Lincoln Rhode Island Real Estate News & Listings Presented By Keller Williams Realty

Sunny & updated colonial in the heart of Arnold Mills

Fri, 03 Feb 2012 00:04:09 GMT

Beautifully maintained & updated home in the heart of Arnold Mills w/ 4 beds, 2 1/2 baths, Master has brand new bathroom & roomy walk-in closet. Invisible fence dog system, granite counters, central vac. Come and see this professionally staged home.

4 Barway Lane, Cumberland 02864

Tue, 31 Jan 2012 22:01:17 GMT

Wonderfully cared for & updated 3 bed, 2 full bath Ranch. The home sits on a quiet street. It has a great stone patio in backyard perfect for the war weather. Lots of updates include a new roof 2011, new circuit breakers 2010 and a new heating system 2007. It has surround sound in the living room and a 600 sq ft finished lower level currently being used as a family room and an office. It has new carpet & recessed lighting in the lower-level

Sunny and Clean Townhouse in Northern Cumberland!!

Tue, 10 Jan 2012 22:48:18 GMT

This unit is in Absolutely MOVE-IN Condition! Wonderfully cared for and recently renovated with granite countertops, new flooring and a whole lot more. Great walk-in closet in the master plus double vanity. Enclosed porch on 1st and 2nd floor!

755 Westminster #302, Providence 02903

Fri, 06 Jan 2012 05:10:54 GMT

Roomy Colonial in Riverside with great water views!

Fri, 06 Jan 2012 04:56:26 GMT

Lots of room in this Riverside home with Great Water Views! Great finished space on the 3rd floor with Two beds but no heat. Some updating needed. Close to the Bike Path.

185 Manville Hill Road #105, Cumberland 02864

Fri, 06 Jan 2012 04:52:33 GMT

Wonderfully kept and updated unit facing the back of Rosewood making it nice and quiet. Some recent updates to the unit includes interior paint, flooring and window coverings. Move right into this convenient area only 20 minutes to Providence and 45 to Boston.

Unique Condo Development Opportunity in Smithfield RI

Fri, 06 Jan 2012 04:48:51 GMT

Unique Opportunity to develop a wonderful condominium project in Smithfield. All permits in place...Phase 1 has 34 units approved. 19 market units, 15 affordable units. Call for details!

Fully renovated 3 family on quiet street on the East Side of Providence!

Fri, 06 Jan 2012 04:32:39 GMT

Walk to Patterson Park and Blackstone Blvd from this quiet street. Fantastic location on the ESID with nicely sized units. Would be a great owner occupied home. New updates include roof-windows-wiring-plumbing-boilers. Taxes DO NOT reflect homestead!

Large Cape with In-Law Possibility in Fairlawn/PAWT.

Fri, 09 Dec 2011 20:36:46 GMT

This spacious Cape sits on a quiet street in Fairlawn - It has a Full Dormer off the back of the house with a deck and separate entrance. It has all the charm of a Cape with the space of a Colonial. IN-LAW Options on the 2nd floor. Nice, Large backyard with greenhouse shed.

Sunny Bungalow on The ESID

Thu, 08 Sep 2011 18:42:26 GMT

Nice Bungalow in the Summit area of the East Side. This home is deceptively large inside with lots of great space. It has much of the original detail that made the bungalow such a treasure. Close to great shops on Hope plus playgrounds for kids. Great highway access to route 95 as well.

Conventional loans are on the Comeback!

Fri, 24 Jun 2011 03:00:00 GMT

A small sign that the real estate market is headed in the right direction is
the fact that banks are relaxing their loan standards a bit. Conventional mortgages are making a comback because for the first time in years they are only requiring a 5% down payment. Before this, a buyers only option was a conventional mortgage with a downpayment minimum of 10% or the Government backed FHA program that required only 3.50%. But recent changes in Private Mortgage Insurance (PMI) have made FHA less attractive as it once was. The one time upfront PMI fee was reduced to 1.0%...BUT... the ongoing PMI fee has been raised to 1.15% on an annual basis! This really increases the monthly payment for a borrower and reduces their purchasing power.

A few other things to consider with FHA....You can't get rid of the monthly
PMI for a minimum of 5 years and you must have 12 on-time payments prior to
attempting to do so. You also need to have 22% equity in the property in order to remove the PMI. When the property is appraised...that appraisal stays with
the property for 6 months. That means all FHA buyers attempting to purchase
that home within 6 months of the appraisal must adhere to the value allocate and any/all property deficiencies noted in the report.

So weigh your options and I'd be happy to give you a referral to a great loan
originator...because a conventional loan might end up providing you with a lower payment even though the rate might be a bit higher. If you are a buyer with a small downpayment, decent credit and decent income...you now have more options....which is a good thing! Happy Summer!

Should I Buy a Home Now?

Mon, 29 Nov 2010 13:04:00 GMT

Should I Buy a Home Now?

I’m often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don’t know where the bottom is until you see it in the rear view mirror, meaning until you’ve missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.” To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.