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Buyer's Market or Seller's Market

by Fontaine Family

Maine's Real Estate Market Is Hot!
Is it a Buyer's Market or a Seller's Market?


A balanced marked typically has about 6 months of inventory on the market. 

A Seller's Market is when there is not enough inventory to meet the demand of the market. When you fall below 6 months of inventory on the market, you have a Seller's Market.

A Buyer's Market is when the supply of property exceeds the demand of buyers. When there is more than 6 months of inventory on the market, you have a Buyer's Market.

So what is the market doing in Maine? 
It depends on where you are! The market is so different from area to area, it could be a Buyer's Market in one county and a Seller's Market in another. 

  • Androscoggin County - Seller's Market - 4.3 months of inventory
  • Cumberland County - Seller's Market - 3.4 months of inventory
  • Franklin County - Buyer's Market - 14.8 months of inventory
  • Kennebec County - Balanced Market - 6.5 months of inventory
  • Oxford County - Buyer's Market - 8.8 months of inventory
  • Sagadahoc County - Seller's Market - 4.6 months on inventory
  • Washington County - Buyer's Market - 19 months of inventory
  • York County - Seller's Market - 4.5 months of inventory

The market is changing fast so next month, this could be a different story. 

Do you have questions about the market in your area? 
Let one of our talented agents answer your questions. 
Call us today! 
Auburn: (207)784-3800
Scarborough: (207)289-3830

Welcome to the Team

by Fontaine Family

Meet Our Newest Team Members

Fontaine Team is pleased to introduce three new team members who are working out of our Auburn office. 


Jennifer grew up in Canton, Ohio and attended college at Delaware County Community College. She also attended The Maine Line Paralegal School in Malvern, PA and is a certified paralegal. Jennifer previously worked in the real estate industry as well working as a paralegal and in sales & marketing.
Currently residing in Auburn, Jennifer has a close knit family of 10 children, 4 granddaughters, and 3 dogs. When she is not working with her buyer and seller clients, Jennifer enjoys reading, kayaking, gardening, and hiking. She and her husband run the Alpha Course at East Auburn Baptist Church.
Jennifer can be reached at jennifer@fontaineteam.com or (207)346-0086. She is enthusiastic and excited to work with buyers, sellers, and investors helping them with all their real estate needs.

David grew up in Windham where he attended Windham High School. He then attended Central Maine Community College. David holds and Associate Broker’s license, and joins the team with a background in customer service and business management. He is the co-owner and treasurer of Totally Kidz Childcare in Lewiston.
David currently lives in Minot with his wife Michelle and 4 children. He is a member of the Maine Association of Realtors, National Association of Realtors, and the Andy Valley Board of Realtors.
David can be reached at (207)392-5079 or at david@fontaineteam.com.


Teri grew up and attended high school in Lewiston where she currently lives with her husband, Trevor. Together, they have 3 adult children and 1 grandchild. Teri’s past work experience includes retail customer support, management, and information services. Teri will be working with both buyers and sellers in the areas surrounding our Auburn location.
When she is not working, Teri enjoys ice hockey, weight lifting, hiking, biking, show shoeing, and anything else that keeps her outdoors and active. Her high energy is a great asset in helping both her buyer and seller clients fulfill their real estate dreams.
Teri can be reached at (207)576-4180 or at teri@fontaineteam.com.

Maine Homes Wanted!

by Fontaine Family

Looking for Maine Homes to Sell!

We have buyers looking for homes to buy and the market is experiencing a shortage of inventory. 

If you have considered selling, and your home fits any of the descriptions below, give us a call today!
We might have a buyer waiting and ready to buy your home! 


We have buyers looking for...

Buxton, Standish or Scarborough

  • Home offering owner financing - up to $150,000

Cape Elizabeth or Scarborough

  • Luxury Home close to the water with a chef's kitchen - up to $1,000,000

Lewiston/Auburn

  • Any Style home with 2 bedrooms - up to $100,000
  • Victorian style home - up to $200,000
  • Home with at least 2 acres of land - up to $140,000
  • Home with and in-law unit or nice 2 Unit - up to $200,000
  • Lewiston home - between $175,000 and $250,000
  • Home with lots of Acreage including Lewiston/Auburn and surrounding areas - up to $450,000

Gardiner, Randolph, or Chelsea

  • 2 Bedroom home - up to $100,000

Gorham, Windham, or Scarborough

  • Cape with 2-3 bedrooms - up to $275,000

Greene, Turner, Leeds, Sabattus, or Wales

  • Ranch or Cape with 3 bedrooms - up to $275,000

Gardiner or Litchfield

  • Land - up to $35,000

Gorham or Windham

  • Cape with 3 bedrooms, 2 baths and a 1st floor bedroom - up to $300,000

Lisbon

  • Home with 2 bedrooms - up to $125,000
  • Colonial or Cape with 3 bedrooms, 2 bathrooms, & 2 car garage - up to $250,000

