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November 2012

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Connecting you with your community

A complete guide to homes, rentals and real estate in Central Maine and the surrounding area

LOW HEATING COST CUSTOM HOME

ENERGY EFFICIENT The low heating cost will amaze you! Gorgeous home with 3 bedrooms, 2 bath, 2nd flr den & study. 2 car attached garage + detached garage. Deck overlooks private backyard.

JERRY DOUGLASS REALTY Bethany • 782-2209

LEGACY REALTY

BATES COLLEGE AREA Elegant 4 bedroom home with 2 full baths, +2 half baths, HDWD flrs., master suite, updated kitchen, large living rm, din. rm., fam. rm. w/fireplace. +/- 2,349 sq. ft. located on +/- .78 acre lot..

$239,000.

NORM & DENISE BRODEUR 754-6060

WE’RE ONLINE

www.MaineHomeseller.net

TO ADVERTISE in this booklet call 1-800-482-0759


Call to view this

Waterfront Estate

Fall Areal View

207-344-3250

195 Center Street Auburn, ME 04210

www.janjacques.com

Waterfront

$359,999

Enjoy Year-round Sunny private 3+ acre lot is located on the water’s edge w/ views from every room. Screen porch, dock & log cabin too!

Ultimate!

$395,000

$779,000

Remarkable year-round home on Allen Pond Mahogany floors, high ceilings & dramatic windows w/pond views. Superb granite/tile kitchen w/custom cabinets & high-end appliances. Gas fp, sunroom, gorgeous master suite, deck, indoor pool, top-notch systems, dock, and walk-out basement w/garage off back of home.

Minot

$349,000

Amazing home offers privacy & quality! Open concept w/Birch & Maple kitchen, seethrough fireplace between dining and living. 1st floor master suite and extra garage w/ lift!

Reduced

$250,000

Just Listed

Pool & Tennis

$100,000

$217,500

Reduced

$187,500

Gorgeous Double Lot Shared Waterfront Gorgeous new kitchen! Private ranch with many upEnjoy beach & dockside on Owner says sell it today. Cute dates. HW floors, built-ins, cape situated on a spacious lot. Annabessacook Lake! Updated recessed lighting, 2 fireplaces Tile and hardwood floors plus 4 BR with HW floors, fabulous Formal dining opens to deck. kitchen, 2 FPs, pool & deck! corner fp in living room.

Waterfront

$200,000 To Be Built $150,000

Customize to your delight! Year-round Retreat! Incredible Grounds! This one-of-a-kind home awaits Great spot to expand with main This adorable ranch can be a dream come true. Come view house, summer cottage, building your viewing. Meticulously maintained both inside and out. lot & 2 RV hook-ups all located the lot & choose the plans to meet your needs & desires. on waterfront awaiting you! Spacious living on 3 floors.

Must See

$315,000

Convenient in-town location near Bates! 3500 sq. ft. of living, cherry & pegged oak hardwood floors. 2 family rms, 2 FPs, 4 bedrooms and screened porch. All on double lot!

Acreage

$300,000

Reduced

$150,000

Reduced

$99,000

Priced to Sell! Adorable well-kept New Auburn ranch offers updated eat-in kitchen and bath, private deck and backyard plus new roof!

Privacy

$179,000

Martindale Nearby! Buyer Wanted! Shared waterfront! Location, Location... Privacy plus spacious rooms! Country setting near town! Tin Simply darling interior! Step Beautifully kept, 3 bedroom, Almost 4000 sq. ft. of living on ceilings, hw floors & cozy inside & see for yourself. Great 2 bath. Offers formal dining & living rooms, 2 fireplaces, hard- 3 levels. Wood burning and gas 3-season sun room. 4+ acres, year-round spot for summer & wood, tile & fabulous landscaping. FPs, fabulous eat-in kitchen! stone walls, pasture. 2 garages! winter recreation enjoyment!

2

Just Listed

$134,900

Corner Lot

$44,900

Moose Pond

$125,000

Privacy

$335,000

Cul-de-sac location! Great spot to build! Convenient In-town Location! Up & Coming Subdivision Handsome 4 bedroom offers Spacious sunny rooms plus Beautiful country set corner lot Almost 2 acre plot is nestled in enclosed and open porches are w/ small pond located close to the tall pines. Build to your de- farmer’s porch, fully finished features of this 2 & 3 bedroom access of Exit 80 (Lewiston) sire or purchase the fifth-wheeler basement, patio & out building w/hot tub & pizza oven! which is set-up on the lot. multifamily. New Boiler too! of the Maine Turnpike!

