Waterfront Warwick RI Home Sold- 94 Trent Avenue - Fannie Mae Winner. It was the final two weeks to closing and my buyer and

The Price was Right- Location Superb! Warwick RI

myself were checking on all the repairs that were suppose to be corrected and had not been before this day…well heat was not working in two rooms and the outside water faucet was now running which wasn’t before -endlessly. So the listing agent is on the phone, gets the contractor to come back & voila- it is done. We are getting closer on this waterfront Warwick RI home sold at 94 Trent Avenue.

Well shouldn’t that be the end of this Fannie Mae foreclosure sale…especially after 5 months of frustration! Well of course the closing was desirable but it was just starting with the lender who wanted document after document near the end of repairs. Every word on that inspection report was now being questioned by the lender. The lender had a month to do all of this and waited until 3 days prior to closing… it was frazzle time and being handled by me and the listing agent. All corrected documents were in the lenders hands the next day and you think I was paid for round the clock of work!

This 94 Trent Avenue Warwick RI home is waterfront on a pristine lake, beautiful hardwoods, newer windows, roof & siding and with central air. It was a great home buy! That is why the wait was to be endured for this Fannie Mae winner.

The buyer was thrilled and appreciative…she had been delayed for 5 1/2 months primarily by Fannie Mae to get to this

As Young as she is- She is the Buyer!!

point…the lender delay was the distasteful frosting on the closing cake. The listing agent was so appreciative of our calmness and working with them the whole time…not typical he says of other realtors and buyers he has dealt with on these problematic sales. My job was to get to the closing table for my buyer on a house she wanted above all else. What it took as a professional is to stay focused, work well with all parties and make it right for the buyer.

The buyer received her keys to her new Warwick RI home today! This was one long process but now all repairs in order on this great waterfront Warwick home. She has now a place for her boa constrictor and other snakes and… oh no, I haven’t met them…yet…Waterfront Warwick RI Home Sold- 94 Trent Avenue - Fannie Mae Winner.

!!!!!!!!!!!!!!!!!!!!!

Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Washington County RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

FANNIE MAE comes late to the party - but arrives!

This was one busy week for all my clients from accepted offers to home inspections to the surprise of all!! Are you ready and I have to share this for my first time home buyer because she has been an amazing and patient client throughout this REO (real estate owned – bank owned) home purchase…FANNIE MAE agreed to do all the repairs we requested post home inspection even though it was an ‘AS IS’ Warwick home for sale that she had a contract on. Woo Hoo! We all jumped up and down.

It is a convoluted mine field of getting through repairs by dollar amount with FANNIE MAE and its contractors. It is not for the faint of heart buyer or the buyers who do not have staying power. It is a frustrating and patient process.

The listing agent was truly buffaloed…it had not happened in a long time on all the other FANNIE MAE contracts. In fact, all the other REO buyers' requests for deficient home repairs were summarily rejected. The Bank handler would say to the listing agent "what don't these buyers understand about AS IS!" It must be my good Karma that got ours approved I told the listing agent and he just laughed… Well as they say we are not looking this gift horse in the mouth but have jumped right on it.

The contractor for the listing agent (not the Bank on this one) had the home repairs done within the week…this is amazing in itself. Just to refresh memories on this waterfront Warwick find of a home…we have been waiting since May 2011 to get to closing!! Patience, virtue …oh, you know all those good things but it really took 3 people to get it done on the non- bank side. The listing agents persistent coordinator, a pesty North Kingstown Realtor who would rail everyday for updates & why nots and a wonderful home buying client. When you have a gem of a home purchase it is worth to hold onto …although we were all very weary of the process by now.

So we are 2 weeks to closing and hope we have no more bumps by the Bank. I want to have my buyer in this waterfront Warwick home by Halloween no less- no spooky surprises for her! Thank you FANNIE MAE for this platter of repairs. We are grateful and let’s make it to closing table now. FANNIE MAE comes late to the party - but arrives!

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the Washington County RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

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Pending Warwick Home for Sale - 19 Henzie Street Warwick RI 02889 - It is a Buy!  This cute as a button and turnkey renovated 2 bedroom home at 19 Henzie Street Warwick RI  is in agreement and what a buy for the buyer!  Located just up from Bowen's Wharf Marina off of Second Point Avenue with brilliant water views of Warwick Cove from all the home rooms.

