Land in Maine ... Three words that are loaded, can be like toppings on the pizza you order from the local deli or corner take out grocery.
Many of our Maine land buyers just want as big as they can get for as low cost as possible.
Others like purchasing a diamond, a precious gem say ease back on the quantity and throw in some quality feature toppings if you would, please and thank you.
But no matter if the property offers a jaw dropping view, proximity to some Maine recreational attraction, the lower cost the listing, the better.
The bread and butter Maine land listings have less zero places in the property price.And if there are owner financing terms, a seller owner who will carry a mortgage, all the better. Banks in Maine, everywhere are not so cranked on making land loads. Lending money on property secured by just acreage.
The banks like to sell the property mortgage. Make a chunk of change up front. Not have to carry the debt, strain on the books. Homes are easy to get out there for investors in the wide open blue yonder to purchase a chunk of the mortgage paper. Peddling it with much success on the secondary mortgage market. Land, not so much. The more attractive the owner financing land loan terms, the higher the price that can be dialed in, factored for the purchasing final selling price too.
Today's Maine land special report from the Maine Real Estate Channel is on farms. Maine farms, how to surgically perform the delicate operation to make one big one smaller and not shoot yourself in both feet in the process.
Maine, big state, some kind of friendly people and four season natural beauty. Pure and simple. That's ME.