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Falmouth : Real Estate Advice

  • All19
  • Local Info2
  • Home Buying6
  • Home Selling1
  • Market Conditions0

Activity 11
Tue Apr 30, 2013
Jennifer DeSena answered:
Hi Rachel,

Thanks for you query into homes in Maine, and in particular, Falmouth.

There are a number of homes currently for sale with a minimum of 5 acres, and priced below $1,000,000 in Falmouth. Unfotunately, this forum does not allow me to send a link to the listing information for these homes.

I also know a few Brits who live in the Greater Portland area, and I am sure they would be happy to talk with you.

If you would like the listing information sent to you, have any additional questions, or would like more information, feel free to email me at Jennifer.DeSena@NEMoves.com.

Thanks again, and good luck!

Jennifer
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Mon Mar 17, 2014
Bruce Davis answered:
Using an IRA to purchase a home is a great alternative to conventional investments, however you cannot personally use the property or make improvements to it if it remains in your retirement account. There are numerous self directed IRA holding companies who specialize in distributing funds and paying bills associated with your real estate, as you cannot directly do so. I've e found the best source for information is through these different holding firms as it is not an oft used strategy and most accountants are not well versed in this technique. That said make sure you accountant is part of the conversation before you pull the trigger. ... more
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Sun Apr 22, 2012
Carole L. MacCollum answered:
Tue Mar 29, 2011
John Herrigel answered:
Good day Roxana,

It actually sold about 3 weeks ago.. sorry! Alas Trulia data is not always that accurate.

Just let me know if you would like to see some similar listings in the area at anytime directly from the MLS.

My email is johnherrigel@gmail.com or call anytime 207-6500-5383.

All the best and stay warm,
John
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Tue Apr 30, 2013
Renee Targett answered:
Hi Carey,
I am checking with our Falmouth branch of Empire Property Management, to see if there is anything available. You can call Michael Jacobson at 781-2958 on Monday. If there is nothing available right now, perhaps in the near future there will a home available.

Best ,
Renee Targett
Empire Property Management, Farmington
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Thu Mar 3, 2011
Tim Moore answered:
It's good to avoid the rent to buy pit fall. There are cycles in real estate and we are entering the cycle where renters are thinking they can get a break on buying after their credit has been damaged by going to the rent to buy. These so seldom ever work out right that they are best to be avoided.

Your approach is a fine one, not everyone should be a buyer and it is up to you to decide if it's right for you or not. If you are planning to move in the next 1-3 years, then you don't want to be burdened with the sale of a home that you have not owned long. Just to break even you need some equity in the house and you are not going to get much in this economy in 3 years. If you are planning to be around the same place for 4-5+ years, then buy, now is a great time.
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Sat Jun 4, 2011
Susan Moore answered:
Some owners are willing to participate in lease to own agreements. The answer tends to be property specific. There are some general questions that sellers consider.

1) What are the terms offered? I.e., do you have a downpayment with which to tempt the seller?
2) What is the seller's personal situation? Some sellers are comfortable being landlords, some aren't. Some can afford to hold their homes, some can't.
3) What is the buyer's reason for not simply buying now? Sellers are nervous that if you don't qualify for a loan now, you may not qualify a year from now. They will want to know that you have specific criteria from a lender and a real plan for being able to purchase down the road.
Most brokers know a seller or two who would consider leasing to own. I would suggest you get yourself a good buyer's agent and make proposals to specific sellers.

Susan Moore, Broker/ REALTOR
The Susan Moore Team
Better Homes and Gardens Masiello
76 TandbergTrail
Windham, ME 04062
(207) 615-1390 (cell)
(207) 893-2133 (fax)
www.susanmoore.masiello.com - visit me online!
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Sun Jan 2, 2011
CJ Dubois-Cote answered:
Hi Lerobeck,

The Stone Ridge Farm development is just off Blackstrap Road. If you'd like more information, please feel free to contact me directly at: CJ Dubois-Cote, Prudential Prime Properties, 207-615-1663 or cindy@prubay.com. I would be delighted to assist you. ... more
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Mon May 3, 2010
Ken Lambert answered:
Hi Mahesh- This is what I found. Seems right on...

http://realtytimes.com/rtmcrcond/Maine~Falmouth~johnherrigel

If you need any other help, please contact me anytime. Thanks,

Ken L.
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Fri Jan 29, 2010
Linda Gardiner answered:
Good question. It is not isted in the MLS system and there obviously is no contact information. The last sale I see was back in 2003 for 255,000. It may be a "rougue" listing. They sometimes have old, expired, sold or withdrawn listings that have not been taken off the sites. Or it could be a FSBO but again, without contact info could be difficult to track down since this is a condo complex all with the same address.
If you are interested in these condos I would still contact a buyer agent for more information and again, I do recommend Brenda Whitney at ReMax.
Hope that helps!
Linda Gardiner, ABR, Town & Country REALTORS
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Mon Mar 17, 2014
Dallas Texas answered:
Why rent make a landlord richer? Lease amounts can change over next 40 years vs. locked in rate for a mortgage with increase in value... I would purchase than lease any time. Besides you receive annual tax benefits.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
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