Jorge Muralles Newport RI Real Estate Market

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Click here for more information

Rhode Island Real Estate market update - Where has everyone go? - Newport Real Estate, services for today's world!!

The real estate market in Rhode Island has been shaken up, this is nothing very unusual for an industry when times get tough, I guess everyone has to find a way to make a living.

I have to say, it has been a little difficult, all we have to do is look around, only 24 houses have sold in Newport in the last 3 months, 66 in Middletown, Newport and Portsmouth combined.

I cannot help it, but to feel bad for the people that did not make it, or those who will leave the industry before it is all over.

At the same time, I am continuing to invest time on lead generating and getting the knowledge my clients expect from me.

If you or anyone you know is looking for help buying, selling or renting real estate, either call us directly or click the links below for more information.

www.ripropertyvalues.com

Aquidneck Island Bank Owned properties and short sales:

Newport Real Estate has agents serving the entire state of Rhode Island, including Newport, Middletown, Portsmouth and surrounding areas. We can help you with all your buying, selling or renting real estate needs.

Please visit our website or call us directly if you need any assistance regarding any of our services.

Jorge Muralles
Real Estate Consultant
401-855-1335

Newport Rhode Island Real Estate - Residential & commercial real estate sales and rentals!!

www.locopro.com

www.newporttimesharesrus.com

www.ripropertyvalues.com

Real Estate services for today's market: We can help you with all your real estate needs, from buying, selling, or renting to avoiding foreclosure, we do it all. Call us with any questions.

We have bilingual real estate agents: English and Spanish

Jorge Muralles
401-855-1335
jorge@locopro.com

Newport Real Estate

1 Commercial Wharf # B1 , Newport, RI 02840
direct: 401-855-1335
cell: 401-855-1335
jorge@locopro.com
www.locopro.com

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Rhode Island Real Estate market update - Home buying guide - Down payment & Closing cost!

05-10-09

Click Here to view full article online

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Click here for more information

Rhode Island Real Estate market update - Home buying guide - Down payment & Closing cost!

Down Payments

When you buy a home, there are several up-front costs you should be aware of, particularly down payments and closing costs

A down payment for a home is usually between 3% and 20% of the total cost of the home. The amount of the required down payment depends on your credit history, income, the cost of the home, and the type of mortgage you choose. Many first-time homebuyers put down 3 to 5% of the cost of the home, although there are options available requiring less than 3% so ask your lender if this is something you are interested in.

Closing Costs

Closing, or settlement, costs are fees you pay when you actually get your loan from your financial institution. These include points, taxes, title insurance, financing costs, items that must be prepaid or escrowed, and other settlement costs. You should negotiate for lower fees the same way that you should negotiate for the best rate. Some fees, such as taxes, may be fixed but your lender may be willing to negotiate others.

Closing costs generally range between 2 to 7% of the property value. You'll receive an estimate from your lender after you apply for a mortgage. You must pay these costs before you move into your new home.

Aquidneck Island Bank Owned properties and short sales:

Newport Real Estate has agents serving the entire state of Rhode Island, including Newport, Middletown, Portsmouth and surrounding areas. We can help you with all your buying, selling or renting real estate needs.

Please visit our website or call us directly if you need any assistance regarding any of our services.

Jorge Muralles
Real Estate Consultant
401-855-1335

Newport Rhode Island Real Estate - Residential & commercial real estate sales and rentals!!

www.locopro.com

www.newporttimesharesrus.com

www.ripropertyvalues.com

Real Estate services for today's market: We can help you with all your real estate needs, from buying, selling, or renting to avoiding foreclosure, we do it all. Call us with any questions.

We have bilingual real estate agents: English and Spanish

Jorge Muralles
401-855-1335
jorge@locopro.com

Newport Real Estate

1 Commercial Wharf # B1 , Newport, RI 02840
direct: 401-855-1335
cell: 401-855-1335
jorge@locopro.com
www.locopro.com

David Quiroa
401-662-6235
davidaquiroa@gmail.com

About Us:

Newport Real estate is a full service real estate office, we have been around since 1970 and provide a range services from real estate consulting to property and asset management.

We are a very diverse office, our agents now can provide services in English and Spanish.

The real estate market is very challenging and our focus is to help people with objective advice in the purchase, sale or rental of real estate.

We specialize on helping first time buyers accomplish their goals by guiding them through the buying / selling process.

We help investors acquire and manage property.

We also help investors minimize tax liability when they sell their property. This is done through a 1031 exchange.

We have also set up a team of consultants to help people avoid foreclosure. We have many options available.

Keep us in mind for your friends or relatives who need assistance in Spanish.

Call us for information on any of our services.

Areas of Expertise

1.) First time buyers

2.) Real Estate investors

3.) Short Sales

4.) Pre foreclosures

5.) Commercial Real Estate sales & rentals

6.) Residential Real Estate Sales & rentals

7.) Real Estate Rentals

8.) Newport timeshares sales & Rentals

9.) Foreclosure prevention

10.) RI real estate market

11.) Newport RI real estate market

12.) Relocation Services

13.) Corporate services: BPO's, asset management, REO management.

1 Comment

Newport Rhode Island Real Estate market - $8,000 for qualified first-time home buyers - Are there any income limits for claiming the tax credit?

05-10-09

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Click here for more information

Newport Rhode Island Real Estate market - $8,000 for qualified first-time home buyers - Are there any income limits for claiming the tax credit?

