Home Buying - Purchasing a Home in Southern Maine - Using a Buyers Agent or Buyers Broker.

Buying a home for your family or an investment property for your portfolio in Southern Maine can be one of the most significant investments in your life. For most, owning a home is a life-long dream. It brings with it pride of ownership, security and a feeling of control.

Buying an investment property can allow you the opportunity to earn extra income and invest your hard-earned savings into a stable investment. If managed properly, you may realize additional cash flow and build equity as your property appreciates in value.

Property values in Southern Maine are dependent upon many variables; location and amenities are two of the primary ones. Downeast Realty understands the Portland Maine Real Estate market. We have been helping people buy real estate in the Portland, Maine area for over 50 years.

There are many pitfalls to avoid while attempting to realize your new goals. Downeast Realty associates are skilled, knowledgeable professionals who will assist you with the purchase of your new home or investment property from start to finish. Among other activities, as your buyers broker or buyers agent, we will:

• Help analyze your needs and wants concerning your new purchase.
• Familiarize you with properties currently on the market and their value.
• Go over in detail the choices and steps in the process (e.g., paperwork, financial details, etc.)
• Help you in understanding the costs of homeownership: Mortgage Calculators
• Assist in the selection of a mortgage company that will fit your needs.
• Write and submit all offers and negotiate the best price and terms for you.
• Provide property disclosures, city records and discuss environmental issues.
• Provide you with a Good Faith Estimate.
• Recommend contractors, as needed, to provide information and quotes.
• Make sure all of the details of the contract are completed to your satisfaction.
• Be available post-closing as needed.

Contact Us to discuss the home buying process and see how we can help you avoid the Home Buying pitfalls.

Fair market rents for existing housing in Maine by county

Rates effective October 1, 2007

	Mobile Homes	Studio	One Bedroom	Two Bedroom	Three Bedroom	Four Bedroom	Five Bedroom
Androscoggin	$256	$417	$523	$639	$810	$897	$1032
Aroostook	$233	$394	$485	$582	$760	$837	$63
Cumberland	$340	$553	$660	$850	$1015	$1301	$1496
Franklin	$257	$489	$527	$642	$767	$995	$1144
Hancock	$286	$534	$615	$716	$1008	$1037	$1193
Kennebec	$252	$423	$507	$631	$861	$920	$1058
Knox	$292	$483	$639	$729	$987	$1139	$1310
Lincoln	$303	$584	$628	$757	$914	$942	$1083
Oxford	$250	$407	$542	$624	$831	$1042	$1198
Penobscot	$249	$517	$518	$623	$779	$955	$1098
Piscataquis	$286	$507	$578	$715	$907	$971	$1117
Sagadahoc	$320	$666	$667	$800	$966	$1386	$1594
Somerset	$239	$406	$504	$597	$843	$1028	$1162
Waldo	$294	$569	$610	$736	$902	$960	$1104
Washington	$252	$489	$528	$630	$781	$851	$979
York	$322	$609	$633	$805	$963	$1051	$1209

Source: Maine State Housing Authority

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Maine's highest home sale prices

Ranked by median sales price, 2007

		County	Median sales price
1.	Mount Desert	Hancock	$520,000
2.	Kennebunkport	York	$462,500
3.	Ogunquit	York	$458,875
4.	Falmouth	Cumberland	$399,000
5.	Harpswell	Cumberland	$394,000
6.	York	York	$375,450
7.	Eliot	York	$362,000
8.	Yarmouth	Cumberland	$343,000
9.	Camden	Knox	$340,000
10.	Cumberland	Cumberland	$339,750
11.	Southwest Harbor	Hancock	$337,500
12.	Cape Elizabeth	Cumberland	$330,000
13.	Damariscotta	Lincoln	$327,500
14.	Freeport	Cumberland	$320,000
15.	Scarborough	Cumberland	$317,050
16.	Rome	Kennebec	$316,450
17.	North Yarmouth	Cumberland	$302,500
18.	Rockport	Knox	$300,000
19.	Boothbay	Lincoln	$299,400
20.	Kittery	York	$286,250
21.	Bristol	Lincoln	$285,500
22.	Boothbay Harbor	Lincoln	$284,500
23.	Bar Harbor	Hancock	$283,500
24.	Blue Hill	Hancock	$283,000
25.	Deer Ise	Hancock	$282,500
26.	Kennebunk	York	$280,000
27.	Lincolnville	Waldo	$278,950
28.	Phippsburg	Sagadahoc	$278,750
29.	South Thomaston	Knox	$275,000
30.	Newcastle	Lincoln	$271,250
31.	Raymond	Cumberland	$267,500
32.	Owls Head	Knox	$257,000
33.	St. George	Knox	$253,000
34.	Edgecomb	Lincoln	$252,600
35.	Gorham	Cumberland	$245,000
36.	South Berwick	York	$245,000
37.	Arundel	York	$240,000
38.	Gray	Cumberland	$236,250
39.	Lovell	Oxford	$236,000
40.	Portland	Cumberland	$235,000

Source: Maine State Housing Authority

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We specialize in Multifamily, Condominiums, Single Family Homes, Waterfront Property and Commercial Real Estate in the following Southern Maine Communities:

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