RI Short Sale Offer Needed | Wickford RI Home for Sale

RI Short Sale Offer Needed | Wickford RI Home for Sale

141 Stone Gate Drive

Bank is Waiting for the Right Offer

One thing home buyers need to know in a RI short sale is that a good price offer is needed to move forward with a short sale with any lender holding the mortgage.  This Wickford RI home for sale at 141 Stone Gate Drive is a great 5 bedroom, 3.5 bath home within the town of North Kingstown waiting for the right offer from a pre-qualified home buyer.

RI Short Sale Offer Needed | Wickford RI Home for Sale

 Why do I as the listing agent need a pre-approval from a lender for a buyer?  A short sale buyer needs to be able to qualify for a mortgage at the listed short sale property price, be able to ‘hang in’ for at least 3-4 months while the negotiators negotiate with the bank on the sale for the seller and be committed to buy the property.

When making an offer on a short sale property you need to know the following as a home buyer:

                – Does the listing agent know and has handled multiple short sales?

                – Is the short sale priced to the current real estate market

                – Are there more than one lender having liens on the property?

                – Is there a negotiating legal team in place to handle the short sale?

                – Is the short sale property in a flood zone?

               – Are there outstanding assessments not paid on the property?

                – Are there liens, besides the mortgage, on the property?

RI Short Sale Offer Needed | Wickford RI Home for Sale

These are just a few of the items you need to know about when a short sale is at hand.  Lucky for you on this Wickford RI home for sale, I have taken care of addressing all the points and can guide a home buyer successfully through this process.  Knowledge is power in the short sale arena.

Now this Wickford RI home for sale has a huge yard with 3/4 acre and 250 feet frontage, dining room, living room, great room, 1 car garage with loft space, a possible in law apartment on the first floor of the home, hardwoods upstairs, updated kitchen with corian counter and maple cabinetry, newer central air and a 2006 4-bedroom septic (ISDS) system, gas heat and more.

If you do not have a lender yet, please call me and I will give you some reputable loan officers names to call.  A pre-approval is a must before looking at a short sale.  Interested and qualified?  Call me today at 401.529.7849.

This house needs a solid bona fide offer to get the short sale moving with the bank!  Are you the the buyer to do it?!

UPDATE:  As of January 2015 we have a bona fide offer submitted to the bank.  Back up offers are being entertained by the seller.  Thank you!

RI Short Sale Offer Needed | Wickford RI Home for Sale


Ginny Lacey Gorman is your go to North Kingstown Rhode Island waterfront real estate agent for southern RI real estate and beyond…knowing the geographic area, schools, happenings and important tidbits of local information. Email her at Ginny@RiHouseHunt.com to make an appointment to discuss your real estate needs.
Waterfront, oceanfront, luxury and coastal Rhode Island real estate are my specialty but all of RI is my backyard.  When you are in need of a real estate professional and specialist for your buying, selling or relocating needs and an internet savvy marketer who sells RI houses in this real estate market, call Ginny Gorman at 401.529.7849 today.