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Are you Waiting to Buy?

by Fontaine Family

Why Waiting To Buy Might Not Make Sense

 

Why Waiting To Buy Might Not Make Sense | Keeping Current Matters

Whether you are a first time or a move-up buyer, there are two factors that will impact the amount of house you can afford in your price range: home prices & mortgage rates.

Let’s look at what the experts are predicting over the next twelve months for these two areas:

PRICES

Over 100 economists, real estate experts and investment & market strategists were recently polled as a part of the Home Price Expectation Survey. They were asked to project where home prices are headed. The average value appreciation projected over the next twelve-month period is approximately 4.4%.

MORTGAGE INTEREST RATES

In the latest Economic & Housing Market Outlook from Freddie Mac, they predict that the 30-year fixed mortgage rate will be 4.7% by this time next year. As of last week, the Freddie Mac rate was 3.69%.

What does this mean to you?

If you are a first-time buyer currently looking at a home priced at $250,000, this is what it could cost you on a monthly basis if you wait until next year to buy:

Cost Of Waiting Spring 250K | Keeping Current Matters

If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you on a monthly basis if you wait a year to buy:

Cost Of Waiting Spring 500K | Keeping Current Matters

Bottom Line

With both home prices & interest rates projected to increase, waiting to buy could put a serious dent in your family’s wealth.

from Keeping Current Matters 2015

We Are Growing Again!

by Fontaine Family

Our family is growing! 


We are excited to add Charmaine Raby to our Auburn office.

Charmaine has been and independent contractor and business owner since 2005.  Her background in health care has helped her develop attention to detail.  She makes her clients a priority and goes above and beyond to benefit her clients. 

Joining the real estate profession in 2005, while still working in the health care industry.  The fields complemented each other and allowed her to help people - something she always aims to do. This is evident in her community work.  She has volunteered with the Good Shepherd Food Bank and Catholic Charities.  She also keeps up with her son's travel and high school hockey and her daughter's middle school softball and baseball.

Charmaine has recently joined The Fontaine Team and hopes to continue her work with buyers and sellers to help them achieve their housing goals.  

Charmaine can be reached at charmaine@fontainteam.com or at 207-577-1034.

 

We are thrilled to have Dawn Marston join our Scarborough office.

Dawn has been helping people buy and sell homes for 26 years!  She owned her own business, Maine Custom Realty and has been a member of the Portland Board of Realtors since 2001. 

Before her real estate career, Dawn owned and operated a gymnastics center for 8 years.  She wanted to help children at a significant period in their lives where they needed guidance and direction.  When she was looking for another career, real estate seemed like the perfect fit in which she could continue to help and guide people.  "I chose real estate because I have great empathy and patience and am willing to spend the time needed with my clients knowing that this is one of the biggest decisions they will ever make" says Dawn. 

Dawn joins The Fontaine Team and looks forward to ensuring on only satisfaction, but also adding some fun and humor to her client's real estate experience!

Dawn can be reached at dawn@fontaineteam.com or at 207-939-2827.

Spring Cleaning Tips & Tricks

by Fontaine Family

Spring is in full swing in Maine and it's time for some spring cleaning!  We rounded up a few of our favorite spring cleaning tips & tricks
for you to try out in your home. 
Let us know your favorites!

1.  Get clean grout the easy way!


from theeverydaycindarella

2.  Clean ceiling fans without the mess!


from craftylittlebee.com

3.  Squeegee pet hair off carpets!


from amodernmrs.com

4.  Remove hardwater stains from showerheads!


from areal-lifehousewife.com

5.  DIY easy grill cleaner!


from passionforsavings.com

Clean up and then relax and enjoy the beautiful Spring weather. 
For more spring cleaning tips and tricks, check out our
Spring Cleaning Tips & Tricks board on Pinterest! 

Beware of Real Estate Scams

by Fontaine Family

Spring in Real Estate brings Spring Scams


The real estate market is in full swing
and so are the real estate scams. 
It's been happening for years, but still
catches sellers and renters off guard every year. 

Imagine having you home listed for sale with an agent.  You expect to get a call letting you know there is a showing scheduled, but now there is someone walking around your house & looking in the windows.  You open the door to ask if you can help them and they say they just rented the house.  You say your house is for sale, not rent.  The would-be renter wired a deposit to someone claiming to own the house that they have been e-mailing for weeks. 

How does this happen?

It is called "scraping".  A scammer creates a fraudulent listing on a site like Craigslist offering a home for rent.  They often use images right from the website of the real estate company who has the home listed for sale.  They even copy the description.  After getting a bite from a potential renter, they always have a story about why they aren't living in the home (on a mission trip, moved months ago, etc...) and that they are unhappy with the real estate agent who will not release them from their contract.  Of course none of it is true.  

We have even seen scammers find the name of the actual home owner and set up an e-mail account in that name.  Sometimes they even say that the renter can pick up the key at the real estate agency after they wire a deposit to the scammer who claims to own the property.

While it is very difficult to keep these scammers from trying this on your home, it is good to be aware.  The scammers hide behind computers and pre-paid cell phones.  If you suspect this is taking place on your home, you may want to contact the real estate company who has the property listed...they will probably get calls asking to rent the home.  You can also search Craigslist and other sites to see if you find photos of your property.  If you do, flag it or report it. 

As a renter, there are some things you need to know to protect yourself:

  • If the owner can't meet you in person, or have someone meet you...it is probably a scam.
  • If they want a deposit before you see the property...it is probably a scam.
  • If they want you to wire a deposit...it is probably a scam.
  • If there is a real estate sign...call the company and ask if the property is for rent.

UPDATE:  This just happened again in Lewiston/Auburn.  Check out the SunJournal article here....Homeowner Vexed by Housing Scam.

Displaying blog entries 1-4 of 4

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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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