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Maine : Real Estate Advice

  • All68
  • Local Info1
  • Home Buying41
  • Home Selling11
  • Market Conditions1

Activity 637
Tue Jul 24, 2012
Alison Hillman answered:
Hi Barbara,

Which property and apartment are you referring to? I need a bit more information and I would be happy to help!

Ali, Community Manager
0 votes 1 answer Share Flag
Wed Mar 12, 2014
Greg Miller answered:
24 transactions in 2013 in the greater Houlton area
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Fri Dec 21, 2012
Troy Williams answered:
Hi Jason,
This area does very well with vacation rentals. The rental rate is determined primarily by the number of people the house can sleep i.e. 3 bedrooms VS. 4 bedrooms. The other factor is the age of the home and condition along with any amenities you have (outdoor shower, deck/patio, air conditioning, premium cable TV etc.).

Using the assumption that you have an average home in this location, with 3 bedrooms & 2 full baths, basic amenities and parking for 3 cars, I would estimate a ball park weekly rate of $1,750 - $2,400 if you're on the east side of Ridge Road and $1,400 - $1,950 if you're on the west side of Ridge Road. With these rates, I would expect you to book all of July & August and then if you drop the rate for the "shoulder" seasons (May, June and September, October) I would expect you'll rent a fair number of those weeks too.

If you hire a rental manager, you can expect to pay 20% +/- depending on whether they include cleaning, repair services, linens etc.

Good luck with your new venture!
... more
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Wed Aug 16, 2017
Patricia "Pat" Aureli answered:
Hi Maureen, I don't think you need to be worried that there are a number of these cottages currently for sale. Cautious yes, but worried no. This is a fairly large seasonal community (which always means a certain amount of turnover) and it's summer -- a great time of year to be selling a beach area cottage and certainly to purchase one too. The pricing varies because the year these cottages were built varies: some are older, some are newer and also the amenities such as countertops, flooring, number of bedrooms or baths may vary from cottage to cottage. The best thing to do is to contact a real estate professional, set up an appointment to see the cottages first-person and chat with some of the owners in the community. They will give you good feedback about whether they are enjoying living in or owning their cottages. I'm a real estate broker with Coast & Dream Properties located in Wells and I'm available to meet with you and show you these or any other properties in the area. Please give me a call at 207-251-4566. ... more
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Thu Jul 19, 2012
Tim Moore answered:
What do you mean? List the same info 3 times where? What? Link it so we can see.
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Tue Jul 17, 2012
John Snyder answered:
Here in Maine, an owner can ask you for 1 or 2 months security deposit plus 1st month rent. Or some combination of the above such as first, last and one month other words, three months rent to move in. That is the legal maximum. ... more
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Fri Nov 23, 2012
CJ Dubois-Cote answered:
I can assist you in finding a lender to finance these seasonal cottages. Contact me directly at:

CJ Dubois-Cote, Prudential Prime Properties, 207-615-1663 or
0 votes 5 answers Share Flag
Mon Jul 9, 2012
Ron Thomas answered:
It sure sounds like you never had a Realtor to protect your interests.

Now, you can hire a lawyer to retrieve your lost interests.

We have a lot of questioners asking why they should get a Buyer Agent:

Good luck and may God bless
... more
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Sat Jul 7, 2012
Suzanne MacDowell answered:
Find a realtor who has experience with these types of properties. The banks will not sell them directly to a buyer, they always list them with a realtor and since the seller, in this case the bank, pays the realtors' fee you would be well advised to use their services. After all free is good, right? ... more
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Tue Nov 13, 2012
Charlene Hamiwka answered:
Hi Melissa,
send me your phone number and we can set up a time to talk about your options.

my email is
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Fri Jul 6, 2012
Terry Driscoll answered:
John, are you asking how far to a grocery store if you live in West Bath? If so, that is an "it depends" answer. Parts of West Bath are 3 minutes from the Shaw's in Bath, but there are peninsula's where you could be 20 minutes from the grocery store and WalMart or Merrymeeting Plaza in Brunswick may be closer . Are you looking at a particular home? ... more
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Thu Jul 5, 2012
Diana Downs answered:
Hi Ginny,
There are quite a few newer homes in the Bangor area that would suit your needs. If you could give me a few more "must haves" I could narrow it down a bit for you. Please feel free to contact me.

Diana Downs, Realtor®
ERA Dawson Bradford
417 Main St., Bangor, ME 04401
C - 207-735-6988 F - 207-941-9866
... more
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Thu Nov 14, 2013
Liam McCoy answered:
Hi Linda,
What block are you referring too? Can you reference a nearby street off Broadway?
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Mon Jul 2, 2012
If the agent told you it could be rolled into the loan it doesn’t sound like they are qualified to be called a buyer’s rep. Okay, if you get past that issue, you could make payments to the agent but it can’t be secured by the house. Hope this helps, good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
... more
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Mon Jul 2, 2012
Margaret Mitchell answered:
Hi Dyzart - To answer that question, you have to put it in context. If you mean assessed value, it would mean that market value matches assessed value on average. Hard to do since the market is constantly fluctuating.
But if you expand the question a bit, I will try to give a more thorough answer. Happy 4th!

Margaret Mitchell

Coldwell Banker Yorke Realty
529 US Route 1, Suite 101
York, ME 03909
Office: 207-363-4300 X107 Cell: 207-752-3489
... more
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Mon Jul 2, 2012
Jill Huard answered:
What is your price range? I have a 2 bedroom apartment, heat, sewer & water included. No pets, no smoking. $700. Very clean, ful kitchen & bath, second floor.
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Mon Jul 2, 2012
Lil asked:
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Mon Jan 27, 2014
xceptnl320 answered:
There is a dog park across the bridge in Portland, about 3 miles away and Hinckley Park is at the end of the Street. Willard Beach is about 2 miles away.
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Wed Jun 27, 2012
Click back on your profile and hit the edit button. Your options will come up
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