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What is a Short Sale in Real Estate?

short sale

In the real estate world, a short sale refers to the sale of a property at a price that is lower than the mortgage value. The process involves the homeowner convincing the mortgage bank to approve the sale so the homeowner can get out of the mortgage. Once the sale is made, the bank either forgives the deficiency (the remaining amount due on the mortgage) or asks the borrower to pay part or all of it. The sale proceeds always go to the bank.

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Homeowner Tax Deductions for Rhode Island Residents

homeowner tax deductions

Please note this article is not intended to provide tax advice, it is strictly for informational purposes only. We encourage everyone to consult with a tax professional for all of their tax-related questions. For more information on tax implications and homeownership, visit

According to Benjamin Franklin, “nothing can be said to be certain, except death and taxes,” and as we are quickly approaching tax season, it’s time to be looking for ways to save on those taxes. Homeowner tax deductions are one of those ways, offering many potential tax write-offs, some that are often overlooked.

With Rhode Island being the 10th highest state in property taxes, with an average of 1.53%, homeowners are looking for ways to reduce these taxes as much as possible. Let’s look at some of the options that are available to Rhode Island property owners.

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How to Find Out if There Is a Lien on Your Property

property lien search

Imagine finding the perfect buyer for your home. The paperwork is being drawn up, you’ve started packing, a property lien search is being done, and the closing date is coming up quickly. Right before closing, you get a call. There’s a lien on your home. The buyer isn’t sure he wants to buy your house now, and you’re left trying to figure out what happened and having to find a new buyer.

Buying or selling a home with a property lien can bring the transaction to a halt. It leaves everyone scrambling to find out what to do next.

By conducting a property title search before you sell your house, you can avoid these unpleasant surprises or create a plan to take care of any liens on your property. Here’s what you need to know about a lien search.

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The Documents You Need to Sell a House

selling a house

Sellers checklist: All the documents you need to sell a house

Selling a house should be straightforward and simple. Unfortunately, it rarely isn’t, as you must complete several documents needed to sell a house.

If you’re ready to sell, here’s a checklist of all the necessary paperwork for a faster, smoother transaction.

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What is a Duplex?


What Is a Duplex?

A duplex is something of a hidden gem in the investment property world. It can produce strong value growth and healthy rental yields, sometimes at half the price of similarly located detached houses. Duplexes are popular among renters too — according to the National Multifamily Housing Council, around 17 percent of renters live in a duplex, triplex, or quadplex. But what exactly is a duplex property, how does it differ from an apartment or townhouse, and is it all too good to be true? Read our short guide to duplexes to understand everything you need to know about this unique property type and whether it is the best option for you.

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What is an Accessory Dwelling Unit (ADU)?

accessory dwelling unit

A Complete Guide to Accessory Dwelling Units (ADUs)

Accessory dwelling units (ADU) are also commonly known as in-law apartments, granny flats, or in-law suites. You’ll probably come across other names for ADUs such as basement apartments, companion units, guest houses, and pool houses, depending on where you live.

A recent study by NAHB revealed that accessory dwelling units gained a lot of popularity in 2019 compared to the previous year, owing to a growing number of home renovations involving ADU constructions. Moreover, the number of first-time property listings with granny flats has snowballed over the last decade all across the country.

Unfortunately, there is a lot that many homeowners, buyers, sellers, and renters do not know about ADUs. It’s about time you learned all there is to know about accessory dwelling units in Rhode Island — what it means to have one, what it takes to build, and all the legal requirements and processes involved in erecting an ADU structure.

This article takes an in-depth look at ADUs and what you should consider when constructing an additional housing structure on your property. Let’s dive in, starting with the very basics and building up from there.

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Dog Parks in Rhode Island

dog parks in ri

The Best Rhode Island Dog Parks

When the days get longer and the weather starts warming up, there’s nothing quite like getting outside and enjoying all the beauty that nature has to offer. And that includes Rhode Island’s beautiful dog parks!

It doesn’t matter if you’re just passing through or if you call this beautiful state your home – Rhode Island offers a plethora of welcoming dog parks for you and your furry friend to enjoy. Pamper your pup by taking him to a place where he can stretch his legs, socialize with other dogs, and enjoy some time quality bonding time with you.

Ready for some fun? Here are ten great dog parks in RI that you won’t want to miss.

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10 Mortgage Questions You Should Ask Your Lender

mortgage questions

Purchasing a new home can be overwhelming, especially if it’s your first time. Proper preparation is vital, and this includes asking the right mortgage questions. Given that moving house is consistently ranked as one of the most stressful life events, anything you can do to minimize this stress will make the process run more smoothly.

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The Best Places to Consider Living in Rhode Island

living in Rhode Island

With the smallest state size in the country and a thriving dairy industry, Rhode Island attracts new residents from across the United States. Whether you’re heading here for the top-rated schools, a more peaceful existence, or the best clam chowder in the world, it helps to know where to live.

If you want to learn more about living in Rhode Island, you’re in the right place. We’ve put together this guide to help you learn more about RI living and discover the perfect area to buy your next home. No matter what your budget or lifestyle needs, we’re confident there’s a location on this list for you.

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How Much Does it Cost to Build a House?

building a brick house

Building a House – An In-Depth Look Into the Work and Cost It Entails

Given a choice between shopping around for a new home and building a house from scratch, with all things being equal, we’re guessing you’d rather build your house. This is quite understandable since finding a pre-built or existing home that ticks all the boxes in your list of must-haves can be difficult and time-consuming.

In fact, you may find one that looks picture-perfect but is way out of your budget, or a house that looks promising but whose price can balloon far out of proportion when you start computing for remodeling expenses and upgrades.

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