18. April 2012 07:49
Read the full version to get market stats, event calendar and tips on getting ready to sell your home!
23. January 2012 09:22
On January 19, the RI Association of Realtors issued a press release that single family homes sold in December (2011) increased 19% from a year ago. This was the 6th consecutive month of year over year increases! Pending sales (homes that are under contract but not yet closed), rose 17% from the year before.
Incredibly low interest rates, increased affordability and buyer demand are all given as reasons for the increase.
Having lived through the endless consumer retail sales reports of the "holidays", beginning on Black Friday and ending just before the new year, I think the "attitude" of the public is more upbeat, more hopeful, and more willing to spend than in years past.
So much of what we each do is motivated by how we "feel" and then what we say to each other in conversation about our "feelings"........ so I rejoice in this upbeat January 19 report.
Spread the word. There is good real estate news. Let's keep it going.
18. January 2012 07:58
Choosing paint colors for your home may seem overwhelming. When we Googled “colors for your home”, we found a wide variety of information on the topic, so check it out. We found an interesting take regarding paint and it's effects on mood, so here is some information we gathered from the pros.
Color affects people in different ways. It can affect one’s energy level, temperament and even appetite. Before you paint a room, think about what mood you would like the room to evoke and go with colors that tend to create that mood.
Warm Colors (Red, Orange, Yellow)
Warm colors invoke images of heat. Red is often associated with energy. It has been shown to speed respiration and heart rate. Red is a good choice for a dining room, where it can stimulate conversation. In an entryway, it can make a strong first impression. Orange is a color of excitement. This is a great color for an exercise room. Yellow indicates happiness and cheer. This is a welcoming color and is good for kitchens, halls or small spaces where it can make the room feel larger. But be careful as you can have too much of it and actually create negative feelings. It is the most fatiguing color on the eyes. Pair yellow walls with a white ceiling and moldings.
Cool Colors (Blue, Green, Purple)
Cool colors tend to create a tranquil, serene mood. Blue has been found to slow respiration and bring down heart rate. It is a calming color, good for bathrooms and bedrooms, or large rooms where people gather. Be careful as blue can come across as too chilly (some pastels) or depressing (some dark shades). Green is the most restful color on the eye. It is a good choice for just about any room. Purple indicates creativity or luxury. It's a great accent color.
Neutrals (White, Brown, Gray)
Neutrals have great flexibility. They are good foundations for any room, especially for rooms that showcase detailing in accessories and furniture. Neutrals are also a useful complement to some bolder wall colors so they don’t seem too extreme or overpowering.
Information gathered from http://freshome.com/2007/04/17/room-color-and-how-it-affects-your-mood/
15. June 2011 08:39
Our newsletter is out! Let us know if there are any topics that you would like to see covered in future issues. If you would like to receive a full copy, please send an email to email@example.com.
2. June 2011 08:52
There are so many things to consider when purchasing a home and the list can be daunting if you are new to the process. This is one of the most significant investments in your life and you want to approach it armed with as much knowledge as possible. This is where Rhode Island Housing can help you. This is an organization created to make it easier for people to make Rhode Island their home. They provide low-interest loans, grants, education, advocacy and consumer counseling so you don't have to go it alone.
For those who already own a home, there is a wealth of information to help people maintain or improve their homes. They are also a resource for those who may need help keeping their home.
If you are thinking of buying your first home, you can learn everything you need to know at a free Homebuyer Education class. They run from 6:30-9:30PM and are offered at locations around the state. The Rhode Island Housing newsletter published the following dates for the classes:
June 8 Smithfield
June 13 Providence
June 21 Warwick
June 27 Middletown
Contact Tammy Fisher at 401.457.1245 or firstname.lastname@example.org to register.
Visit their website at www.rhodeislandhousing.org.
5. May 2011 08:26
As a full time real estate broker and part owner of Island Realty in Jamestown, RI, I am very active and visible in my community. I usually begin my day with a visit to Jamestown Fitness. With just a cup of coffee under my belt at 7 AM, I crawl over to the treadmill. I estimate that the day will begin and end with the same questions: “Hi Carol, how’s the real estate market? Good? Bad? Slow? Crazy? How are prices? What’s the village home on the market for? What did that waterfront home sell for? Here’s the good news. People recognize me without any make-up on with a red pony tail sticking straight up in the air…and they think of real estate when they see me! And the day goes on with visits to McQuades, East Ferry Deli, Bakers, Slice of Heaven, Bill Del Nero, the Trat….the list goes on.
My answers are based on what I do, every day. I sell and list real estate primarily in my hometown of Jamestown. The market is all of the above! How’s that for a clear answer? I can usually answer the value questions as well! Aren’t I something?
So here’s the real scoop…There is healthy inventory on this small island, with houses for sale in the mid $200,000 range all the way up to 9 million. As of today, almost 100 properties total!
