Mr. Lakefront – Page 8 – Mr. Lake Front | We Are Maine's Lake Specialists

January 16, 2009

Maine Lakefront Real Estate – Mortgage Rates at Historic Lows

This mortgage news came into my email box yesterday: CHICAGO (MarketWatch) — The benchmark 30-year mortgage fell below 5% for the first time ever in Freddie Mac’s weekly rate survey as economic weakness continued to push interest rates lower, the mortgage agency said Thursday. The article went […]

January 9, 2009

Maine Waterfront Property – Dropping Rates, Rising Opportunities

Falling mortgage rates provide a reason for hope in a pokey, off-season Maine lakefront property market. As activity levels decline, so will prices, while strong inventories continue to offer lots to look at. Given the low mortgage rates, this combination of factors sets up a good […]

January 7, 2009

Maine Lakefront Real Estate – Beware the Pitfalls of Personal Property

Most lakefront homes in Maine are sold to folks “from away”. These types of buyers have their primary home back in the suburbs of major cities like Boston, Hartford, and New York. When purchasing one’s primary home in the suburbs it’s rare that the home one […]

January 2, 2009

Maine Lakefront Real Estate – Getting the Word Out

I got a call from my brother who asked me how the market is for lakefront property. I told him that selection was great, interest rates were at 5% heading even lower, prices had fallen 10 to 15% and sellers were motivated. He said, “Tom, that’s […]

December 30, 2008

Buying Maine Lakefront Real Estate – Two More Considerations

In our last blog post, Tom spoke about some issues regarding purchasing a year round vs. seasonal lakefront home. Here are a couple of more things to consider. Are you looking for a lakefront home or a lake access home? Nine out of ten people when posed […]

December 27, 2008

Maine Lakefront Property – Year Round or Seasonal?

When it comes to buying lakefront property answering fundamental questions will greatly affect affordability. For instance: Are you looking for a summer place or a year round vacation home? Nine out of ten people when posed this question will answer ” year round vacation home”. However, […]

December 12, 2008

Maine Waterfront Property – Whistling Through the Graveyard?

Everywhere we turn, it seems, the media dishes out the doom and gloom. The predominant feeling in most any market right now is fear. But there is some good news out there if you care to hear it. How about this? The rate for a 30 […]

December 4, 2008

Maine Waterfront Property – Opportunity Will Knock

If you are among those who think we’re in the middle of a deflationary cycle with regards to lakefront real estate, you’re not alone. It would seem that buyers continue to sit on the sidelines thinking prices will continue to go down. So far, so good, […]

November 29, 2008

Maine Lakefront Real Estate – Keeping Up With “The Times”

While it seems sometimes that staying in touch with the Maine lakefront real estate market is all we do around here, I try to carve out time every Friday to look at a weekly feature section in the New York Times called “Escapes”. I always seem to find […]