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Home Selling in Newport County : Real Estate Advice

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  • Home Buying1
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Activity 13
Fri Jun 23, 2017
Kathy Burgreen answered:
Listings have to be "Off Market" for 30 days or longer in order to be reset or refreshed.
0 votes 1 answer Share Flag
Thu Mar 31, 2016
Linda Hussey asked:
What paperwork do I need and where can I get it? who do I turn paperwork in to,do I have to have a closing,and do I need a lawyer
0 votes 0 Answers Share Flag
Wed Dec 9, 2015
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed; if and when you do list with a broker, ask your agent to post the listing, or consider any flat fee realty company that feeds into the site.... ... more
0 votes 2 answers Share Flag
Mon Nov 4, 2013
Debra (Debbie) Rose answered:
You're in great shape - be thrilled your home appraised out higher than the town's assessment!
This is GOOD for you.

I understand that consumers often confuse the terms "appraisal and assessment". They also confuse those terms along with "market value".

Assessment is the number set by the town for the purpose of taxing the home - ie: property taxes.
It consists of the value placed on the land PLUS the building, which gives the total assessment.

The appraisal is created by an appraiser who is paid to give his professional opinion as to the VALUE of the home. When applying for a mortgage, an appraiser will visit the home and be asked to fill out a form (Broker Price Opinion = BPO) showing what he thinks the house is "worth" based on comparable sales in the area..

These 2 valuations may or may NOT be similar.

The "market value" of a home is what a buyer is willing to pay for it.

You hope, when selling your home, that the buyer's opinion... and the appraiser's opinion both match up!

Using the numbers above..........you'd have a problem if you had a sales contract on the house for 260,000 but it only appraised out at 208,000!
... more
1 vote 5 answers Share Flag
Fri Oct 11, 2013
Bob Bailey answered:
Thank you for questions on Jamestown market. For the 1st 3 quarters, Jamestown has seen an increase in the number of sales by nearly 50%, currently at 63 year to date. The median average home price has increased by 4-5%. Homes close to the village are in strong demand by second home buyers, and those folks looking to downsize and be within walking distance to shops, and restaurants. Preparing your house for the market can be very beneficial. Todays buyers want turn key, or those that do not need immediate work. Time to refreshen up the paint, update the baths, and kitchen. Hope 4th quarter is strong as well ! Bob Bailey, Lila Delman Real Estate ... more
0 votes 4 answers Share Flag
Wed Feb 6, 2013
Jeff Holloway answered:
Overpricing your home is the 1st and costliest mistake one can make. All others pale in comparision.
0 votes 2 answers Share Flag
Tue Apr 24, 2012
Chad Kritzas answered:
$445,000 on Dec 12th, 2011 according to RI MLS
0 votes 5 answers Share Flag
Wed Mar 28, 2012
Christopher Cox answered:
Hi Stephen,

For the year ending Dec. 31, 2011 the average days on market for Tiverton was 195. This was up drastically from 2010 of 169 and way above the state average of 96. But keep in mind only 106 single family properties sold in the entire year of 2011 in Tiverton.

Best of luck, let me know if you are in need of any more assistance.

Chris
... more
0 votes 1 answer Share Flag
Mon Dec 26, 2011
Jeff Holloway answered:
Contact 3 different agents in the area and ask them what the value is and WHY. Also, give them a time line on when you want to have it sold.
0 votes 2 answers Share Flag
Wed Jan 20, 2010
Ben Faubert answered:
You can but.....believe it or not if you find the right agent he/she will price your house correctly and will be working 24/7 .
0 votes 6 answers Share Flag
Sun Nov 9, 2008
Bill Eckler answered:
Kathleen,

The best source for this information is an agent from the New Port area. Try contacting one today.
0 votes 1 answer Share Flag
Thu Feb 14, 2008
Craig answered:
My dad just had a similar problem - here is what happened.

He gave a mortgage through his attorney - the attorney also is a client of a certain title company and therefore had his own forms with the title company letterhead (and title policy numbers!). He provided my dad with the policy and later on my dad found out that he never sent it to the title company! In other words, he goofed! Low and behold, the title was not clear and now neither the attorney nor the title company will make good on it! Sure, he could sue....but that takes a lot of time and money.
Buyer beware. Don't gloss over real estate documents. Double check everything.
... more
0 votes 4 answers Share Flag
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