Featured May 18, 2022

What You Can Buy in Scituate for Between $700K and $2.5M

What You Can Buy in Scituate for Between $700K and $2.5M


The folks at Mott & Chace are offering three properties in Scituate. These range from a 7-acre horse farm to the luxurious White Rail Farm.

For those looking to live the rural life and be just 25 minutes from Providence, these are three tremendous opportunities.

And, if you need to know what your home is worth — check this pricing estimator that gives independent calculations – CLICK HERE

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512 Seven Mile Road | Scituate | $2,495,000
Listed by Kim Marion

White Rail Farm is the ultimate in luxury, with the warmth of a family home. When you enter the foyer, soaring ceilings and lovely cherry wood floors welcome you. Designed for entertaining, each room flows gracefully into the next from the formal dining room to the kitchen with massive granite island. The kitchen is appointed with the best appliances, Wolf, Meile, Subzero, and the quality and extends to the additional summer kitchen. Relax by the custom stone fireplace in the living room and enjoy stunning 360-degree views; you are surrounded by 65-acres of conservation land that is perfect for hikes and dog walks. The first-floor primary suite is expansive with two walk-in closets and an exquisite marble bathroom with whirlpool tub and walk-in shower. The spacious first-floor office is stately with custom cherry wood cabinets and space for two. Laundry room and marble-appointed powder room complete the first floor. You will appreciate that the entire first floor, and the 4-car garage, offer radiant heat floors. Upstairs, you will find another primary suite with an en suite and walk-in closet, as well as two additional large bedrooms, each with en suite. The barn is beautiful! Custom stalls can home 4 horses or several dream cars. It also provides a workshop, office, bathroom, and full loft for storage. Set on 2-acres, this property offers a private home surrounded by nature with the convenience of highway access to Boston, Providence, or Southern RI. Welcome Home!

 

1 Mitchell Way | Scituate | $699,000
Listed by Kim Marion

Welcome Home to 7-acres of privacy and an expansive Colonial in a fabulous, family-friendly neighborhood. The private drive leads to a recently updated home with wrap around porch. This house is huge, offering 4 oversized bedrooms, all with walk-in closets, 3-full baths, and laundry hookups on each floor. The primary suite offers a massive walk-in closet and a luxurious en suite. Enjoy the updated kitchen with granite countertops, formal dining room, playroom, living room, oversized pantry, and laundry room. A brand-new addition with a private entrance adds a separate bedroom, bathroom, living room, and kitchen. This is a perfect spot for an adult child or in-law suite. Use the new 50×30 building with front and back garage doors as a barn, workshop, or car storage. Bring your chickens home to the 8×8 coop. There is even an additional barn with horse stalls. The current owners have enjoyed this property as a hobby farm for their horses, goats, 2 pigs, and Dale, the steer! Now it’s time for them to pack up the herd and move West. This is a wonderful opportunity to have animals or just enjoy the peace and quiet of a country setting while being minutes from shopping, restaurants, and highway access. Please do not visit the property without an appointment. This is a private road and a private family.

 

200 Knight Hill Road | Scituate | $899,000
Listed by Lindsey Duckworth

A must see. This stunning and unique property offers a custom-built executive ranch home, complemented by a gentlemen’s farm. Situated on just under 3 acres of landscaped grounds and surrounded by thousands of acres of conservation land, this property offers a private oasis. There was no expense spared given the numerous upgrades in this quality custom-built home and property. Upgrades include a chef’s kitchen with 48″ Wolf Stove, Sub Zero refrigerator, pot filler, and stone countertops. Open floor plan living throughout the home, and immense natural light flows through the oversize windows. The spacious lower level is ideal for entertaining with multiple seating areas, a wet bar, and walk out to the natural stone patio. The lower level could easily be converted to In-law space as well. Stepping outside this tranquil property is a horse/animal lover’s dream. Newly built three stall barn with tack room, storage room, and hayloft. Barn features large box stalls just under 12×12 each (barn virtual tour is available), water, electric, fenced barnyard. Multiple paddocks for ample turnout space, and a beautiful riding ring with natural stone retaining wall.