Real Estate Review

November 2012


681 Sabattus Street, Lewiston

Broker/Owner OWNER WANTS OFFER!

Norm & Denise Brodeur (207) 376-4830

LegacyRealty@Legacy-Realty.net

PRICED REDUCED!

PRIVATE +-1.75 ACRES

This 4 BDRM. 2 BA. home offers +-1500 Sq. Ft. w/1st fl. laundry, 2 encl. porches, lg. yard + 3 gar. Close to schools, skiing & camping!! MLS #1053482 NORM 754-6060 $119,000

Gorgeous HDWD flrs., fully applianced kitchen, granite counters, 2 full baths. Daylight basement - easy to finish. 2 car garage MLS #1056758 NORM 754-6060 $159,900

3-4 BDRM cape w/enc. Sunporch and open Farmer's porch. HDWD. Flrs. Garage & large fenced-in backyard. MLS #1054025 NORM 754-6060 $89,500

RURAL DEVELOPMENT!

RURAL DEVELOPMENT!

CITY VIEWS!

Lovely 3 BDRM. Ranch w/lg. living/dining room w/granite fireplace. Maple HDWD flrs. Throughout! 3-season porch, 2 car att.Garage on +-1/2 acre lot in Auburn. NORM 754-6060 $139,900

Currently 2 BDRM w/expandable 2nd fl. All appliances inc. + pellet stove & shed. EASY TO HEAT! MLS#1061242 NORM 754-6060 $61,000

ONE OF A KIND! Wonderful Victorian home to entertain & enjoy! 4 BDRMS, updated kitchen, pantry, DR, LR & Fam. Rm. NORM 754-6060 $159,900

Dodie 423-4486

Laura 333-2321

Josh 240-9266

Tracie 577-7937 Brian 713-1618

Diane 754-5200

Gloria 418-7568

Stephanie 402-8400

ARE YOU LOOKING TO...

Buy a New Home?

Refinance an existing Home?

At Rainbow, “We are here for you!” Let us see what we can do for you. Call for a mortgage appointment or apply online!

4 conveniently located branches to better serve YOU! Rainbow FCU Main Office 381-391 Main St. Lewiston 784-5435 784-5453

November 2012

Mechanic Falls Branch Auburn Office South Paris Branch 20 Washington St., Auburn 1 Lewiston Street, McFalls 172 Pine Street, So. Paris 207-783-0351 346-3001 207-883-0351 743-5410

Federally insured by NCUA Real Estate Review

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Valuable information prior to buying or selling a home!

What is a CMA and Why Do You Need

One?

CMA is real estate shorthand for "Comparative Market Analysis." A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace. The first thing an agent will need to do to provide you with a CMA is to inspect your property. Generally, this inspection won't be overly detailed (she or he is not going to crawl under the house to examine the foundation), nor does the house need to be totally cleaned up and ready for an open house. It should be in such a condition that the agent will be able to make an accurate assessment of its condition and worth. If you plan to make changes before selling, inform the agent at this time. The next step is for the agent to obtain data on comparable properties. This data is usually available through MLS (Multiple Listing Service), but a qualified agent will also know of properties that are on the market or have sold without being part of the MLS. This will give the agent an idea how much your property is worth in the current market. Please note that the CMA is not an appraisal. An appraisal must be performed by a licensed appraiser. The CMA process takes place before your home is listed for sale. This is a good assessment of what your house could potentially sell for. CMAs are not only for prospective sellers. Buyers should consider requesting a CMA for properties they are seriously looking at to determine whether the asking price is a true reflection of the current market. Owners who are upgrading or remodeling can benefit from a CMA when it's used to see if the intended changes will "over-improve" their property compared to others in the neighborhood. Brought to you by the Androscoggin Valley Board of REALTORS速

Real Estate Review

November 2012


www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

When You REALLY Want TO SELL OR BUY Call (207) 782-2209

Serving the Central Maine area for over 30 Years www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

Owners Pride

shows in this 2004 Colonial! Hardwood floors, dining room & 2 baths. Deck overlooks private backyard. Manicured lot. Located at end of cul-de-sac. $197,500 Call Jerry

Looking for a Ranch in Auburn?

