Buyer Tips

June 25, 2017

Where Do Sellers Get the Listing Price for a House?

 

Question: "I have been looking at houses for sale in coastal Maine, and I see that most of them include a listing price for the property. How do the sellers come up with the listing price for a home, and is it always negotiable?"

Let me start with the ...

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June 17, 2017

Common FHA Appraisal Red Flags

 

FHA financing currently allows home buyers to purchase a home with 3.5% down. This is a great opportunity for buyers to get into a home with a small down payment however these FHA loan product comes with more restrictive appraisal guidelines than conventional loans. 

We meet many ...

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May 12, 2017

Benefits of Getting Pre-Approved for a Home Loan in Midcoast Maine

During the mortgage pre-approval process, a mortgage lender will review your financial situation to determine whether or not you’re qualified for a loan. If you do appear to be qualified, they’ll also give you a maximum amount they are willing to lend. It’s a worthwhile process for several reasons.

Benefits of getting pre-approved for a home loanHere ...

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May 8, 2017

House Hunting in Midcoast Maine: 10 Tips for a Smoother Home Search

House hunting in Midcoast Maine is one of the most exciting parts of the home buying process. But it’s also where a lot of first-time and repeat buyers make mistakes. Without a solid plan in place, the house hunting process can be a lot of effort with little reward. That’s ...

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March 12, 2017

A Couple Basics of Buying a Financial Distressed Home

A Couple Basics of Buying a Financial Distressed Home

Foreclosure is an unfortunate experience for the homeowners who are involved in the process. Nobody wants to lose their home. But it also represents a unique investment opportunity for home buyers. In fact, buying a financially distressed home often means that you can get the ...

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