME
Mon Mar 23, 2015
Gail Blanchette answered:
Cash is always nice but whether it helps you or not depends on the $amount and other terms. A seller may very well be willing to go with a buyer who needs a mortgage if they are offering a better deal! ... more
0 votes 8 answers Share Flag
Laura B Byth…, Real Estate Pro in Portland, ME
Fri Mar 21, 2014
Laura B Byther answered:
Hi Ann,
It is wise to not spend too much money in basements regarding return on investment.
Also, depends on amenities like ; daylight (full windows) and walkout (dog house not bulkhead)
So many aspects enter into it so it truly is subjective to other conditions.
I would be happy to stop by sometime and , take a look for you. cell 838-9990 Laura b
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0 votes 5 answers Share Flag
Jonathan Rob…, Real Estate Pro in Lewiston, ME
Sat Sep 7, 2013
Jonathan Robert answered:
Hello CarrieJo,


I will go the extra mile to get you approved in days.

Please call me tonight or anytime Sunday or Monday.


Thanks,

Jonathan
207 632 2110

Prudential Prime Properties
118 Maine Mall Rd South Portland, Maine
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1 vote 6 answers Share Flag
Kate Hodgson, Real Estate Pro in Portland, ME
Thu May 23, 2013
Kate Hodgson answered:
The mil rate in Scarborough is $13.8 and the average for the area is around $15.33 (depending on how far out you go. The surrounding towns are usual higher: Gorham is $16.30, South Portland is $16.50, Old Orchard Beach is $13.44 and Saco is $18.30. ... more
0 votes 3 answers Share Flag
Charlene Ham…, Real Estate Pro in Camden, ME
Mon Aug 13, 2012
Charlene Hamiwka answered:
Jeff is right - it does mean OTHER. We have certain codes for different rooms - KT, DN, LR, FR, MBR, 2BR, 3BR, 4BR, OT, OT2 - on the listing sheet

OT could be a bonus room, a 5th bedroom, a second kitchen or 2nd family room.. or any other room that doesn't fit the descriptions. We only have space to list 1 kitchen (KT) for example, so if there is a second kitchen in the house, that would be an OT.

Many times if you read the description of the property you can figure out what the OT stands for...
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0 votes 2 answers Share Flag
Dale Doughty, Real Estate Pro in Falmouth, ME
Mon May 7, 2012
Dale Doughty answered:
I strongly recommend that you contact someone to act as his buyer's agent. I see a couple of choices have already responded. A buyer's agent will have access to listings that meet your step-son's price range and will be an advocate for him during the shopping process.

If he needs any guidance on the financing end I would be happy to help him with that aspect. Maybe with the right financing he can afford a little more home and have even more properties to choose from.

Good luck!
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0 votes 3 answers Share Flag
Rick Beal, Real Estate Pro in Portland, ME
Tue Mar 1, 2011
Rick Beal answered:
Hello Wrights60. Unfortunately that property was sold on Friday and is no longer available. You can check the details on my web site below under
0 votes 2 answers Share Flag
George Spato…, Real Estate Pro in Portland, ME
Sun Feb 21, 2010
George Spatoulas answered:
Catherine,

As it was answered already, when a typical buyer buys a home, he/she "rents" money from a bank and the bank charges them a fee (Interest rate). At closing you do pay the seller with cash, either coming from your own account (cash) or your banks' account (mortgage).
It all depends in your situation, and every person has a unique set of circumstances, it advantageous to borrow some money instead of using your own cash. Your financial consultant is the best person to answer this question for you.
When banks "rent" you their money they want to make sure the house will appraise for the price you negotiate it or they will not give you their money, and you want to make sure it is in good condition (inspections). So you pay for an appraiser and you should pay for an inspector.

If you use your own money, you don't have to appraise it or inspect it but it is prudent to do the same due diligence and the bank wants you to do.

I live and focus in the Scarborough area and would be more than happy to work with you to find you your best home in your unique situation. I also can recommend a team of experts for you to assist you in the transaction.

Please don't hesitate to call me or email me at your convenience.

George Spatoulas
Google Voice: (413) MaineRE (624-6373)
george@uhofm.com
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0 votes 6 answers Share Flag
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