Deborah Barouch
Displaying blog entries 101-110 of 129
Do you want to know what homes are selling for in your neighborhood? We will send you a free report once every two weeks? It is a cool new tool called "market snapshot"
Do you want to know what homes are selling for in your neighborhood? We will send you a free report once every two weeks? It is a cool new tool called "market snapshot"
Barouch & Company has a great new listing on the market.
Introducing 31 Farwell Ave. Cumberland, ME:
Enjoy the convenience of village life in this popular Cumberland Center community.
This home is well situated at the end of a street in the heart of Cumberland Center. It abuts an area of much higher priced homes. It is on an oversized lot so it is poised for expansion if desired.
This property has 4 bedrooms and 2 baths. It has hardwood floors and a single 1 car attached garage. Priced for sale at $225,000.
Last weekend I spent with buyers from PA who are relocationg back to Maine. They are both originally from Northern Maine and wish to be closer to family. Now a job transfer allows them to come back to Maine.
They have 2 children 7 and 10 years old so good schools were a priority. They have friends in Falmouth and Cumberland and felt comfortable with the excellent school sysytems
We viewed homes built by several builders and several listings that were only a few years old. We also interviwed [personally two builders] and selected one.
They opted for a home package in Oxford Woods in Falmouth. Since it can take 6 months plus to build out, they are trying to get their dream house plans put to gether quickly.
It was an intense weekend but I think they felt satisfied to have seen almost everything avasilable.
MREIS PRESS RELEASE - HOME SALES IN 2008: Single-family existing home sales in
We have been very busy in recent weeks showing property to out of state buyers.
Yesterday, I was out for a second time with a buyer from who is in the final round of job interviews with a major corporation. He has multiple homes[West Coast etc.] and would like to purchase an urban contemporary city condo. He is looking for views, amenities and a neighborhood close to restaurants, theaters etc. He absolutely required a garage and an elevator building.This narrowed down our choices considerably. We found one building in particular, that really seemed to meet his needs.
Last weekend, I was with a women from the New York area who is planning a second home, 2 bedroom City condo purchase in the low 200 range. She would prefer some parking access, and a building that is nicely maintained with the ability to control her own heating source. She appreciates a good walking neighborhood IE: the Eastern or Western Promenades or the USM or Back Cove areas. We have found several nice ones and she is currently mulling over her choices and another trip up to Portland is in the offing.
We are also emailing property listings to a number of out of state buyers who looked at property with us last fall, and are now trying to sell their homes out of state. They are planning trips up to Portland, the second their homes/condos are under contract or sold!
On Friday we closed on a very nice four unit on Washington Avenue on the East End of Portland's peninsula. Our younger, first time home buyer was thrilled by what the property had to offer. All four units had character and architectural detail. The building is comprised of two, two bedroom units and two one bedroom units. Unit number 5 is completely redone with granite, hardwood and tile with fantastic views of back cove. This unit would make for an ideal and comfortable owner occupied situation. Separate water heaters, separate utilities, new roof and parking made this building hard to pass on for our first time home buyer.
Hello All- This was a packed room in which The chief economist for NAR spoke to the Portland Board of Realtors. The link to his interview is HERE.
But basically, He was reporting that our[Maine] market has always followed the Boston marketplace. And good news! the Boston marketplace has turned upward statistically only recently. And interestingly, so have the major [over the top] markets turned just recently, including the overblown markets of Ft Myers and Las Vegas and parts of Arizona. They have a long way to go though. We are in a much better position because we did not rise as far or fall just as fast. Ours has been a much more stable market with a much smaller downside.
Unfortunately we will not be able to predict the very bottom of the market. But even if you are just off a little bit, it is better that you not have missed it entirely. And the interest rates are unbelievably GOOD! So our advice is get in, and get the piece of property that you want. You may not be at the exact bottom but you will be so close that it will be insignificant. If you wait. You might look back and say"Gosh, why did I wait when I knew what was starting to happen" or "Wow, interest rates have skyrocketed, I wish I had locked in a lower rate and now I no longer qualify to buy,or it is making my payment much higher than I expected."
Spring Market has broken in greater Portland!
In the past 2 weeks we have been negotiating a number of contracts for buyers in fairly competitive situations. Not only has the spring market broken but it appears to be quite competitive, some of the situations involved near misses on multiple offers!
Easier guidelines for government loans recently passed by congress seem to be helping the lower price point of our marketplace. Some buyers who have never been able to buy a home are now eligible.
This will ultimately fuel the mid-priced market where sellers of entry level properties will trade-up to the mid-price-point.
Displaying blog entries 101-110 of 129
Keller Williams Real Estate in Greater Portland Maine
Deborah Barouch
207-553-2403
Keller Williams Realty
50 Sewall St 2nd Floor
Portland ME 04102
