Maine Housing Changes “Gift of Green” Program for December 2009

Beginning December 1, 2009, the revised Gift of Green promotion will provide all MaineHousing borrowers with $2,500 – to help with down payment, closing costs, and prepaid escrow expenses, after the borrower contributes 1% of the mortgage loan amount to the transaction. Eligible home buyers need to act quickly to take advantage of the current Gift of Green offer before it changes. Loans registered on or before November 30, 2009 will receive a grant of 4% of the first mortgage loan amount, up to a max of $5,000. Loans reserved on or after December 1, 2009 receive a grant of $2,500.

Info: http://www.mainehousing.org/NEWSPressReleases.aspx?PageCMD=newsDetail&NewsID=461

Information provided by: Maine Association of REALTORS

Maine Real Estate – HOME BUYING CLASS OFFERS EDUCATION & HOME TOUR

FOR IMMEDIATE RELEASE:

Home Buyer University

Home Buyer University

Contact

Contact Person                          Julia Hixon

Company Name                         Meservier & Associates, Keller Williams Realty Mid Maine

Telephone Number                     207-784-2525

Fax Number                              207-689-9801

Email Address                           Julia@meservier.com

Web site address                       http://www.meservier.com

 

 

Auburn, Maine, June 22, 2009 — Meservier & Associates of Keller Williams Realty Mid Maine is launching Home Buyer University (HBU), and offering its first free HBU workshop for home buyers to learn the ins and outs of buying real estate on Saturday, July 25 from 10:00 am to 2:00 pm. at their offices located at 34 Center Street in Auburn.

HBU is designed to educate today’s buyers on relevant issues in the home-buying process. Topics include understanding today’s buying process, information on the $8,000 tax credit available to first-time home buyers, mortgage options, the value of inspections before you buy, and understanding the legal aspects of home buying. Licensed, experienced professionals in the respective fields will present the topics and a free lunch will be provided. Following classroom time, attendees will be given the opportunity to participate in a tour of local homes to apply what they’ve learned. Anyone interested in purchasing real estate including first time home buyers and renters who want to explore what the home ownership process entails will benefit from this event.  Seating is limited. For more information, to request a flyer, or to register, please call Meservier & Associates, Keller Williams Realty Mid Maine, at 784-2525.

HBU is an initiative to educate today’s consumers in purchasing real estate by providing accurate information and practical application of that information through viewing local properties for sale. Meservier & Associates is a local established real estate team lead by Sue Meservier, a top producing agent and licensed team with a combined total of over 40 years of real estate experience.

For more information, please contact Meservier & Associates, Keller Williams Realty Mid Maine, 34 Center Street, Auburn, Maine, 784-2525.

Maine Real Estate Buyers – Still On The Fence?

Did you know that timing the market is impossible?

The longer buyers wait for the real estate bottom, the more likely it is that they’ll miss it. As Jay Papasan, co-author of Your First Home, and a member of Gary Keller’s expert writing team, said in a recent article in the Boston Herald, “Many desperate sellers are slashing prices, paying buyers’ closing costs and throwing in home improvements. [But] once a few (potential buyers) get off the fence . . . you lose your leverage.”

Let’s repeat the end of that last sentence again.”…YOU LOOSE YOUR LEVERAGE”

I cannot express enough that leverage is the most important part of your negotiation. Sellers are motivated, inventory is at an all time high, Interest rates are still very low and for the first time home buyers, there is the 2009 tax credit up to $8000. It doesn’t get any better than this. Start your home search with the Maine MLS, get preapproved or read up on Maine real estate information at our blog at http://www.mainerealestateexperts.com

So, are you still saying….

  • “I don’t feel comfortable buying right now.”
  •  “Let’s hold out to get the best price.”
  • “We’re going to wait for the market to turn around.”

We can help you find the right home.  Unsure of where to begin or don’t understand the home buying process? We got that covered too. Visit http://www.HowToBuyAHomeInMaine.com, the home buyers online resource to the home buying process. Still have questions? Call us at 207-784-2525. We’ve got answers.

