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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

Welcome to the Team

by Fontaine Family

Welcome Tim!

We are pleased to announce the addition of Tim Cyr to the Fontaine team in our Scarborough location. Tim holds an Associate Broker license and is a member of the Merrymeeting Board of Realtors, Maine Association of Realtors, and the National Board of Realtors.  

Tim is an entrepreneur and business owner.  He started and grew an IT company in southern New England which was eventually sold to a larger firm.  He has also been a consultant to growing businesses.  Tim volunteers for the Lovell Invasive Plant Patrol Committee and the ME Voluntary lake Monitoring Program to maintain the quality of Maine’s waterways.    

Tim lives in Lovell and Old Orchard Beach.  In his spare time he likes to ski, golf, play hockey, and hike in the local mountains with his terrier. 

Tim can be reached at (860)559-2911 or at tim@fontaineteam.com.

Is Buying Cheaper Than Renting in Maine?

by Fontaine Family

Buying Remains Cheaper Than Renting in 39 States!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39 states, it is actually ‘a little’ or ‘a lot’ cheaper to own (represented by the two shades of blue in the map below).

Buying Remains Cheaper Than Renting in 39 States! | Simplifying The Market

One of the main reasons owning a home has remained significantly cheaper than renting is the fact that interest rates have remained at or near historic lows. Freddie Mac reports that the current interest rate on a 30-year fixed rate mortgage is 3.91%.

Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.

Bottom Line
Buying a home makes sense socially and financially. If you are one of the many renters who would like to evaluate your ability to buy this year, let’s get together and find you your dream home.

Are you ready to start on the paty to financial independence by purchasing your own home? 
Give us a call today, and let one of the experienced Fontaine agents go to work for you!

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

Maine Green Homes are Here!

by Fontaine Family

Would You Love To Have A New Green Home?
How about a Green and Affordable New Business Location?

If you would like a green home built with whatever layout you want, that could be built quickly, and save on future costs & maintenance...
We have the solution for you!


 

Shelter+7 is a New cutting edge state-of-the-art eco-green "ultra-high performance building shell system"TM offers a healthier lifestyle as well as...

  • A very short construction cycle that reduces carrying cost and wait time.
  • Extremely rugged structure that can withstand high winds and heavy snow loads.
  • Low maintenance and low energy costs, increasing disposable income and the time to enjoy family, travel, and life.
  • Unlimited floor plan design opportunities to meet everyone's living, socializing, entertaining, and work preferences.
  • Smart home technology.

Best of all, they are being built right here in Maine! 

These buildings are very versatile and can be uses for a Residential home, Vacation home, Commercial building, or even Condos or Apartments.  There are unlimited design options with the floor plan and buildings can be constructed and weather tight in as few as 7-10 days!


Visit our Green Homes In Maine site to find out more and see photos and video of the building process!

Are you ready to get started on your Green Home Dream?  
Contact our Exclusive Listing agents to design on your Maine Green Home or Building today!

Click here to contact Charmaine Raby or call (207)577-1034
Click here to contact Caleb Labrie or call (207)754-4275

Download your FREE Report
7 Benefits of Archtype Green Home
HERE!

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.

Get Ready to Bid!

by Fontaine Family

Our 4th Annual Bid For Wishes
Silent Auction starts on Monday, July 17th! 


Here is your chance to bid on some great items and contribute to a great cause. We have items to be auctioned in memory of Nolan Thomas Williams with all proceeds going to Make-A-Wish Maine!

Nolan Thomas Williams was a beautiful son, brother, grandson and friend. Nolan died of Melanoma cancer just a few weeks before his 4th birthday. He battled the cancer for 7 months. He had three brothers Nick, Nate and Nigel. He loved to go fishing, camping and boating with his mom and dad and brothers. He loved Sunday mornings because it meant he got to go to church. His favorite toys were his match box cars and his CD player. He played the songs over and over again "What a Wonderful World," by Louis Armstrong and "Put your Happy Face on". This sweet, sensitive little boy left his family and friends with precious memories. All who knew him were blessed.

Each year, in Nolan's memory, we host a Silent Auction on Facebook with the help of generous donations from our friends and local businesses.  The money we raise goes directly to Make-A-Wish Maine to grant the wish or a child with a potentially life-threatening illness.  A wish give the child and their family something to look forward to...a bright spot of hope during a hard time. 

Visit our Bid For Wishes event page and place your bids!  Win some great items and put a smile on a Maine child's face! 


Fontaine Named One of Top Teams In US!

by Fontaine Family

 

Fontaine Team Named One of America’s Top 1,000 Real Estate professional Teams
By
Real Trends, As advertised In THE WALL STREET JOURNAL


Fontaine Family – The Real Estate Leader, Had an Impressive 462 Transaction Sides and $56 Million in Sales on Their Way to Becoming One of Maine’s Top Professional Teams 

Fontaine Family – The Real Estate Leader was named one of America’s top real estate professional teams by REAL Trends, as advertised in The Wall Street Journal.  Fontaine Team is once again a member of the “The Thousand Top Real Estate Professionals,” a prestigious national awards ranking sponsored annually by the two respected publications.  The Fontaine Team is ranked in the top ½ of 1% of the more than 1,100,000 REALTORS® nationwide for the 2016 calendar year.

The Thousand real estate professionals was announced on June 23, 2017, with four separate categories honoring the top 250 residential agents and agent teams for excellence in:

  • Individual Sales Professionals—Sales volume
  • Individual Sales Professionals—Transaction sides (in each real estate transaction, there are two sides that can be represented by a real estate agent: a buyer’s and a seller’s.)
  • Team Professionals—Sales volume
  • Team Professionals—Transaction sides                                             

According to The Thousand, The Fontaine Team had 462 transaction sides, ranking them 73rd in the nation.

“The best individual agents and teams - including Fontaine’s award-winning efforts—were nothing short of phenomenal considering the challenges in today’s complex housing market,” said Steve Murray, founder of REAL Trends, a Denver-based consulting, publishing and communications company and The Trusted Source that complies the yearly, third-party verified list. "Being a member of The Thousand is an incredible achievement in today's increasingly competitive environment.  This elite group of sales associates are proven professionals who bring together innovative marketing solutions that combine cutting-edge technology with best-in-class customer service to consistently exceed their clients’ expectations. Their success put them in the top 1 percent of more than 1.25 million REALTORS® nationwide," said Luke Bahrenburg, vice president of real estate advertising at Dow Jones, publisher of The Wall Street Journal.

 “I am absolutely thrilled to be named to The Thousand,” said Brenda Fontaine, the owner/broker of Fontaine Family – The Real Estate Leader who serves clients in 6 Counties and has offices in Auburn and Scarborough.  “It is incredibly gratifying to help clients find their dream homes as well as help them sell their properties quickly and for the highest price possible.”

The ranking of The Thousand can be found at www.realtrends.com/rankings/rt1000.

Displaying blog entries 1-10 of 55

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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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