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: 03908
Location Characteristics: South Berwick is a town in York County, incorporated on February 12, 1814 from a portion of Berwick.
It was settled in about 1624 at a time when the Indians were still living at Quamphegan Falls, dip net falls or the place where fish are taken in nets. Below the falls, the salmon were trapped using weirs.
The first sawmill in America was built on the Great Works River, a tributary to the Salmon Falls River, in 1650. Maine's oldest preparatory school, Berwick Academy, was established here in 1791. The Counting House of the Portsmouth Company, built about 1830, is the sole surviving building of the 19th century cotton mills in the town. Many other historic sites may be found throughout the community.
The town is accessible to the coastal communities of York and Kittery via Maine Routes 91 and 236.
County: York ~ School Dist/Dept: MSAD 35 ~ Senate District: 1 ~ House District: 146 , 148 ~ Congressional District: 1 ~ Population: 6671 ~ Area: 32.9 sq miles ~ Pop. Density: 208/sq mile ~ Longitude: W 70:44:45 ~ Latitude: N 43:14:32
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