New windows, metal roof $95,000

Looking to downsize?

Updated Home

with Gourmet gas stove & nice backyard. Affordable home with LOW taxes! Convenient to hospitals & turnpike. Motivated Seller - Priced to move! Call Jerry

Energy efficient!

Plenty of Room!

Family room with fireplace, 2 offices & finished basement. 1st floor laundry. Security system. Attached 2 car garage. Attractive 1 acre lot. Call Jerry

Screen porch, updated bath $79,000

Call Bethany

Well maintained home with 3 bedrooms, 2 baths. Attached 2 car garage + detached garage. Attractive lot. Call Bethany to schedule your viewing!

Richmond 11+ Acres Surveyed & Soil Tested $35,000 Call Jerry

New Furnace!

New Windows! Fresh Paint! Plus 1st flr laundry room! Affordable, well maintained 3 bedroom home. Workshop area in walk out basement. Enclosed front & back porch. Garage. Call Jerry

Fully Occupied

6 Unit Multi-Family. Ample, paved parking area. 100% Occupied with good rental history. Building is in excellent condition - must see to appreciate! $190,000 Call Jerry

www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

Preparing Your Home for Your Move 1. Take the necessary steps to transfer memberships in clubs and organizations. 2. Inform creditors and credit companies of your change of residence. 3. Change your address at the Post Office 4. Notify insurance companies. Be sure to have proper coverage if you are moving to a new state. 5. Notify the utility companies of your new address for final billing and advise them of which date to discontinue service: gas, electric, telephone and water.

November 2012

Real Estate Review

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WANTS VERSUS NEEDS Before you begin house hunting, create a realistic "shopping list" to narrow your search and give you an overview of different properties. Looking for a home can take time, especially if you have not focused on what is most important. Create a "wish list" and a "must have" list. Many people focus more on "wants" than "needs." As a result, they sometimes reject homes that perfectly meet their needs in search of homes that meet their wants. That's not to say that you shouldn't try to get what you want – you should just be able to tell the difference between what you really need and what you would like to have. The following is a chart to help guide you in your search: !"#$ %&'(#)*+)

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Additional Notes:

Real Estate Review

November 2012


Can I realistically afford a home?

Wendy Pelletier 576-6369

wendyp@century21-advantage.com 506 Main Street â&#x20AC;˘ Lewiston, ME 04240

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Ann Parker BROKER/REALTOR

Happy Thanksgiving

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Wonderful one owner home! Overlooks Worthley Pond & Mountains. Family room w/ built-ins. ROW to amazing sandy BEACH & dock! Separate 2 car garage w/ overhead room. Nicely landscaped w/ gazebo. $189,000

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A charming home on a wonderful corner lot. This is a redesigned 2 sell property! 2-3 bedrooms, wood floors, molded ceilings, new lighting, fresh paint throughout. New Roof! Skiers take notice! Casino Area! $92,000

Waterfront on Canton Lake with charming cottage Waterfront camp, 1.4 acres in Hartford Waterfront land on Togus Pond with 360 ft.of frontage

$159,900 $139,000 $79,000

Custom home with 30 acres of possibilities. You may have horse or explore commercial ventures as it borders potential rail line in back. May even create more lots to recoup investment. Sits quietly back from road with fields and trees for privacy. Single-story and open living! $429,000

Unbelievable neighborhood for this wonderful gambrel. Hardwood floors, freshly painted and updated. Large private back yard, porch and garage. Fully applianced and ready to move right in. So warm, bright and sunny. An opportunity to live in a great home and a great area. $134,000

T A LOW SH PR OR IC TS E AL E NO

2 2 AC BA R RN ES S /

506 Main Street Lewiston, ME 04240 Cell: 754-7809

S WAPEC TE TAC RF U RO LA NT R

!

ADVANTAGE

Let us take the time this Holiday season to give thanks for all that surrounds usâ&#x20AC;Ś

Beautiful newer home at end of dead end street. Radiant heat, open concept layout, wood vaulted ceilings. 3-4 bedrooms, 2 baths, walkout daylight basement with lots of room for a finished family room. Plenty of storage. $149,000

NE NE WL W L Y U IS PD TING AT ED

There are many options available to home buyers who need help with down payments. Some mortgage financing requires as little as 3 percent down. How much will you need at closing? Consider a family that wants to purchase a $150,000 home with a required down payment of 5 percent. The down payment would total $7,500. You also have to be prepared to pay closing costs, which can range from 3 percent to 6 percent of the sales price of the home. For a $150,000 home, that would mean $4,500 to $9,000, depending on your down payment.