Prices are down from the “good old days” of 2006 and 2007. Houses are selling but the competition is stiff and buyers are very knowledgeable of what the market looks like right now. My advice is that if you are a Seller or are thinking of selling, get ready to negotiate. Your home should be staged and in tip top shape. The biggest mistake a Seller can make right now is to “test the market”. You will not pass the test! An overpriced property will sit and not sell. A perfectly priced property will sell quickly, especially if there is no deferred maintenance. Keep in mind, statistically buyers are looking on the internet for approximately six months before even getting in the car to look at real estate. They have access to what is listed, what has sold, and what has been on the market “forever”!!
My advice to Buyers is to see a banker or mortgage broker prior to viewing homes and making offers. Having that piece of paper puts you in a much better position to negotiate on your behalf. It is a “Buyers Market” at the present time. When and if you are involved in a multiple offer situation (and they are happening on perfectly priced homes), keep your offer as “clean” as possible with few contingencies. You are likely to have an offer accepted if you can forego a mortgage contingency or inspections, but ONLY if you are in the right position to do so. Don’t take chances you can’t afford. Also, for those of you that have been waiting to finally afford something here, the time is right. If you are a first time homebuyer, there are many programs available such as FHA and R.I. Housing. For the first time in a long time, these programs can help you afford a home in Jamestown!
I close with many thanks for being able to work and live in such a great town and always welcome questions and chatter about real estate. I invite you to stop in our office and meet our wonderful team.
<p><a href="http://www.freedigitalphotos.net/images/view_photog.php?photogid=721">Image: renjith krishnan / FreeDigitalPhotos.net</a></p>
15. April 2011 11:41
As is almost always the case when selling a home, if you can’t get them in to see it you can’t sell it to them.
The ability to entice and attract potential buyers to a house has to do with three main factors; location, price and Curb Appeal. In my opinion curb appeal is at the top of the list. I have actually had clients request to see a house either out of their price range or in a location other than where they thought they wanted to live, because of its curb appeal.
Most buyers cannot visualize changes, and often won't look at a house if the initial look doesn't appeal to them. Home buyers who can visualize changes, and are prepared to make them, expect you to reduce the price of the house to compensate for the work they plan to do.
Here are several very inexpensive and simple things a Seller can do to create a curb appeal that will make a great first impression.
- Paint the trim and front door to brighten them up
- Add window boxes
- Create new planting beds and an accent garden on either side of the walkway, driveway, front steps or front door to frame the entry
- Change out lighting fixtures
- Replace all hardware with new updated hardware
- Add shutters
- Add accent trim or detailing around doors and windows to make them pop
- Add arbors, pergolas or fencing
- Replace gutters and downspouts
- Create a walkway
- Install landscape lighting
- Remove or trim over-grown shrubs
- Fix or replace broken items around the exterior of the house
- Remove weeds from garden beds and within the cracks of walkways and driveways
- Pressure wash the exterior of house
Most of these ideas can be accomplished in a very short time. Here is a great example of seller improvements:
17. March 2011 10:47
Spring is rearing it's beautiful, sunny head here in Jamestown. We have been lucky to enjoy some refreshing weather this week, signifying the light at the end of winter's tunnel. It's open house season and what a start! Island Realty held 3 open houses this past Sunday with around 50 people showing up to take a look. Get ready for more to come. Check the Jamestown Press every week for updates.
Springing forward even further, mark your calendars for the start of the summer season at Mackerel Cove on June 11. For those of you that don't know, this is Jamestown's gem of a beach. It is a fantastic place to spend the summer days. It is staffed with lifeguards, has public bathrooms, great sand, calm waters and quite possibly the most enticing part...The Del's truck is parked there most days!
Here's a little teaser photo for what's to come!
17. March 2011 09:45
If you are looking to buy, sell, or rent property in and around Conanicut Island, you’ve come to the right place.
Island Realty is the longest established real estate firm in Jamestown, RI.
At Island, we like the idea of doing one thing, and doing it consistently, and better, than anyone else. For our company, that thing is facilitating the purchase, sale and rental of (primarily) Conanicut Island properties.
We’ve been doing just that for the past 25 years. As agents and brokers, we work in Jamestown, we play in Jamestown, we live in Jamestown. Every one of us at Island Realty is a Jamestown based, full time real estate professional.
For the past ten years, under the ownership of Carol Hopkins and Ginny Prichett, the Island team has sold over $300,000,000 of real estate, right here.
We are unified in our commitment to service, and in operating at the highest professional standard. We contribute to the community. We play as a team. If you’re in town, feel free to stop in to our office at 4 Ferry Wharf - we’re here seven days a week. Yachtsmen, take advantage of our sail in service – we’ll pick you up right at the dock. We are always available and happy to show you around.
When it comes to real estate, nobody knows Conanicut Island, like Island.