Meservier & Associates offers exclusive buyer agency for your protection.

Maine Real Estate – 1st Time Home Buyer Tax Credit 2009

LINDA GIFFORD ON “207”: Here’s the 5-minute video of Linda Gifford on last night’s “207” television program, explaining the $8,000 First Time Home Buyer Tax Credit – http://www.wcsh6.com/video/default.aspx?aid=47674

Maine Real Estate – Mobile Homes Are Now Eligible For The USDA 100% Program

A double or single-wide manufactured home is now eligible for RD (Rural Developement) financing only when purchased from one of their approved dealers. The manufactured home requirements are:

Rural Development – Manufactured Homes
Basic Requirements:

 Units must be new
 Placed on a private lot (not in a park)
 Put on a permanent, approved foundation
 Purchased through approved dealer-contractor

Restrictions:

No furniture, including drapes, beds, chairs, sofas, lamps, tables, televisions, etc.
Furniture does not include refrigerators, ovens, ranges, washers and dryers, etc.

Certification and Inspection Requirements:

 Foundation Plan:
 Must be stamped by a Maine Registered Professional Engineer
 Must be approved/stamped by State Office
 Must transfer all loads below the established frost line
 Home must be permanently anchored to foundation

Manufactured Housing Unit:
Unit must have a properly affixed certification label indicating the construction of the unit is in accordance with Federal Manufactured Home Construction and Safety Standards (FMHCSS):

Maine real estate- manufactured housing tag

Maine real estate- manufactured housing tag

 

 

 

 

Must meet agency thermal requirements:
Comfort Heating and Cooling Certification
FMHCCS Uo Value Zone 3 for all of Maine

Required Contractor Statements:
Statement by dealer-contractor that any cash payments/rebates will be deducted from price of unit and not paid to applicant

Statement by dealer-contractor that the proposed cost is the full price of the unit and all development activities

If the applicant is purchasing furniture with other funds, a lien will not be filed against the Agency/Lender’s security property
 
Required Inspections for Manufactured Homes:

Stage 1 Inspection:  Prior to or during placement of permanent foundation, but prior to backfill
Stage 2 Inspection:  Final inspection when construction is complete, unit is in place but prior to occupancy
-FMHCSS Sticker
-Comfort Heating & Cooling Certificate for Zone 3

 Approved Dealer/Contractor to provide:

 Lien Release  for all materials or labor furnished
 Manufacturer’s Certificate of Origin indicating that the unit is free and clear of all encumbrances
 Builder’s Warranty
 All manufacturer’s warranties to the applicant

Lender Requirements:

 Recertification or Satisfactory Completion Certificate
 Water Test, where applicable
 Septic System Approval, where applicable

For a list of approved manufactured home Maine dealers,  call our office at: 207-784-2525  or email – mike@meservier.com

New Website Resource For Maine Real Estate Buyers

Well it’s done and we rolled it out today! It’s a new buyer’s guide to inform Maine home buyers. We had this wonderful idea of helping Maine real estate buyers feel more comfortable and knowledgeable about the home buying process through the use of a user friendly website at http://www.HowToBuyAHomeInMaine.com

Here you won’t be in the least bit intimidated by the Maine real estate home buying process with great content like an easy to understand flow chart, link bookmarks and a glossary with definitions of real estate terms. We discuss key points needed to make informed decisions on your journey into home ownership. Whether you’re a first time home owner or an investor, you’ll see great value in these free tools, documents and information. We are here for you and want to be your REALTORS for life!

So if you are currently renting, moving to Maine or investing in Maine property, visit http://www.HowToBuyAHomeInMaine.com and you’ll soon see why the professional REALTORS at Meservier & Associates of Keller Williams Realty Mid Maine are your trusted resource to home ownership.

This Maine real estate web site is brought to you by Meservier & Associates of Keller Williams Realty Mid Maine – 34 Center Street Auburn, Maine 04210 – Office# 207-784-2525 – 43 years of combined service! Visit us online at these great sites: www.meservier.com – www.mainemls.infowww.mainerealestateexperts.comwww.MaineWaterfrontRental.com