Well maintained one owner home. Beautiful updated kitchen, maple cabinets, wood floors, 4 bedrooms, 1 bath, 1 car garage with a lovely backyard and porch to sit on. Nicely landscaped and convenient location near I-95. Not a drive by! $124,000

NE 30 W L AC IST RE ING S

Lenders typically want the buyer to contribute a portion of their own funds toward the purchase of a home. These funds are often referred to as the down payment.

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Direct line:

Impeccable waterfront home that is your own retreat & vacation spot. Custom built w/quality throughout. Spacious & flowing large living room/family room, library area, four season sun room overlooking the Birches and water. Finished walk-out basement. Groomed & landscaped over six plush acres. Three car garage. $369,000.

Absolutely stunning! Better than new-customized with stainless steel appliance, fireplace, formal dining and master suite to die for! Includes nearly 2 acres with garage, shed and small barn. Deep back yard with fire pit area and so much more!! First time offered! $144,000

Wonderful cape in quiet desirable neighborhood. Three bedrooms, garage and nice back yard. Mudroom and enclosed porch add to the living space. Plenty of storage and economical to maintain. A Great opportunity to get something beautiful and affordable. $107,000

PR FOU IVA R TE BE , H DR UG OO EY M AR D

NE W TU LI RN ST ER ING

TO REDU BU CED ILD & IN G REA REE DY NE

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783-8115 Ext. 225

Spectacular four bedroom cape in desired neighborhood. New custom kitchen w/ corian & gorgeous cabinets. Hardwood & tile flooring throughout. Formal dining w/ sliders to huge private yard surrounded by trees. First floor den/office, porch and garage. $155,900

Center floor to ceiling brick fireplace is the focal point of this spacious cape. Cathedral ceiling, tile flooring, large deck and nearly 2 acres surrounded by rock walls. Gorgeous gardens, first floor laundry, large loft with open beams, pool table/guest quarters. Private master suite with excellent views and sitting area. Newer roof, furnace, siding and very economical. Choice of 3 heating sources. $259,000

Gorgeous private setting of 2 acres. Preliminary work all done and ready to build! Lower taxes from being out of town, yet minutes from L/A. Soil tested, surveyed and driveway permit done! $35,900

Great neighborhood and convenient location for this four bedroom, 1 1/2 bath cape. Stainless steel appliances, wood and tile floors. Newer energy efficient furnace. Private fenced yard and huge deck and storage shed, all on a corner lot. Extra space could be den or office. Available for immediate occupancy. Bright and cheery home that you have been waiting to come on the market. $161,950

Email:

amjparker@yahoo.com

November 2012

Real Estate Review

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WWW.TEAMLITALIEN.COM

LEWISTON

Gorgeous & Spacious Cape in Lewiston. Features 5 bedrooms, 2 baths, hardwood, built-ins, formal dining, 2 car attached garage, 3 season porch & newer shingles. #1065554. Only $159,900! Call Roy at 754.6789 8+ ACRES

Own your own business! Building w/ approx 4000 sq. ft. in Sabattus. Features approx 9 private wooded acres, 2 kitchens, 2 wet bars, 2 dance halls, 3 bathrooms, gorgeous rock fireplace & gorgeous views of Sabattus Lake. Ideal for hall rentals, receptions, reunions, catering, flea markets & more! #1061912 $135,000. Call Roy 754.6789 NEW LISTING

1994 ranch in Minot with gorgeous 2005 in-law apartment! Features 2 acres, deck, 2 car attached garage with breezeway, 2 car garage under, woodstove, pine floors, hot tub and more! Lots of room here for your toys! #1068488 Only $215,000! Roy 754.6789

• WWW.TEAMLITALIEN.COM

8

Awesome 2009 custom built Colonial in Auburn near country club & turnpike. Offers approximately 3,000 sq. ft., 5 bedrooms, 3 baths, open concept, master suite, gorgeous granite counters & hardwood floors, 1st floor laundry, porch & 2 car garage. #1052073. Only $235,000! Call Laura at 212.8633

WWW.TEAMLITALIEN.COM

• WWW.TEAMLITALIEN.COM

AWESOME 2009 COLONIAL!

