President Obama has signed the bill to extend the existing first time homebuyer tax credit and expand it to existing homeowners that have lived in their primary residence for 5 consecutive years out of the last 8 years.  I found some frequently asked questions on the changes to the homebuyers tax credit and found them to be very helpful.  These questions and answers come from the National Association of Realtors Government Affairs Division.  To review the eligibility requirements and get more... Read Full Story

There continue to be positive signs that the real estate market is turning around.  The number of completed home sales has risen for three months in a row, and the number of pending sales has been up for five months in a row, according to the National Association of Realtors.  In some places, sales have doubled since one year ago.  In most areas, the relationship between mortgage payments and income is at a comfortable level compared to historical data.  Lower mortgage rates, lower prices, a... Read Full Story

Spectacular Shoreland Farms home, where you can smell the salty air of nearby Maquoit Bay. This property features a granite and cherry kitchen, hardwood floors, and a sunken living room with massive stone fireplace. Location on a dead end road offers a beautiful setting with lots of privacy.   Visit Our Website at www.BrettDavisRealtors.com For More Information & A Virtual Tour! Read Full Story

According to Kenneth Harney, managing director of the National Real Estate Development Center, the latest numbers continue to indicate a sustained rebound of the real estate market.  There are lots of reasons to be optimistic. In the building segment, which had been one of the hardest hit in real estate over the past couple of years, starts and permits are at their highest levels in 10 months.   Home sales in general are rising, even in some of the markets that had been the hardest hit in pr... Read Full Story

 Fantastic Four-Bedroom! This Yarmouth home is located in the sought-after Bayview neighborhood nearby to schools and the town center.  The home features a dream kitchen with breakfast bar, a fireplace in the living room, and a large, bright family room.  Hardwood floors and a deck overlooking the backyard are just a couple of other highlights of this exceptional property.  Visit Our Website at www.BrettDavisRealtors.com For More Information & A Virtual Tour! Read Full Story

According to the Maine Real Estate Information System, Maine’s Realtors sold 1,133 homes las month, thats a 13.76% increase from one year ago. Home prices eased by 9.57% to a median sales price of $170,000. This price is however, an increase over May 2009’s median sales price of $160,000. Nationaly, home sales rose .2% and sales prices were down by 15%. In New England sales dipped by 4.7% and prices were down 5.9%. Read Full Story

Be Wary Of Reverse Mortgages U.S. Bank regulator, John Dugan recently spok at the American Bankers Assocaition Confrence and offered up a warning that reverse mortgages could be the next subprime mortgage product to experience rapid growth while taking advantage of a vulnerable segment of the populartion. Dugan said that regulators are in the process of crafting guidelines to ensure that robust consumer protections are in place for reverse mortgages.  ” While reverse mortgages can provi... Read Full Story

  AUGUSTA (AP) — Maine business regulators have ordered 15 companies that promised but failed to help homeowners facing foreclosures to stop doing business in the state. The companies, all based out of state, enticed consumers with radio, television and Internet ads promising to help them avoid foreclosure, but then took a collective $36,000 in advance fees and did not save a single home from foreclosure, Will Lund, superintendent of the Consumer Credit Protection Bureau, said Tuesday.... Read Full Story

Check out some these exciting 4th of July  events! Bath Heritage Days- Spend the weekend enjoy historic Bath, maine. http://bathheritagedays.com 20th Annual Bethel Art Fair:  At the town green from 9:00-4:00 Antique Tractor Pull & Display:  9:30Am in Boothbay Reading of the Declaration of Independance: Free reading at 2:00pm at Colonail Pemaquid Historic Site Fireworks Sail with Portland Schooner Co.  8:15-10:15pm at the Maine State Pier- 207-766-2500 Eastern Prom Firepworks Portland, 9:1... Read Full Story

With the credit crunch still in full swing, finding a good deal on a mortgage isn’t as easy as it once was. Many banks have tightened their lending standards and eliminated programs and many banks are no longer working with mortgage brokers. Taking the online avenue can be tricky as well as many sites have been cited for running bait-and-switch advertisements on rates and not fully disclosing fees. If you are currently looks for a home loan, follow these recommendations by Sarah Max of... Read Full Story