Found 2 blog entries tagged as RI home sales.


A great 2013 Buying Opportunity in Portsmouth, RI

Everyday RI homebuyers ask, “Should I buy now, or should I wait for a better deal?"  

These days my answer is decisive: “NOW is the time.”  

Coming from a real estate broker, these words can seem like a sales pitch - a canned response suitable for any market.  I am writing today to give you facts to back up my opinion.  I hope, 10 years from now, someone who bought a house after reading this blog will thank me for pushing them over the edge.  I imagine how happy they will be with a 3.5% mortgage on a low purchase price negotiated during one of the strongest buyers' markets of our lifetime.  Ten years down the road they will have significant equity in their home, and this will give them the freedom to…

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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…

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