Maine Waterfront Property – Bargain Hunters’ Bonanza

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October 2, 2008
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October 14, 2008

Maine Waterfront Property – Bargain Hunters’ Bonanza


The first snow fell atop Mount Washington on October 3rd (see above). The leaves are reaching peak color. The Fryeburg Fair is over. The frost is on the pumpkin. The election is four weeks from today.
Do you get my drift here?
Summer is long gone and fall is much in evidence. While many current lakefront property owners are doing their planning to get their boats out, pull the docks in, and close up the camp, many lakefront owner “wannabees” are finding a jackpot of lakefront properties that have been reduced in price.
These price reductions are running concurrent with the calendar, as usual. But the added pressures of there being an abundance of inventory coupled with the turmoil in the financial markets has led to a larger number of price reductions than usual. 
Some buyers seem to want out of this deteriorating stock market. They might prefer to have their investment portfolio more weighted in real estate and less in equities. Some sellers seem ready to negotiate on price. This might be the best time to be making an offer on something.
In the Sebago Lakes Region, which is comprised of 60 lakes and ponds and 26 towns, there are 317 lakefront properties currently for sale. Of those, over 43 % (or 138) have had price reductions. If you have contemplated purchasing a lakefront home, now may be a window of opportunity for you.
The reductions run the gamut of the market – from humble seasonal camps to mansions on the lake. Let us know what your price range is and we’ll send you all those listings that have seen reductions in price. If you have a specific lake in mind we can send you those properties for that specific lake only.
You can also use our Lakefront Locator to sort through the hundreds of lakefront properties that remain on the market.
The season is coming to a close.  It just might be the best time to have one last, long look.

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