BlogGeneralNewsPressSotheby's International Realty May 16, 2022

Mott & Chace Sotheby’s International Realty Announces The 903 Residences at Providence Place are Now Completely Sold Out

Mott & Chace Sotheby’s International Realty is pleased to announce the successful sellout of The 903 Residences at Providence Place. The sale of over 230 condominium homes took place ahead of the projected timeline while establishing new gross and price per square foot rates in the market.

As the exclusive listing brokerage of the The 903 Residences, the firm successfully sold out all units, achieving over $77 million, according to the data available from Rhode Island Statewide Multiple Listing Service. The Mott & Chace Sotheby’s International Realty specialists, Ben Scungio, Sara Chaffee, Kimberly Marion, and The Blackstone Team, were the driving force in repositioning the structure of the established condominium association from long term rentals to individually-owned units marketed to owner-occupants.

The firm is the only residential brokerage in the state to have facilitated two large scale condominium sell outs. Mott & Chace Sotheby’s International Realty’s accomplishment at The 903 Residences follows the firm’s successful sellout of the Arcade Providence micro-lofts earlier this year.

By establishing a well-executed business strategy and a targeted marketing plan, Mott & Chace Sotheby’s International Realty delivered The 903 Residences’ management company a blueprint to resulting in the sellout that maximized values.

“Our partnership with Mott & Chace Sotheby’s International Realty exceeded our expectations, executing the strategy with results that speak for themselves,” noted Tina Bacci and Wayne Lopez, Principals at RESIS Real Estate Sales Integration Solutions. “The first-rate team, with superior local knowledgeable, was just as determined as we were to bring The 903 Residences to the next level. Thank you to all involved.”

“We are honored to share this success with our clients, our sales associates, and the team at The 903 Residences”, states Ben Scungio, Regional Manager and Team Lead for The 903 project. “This was an incredible project to have been involved with, exemplifying once again that Mott & Chace Sotheby’s Realty has the experience and expertise to handle large, long term, and complex partnerships.”

This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market.
Featured March 28, 2022

What You Can Buy in South County for Just Over $1 Million

What You Can Buy in South County for Just Over $1 Million

Saturday, March 26, 2022 | GoLocalProv and Mott & Chace Content Partnership | GoLocalProv.com


The folks at Mott & Chace Sotheby’s International are now listing three distinct South County properties all in the $1 million range.

They are located across the county and offer a range of waterfront and rural living.

If you need to sell your home, check your home’s value HERE — just plug in your address.

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41 Pietila Road | Charlestown | $1,274,9000
Listed by Bridgette Soby & Danielle Fox

A private 2-acre sanctuary with 350 feet of direct waterfront on pristine Pasquisett Pond in Charlestown! This serene property features spectacular water views & brilliant sunrises. Recently renovated, the 2-3 bedroom, 2,496 sq ft home is the perfect place to entertain family and friends for fun in all seasons. The 67-acre private freshwater pond is well-suited for fishing, swimming, boating, jet-skiing, and ice skating – the activities are endless! Nature lovers will enjoy the nearby woodlands and hiking trails, and garden enthusiasts will appreciate the mature landscaping including ornamental tress & blueberry groves! Kayak across the pond to enjoy buffet dinners at the famous Nordic Lodge. Inspired by the Scandinavian roots that had settled in the area, the home was built with multiple outbuildings including a cottage, gazebo and cedar sauna overlooking the pond. Additionally, the property features a dock with a tiki bar. A beautiful private setting, yet only 10 minutes to the ocean, beaches & town.

