RILiving Mobile App »
 
My RILiving  

Already have an account? Login Now

Don’t have an account? Buyers and sellers can save their searches and listings. Create an Account

Featured Showcase Property
View All
Photos 360 View
$489,900 Mortgage Calculator
15 FIRETHORN LANE
Cranston, RI / 02920
MLS# 1121316
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: DEAN ESTATES
Beds: 5 Beds
Baths: 4 Full / 0 Half
Living Area: 5,140 sq. ft.
Lot Size: 13,056 sq. ft.
Listed by: Linda Drainville Coldwell Banker Res. Brokerage
Office: 401-739-9500
Photos
$339,900 Mortgage Calculator
120 SUMNER BROWN RD
Cumberland, RI / 02864
MLS# 1122319
Type: Single Family
Neighborhood: ADAMS FARM
Beds: 3 Beds
Baths: 1 Full / 1 Half
Living Area: 1,683 sq. ft.
Lot Size: 96,260 sq. ft.
Listed by: LEN IANNUCCILLI RE/MAX Professionals
Office: 401-884-6050
Photos 360 View
$64,900 Mortgage Calculator
0 BUENA VISTA DR
Johnston, RI / 02920
MLS# 1073708
Type: Vacant Land
Neighborhood: ATWOOD
Lot Frontage: 0 ft.
Lot Size: 512,701 sq. ft.
Lot Type: Residential
Listed by: Bob Medeiros Watermark Realty, LLC
Office: 401-921-5300
Photos 360 View
$745,000 Mortgage Calculator
0 CRAIG DR
Barrington, RI / 02806
MLS# 1096524
Type: Single Family
Neighborhood: BARRINGTON RIVER VIEWS
Beds: 4 Beds
Baths: 4 Full / 0 Half
Living Area: 4,500 sq. ft.
Lot Size: 29,186 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
Photos 360 View
$299,990 Mortgage Calculator
1670 MAPLE VALLEY RD
Coventry, RI / 02827
MLS# 1097475
Type: Single Family
Neighborhood: GREENE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 2,408 sq. ft.
Lot Size: 130,680 sq. ft.
Listed by: Raquel Storti Keller Williams Realty
Office: 401-785-1700
Photos 360 View New Construction
$469,900 Mortgage Calculator
284 FAIRVIEW AV
Rehoboth, MA / 02769
MLS# 1114917
Type: Single Family
Neighborhood: CENTRAL
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 2,580 sq. ft.
Lot Size: 60,002 sq. ft.
Listed by: Michael Lopes The Mello Group, Inc.
Office: 508-640-0505
Photos 360 View
$849,900 Mortgage Calculator
193 SUMMIT VIEW LANE
North Kingstown, RI / 02852
MLS# 1125025
Type: Single Family
Neighborhood: HARBOUR RIDGE/WICKFORD
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,601 sq. ft.
Lot Size: 40,075 sq. ft.
Listed by: Allen Gammons BHHS Gammons Realty
Office: 401-886-6100
Photos 360 View
$789,000 Mortgage Calculator
7 GLENFIELD RD
Barrington, RI / 02806
MLS# 1125484
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: NAYATT - BRICK POND
Beds: 4 Beds
Baths: 2 Full / 1 Half
Living Area: 3,539 sq. ft.
Lot Size: 14,042 sq. ft.
Listed by: Nancy Weaver Residential Properties, Ltd.
Office: 401-245-9600
Photos 360 View
$224,900 Mortgage Calculator
222 ASYLUM RD
Warwick, RI / 02886
MLS# 1126104
Under Contract Status: Inspection Period
Type: Single Family
Neighborhood: BUTTONWOODS
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,652 sq. ft.
Lot Size: 7,955 sq. ft.
Listed by: Debbie Grimaldi RE/MAX 1st Choice
Office: 401-943-6111
Photos Handicap
$399,900 Mortgage Calculator
45 HIGHVIEW AV
Warren, RI / 02885
MLS# 1116637
Type: Single Family
Neighborhood: HIGHVIEW AVENUE
Beds: 3 Beds
Baths: 2 Full / 0 Half
Living Area: 1,621 sq. ft.
Lot Size: 10,045 sq. ft.
Listed by: Jennifer Mello The Mello Group, Inc.
Office: 508-640-0505
Greenwood Credit Union -For all your financial needs.
 
Jo-Ann Molinaro - Moving RI
Click here for The Wright Connection - RE/MAX Professionals Newport Beach Club – New England’s Premiere Sporting Community
Click here for Janis Cappello - Coldwell Banker Click here for United Lock, Safe & Alarm, Inc.

Are You Ready to Buy?

Buying a home is considered one of the most complicated and stressful financial transactions a consumer will ever make.

One of the keys to making the homebuying process easier and more understandable is planning. In doing so, you'll be able to anticipate requests from lenders, lawyers and a host of other professionals. Furthermore, planning will help you discover valuable shortcuts in the homebuying process.

Do You Know What You Want?

Whether you are a first-time homebuyer or entering the marketplace as a repeat buyer, you need to ask why you want to buy. Are you planning to move to a new community due to a lifestyle change or is buying an option and not a requirement? What would you like in terms of real estate that you do not now have? Do you have a purchasing timeframe?

Whatever your answers, the more you know about the real estate marketplace, the more likely you are to effectively define your goals. As an interesting exercise, it can be worthwhile to look at the questions above and to then discuss them in detail when meeting with local REALTORS®.

Do You Have The Money?

Homes and financing are closely intertwined. (Financing is the difference between the purchase price and the downpayment, commonly referred to as debt or the mortgage.) The good news is that over the years new and innovative loan programs have evolved which require a 5 percent downpayment or less. In fact, a number of programs now allow purchasers to buy real estate with nothing down.

In addition to a down payment, purchasers also need cash for closing costs (the final costs associated with closing the loan). Several newly emerging loan programs not only allow the purchase of a home with no money down, but also underwrite closing costs.

Not everyone, however, elects to purchase with little or no money down. Less money down means higher monthly mortgage payments, so most homebuyers choose to buy with some cash up front.

As to closing costs, in markets where buyers have leverage, it may be possible to negotiate an offer for a home that requires the owner to pay some or all of your settlement expenses. Speak with local REALTORS® for details.

Is Your Financial House in Order?

Those great loans with little or nothing down are not available to everyone: You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.