A New Kind Of Community In Maine

Times are changing! New kinds of living arrangements are becoming more popular. In the past, many Americans had goals of growing up, getting married, buying a nice house, and having kids. Now, not everyone shares the same ideal. In addition, many families cannot afford to have a stay-at-home parent and purchase and maintain a home. According to the American Psychology Association, 40-50% of marriages end in divorce which means that households are commonly supported by inky one income causing even more financial strain to support a "traditional lifestyle."

Many people are forming intentional communities to solve some of these problems. An intentional community is a new living arrangement that focuses on the building and supporting of communities and "meeting the needs of all people and the planet, and [those communities] must be available, understood, appreciated, and developed"(ic.org). Intentional communities are not just for "non-traditional" families. There are five different community types, like ecovillages, that focus on ecologic improvement, communes that share incomes, and cohousing, that include private housing with shared common spaces, and each community has different values and expectations. 

This new concept raises many questions. Will intentional communities eventually become a normal and common option for individuals and families? Will there be an economic effect if it does? According to ic.org, there are already thousands of communities established and many developing, including some here in Maine. 

So, would you live in one of these communities? We want to know what you think!

 

Just Listed in South Portland, Maine!

10 Lee Avenue, South Portland, $220,000

Enjoy more free time with a minimalist lifestyle in this charming post-WWII Cape. Situated on a double lot perfect for a garden. Located on a quiet dead end street. The unfinished attic space would be perfect for storage. The dry basement could be finished. Inexpensive to heat. They don't make 'em like this anymore. This is small living in style! Ride your bike to Portland, or hop on the Green Trail. You are also only minutes to beaches! Don't miss this one!

Featured Lender: Ralph Graceffa, Residential Mortgage Services

Name: Ralph Graceffa

Company: Residential Mortgage Services(RMS), Falmouth, ME

Ralph Graceffa has experience in the mortgage industry since 2004. After managing another mortgage firm branch, Ralph easily transitioned to Residential Mortgage Services in 2008. Here, Ralph has become a trusted Loan Officer serving both Maine and Massachusetts clients.

Ralph studied at Brandeis University, earning his bachelors degree in comparative literature. In his spare time, Ralph enjoys composing music, working out, and spending time with his twin daughters, Carmella and Lucia.

 
Ralph_graceffa_Print_Updated.jpg
“I come from a family of teachers. I want to educate my clients. I want to show them how to best utilize the programs that exist in today’s market.
— Ralph Graceffa, Residential Mortgage Services

We asked Ralph….

What are your specialties?

Mortgage planning. Whether you are a first-time buyer or a seasoned investor, customizing your mortgage so that it best serves your long term goals is something that I have always believed in. With the ability to choose specific rate/cost/down payment options, we can truly work together to insure the most efficient approach. I also have worked a lot with multi units and understand the many nuances that drive the qualifying process for 2-4 unit buildings!

Tips for first-time buyers?

Don’t be afraid to ask questions- education is key. Get Pre-Approved so that you are working in tandem with your real estate agent and your lender. Having real time numbers for the properties you are interested in will really help as you compare your options.

What’s something you think buyers should know about the market now?

Mortgage guidelines have eased over the past few years. After the housing collapse in 2007, we saw the pendulum swing hard and fast in the direction of risk aversion. Banks weren’t taking any chances and as a result, the process of obtaining a mortgage was often deemed “painful”. I’m happy to say that as we sit here in 2019, the mortgage process is far more reasonable than it was then. This is allowing more and more buyers to qualify, which in turn is keeping the market moving in a safe and calculated way.

What makes you different than other lenders?

The way I think about the overall picture. I really try to put myself in my client’s shoes. Then, once I have a thorough understanding of their situation, I present the options that I think would offer the most benefit -both short and long term! This personal connection is important to me and in my opinion is essential to offering the best guidance throughout the process.


At Gray Fox Real Estate, we know that providing high-quality real estate services is only possible with help and expertise of industry professionals that we trust.

Does Staging Add Value in Our Current Market?

Preparing your home for the real estate market requires you to make choices that can either help to increase your profit or leave you barely breaking even in the end. Some options include hiring a skilled agent, making repairs and upgrades, and staging your home.

In my opinion, staging a home to set it
apart from others is always valuable.
— Polly Cockrill, Designated Broker/Owner at Gray Fox Real Estate

Choosing when to stage your home can be tricky because you have to take into consideration the location of the home and the current market. The two types of markets that Realtors refer to are called “a buyer’s market” and “a seller’s market. According to Redfin.com, a buyer’s market is “when the supply (available properties for sale) exceeds demand (the number of buyers seeking to purchase properties)” and a seller’s market is “when demand exceeds supply, or there are more buyers seeking to purchase properties than there are available homes on the market”. In a buyer’s market, having your home staged and taking professional photos can mean the difference between someone clicking past your listing online and clicking the “request showing” button.

But what about staging in our current market?

