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Should I Price My Home Higher?

by Fontaine Family

Should I price my home higher to leave room to negotiate?


We hear that question almost daily when talking with home owners about selling their homes. 
Sellers feel that if they add a few thousand dollars on top of the price the Realtor® suggests, it will just give them room to negotiate. 

What can it hurt, after all? 
First of all, buyers have to see your house to make an offer.  Keep in mind that they are looking at photos and comparing it to other houses of the same price.  If you are not one of the best homes at that price, buyers may just move on to the next home and never ever set foot in yours.  Any good agent will provide a seller with comparable properties and the prices they have SOLD for.  Those houses actually SOLD.  There could be other houses, priced just a few thousand dollars high still sitting on the market months after being listing.  Now buyers just scroll right past those houses saying "There must be something wrong with it or it would have sold."  Is it worth the risk?  If you price your house right, you can create a sense of urgency.  Buyers will be afraid that someone else may beat them making an offer.  Sometimes that sense of urgency even produces multiple offers and a higher sales price! 

Which situation would you choose? 
The bottom line is overpricing your home is one of the most common and costliest mistakes you can make when selling your home. 

Are you ready to see what your home is worth in today's Maine real estate market? 
Give us a call and one of our talented agents will provide you with a FREE opinion of value! 

Auburn: (207)784-3800
Scarborough: (207)289-3830

Stay Well This Cold Season

by Fontaine Family
Cold and Flu season is here...
 

  
 
Did you know that adults catches an average
 2-4 colds each year?
 
If you think that is surprising, consider this...
 
Children catch and average of 6-12 colds each year!  Yikes!
 
With that in mind here are our
Top 5 Tips for staying healthy this winter
 
1.  Wash Your Hands
Seems obvious, but most people don't wash often enough
or well enough.  Make sure you use soap and
scrub your entire hands including around your fingernails. 

2.  Change Your Toothbrush
If you have been sick, toss your toothbrush and get a new one
to avoid any lingering germs on the bristles or handle.
 
3.  Drink Water
Make sure you drink plenty of water daily. 
Staying hydrated can reduce symptoms like a sore throat or stuffy nose.
 
4.  Keep Your Nose Clean
Consider using a saline nasal spray, Neti pot or taking a hot shower. 
The warm moisture can help clear your nasal passages.
 
5.  Get Moving
Getting a little exercise and sunlight for even 10-15 minutes a day
can boost your immune system and your mood.
 

 
By the way....if you are interested in buying or selling real estate in Maine,
call (207)784-3800 for our Auburn office, (207)289-3830 for our Scarborough office, or e-mail brenda@fontaineteam.com.  

Why Is November The Best Month To Sell?

by Fontaine Family

Should You Sell Your Home In November?
November Could Be The Best Month To Sell!


Most homeowners think that once fall comes around, the home buyers disappear.  That idea may have been true at one time, but in today's market with a shortage of inventory, your home may be more likely to sell more quickly and closer to asking price in November and December. 

In today's real estate market, half of buyers are not married, so their decisions may not be based on children's school schedules.  Buyers who are looking in November could be moving because of job changes, they may have been too busy during the summer months, or they could have waited until after the busy season in hopes of getting a better deal.  November house hunters are usually more motivated and less deterred by things like snow, short days, and holidays.  If you make your house ready to view, buyers are likely to make an offer close to list price! 

Sellers tend to think that it isn't worth trying to sell during November and December and they take their homes off the market.  That could be a huge mistake for sellers.  Serious buyers who are in the market have fewer homes to choose from so there is a sense of urgency to make a good offer before someone else beats them to it!  With an already short inventory of homes for sale in Maine...we could be expecting multiple offers on listings that are priced right this November and December!  

Are you ready to sell your Maine home this November? 
Call us at (207)784-3800 or (207)289-3830 to get started today! 

Leaf Peeping in Maine

by Fontaine Family

Here Comes the Fall Colors!

