| Rhode Island - Real Estate Investment opportunities - Short Sales, foreclosures (REO's) and local listings available. |
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| The local real estate market has continue to improve, it has become more stable and at Newport Real Estate we think is time to buy. |
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Investing in real estate is becoming more and more complex, with all the information available out there, stories of investors making quick money, and endless offers is difficult to know who to believe.
The truth is that there are incredible opportunities out there, and while not all opportunities are for everyone, it is important to know what the options are.
The local real estate market continues to be driven by investors who continue to acquire very good properties for good prices, usually below market value, but it has become harder to be able to buy these deals.
If you are an investor, it s very important to have a local agent working for you, someone who understands the local market, and more important someone who is knowledgeable of the different segments of market, such as foreclosures and short sales. |
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| Basically, there are three kinds of sellers; private seller, Banks; which could fall into different kinds, including private and institutional, and private seller that need to be approved by a third party, this last ones are usually know as short sellers. |
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| Our job consist of two different tasks; identify the properties and negotiate the best terms for all parties involved. |
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| We have found out that because the market is very competitive, the best place to find good deals is in the foreclosure market and the pre-foreclosure market. |
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| The foreclosure market is made up of those properties that have already been taken by the lien holder, the goal of the banks, after foreclosing on a property is to sell it as soon as possible, therefore, these properties are price very aggressively and normally, they usually sell under 30 days or less. |
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| The pre-foreclosure market, or short sales is usually the segment where the average buyer can get the better deals, it is almost the same as buying the property from the lien holder, the only difference is that has to be approved by what the banks called the Lost Mitigation Department; this process usually takes a long time, it could take up to 6 months, but it usually is worth the wait, the buyer ends up getting a good property for a good price, and the owners avoid foreclosure. |
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| I have prepared the following report as courtesy to you to help you get familiar with the short sales and REO listings available in Aquidneck Island. (Newport, Middletown and Portsmouth) |
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Middletown, Newport and Portsmouth - Available Short Sales
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Middletown, Newport and Portsmouth - Available REO's (Bank Owned Properties)
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| At Newport Real Estate we are looking for folks who need help, if you or anyone you know is having trouble affording their mortgage or facing foreclosure, there are options, and we can help. Call for a free consultation. |
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Take your real estate search to a new level, click the link below to get started
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