More families are buying together

By Lisa DiBiase

The Lakes Region has a long tradition of multi-generational gatherings built right into its history. The camp on the lake with the grandmother’s bedroom on the first floor and the cousins taking over the screened porch; most people around here know that setup.

The Maine camp, the family cottage on the water, the big old farmhouse sitting on a few acres outside of town. These are places that were always designed, in some sense, for more than one household to use. The difference we’re seeing in today’s market is that buyers want year-round setups, not just summer spots, and they’re coming to the Lakes Region specifically to find it.

The National Association of Realtors reported that 14 percent of home purchases in 2025 were multi-generational, and industry data suggests that close to one in five American households now include multiple generations under one roof. Gen X buyers, people in their mid-forties to early sixties, are leading this trend, and they’re not looking for just a seasonal gathering space.

They want a year-round setup and they’re thinking through the logistics the way you would place a small household's day-to-day operations. The Lakes Region properties that fit this tend to be the older camps and cottages that have been added onto over the decades, the farmhouses with a few outbuildings that could be converted into living spaces, or newer builds with finished lower levels and separate entries.

This also means they’re asking us different questions during showings. Does the garage have plumbing roughed in? Is there a separate entrance on that side of the house? Could the walk-out basement be finished into an apartment? How far is the second structure from the main?

Maine’s state law now makes this more workable than it used to be. Under legislation that has taken effect over the past couple of years, any single-family property in Maine can have at least one accessory dwelling unit added by right, meaning you do not need a special permit or a rezoning to build it, just standard building permits. That has changed the math for many buyers looking at a property and dreaming about what it could become. A two-acre lot in Windham, Raymond, or Casco that might have seemed too limited before now looks a whole lot better when you know you can build a second unit.

The properties I tend to show families who are buying together share a few features. Enough square footage or enough land that people genuinely have privacy when they want it. Separate entrances or the structural potential for them. Layouts where the kitchen and living spaces do not run through each other. And in the Lakes Region, specifically, access to the water or trails, because a shared experience is why people are choosing to purchase multi-unit spaces.

I want to be clear, though: this kind of purchase requires more upfront conversation than a typical real estate transaction. There are things to work through around how the mortgage is structured, how the deed is titled, and what happens to the property if circumstances change. None of that is insurmountable, and I work buyers through it all, but it is not a simple single-buyer purchase, and planning ahead makes all the difference. 

If this sounds like something your family has been looking for or talking about for years, we would love to join the conversation. The Lakes Region offers more options for this style of living, and Maine's legal landscape has never been more favorable for making it work.

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.

This article was brought to you by Lisa DiBiase, Broker/Co-Owner of Landing Real Estate. Lisa and her team proudly represent buyers and sellers across the Greater Portland, Lakes Region, and beyond. For all your real estate needs, contact Lisa at [email protected] or call (207) 775-SOLD. <

Buying a home with solar panels

By Nicole Foster, Broker/REALTOR

The installation of residential solar panels has grown significantly over the past decade, as the technology has continued to improve while the cost of solar energy has declined. At the same time, rising electricity costs have made the potential for long-term energy savings an increasingly appealing reason for homeowners to consider going solar.

Owning a home with solar panels can offer several benefits, including the potential to reduce your energy bills, lower greenhouse gas emissions, and provide greater energy independence.

If you're considering buying a home with solar panels, you’ll need to understand the system and how it works. Not all solar systems are the same, and details such as the age and condition of the panels, system size, expected energy production, warranties, and maintenance requirements are all important considerations. Just as importantly, you’ll want to understand how the system was purchased or financed.

Whether the panels are owned outright, financed through a solar loan, leased, or covered by a power purchase agreement (PPA) can have a significant impact on the purchase of the home, and the obligations that may transfer to you as the new homeowner. Understanding these details can help you determine whether the home—and its solar energy system – is the right fit for you and your financing.

As of early 2026, marketplace data from EnergySage suggests that the typical U.S. home solar shopper is looking at a system of about 12 kilowatts (kW), with an average installed cost of roughly $30,500 before incentives. The actual cost of a solar system can vary considerably depending on factors such as location, roof size and condition, equipment, and local labor costs.

Find out when the solar system was installed and how its age compares with the age and expected remaining life of the roof. Residential solar panels typically last 20 to 25 years, so it is important to consider whether the roof will need repairs or replacement before the solar system reaches the end of its useful life. The installation company can provide valuable information about the age of the system, its maintenance history, and the terms of the original purchase or financing agreement. If the original installer is no longer in business, find out the manufacturer and model of the solar panels and inverter(s). You may be able to contact the manufacturer directly for information about the equipment and any applicable warranties. You can also contact a qualified local solar installer to find out whether they are familiar with the equipment and can inspect the system to ensure it is functioning properly.

A third-party owned system may require additional steps to assume ownership or to transfer the contract. It is important to address these details early in the transaction, or before making an offer, to avoid delays or unexpected issues at closing. Ask the current homeowners about existing warranties and check that the paperwork is up to date. Contact the manufacturer to learn about any maintenance needs. Your lender will need to review any contractual agreements tied to the solar panels. If the seller prepays the solar lease, an invoice or other documentation showing that the lease has been paid in full should be provided.

If the seller will not be pre-paying the lease, documentation from the solar company confirming that the lease can be transferred to the buyer will likely be required by your lender. If the homeowner bought the system outright or under a loan, the ownership should convey with the property. Sellers who own their system outright are in the best position when it comes to selling their solar-equipped home. According to Fannie Mae appraisal guidelines, the ownership and financing structure of a solar panel system are important factors in determining how the panels are treated in a real estate transaction. 

