If you own property in Newport or Middletown, RI, you probably know that 2012 is a revaluation year. That means Newport and Middletown's tax assessors are about to revise your valuation based on comparable sales and other market indicators. You might agree with their opinion of value, but just in case you don't, you should file a Ratable Tax Form now.
To protect your right to appeal your new assessment, you must file a Ratable Tax Form with your town hall by Tuesday, January 30, 2012. The form provides your opinion of your property's value and insures your legal standing should you decide to appeal. With legal standing you have the right to sue for a reduction. Without it, you can only make the
According to the National Association of Realtors, the number of Rhode Island single-family homes sold last month increased 19 percent from December 2010. In addition, pending sales - those sales under contract but not yet closed - rose 17 percent from the year prior. Historically speaking the winter months tend to reflect a decrease in sales overall in Rhode Island, however, these recent statistics have both caught the attention of Rhodes Island’s Realtor President, Jaime Moore and helped shift the debate about listing homes in winter.
"We're happy to see sales rising again of their own accord," said Moore. "People are buying for no other reason than they recognize affordability in the market and that's a good sign. There is no tax incentive or
It's no secret that Newport, RI with its lovely seascapes, upscale shops and warm weather attractions is an enormously popular summer destination. Bustling boulevards from Bellevue Ave. to Thames Street are evidence of its summertime appeal. If you were to ask the locals the best time to enjoy Newport, however, you might be surprised to hear them say, "Winter."
True, Newport offers ample entertainment for all ages in the summer months, but while warm weather attracts tourists, the off season is a time to celebrate the natives. Popular winter events include mansion tours, ice skating at the Newport Yachting Center and the infamous St. Patty's Day Parade, which happens to fall directly on St. Patrick's Day this year. What
I can't believe I'm typing from a desk in the window front of an office overlooking Newport, RI's most famous street, beautiful Bellevue Ave! After a year with Landmark Realty Group of Wakefield, RI, I have made the infamous transition from mainland to island, and I'm happy to report that life on Aquidneck is amazing!!
My name is Stephanie Johnson, and I am a small town girl who has always had a taste for adventure the latest of which has been laying down roots here in the ocean state. Having grown up landlocked in West Rutland, Vermont, population approximately 2,400, I have developed a childlike appreciation for all that Rhode Island and Newport especially, have to offer! Boasting some of the most
It’s easy to feel negative about Rhode Island's real estate market when all you hear is bad news. "Houses are not selling," "There are no buyers," "Banks won't lend," and "The economy is too weak for the housing market to improve." Rhode Islanders need to look past the headlines and see the big picture. The greatest buying opportunity in our lifetimes, especially for first time home buyers and investors, is right now. Here are a few reasons it’s an absolutely awesome time to buy:
Low Rates - Mortgage rates are at historic lows. Two decades ago a 10% mortgage was a great deal. In 2012, rates range from 3.75% - 4.5%. Every .5% drop n a 30 year, $300,000 mortgage, puts $90 a month, $1,080 a year, or $32,400 over the life of the loan RIGHT IN YOUR