Century Century 21 AdvantaRoy 21 Advantage 754-6789ge • 506 Main • 506Street, Main Street, Lewiston Lewiston Real Estate Review

November 2012


• WWW.TEAMLITALIEN.COM

GORGEOUS 2004 CONTEMPORARY!

NEW LISTING!

Fully furnished home on North Pond! Newly built and ready for you and your family! Full basement, cathedral ceiling, loft, skylights, deck, 450’ of waterfrontage, even comes with an aluminum boat and camper! You will need nothing but your fishing pole! #1066200 Only $225,000! Laura 212.8633

Awesome 2009 custom built Colonial in Auburn near country club & turnpike. Offers approximately 3,000 sq. ft., 5 bedrooms, 3 baths, open concept, master suite, gorgeous granite counters & hardwood floors, 1st floor laundry, porch & 2 car garage. #1052073. Only $235,000! Call Laura at 212.8633

Beautiful 2004 Contemporary in Lewiston. Features 2 car attached heated garage, deck, patio, gorgeous hardwood & tile, fireplace, formal dining, central vac, huge bonus room above garage & more. A great neighborhood! #1051929. Only $217,500! Roy 754.6789

Lovely Cape in Auburn. Features 8+ acres, awesome country setting, In-law apt, 2 car detached garage, 3 car detached garage, tons of storage, pellet stove, porch, deck and more! #1069432 ONLY $175,000! Roy 754.6789

LISBON FALLS

LEWISTON

AUBURN

LEWISTON

Completely remodeled Raised Ranch in Lisbon Falls. Features 5 bedrooms, 2 full baths, stainless steel custom kitchen...everything is brand new! #1066290 ONLY $149,900! Call John at 754.9492

Gorgeous & Spacious Cape in Lewiston. Features 5 bedrooms, 2 baths, hardwood, built-ins, formal dining, 2 car attached garage, 3 season porch & newer shingles. #1065554 ONLY $159,900! Call Roy at 754.6789

Gorgeous 2007 home in Auburn! Features 1/2 acre, 1 car garage, patio, 3 bedrooms, 2 baths & more. Nestled in a subdivision w/ cul-de-sac. #1062031 ONLY $139,000! Laura 212.8633

Ranch in a wonderful neighborhood in Lewiston! Offers 2 car garage, deck, private back yard, finished daylight basement, tile flooring, 4 bedroom, 2 baths & more! #1067243 ONLY $156,500! Roy 754.6789

NEW LISTING!

FULLY RENTED

TO BE BUILT CONDO IN AUBURN!

NEW LISTING!

Awesome Ranch in Sabattus. Features 3 bedrooms, new roof, windows, doors, paint flooring and more! Partially finished basement and attached heated garage! # 1057960 ONLY $149,900! Call Laura 212.8633

Well kept fully rented 3 unit in Lewiston. Features 3 car garage, ample parking, nice yard, laundry hook-ups, porches & newer furnace. #1057487 ONLY $114,900! Roy 754.6789

Features quiet intown location, 25 common acres, 2 car garage, 2 bedrooms, hardwood & more. Close to shopping! $199,000. Call Mike at 212.3684 For more details.

WHY RENT?

8+ ACRES

TOTALLY REMODELED!

NEW LISTING!

Attractive and updated cape. Centrally located near bus terminal and all in town amenities. Newer windows, siding, roof, flooring. Why rent when you can own this lovely home!! #1066092 ONLY $55,000! John 754.9492

Own your own business! Building w/ approx 4000 sq. ft. in Sabattus. Features approx 9 private wooded acres, 2 kitchens, 2 wet bars, 2 dance halls, 3 bathrooms, gorgeousrockfireplace&gorgeousviewsofSabattusLake. Ideal for hall rentals, receptions, reunions, catering, flea markets & more! #1061912 $135,000. Call Roy 754.6789

Totally remodeled cape in Sabattus! Brand new kitchen, bathroom, paint, flooring, windows, plumbing, etc. done right! Stainless steel appliances, large deck, back yard. Beautiful, a must see! #1066309. Only $94,900. Laura 212.8633

Gorgeous Raised Ranch in Lewiston. Features ½ acre, huge back yard, deck, landscaping, shed, 3 bedrooms, 2 baths, hardwood & more! #1066686 ONLY $159,900! Roy 754.6789

4 CAR GARAGE!

RIVER FRONT!