We are currently in a seller’s market which means houses can fly off the market without much effort, simply because they are in demand. This is where the tough decisions come in. Do you spend the money to stage your home with the knowledge that it could sell as-is?

 
neonbrand-263851-unsplash.jpg
 

When asked to share her opinion on staging its value, Polly Cockrill, Gray Fox Real Estate’s Designated Broker and Owner had some valuable insight.

In my opinion, staging a home to set it apart from others is always valuable. When the home is visually plain and lighting is poor, staging a home is ideal. It is best to try to stage your home yourself and save the money if your home is not in the luxury market. A Realtor can develop a plan with you, but that can be emotionally-trying as well. It can be hard to have your personal effects be subjected to criticism.

Another time that staging can be effective and sensible is in a market or micromarket where the majority of homes are in excellent condition, for example, Cape Elizabeth or Falmouth Foreside. Historically, it has been more popular among luxury homeowners to hire a stager. Luxury homes can have a larger profit margin to absorb the expense of staging and furniture rentals. Not surprisingly, it seems to me that staging luxury homes has become an expectation and standard. This means that staging a luxury home may no longer add the same amount of value that it added in the past. Will staging add any value to luxury homes now? Absolutely, but it is my opinion that it would do so only in relation to the absence of staging. We must always meet or exceed the standard expectations in luxury markets.”    

Like most real estate transactions, increasing value and monetary return depends on multiple variables like location, current physical state of the home, and the competition in the area. If you are unsure if staging will be an effective tactic in selling your home, ask your agent! They are there to give your their honest opinion and help you get the most out of your transaction.

Our 2018 Charitable Giving Summary

Gray Fox Real Estate values the natural resources and the beauty of Maine.

Our way of contributing to our local communities is by donating a portion of our annual profits to organizations that focus on conservation and land trusts in Maine.

In 2018, we donated to the following organizations:

Maine-Audubon.gif

Maine Audubon Society: Maine Audubon works to conserve Maine’s wildlife and wildlife habitat by engaging people of all ages in education, conservation, and action.

Royal+River+Conservation+Trust.jpg

Royal River Conservation Trust: The Royal River Conservation Trust protects the natural, recreational, scenic, agricultural and historic resources of the Royal River region for current and future generations.

output-onlinepngtools.png

Natural Resource Council of Maine: The Natural Resources Council of Maine is a nonprofit membership organization protecting, restoring, and conserving Maine’s environment, now and for future generations. For almost 60 years, the Natural Resources Council of Maine has been protecting the places and way of life that make Maine so special. 

portland_trails_logo-sm.png

Portland Trails: Portland Trails transforms Greater Portland into a healthier community for people powered transportation, conservation, and recreation, by creating a network of trails and green spaces that connect people with places.

We are proud to support these organizations and look forward to expanding our charitable efforts in 2019.

Happy New Year from Gray Fox Real Estate!

Just Sold in Topsham, Maine!

31 Bay Park Drive, Topsham, $299,000

This four-bedroom, two-bathroom Colonial boasts a large living room, a kitchen with island, and a dining room on the first floor. A large fenced-in backyard complements the home for outdoor enjoyment in a neighborhood where neighbors watch out for each other, safely ride bikes to fields and fishing ponds, yet with convenience to nearby amenities,

Featured Lender: Bryan Smith, Caliber Home Loans

Name: Bryan Smith

Company: Caliber Home Loans

Bryan Smith is a branch manager and loan consultant at Caliber Home Loans in Portland, Maine. Bryan has been in the industry for a decade and has committed himself to understanding every aspect of it. He believes that it is imperative to know the rules and regulations associated with mortgage lending. “If you know all the pitfalls, you can assure that there are no “gotchas” half way through the process.”  When he starts a loan, he closes it. 

 
head shot.JPG

We asked Bryan….

What are your specialties?

Getting loans to the closing table. Communication is paramount. My phone lines are ALWAYS OPEN!

Tips for first-time buyers?

Get Pre-Approved and work with a realtor. I’d suggest Polly Cockrill!

What’s something you think buyers should know about the market now?

Interest rates are on the rise. With that said, there is absolutely nothing they or I can do about it. Do your research. Visit as many houses as you need to. This is a HUGE decision. Life changer. Don’t take it lightly or rush into it just to capture a lower interest rate.

What makes you different than other lenders?

Communication and partnership. From the first call to the closing table, I will always be available. Buying a home, be it the first or 21st, is a big deal. There are no bad questions.  I have the answers. Do not hesitate to ask. 

When speaking on his values as a lender and how he views the client-lender relationship, Bryan said:

“From day 1, I consider myself a partner to my clients. I advise them every step of the way and show them the pros and cons of every move. During the loan process, you can consider me your full-time partner, advisor and friend. I am famous for taking the call at all times and that includes nights and weekends, unless I am eating dinner with the family.. I still get a huge thrill out of the closing table. I attend all of my closings. Whether it’s putting someone in their first home, dream home, second home or investment, I love seeing everyone at the closing!!”


At Gray Fox Real Estate, we know that providing high-quality real estate services is only possible with help and expertise of industry professionals that we trust.