Marc Chadbourne, CENTURY 21 Nason Realty Inc.

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Marc Chadbourne

  • Marc's June Real Estate Update

    Here is a link to my "June Real Estate Update":

    http://realtytimes.com/139/MarcChadbourne

    This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

    This month's issue includes topics such as: 

    "Plenty of Reasons to Buy a Home Even After the Tax Credit";
    "It's a Good Time For a Home Inspection";
    "Appealing Your Property Tax Bill"; 
    "Where is Real Estate Headed?"; 
    "Is Your Home in Tip-Top Shape for Sale?";

    Plus a roundup of May real estate activity as well as much more advice and information.

    I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too! 

    If you do not wish to receive this Newsletter each month, please reply to this e-mail with the word 'REMOVE' in the subject line.

    Sincerely,
    Marc Chadbourne
  • Maine Smoke & CO Law change

    March 29, 2010

    Effective Immediately: State of Maine Smoke and CO Detectors Law Change

    EFFECTIVE IMMEDIATELY - SMOKE AND CO DETECTORS LAW CHANGE: Governor Baldacci has signed into law LD 1497 as amended by Committee amendment “A” and House amendment “A”. It is an emergency enactment, so it goes into effect immediately. It amends the smoke and carbon monoxide detector law which passed last year as Public Law 162, and which went into effect as to part on September 12, 2009 and part(impacting closings) on October 31, 2009.

    There are numerous changes to the prior law and more information will be coming from the State Fire Marshall’s office in the near future. There is a new certification form [link posted at http://mainerealtors.com], and a new FAQ document [not yet finalized]. Since the law is now in effect the most compelling change for our members is that unless previously required to be there, smoke and carbon monoxide detectors do not need to be placed in the home being purchased by the buyer before closing. Previously required detectors would be both types (smoke and CO) in multi family buildings, and smoke detectors for any homes built since 1981 (or with a rehab adding bedrooms or a conversion to a residence since 1985), and carbon monoxide detectors for any homes built or converted or rehabbed and adding bedrooms since September 12, 2009. In these previously required instances, the seller should already have the appropriate detectors in place.

    The new law requires the purchaser to sign a certification at closing which states that the appropriate detectors will be installed by them within 30 days of acquisition or occupancy of the dwelling, whichever is later. The language from the statute is as follows:

    “10. Transfer of dwelling. A person who, after October 31, 2009, acquires by sale or exchange a single-family dwelling or a multiapartment building shall install smoke detectors in the acquired dwelling within 30 days of acquisition or occupancy of the dwelling, whichever is later, if smoke detectors are not already present, and shall certify at the closing of the transaction that the purchaser will make the proper installation. This certification must be signed and dated by the purchaser. The smoke detectors must be installed in accordance with the manufacturer’s requirements at the time of installation. The smoke detectors must be powered by the electrical service in the building or by battery. A person may not have a claim for relief against a property owner, a property purchaser, an authorized agent of a property owner or purchaser, a person in possession of real property, a closing agent or a lender for any damages resulting from the operation, maintenance or effectiveness of a smoke detector. Violation of this subsection does not create a defect in title.”

    For carbon monoxide detectors, the language is almost the same, although the location of the detectors is specified, and the detector must be powered both by the electrical service (plug-in is ok) and by battery backup. The language from the statute is as follows:

    “6. Transfer of dwelling. A person who, after October 31, 2009, acquires by sale or exchange a single-family dwelling or a multiapartment building shall install carbon monoxide detectors in the acquired dwelling within 30 days of acquisition or occupancy of the dwelling, whichever is later, if carbon monoxide detectors are not already present, and shall certify at the closing of the transaction that the purchaser will make the proper installation. This certification must be signed and dated by the purchaser. The carbon monoxide detectors must be installed in accordance with the manufacturer’s requirements at the time of installation in each area within, or giving access to, bedrooms and must be powered both by the electrical service in the dwelling or building and by battery. A person may not have a claim for relief against a property owner, a property purchaser, an authorized agent of a property owner or purchaser, a person in possession of real property, a closing agent, or a lender for any damages resulting from the operation, maintenance or effectiveness of a carbon monoxide detector. Violation of this subsection does not create a defect in title.”

     Source: Maine Association of Realtors

  • Great Advise for selling your home.

    Sell Faster When You Understand The Buyers Mindset

    When most sellers list their home for sale the first thing they think about is how much will I get and that is usually followed by how soon will I get the money. It's certainly understandable that those two concerns are, most often, top of mind. After all, you're likely selling your home to buy another one or invest the money in something else.

    But, if as a seller, you can get into the buyer's mindset, the sale of your home can come faster and for more money.

    Understanding the way buyers think involves seeing things not from your perspective but from your potential buyer's mindset. It can sound easy but actually it's often harder to do than most sellers think. The psychology of buying is driven by emotional experiences, money, and timing. With that in mind, sellers can help create optimal circumstances that literally help walk the buyer through the process and completion of the sale of your home.

    It starts with a feeling. When you meet someone for the first time, you form a first impression based on a feeling. That's exactly what happens when buyers set foot into your home. Work with an experienced agent to learn exactly what kind of impression your home is giving off. If it's a small home, make sure it's not overfilled and cluttered.

    Pick up all the loose clutter that's floating around. Throw out old magazines. People like to see things that are streamlined or clean or fresh looking. There's nothing worse than walking into a place and seeing a stack of magazines all over the place or an unmade bed.

