Rhode Island Real Estate Corner: August 2010

Warwick foreclosures offer opportunity in a great city in Rhode Island.

Warwick foreclosures are a great deal in this wonderful city. Recently Warwick was named one of the best 100 cities to live in by Money Magazine.

Warwick Neck Light by Mark McHugh Warwick located in Kent County, Rhode Island. It is the 2nd. largest city in the Rhode Island just south of Providence. Warwick has an estimated population of 88,000 people and the average household income of $56,000.

Those looking to buy foreclosed homes in Warwick can expect to purchase the low to medium priced homes for the area. Locating bank owned properties in Warwick is easy to do. Simply go to Warwick Forclosures  for all the up to date properties in Warwick and Rhode Island.

 Why is it a good idea to buy a foreclosed property in Warwick? Well, the this part of Rhode Island boasts a great deal of employment and plenty of housing opportunities. There are still manufacturing jobs, retail, shipping and receiving, banking, and insurance.By purchasing a foreclosed property, you can expect to save 10-20% off the current market value.

I have helped many first time buyers buy foreclosed homes in the Greenwoodand Warwick Neck sections of Warwick.These areas are known to be great places to live and are highly sought after.

Savings can be as much as 20% off current market values according to RealtyTrac.

 Warwick foreclosures Mark McHugh

The most recent statistics of foreclosed bank owned properties in Warwick, Rhode Island : According to the state wide multiple listing service in Rhode Island, there are 569 single family homes on the market in Warwick. Of those, 27 are foreclosed or bank owned. Of these 27 homes, more than half are listed below $200,000.

 What is more staggering is the amount of pre-foreclosures or Short Sales in Warwick. Out of the 524 single family homes there are 94 properties that are on the market offered as short sales.

 Working with a Realtor who has experience and a team of professionals to help the process of buying foreclosed homes, bank owned property and short sale listings is crucial to a buyer's success. Mark McHugh of Slocum Realty has the knowledge and expertise to help all buyers and sellers of real estate attain their goals. Mark McHugh                              401-641-3842      markm@slocumrealty.com  

BUYWARWICK.COM

Mark McHugh the Ocean State Realtor 401-641-3842     Mark McHugh the Ocean State Realtor 401-641-3842   Mark McHugh the Ocean State Realtor 401-641-3842  Mark McHugh on Zillow

ZILLOW

 

Mark McHugh  Broker/Owner

Clearmark Real Estate

mark@clearmarkre.com  http://RhodeIslandRealEstateCorner.com/

"Providing a clear vision to attain your goals."

 

4060 Post Road Warwick, Rhode Island 02886

Comment balloon 2 commentsMark McHugh • August 04 2010 12:24PM
Warwick foreclosures offer opportunity in a great city in Rhode…
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Warwick foreclosures are a great deal in this wonderful city. Recently Warwick was named one of the best 100 cities to live in by Money Magazine Warwick located in Kent County, Rhode Island It is the 2nd largest city in the Rhode… more