Short Sales in North Kingstown RI 02852 - North Kingstown Homes for Sale

Short Sales in North Kingstown RI 02852 - North Kingstown Homes for Sale.  It is the day of spring equinox and along with the blooms of spring come the increase of homes on the market as well as short sales.  With approximately 10,000 households in North Kingstown, short sales remain in the minority in houses on the market as compared to other RI cities like Warwick, Cranston or Providence, RI.

A North Kingstown ‘short sale’ or being ‘under water’ on your home in real estate refers to the ‘shortage’ of monies the lender, mortgage holder, will be shorted when the home is sold because the market value of the home has fallen below the amount the homeowner owes on it.  The home is now worth substantially less than the homeowner paid for the home.  Due to a hardship such as loss of job, divorce, medical problems, the homeowner needs to sell the home and can no longer afford to pay the mortgage.  As I have shared before in past posts, a short sale truly begins when an offer on a home for sale is received at less than the mortgage owed on the home and then presented by the seller's listing agent to the lender.  There is a process to follow in order to make it to the closing table in a reasonable amount of time, so ensure you work with a North Kingstown short sale Realtor® who knows how to do short sales.

With 162 North Kingstown homes for sale and a positive move in housing numbers, North Kingstown short sales present a way to buy a home that is priced to sell (if the short sale realtor has done their job and priced it at a market sales price).  Depending upon the lender, some short sales can close within 6 weeks to two months or less if the offer is a cash offer while others can take up to 3 months.   If you are interested in searching for North Kingstown homes for sale, short sale or otherwise, now is the time to do it with interest rates low.

There are 4 homes in North Kingstown RI for sale in short sale status as follow:

1) 86 Olde Mill Lane, mls # 967963, a 12 room colonial with 3300 sq. ft. of living space for $375,000 (292 days on market).

2) 6 Highbank Avenue, mls#982667, a 6  room ranch with 704 sq.ft. of living space for $199,000 (71 days on market).

3) 6 Malcom Road, mls# 986295, a 9 room split level with 1918 sq.ft. of living space for $289,900 ( 10 days on market).

4) 62 Highbank Avenue, mls# 986929, a 4 room cottage with 669 sq.ft. of living space for $148,900 (3 days on market).

These North Kingstown short sale homes offer buyers a chance to own a home in specific neighborhoods you want to live in at good prices.  If you have an interest in North Kingstown short sales or other North Kingstown RI homes for sale, please give me, Ginny, a call today, your North Kingstown Realtor, at 401-529-7849.  Short Sales in North Kingstown RI 02852 - North Kingstown Homes for Sale.