| What is up with the real estate market? Local Update!! |
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| Well, it is that time of the year again, the weather is finally getting nice and it looks like we are going to have a very busy season. |
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| There are a lot of good news, and as always, there are also some bad news. Some of the good news are that unemployment continues to drop, this should help the local economy in the recovery process. |
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| One of the good things of being a coastal state is the tourism industry, and as the prices of gas and traveling in general continue to increase, we will see more customers from affluent states like New York and Connecticut interested in this market, after all, water front property is still affordable in RI. |
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| At Newport Real Estate we are keeping a close eye in the market; specially the pre-foreclosure and foreclosure market. We have found that those looking for great deals, will find them in this segment. |
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| Click the links below to see the list of short sales and foreclosures available in Newport, Middletown and Portsmouth. If you are interested in a list of these types of properties in any other Rhode Island town or city, just give a call of fill out our inquiry form. |
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Real Estate Inquiry Form
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Short Sales - Middletown, Newport & Portsmouth
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Bank Owned Houses - Middletown, Newport & Portsmouth
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| REO's: These are properties that have been foreclosed, very good deals can be had in this segment of the market, however it is very competitive, often it requires to have cash readily available to close in short notice, and it also requires that the buyer knows what he is buying and what he would need to do to get these properties ready to rent or sell in the near future. Some investors buy this properties at a discount, if the properties need work or improvements, they do what is needed, then, they rent them and sell them at a profit. |
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Interested in Buying a REO?
call today
401-855-1335
or visit our website:
Buying REO's
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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, or visit our web site for more information.
RIRealEstateBuyers.com
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Take your real estate search to a new level, click the link below to get started
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Click Here for more information
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