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Home Buying in Woonsocket : Real Estate Advice

  • All29
  • Local Info3
  • Home Buying13
  • Home Selling0
  • Market Conditions1

Activity 15
Wed Apr 29, 2015
Denis Belleville answered:
Wed Sep 3, 2014
zarnn answered:
THERE WILL BE A " LIS PENDENS " FILED IN WOONSOCKET CITY HALL PRIOR TO ANY AUCTION OF 217 NORMAN STREET, WOONSOCKET, RHODE ISLAND.
1 vote 5 answers Share Flag
Thu Mar 6, 2014
John Repoza answered:
You should sit down with a local lender and go over your situation. FHA and conventional mortgage
allow for certain late payments with a valid reason that can be documented.
0 votes 2 answers Share Flag
Sat Feb 1, 2014
Sonia Gervazio answered:
Hi Steve, While location is the most important aspect, there are many factors to take in consideration when determining the value of a property. An agent must visit your home in order to provide you with accurate data. Now, if you are not ready and just want to have an idea, the agent still going to need basic data from inside your home. ... more
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Fri Jan 31, 2014
Sonia Gervazio answered:
Years ago I had a short sale contract with Bank of America for one year. Buyer loved the house; he waited and is currently happy at home. Now, while every file is treated as case by case basis; it is possible for a short sale to close within 45 days. The reason why that's happening is because the short sale process has improved significantly. They are much more efficient at collecting data and most importantly, -for the most part- they start the short sale process prior to putting the house on the market. If you are going to deal with a short sale, you will be better off working with an agent that specializes in short sales and distressed properties. Look for the SFR and CDPE certifications:
CDPE, Certified Distressed Property Expert
A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners.
SFR, Short Sales & Foreclosure Resource (SFR)
REALTORS® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities. The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk.
... more
0 votes 4 answers Share Flag
Mon Dec 23, 2013
DiSpirito Team answered:
You might want to contact a mortgage professional. Sometimes if you pay off bad debt, it will adversely effect your credit. i.e. if you had a credit card that was delinquent for 3 years and you paid it off or settled on it today your score could actually look lower now. The credit system is very fragile. If you need some mortgage professionals to consult with, I can suggest 3 to you. Best of luck and Happy New Year! ... more
0 votes 2 answers Share Flag
Mon Oct 14, 2013
answered:
Krista,

Congratulations on your possible relocation to Rhode Island.

When and if the need arises, I would be happy to assist you with your financing needs before you start working with any of the qualified realtors who have joined this discussion.

Feel free to reach out to me at your convenience. I am available to help.

Lynda
... more
0 votes 7 answers Share Flag
Sun Jun 9, 2013
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
... more
0 votes 3 answers Share Flag
Tue Feb 5, 2013
Sandy Deignan answered:
Hi Christine
It looks as though this house has gone into forclosure and is NOT currently on the market. When it will come back on the market is anyones guess. But, I can keep an eye out for it and contact you when it does come back. If you are in the market for a new home I would be glad to help you, just send me an email, text me or call me. sandydrealtor@aol.com or 401-585-5791.
Thanks Sandy
... more
0 votes 2 answers Share Flag
Fri Jul 23, 2010
Matthew Heisler answered:
Hello-

It all depends on what its future value could be. Let's take two examples.
First Example: House Price: 300K. Work Needed: 150K. Top value for home: $400K.
Second Example: House price: 400K. Work Needed: 200K. Top value for home: $700K.

Only one of these homes makes sense to purchase financially. But to figure out where your home fits, you need some help. Find someone who can "fill in" the "work needed cost" and the "top value for the home" boxes, and you'll be able to make a sound decision. A knowledgeable Realtor should be able to do this easily.

Matt
... more
0 votes 1 answer Share Flag
Thu Jul 22, 2010
Angela Dolber answered:
Hi Lor,

I will say that condition is in the eye of the beholder these days when buying/selling a home. This home is on an acre of land, which might contribute a little to the higher price, plus with over 3000sf and a finished basement to make it 4000sf will account for putting it higher on the market as well.

I would suggest looking at the homes that have sold in the area for the past 6 months, that are comparable in size and lot to this one, which is what an appraiser would do when valuing homes once a buyer puts in their offer on a home. If you are not working with a realtor, I'd be happy to assist you with this information and can also show you any homes on the market, at no risk or cost to you unless you would like to work with me as your realtor.

I would recommend driving by the property and taking a look inside the home as well - sometimes pictures can be deceiving! Get a sense of what you think it is worth and if any of your updates would truly enhance it's value if you were to re-sell it in the future.
If you have any other questions or would like to see more homes in the Woonsocket area, I am licensed in RI and MA (if you want to check out southern MA just over the border of Woonsocket). Take care and I wish you well on your search!

Angela Dolber
Prudential Prime Properties
508-826-8553
angela@pruprimehomes.com
... more
0 votes 2 answers Share Flag
Wed Sep 16, 2009
d a answered:
I am a very seasoned agent in that area and have done quite a bit of business there. I am an ABR (Accredited Buyer Representative) If you would like, I could work for you and get you exactly what you are looking for. email me at donnamandrews@att.net or call 401-440-5338 and we can talk about specifics. You will not be let down, I can assure you of that. Hope to talk to you soon,

Donna Andrews
... more
0 votes 2 answers Share Flag
Mon Feb 23, 2009
Jason answered:
These are ball-park figures...for a 1700 sqf Cape ...heating at 70 degrees 230 a month, elec 45 in winter 100 summer, water 1-4 people 90- 200 a year, sewer same people 450 a year. i am a landlord in woonsocket and own single there also. This is how i came up with these figure;s . Hope it help's.
Jay
... more
0 votes 3 answers Share Flag
Mon Nov 24, 2008
NonRealtor answered:
Be patient. Rents will go down along with home prices. An investor who buys at a discount, is able to rent cheaper than an investor who bought at bubble prices. I don't see any shortage of rentals. The simple fact that there is too much inventory, sends all prices down--rentals and homes. Be careful where you choose to rent--many landlords are headed to foreclosure. Good Luck ... more
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