According to the Rhode Island Association of Realtors, the median home price in the state for March 2023 was $395,000, up $10,000 from March 2022. The median price for a condominium in March 2023 was $319,950, an increase of $14,950 over a year earlier. Meanwhile, the...
Real Estate
How does Gen Z homeownership compare to older generations?
Gen Z is on track to owning more homes than Millennials and the Gen Xers. Thirty percent of Zoomers owned their own homes in 2022, compared to 27% of the Gen Xers and 28% of Millennials when they were 25. Millennials are behind older generations, with 62% of...
Is a fixer-upper right for you?
Whether you’re a first-time real estate investor or you want to get the best possible deal on a new home, the temptation to purchase a fixer-upper is more than many homebuyers can resist. While buying a fixer-upper is a great way for homebuyers in Rhode Island to save...
Buying a home with termite damage
Purchasing a home with termite damage can be daunting for potential Rhode Island homebuyers. Termites can cause significant damage to the structure of a home, and repairing that damage can be costly. However, purchasing a home with termite damage is possible if you...
Top tips for selling your house
When you're looking into selling your home in Rhode Island, there are a few tips that you should consider. Residential real estate has fluctuated rapidly over the last few years, and there are a number of reasons that you should ensure that you're in the know about...
Why Use a real estate agent when buying a home
While you can buy a home in Rhode Island without a real estate agent, there are many reasons to work with one. Using the seller's agent leads to problems because that agent has divided interests. Consider these reasons to use your agent when buying a home....
Preparing for your real estate closing
Purchasing a home can be an exciting process in Rhode Island. You’ve found a home that fits your budget and you and the seller have agreed upon a price. Now you have to set a closing date. This is the final step in taking possession of your new home. The information...
Real estate closing essentials in Rhode Island
While it might be tempting to take shortcuts wherever possible in the intricate process of closing a real estate deal, the cost may outweigh the benefits. It often pays off to have a thorough approach to a real estate closing in Rhode Island. Don't try to rush the...
Credit scores and mortgage applications
Finding the home you want in Rhode Island isn't necessarily easy. For many people, one of the biggest roadblocks to buying the home they want is their credit score. Banks use a person's credit score as one of the determining factors in whether or not to grant a...
Important legal considerations for home buyers in Rhode Island
The decision to purchase a new home may involve the greatest financial investment of your life. The purchase of a new home in Rhode Island may bring you contentment and peace of mind, but only if you carefully consider the complex legal requirements required during...