We're the key to unlocking your dreams

PALERMO $349,900
3BR, 2BA & In-Law Apartment
Village Federal
CHINA $169,900
4-5BR's , 2BA & 2-car garage
Beautiful Ranch
3BR, 2BA Ranch with 2-car garage
and 2 lg outbuildings $249,900
26ac on 3 Mile Pond
26 acres & 616ft on 3 Mile Pond
Campground on China Lake

Campground on China Lake
7 Cabins, 15 RV Sites & 90 ac $929,000

Village Federal
Beautiful Ranch
26ac on 3 Mile Pond
Campground on China Lake
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Buyers. Sellers. Renters.


What you need to know
when buying property

From negotiating the deal to the closing . . .

Buying A Home Is An Investment

What you need to know before investing in your new home . .

Adams Realty will develop a strategic-marketing plan to maximize your home's exposure. Utilizing our vast experience, Adams Realty will make sure your home is exposed in all the appropriate media. Remember, one of the greatest advantages to utilizing the services of a Realtor like Adams Realty, is the benefit of our company's collective real estate activity. Buyers will be drawn from the hundreds of other ads, referrals, networking, and Multiple Listing leads that are generated by these efforts. Your agent is at the forefront. The brker knows the buyer's requirements and can better emphasize the features of your home when you do not tag along. You will be called if needed. A word to the wise. Let your Realtor discuss price, terms, possession and other factors with the potential buyer. The Realtor is eminently qualified to bring negotiations to a favorable conclusion. Maximize your profit. Adams Realty Agents are trained experts. We can help you get the best price for your home.


One of the first things you might want to consider doing as you begin searching for a new home is to get pre-approved for a mortgage. A pre-approved buyer is one who has completed the mortgage process and has actually been approved for a mortgage up to a specified amount.

A pre-qualified buyer is one that has submitted certain income information that a lender uses to say they are qualified to borrow up to a specified amount. However, the lender has not verified any of the information that has been submitted and may also require additional information before final approval is granted.

Generally, mortgage companies and banks look for a monthly mortgage payment that is 28% or less of your gross monthly income and total debt including bank loans and credit cards that is less than 36% of your gross monthly income.

Being pre-approved is useful for a number of reasons. First, it lets you know just how much you can afford to spend on a home purchase. You'll know exactly what the bank will finance, you'll know how much you need for a down payment, and finally, you'll know just how much closing costs will be. Once you've been pre-approved, you can also sleep at night knowing that as you shop for your new home, there won't be any obstacles to financing the purchase.

Secondly, pre-approval will aid you in your purchase negotiations. Most offers to buy property are contingent on being able to finance the purchase. A pre-approved buyer is a fully qualified buyer which the seller is often more willing to negotiate the price with.

The Offer
You've been pre-approved for a mortgage and you've found the house you want to buy. You like the neighborhood, the schools, the community facilities, the shopping and the roads into and out of the neighborhood. Now it's time to negotiate the price. It is important to remember that the seller has made a valid, legal offer to sell his or her home at a specified price and inclusive of specific personal property. In reality, you are presenting a counter offer or proposal.

When considering the seller's initial offer you should keep in mind several key factors:

  • The offering price as it compares to your budget
  • The price of similar homes in the area
  • The prices you've seen on other similar homes you've considered
  • The age and maintenance needs of the property
  • Any personal property that stays with the house like appliances, spas, window treatments, furniture, etc.

Given your consideration of all the above topics, you're ready to make a counter offer. In doing so, try not to criticize the furnishing of the individual's home. You may not like the color of the carpets, walls, or wallpaper; but, saying so will only alienate the seller and make them less willing to negotiate. Unless they are in poor condition, something you've already considered in the inspection phase, their aesthetics do not detract from the value of the home.

Likewise, a low ball offer will almost always be rejected and can only serve to alienate the seller, making them less willing to negotiate in good faith. Be reasonable in your offer and you are more likely to get a fair price. There is nothing wrong, however, on countering with a low offer on a home that you feel is grossly overpriced based on your research. Finally, your counter offer should be for a very short time duration; often 24 hours. This prevents the seller from shopping your offer to another buyer and using it to get a higher price.

Elements of an offer

  • Price: the amount of money you are willing to sell or pay for the home
  • Deposit: the amount of money that must be deposited in good faith to show a buyer is serious about a deal. The money is applied towards the purchase price at closing
  • Terms: includes the price of the deal and the financing details
  • Conditions: conditions either the buyer or seller must meet prior to the contract being finalized and the deal closed
  • Inclusions or exclusions: those items that either remain or don't with the house after it is sold


Adams Realty
Mailing Address:
P.O. Box 175
South China, Maine 04358


Physical Address:
302 Route 3
China, Maine 04358


(207) 445-4323