It is hard to beat the beauty of Maine in the fall!  People come from all over to see the vibrant colors. 


Are you planning on taking a Maine leaf peeping trip this fall?
Here are some suggestions from MaineFoliage.com of when and where to plan your leaf peeping trip...

September 15 - 20:
This is the very early stage of our fall foliage season. To find color, we suggest you travel to northern Maine - Aroostook County, Aroostook State Park, Allagash Wilderness Waterway, Fort Kent, Presque Isle, Ashland, Mars Hill. Peak color typically occurs in these locations the last week in September.

September 22 - 27:
Maine is traditionally experiencing less than 30% color change at this time of the year. Higher elevations in northern areas display the most color. We suggest you visit Sherman Mills, Baxter State Park, Shin Pond, Ashland and Portage.

September 29 - October 4:
Maine's hillsides are beginning to blush with more than half of the trees displaying fall colors. The best locations to leaf peep are anywhere in northern Maine, like Aroostook State Park, Route 11, Eagle Lake Public Reserved Land unit, Pittston Farm, Kineo and Rockwood.

October 6 - 11:
This is the best week for Peak Color in central Maine. Fall foliage color is in full swing in western and central Maine: Visit Grafton Notch State Park, Route 17 near Richardson Lake, Bigelow Preserve, Route 27/16 in Carrabassett Valley, Cathedral Pines Rest Area in Eustis, the lookout from Eustis Ridge, Mt. Blue State Park in Weld, Tumbledown Mountain Range, Greenville, Moosehead, Jackman, Lily Bay State Park, Rockwood, Sebec Lake and Dover-Foxcroft.

October 13 - 18:
Best week for Peak Color in western and southern Maine This is one of the peak weeks for leaf peeping as peak conditions are coloring Maine hillsides. Visit Fryeburg, Bethel, Rangeley, Mt. Blue, Skowhegan, Farmington, Rumford, north of Portland and the greater Augusta area.

October 20 - 25:
Best week for Peak Color in southern and coastal Maine. Find peak color south of Portland, Sebago Lake region, Bridgton Limerick, Waterboro, Kennebunk, Kennebunkport, Wells and York.

Please note that these dates are typical projections dates and can fluctuate by 2-3 days.

Simple Ways to Save A Downpayment

by Fontaine Family

A Dollar A Day...
That's all it takes to start saving for the downpayment on your new home!

Approximately 60 percent of homebuyers financed their home using a 6 percent – or less – down payment, according to data from the National Association of REALTORS®.
With the most recent median existing-home price clocking in at $258,300, a 6 percent down payment is $15,498.

Here are some simple suggestions from NAR on how potential buyers can cut costs and save for that down payment.

Are you considering buying a home this fall?  We can help you get started! 
Give us a call to get started today! 
One of our talented buyer agents will walk you through the process...step by step.

Auburn: (207)784-3800
Scarborough: (207)289-3830

Maine Real Estate August Recap

by Fontaine Family

What happened in the Maine Real Estate Market in August? 


 Androscoggin County 

174 new residential listings entered the market in July with an average list price of $184,450.  In that same timeframe 148 residential listings sold with an average sale price of $164,451.  Those listings took an average of 46 days to sell.  Just for comparison, during August of 2016, 122 properties sold taking an average of 69 days to sell.  The market in Androscoggin County is moving faster than last year!   

Boy are markets different from area to area in Maine….

Cumberland County

692 new residential listings entered the market with an average list price of $368,455.  During August, 531 residential listings sold with and average sale price of $350,717.  They took an average of 45 days to sell.  The Cumberland County market is moving even faster than Androscoggin County and check out the difference in prices...Wow!

  Even within the same county there are differences…sometimes huge differences.  That’s where an experienced agent is so important.  They will help you compare the home you are selling or the home you are interested in buying to other comparable properties in comparable areas.  As a seller, this will help you price your home competitively to give you the best chance to sell quickly for best possible price.  As a buyer, it will help you make an informed decision about what a home is worth so you can have the best chance to purchase your next home without spending more than you should. 

