As real estate agents, brokers, REALTORS, you need to get on the other side of your office desk to be tuned in to Maine home buyers.To really be a service. To help them in making the move from apartment house to single family home of their own. With low mortgage home interest rates, a great property selection, it all translates in to now more than ever is the time to buy a Maine home.
So the feelings, thoughts a first time Maine home buyer has these days. Mainers live in a state that is 45th lowest in the nation for FSSR. (Foreclosure, short sale, reposession). Less than one percent of our sales in Maine test postive for FSSR. Nationally 25% of home sales are the garden variety FSSR fun and games to buy and sell. So Maine home buyers wannabees watching national media "experts" scare the country as a whole in to thinking wait, don't buy can become jittery, confused.
The thinking the Maine home buying real estate market is bleak is not true like other areas of the country.
Rural Maine's housing market, states like Vacationland are thriving with low cost, crime free area home buying options.Buyers are getting the wrong smoke signal from the national smudge. The USA does not have one real estate market condition.
Local Maine real estate agents, broker, REALTORS know the scoop on the local market. And in Maine, you can own a quality home in the $50,000, $60,000 price bracket. The median price of homes selling in Northern Maine is $80,000. Not $300,000 or $700,000 so no nose bleed monthly mortgage payment pressure for the first time Maine real estate home buyer.
Once a Maine real estate buyer watching the nightly news about the market in say California, Florida or Detroit Michigan, Las Vegas Nevada, Atlanta Georgia realizes it is not like that here in Vacationland, we start making serious home buying progress. Getting that Maine first time home buyer in to a bank, in front of a mortgage representative to look under the financial hood. To determine which of the many Maine home buying bank programs fits most glass slipper, best for the purchase. Maine State Housing Authority, MSHA offers a variety of home buying flavors. Taylor made to get the seller's keys to the first time home buyer's home slide across the long real estate closing table.
The first time Maine home buyer is concerned if he or she can make the monthly real estate house payment or not. I remind them the bank, financial lending institution would not be making the Maine home real estate loan if the monthly payments were higher than the debt ratios, income calculate they can handle. The bank does not want your home, for you to stumble and default. Banks need to lend money and in Maine go the extra mile to find house buyers the lowest cost home loan program, interest rates out there. Banks to consider for first time home buying in Houlton Maine.