Key Takeaways

- Average Total Closing Costs: ~1%–3% of the sale price (Source: https://www.bankrate.com/real-estate/average-closing-costs/)
- Average Timeline for a Traditional Sale: 100–125 days total (10–12 days prep, 60–70 days on market, 30–45 days closing) (Sources: Zillow, Redfin)
- Disclosure Requirements: Sellers in Maine must disclose structural or environmental issues and any other material facts. (Source: https://www.maine.gov/pfr/professionallicensing/professions/real-estate/forms)
- Alternatives: As-is and sale-leaseback options are gaining popularity for faster, less disruptive sales.
    

How Long Does It Take to Sell a Home in Maine?

Selling a home in Maine typically takes 100–125 days. Here's the breakdown:
- Preparation: 10–12 days to clean, repair, and stage.
- Days on Market: 60–70 days (Source: Redfin Market Data)
- Closing: Around 30–45 days once under contract.
    

Top Counties: Quick Insights

County/Metro

Market Insights

Cumberland

Portland drives demand, winter slowdowns expected.

York

Coastal homes attract seasonal buyers.

Penobscot

Stable demand in Bangor, moderate pricing.

Kennebec

Affordable homes, longer closing periods.

Androscoggin

Smaller inventory, buyers expect deals.

Steps to Selling in Maine

Step 1: Set the Right Price

Use a Comparative Market Analysis (CMA). Pricing too high can lead to extended days on market. Pricing too low may leave money on the table.

Step 2: Complete Required Disclosures

Maine requires disclosure of structural issues, plumbing/electrical systems, and environmental concerns. Failure to comply may result in legal action. (Source: https://www.maine.gov/pfr/professionallicensing/professions/real-estate/forms)

Step 3: Decide Between Traditional, Wholesale, or Sale-Leaseback

Method

Pros

Cons

Traditional Sale

Max exposure; market competition

~60–90 days total; staging & prep required

Wholesale

Rapid close (often <30 days); no prep

Offers may land ~30% below market value

Sale-Leaseback

Sell as-is, stay in your home, avoid staging/showings

Requires ≥20% equity to qualify

Step 4: Understand Closing Costs

Typical seller costs in Maine include:
- Agent commissions: ~5–6%
- Title and escrow fees: ~0.5%
- Seller concessions and HOA fees (if applicable)
(Source: https://www.bankrate.com/real-estate/average-closing-costs/)
    

Want to Sell Fast but Stay in Your Home?

Sell2Rent offers:
- As-is sale with no showings
- 24-hour cash offer
- Close in as little as 15 days
- Stay as a renter after selling your home

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Final Thoughts

Whether you're aiming for top dollar, a fast sale, or the ability to stay in your home, Maine homeowners have options.
Explore traditional, wholesale, or leaseback strategies depending on your financial goals and personal needs.