160 Kingston Road | Exeter | $1,495,000
Listed by Kelly Schneider & Kimberly Marion

Hidden Horse Acres is a meticulously maintained family home and the equestrian facility is set on 13.99 private acres and nestled minutes from the Southern Rhode Island coastal lifestyle. The 2002 custom-built contemporary home features an open concept living area with a stone fireplace, oversized windows that drench the home in sunlight, a wrap-around deck, and views of the barn, fields, and a serene, treed landscape. With 3-bedroom and 2.5 baths upstairs, there is room for everyone to create their own space. A fully equipped, private walk-out lower level with 1-bed, 1-bath, and fireplaced great room is equally sun-lit and the perfect living space for an adult child, parent, live-in farm help, or trainer. The equestrian features of this property are all top-of-the-line. The indoor arena (60’x120′) features Geotextile Fiber footing, an outdoor arena (75’x200′), and a round pen area, each with Geotextile Fiber sand mix footing. The main barn includes 6-stalls with individual runouts; additional 9-stalls allow for 15 horses in total. A few property updates include updated fencing, solar power, sprinkler system for the outdoor ring, house/barn generator, and numerous other infrastructure and cosmetics upgrades. Gorgeous stone walls run through the property, providing a classic southern Rhode Island charm. Hidden Horse Acres has been a successful Dressage boarding and professional training facility. This property can sell turnkey with all machines, tools, and supplies.

 

62 Champlin Road | North Kingstown | $1,390,000
Listed by Kathy Kourakis

Views, views, views are what this one-level home with finished walkout lower level in desirable Plum Beach is all about! The design of the home seems to wrap itself around the lot and the expansive vistas of Narragansett Bay, the bridges, and beyond. The open layout offers views from almost every room including the updated granite kitchen, living room with fireplace and dining room that conveniently opens to a Trex deck that is the prime outdoor viewing platform of the East Passage of the Bay. Features include hardwoods, central air, 7 brand new sliders, updated bathrooms, and a desirable “guest suite” on the lower level with bedroom, bath, family room and kitchen area. The home has been used as a four-bedroom with three-bedroom septic. Option to apply for membership into Plum Beach Tennis and Beach Club.

Blog February 23, 2022

2022 Rhode Island Monthly Professional Excellence in Real Estate Winners

We elevate the real estate experience for agents too.

 

Congratulations to all on being 2022 Rhode Island Monthly Professional Excellence in Real Estate Winners! 

BlogNewsPressSotheby's International Realty January 13, 2022

Mott & Chace Sotheby’s International Realty Announces The 903 Residences at Providence Place are Now Almost Completely Owner Occupied

Mott & Chace Sotheby’s International Realty is pleased to announce The 903 Residences at Providence Place is nearing full owner occupancy. With approximately 25 units remaining, the condominium association is estimated to be completely owner occupied by the end of August 2022.

The firm is the only residential brokerage in the state to facilitate a large-scale condominium sell out. According to the data available from Rhode Island Multiple Listing Service, the brokerage sold over $25M in total sales volume and over 90 units in 2021.

Additionally, Mott & Chace Sotheby’s International Realty has facilitated the sale of more than 206 units at The 903 Residences over the past three years with a total of $67M+ in sales volume.

With the help and direction of the Mott & Chace Sotheby’s International Realty team, The 903 Residences’ management company has maximized the investment by maintaining rental cash flow with the leases in place and presenting tenants the opportunity to buy their units.

“We are thrilled with the outcome of the partnership with Mott & Chace Sotheby’s International Realty,” says Wayne Lopez, Director of Sales and Marketing at RESIS. “A well-executed business strategy coupled with excellent marketing and knowledgeable agents helped us move the needle on this project and create more housing opportunities in Providence.”

Mott & Chace Sotheby’s International Realty is the exclusive listing brokerage of the condominium units at The 903 Residences. The specialists, Ben Scungio, Sara Chaffee, Kimberly Marion, and The Blackstone Team, are the driving force in changing the structure of the established condominium association from long term rentals to primarily owner-occupied units.

“Due to the incredible work by the sales team, this has been an amazing accomplishment. This success of this project highlights the talent and capabilities of Mott & Chace Sotheby’s International Realty. Thank you to all!” states Ben Scungio, Regional Manager and Team Lead for The 903 partnership.

This information is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. These properties may have been sold by other real estate companies. Data maintained by the MLS may not reflect all real estate activity in the market. Data is based on information from Rhode Island Statewide Multiple Listing Service through 1/13/2022.
Featured December 13, 2021

What You Can Buy for $700,000 in Rhode Island

What You Can Buy for $700,000 in Rhode Island

Looking for the right house at the right price? Not easy in today’s high-demand real estate market.

