In smaller rural markets, the approach to real estate property listings is a little different.
Than ones with nose bleed high, lots of zero places in the cost to own on the price tags dangling off what's for sale for housing stock.
There are real estate agents that put a limit to how low they will go property price wise as you see following the Active Rain blog comment thread in a recent post this morning.
And there are larger banks that will not touch a $50,000 or less house property price listing with a ten foot pole.
Because not lucrative enough or sometimes there are bigger issues.
On the home built helter skelter, with lots of loose ends that never went through a bank or legal title search process.
That were home grown houses, traded for two pigs and a chicken.
In small rural markets like Maine, there are plenty of local banks, lenders who with open arms and a large sincere ear to ear smile, tackle those smaller priced property listings. Because they don't sell all their loans, not packaging every house mortgage they underwrite and process for resale on the secondary mortgage market.
So if you are in a market where the norm for pricing of house listings if $200,000 and up and over the million dollar mark, get ready for a shock, surprise. In smaller rural markets for real estate listings in Maine.
Where you can skip the idea of needing a mortgage on the home all together because of the kid in a candy store exciting low priced properties.
All the time. Not once in awhile or a fluke. The norm, just the way things roll in the day to day.
Scope out the lowest to highest cost price property listings for all types of real estate in Maine.
Here is another Maine real estate portal to tap into, graze and poke around. To kick some tires on what is available for listings of properties.
Or the by far easiest way to quickly, completely take the on demand open house and local community area event tours, tap tap, double click with the mouse the Maine real estate video channel.
For show and tell, sweet, complete and memorable one after another videos for properties for sale, for the fun stuff that happens surrounding where the listings in Maine are parked.