Are there any income limits for claiming the tax credit?

Yes. The income limit for single taxpayers is $75,000; the limit is $150,000 for married taxpayers filing a joint return. The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The phase out range for the tax credit program is equal to $20,000. That is, the tax credit amount is reduced to zero for taxpayers with MAGI of more than $95,000 (single) or $170,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.

Click Here for additional questions

Aquidneck Island Bank Owned properties and short sales:

Newport Real Estate has agents serving the entire state of Rhode Island, including Newport, Middletown, Portsmouth and surrounding areas. We can help you with all your buying, selling or renting real estate needs.

Please visit our website or call us directly if you need any assistance regarding any of our services.

Jorge Muralles
Real Estate Consultant
401-855-1335

Newport Rhode Island Real Estate - Residential & commercial real estate sales and rentals!!

www.locopro.com

www.newporttimesharesrus.com

www.ripropertyvalues.com

Real Estate services for today's market: We can help you with all your real estate needs, from buying, selling, or renting to avoiding foreclosure, we do it all. Call us with any questions.

We have bilingual real estate agents: English and Spanish

Jorge Muralles
401-855-1335
jorge@locopro.com

Newport Real Estate

1 Commercial Wharf # B1 , Newport, RI 02840
direct: 401-855-1335
cell: 401-855-1335
jorge@locopro.com
www.locopro.com

0 Comments

Rhode Island Real Estate market update - Home buying guide - Get loan pre-approval !!

05-10-09

Click Here to view full article online

Rhode Island Real Estate market update - Home buying guide - Get loan pre-approval !!

Few people can buy a home for cash. According to the National Association of REALTORS® (NAR), nearly nine out of 10 buyers in 1999 financed their purchase, which means that virtually all buyers -- especially first-time purchasers -- required a loan.

The real issue with real estate financing is not getting a loan (virtually anyone willing to pay lofty interest rates can find a mortgage). Instead, the idea is to get the loan that's right for you -- the mortgage with the lowest cost and best terms.

REALTORS® routinely suggest that consumers start the mortgage process well before bidding on a home. Many lenders and programs, for example, are available right here in the Real Estate Services section of RI Living.com as well as through recommendations from local REALTORS®. By meeting with lenders -- either online or face to face -- and looking at loan options, you will find which programs best meet your needs and how much you can afford.

Buying real estate is a major decision, we have consultants ready to help you with all your questions regarding real estate. Call us or email us for a free consultation.

Aquidneck Island Bank Owned properties and short sales:

Newport Real Estate has agents serving the entire state of Rhode Island, including Newport, Middletown, Portsmouth and surrounding areas. We can help you with all your buying, selling or renting real estate needs.

Please visit our website or call us directly if you need any assistance regarding any of our services.

Jorge Muralles
Real Estate Consultant
401-855-1335

Newport Rhode Island Real Estate - Residential & commercial real estate sales and rentals!!

www.locopro.com

www.newporttimesharesrus.com

www.ripropertyvalues.com

Real Estate services for today's market: We can help you with all your real estate needs, from buying, selling, or renting to avoiding foreclosure, we do it all. Call us with any questions.

We have bilingual real estate agents: English and Spanish

Jorge Muralles
401-855-1335
jorge@locopro.com

Newport Real Estate

1 Commercial Wharf # B1 , Newport, RI 02840
direct: 401-855-1335
cell: 401-855-1335
jorge@locopro.com
www.locopro.com

David Quiroa
401-662-6235
davidaquiroa@gmail.com

About Us:

Newport Real estate is a full service real estate office, we have been around since 1970 and provide a range services from real estate consulting to property and asset management.

We are a very diverse office, our agents now can provide services in English and Spanish.

The real estate market is very challenging and our focus is to help people with objective advice in the purchase, sale or rental of real estate.

We specialize on helping first time buyers accomplish their goals by guiding them through the buying / selling process.

We help investors acquire and manage property.

We also help investors minimize tax liability when they sell their property. This is done through a 1031 exchange.

We have also set up a team of consultants to help people avoid foreclosure. We have many options available.

Keep us in mind for your friends or relatives who need assistance in Spanish.

Call us for information on any of our services.

Areas of Expertise

1.) First time buyers

2.) Real Estate investors

3.) Short Sales

4.) Pre foreclosures

5.) Commercial Real Estate sales & rentals

6.) Residential Real Estate Sales & rentals

7.) Real Estate Rentals

8.) Newport timeshares sales & Rentals

9.) Foreclosure prevention

10.) RI real estate market

11.) Newport RI real estate market

12.) Relocation Services

13.) Corporate services: BPO's, asset management, REO management.

0 Comments

Rhode Island Real Estate market update - Free CMA offer for real estate sellers and buyers in Rhode Island!!

05-10-09

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

Click here for more information

Rhode Island Real Estate market update - Free CMA offer for real estate sellers and buyers in Rhode Island!!

Did you know that 60% of the homes that enter the market end up as expired listings?

Unfortunately, statistics like this only served to tell you that you are in the majority; they do not tell you how to jump in the minority.

But perhaps, I can help. If you would be willing to give me your insights into why your home has not sold, I would be willing to give you my suggestions on how I think it could be sold.

This offer is designed to keep me up to date on changes in the market place and to give you the opportunity to see if I might the sales person who can help you jump into the precious minority of home sellers.

Please call me at your convenience and we will arrange a time for me to visit your property.

Aquidneck Island Bank Owned properties and short sales: