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

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

Short Sales in North Kingstown RI 02852 - North Kingstown Homes for Sale.  It is the day of spring short sale home 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 Kingstownshort 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 401-529-7849Short Sales in North Kingstown RI 02852 - North Kingstown Homes for Sale


Ginny Lacey Gorman lives in North Kingstown RI and knows the geographic areaschools, happenings, important tidbits of information and businesses well. If you are looking for someone to guide you through the short sale buying process, Ginny is a licensed Realtor® and would be happy to assist you.  Waterfront, oceanfront and coastal RI homes for sale are her specialty.  So feel free to search for  RI homes for sale it is free and no hassle.  When you are in need of more information from an internet savvy Realtor® who sells RI houses in this real estate marketjust call Ginny at 401.529.7849.

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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.


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Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

It sounds like your North Kingstown RI market is fairly stable Ginny.  It has to be encouraging to only have 4 homes currently in a short sale status. 

Mar 20, 2011 12:23 AM #1
San Antonio Texas New Homes for Sale - San Antonio, TX
Berkshire Hathaway HomeServices Hill Country

Ginny ...Some great information !!!     And you have a varied choice of home price to chose from !!

Mar 20, 2011 12:24 AM #2
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Great summary and glad to hear there aren't too many short sales in your area.  That bodes well for the rest of the market.

Mar 20, 2011 12:27 AM #3
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

There are usually some great opportunities with short sales as long as the buyer is willing to wait a little longer to close!

Mar 20, 2011 12:45 AM #4
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond
ANita, this is true...i wonder how many more are just holding on though....thanks............................ Robert, good morning... we all hope the spring market bodes well for us.......................................... Debbie, we are very fortunate that the short sales are snapped up quickly when priced right...some take much longer but there is hope with them now........................................................ Bill, it is so true & I have finally convinced some of my buyers that can wait that the neighborhoods they want to buy in will have these opportunities...thanks
Mar 20, 2011 12:51 AM #5
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good information on those interested in short sales. Buyers need to be very selective when considering short sale offerings since many never reach settlement. The best protection for most is an experienced buyer agent.

 Life is better when there are flowers to photograph!

Mar 20, 2011 01:21 AM #6
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 Roy ...yes, as well as  a great team for negotiating & lawyers makes the difference most times. 

Mar 20, 2011 04:25 AM #7
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ginny, these can be good deals sometimes, especially if they close!     This is a good idea to post these!

Mar 20, 2011 05:12 AM #8
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond
Joan, we don't have enough of an inventory right now & with HAFA the seller can start the short sale prior to getting an offer. best to you!
Mar 20, 2011 09:13 AM #9
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Ginny Gorman

Homes for Sale in Southern RI and beyond
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