Independent Man

The Reports are out Nationwide for Real Estate

The Rhode Island report does show growth and values are increasing. We are beating the average nationwide but still have a long way to go. Many opportunites for good real eastate buy exist.

Jobs are still a major factor for recovery in Rhode Island.

Although a high unemployment rate continues to be above the national average, the layoffs and job losses are holding steady, according to the report. This is an election year and the platform for all canidates in Rhode Island is reform and creating jobs. With our 39 cities and towns relying on less state aid, the belt tighting is extreme and less will have to be more.

Rhode Island Real Estate First Quarter 2010 Report 

Find your way through the Real Estate Market

Talk with an experienced professional; Mark McHugh of Slocum Realty. There are many great properties to chose from and a terrific time to buy. The rates are low and the inventory is strong. Call today with any and all questions:   401-641-3842   markm@slocumrealty.com 

A wonderful 19th Century Bell Tower in Warwick, Rhode Island. photo by Mark McHugh

 The belief in Karma is “if you do good things…good things will happen”, so the popular TV show character from My Name Is Earl, says. Well here in Warwick good things are happening and residents deserve the fruits of their deeds as well. Long have the people of Warwick ,in recent history worked for a symbiotic relationship with our state airport. Although there are many more discussions to be had, the new train station and intermodel will be a much needed expansion for Warwick and the rest of Rhode Island.

How will this project increase the property values of the surrounding cities and towns of Warwick, East Greenwich, and Cranston?

Here are the local figures from Trulia:

So, will the new station bring new buyers to the area? My opinion is yes. Metropolitan areas, like Boston, New York and Philadadelphia tend to attract buyers that follow employment. These areas on the East Coast, have a diverse effect on Real Estate.

 With the first train expected to roll through on September 11, 2010, according to Warwick Mayor, Scott Avedesian, the 17 year dream and perseverance will become a reality.

 The real deal is for those people that live in the metro Boston area currently.  The current median home price in Boston is $349,000. according to HousingTracker.net . Rhode Island’s median price is on the rise, but still packs value at $205,000. according to the Providence Journal .Think of the quality of life that a young family who has employment opportunities in the Boston Metro area and with higher incomes. They now have the ability to commute on a direct train daily and enjoy a quiet suburban setting like Warwick Neck" href="http://warwickneck.com/" target="_self">Warwick Neck .

 The most important step in getting acclimated to the new area is to talk with a local expert. A Realtor and Accredited Buyer’s Representative like Mark McHugh to help you find the perfect home in Rhode Island .  markm@slocumrealty.com   401-641-3842

Starting with some Fedreal links:

Short Sale Brochure

Short Sale FAQ Home Affordable Program

Rhode Island Short Sale News

There is more than enough to digest here. As always, the most important thing before attempting a short sale is: Talk to your attorney, tax advisor, realtor, and your lender to form a plane that will help you.

I have been fortunate to help buyers and sellers through the process of short sales. The only reason for the sucess of my clients is that a well informed team of professionals helped with the process from start to finish.

Call,text,  email Mark McHugh at 401-641-3842 markm@slocumrealty.com for all your real estate needs.

http://www.realtor.org/realtors/basics_short_sales?wt.mc_id=rd0041

• Navigating the Internet sites and choosing the best information and platforms for the consumer.
• Aid in constructing and reviewing offers. Assistance in qualifying buyers and verifying offers for sellers.
• Creating and studying the market analysis for buyers and sellers for an educated determination of value.
• Construction of sales agreements and time lines for due diligence.
• Guidance in home inspections, title attorneys, home owners insurance and closing details.
• Ethical treatment of all parties.

These are the tip of the iceberg when it comes to using a Realtor® to assist in buying or selling real estate in Rhode Island. It is important to make the distinctions well; not all realtors are Realtors®. Realtors® are part of The National Association of Realtors, and are held to the highest standards and practices of professional service providers. http://www.realtor.org/realtororg.nsf/pages/whoisarealtor 

I am one of them and proud to be a part of their organization. Have questions? Contact me, Mark McHugh, Realtor® from Slocum Realty, markm@slocumrealty.com

And as always, call, text, email Mark McHugh 401-641-3842, markm@slocumrealty.com , because there are no silly questions when it comes to buying your first home.

Click here for more details.  Feel free to email me with any questions or to set up an appointment to view the home.

Thanks!