    Go the extra step and take care of items that might have been overlooked for quite some time. Steam clean the carpets, the upholstery, the furniture, if that's what's needed. Have the windows cleaned, light fixtures cleaned. Make it feel clean when you walk in.

    Go back to basics. You may love your turquoise carpet but do you really think buyers will? Getting inside the buyers mind will help you answer these questions. You can also pick up home décor magazines and see what appeals to the masses. You don't have to change everything in your home, but going back to basics in a few areas will help buyers see how your home can become their home.

    As soon as buyers see a really loud red, orange or lemon-green color they automatically think about re-doing. That, of course, means the buyers are already beginning to calculate the amount of money they need to take off of the sale price in order to get the home in the condition they would like it.

    If instead you stick with neutral colors such as painting the walls off-white, light beige or Navajo white, you have a better chance in preserving the sale price.

    Repair anything that looks torn, worn or broken If you walked into a retail store and saw a garment that you liked but it was torn or missing buttons, chances are you'd search for another one or ask for a discount if that were the only one of its kind.

    That's what buyers will do with your home when they spot torn screens, garage doors that don't open, or broken light fixtures that are hanging out of the wall. Buyers, if at first they don't get completely turned off and walk away from the sale, will first begin to think that there is more damage to the home than what they're able to see and then they start to calculate the cost of repairing those damages. But buyers often exaggerate the amount of money needed to fix the repairs.

    In today's market people are looking desperately to find out what's wrong with a home so that they can lower the price.

    In the buyers' minds, they come up with some kind of incredible price to fix repairs. In their mind, they go way overboard and eventually it affects the bottom line price for the seller.

    Don't miss an opportunity to get the word out about your home being listed for sale. It only makes sense to let your neighbors know. By doing this your neighbors can sometimes become great facilitators and supporters of the sale.

    Most people are visual buyers. If the home doesn't look clean, spotless, and repaired then the buyer thinks what's behind the walls, how much more money do I have to put into this home.

    Remember understanding the psychology of the buyer's mindset can help you sell faster and for the price you really want. 


    Written by Phoebe Chongchua

     


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  • Other For Sale in Kennebec County

    Exterior front
    Spacious raised ranch!

    • 2,096 sq. ft., 3 bath, 3 bdrm other "Raised Ranch" - MLS® $159,900 - Location, location!

     -  Spacious home in great location! Nicely landscaped corner lot close to shopping and other amenities. Neat sunroom opens to the fenced in yard. Large family room with wood stove and built-in shelving and storage. Living room with cozy fireplace and hardwood floors. Eat-in kitchen plus a formal dining room. Three good-sized bedrooms and 3 baths, one full and two 3/4. Heated 2-car garage makes this a must see! Easy to show!

    Property information

  • Monthly Newsletter

    Great tips for every home owner, buyer or seller!

    Read More

  • Monthly Newsletter

    Great tips for every home owner, buyer or seller!

    Read More

  • 362 Waterville Road in Norridgewock is Sold!

    Sold

    Norridgewock, Somerset County  -  The 2 story at 362 Waterville Road has been sold.

    Property information

  • Single Story For Sale in Smithfield

    Water front cottage
    WATER FRONT!

    • 480 sq. ft., 1 bath, 2 bdrm single story - MLS® $129,900

     -  Nicely remodeled camp with great views and a sandy shore front perfect for swimming and other water activities. Very popular pond for winter ice fishing as well! Camp has been completely remodeled in 2000. Must see and very easy to show!

    Property information

  • 334 South Freedom Road in Kennebec County is Sold!

    Sold

    Kennebec County, Maine  -  The single story at 334 South Freedom Road has been sold.

    Property information

  • 2 Story For Sale in Kennebec County

    Home & garage
    5 +/- ACRES!

    • 2,112 sq. ft., 2 bath, 4 bdrm 2 story - MLS® $109,900

     -  Great farmhouse with level pastures and barn that could be utilized with a little work. Nice heated workshop ready to go as well as a 2-car garage. Home offers 3-4 bedrooms and two full baths. Home features an apartment which would make a great in-law suite or just enjoy the luxury of two kitchens! Very easy to show!

    Property information

  • Ranch For Sale in Kennebec County

    Exterior

    • 1,092 sq. ft., 1 bath, 3 bdrm ranch - MLS® SALE PENDING $119,900

     -  Very well maintained ranch in private setting of 2.75(+/-) acres! Wrap-around deck and detached 2-car garage with storage above. Home offers many udates including the roof, siding windows and much more! Wood stove in living room and wood will remain with home. Easy to show!

    Property information

  • 5 Edgewood Street in Waterville is Sold!

    Sold

    Waterville, Kennebec County  -  The 2 story at 5 Edgewood Street has been sold.

    Property information

  • 2 Story For Sale in Waterville

    Exterior

    • 3,598 sq. ft., 7 bath, 10 bdrm 2 story - MLS® $139,900

     -  7 unit money maker with good rental history and recent upgrades. 4 one-bedroom units and 3 two-bedroom units. All with separate heat and electric. Must have notice to show!

    Property information

  • Ranch For Sale in Kennebec County

    Exterior
    14 +/- ACRES!

    • 1,232 sq. ft., 1 bath, 3 bdrm ranch - MLS® $115,000

     -  Home in need of much repair. 14 acres with some large fields may make the project worthwhile. Cash or conventional financing only. Home being sold AS IS. Easy to show!

    Property information

  • 5 Mar-Val Terrace in Winslow is Sold!

    Sold

    Winslow, Kennebec County  -  The single story at 5 Mar-Val Terrace has been sold.

    Property information

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