Rhode Island Buyers Christmas

Yes, Virginia, it is now Christmas for Buyers'.

The rates are low, the homes are priced lower. If you haven't been paying attention, it's time to do your Christmas shopping for a new home.

Time to Buy

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.

How to make money buying Real Estate

I guess everyone wants to know the answer to this. The problem is that everyone already knows the answer.

It's very simple, "Buy low, Sell High".

That is all you need to know to make money in Real Estate.

In the past few years, many investors tried to buy homes, but they miscalculated and bought High. Now they are reluctant to Sell low, which, while understandable, is creating a large supply of homes on the market.

Home buyers that planned on living in their home (Owner occupied) who bought in the past few years, also "Bought High". They are not inclined to "Sell Low".

All of this "emotional" buying and selling creates a down market.

This, coupled with the Mortgage Industries' problems this past year, have created a stagnant market.

Rhode Island Real Estate has been in a turmoil in the past few years. After the Credit Crisis of the late 1980's and early 1990's the market started on an incredible upswing. Unless you have been living in a cave, you had to have noticed the High prices of homes. Homes were selling so fast that bidding wars were everywhere.
Of course, you knew, and so should everyone else have known, that this would not last.

Now, the market has been steadily declining. Homes bought in 2005 no longer command the price they once did and have actually dropped. Tax assessments in most cities have continued to rise and some are now assessed at over the Market Value of the home.

The market will not remain stagnant for long. It has to move. Figure it out for yourself. Which way will the Market go?

Are you looking to rent?

If you are looking to rent a home, with a possible option to buy, please contact me.

Homes, as we all know are not selling as fast as they used to. If you wanted to buy, but are not quite ready yet, have a good credit score and are interested, let me know.

First and last months deposits would still be a requirement. The difference is, you would be working torwards your own home. You would be responsible for the maintainence of your home, just as if you had bought it already.

We have several options to consider, but if you don't contact me, you may lose out on a great deal!

82 Fuller St, Warwick, RI, $198,900

Here is your chance to get into a BRAND NEW HOME in Warwick for an unbeatable price!


This home has been totally rebuilt from top to bottom, includes an extra lot, central air, brand new hardwoods and wall to wall. Everything is new and ready to move in.

This is a perfect starter or empty nester home. It has two bedrooms, storage in the attic, a laundry area with closet space, vinyl sided, new roof, all new everything! You cannot go wrong, there is absolutely nothing to do but move right in.



Don't wait, email me now!


Click for Virtual tour of this home.

Internet Technology

I do not consider myself particularly tech savvy. I can spend hours and hours looking up different things and ways to do things on the web and then promptly forget them as soon as I start something else. However, I do have a blog or two or three:) Does this make me ahead of the game? Don't know. I believe that in the near future, blogs will be as old hat as emails and we will be on to something new. Meanwhile, there are so many things I can use my blogs for as a Realtor.

One, I can upload photographs and listing information that can be read instantly worldwide! That alone is a major tool for a Realtor!

Two, I can write whatever I feel like writing any time I feel like writing.

Three, I can have as many blogs as I want. One for every little interest. I could even have one for every listing if I wanted to.

Four, I can publish an invitation to all my friends via one of my blogs and they can all respond instantly. Blogs are almost better than email, except they are not private.

I can also share photos, link to other blogs or websites or quotes, the list is endless. I seriously do not know how I existed before blogdom!

Please take a moment to puruse my listings on this blog and email me if you have any interest.

Also, if you are looking to buy in Rhode Island, drop me a line or comment here, if you like.

Save your home!

If you are in trouble on your mortgage payments due to having bought a home with an ARM mortgage and now your new payments are coming due, you need to read this article written by fellow Active Rainer , Aaron Gordon Mortgage Banker on the new guidelines from HUD. It may save your home. Here is the article This article explains the way it will work, who will be qualified and provides links to Hud. Good Luck.