Maine Real Estate For Sale !

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For Some Home Buyers, One House At A Time Is Only Way They Can Roll.

The house your own is too small, or you are relocating and need another home in the new location.

Eitherway, the idea of a bridge loan is shot down by the bank that really wants to make the mortgage on the next house. To do the paperwork and hand you a house payment booklet.

How to get to home base. Again, the second time around when you already are on the home bag. Playing it safe but wanting to get on base to begin the process to land at home again. A different one. Where the price tags are higher. More zero places. You'd like to buy a home.

But can not due to debt ratios, credit score, price range little league baseball player maine photofolks swim in at the new puddle of properties, listings.

You don't want to get an apartment.

Sleeping in your car at the local Walmart is not so enticing either.

What about if the place you are buying has apartments?

For rental income to add to the horsepower in the house buying power range you need to rev up?

Some argue buying another ME home is way way easier, less mess, fuss when you can start fresh.

Like buying a car and not dragging in the dog that has died, on it's last legs to muddy the wheel and deal on the trade. The reason you need a new ride is that dead horse no one wants.That needs to go to the glue or Jello factory.

Or the expression bad credit is better than no credit. Or the higher the price, the thinner the buyers. But there is a way to maneuver, weave your way through the obstacles of buying another home when you already own one.

Read full article on the Catch 22 buying, selling homes.

I'm Maine REALTOR Andrew Mooers, ME Broker

info@mooersrealty.com | 207.532.6573

Log on www.mooersrealty.com   www.ownmainerealestate.com

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Comment balloon 21 commentsAndrew Mooers | 207.532.6573 • May 17 2014 03:06PM

Comments

Andrew your article is quite interesting and thought provoking. Dreams can be had if you put body and soul into it and have a true professional Realto such as Andrew Mooers to help.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) about 6 years ago

This is a great article.  I always say that "in dreams there are no impossibilities." It requires hiring a Realtor and hard work to achieve your goals.  Thanks for sharing!

Posted by Diana White-Pettis, GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale (Bennett Realty Solutions) about 6 years ago

Noah ... Thanks for cruising in! Renters of homes for sale, another sore or happy topic.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Dear Andrew -
I guess you are suggesting looking outside the box - eh? Not a bad idea since everyone has some challenge to face.
Have a happy day -
Lynn

Posted by Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers (Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...) about 6 years ago

Diana .. We wear the hardest working letter in the alphabet. Bar none.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Lynn ... Good one.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Dear Andrew -
On your Renters in House post -
Yes - you certainly covered all the possible disasters and benefits there!
Have a happy day -
Lynn

Posted by Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers (Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...) about 6 years ago

Andrew, It is so true and there is mcuh that needs to be explored. A good agent need to be in the mix.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 6 years ago

Good morning Andy. If financing is going to be in the mix, the prospective buyers need a good idea as to what they can afford and what they shouldn't be looking at.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) about 6 years ago

Bridge financing is not for the faint of heart Andrew.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 6 years ago

Andrew, we face this issue daily.  Many home owners will need to get their existing home sold before they can entertain a new purchase.  Though there are a few creative solutions when one finds a willing seller.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 6 years ago

Debbie ... Have heard us termed a necessary evil. Like lawyers, bankers, doctors, appraisers, farmers and on and on. Facilitators because it is not just happen in real estate and lots of expensive things can happen to cause heartbreak.

CA ... Gulp. Waking up and worry at 3am does not do a body good.

Gabe ... Timing is everything and in the movies it all comes together in a hour and an half. On TV shows, in 22 minutes with three commercial breaks. In life, well, not so much cut and dry easy peasy. Cue the real estate professional, he, she is on. It's where we come in.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Joe ... You got that right. Without the who is ready, willing, able to pick up the tab for the house at the end of the process, it means we all are going to be outback washing dishes.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Andy,

It is true that the challenges for a person trying to both buy and sell simultaneously are very tough. I agree, living in one's car in Walmart is not a great solution. Finding a home, selling a home with all its facets are definitely not for the faint of heart. Be well.

Cal

Posted by Cal Yoder, Homes For Sale in Lancaster PA - 717.413.0744 (Keller Williams Elite) about 6 years ago

Cal ...  Thanks for adding to the blog post!

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Nope

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 6 years ago

Andrew, I have a Minnesota family desiring to relocate to Denver, and cannot sell their property back home.    It does get a little frustrating.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) about 6 years ago

Timing timing timing is just as important as the three "L's' everyone knows, recites as the end all. It won't matter about a super duper location if the timing is way way off to actually be ready, willing and able TODAY to move forward and buy.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Hi Andrew: Well said. timing is everything. There are just some things caught at the wrong time.

Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) about 6 years ago

Or right on schedule it happens the way it is going to. Hard telling without knowing.

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) about 6 years ago

Mortgage financing is a hot topic among retired seniors. Many have substantial retirement portfolios and excellent credit but find that they no longer qualify for financing because of their limited income.

Posted by Roy Kelley (Realty Group Referrals) about 6 years ago

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