Top-5 Items to Prepare Your Home For Sale
Watch Hill RI Real Estate Blog
by Geb Masterson
7M ago
Maximizing your property's appeal during the peak spring home-selling season is pivotal for securing a swift sale at a premium price point. Here's an optimized guide to prepare your house to captivate potential home buyers. 1. Enhancing Curb Appeal: Make Your Home Stand Out Curb appeal is critical; it's the buyer's first snapshot of your home. A visually appealing exterior sets the stage for a positive viewing experience. Optimizing Tips: Landscaping Upgrades: Employ professional landscaping services to sculpt your garden into an eye-catching masterpiece. Front Door Facelift: A vibrant, fres ..read more
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Why Real Estate Is an Excellent Hedge Against Inflation
Watch Hill RI Real Estate Blog
by Geb Masterson
10M ago
In times of economic uncertainty, individuals seek avenues to protect their wealth from the eroding effects of inflation. Inflation, in simple terms, refers to the sustained increase in the general price level of goods and services over time, leading to a decrease in the purchasing power of money. As an experienced real estate professional, I want to explain why real estate is a standout choice as a hedge against inflation. This blog post will explore the concept of inflation, the historical performance of real estate against other asset classes during inflationary times, and why investing in ..read more
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How to Buy a Second Home: Top 10 Considerations for Optimal Investment
Watch Hill RI Real Estate Blog
by Geb Masterson
11M ago
Introduction: Second home ownership has long been the dream of many, whether as a peaceful retreat, a seasonal getaway, or a long-term investment. This dream can become a reality with careful planning and strategic decision-making. In this post, I delve into the top ten things to consider when buying a second home, with a particular focus on location and proximity to major metropolitan areas such as Boston and New York City. 1. Assessing Your Financial Standing The first step in buying a second home is to honestly assess your financial capability. Understand the additional costs, such as insu ..read more
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Living in the NY or Boston Metro Area? Looking for 2nd Home? 10 Reasons to Consider Watch Hill, RI:
Watch Hill RI Real Estate Blog
by Geb Masterson
11M ago
Location: Watch Hill, Rhode Island is almost equidistant from New York City and Boston, MA. This makes it a strategic location for people living in either of these cities who wish to escape the urban environment without spending an excessive amount of time on the road. (MAP ) Scenic Beauty: Watch Hill boasts natural landscapes that are both pristine and picturesque. With stunning beaches, untouched bluffs, and a lovely harbor, owning a vacation home here means immersing yourself in natural beauty every time you visit. (WH Info) Exclusivity: Watch Hill is a less crowded and more private locat ..read more
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Martha's Vineyard, Cape Cod or Watch Hill?, May 2023
Watch Hill RI Real Estate Blog
by Geb Masterson
1y ago
When comparing luxury real estate options in Rhode Island, Martha's Vineyard, and Cape Cod, Watch Hill, RI emerges as a compelling choice for a buyer coming from the Boston area. Here's a comprehensive analysis highlighting the factors that make Watch Hill a better buy in terms of value and convenience: Commute Times and Highway Access: Watch Hill offers a significant advantage in terms of commute times and highway access. Located in the southwestern corner of Rhode Island, it is approximately 90 miles from Boston, which translates to a manageable 2-hour drive. This proximity ensures conveni ..read more
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"Pocket Listings" - Benefit or Cost to Sellers?
Watch Hill RI Real Estate Blog
by Geb Masterson
1y ago
A pocket listing is a listing that is not ‘marketed’ through the normal ‘Multiple Listing Service’ (MLS) and usually not through the main real estate websites such as Zillow® and Trulia®. These are listings that agents and brokers have ‘in their pocket’ for their clientele that might be looking for such a property. If you are a Seller, and belong to a subset of the market such as a celebrity or a person in need of extreme privacy, then this possibly could be an option for you, but do not be encouraged to go this route and still plan on maximizing your selling price, as there is definitely a tr ..read more
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Ultra-Luxury Sellers Face ‘Stale’ Listings
Watch Hill RI Real Estate Blog
by Geb Masterson
1y ago
In the high-end market, more properties are lingering. Some sellers are having to reduce their prices in the ultra-luxury market, in the hopes of getting a quicker sale. Otherwise, those hoping to hold out for a higher price are finding they’re waiting not months but years to make a sale. For some, the waiting game is fine, though. “In most cases, my sellers don’t have to sell,” says Ann MacQuoid, a real estate professional with Berkshire Hathaway HomeServices. One of her clients in Park City, Utah, has a home listed for $10.9 million that has lingered on the market for a year and a half. The ..read more
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RI Real Estate Market Report, October 2022
Watch Hill RI Real Estate Blog
by Geb Masterson
1y ago
We are pleased to release the Rhode Island real estate single family home statistics for October 2022. The median asking price for new listings reached $400,000, while the median home price for sold listings reached $405,000. The supply of inventory decreased from 2.7 months to 1.4 months when compared to the same period last year. Additionally, the average days on market stayed the dame from October 2021 to October 2022 - 38 days. Single family home sale prices have stayed elevated year-over-year, likely due to significant lack of inventory. A balanced market should have about six months of a ..read more
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Watch Hill Real Estate, 12-Month Data, August 31, 2022
Watch Hill RI Real Estate Blog
by Geb Masterson
1y ago
Real Estate Sales Information from the Past 12-Months for the Watch Hill Fire District and the Avondale Area*. Please sign-up for regular notifications about local real estate information and data! Eight (8) Single Family Home Sales in the past 12-months (August 31, 2021 through August 30, 2022) For the Last 12-Months, properties sold at an Average of 159% of Assessment. High: 208% of Assessment for '20 Glen Way' Low: 119% of Assessment for '8 Oenoke Lane' Additional Stats: Average 3,213 Sq.Ft. (above ground) Living Area Average 4 Bedrooms and 3 Full-baths Average 58,915 Sq.Ft. Lot Size Av ..read more
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Watch Hill’s “Sandcastle” Hits the Market at $32.5 Million, Former Diocese Estate
Watch Hill RI Real Estate Blog
by Geb Masterson
1y ago
Wednesday, July 27, 2022 GoLocalProv Business Team Mott & Chace Sotheby’s International Realty has listed 8 Manatuck Avenue to market. This seaside estate is known as “Sandcastle” and is a once-in-a-lifetime offering in the village of Watch Hill. The property is listed at $32,500,000 and presented by Raymond Mott, Broker/Co-Owner, and Donna Simmons, Sales Associate, both of Mott & Chace Sotheby’s International Realty. Currently, the most expensive home for sale in Rhode Island, the c.1930 home, was owned by the Catholic Church for decades and has been elaborately renovated by the curr ..read more
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