Are we entering the Bottom Real Estate Market in South County RI towns? We keep hearing that the 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.
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.
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Ginny Lacey Gorman knows North Kingstown RI as well as all of South County RI - the geographic area, schools, local happenings, important tidbits of information and businesses well. If 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
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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