Robert Adams Rhode Island Broker at Sankey Real Estate
Looking to Buy a Traditional Sale, Short Sale, or Bank Owned Home? Let us know.
Submit what you are looking to buy we will send you a link to properties that match your criteria.
After submitting your info to the left, your first step should be to get your financing lined up.
-If this is going to be a cash deal: we will need proof of funds to submit with the offer if we find a home you like. We will want this in hand when looking at homes. If we do not have this and we find a home you like we will not be able to submit an offer until we have it. In which time, we may lose the deal and be back to square one.
-If this deal will require financing: we will need to get a preapproval letter before looking at properties. This way if we find a deal we can write up an offer and submit it right away. If we don't have you preapproved and we have to wait a day or 2 to get you preapproved we may lose the deal and be back to square one. Feel free to use your own lender or we can provide you with the contact information for lenders we work with all the time. We recommend you shop around and see who you feel the most comfortable with and who can offer you the best deal on your loan.
The more you can tell us about what you are looking for the better we can assist you in finding the perfect Rhode Island Property.
Buying Rhode Island REO's/Bank Owned Homes
People are back to Investing in Rhode Island Real Estate. REO (Bank Owned Homes) in Rhode Island have been reduced in price so much that it has sparked the interest of the First Time Home Buyers and Rhode Island Real Estate Investors alike.They are taking advantage of insanely low interest rates and low prices on Bank Owned Homes. People also prefer to buy Rhode Island REO's/Bank Owned Homes over Rhode Island Short Sale Homes because once the bank owns the home and has it listed, they want to dump that inventory off of their books. This allows us to come in and purchase these homes within a 30 day escrow no problem. If you are a cash buyer we can often close in a matter of weeks. Many Real Estate Investors are buying up Rhode Island REO's/Bank Owned Homes with cash offers to maintain a strong Rhode Island Real Estate Investment Portfolio with Rhode Island Rental Properties bringing in positive cash flow monthly.
We have experience in dealing with the banks as sellers and we know how to get the deal closed. If you are interested in seeing what Rhode Island REO's/Bank Owned Homes are available in your price range simply submit your info in the contact form above and we will be happy to assist you with the purchase of your next Rhode Island REO/Bank Owned Property.
Buying Rhode Island Short Sales
Rhode Island Short Sales are another way to find some amazingly low Home Prices. A lot of the time we advise our clients to stick with Buying REO's/Bank Owned Homes or Traditional Sales because of the short escrow periods and the fact that you don't have to negotiate with the banks for a short payoff amount. However, if you have patients and persistence you can find some amazingly low deals on Rhode Island Short Sales. You need to be prepared for a few things when dealing with Rhode Island Short Sales. First, instead of the usual 30 day escrow you are looking at closer to 4-6 months in escrow. Secondly, you need to understand that there is no guarantee that the deal will actually close. Even if you wait 4 months for the lender to approve the deal, the lender may opt to not approve the deal/sales price and then we would be back to square one looking for another home. This is why I say you must be willing to be patient and persistent when trying to purchase Rhode Island Short Sales. You really are at the mercy of the bank in regards to response times, but we can make sure everything is done and well prepared on our end to expedite the deal as much as possible. We have experience in purchasing and listing Rhode Island Short Sales and we know how to deal with the lenders in order to get the best possible outcome for our clients. Submit the contact form above and please include what type of Rhode Island Short Sale Home you are interested in purchasing.