Do you have questions about the market in your area?  Click here to e-mail us and one of our licensed agents will get back to you to answer your questions!  

All statistics are from the MREIS as of 9/5/2017

Tips for Preparing Your House For Sale

by Fontaine Family

Tips for Preparing Your House For Sale

When you are selling your house, you want to be the most attractive house in your price range. 
You want buyers to be afraid that someone else is going to buy your house before they do. 
Try out these tips to get your home ready to sell for top dollar & fas
ter

 

Maine Real Estate July Recap

by Fontaine Family

What happened in the Maine Real Estate Market in July? 

 Androscoggin County 

157 new residential listings entered the market in July with an average list price of $188,766.  In that same timeframe 137 residential listings sold with an average sale price of $155,516.  Those listings took an average of 60 days to sell.  Just for comparison, the average residential sale price in July of 2016 in Androscoggin County was $149,944. 

Boy are markets different from area to area in Maine….

Cumberland County

582 new residential listings entered the market with an average list price of $379,695.  During July 502 residential listings sold with and average sale price of $353,371.  They took an average of 37 days to sell.  The average sale price of residential properties sold in July of 2016 was $329,057.

Quite a bit different from Androscoggin County, huh?
  Even within the same county there are differences…sometimes huge differences.  That’s where an experienced agent is so important.  They will help you compare the home you are selling or the home you are interested in buying to other comparable properties in comparable areas.  As a seller, this will help you price your home competitively to give you the best chance to sell quickly for best possible price.  As a buyer, it will help you make an informed decision about what a home is worth so you can have the best chance to purchase your next home without spending more than you should. 

Do you have questions about the market in your area?  Click here to e-mail us and one of our licensed agents will get back to you to answer your questions! 

All information from Maine Real Estate Information Systems as of 8/9/2017.

Where Did the Summer Go?

by Fontaine Family

Where Did The Summer Go?

August is here...summer is coming to an end...and back-to-school
is right around the corner. 

In Maine, the weather is usually beautiful this time of year
and there is so much to do...let's take advantage of those
last few weekends of gorgeous weather before school starts and we get back into our fall routine.

Here are a few suggestions of things to check out in August!

The Topsham Fair 
August 8th - 13th
Harness Racing, Blueberry Pie Judging, Chocolate Chip Cookie Contest, Pig Scramble, Steer and Oxen Pull, Sheep Riding, Music, Backhoe Contest, Monster Truck Show...the list goes on and on! 
See the full schedule here.

 

Skowhegan State Fair 
August 13th - 22nd 
Demolition Derby, Aerial Escape Show, Tractor Pulls, Laser Tag, Pony Rides,  Log Loading & Chainsaw Contests, Live Bands, Vincenta's White Tigers, Alpaca Exhibit, and more. 
See the full schedule here.

 

Great Falls Balloon Festival 
August 18th - 20th
Food, Crafts, Basilica Tours, Live Dancers, Live Music, and lots of Hot Air Balloons floating over Lewiston/Auburn! 
See the full schedule here.

Great State of Maine Air Show
August 26th - 27th 
See the Blue Angels, US Special Operations Command Parachute Jump Team, the Smoke-n-Thunder Jet Car and so much more!
See the schedule here.

Blistered Fingers Family Bluegrass Festival 
August 23rd - 27th 
Head to the Litchfield Fairgrounds to hear live Bluegrass from The Gibson Brothers, Larry Efaw & The Bluegrass Mountaineers, Nothin' Fancy, The Zolla Boys, and more! 
See the full lineup here.

August is a great time to be in Maine! 
Still need more ideas?  Check out our "Things To Do" page and find great ideas for things to do all year in Maine! 

Housing Inventory Hits New Low

by Fontaine Family

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | Simplifying The Market

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

Displaying blog entries 1-10 of 32

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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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