Coastal Mountains Council President Nancy Hughes presents their local REALTOR of the Year Award to Jack Kelly!! Both Jack and Nancy work in our Camden Office.
Congratulations Jack!
Tuesday, June 14, 2011
Tuesday, May 3, 2011
April 2011 Top Producers
Congratulations to our April 2011 Top Producers:
Nancy Hughes from our Camden Office
Pam Gushee from our Rockland Office
Leonard Maxwell from our Waldoboro Office
Sunday, March 20, 2011
Buying a home after Foreclosure or Short Sale
Over the last few years we have worked with sellers who have either been foreclosed on or sellers who have sold their home as a short-sale. As time passes and these sellers begin to gain financial strength are returning as buyers that want to start planning for the purchase of their next home.
Homeownership is possible again however it should be noted that the banking industry is suggesting that people who have been foreclosed on will have to wait seven years before qualifying for a home loan. Those who have gone through the short sale process will also likely have to wait to purchase another home but the wait time varies and will depend on the person’s fico score.
If you have been foreclosed on or have been in a short sale situation it is essential that you work on bringing up your credit score, lowering debt and paying off bills. According to some banks, the necessary credit score needs to be in the 620 to 640 range however above 700 will result in a more favorable interest rate. This is not to say that these parameters might change between now and the time these individuals are qualified to purchase.
Just a few years ago it was fairly easy to purchase a home with little or in some cases no down payment. This is not the case today - save and be prepared to pay a down payment. There are still down payment assistance programs but the parameters are tightened and are not available to everyone.
The best place to begin planning for a home ownership is with your bank or financial advisor. Evaluate your finances and create a plan to boost your credit score and save.
Homeownership is possible again however it should be noted that the banking industry is suggesting that people who have been foreclosed on will have to wait seven years before qualifying for a home loan. Those who have gone through the short sale process will also likely have to wait to purchase another home but the wait time varies and will depend on the person’s fico score.
If you have been foreclosed on or have been in a short sale situation it is essential that you work on bringing up your credit score, lowering debt and paying off bills. According to some banks, the necessary credit score needs to be in the 620 to 640 range however above 700 will result in a more favorable interest rate. This is not to say that these parameters might change between now and the time these individuals are qualified to purchase.
Just a few years ago it was fairly easy to purchase a home with little or in some cases no down payment. This is not the case today - save and be prepared to pay a down payment. There are still down payment assistance programs but the parameters are tightened and are not available to everyone.
The best place to begin planning for a home ownership is with your bank or financial advisor. Evaluate your finances and create a plan to boost your credit score and save.
Monday, March 14, 2011
I want to own an Inn in Midcoast Maine: The White Gates Inn
We've heard the dream before. "I want to live in Midcoast Maine, enjoy quality of life, be my own boss and run an Inn (or Bed and Breakfast)....
This is a new listing from Martin Cates in our Rockland Office.
The White Gates Inn has been operating along Route 1 for years, welcoming guests to the motel with fine Mid-Coast hospitality. Featuring 5.12 acres, with 4 free-standing buildings.
Opportunity awaits for the entrepreneur looking for an adventure. Imagine the joy in flipping the NO Vacancy switch for your first time.
700 Commercial Street, Rockport
Main building built in 1920
Other structures built 1950-1970
5.12 acres along busy Route 1
$325,000 - in MLS Soon!
The White Gates Inn has been operating along Route 1 for years, welcoming guests to the motel with fine Mid-Coast hospitality. Featuring 5.12 acres, with 4 free-standing buildings.
Opportunity awaits for the entrepreneur looking for an adventure. Imagine the joy in flipping the NO Vacancy switch for your first time.
700 Commercial Street, Rockport
Main building built in 1920
Other structures built 1950-1970
5.12 acres along busy Route 1
$325,000 - in MLS Soon!
FMI - Contact Martin Cates at 207-596-0352 or mcates@jaretcohn.com
Saturday, February 19, 2011
YES - We still advertise properties in newspapers and magazines
Articles on marketing trends take the position that any company who spends money on print advertising is wasting money. There is also the theory that “old-fashioned” print ads make sellers feel good but that they really don’t sell houses.
You may call Jaret & Cohn Real Estate slightly “old-fashioned” because we still advertise properties in newspapers and magazines. We know that not everyone who buys a house (or who is helping someone look for a house) is actively online or tech savvy (Not everyone has a computer or smart phone). There is still a significant segment of buyers who still finds homes for sale in newspapers and magazines. Why would we would we want to ignore an entire group of potential clients by refusing to reach out to them in a way that appeals to them?
According to the National Association of REALTORS® 2010 Profile of Home Buyers and Sellers a vast majority of buyers begin their home search process online. These statistics do not mean that the Internet is the only way buyers search for properties or that online marketing should be our only source of advertising.
Selling a home, piece of land or commercial property takes a combination of marketing tactics that are specific to the property and target buyer audience. We listen to our client's needs, work our large network of Jaret & Cohn agents and community connections, leverage our experience, advertise online and YES – we still place ads in newspapers and magazines.
You may call Jaret & Cohn Real Estate slightly “old-fashioned” because we still advertise properties in newspapers and magazines. We know that not everyone who buys a house (or who is helping someone look for a house) is actively online or tech savvy (Not everyone has a computer or smart phone). There is still a significant segment of buyers who still finds homes for sale in newspapers and magazines. Why would we would we want to ignore an entire group of potential clients by refusing to reach out to them in a way that appeals to them?According to the National Association of REALTORS® 2010 Profile of Home Buyers and Sellers a vast majority of buyers begin their home search process online. These statistics do not mean that the Internet is the only way buyers search for properties or that online marketing should be our only source of advertising.
Selling a home, piece of land or commercial property takes a combination of marketing tactics that are specific to the property and target buyer audience. We listen to our client's needs, work our large network of Jaret & Cohn agents and community connections, leverage our experience, advertise online and YES – we still place ads in newspapers and magazines.
Friday, February 18, 2011
Spring Road Postings
Each spring, the municipalities and the MaineDOT evaluate potential damage to local roads and highways to determine whether weight restrictions should be imposed to prevent damage due to freeze/thaw action.
This time of year we find that these road postings can affect the real estate transaction and moving process. Keep in mind that large vehicles such as moving trucks and septic inspection/pumping trucks can not gain access to certain roads/areas. Think ahead and plan certain inspections and moving time frames so that they occur after the road restriction(s) have been lifted.
For further information about local road postings you can contact the appropriate town office.
This time of year we find that these road postings can affect the real estate transaction and moving process. Keep in mind that large vehicles such as moving trucks and septic inspection/pumping trucks can not gain access to certain roads/areas. Think ahead and plan certain inspections and moving time frames so that they occur after the road restriction(s) have been lifted.
For further information about local road postings you can contact the appropriate town office.
Monday, January 10, 2011
December 2010 Top Producers
Congratualations to the top producing agent for the month of December 2010 from each of our offices!
Camden office - Jarmila Volena
Rockland office - Carleton Johnson
Waldoboro office - Kirstie Ransdell
Belfast office - Mary King
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