Friday, June 14, 2024

Real Estate: Quarry Ridge Business Park needs signal light

By Larry Eliason

The time has come for the Town of Windham, the Maine Department of Transportation and our legislators to develop a team to bring a signalized light to the intersection of Route 302 and Enterprise Drive for public safety, traffic calming and to help attract new investment to the Quarry Ridge Business Park.

An aerial photo show Quarry Ridge Business Park 
in North Windham. SUBMITTED PHOTO
The Quarry Ridge Business Park offers an incredible opportunity for Windham to expand an existing business park to attract companies with good paying jobs and to provide a stronger commercial tax base for the town.

Over the past several years, I have written articles about commercial real estate, lot sales and development activity at the Quarry Ridge Business Park with an emphasis on Enterprise Drive and Bedrock Terrace. Enterprise Drive is just off Roosevelt Trail/Route 302. This Business Park is a Grondin Family investment in Windham.

As many will agree, the intersection of Route 302 and Enterprise Drive has become a very busy intersection as Enterprise Drive, Bedrock Terrace and Storm Drive have several businesses from retail, office, service, manufacturing, engineering, public storage with many valued business owners, their employees and customers. Cars and trucks sit for very long periods of time waiting to get off Enterprise Drive onto Route 302 without a signalized light. My biggest fear is a carload of kids going for ice cream pull out onto Route 302 at the wrong time and there ends up being a tragedy that can be prevented.

There is an existing MDOT traffic movement plan in place that will eventually include a much-needed traffic signal at the intersection of Enterprise Drive and Route 302. It is certainly time to wipe the dust off this plan and make an action plan and implement it asap. The chicken and egg story for this intersection has been going on for way too long in my opinion.

The intent of the Enterprise Development District is to provide a unique area within the Town of Windham to allow manufacturing, processing, treatment, warehousing, storage, research, and distribution with safe, well-regulated vehicle access located off a major street which can conform to the performance standards set forth in this section and in all other applicable ordinances of the Town of Windham.

The following uses are currently allowed in the Enterprise Development District:

Auction House, Automobile Auction Facility, Automobile Repair Services, Building, Accessory, Business and Professional Office, Contractor Services, Contractor Storage Yard, Construction Services, Heavy, Major Construction Services, Heavy, Minor, Convention Center, Distribution Facility, Forestry, Hotel, Industry-Heavy, Industry- Light, Marijuana Cultivation Facility, Marijuana Manufacturing Facility, Marijuana Testing Facility, Mineral Extraction, Motel, Public Utility Facility, Retail Sales, Accessory, Small Engine Repair, Use, Accessory Warehousing, Private Warehousing, Public, and the Wireless Telecommunications Tower and Facility.

Quarry Ridge Business Park off Enterprise Drive is located on approximately 1,000 acres of land. Phase 1A was built in 2004 and was anchored by Genest Concrete products and LaValley Lumber Building Supply. The LaValley property was acquired by Tube Hollows International in 2012.

Phase 1B was approved by the town of Windham in 2006 and since then mining of the gravel pit and quarry has progressed enough to leave behind flat buildable lots available for industrial use. The entire development is served by public water, electric including (3-Phase) and natural gas.

As a Commercial Real Estate Broker, I see millions of dollars in new investment coming to this Business Park in the coming years. The commercial tax base being generated will provide the Town of Windham with a valuable commercial tax base to help provide additional infrastructure and services to the residents of Windham.

Please feel free to contact me on my cell at 207-415-2112 or email me at Butts Commercial Brokers is at 1265 Roosevelt Trail, Raymond, Maine 04071 <

Friday, June 7, 2024

Why You Should Use a Buyer's Agent When Purchasing a Home

By Lisa DiBiase

As we navigate the ever-changing real estate market, it's crucial to understand the importance of having buyer representation when purchasing a home, regardless of market conditions. Buying a home can be one of the most difficult and complicated purchases you make in your lifetime. Not only is the amount of money you’re dealing with substantial, the complex legal aspects of real estate transactions can be confusing for those who don't work directly in the field. This is why many home buyers choose to use a buyer’s agent when searching for a new home to purchase.

Step inside a real time testimony from my clients who are currently in the process of purchasing their first home:

“As first-time home buyers, we did a ton of research online. What we quickly realized is no amount of self research would have prepared us for the real market we faced, especially in today’s market! We needed the expertise that comes from an agent’s own experience. Lisa’s guidance and connections have been instrumental in our home buying journey.” Chad and Will

Let's explore how and why it is so essential to have a Buyer’s Agent:

To Start, what is a Buyer’s Agent?

