Did you know? A record 40% of U.S. homeowners now own their homes outright. That’s the highest share ever recorded.

And that’s a crucial statistic if you’re considering downsizing. 

Think about it. If you’ve been in your house for a long time, you may be able to sell and buy your next home in cash. 

You can purchase a smaller, less expensive home that better suits your lifestyle today, with lower bills, less upkeep, and no new mortgage in [...]

In a recent poll from Gallup, real estate has once again been voted the best long-term investment. And it’s claimed that top spot for 12 straight years now. Homeownership is one of the top ways to build wealth, even with home price growth moderating and ongoing economic uncertainty. If you’ve been trying to decide if it makes sense to buy a home today, let’s connect and talk about the programs that can help you become a homeowner.

Let's talk! To reach an agent in Midcoast or Greater Portland email us at info@catesre.com 

HOMESTEAD EXEMPTION:

The homestead exemption reduces a home's value by up to $25,000 for property tax purposes.

To qualify, the applicant must:

• be a permanent resident of Maine 
• the home must be the applicant’s permanent residence
• applicant must have owned a home in Maine for the twelve months before applying 
• application must be filed on or before April 1 with the municipality where the property is
[...]

 

Some Highlights

• Buying a home isn’t just a transaction – it’s a journey. And, like any great adventure, having a solid roadmap makes all the difference.
• Each milestone is an achievement, from building your dream team to getting pre-approved, house hunting, and signing the papers on closing day.
• Your journey starts here.

Let’s connect so you have help every step along the way. Contact one of our Team Members at Cates Real Estate at 207-701-5600 or [...]