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June 2024
Hi, it’s Hunter! Today, we're exploring the key highlights and trends in the real estate market for June 2024. I am also sharing a featured listing, and important news from the Real Estate world!
Market Update
Today we’ll discuss the latest on home pricing and inventory.
Veterans Affairs Lifts Barrier to Compensation for Military Home Buyers
The Department of Veterans Affairs (VA) has made a significant policy change allowing VA home buyers to pay their real estate agents directly. This change is a relief for VA home buyers who were previously unable to cover certain fees for real estate services. Click here to read the remainder of this article.
Exclusive Listing - Peaks Island, Maine
I am thrilled to share with you a listing that is just hitting the market. This is a unique opportunity to get the inside scoop on a fantastic property. If you, or someone you know, has any interest, please reach out to me!
613 Island Avenue, Portland, ME
1 bed, 1 bath
Fully renovated, ocean view, year-round
Offered at: $899,900
Pack up your golf cart and get ready to dip your toes in the sand at one of the many nearby beaches, or explore the rich history, rocky shores, and ever-changing beauty of Peaks Island! Originally built in the 1890s, this tranquil island home was renovated with a modern open floor plan while maintaining the warm feel of island living. Nestled on a beautiful tree lined street near the Evergreen side of Peaks Island, enjoy stunning sunset views of Diamond Island Pass, Casco Bay, and Portland from this adorable fully furnished year-round cottage. Whether you choose to call this your home, vacation home, or an investment, you can opt to honor the more than $15,000 of short-term rental bookings for this season (the 2023 season totaled $21,176.47 and full rental history is available). A new Jøtul gas stove, tankless water heater, beautiful hardwood floors, smart baseboard thermostats, upstairs and downstairs split A/C heat pumps, Bosch dishwasher, Ring sensors, and washer/dryer are just some of the additional comforts this cottage offers.
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Sources:
Keeping Matters Current. "Monthly Market Report | June 2024”. Retrieved from KeepingMattersCurrent.com (www.keepingcurrentmatters.com).
NAR.Realtor “Veterans Affairs Removes Compensation Hurdle for Military Buyers". Retrieved from NAR.Realtor (www.NAR.Realtor).
This newsletter was authored by Hunter Letendre with the assistance of ChatGPT, an AI language model developed by OpenAI. The AI provided research and drafting support based on provided sources.
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