It really is starting to be the "Time to Buy" here in Rhode Island. Mortgage rates are lower and sellers are actually realizing that they need to lower their prices if they want to sell their homes.
If you are in the market for a home, get yourself to a good Lender and get pre approved. There are numerous homes on the market and you can negotiate a pretty reasonable price, especially as we go into the winter months.
So, if you are looking for a deal in Rhode Island Real Estate, you may just find one now.
Waterfront properties and surrounding areas have also reduced drastically. A home that you could barely look at a couple of years ago, is now in your price range. Yes, there are still some overpriced homes out there, but they will still be there next year and probably a lot cheaper.
Pay attention to this market, it won't last forever. Markets are cyclical, the prices will rise again. Have your Realtor keep you up to date on the homes that you are interested in and get the best deal for you, the Buyer!
The American Dream is still obtainable! Especially right now and in the next 1 or 2 years.