It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...
Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....
It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....
It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.
ZIP Code: 04046
Location Characteristics: Kennebunkport is a town in York County, incorporated on July 5, 1653 as the town of Cape Porpoise. After the early white settlers were driven away by Indian raids, the community was reorganized under the name Arundel in 1718 in honor of the Earl of Arundel. In 1821 its name was changed to Kennebunk Port.
Nearly a century later, on April 1st, 1915, a new town was created from Kennebunk Port to be known as North Kennebunkport. Its name was changed in 1957 to Arundel. Thus, the new Arundel occupies a small portion of the town so named in 1719.
Cape Porpoise remains as a coastal village in the town, along with Goose Rocks Beach another seaside settlement.
In recent years Kennebunkport has become famous for visits by the two Presidents Bush - George H. W. (the father) and George W. (the son). The elder Bush has a summer residence in the community.
Beaches and rocky shore, fine art glass makers, numerous resorts and hotels, fine dining around every corner, sailing, sight-seeing, theatrics, historic districts? There are as many things to do and see here as there are degrees on a compass or seconds in a day in the bustling myriad that is Kennebunk and Kennebunkport. Get-away residence of George Bush and his family, center of entertainments ranging from extravagant to economical, Kennebunk and Kennebunkport may very well be the Cancun on Maine. Caution: visiting this wonderfully addictive community may prove hazardous to the serious side of your nature.
County: York ~ School Dist/Dept: MSAD 71 ~ Senate District: 4 ~ House District: 137 ~ Congressional District: 1 ~ Population: 3720 ~ Area: 36.0 sq miles Pop. Density: 180/sq mile ~ Longitude: W 70:34:24 Latitude: N 43:23:54
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I am an Ogunquit Real Estate Realtor® with years of experience in helping people find new homes in Ogunquit and in surrounding areas.
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