I’m not a Maine resident. Anything special I need to know?

Yes. If you are not a Maine resident, Maine will withhold 2.5% of the sales price at closing. However, you can apply for a waiver. You will need to provide:

  • Proof of your purchase price
  • Total amount of your capital improvements to the property
  • Information regarding rental usage
  • Information about whether the property was your primary residence for two of the last five years.
  • Maine REW5 application