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Entry at a Bottom Real Estate Market in South County RI

By
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

Are we entering the Bottom Real Estate Market in South County RI towns?  We keep hearing that thehome market has bottomed and it has gone down 30% in the last five years...but the truth sayers are saying it's really there and how can you not take advantage of this real estate market in South County RI right now? Financing has never been this attractive to qualified buyers as well as the unbelievable home prices in South Country RI towns.

There are a number of South County RI areas such as: North Kingstown, South Kingstown, Charlestown, Narragansett and Jamestown RI and for sale properties that qualify for USDA loans (the old Farmers Home Loan).  This USDA Loan program allows you to obtain 100% financing of your loan amount when you buy a home in a USDA area.  Yes, you understand this right that even in higher cost communities such as South Kingstown, Charlestown and North Kingstown homes for sale may qualify for 100% financing.  As a seller, talk to a Realtor who is knowledgeable in USDA loans and funding so as your real estate agent they can attract and market to more buyers.  As a buyer, ensure you work with a Realtor who understands where the USDA locations are within these South County RI towns in order for you to find the best deals along with great financing alternatives.

home How do you as a buyer benefit additionally?  Well you use the money you would put down on a down payment to improve the property (update the kitchen, put in hardwood floors, make energy efficient improvements,etc.)...or obtain a 203K loan (rehab the property with loan dollars)... or save the dollars you would have put down as a down payment as a 'money cushion' for unexpected home maintenance items that may occur on the home you buy.

There are amazing home buys in South County RI right now...so look hard! If you like the South County RI area please give me a call, it is my stomping ground and I can share my knowledge and expertise with you.  Entry to a home market is always better at the bottom of the market especially in South County RI.


View South County RI in a larger map

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Ginny Lacey Gorman knows North Kingstown RI as well as all of South County RI - the geographic areaschools, local happenings, important tidbits of information and businesses wellIf you are looking for someone to guide you through the home buying or selling process, Ginny is a licensed Realtor® and would be happy to assist you. Waterfront, oceanfront and coastal RI homes for sale are her specialty but all of RI is her backyard.  So feel free to search for  RI homes for sale.  When you are in need of more information from an internet savvy Realtor®who sells RI houses in this real estate market,  call Ginny at 401.529.7849.

Ginny L. Gorman a purveyor of Fine RI Real Estate

Specializing in waterfront, water view, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich, Westerly RI and beyond ...  I sell dreams!  because there is no place like home

             This blog © and its contents is original to Ginny Lacey Gorman 

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cell: 401.529.7849   office: 401.884.4100 ext.268

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Ginny L. Gorman, Realtor        Phillips Post Road Realty  North Kingstown, RI   

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

Looking for a knowledgeable Rhode Island Real Estate Agent?  Let me GOOGLE one for you!

            

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cell: 401.529.7849      Ginny Lacey Gorman, Realtor

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Comments (12)

Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I bet these homes are selling fast. Homes under $200K represent 74% of my local market.

Mar 08, 2010 11:07 PM
Jason Rose
123 ConEd LLC -- Michigan real estate continuing education - Farmington Hills, MI
www.123ConEd.com

Welcome to ActiveRain, Ginny, and congratulations on your first post! This is a great website that's full of interesting and insightful information. Have fun and enjoy!

Jason

Mar 09, 2010 05:54 AM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Welcome to ActiveRain, and congratulations on your first blog!

Be sure to check out the Active Rain for Newbies group @ http://activerain.com/groups/newbies

It's full of good advice, and information on how to get the most out of AR.

Mar 09, 2010 07:30 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Ginny,

Welcome to Active Rain and congratulations on your first post! The opportunities to learn and network are incredible here.  Best of luck to you!

-Keith

Mar 09, 2010 03:46 PM
David Northup
David Northup - Aim RE Group Inc, Temecula Realtors® (AIM) - Murrieta, CA

Hello Ginny!

Congrats on your first post and welcome to the Rain!

In addition to the group (http://activerain.com/groups/newbies) mentioned by Ron, take a minute to check out this post Top 10 ActiveRain Tools for NEW MEMBERS and RainMakers. They should help get you on your way.

To get the most out of your AR experience remeber the following:

  • To accumulate points on AR your post must be 50 words or more
  • "Long Tail keywords" & Tags will get you more "Google juice"
  • Be sure to post to appropriate channels, categories, groups, etc.
  • Have Fun!!

All the best.

-David

Mar 10, 2010 01:21 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Thanks all of you...i need to join the newbie group!

Mar 25, 2010 07:32 AM
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Hey girl.  Was just checking out the first posts of some of aves here on AR.  Nice job for a first post.  You know this and several others at the beginning are Members only(as we were not rainmakerss).  Now that you are, you can go back and make some public for more google juice.

Dec 19, 2010 08:46 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Deb, thanks so much!!

Dec 19, 2010 10:15 PM
Melissa Polce
ERA, Wilkinson Real Estate Charlotte - Huntersville, NC
Lake to Land, I've Got It Covered!

GREAT ARTICLE gINNY, HUSBAND IS FROM pROVIDENCE AND WE FOLLOW THE MARKET FROM HERE...NOW...CAN YOU PLEASE SEND SOME GOODIES FROM FEDERAL HILL PLEASE!!! HAVE A GOOD ONE!

Jan 17, 2011 05:29 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Melissa, how good of a NC person to stop by...i haven't been to the 'hill' in awhile but was planning on going to confab with some ARers...what would you like?  it's tough to ship the italian food!

Jan 17, 2011 05:31 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, if buyers are still not jumping off the fence, prices AND interest rates will increase, and will decrease their buying power!

Jan 17, 2011 09:30 AM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

First post? Did I miss something?

Jan 17, 2011 12:45 PM