" " " Maine's Waterfront Real Estate News: April 2009

Monday, April 27, 2009

A New Look (For Our Website)

We have continued to make improvements to our website, which we would invite you to take a look at if you haven’t recently…www.WaterfrontPropertiesOfMaine.com.

A major change is that we have added some outstanding photos of the state of Maine taken by Paul Vose, a well-known photographer from Cape Elizabeth. His specialty is aerial/panoramic photos taken with specialized equipment. As you will see, the results are fairly spectacular. You can order prints of his photos in several sizes -- and framed if you like. Just go to his website www.eaarts.com for a look at his images and ordering information.

Other recent improvements include “Interactive Maps” for each category of waterfront property, which lets you locate each listing on a map of Maine – and each listing now has a “Body of Water” button, which, when clicked, will give you extensive information on the lake, river or coastal area where the property is located.

Stay tuned for future improvements…

Monday, April 6, 2009

"Now" is the Time to Buy...

There is an old saying in real estate circles: “NOW is always the best time to buy”. Why? Because it is always a good time to buy a good piece of real estate, at a good price -- if it meets your needs.

Historically, real estate in the United States has always increased in value over the long run – and it is the best wealth building tool available to individuals -- plus for the majority of Americans, it ends up being the largest slice of their net worth and financial estate.

Today, given the current market conditions, many professionals think this is the best buying opportunity in decades:

1) Selection: There is an unusually large inventory of properties to choose from.
2) Prices: There has been an average decline in prices of 20-30% since the peak of the market 2 years ago.
3) Interest Rates. With decent credit, 30 year fixed mortgages at 5% (and perhaps going down to the 4% range) are historic lows, making lower priced housing even more affordable.
4) Timing: Because of real estate’s cyclical nature, sooner or later the inventory will decline (it is already starting to be absorbed by bargain hunters), prices will level off, interest rates will start to rise, sellers will become less flexible…and the bottom will be behind us. We think buyers will have this unique opportunity through the first half of 2009 before the market begins to change -- as it always does.