LEWISTON

NEW LISTING!

Gorgeous Colonial in Auburn. Features 4 car garage, deck w/ hot tub, 1 acre, hardwood & marble, huge bonus room, skylights, fireplace, security system, master suite & more! #1044253 ONLY $250,000! Laura 212.8633

Cute river front property in Auburn. Features hardwood floors, upd kitchen, formal dining, built-ins, deck, fenced in back yard & awesome water views!! #1049302 ONLY $84,900! Laura 212.8633

Gorgeous fully rented 2 unit in Lewiston. Features garage, fenced in yard, 3 season porch, vinyl windows and siding and more! Awesome owner occupy!! #1070356 ONLY $89,900! Roy 754.6789

Gorgeous 1999 ranch In Turner. Features 2.5acres,awesomeviews,deck,3bedrooms & more! MLS # 1071840 ONLY $149,900! John 754.9492

1993 double wide in Sabattus. Features approx. 1 acre, 2 car garage, fenced in backyard, 3 bedrooms, 2 baths & more! # 1070896 ONLY $89,900! John 754.9492

• WWW.TEAMLITALIEN.COM

WWW.TEAMLITALIEN.COM

AWESOME 2009 COLONIAL!

WWW.TEAMLITALIEN.COM

WATERFRONT!

Century Century 21 AdvantaRoy 21 Advantage 754-6789ge • 506 Main • 506Street, Main Street, Lewiston Lewiston

November 2012

Real Estate Review

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Wendy Pelletier 576-6369

wendyp@century21-advantage.com 506 Main Street, Lewiston, ME 04240

OPEN HOUSE TUESDAY, NOVEMBER 6TH 4:30 pm - 6:00 pm

Very nice cape with 3-4 bedrooms. Beautiful oak living room floor, family room, eat in kitchen, large master bedroom, great double lot in a fabulous location! Full walk out basement with 4 windows to finish off for more room. Beautiful perennials! New septic system! $134,900

Ann Parker

10

Become the homeowner you always dreamed of being!

G -CED N I T U LIS RED W NE IDLY P RA

BROKER/REALTOR

ADVANTAGE 506 Main Street Lewiston, ME 04240 Cell: 754-7809 Direct line:

783-8115 Ext. 225 Email:

amjparker@yahoo.com

Wonderful quiet neighborhood with economical living. Updated siding, windows, roof and your choice of heating with oil, propane or wood. Den or office in basement, plus workshop. Gorgeous new kitchen with stainless steel appliances, tile and center island. Living room plus family room and freshly painted throughout. More than meets the eye and everything is done for you! $132,000

Real Estate Review

November 2012


HOW MUCH CAN I AFFORD TO SPEND? For a general idea of your buying power, multiply your annual gross income by 2½. For example, if you had a household income of $50,000, you might be able to qualify for a $125,000 home. The actual number may be more or less, depending upon your individual situation, debts and credit history. You need to decide for yourself if you can live comfortably with the amount of your suggested monthly mortgage payment. However, mortgage lenders generally use two ratios to help determine how much you can afford to spend each month on your mortgage payment.

HOUSING EXPENSE RATIO As a general guide your monthly mortgage payment should be less than or equal to a percentage of your income, usually about a quarter of your gross monthly income. The percentage can change depending on the type of mortgage you choose. However, there are mortgage products available that focus solely on the debt-to-income ratio. Your lender can provide more information on these types of mortgage products.

DEBT-TO-INCOME Debt-to-Income Ratio is the percentage of gross monthly income that goes toward paying for your monthly housing expense, installment debts, alimony, child support, car payments, and payments on revolving or open-ended accounts such as credit cards. Your buying power can be affected by factors such as your income, debt and credit history. Your debt, such as credit card bills and car loans, and other expenses such as housing expenses, alimony and child support, should not be more than about 30-40% of your gross income.

Some helpful hints... ! Set a budget with your estimated mortgage payment. Make sure to include taxes and insurance in your estimated payments. ! Remember your housing budget should include utility costs and a set amount for future home maintenance and repair costs. ! Make sure you can meet your other financial goals, such as saving for retirement and paying for college tuition. ! Once you review your finances, select a mortgage amount that allows you to reasonably meet your long-term goals and needs.

November 2012

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Why You Should Work With a REALTOR Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are nine reasons why it pays to work with a REALTOR®.

1

You’ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

2

Get objective information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

3

Find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.

