HAVE YOU ALWAYS WANTED A WATERFONT HOME?

If you have always wanted to own

a waterfront home in Maine... 

 

Now is a great time to purchase one.  

Prices are affordable and interest rates are at all time lows.

 





If you are considering purchasing waterfront property,make sure you are familiar with shoreland zoning in Maine.  

 

What is Shoreland Zoning?

 

 Land withing 250 feet of the normal high-water line of any great pond or river,

upland area of coastal wetland or defined freshwater wetland,

and within 75 feet of normal high-water line of streams.

Click here

 

Besides restrictions set in place by the State of Maine, each individual town may have additional shoreland zoning rules and restrictions, so make sure you do your homework if you are considering a waterfront home.    

 

Click here

A few things to consider when you are looking at waterfront property are:



Non-conforming structures

Expansion possibilities

Clearing trees and other growth

Minimum setback requirements

Lot Coverage

Flood Elevation

 

Click here

Your real estate agent can be a valuable resource to help you find the information you need to make an informed choice.

 

Click here

 

 

Call us at

784-3800

to find your dream Maine waterfront home today!

 

LET'S TALK ABOUT TITLE INSURANCE

Whenever you purchase a home,

you will hear about

Title Insurance.

So what is Title Insurance

and why would you want to spend your money on it?

Basically...Title Insurance is a policy that guarantees the title to a piece of property

 is clear and protects against problems that might arise

connected to the title of the property.

Real Estate Agents will often hear things like....

"I knew the previous owner so I'm sure there is no problem"

"A title search was done, so why do I need insurance?"

 or

"It a brand new building, how can there be a problem?"

Photo by ilovebutter

Keep in mind, when you purchase real estate, you are not only purchasing the building

but also the land and the right to use the property. 

There were owners before the current seller

& the land existed before the building...

so it is possible for problems to arise years down the road. 

If you are financing your home purchase...you will most likely be required

to purchase a Lender's Title Insurance policy

to protect the lenders interest in the property. 

This protects the lender, but not any equity you may have in the property. 

An Owner's Title Insurance policy is an additional one time charge

that will cover your interest in the property as long as you own the property. 

You don't have to pay a premium every year. 

 It is paid once and you are protected if a valid claim arises on your property! 

How often is there really a problem with a title? 

 More often than you might think.  Usually the problems we run across

are small issues, but even small title issues can be costly to remedy

if you are not protected by Title Insurance.

If you are purchasing property, it is a good idea to speak with

your Real Estate Agent to decide if  you should consider Owner's Title Insurance. 

For more information about Title Insurance and other questions about

purchasing real estate, feel free to call Brenda at (207)784-3800 or

e-mail brenda@fontaineteam.com.