A buyer’s agent is a real estate professional who represents the interests of the buyer in a real estate transaction. Unlike a listing agent, who represents the seller, a buyer’s agent is solely dedicated to helping the buyer find and purchase a home. They have a fiduciary duty to act in the best interests of the buyer, ensuring that their needs and concerns are prioritized throughout the transaction. This arrangement offers several benefits and can add significant value to the home-buying process.

Here are some key advantages of having buyer representation:

1. Professional and Expert Guidance: A buyer’s agent has specialized training and knowledge of the real estate market, including current trends, pricing, and neighborhood insights. They can provide expert advice and help buyers make informed decisions.

2. Access to Listings: Buyer’s agents have access to multiple listing services (MLS) and can provide buyers with detailed information about properties that match their criteria, including those that may not be widely advertised or are new to the market. An advantage for the buyer is real-time access to listings as soon as they become available through automated email alerts. This feature sends new listings directly to the buyer the instant a listing agent adds them to the MLS.

3. Negotiation Skills: Experienced buyer’s agents are skilled negotiators who bring a wealth of knowledge and expertise to the table. They advocate on behalf of the buyer to secure the best price and terms possible while leveraging their understanding of market trends, property values, and seller motivations. By understanding the details of the negotiation process, they can identify opportunities for concessions and expectations, potentially saving the buyer money and setting the buyer's offer apart from others.

4. Market Analysis: Buyer’s agents can perform a Comparative Market Analysis (CMA) to determine the fair market value of a property. This provides the ability for the buyer to make educated decisions and potentially avoid overpaying and ensures they are making a sound investment.

5. Transaction Management: The process of buying a home involves numerous steps, from making an offer to closing the deal. Each of these steps comes with its own set of paperwork, deadlines, and requirements. Managing all these elements can be overwhelming, especially for first-time buyers. A buyer’s agent handles the transaction management, ensuring all paperwork is correctly completed and submitted on time. They keep track of deadlines and coordinate with other professionals involved in the process, such as mortgage brokers, home inspectors, and title attorneys. This comprehensive management helps prevent costly mistakes and delays.

6. Local Knowledge: Buyer’s agents often have extensive knowledge about the local area beyond just property values. They can provide insights into the community, including information about market trends, schools, community amenities, future developments, and overall lifestyle. This local knowledge is particularly beneficial if you are moving to a new area and are not familiar with its characteristics. Having a better understanding of the neighborhood can assist you in selecting a home that fits your lifestyle and long-term needs.

7. Professional Network: Please do not underestimate the value of real estate professionals and the relationships that are established through working together on a daily basis. Real estate transactions often require the involvement of various professionals, including mortgage brokers, home inspectors, contractors, and attorneys. Buyer’s agents typically have a network of trusted professionals they can refer you to. This network ensures that you receive quality service from reliable experts, making the home-buying process smoother and more efficient.

8. Advocacy: A buyer’s agent is legally obligated to act in the best interests of the buyer. This fiduciary duty ensures that the buyer's needs and concerns are prioritized throughout the transaction. There are many different fiduciary duties that an agent must uphold, including the duty of loyalty, confidentiality, disclosure, obedience, reasonable care and diligence and accounting. They must disclose all relevant information regarding the transaction and act with the utmost care and loyalty to the client.

9. Peace of Mind: Having a professional on your side can reduce the stress and uncertainty of buying a home. Knowing that someone with expertise is handling the complexities of the transaction can provide peace of mind.

Overall, using a buyer’s agent when purchasing a home offers numerous benefits, including expert guidance, market knowledge, skilled negotiation, and comprehensive transaction management. Their local insight, professional network, fiduciary responsibility, and cost efficiency make them an invaluable ally in the home-buying process. By enlisting the services of a buyer’s agent, you can navigate the complexities of purchasing a home with confidence and ease, ensuring a successful and satisfying experience.

As I have said before, please call a local REALTOR for all your real estate needs no matter how big or small. We are trained professionals here to make your life easier. It's best to surround yourself with the right team of professionals that can continuously give you the right advice for all your circumstances.

Lisa DiBiase is the Broker/Owner for Landing Real Estate. She and her company represent buyers and sellers in the Greater Portland area and surrounding areas. For all your real estate needs contact Lisa at or call 207-775-SOLD. <