Old Orchard Beach or Brunswick

  • Multi-Unit property - up to $400,000

Portland or South Portland

  • Home in a walkable neighborhood with 2 bedrooms - up to $250,000
  • Condo with 2 bedrooms - up to $300,000
  • Multi-Units with 2-3 units - up to $450,000
  • Land - up to $130,000

South Portland

  • Condo or Single Family - up to $150,000

Scarborough, South Portland, Falmouth, or Cumberland

  • Newer home with 4 bedrooms, 3 baths, and a 1st floor master - up to $500,000

Standish, Raymond, or Windham

  • Waterfront on a small pond - up to $275,000

Yarmouth or Cumberland

  • Home in a neighborhood setting with 3 bedrooms & 2 baths - up to $500,000

 

or call us at 207-784-3800 in Auburn
or 207-289-3830 in Scarborough

5 Ways to Honor Memorial Day

by Fontaine Family

This Weekend is Memorial Day Weekend!


This is a day that we take time to remember and honor those who gave their lives so we can enjoy our freedom.  If you are looking for a way to honor those who have died serving our country on this Memorial Day, we have a few ideas...

  1. Place flowers on flags on gravesites at a Maine Veterans Memorial Cemetery.
  2. Visit a Veterans Memorial.
  3. Fly the American Flag at half-staff until noon.
  4. Observe the National Moment of Remembrance at 3pm on Memorial Day.
  5. Visit Veterans at a Maine Veterans Home.

How are you spending Memorial Day Weekend?

Suns Out - Let's Go Have Some Fun!

by Fontaine Family

The Sun is Finally Out! 


It's time to get out and enjoy all that is going on in Maine in the spring.
There is so much to do in our communities this weekend.
Check out some of these great events!

First Art Walk & Free Tasting
at The Vault in Lewiston on Friday, May 19th
Enjoy the first Lewiston Art Walk of the season and sample a great selection of wines at The Vault.

Food Truck Festival
on the Gardiner waterfront on Saturday, May 20th
Music, Beer, Food, and Fun!

Bend and Brew
at Baxter Brewing Company in Lewiston on Sunday, May 21st
A yoga class followed up with a flight of beer and four courses from Mother India.

Bob Marley - Up At The Franco
at the Franco Heritage Center in Lewiston on Friday, May 19th
You can't go wrong with laughter and drinks on a Friday night! 

Street Eats & Beats
at Thompson Point on Saturday, May 20th
Taste offerings from local and visiting food trucks, as wells as beer, wine, and cocktails! 

Hops For Hope
at Rising Tide Brewing Company in Portland on Friday, May 19th
Drink craft beer, eat good food, and buy raffle tickets for a chance at prizes - all to support local families fighting ALS.

Wine and Food Walk
in Portland on Saturday, May 20th
A guided walking tour in Portland lead by Sommelier Erica Archer, featuring white wines paired with tastes of seafood dishes.

Bags, Brews, and Bikes Cornhole Tournament
at LA Harley in Lewiston on Saturday, May 20th
2 Player teams compete in a cornhole tournament for a chance to win $300 and bragging rights.

Improve Your Home's Value This Spring

by Fontaine Family

Are you considering selling and want to get the most out of your home? 

Your home's value depends on many factors, including location, age, size, and condition.  While you may not be able to do anything about your home's location or age, you can do things to improve the condition and sometimes the size to add value to your home! 


Boost Curb Appeal
Curb appeal isn't just the concern of the home sellers.  Even homeowners who are staying put are investing time and effort into maintaining the curb appeal of their homes.  Since anyone driving by will only see your home from the street, how well your property is kept from the outside provides a glimpse into how well it is maintained on the inside.

5 Easy Ways to Boost Your Home's Curb Appeal

  1. Maintain Your Lawn
    Mow, pull weeks, and make sure your walkways and driveway are free of debris.
  2. Keep Your Landscaping in Check
    Well-maintained shrubs and landscaping improve the look of your property.
  3. Clean Your Windows and Gutters
    Not only will this improve the look of your home, it is good home maintenance.
  4. Maintain Your Home's Exterior
    Keep your home looking like new by washing your siding or applying a new coat of paint every few years.  Touching up the stain on decks and the paint on trim and handrails can do wonders.
  5. Spring for New Home Accents
    Spruce things up with new accessories like new house numbers, fresh paint on the shutters, or colorful plant and flowers in the window boxes and garden beds.

Renovations That Pay Off
Remodeling is a great way to bring your home up to date, adapt to changing needs, and improve its value.  If you are planning on selling, making a few home improvements may make your home more attractive to potential buyers.

5 Renovations that Offer the Biggest Returns

  1. New Front Door
    Refresh your entryway and impress potential buyers with a new front door.  If your current front door is in good condition, a coat of paint or stain can make it look as good as new.
  2. Deck Addition
    Improve the indoor/outdoor versatility of your home by adding a wooden deck.
  3. Attic Bedroom
    An extra room that can serve as a bedroom, guest room, or home office can add value and make the home more attractive.  If you have attic space that is unused, this could be a great option.
  4. New Garage Door
    If your garage doors are old or dated, replacing them will add value to your home.  If they are still in good shape, consider painting them to freshen up the look of your home.
  5. Minor Kitchen Remodel
    The kitchen is one of the most popular renovations that homeowners tackle.  A minor remodel can update the space and entice potential buyer. 