4

Benefit from their negotiating experience. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5

Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.

6

Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

7

REALTORS® have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

8

Buying and selling is emotional. A home often symbolizes family, rest, and security- it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

9

Ethical treatment. Every member of the NATIONAL ASSOCIATION of REALTORS® makes a commitment to adhere to a strict Code of Ethics, which is based on professionalism and protection of the public. As a customer of a REALTOR®, you can expect honest and ethical treatment in all transaction-related matters. It is mandatory for REALTORS® to take the Code of Ethics orientation and they are also required to complete a refresher course every four years.

This information is provided by the Androscoggin Valley Board of REALTORS® and the NATIONAL ASSOCIATION of REALTORS® Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®. Real Estate Review

November 2012


Worden Realty

ERA

Tim Worden

473 Center Street • Auburn, Maine 04210 www.eraworden.com • mailroom@eraworden.com

Broker/Owner

BUY NOW!

1069410 Recently painted 2 bedroom condo with all appliances, private deck and garage, pets allowed. $119,900 Call Mary Ann 577-2754

1060593 A 3 bedroom, redone bath, all appliances, fireplace, hardwood floors, new furnace, corner lot. $129,900 Call Mary Ann 577-2754

1059568 A 4 bedroom, 2.5 bath tri-level has family room, fireplace, garage with storage and big yard with patio. $148,800 Call Mary Ann 577-2754

Sheila Delamater 212-7405

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PORTLAND 1068726 historic 1850 Greek Revival with splendid detail, 2 story carriage house, .96 acre lot. $399,900 Call Sheila 212-7405

LIE BE

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1060467 OFF TURNPIKE! Washington Street garage 5-8 overhead doors,large paved lot, 3 furnaces, 3 offices. $219,000 Call Mary Ann 577-2754

LIE

1064292 Home on Togus Pond completely rebuilt, has 3 bedrooms, 2 baths, all appliances, generator, gas stove and more. $193,500 Call Mary Ann 577-2754

1053020 New kitchen, a new roof and windows in 3 bedroom ranch near St. Mary’s Hospital. $105,000 Call Mary Ann 577-2754

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Mary Ann Norcross 577-2754

1065201 Bank owned, BANK WILL FINANCE 100 %, FOR BUYER, 3-4 bedroom home has 1.5 baths and Fairview area, huge yard. Call Mary Ann 577-2754

RUMFORD 1060428 3 bedroom, 2 bath New Englander. Hardwood floors, new Buderus furnace, new roof, gorgeous porch. $79,900 Call Sheila 212-7405

ROXBURY SILVER LAKE 1063472 Campground priced for quick sale, 25 sites & yr round home all for an unbelievable price. $279,900 Call Sheila 212-7405

PERU 1039358 170’ frontage on Worthley Pond. A year round 1989 Saltbox 3 bedroom home. Tons of glass, great views, skylights, cathedral ceiling, .92 acre. $269,000 Call Sheila 212-7405

PERU 1059974 LOG HOME on 1.72 acre lot with detached 28x32 2 bay garage plus carport. Gorgeous spot! $136,900 Call Sheila 212-7405

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CARTHAGE 1068581 Modular in excellent condition, 1.70 acre, rural, attached 2 bay garage. Numerous updates. $129,900 Call Sheila 212-7405

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SEBEGO LAKE ESTATES 1067450 2.39 acre, 3 common beaches, personal boat slip, lot has driveway, association. $135,000 Call Sheila 212-7405

View ALL MAINE LISTINGS at:

November 2012

www.eraworden.com

Real Estate Review

13


207-344-3250 Visit

www.JanJacques.com to view visual tours, interior photos and ALL Maine listings.

195 Center Street Auburn, ME 04210

Email: JanJacques@kw.com

More FEATURED PROPERTIES from

JAN JACQUES & COMPANY

Reduced to Sell!

$225,000

Selling the Family Estate... This spacious 6 bedroom non-traditional styled Cape built in 1860 with separate 4-stall barn is beautifully situated on 10+ acres! It is ready to be lovingly up-dated and offers high ceilings, hardwood floors, 3 fps, glassed-in sunroom, library & large formal dining room with french doors to porch!

Reduced to Sell!

$200,000

Ready to occupy today! Come take a look at this handsome 3 bedroom full-dormered Cape with walk-out basement leading to private brick patio overlooking the gorgeous grounds! Enjoy the beautifully maintained hardwood floors, 2 fireplaces, custom Woodmode kitchen complete with appliances plus in-law potential in the lower level.

