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Sparkly Red Shoes in North Kingstown Real Estate

Staying in touch with the local market in housing and hot topics that impact homeowners is my goal here. As a southern RI real estate agent, I do believe there is 'no place like home' and my sparkly red shoes are my trademark in this journey. Flag as Inappropriate

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. What's on your mind? What's on your mind? Make an announcement, speak your mind, or sell something
Posts awaiting your approval 0
Peter Galvin November 24, 2013 at 11:37 am
Ginny, in response to my comment on your prior blog on this topic, you mentioned that a floodRead More addendum is now required on all property agreements. Could you post a web link to that requirement? Thanks.
Ginny Lacey Gorman November 24, 2013 at 12:19 pm
Peter, that addendum is for RI association of realtor members and is their legal form. There is noRead More link to access it for non-members. However, it basically informs buyers that it is up to buyers of any property to check with their insurance company on whether or not flood insurance is required besides homeowners insurance. Also, that whatever a present owner pays will not be the same as the new buyer. Also, a buyer may amend the purchase & sales contract now to include as part of the Inspection contingency, the determination of flood zone or not. It is to PROTECT the buyer and all real estate agents are now required to use it. Hope this helps. You can always contact me for further info. ginny gorman
Ginny Lacey Gorman January 6, 2014 at 10:07 am
Peter, here is a link to the Flood Addendum I wrote a post on...it shows you the form too:Read More http://www.rihousehunt.com/ri-real-estate-transactions-require-flood-insurance-addendum/ it is shareable! thanks & hope it helps. Ginny
Robert E November 10, 2013 at 05:12 pm
What Did Hurricane Sandy Teach Us on Flood Zones? The same thing the Hurricane of 1938 and HurricaneRead More Carol in 1954, Nothing. Every major storm houses along the shore are destroyed then we ask federal taxpayers to bail us out for our stupidity. We take that money and rebuild on the shore again. From now on everybody should be on notice. If you want to build on the waterfront you are on your own we will no longer bail you out. If you want to put your property in danger don't expect me to help you when Mother Nature wipes you out.
Barbara November 11, 2013 at 09:01 am
While I think this is a good article, I have yet to see a listing for any waterfront property thatRead More appears to be "nearly worthless" in value. Buyer beware, folks.
Ginny Lacey Gorman November 11, 2013 at 09:23 am
Barbara, the article in no way implies waterfront property is not valued. It will be valuedRead More differently depending upon the flood insurance costs that a homeowner needs to pay...this does impact value. We have already seen that happen in sales this month in Newport and Charlestown. Elevation is key and costs can be kept down by abiding by coastal requirements that can greatly reduce ones flood insurance. We have a gorgeous coastline and towns/state need to come up with more effective ways to help with manageable flood insurance costs for homeowners. Being knowledgeable in this area helps the coastal homeowner.