The folks at Mott & Chace Sotheby’s International have selected a collection of homes from across the region in the $700,000 price range.

Take a tour.

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42 Park Avenue | Warwick | $799,900
Listed by Katina Lemme 

Tranquility and peace! Walk down the abutting path, strolling through a bird sanctuary, to beach access with stunning ocean views right from your home. Unique opportunity to own a legal multi-family zoned home and cottage, beach access to Long Meadow Fishing Area/Beach with a great location for kayaking. Completely renovated and rebuilt in 2007 with an addition added on, here are just some of the features of this custom home. Oversized lot with 3 to 5 possible beds, 4 1/2 baths, huge master bedroom with a gorgeous walk-in closet, hardwoods throughout, mahogany trim throughout, sprinklers, radiant heat flooring including floor of 2 car oversized garage, 27′ x 29′ great room/media room, wired for surround sound in living room/master bedroom/great room, 8 outside water spigots including one near garage offering hot and cold water, solar heat is almost ready to use with a few updates, two 220 amp circuits in garage for possibly electric car charging station, generator hookup available, even heated wall tile in master bedroom shower! Don’t miss your opportunity to view this very special property. Includes a full in-law or 1-bed cottage with 3 separate entrances, for rental income of approximately $15,000 annually.

 

 

283 Middle Highway | Barrington | $669,000

Listed by Ben Scungio

Classic four-bedroom, two-bath colonial with spacious eat-in kitchen, replacement Pella windows, recently installed a/c, roof, and generator. The first floor offers a generous living room with a gas fireplace and dining room. The second floor offers 4 bedrooms. Hardwood floors throughout the first and second floor. Entertaining is easy with the oversized private backyard with an in-ground pool and patio. The partially finished basement is perfect for storage or a workout area. The bike path is within 2-minutes and the beach is a short 5-minute drive.

 

 

27 Oak Forest Drive | Little Compton | $699,000

Listed by Kim Marion

An amazing opportunity to live in a private retreat in the highly coveted Oak Forest neighborhood in this story-book Dennis Talbot home! Talbot homes are well-known as a gold standard of quality construction in Little Compton. You will embrace the beauty of every season surrounded by numerous walls of windows, cathedral ceilings with natural wood beams, and a glassed three-season room opening to a large deck. The focal point of the living room is a massive wood-burning brick fireplace. Additionally, enjoy the warmth of the wood stove in the dining area. The first-floor bedroom overlooks a tree-lined street and stone walls. Upstairs you will find the primary suite, walk-in closet, full bath, and loft office space with clever built-in storage. Just minutes to the beach and town Commons, farm stands, and the trails at Simmons Mill Pond, you’ll enjoy the best that Little Compton has to offer. Situated on nearly 4-acres in a wonderful neighborhood, you can walk and meet your neighbors while still having the peace and quiet you expect in the country. The lovely acreage surrounding the house creates the perfect summer retreat or full-time residence for the nature lover. The home features too many upgrades to list; including a 40-year roof with warranty, Anderson skylights, propane heating system, Kohler generator with OnCue Monitoring System, AcquaScience water filtration system, Pioneer Dehumidifying System, and ADT Security system.

Featured August 10, 2021

East Side Investment Properties Hit the Market, See Three Multifamily Homes For Sale

The folks at Mott & Chace Sotheby’s International offer a range of East Side of Providence investment properties.

These three multifamily momes are offered for sale from $599,000 to $899,000.

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52 Cole Avenue | East Side of Providence | $745,000
Listed by Lise Holst

Very special well-maintained 3-family in a prime location on Cole between Lloyd and President. Three spacious and bright units with lovely period details and extensive updates. The 1st and 2nd-floor units feature fireplaced living rooms, dining rooms with built-ins, updated kitchens and baths and two good-sized bedrooms each. The 3rd floor unit offers a living room, three bedrooms and a delightful sunny new eat-in kitchen with views out over the neighborhood. Hardwood floors throughout, replacement windows, new roof, freshly painted exterior, new backyard patio. Hard-wired for smoke/co. Parking for 4+ cars. This outstanding property is perfect for owner-occupiers or investors.

