Reasons to Move to Cumberland County, ME
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Cumberland County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Cumberland County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Cumberland County,
Our extensive database in Cumberland County includes 4 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Cumberland County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Cumberland County, ME
How do you know that living in—or moving to— Cumberland County is the right choice for you? Perhaps you grew up in Cumberland County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cumberland County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Cumberland County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Cumberland County, .
Living in Scarborough, ME
Scarborough, Maine is a beautiful coastal town known for its stunning beaches and family-friendly atmosphere. With excellent schools and a vibrant community, it's an ideal place to live for those who appreciate outdoor activities and a picturesque environment. The town combines small-town charm with easy access to the urban amenities of nearby Portland.
Current Market Conditions in Scarborough, ME
The current real estate market in Scarborough is competitive, with an increase in demand for single-family homes, particularly those near the coast. Buyers are drawn to the town's quality of life, resulting in rising home prices and limited inventory.
Recent trends indicate a strong interest in vacation properties, with many seeking second homes in this charming coastal area. The affordability of properties in comparison to neighboring Portland makes Scarborough an attractive option for both first-time buyers and investors.
Home Value Estimator For Scarborough, ME
There are currently 8,452 real estate properties
in Scarborough, ME,
with a median automated valuation model (AVM) price
of $670,026.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Scarborough, ME, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Scarborough, ME,
is $811,089.00, with the most expensive house
in Scarborough, ME, topping out
at $9,954,289.00 and the cheapest home
in Scarborough, ME,
clocking in at $24,488.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Scarborough, ME!
Rent Prices
In Scarborough, ME
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Scarborough, ME, is on
a rollercoaster ride. The
average rent price in Scarborough, ME,
is $1,776.00. Indeed, when looking to rent in
Scarborough, ME, you can expect to pay as little
as $890.00 or as much
as $3,000.00,
with the average rent median estimated to
be $1,790.00. The good news is that finding
an affordable and desirable property to rent in Scarborough, ME
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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