Maine Real Estate

Maine is the largest of the 6 New England states in the northeastern region of the United States, with 86,156 square kilometers (33,265 square miles), including the inland water area. The state is bordered by the Canadian provinces of Quebec and New Brunswick, and bounded on the west by New Hampshire.

The state has 3 relatively well-defined climatic regions: southern interior and coastal, influenced by air masses from the south and west, and the northern region, divided by the Saint John and Penobscot river basins, with air masses moving down the Saint Lawrence River basin tend to prevail.

Annual temperatures range from 43° to 45° F (6° to 7° C) in the southern interior and coastal regions, and from 37° to 39° F (3° to 4° C) in the north, and summer mean temperatures about 62° F (17° C) throughout the state. Winter temperature is 20° F (-7° C) on average, with around 100 clear days per year, and only 70 in the north. Rain precipitation averages 36 to 48 inches (910 to 1,220 millimeters) per year and snowfall averages more than 100 inches in the north region and at the state's higher elevations.

The Real Estate Commission in Maine, is the regulatory agency within the National Office of Licensing and Registration, Department of Professional and Financial Regulation, providing information about the licensing of individuals to sell or offer to sell real estate on behalf of another, usually Realtors.

All the information that anyone may need is available at such a commission. From the requirements for each license type, to all the information about renewal procedure, forms, laws and regulations, as well as courses to qualify for a license, or access to its disciplinary data bank, in an effort to heighten professionalism within the real estate industry.

Maine is not just a touristy destination, but also a great place to play, work and live. There are literally thousands of real estate agencies, authorized by Maine the Real Estate Commission, which are able to help you out, either to buy or sale a summer home, a winter residence or a year round home to stay.

As of 2005, the state has an estimated population of 1,321,505, which is an increase of 6,520 from the prior year and representing an increase of 46,582 since the year 2000. This statistics reflect not only the natural increase since the last census, but also an increase due to net migration of 41,808 people into the state.

The total immigration from outside the United States during this period resulted in a net increase of 5,004 people, and the natural migration within the country produced a net increase of 36,804 people, making Maine a desirable destination to move to, or sale your property located in this state.

Through Maine's real estate agencies, you can get all the information pertaining to the different properties available throughout the 16 counties, and where in the state each county is located, representing every one of them by size to make it easier for comparison to other counties before relocating.

Although around 90% of the state is covered by forests, what makes Maine an interesting real estate spot; it is the beautiful shoreline dominating the region, and the surprisingly reasonable prices of the different properties, both commercial and residential.

Maine is a popular tourist destination, so relocating to Maine allows you to enjoy its natural treasures during the warmer and snow activities during winter. Many visitors to the state decide at some point to establish an alternate secondary residence in Maine during either the summer or the winter months, and then depart for their primary residence in the off-season time.

People, who have a secondary home located in Maine, are not reflected in the Official census figures, as it normally counts a person once at the place of the primary residence. This way it is estimated a larger population than what is reflected by the census figures, including the possible temporary inhabitants of the large tracts of Maine uninhabited land.

The best real estate facilities and opportunities are found in the largest cities and towns of the state. As of 2000, Portland had a population of 64,249 inhabitants, following in importance number Lewiston (35,690), Bangor (31,473), South Portland (23,324), Auburn (23,203), Biddeford (22,000), Brunswick (21,172), Sanford (20,806), Augusta, capital of the state (18,560), Scarborough (16,970), Saco (16,822) and Westbrook (16,142).

Maine's Bureau of Economic Analysis estimated a total gross state product for 2003 of $41 billion, and a per capita personal income of $29,164 for the same period, making Maine the 29th in the nation's economy. 92.2% of Maine residents age 5 and older speak English, and only 5.3% speak French. The third most spoken language in the region is Spanish at 0.8%, followed by German at 0.3%, with a minority of Italian at 0.1%.

Commercial real estate and business opportunity brokerage is another option for individuals wanting to move toward the so-called Pine Tree State. Professional Realtors can search for investment and commercial properties for sale or even locate a suitable office for any type of retail space for lease.

Maine's real estate agencies and agents can assist you with additional information about featured listings or locating a specific type of property. There are several national large companies maintaining headquarters in Maine, and many individuals who also establish at least a leased office to have a local representation.

Companies headquartered in Maine, include the famous outdoor supply retailer L. L. Bean, established in Freeport, the Fairchild Semiconductor in South Portland, a large veterinary biotech company called IDEXX Laboratories, with offices in Westbrook, and the Jackson Laboratory, a non-profit institution and the world's largest mammalian genetic research facility.

Among the many real states services offered through the different agencies and Realtors in Maine, you can easily find seller and buyer representation, commercial sales and leasing, contract and lease negotiations, broker opinion of value, landlord and tenant representation, site election services, business consulting services, business opportunity brokerage, transactional brokerage services and also tax deferred exchange information.