 

232-234 Williams Street | East Side of Providence | $899,000

Listed by The Blackstone Team

232-234 Williams is a legal three-family home with 11 bedrooms and 4 bathrooms that is within close proximity to Brown University, Rhode Island School of Design, Wickenden Street, Downtown Providence and Narragansett Bay. Every local amenity is at your fingertips–within a short walk. The home is currently an investment property, but could also make for a beautiful owner-occupied house where the tenants help pay your mortgage. 1st, 2nd, and 3rd floors are identical in layout–all 1400 sqft 3 bed 1 bath units with large kitchens, double parlors and outdoor porches. The 1st and 2nd floors will be delivered vacant by closing. Rent potential depending on finishes are between $2200 and $2800/month each. The 3rd floor needs updates due to a long-term tenant, who will vacate by mid-October. The 4th floor is a stunning 1100 sqft 1 bed 1 bath suite–modernly updated and finished. 3rd and 4th floors could be easily added together for a 2,500 sqft 4 bed 2 bath owners’ unit. Heat for each unit is separate forced hot air. Parking for 4 cars. Exterior has recently been reshingled and painted.

 

80 -82 Eighth Street | East Side of Providence | $599,000

Listed by Kim Marion

This immaculate two-unit home on the East Side of Providence is an absolute gem. Both units are spotless! The totally updated first-floor has two large bedrooms, one full bath, living room, and large dining room as well as lots of storage. The kitchen is modern with contemporary stainless appliances. Upstairs you have even more space with three bedrooms, a home office, full bath, living room, dining room, and a quaint enclosed screened porch. Both units have lovely hardwood floors, no refinish needed and laundry is individual in the basement. We have already completed a home inspection so you can buy this property with no worries. Enjoy the short walk to all of the restaurants and shops on Hope Street! Close to the best private schools, universities, and hospitals. Newer mechanicals, central AC, and its superb condition make this building one you would be proud to live in, or own as an investment property that will pay you back for years to come.

Featured March 22, 2021

Best Value, Cool Condominiums in Providence

Best Value, Cool Condominiums in Providence


Take a look a collection of condos in Providence for no more than a tad over $500,000.

The folks at Mott & Chace Sotheby’s International Realty have put together some great suggestions for you.

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The 903 | Providence

Multiple Units Available

Listed by The 903 Residences Specialists

Just footsteps away from everything that downtown Providence has to offer the 903 Residences provide a tranquil oasis to call home when you are not exploring the city. On your downtime enjoy the unprecedented amenities at the 903 including a 24-hour fitness center, resort-style swimming pool, Jacuzzi, surround sound movie theater, clubhouse, concierge, and garage parking with electric car charging stations. With a variety of studio, one-bedroom, and two-bedroom homes the 903 has something for everyone. The apartment homes feature all the conveniences and fixtures one desires such as central air, in-home washers and dryers, and modern kitchens with stainless steel appliances.

 

87 Cooke Street #2 | East Side of Providence

$399,900

Listed by Sam Glicksman

Housed in a Historic Tudor Victorian, this elegant two-bedroom condominium is highlighted by a private entrance, beautiful stainless/granite kitchen, hardwood floors, fireplace, fenced-in patio, large windows, high ceilings & crown molding. Other features include an entry foyer, in-unit laundry, in-fee hot water, storage & assigned parking. Centrally located within walking distance to Wayland Square, Thayer, Brown, RISD, and Downtown restaurants, shopping, and transit.

 

100 Exchange Street #1107 | Providence

$515,000

Listed by Stephen Antoni

Beautifully appointed two bedrooms and two bathroom corner unit with sweeping views of the Eastside and river located on the 11th Floor in Providence’s luxury high-rise at Waterplace residences. 1,200 square feet of living space with top-of-the-line Bosch stainless steel appliances, granite counters, marble counters in bathrooms and great storage space. The unit comes with deeded indoor, underground parking and a storage unit. Full-service amenities with 24-hour concierge service, fitness center, rooftop terrace, community room, restaurant, and much more. The convenient downtown location is a short walk to the train station that can connect you to Boston in less than an hour or RI’s International airport in 20 minutes. Enjoy the great restaurants, cultural and educational places to visit in Rhode Island.

