Rick's Maine Real Estate Blog

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Real Estate Agent - Coldwell Banker Residential Brokerage
RECENT BLOG POSTS
One of my favorite clients, who has just passed the CPA Exam (congratulations Katya), became first time home buyers in 2009, the date was my birthday October 9, which is why I will always remember it.  Rather than wait for their 2009 return, she filed a revision for 2008 and was expecting the cre...
02/24/2010
Twenty percent of homeowners believed their home increased in value, although Zillow reports that 28 percent actually did.  Half of homeowners believe their own homes lost value during 2009, while 30 percent believed their homes' values stayed the same. In reality, according to Zillow, 65 percen...
02/19/2010
On Saturday, February 6th, the Chinese American Friendship Association of Maine (CAFAM) will be celebrating the upcoming Chinese New Year (The Year of the Tiger) at Catherine McAuley High School, 631 Stevens Avenue, Portland from 10:30 A.M. to 4 P.M.   The event will feature Chinese crafts and g...
02/03/2010
So how did we do?  Not bad, the number of sales was up 10,486 vs. 9502 in 2008, a 10 percent increase.   The median price of these homes fell to 164,000 vs. 180,000 in 2008, a drop of nearly 9 percent.  In Cumberland County, the increase in units was just over 9 percent and the median price dropp...
01/25/2010
Good news has come out from the Federal Housing Administration.                                                                                                             The current 3.5% minimum down payment remains unchanged, as long as borrowers have FICO scores of 580 or above.  Under 580 an...
01/21/2010
Planning on replacing your old refrigerator, washer, dehumidifier or air conditioner?            The Maine Utilities Commission, through its program efficiency MAINE, is currently offering their Appliance Rebate Program at selected retailers on selected Energy Star appliances.  The following reba...
01/17/2010
Yes!  I've heard a lot of talk about condos being impossible to finance going forward as FHA will no longer be doing spot approvals after January 30th.  For the great majority of buyers without large down payments, FHA is your best friend.  Replacing spot approvals is an entirely new process call...
01/12/2010
                                              Spacious log home with cottage style galore on secluded lot just minutes from Sebago Lake.                  Remodeled kitchen, Southern Pine floors, home office, 1st floor bedroom, built-ins, economical woodstove and much more. Absolutely charming - a...
08/25/2008
Skip lunch or that afternoon snack and plan to taste the best chili that Gorham businesses have to offer on Thursday, September 18 at 6:00 P.M. at the Little Falls Recreation Center (668 Gray Road, a.k.a. Route 202) in Gorham at the site of the old Robie School.  The event is sponsored by the Gor...
08/11/2008
Sales of single family homes skidded to 495 in January compared with a total of 688 in the same month in 2007. These figures were released by the Maine Real Estate Information System, Inc. earlier this week.More bad news for sellers - the statewide median sales prices for those homes dropped 2.22...
02/27/2008
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Rick Beal

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smartphone(207) 518-8637
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