Dear Monty column: Nine steps to take when pricing your home for sale – Business – providencejournal.com

Columns share an author’s personal perspective.

 

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Reader Question: We are planning to sell our home. In researching the subject, the standard advice is to call a real estate agent. We get that, but from a potential seller’s point of view, that is very simplistic advice. How do you suggest someone selling their home go about it?

Monty’s Answer: You are asking about what is likely your largest single investment. We take time to shop at the grocery store to save pennies on items that cost very little money when compared to your home. Still, many people do not want to invest any time determining how to protect the equity in their homes when the time comes to move on. “Call a real estate agent” is standard advice, and many home sellers do

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Study: Solar projects driving down home values in R.I. suburbs – News – providencejournal.com

PROVIDENCE — Opponents of the development of large solar installations in rural and suburban Rhode Island argue that sprawling tracts of photovoltaic panels mar the character of their communities.

They worry that in many cases construction of the industrial energy projects mean clear-cutting acres of woodlands or building in open fields, leading to a loss of prime green space.

Now, it looks like they have something else to be concerned about.

After analyzing thousands of property sales in Rhode Island and Massachusetts over a decade and a half, economists at the University of Rhode Island have concluded that solar development is having a negative impact on nearby home values.

Corey Lang, associate professor of natural resource economics, and doctoral student Vasundhara Gaur found that prices of homes within a mile of a solar installation declined by 1.7%. Homes within a tenth of a mile went down by 7%.

Some of

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Real Estate Q&A: Is it a bad idea to buy a foreclosed home? – Lifestyle – providencejournal.com

Q: We are looking at a home in a great neighborhood but are nervous because the house was foreclosed by the bank, which is now selling it. Is this a bad idea?

— Jackie

A: Foreclosed homes sold by lender’s “REO” or real estate owned department can be bought at a favorable price, but there can be some downsides.

The same can be said for foreclosed homes bought by real estate investors on the courthouse steps.

If you take these potential issues into account, you could end up paying an excellent price for your new digs.

REO purchase contracts are very one-sided, so be sure to review the terms carefully. It would help if you also considered that your seller never lived in the home and might not have even visited

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