Blog March 22, 2021

Five Tips for Buying Your Dream Home in a Competitive Market

In February 2021, the median asking price for a newly listed single-family home in Rhode Island increased by 4.3%, while the median home price of sold listings increased by 16.4% when compared to last year. Sellers of well-priced homes are often receiving multiple offers that create bidding wars. Kim Marion, Sales Associate at Mott & Chace Sotheby’s International Realty, has some exceptional tips for buyers navigating the current real estate market.

71 Tilden Avenue, Newport RI 02840

1 . Connect with a Realtor

As the trends hold strong by way of historically low inventory and increased sales prices, Kim advises to first and foremost connect with a great local Realtor. This may seem obvious, but it is critical. “Partially for negotiation tips”, Kim said in a recent GoLocalProv interview, “but also because Zillow and some of the other sites aren’t being constantly updated. Buyers may get excited about a property they see online, call their agent, and it’s already under contract. That is a challenge.” Real estate agents have access to the Multiple Listings Service (MLS) and properties that are not listed on MLS, referred to as Non MLS listings. Buyers are not likely to know about Non MLS listings when searching without an agent.

In addition to MLS, the real estate specialists here Mott & Chace Sotheby’s International Realty offer clients the award-winning home search platform, RealScout. With listing information sourced directly from MLS, the details provided are always accurate. RealScout features property photos as the basis of the search platform, allowing buyers a simple and fun way to make decisions about their interest in a property. The tool customizes alerts for each clients’ specific, unique, and personal wants and needs.

Kim’s tip is to work with a real estate agent who can compile comparable properties from the last six months. “The market has changed considerably since 2019 and even early 2020. Looking at the last six months of sales is extremely important, and it can be hard to interpret without professional guidance”.

2 . Get Pre-Approved

This piece of advice, says Kim, comes with a couple of caveats. First, pre-approved buyers should not assume that pre-approval is everlasting. “Buyers should have a current pre-approval. They typically last about 30 days.” Another caveat, buyers should be working with a local lender. “I can almost guarantee buyers will do better with a well-known local vetted lender.”

Kim’s tip is to approach every listing as though it’s ‘the one’. Build a team inclusive of a trusted realtor and local lender ready to act at moment’s notice. This is crucial in a hot market when properties are moving quickly.

3. Negotiate Terms

“Everything in life is a negotiation,” Kim says, “when buyers think about the house, they are thinking about highest and best price, getting the offer in as quickly as possible, and the potential of having to offer more than the asking price”. There are, however, a few other ways a buyer could make their offer most attractive to sellers.

Inspection: One option is to waive the inspection completely, although this is not usually advised. A buyer could, however, have the inspection done for informational purposes only. “If a seller sees ‘for the buyer information only’ they can interpret that to mean this buyer may find something wrong, but unless it is a major defect (like a safety issue), they aren’t going to ask for it to be fixed.” Kim notes sellers may find relief in knowing this buyer isn’t going to nit-pick over every little broken thing.

Appraisal contingency: If buyers have funds available, they could forgo the appraisal contingency. This would mean if the bank values the home for less than the buyers accepted offer price, the buyer will pay the difference in cash. This eliminates the need for the buying and selling parties to have to renegotiate the purchase price.

Escalation Addendum: Buyers should use an Escalation Addendum in all of their offers. In an unpredictable market like this one, many assume a home is going to sell for thousands over the asking price, but it might not. An Escalation Addendum works this way: if a home goes up for sale and buyer and their agent suspect it will sell for higher than list price, the buyer will make an offer of the amount of their choosing. The buyer would then add an Escalation Addendum that says they will pay a certain amount over any other viable offers, up to a “highest and best” amount decided on in advance. For example, the offer would look like this: “We offer $550,000 for the property, and $2,500 more than any other viable offers up to $570,000.” The Escalation Addendum is designed to protect buyers from overpaying in the event that there are no other offers between the highest price a buyer willing to pay, and the asking price for the property. The listing agent must show other higher offers to the buyer’s agent to justify that increase in price dictated by the Escalation Addendum.

