selling houses: Properties for sale Gray Maine and everywhere to be affected. - 05/20/08 11:05 PM
There is about to be a major change in investment property... that could put some people who don't plan in a very tough situation.
Freddie Mac has just released information regarding new cuts that become effective on August 1, 2008.  They are now restricting the number of financed properties a borrower can have to four total, including the subject property.  These are 1-4 unit(s) properties, and the current restriction is 10 total properties.
Another change that takes effect at the same time is a seasoning restriction on refinancing an investment property of 6 months.  Currently there is no restriction.
This will have … (0 comments)

selling houses: Houses for sale Gray Maine, selling a home in Gray ME - 05/20/08 12:26 AM
The most important decision you will make in the sale of your home is the REALTOR® you choose. Be sure to find someone you feel comfortable with. If you don't feel you can ask questions or go to your REALTOR®, you have the wrong person. Your REALTOR® should show you research to back up any recommendations. This includes information about recent sales, current listings, and recently expired listings in your neighborhood.
 
Watch out for agents who try to "buy" your listing.  This is when a realtor will tell you your home is worth a lot more than it is likely to … (1 comments)

selling houses: credit scores, how to improve b4 buying homes for sale, Gray Maine - 05/10/08 10:56 PM
Improving your credit can be a long process, but it doesn't always have to be. Beware of programs or people who claim they can make drastic improvements in a short period of time. I have done a lot of research, and there are some things that can help. First, did you know that your credit scores, the actual numbers are not figured by the three major credit bureaus (Experian, TransUnion, Equifax). The scores you receive are derived from companies that banks or lenders use to pull the information from the major credit bureaus, like Landsafe, or Birchwood Credit. These companies take … (0 comments)

selling houses: Houses for sale Gray Maine, selling a home in Gray ME - 05/01/08 11:34 PM
Thinking about listing your home for sale? There are many things to consider before selecting a realtor to assist with this process. WAIT, thinking of selling your house on your own without using a realtor. Check out my blog, "For Sale By Owner- the pros and cons" of being a FSBO (For Sale By Owner).
HOME VALUES or what your home is worth, is a big part of the equation. Realtors generally use what is called a CMA, Comparative Market Analysis. Similar in some ways to getting an appraisal done, but we are not liscensed as appraisers and there are no set … (0 comments)

 

Matthew Trudel

Gray, ME

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Five Star Realty

Office: (207) 657-2277

Mobile: (207) 939-6971

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