Depending on the arrangement, the system may be owned by a third party, considered the homeowner's personal property or be treated as a fixture to the real estate. Understanding how the system is owned and financed can therefore be important when determining what is included with the property and how the solar panels should be considered in the appraisal.

As a REALTOR®, I am seeing this scenario with increasing regularity in our marketplace as more and more homes become equipped with solar energy systems. As solar becomes a more common feature of residential properties, it is increasingly important for both buyers and sellers to understand how these systems are owned, financed, and transferred as part of a real estate transaction.

Nicole Foster is a real estate broker with over 20 years of experience helping buyers, sellers and investors in Southern Maine who loves real estate and people. Follow Nicole at @207nicolefoster or facebook.com/sellingmaine. <

Maine’s Real Estate Market Update: What Buyers and Sellers Need to Know This Fall

By The Libby Starnes Team, Signature Homes Real Estate Group

As summer winds down and we head into the fall real estate market, Maine’s housing landscape continues to evolve. While the market has become more balanced compared to the intense seller-driven conditions of recent years, demand remains strong in many areas. For buyers and sellers considering a move this fall, understanding the changing market – and preparing accordingly – can make all the difference.

A More Balanced Market Heading Into Fall

After several years of historically low inventory and intense competition, Maine’s real estate market is showing signs of greater balance. Buyers are seeing more opportunities than they did in previous years, while sellers continue to benefit from strong demand for well-priced, well-maintained homes.

Fall often brings a natural shift in the market. Some buyers who have been searching throughout the summer become more motivated to make a move before the end of the year, while some sellers who’ve waited through the spring and summer decide that fall is the right time to list.

The result? A market where preparation, pricing, and presentation matter more than ever.

Southern Maine Continues to Attract Buyers

Demand remains particularly strong throughout Southern Maine, including Cumberland and York counties. Communities such as Windham, Gorham, Standish, and surrounding areas continue to appeal to buyers looking for a combination of convenience, community, outdoor recreation, and access to Portland.

As families settle into new routines with the start of the school year and buyers reassess their housing needs, homes in desirable school districts and convenient locations are likely to remain highly sought after.

The Lakes Region also continues to attract attention, particularly for waterfront and seasonal properties. Homes on Sebago Lake, Little Sebago, and nearby waterways can remain appealing well into the fall, especially when they are updated, well-maintained, and positioned to showcase their year-round or recreational value.

What Could Drive Buyer Activity This Fall?

Mortgage rates will continue to play an important role in buyer behavior. Even modest changes in rates can influence affordability and bring additional buyers into the market.

At the same time, many buyers have adjusted to the reality of today's borrowing environment. Maine's lifestyle appeal, limited rental inventory, and continued interest from people relocating from out of state are helping support demand.

We also continue to see buyers drawn to Maine for remote-work flexibility, a desire for a slower pace of life, outdoor recreation, and the opportunity to put down roots in communities they love.

For motivated buyers, fall can also present an opportunity to find sellers who are serious about completing a transaction before winter.

What Sellers Should Know This Fall

If you're considering selling this fall, pricing strategically will be especially important.

The days of simply putting a home on the market and expecting multiple offers regardless of condition are not necessarily representative of today's market. Buyers have more choices and are paying close attention to value.

Homes that are clean, well-maintained, appropriately priced, and professionally marketed can still generate significant interest.

Before listing, sellers should consider:

● Completing small repairs and cosmetic improvements.

● Decluttering and preparing the home for professional photography.

● Investing in professional staging when appropriate.

● Having important systems and maintenance items addressed.

● Considering a pre-listing inspection.

● Providing clear disclosures and documentation. 

● Creating a strong digital marketing strategy across Zillow, Instagram, Facebook, and other platforms.

Fall also offers a unique marketing opportunity. The changing leaves, cozy interiors, fireplaces, and seasonal character of a Maine home can help create an emotional connection with buyers – when presented thoughtfully.

Advice for Fall Buyers

For buyers, preparation remains key.

Having a mortgage pre-approval, understanding your budget, and knowing which features are truly must-haves can help you move quickly when the right property comes along.

While some segments of the market may experience longer days on market or price adjustments, desirable homes that are priced correctly can still attract multiple offers.

Buyers may also find opportunities by looking beyond move-in-ready properties. A home that needs fresh paint, updated flooring, landscaping, or other cosmetic improvements could provide an opportunity to purchase in a desirable location while adding value over time.

And don't overlook the advantages of working with a local real estate professional who understands the nuances of Maine's communities and neighborhoods.

Fall Is a Season of Opportunity

The fall market may look different from the fast-paced spring and summer seasons, but that doesn't mean the opportunities disappear.

For sellers, fall can be an excellent time to reach motivated buyers who are ready to make a move. For buyers, it can provide opportunities to negotiate, explore homes that may have been overlooked during the busier summer months, and potentially find sellers who are motivated to close before the holiday season.

As we move toward the end of the year, mortgage rates, inventory, buyer demand, and economic conditions will continue to shape the market. The key for both buyers and sellers is to stay informed and make decisions based on their individual goals – not simply headlines about the market.

Looking Ahead

The Maine real estate market continues to evolve, but one thing remains consistent: local knowledge matters. 

Whether you're thinking about buying, selling, relocating, downsizing, upsizing, or simply wondering what your home might be worth in today's market, having a knowledgeable local team by your side can help you navigate the process with confidence. 

At The Libby Starnes Team, Signature Homes Real Estate Group, we're in the market every day. We're here to help you understand current trends, evaluate your options, and create a strategy that fits your goals.

Thinking about making a move this fall? Let's talk.

For more market updates, current listings, or to schedule a consultation, visit www.libbystarnesteamhomes.com or follow The Libby Starnes Team on social media. <