Cul-de-sac Location! $330,000 Recreation Nearby! $250,000 Convenient to Everything! Range Pond State Park Area The location of this spacious home is an easy While situated close to the state park, you will commute of the turnpike entrance plus it is also find a golf course just around the corner. convenient to Auburnâ&#x20AC;&#x2122;s in-town area. You will The home itself offers cathedral ceiling in the find a contemporary flair in this spacious 4 living room which boasts of a massive brick bedroom, 3.5 bath designer property. Enjoy fireplace. The handsome oak kitchen displays the hardscaping and patio that surrounds the new granite counter tops and opens onto a ultimate in-ground swimming pool. large awning-covered back deck. Call today!

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Real Estate Review

November 2012


n o i t n Atte

Business Owners Business loans available up to

$250,000.00

equal opportunity lender

Are you expanding, purchasing state-of-the-art equipment, upgrading your machinery, thinking of starting a new company or even looking for a new business home? Contact Stephanie Lewis to learn more. slewis@economicgrowth.org

• Prime 5.33 acre lot in Lewiston Industrial Park, a mile from Exit #80. • Site is graded and pad ready for building construction. • Fully permitted & approved for 150’ x 300’ or 48,000 sq. ft. building. • Public water & sewer, 3-phase power, natural gas already installed.

Lewiston Development Corporation 207-784-0161 • www.economicgrowth.org

November 2012

Real Estate Review

15


T ER R Y H EWITT

BELANGER REALTY Visit: www.TerryHewitt.com

tt

Terry Hewi

for ALL current listings in Maine

998-4516 Ext. 203

Cell: 207-240-9196

EMAIL: RealEstateWithTerryHewitt@gmail.com

WHITNEY POND

This Wonderful year-round Post and Beam home on Whitney Pond offers screened porch, deck,3 wood stoves, wood & tile floors, 2 baths, cathedral ceilings, exposed beams, 1st floor master, tar drive, huge garage, plus much more! $289,000

This classic Maine Cottage on Whitney Pond offers 4 bedrooms, large deck, wonderful water views, sandy bottom for great swimming, woodstove, wood floors, year round access, large lot and much more! $189,000

THOMPSON LAKE

This quality built, immaculate, year-round home with expansive Thompson Lake & Mt. views from almost every room offers 4 large bedrooms, open floor, cathedral ceilings, 420 feet of waterfront, 2 dock systems, HUGE garage. $449,000

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THOMPSON LAKE BEAUTY

Gorgeous year-round home offers wood & tile floors, stone fireplace, 3 or 4 bedrooms, HUGE custom kitchen and dining area, large master suite, 2 full baths, expansive water views, patio and deck area, tar drive, sandy waterfront on pristine Thompson Lake. $349,900

POLAND

MIRROR POND OXFORD

This wonderful post and beam home offers sandy waterfront on Mirror Pond, large lot, water views, cathedral ceilings, custom kitchen, spacious bath with jetted tub, open floor plan, radiant heat, and more! Swim fish and enjoy.! $219,900

WHITNEY POND

Real Estate with a diff different erent point of view...Yours!

Quality home offers wrap around covered porch, grand fireplace, wood and tiles floors, sunroom, decks, 2 baths, formal dining room, large barn + 2 car garage, Pastoral views of Tripp Lk. Gorgeous woodwork,updated systems, was used as B&B at one time. $179,000

THOMPSON LAKE

2 car garage with guest quarters on Pristine Thompson Lake. 8.3 acres of peace and serenity. 200 feet of deep water frontage. 2 huge decks, fieldstone fireplace, tar drive, outbuilding, and much more. A must see! $399,000

POLAND

Quality built home on a quiet dead end road, wood and tile floors, 2 large bathrooms, large family room, nice oak kitchen, 2.8 acres of privacy, seasonal water views, deck and much more. Seller has short sale approval!! $164,900

WONDERFUL LOCATION!

Over 5 acres of peace and serenity. Watch the wild life from your front door. This newly updated ranch offers, open floor plan, new flooring, new roof, recently painted, 3 bedrooms and 1.5 baths. Affordable living loaded with extras!

Visit: www.TerryHewitt.com for ALL current listings in Maine Real Estate Review

November 2012


November 2012 RER