To all our Agents, Clients, soon to be clients, Friends and Family.

We wish you a peaceful and prosperous Holiday Season!

Rhode Island is in serious trouble. Should you buy now?

Rhode Island Real Estate is in a state of flux right now. Yes, we had a flurry going for awhile with the tax credit for first time buyers. Amazingly homes were going so fast during the last couple of months, that it almost seemed as if prices would start going up. And they did, but very minutely.

Now, according to CNN News Rhode Island again is in the top ten. It seems we are always in the top ten of something! This time, it's our financial problems. I clearly remember the reason our governor ran for this position. He ran a business and knew how to manage money!! You can go here to see the CNN article

Here is the chart for "states in fiscal peril"



So, what does this mean for the housing market here in Rhode Island? Well one could say that yes, it is still a good time to buy. We now have an extension on the tax credit and an additional incentive for people who may have wanted to list their homes and make a move, but were afraid to because of the volatile market. Now if you wanted to list you would have a better chance of a buyer actually considering your home and when you moved, you would also be able to collect a few thousand (above and beyond).  This is nothing to sneeze at and will be ending April, 2010.

However, who is to say that homes will not continue to decline? We are all hearing those rumors about the foreclosures stuck in the "pipeline". In my business, I do a lot of traveling throughout Rhode Island and I see many, many unoccupied homes. Are they future foreclosures? And why are they not on the market now?  What is holding up the banks in these instances?

Also, anyone who has had the misfortune opportunity to be on either side of a short sale, already knows how futile they can be.  Yes, a buyer can get a really good bargain. (Better than a foreclosure because the plumbing is usually still in the house). However, that buyer needs to excersise extreme patience because it can be months and months before they even hear back from the bank. Why? 

I would venture to say that if you now want to list your home, it would be a pretty good time to do so.

I am a Realtor. I write about Rhode Island. Rhode Island has some beautiful coastline and picturesque country. I live in Rhode Island and grew up here. But, we are in financial trouble.  This is a good time for someone from out of state to come in and snap up a waterfront or bayside home. Our beaches are now sporting some great home deals! These homes were once coveted and now are on the market. Rhode Island's troubles are someone elses' gains, as is the case with just about everything.

Here's hoping Rhode Island gets back on its feet and shows its stuff. We have a lot of great places here. All we need is jobs!

Two Family Cranston RI REDUCED!!!!

This is it! Your chance to own a two family in a great neighborhood and get help with your mortgage. See the Virtual tour below.

This house has been drastically reduced for a quick sale. This is a bank owned home and will be selling AS IS. Mostly needs updating. You will need a prequalification letter to make an offer, so get that first then call me. Don't wait too long.

Follow this link to see the tour.

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.

153 Finch Ave Pawtucket Rhode Island $174900!!!

First Time Homebuyers Or Investors

THIS IS THE CHEAPEST RANCH IN PAWTUCKET!
Newly painted exterior and trim.

Here is yet another great opportunity for you to get into a new home for under market value!

It boasts 3 bedrooms with hardwoods and a fireplace in the living room. A full basement affords loads of storage room.

This home needs Interior paint and a little (very little) TLC.

You will be buying this home AS IS. It has a full basement and cute yard in a great neighborhood! Ride by and take a look, then email me and we can discuss how I can get you into your new home! KarenHurst@rihome.net

"Making Realty a Reality"

Rhode Island Real Estate Buyers get Ready Now!

Spring is here and as most people know, a lot of homes are going on the market. Homes "look" better in the spring and its more fun to shop for a home when there's no snow on the ground. If you are looking for a home, I would advise you to get started now. You need to get yourself approved for a mortgage, find out how much you can afford and get looking. If you want to work with a Realtor, start looking for one you feel comfortable with, who will take the time to find out what you want and spend some serious time actually looking for your new home! Don't be discouraged by all the news you may have been hearing in Rhode Island Real Estate, about sub prime mortgages, foreclosures, stagnant markets....This is the time to find some good deals. Yes there are a lot of foreclosures. Yes there are a lot of houses on the market and yes, the 100% loans are going through a tough time. There are still great programs out there for you and a much wider spectrum of homes to choose from..So find a Realtor and start looking! Rhode Island Real Estate is hopping! Make sure you are ready. I have buyers now that are already approved with letters in hand. We are ready to make an offer as soon as we see the "right" home. Don't be left out of the game by not having your letter ready. Know your market and be prepared. This won't last forever!