Sayer Regan & Thayer, LLP

REALTORS... tired of buyers delaying a closing when "time isn't of the essence"? FLEX YOUR REAL ESTATE MUSCLE and use this clause in your next P&S agreement and hold their feet to the fire.

15. LIABILITY FOR DELAYED CLOSING. In the event of a delay in closing as set forth herein, other than as provided for under the provisions of this Agreement, through no fault of the SELLER, beyond five (5) business days, then the BUYER will reimburse the SELLER from the sixth (6th) business day to the day of actual closing of title for the SELLER's carrying costs of said property, including taxes, mortgage interest, utilities and per diem interest on SELLER's equity in the Premises, which amount shall be calculated at the rate of 1/30th of 1% of the purchase price for each day of delay from the sixth (6th) business day up to the actual date of closing. Further, in the event of a delay in the closing by more than five (5) business days, through no fault of the BUYER, SELLER shall reimburse BUYER for carrying costs for temporary housing, temporary storage of personal property, living expenses and other miscellaneous expenses at the same per diem rate of 1/30th of 1% of the purchase price for each day of delay from the sixth (6th) business day up to the actual date of closing. [For example, the per diem cost of a $450,000 transaction would be $150 per day.]

Tracie Hall Real Estate Group Keller Williams Newport, Rhode IslandStatewide MLS of Rhode Island, Inc.Newport County Board of REALTORSNewport County Board of RealtorsFitzpatrick Team RE/MAX ResultsKeller Williams Coastal RealtyWelchman Real Estate Compass Rhode IslandThe Chris Woodard TeamThe Dowd TeamLila Delman Real EstateMott & Chace Sotheby's International RealtyHogan Associates Christie's International Real Estate

https://youtu.be/KP2Y49peEEM?si=71ixXAWIh23W4JUJ

Beyond the Rate with Samantha Currie and Adam Thayer

Come by and golf with us on August 26th to support a great cause. Michael LevinsonBrainsky LevinsonEric Brainsky

The Massachusetts HPE Charity, Inc The Massachusetts HPE Charity, Inc. is committed to raising funds that support Families for HoPE, Inc. and other charities and organizations that address the needs of families and children diagnosed with Holoprosencephaly (HPE), and other related brain malformations.

It feels like a lot of new listings coming on are real high so wanted to check it out. Here's List Price to Sales Price overlayed on total inventory vs sold inventory.

List Price to Sales Price is widening FAST. Look at that gap?! The complete lack of options helped incentivize sellers to come on high but we're seeing inventory priced well is the inventory that's moving.

Although median pricing has started to plateau, seeing inventory pull back again so quickly suggests closing prices will start creeping up closer to list prices by the end of the year. With a possible rate cut in September, it could suggest a good buying opportunity later this summer into the fall.

Any questions on the market or how to take advantage of this low inventory environment call/email anytime!

Come hang with the Sayer Regan & Thayer, LLP crowd and Samantha Currie Mortgage Services NMLS # 13528 of@Province Mortgage Associates, Inc. - NMLS # 2861 at the Lobster Pot in Bristol this Thursday night.

Real Estate & Refreshments Join us for an exciting networking event focused on real estate and refreshments! Refresh your headshot for $20.

https://youtu.be/iPTJM6Irxpk?si=rrdj_6bMyiAsjCMM

A+ content from Connor H. Dowd and The Dowd Team. Wire fraud and real estate (usuallly vacant land) scams are terrifying prevalent.

Don't Fall for This Real Estate Scam! 🔍 ✉️ Beware of wire fraud! 📞 Always phone verify any wire instructions. Stay safe! 🙌 ...

Melissa Green of Sayer Regan & Thayer, LLP honored by RI Monthly, winning their Excellence in the Law Award as a top attorney in the fields of estate planning, elder law, trust and estate administration, Medicaid planning, and real estate.

Mark Thayer making the family and Sayer Regan & Thayer, LLP proud by being recognized as a top lawyer in Rhode Island. Also the recipient of Valley Inn Restaurant 2023 customer of the year award, he continues to burn the candle on both ends and is an inspiration to future generations of attorneys and grey goose martini lovers.

ATTN RI Realtors:

REMINDER: New Lead and Rental Application Laws Take Effect on January 1, 2024
Owner-Occupied Properties Must Comply with Lead Mitigation Laws
Published Wednesday, December 20, 2023
As previously reported, new lead and rental application laws will go into effect on January 1, 2024.

For many years, owner-occupied two and three-family dwellings have been exempt from complying with lead hazard mitigation laws. This exemption will be eliminated on January 1, 2024.

It is legal to transfer real estate without lead certificates as long as the seller discloses this to prospective buyers and the buyers are prepared to bring the property into compliance with the lead laws. As the market shifts, buyers and cooperating brokers may wish to negotiate lead certificates for pre-1978 rental properties especially if tenants are already in place.

Some REALTORS® have asked how this will affect pre-1978 properties that go under contract in 2023 but will not close until 2024. The answer is the same. Rhode Island law does not prevent a seller from transferring a property without lead certificates.

What are the duties of the owner of a pre-1978 rental dwelling unit? Share this one-page fact sheet from the Rhode Island Department of Health with customers and clients.

The Rhode Island Association of REALTORS® has created a timeline to help you and your clients comply with this and other changes to the lead laws.

As a result of new laws relating to lead water pipes, purchase and sales agreements must give buyers a period of ten days to inspect for lead hazards if the property built before 2011 instead of 1978. RIAR has updated the RIAR purchase and sales agreements to comply.

For more information, please contact the RIAR Legal Department at 401-432-6945 or email [email protected].

Cap on Rental Application Fees

Starting on January 1, 2024, a new state law will prohibit landlords, rental agents, and property managers from charging application fees to rental applicants - with two exceptions.

Landlords and their representatives can legally charge applicants for the actual cost of conducting (1) a credit check or (2) an official government criminal background check unless the rental applicant has provided reports dated no more than 90 days before the date of the rental application. If the rental applicant is required to pay for a report, the applicant must be provided with a copy of it.

Even if the rental applicant provides timely reports, landlords and their representatives will have the right to conduct these and other checks at the landlord’s expense.

The RIAR Rental Application has been updated to comply with the new law. If you use your own rental application, make sure it complies with the law.

For more information, please contact the RIAR Legal Department at 401-432-6945 or email [email protected].

✨Check out this amazing condo in Portsmouth on Saturday from 11am to 12:30pm! ✨

Experience luxury at Carnegie Tower's Unit 1802, where elegance meets comfort. Spanning 1,800 square feet, this residence offers panoramic views of Narragansett Bay through floor-to-ceiling windows. With two bedrooms, three bathrooms, and an office/den, enjoy bespoke craftsmanship with custom cabinetry, granite countertops, and high-end appliances. Exclusive access to The Aquidneck Club's amenities includes a championship golf course and refined dining. Relax in the Olympic lap pool with private cabanas and outdoor spa. Concierge service, attended security gate, and covered garage parking ensure a seamless living experience. Elevate your lifestyle at Carnegie Tower, where sophistication reigns. This unit is very special being close to the top of the building & unique being the last unit available that is deeded with a private cabana and covered garage space!
📲(401) 285-HOME
📩[email protected]
🌎www.dowdteam.com

On The Market: A look at this weekend’s Open Houses across Newport County (May 11 - 12) Are you ready to seize the opportunity to find your dream home in Newport County? This weekend presents an exciting array of open houses, showcasing the latest surge in inventory. Despite recent challenges in the local market characterized by a shortage of available homes, there’s a promising tren...