Yes, at the asking price the buyer is getting a good buy in an area that is a buyers market right now.   Consider always the location and what is your long term view of any home purchase.  Is it your vacation home you will have for countless years or will it be a short term home as your family grows in size?  It does make the difference.  For these buyers, it is the ultimate transition house and getaway for them now that their children are grown up.

Certainly the appeal here was the pristine nature of this Warwick RI home for sale - it is location, condition and price that draws the buyers to make a good and qualified offer on a  Warwick home.  All three points were exceptional here and without a doubt set this home apart.  Competition was fierce in this price range in Warwick RI!  This community that has been rated as one of the top U.S. cities to live in, there are over 120 homes for sale under $130,000 right now! 

My marketing skills and strategies were at the forefront to get this home into agreement.  It is a Warwick short sale which some buyers may prefer not to engage in due to the length of time they hear it takes to get to the closing table.  However, if you work with North Kingstown short sale agents who has the team, knowledge and expertise to get the property sold it is a win- win for all.  It is a buy for the buyer... Pending Warwick Home for Sale - 19 Henzie Street- Warwick RI 02889 - It is a Buy!

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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well.  Also, as a North Kingstown short sale agent, she helps clients navigate the rough short sale waters successfully with their sale.  Waterfront, oceanfront, luxury and coastal RI homes for sale are her specialty, so call Ginny for your buying and selling home needs.  When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.

Are you thinking of living in Warwick Neck, Rhode Island?

Warwick, Rhode Island was settled in 1642. It was considered the first white settlement (meaning other than Indians) on the western side of the Narragansett Bay. Originally it was named Shawomet which means a spring, but then it was changed to Warwick, in honor of the Earl of Warwick. Now, Warwick consists of many villages, one of which has an area called Shawomet, in Conimicut. As you may have guessed, most of Rhode Island names were originally Indian! The main tribe was the Cowesetts who were a part of the Narragansetts.

Warwick Neck is yet another village of Warwick, Rhode Island. It looks like a very wide peninsula, surrounded on three sides by Narragansett Bay. On one side of the neck is home to Warwick Cove which consists of loads of marinas. By boat, coming into the Cove you can see the Warwick Neck Country Club where weddings are held. It has a private membership which includes dining, tennis, golf and much more and is by invitation and sponsor only. A little further up the Cove and still on Warwick Neck is the Seaview Country club sitting right behind Harbor Lights Marina.

The tip of Warwick Neck is the Warwick Neck lighthouse, which is currently occupied by a Coast Guard family. This website has a very good description of the history of the Lighthouse. Directly to the right of the Lighthouse is Briarcliffe Ave, a waterfront neighborhood, which ends with a farm, named Camelot! There are still sheep being raised there and it sits on the Western side of the neck giving it incredible views of the Bay.

Maxwell Mays a famous Rhode Island artist had a home in Warwick Neck which was just recently on the market. I recently got to show one of my buyers this home, and as I love history and art, this was a definite high point for me. One could almost picture Mr. Mays painting here. He owned several homes throughout Rhode Island. I am guessing he used them as muses.

The Aldrich Mansion has a wonderful history. It is said that Nelson Aldrich was "kicked out" of Newport Rhode Island's well to do summer mansion colony and he built what was originally known as "Indian Oaks", now Aldrich Mansion. Weddings are held there now but it is famous for its beautiful marble staircase. There was also some type of Underground Railroad leading from the Great Tower at one time. One can see straight down Narragansett Bay, across to Portsmouth, Middletown, Newport and several bridges from the Mansion,

There are so many things to write about Warwick Neck, and Rocky Point Amusement Park, would have to be included, although it is closed now. It was one of the major attractions for years, but started out as a small camp site in the 1850's.

Warwick Neck has an ambiance that is hard to describe. It consists of many historical homes that have been in the family for generations and many newer luxury homes. The history of Warwick Neck lends to its charm and the affluent residents try to keep it as private as possible. This is where you want to live. It is not a place to ride around in, as every road leads to the water and is pretty much set up as private.

There are several homes on the market right now in Warwick Neck, but they do not stay on the market for long, even in this latest economy due to the exclusivity, and approximation to the Bay. The range starts at around $400,000 and waterfront is listed up to $3,000,000.

The other day I took a photo of a Stone home that I really like in Warwick Neck, because I always thought it would be a nice office space for Stonehurst Realty. Both photos came out with Rainbows so I could not use them in this post.