Zillow Advice RSS: Discussion-Guide,Home Selling,RI http://www.zillow.com/advice/RI/home-selling/discussion-guide/ Zillow Advice search results | Zillow Real Estate Smaller older towns are reviving - are they in your state or region? http://www.zillow.com/advice-thread/Smaller-older-towns-are-reviving-are-they-in-your-state-or-region/376993/ It seems as if more people are looking for a 'village" atmosphere, even in urban areas.&nbsp; Places where people recognize each other, whether bankers, grocery store clerks, car repair, city officials, hair stylists....where one is aware of being a part of a community.&nbsp; i see this happening in downtown Pawtucket, RI, a city that was grand half a century ago, and decimated by the movement of mill work to the South.&nbsp; Are other middle sized towns and cities noticing focus in the downtown?&nbsp; Besides buidling new complexes, are other places restoring older downtowns?&nbsp; how is it happening?<br \><br \>3 replies Mon, 06 Dec 2010 19:27:00 GMT http://www.zillow.com/advice-thread/Smaller-older-towns-are-reviving-are-they-in-your-state-or-region/376993/ 2010-12-06T19:27:00Z Pricing your home to sell in Warwick, Rhode Island. http://www.zillow.com/advice-thread/Pricing-your-home-to-sell-in-Warwick-Rhode-Island/361693/ Pricing your home to "sell" in Warwick is a better way to phrase the topic. The average time on market in Warwick is 76 days, with at least one price reduction along the way. The average listing price in Warwick is $263,000. as of July 2010, and the median home sale is $165,000. <br/><br/>So what's the magic bullet to get your property in Warwick priced right? Knowing the market, visiting open houses of similar listings prior to listing, and reviewing the recent sold property data. We all wish we could command the late 2005 prices for our properties, but the sea of change has washed the market and re set what values will be.<br/><br/>Pricing the property right early on will grant you the most return in the shortest amount of time in my opinion.<br \><br \>1 reply Wed, 11 Aug 2010 13:53:00 GMT http://www.zillow.com/advice-thread/Pricing-your-home-to-sell-in-Warwick-Rhode-Island/361693/ 2010-08-11T13:53:00Z Short sale or loan modification? What is right for you? http://www.zillow.com/advice-thread/Short-sale-or-loan-modification-What-is-right-for-you/360774/ <strong>Short sale, oh no! Or will a loan modification be better?<br/><br/></strong>Selling one's home is&nbsp; stressful enough with out the added confusion of whether it has to be sold or the current lien holder will allow a loan modification. Unfortunately seller's who have less equity than when they bought the property have to make a choice. First things first. Do not delay. Talk to your attorney, tax professional, and lending institution right away when the pressure gets too much. Like a fire, if you fight it early on, your chances of not getting burnt are better.<br/><br/>There are plenty of myths regarding both choices. The [link removed by moderator] can be demystified as more and more are finally getting closed. The loan modification is another story. I have heard of several clients of mine being able to work with their bank and get better rates or transfer to a fixed rate, but as I mentioned, it is important to talk early.<br/><br/>I hope the Zillow community of Real Estate professionals will chime in here and help sellers with the best decisions.<br/><br/>Thanks. <strong>[content removed by moderator]</strong><br \><br \>8 replies Wed, 04 Aug 2010 17:30:00 GMT http://www.zillow.com/advice-thread/Short-sale-or-loan-modification-What-is-right-for-you/360774/ 2010-08-04T17:30:00Z For Sale By Owner Issues http://www.zillow.com/advice-thread/For-Sale-By-Owner-Issues/346444/ This question is posed to the For Sale By Owners in Rhode Island.&nbsp; What kind of problems are you facing out there?&nbsp; And yes, I realize the onslaught of agents is a pain, but what other kinds of problems are you facing?&nbsp; How to find out if your buyer is a REAL buyer or are they just tire kickers?&nbsp; How about financing, does anyone offer financing options?&nbsp;<br \><br \>1 reply Wed, 21 Apr 2010 20:24:00 GMT http://www.zillow.com/advice-thread/For-Sale-By-Owner-Issues/346444/ 2010-04-21T20:24:00Z Listing a short sale and paying the mortgage http://www.zillow.com/advice-thread/Listing-a-short-sale-and-paying-the-mortgage/338418/ I want to sell my home but the realtor who came out suggested I could list it for $20K less than what I owe on the <a href="http://www.zillow.com/mortgage/">mortgage</a> and $33K less than what I paid for it (and never mind what I've spent on the roof, exterior etc). On the one hand I don't think she pulled the best comps and I do have another realtor coming tomorrow. If his data suggests the same I have few option:<br/>1. Try to rent it (which I don't think we could do for enough to cover the mortgage, taxes, and HOA fees.<br/>2. Try for a short sale<br/>3. Deed-in-lieu<br/>4. Just walk away.<br/><br/>We need to move. I've been out of work for 15 months and my husband is about to lose his job in June. That said we have NEVER paid the mortgage late. I did everything right - bought a place that suited my budget, not what I was approved for, had a down-payment, planned to stay for a while etc but then I lost my job. We're in a city/state with really high unemployment and so many foreclosures/short sales. We're not backed my Freddie/Fannie or eligible for any of the new programs because our lender is ING. I'm going to talk to them about modifying the loan and getting a lower <a href="http://www.zillow.com/Mortgage_Rates/">interest rate</a> but this isn't going to change anything except perhaps make renting the home out easier for us.<br/>So . . . since I've never been late/missed a mortgage payment I want to protect my credit as much as possible. I would ask the lender to close my loan with "paid satisfactorily" as opposed to "paid less than owed." If they approve the listing as a short sale, I assume I have to continue to make my mortgage payments? What if the short sale takes months - come June we're both out of work. If I stop paying the mortgage until (if) it sells this will appear on my <a href="http://www.zillow.com/mortgage-glossary/Credit-Report/">credit report</a> yes? Is there a way to negotiate with the bank to suspend payments while the home is listed for short sale?<br \><br \>3 replies Sun, 28 Mar 2010 12:53:00 GMT http://www.zillow.com/advice-thread/Listing-a-short-sale-and-paying-the-mortgage/338418/ 2010-03-28T12:53:00Z CNBC and WSJ question your reliablity..a I watn to know how can 2 neighboring houses http://www.zillow.com/advice-thread/CNBC-and-WSJ-question-your-reliablity-a-I-watn-to-know-how-can-2-neighboring-houses/254296/ cnbc and wsj question your relieablity and value. I cant figure out how 2 neighboring houses with identical stats--can differ by $100K --are you relying on court data.? or grouping neighborhoods so houses next to each other could be in differnt subsets..and why are you so secretive about how it is formulated??<br \><br \>3 replies Thu, 09 Jul 2009 12:48:00 GMT http://www.zillow.com/advice-thread/CNBC-and-WSJ-question-your-reliablity-a-I-watn-to-know-how-can-2-neighboring-houses/254296/ 2009-07-09T12:48:00Z