New World Realty



Posted by New World Realty on 1/22/2020


1112 Main Street, West Warwick, RI 02893

Multi-Family

$175,000
Price

2
Units
1,686
Approx. GLA
Great investment opportunity in West Warwick. This 2 unit building features one studio apartment on the first floor, and a one bedroom apartment on the second floor, both with one full bathroom. Plenty of parking for tenants. Newer forced air heating system throughout the building, as well as newer roof. Both units are currently rented.
Open House
No scheduled Open Houses






Categories: Price Change  


Posted by New World Realty on 1/21/2020


40 Saint Mary St, West Warwick, RI 02893

Commercial

$150,000
Price

1
Buildings
Commercial
Type of Comm.
3,197.00
Lot Size
Seller financing available. Great Free standing building in the Arctic Redevelopment District of West Warwick. Perfect opportunity to build your own space without paying rent. Space currently is used as half office space and half garage space/storage. This building has a garage door which can be removed with garage space finished. Building on corner lot with a visible intersection.
Open House
No scheduled Open Houses






Categories: New Homes  


Posted by New World Realty on 1/19/2020

Image by Amy Hirschi from Unsplash

Situations arise where prospective buyers find themselves in a bidding war with another buyer over the house they desire. Circumstances like this occur in a sellerís market where the demand for property is higher than the market can provide. Itís not uncommon to see multiple buyers vying over the same property in a sellerís market. In these cases, buyers often attempt to best their competitors by submitting ever-increasing offers. To help you win a bidding war, you need to stand out from other buyers. Consider the following methods that may boost your chances of securing the home you desire. 

Up your offer

In a bidding war, the person with the highest bid ends up with the home. If you want to increase your chances of becoming the owner of a house when you have competitors, offer more money for the home. You do not have to go overboard when increasing your offer; a few hundred dollars more may make a difference. In this case, follow the guidance of an agent experienced in negotiating bidding war situations.

Be ready to show your pre-approval

To give yourself a winning edge during a bidding war, show the seller you are a serious buyer and that you are prepared to see the transaction through to the end. Sellers pay more attention to buyers that come prepared and ready to finalize the contract. A pre-approval letter from your lender can give you that edge.

Waive your contingencies

A contingency is asking the seller to make a concession on your behalf. Examples include closing delay contingencies based on your current home selling or your receiving proceeds from probate of a will. Other contingencies might be asking the seller to repair a roof or broken window before the close of the agreement. If you decide to waive your contingencies during a bidding war, it speaks volumes to the seller of how badly you wish to proceed with the transaction. You want to be careful though when waiving contingencies so that you do not end up in a situation where you lose your earnest money Ė be sure itís a risk worth taking. 

Pay in cash

Offering to make payments for the house in cash gives you a chance over other competitors. Itís not an option everyone can afford, but if you can pay cash rather than getting financing, put the offer on the table. If you are offering to pay cash for a property you are in a bidding war to purchase, it eliminates third parties, reduces closing time, and makes the seller understand that you are serious. 

Include an escalation clause

An escalation clause is an addendum included in your offer telling the buyer that you are willing to increase your purchase offer by a certain amount if another buyer is matching your offer. An escalation clause comes in handy when you are trying to win a closely fought bidding war. 

To win a bidding war over a home you like, you must be strategic and ready to go the extra mile. Make sure your real estate agent knows your maximum budget to negotiate for you appropriately.





Posted by New World Realty on 1/16/2020

This Condo in Attleboro, MA recently sold for $295,000. This Townhouse style home was sold by - New World Realty.


71-1 Burgess Street, Attleboro, MA 02703

Condo

$299,900
Price
$295,000
Sale Price

5
Rooms
3
Beds
2/1
Full/Half Baths
**Finished Unit** This is your chance to own a brand new construction condo unit located in Attleboro. Features 3 bedrooms, 2 1/2 bathrooms, and an open floor plan design for the first floor. From the front porch, you will enter the main floor with living room area open to the oversized eat-in kitchen, with hardwood flooring throughout. Kitchen comes equipped with range/oven, hood vent, microwave, and dishwasher. Laundry hookups also on the first floor, just outside of the 1/2 bathroom. Retreat to your master suite on the second floor, with walk-in closet and private full bathroom. Two additional bedrooms, along with a second full bathroom, is also found on the second floor. Plenty of storage space in the full unfinished basement. This is a great opportunity for townhouse style living, without the pricey condo fees. Less than 1 mile from the South Attleboro Train Station, as well as I-95, an ideal location for commuters to both Boston and Prov. No FHA.

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Tags: Real estate   Condo   02703   Attleboro  
Categories: Sold Homes  


Posted by New World Realty on 1/12/2020

As a first-time home seller, it can be tough to establish a competitive price for your residence. And if you set a price that is too high or too low, you risk alienating potential homebuyers or missing out on an opportunity to maximize the value of your house.

Ultimately, there's a lot to think about as you determine the price for your residence. Lucky for you, we're here to help you take the guesswork out of pricing your home, regardless of the current housing market's conditions.

Let's take a look at three tips to help first-time home sellers set a competitive price for a residence.

1. Study the Real Estate Market

How does your residence stack up against similar houses that are currently available in your city or town? Study the real estate market, and you can find out how your residence compares to the competition.

Evaluate the prices of currently available houses in your city or town. With this housing market data in hand, you can learn how your home ranks against the competition and establish a price range for houses that are similar to your own.

Also, examine the prices of recently sold houses in your area. By doing so, you can find out whether you're about to enter a seller's market or a buyer's market and map out your home selling journey accordingly.

2. Perform a Home Appraisal

A home appraisal can make a world of difference, particularly for a first-time home seller who is uncertain about how to upgrade a residence.

During a home appraisal, a property inspector will examine a home's interior and exterior. After the appraisal is finished, this inspector will provide a home seller with a report that outlines his or her findings.

Take the results of a home appraisal seriously Ė you'll be glad you did. The appraisal enables a home seller to learn about a home's strengths and weaknesses, and as a result, discover the best ways to transform assorted weaknesses into strengths. Then, a home seller can perform myriad home upgrades and may be better equipped than ever before to optimize the value of a house.

3. Consult with a Real Estate Agent

A real estate agent analyzes housing market patterns and trends closely and is happy to share home selling insights at any time. Thus, this housing market professional can help a home seller establish a competitive price for a home from the get-go.

Moreover, a real estate agent will promote a home to the right groups of homebuyers and work with a home seller at each stage of the property selling journey. He or she will even negotiate with homebuyers on a seller's behalf to increase the likelihood that a seller can get the best price for a residence.

When it comes to selling a home for the first time, there is no need to leave anything to chance. Use the aforementioned tips, and a first-time home seller can set a competitive price for a house and increase his or her chances of a quick home sale.




Categories: Uncategorized