Residential Properties LTD.
January 29th, 2011

I’ve said it before and I’ll say it again, at Residential Properties we have some of the most creative and talented sales associates in the business! As you may know, we hold a seasonal photo contest. It’s a great opportunity for our agents and staff to grab their cameras and unleash some creativity. The winning photographs are added to the slide show on our home page.

We get more and more submissions each season. Matter of fact, we received more photos this winter than any other contest in the past. Not only did we receive record submissions but also the artistic quality of this winters photos were the finest to date!

I am excited to announce that Chris Whirlow, executive assistant in corporate, has submitted this year’s winning photograph. Chris captured a stunning view of the Providence skyline and his adjustment in shutter speed created a soft, dreamy effect. Congratulations Chris!

We also have a runner-up this year. Honorable mention goes to Liz Bodell, sales associates in our Providence office. Liz submitted an incredible shot of horses in Rehoboth, Massachusetts.

With so many quality photos submitted this year, it was certainly difficult choosing photos to be added to the home page slide show. So, we have included 7 photographs this season. Thank you to all the participants!

Winning Photo: Chris Whirlow – The Providence Skyline

Runner-up: Liz Bodell – Horses – Rehoboth, Massachusetts

Holly Applegate – Historic Benefit Street – The East Side of Providence

Phil Retamoza – Historic Slater Mill – Pawtucket, Rhode Island

Rich Epstein – Narragansett Beach – Narragansett, Rhode Island

Nancy Weaver – Crescent Park Carousel – Riverside, Rhode Island

Sally Lapides – India Point – Providence Harbor

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January 28th, 2011

Our location at Wickenden and Benefit Streets in Providence gives us a perfect view of the demolition of the old I-195 highway structure. This project will free up acres in downtown Providence, the Knowledge District, and here on the East Side, allowing for both development and park space. The neighborhoods on each side of the river will be connected by a pedestrian bridge. The design of this bridge was chosen earlier this year by a committee of local architects, neighborhood residents, representatives from local universities, business owners, RIDOT and the City. This architect’s concept for the foot bridge is posted on the I-Way Projects website.

We have a short video showing the end of an era — the remaining mural on the Point Street overpass being demolished.

January 24th, 2011
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Remember back in High School when your best friend had all the dates, and you thought, ‘what do they have that I don’t have?’  If you are one of the 5,000 single families that are on the market, you might be thinking that about the 88 homes that did sell last week.  What did those listings have? Perhaps it was a savvy and honest Realtor with a great web presence on their side.   The 88 single family homes that sold last week through Statewide MLS averaged 97 days on the market as opposed to the 147 for the active listings, and these buyers got 95% of their list price.  This gives you some insight into how to properly position your home for a quick sale in today’s market. If you listen to my radio show, you know dating is one of my favorite metaphors for home buying, in both cases, first impressions mean everything. The price you place on your home is critical. The day your home hits the market is the time you will be exposed to all potential buyers, enlisting a Real Estate agent with  great local knowlege and a great web presence who  syndicates their listings on many web sites to ensure maximum exposure is your first step. More than likely,  buyers have been watching the market for some time now, and they know what is and isn’t a good deal, if your home is priced too high to begin with, you will end up being one of the crowd languishing on the market, with potential buyers wondering what is wrong with that house and why hasn’t it sold? So then you lower and lower and lower your price until you end up getting less than if you had properly priced it from the beginning, if you even sell at all.

This Week’s Real Estate Insight:

Well kept homes priced properly will always sell the fastest for the best price, this is why you need a Real Estate professional who has good local knowledge to assist you in honestly assessing your homes location and condition and give you the most up to date assessment of your market conditions.  And make sure you have quality photographs,  just about everybody begins their home search on the web, if you are looking on for a potential suitor, do you even consider Mr. or Mrs. no photo available?

Listen to this week’s podcast here:

Audio MP3