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Useful Real Estate Web Sites 

Here's a short list of some of the more useful real estate and real estate related sites on the web. When you click on any of the links below, you'll see the site you chose, along with a form at the bottom of your screen. Use it to get answers for any questions you might have about anything you find. 

Remember: It's our job to know more about real estate than any web site! 

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GOVERNMENT REAL ESTATE RESOURCES
Try the US Census Bureau, FedStats.com, or the Bureau of Labor Statistics for useful information. The HUD web site is full of resources. Don't forget Fannie Mae, Freddie Mac, or Ginnie Mae. Get home buying tips from the Federal Consumer Information Center.

LOCAL INFO
Find your local Chamber of Commerce or State Government.


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Real Estate Tips
Financing Your Home >When Interest Rates Rise

Many people fall out of the home buying market when interest rates start to go up. This is often a mistake. Many of the best mortgages deals become available when lenders are competing for new business and sellers are competing within a smaller buyer pool. You just have to know how to keep the costs down in order to counter the higher interest rates.

One of the best tricks is the buy-down. In a buy-down, a fee is paid at the closing to get a lower interest rate. In a soft market, an anxious seller may be lured into to paying all or part of the buy-down. Another approach is to get the seller to pay some of closing costs, thus lowering the amount of cash a buyer needs to close. Frequently the seller's costs can be used as a write-off by the buyer. Always consult with your tax advisor if you are considering such an arrangement.

If the market is softening due to rising or higher rates, the price itself becomes an area where a buyer may be able to save a lot of money on a house through skillful negotiating. Lower prices mean lower loan amounts, so don't be discouraged by higher rates--use them to your advantage.

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Real Estate Trivia
Q 
Where was the first hotel built in the US?

A 
The Union Hotel (1802) Saratoga Springs, NY, is the first hotel emphasizing lodging and services, in addition to food and drink.
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Sue Meservier, REALTOR®, real estate agent and broker for Auburn, Lewiston and Turner, Maine home listings, property and land for sale - NUMBER1EXPERT

Sue Meservier
Meservier & Associates

The Maine Real Estate Network
34 Center Street
Auburn, ME 04210
Office: 207-784-2525
Fax: 207-689-9801
Mobile: 207-576-5488
suemeservier@NUMBER1EXPERT.com
sue@meservier.com

"Today's Real Estate Professionals, Opening New Doors"
(Formerly of Keller Williams Realty Mid Maine)

Equal Housing MLS REALTOR


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