Stuff: Offer to clean out the seller’s unwanted items! One of the universally agreed upon truths is that moving is a pain. Buyers could make moving easier on the sellers by offering to get rid of old and unwanted items left behind and take on the clean-up of the property.

Earnest Money Deposit: Or EMD, is the money a buyer sends with the offer. Typically a $500-$1,000 deposit, buyers could consider offering a larger sum. While it may put the buyer at a little more risk, it shows the seller the degree of interest the buyer has in purchasing the house.

Kim’s tip is to mix some of these terms, when possible, together to add even more strength to the offer! When the market is hot, making the transaction as easy as possible on the seller might just be what wins them over.

4. Stay True to Your Limits

When the market is competitive, Kim reminds her clients to consider the emotional urgency. While one property may seem like the dream home, another house could come along that is better – or at least great. Overspending, just to stay in the game, can have consequences. “Interest rates are at a historic low so there may be a balance when borrowing more than the originally anticipated budget”, says Kim, “but there is nothing worse than living in a beloved home and barely being able to afford it.”

Kim’s tip is to find out as much as possible about the property before making an offer. “Don’t make a bad decision,” Kim warns. “Buyers in this market may only get fifteen minutes in the house to look around and then have to make a decision worth hundreds of thousands of dollars.”

5. Search the Seller  

“Not to be creepy,” Kim laughs, “but because Rhode Island is so small. The buyer may have a connection with the current owners – and not even know about it!” It is not unlikely in Little Rhody to have something or someone in common with a seller – and that may just be the thing that wins interested buyers the property. “People make decisions about homes that are emotional. Buyers are eager and excited, and sellers are equally emotional. The sentimental history plays a part in how sellers value their home.

Kim’s tip is to try to connect buyers and sellers on a personal level so buyers can get their dream house.

 

 

Kim’s final (bonus!) tip for buyers in a competitive market is this: “This is a moment we are in and seasoned agents know how to handle it. Buyers will likely have to make multiple offers before landing a home, so be prepared for an emotional journey. Get into the mindset of staying hopeful, staying ready, and trusting your agent. A great agent is going to help buyers make it happen.”

 

BlogLifestyle March 25, 2020

One Price; Three Properties: What $600,000 Can Get You Around Rhode Island

129 Laurel Ridge Lane | North Kingstown | $649,900

An inviting custom-built storybook cape complete with a white picket fence! An addition to the back of the home extended the kitchen and dining area as well as added a screened in porch and octagonal shaped deck. An entertainer’s dream come true with its open floor plan, cozy fireplace and abundance of natural light. This home has been thoughtfully maintained with all new replacement windows throughout, a new hot water heater and recent interior paint.

4 Bedrooms | 2.1 Bathrooms | 3,005 Square Feet
Listed by Donna Conway | 401.241.3971 | donna.conway@mottandchace.com 

64 Butts Rock Road | Little Compton | $625,000

This one-acre vacant lot is a wonderful opportunity to build in stunning Chace Point, Little Compton! Your dream home will have water views and allow you to live just steps from the beach in this sought after exclusive community. This fantastic neighborhood is just minutes from the town Commons and all of the peace and tranquility for which Little Compton is known. Four-bed ISDS approved.

Vacant Lot | 1.11 Site Acres
Listed by Kimberly Marion | 401.692.1644 | kim.marion@mottandchace.com

 

956 Old Smithfield Road | North Smithfield | $679,000

The stone walls and crisp white colonial will catch your eye, and the classic new England red barn, in-ground pool, and light-filled studio will seal the deal. This stunning home is set on 10.5 acres and has been meticulously maintained. The property is inclusive of a separate one-bedroom guest suite with bath, kitchen and private entrance. The interior of the main home features stunning hardwood floors, large formal living and dining rooms, two family rooms with fireplaces, a den/study with built-in bookshelves, and a three-season sunroom.

4 Bedrooms | 3.1 Bathrooms | 3,508 Square Feet
Listed by Kimberly Marion | 401.692.1644 | kim.marion@mottandchace.com