Are you interested in knowing the value of your home in today's real estate market? 
We can help! 
Call today for a FREE opinion of value and talk with one of our talented agents
about what you can do to sell your home for top dollar faster!

Call our Auburn office at (207)784-3800
Call our Scarborough office at (207)289-3830

Homes Wanted!

by Fontaine Family

The Spring Real Estate Market is Heating Up!

Buyers are out shopping for homes but we are seeing a shortage of inventory on the market. 

That's great news for home sellers!  If you list your home at the right price, you could see multiple offers in a matter of days!


Right now, we have buyers looking for...

  • Lisbon - 3 bedroom, 2 bath home with a 2 car garage - up to $250,000
  • Turner - 4 bedroom home up to $400,000
  • Waterfront Home - in areas surrounding Lewiston/Auburn - up to $400,000
  • Greene - homes priced between $150,000 and $200,000
  • Multi-Unit Properties - with 1-4 units in Portland or Lewiston/Auburn

If you are considering selling this year, and your home meets any of the criteria above...
give us a call today!  Your buyer could be waiting!

To find a buyer for your home fast,
Call our Auburn location at (207)784-3800 or
Call our Scarborough location at (207)289-3830.

3 Charts That Shout, ‘List Your Home Today!’

by Fontaine Family

Why Should You List Your Home TODAY?


In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.

DEMAND

Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.

Many buyers are being confronted with a very competitive market in which they must compete with other buyers for their dream homes (if they are even able to find a home they wish to purchase).

Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.

HOME EQUITY

Many homeowners underestimate the amount of equity they currently have in their homes. According to a recent Fannie Mae study, 37% of homeowners believe that they have more than 20% equity in their homes. In reality, CoreLogic’s latest Equity Report tells us that 78.9% actually do!

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The Market

Many homeowners who are undervaluing the equity they have in their homes may feel trapped, which may be contributing to the lack of inventory in the market.

Bottom Line

If you are debating selling your home this year, let's meet up to evaluate the equity you have in your home, as well as the opportunities available in your market.

Sell Your Home Faster!

by Fontaine Family

Sell For Top Dollar Faster

What is the goal of almost every homeowner selling their home?
To get the most money possible in the shortest time possible!  Let's face it, when you decide to move, you want it over yesterday!

Did you know that Fontaine Team listings spend less average time on the market than homes sold by other companies? 
A Fontaine listing spends an average of only 64 days on the market! 

Are you ready to get your home sold FAST?

Call or e-mail us today to get started!

Auburn - (207)784-3800
Scarborough - (207)289-3830
brenda@fontaineteam.com

5 Tips for Spring Home Buying

by Fontaine Family

5 Tips for Buying a Home in the Spring Market

Spring in the Real Estate Market is typically the busiest time of year.  There are more buyers out there looking and properties are selling fast!  The market is more competitive in the spring than in other times of the year.  That is why it is so important to be prepared when you plan to buy a home in the spring market. 


Here are a few tips to help you buy your new home this spring:

Get Preapproved By A Local Lender 
Shop around and find out who can offer the best program for your situation and then get a pre-approval.  Having that in hand will make your offer more attractive to sellers.  Most banks will not even consider an offer on a short sale or a foreclosure property without a pre-approval or a proof of funds letter.

Hire A Buyer Agent 
Choose an agent who knows the area and who you are comfortable with and then sign an agreement to have the represent you.  If you are just calling around to the listing agent, there is nobody looking out for you during one of the biggest purchases you will ever make.  In most cases the fee for the buyer agent is paid by the seller anyway so why wouldn't you have someone working for your best interests? 

Accept That There Is No Perfect House 
Decide what your most important "must-haves" are and what you are willing to compromise on.  No house is perfect...they might need some work, might not have a room as big as wanted, might have less land, or might not be in the perfect location.  What is most important to you?

Prepare To Move Quickly 
When you fall in love with a house, be prepared to make an offer quickly.  In the spring market, properties can sell quickly so if you don't make an offer quickly...someone might beat you to it.

Don't Be Opposed To Negotiating 
This time of year it is common to have multiple offers on the same property.  If you get stuck on getting the house for less that it is listed for, instead of what it is worth, you could miss out on a great house.  Negotiating on closing date can also be attractive to a seller. 

Buying a home is a big decision.  Being prepared and having the right agent to advise you along the way will make the process much easier and give you a better chance at finding your dream home!  Are you ready to start your search? 

Call us today to meet with one of our experienced buyer's agents.

- See more at: http://www.brendafontaine.com/Newsletter#sthash.6cpqD2tr.dpuf

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Contact Information

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Fontaine Family - The Real Estate Leader
336 Center St. Auburn, ME 04210
432 US Route 1 Scarborough ME 04074
(207)784-3800 Auburn
(207)289-3830 Scarborough
Fax: (207)786-2957

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