Glen Reichard, Rhode Island & Southern Massachusetts Real Estate

08/20/2025

📢 Important Update on Rhode Island Conveyance Taxes 📢

Starting October 1, 2025, conveyance taxes will increase on:
Purchases of real estate, and Purchases of an interest in an acquired real estate company.

👉 Even if a purchase & sales agreement is signed before October 1st, the closing date determines the applicable tax rate.

💡 Key Points to Know:

Sellers are responsible for paying the tax (unless otherwise negotiated).
The tax rate depends on the purchase price recorded on the deed.

Here’s the breakdown:

02/03/2025

🏡 JUST SOLD! 🏡

Congrats to the new homeowners of 42 Franconia Dr, Cranston, RI 02920! 🎉
This charming 3-bed, 2-bath home with 1,286 sq ft of cozy living space has found its perfect match. 💛

Looking to buy or sell in Rhode Island? Let Glen Reichard with CENTURY 21 Limitless guide you every step of the way!
📞 401-396-7760
📧 [email protected]

01/09/2025

PCS ORDERS!! Are you looking to sell or buy in RI & MA, contact me today!!

01/09/2025

05/29/2024

The Barrington real estate market is experiencing significant growth, with rising median sale prices and properties selling quickly. This trend contributes positively to the market by increasing property values and attracting investment.

05/01/2024

📢JUST RELEASED📢

RI Housing just gave us an updated program bulletin notifying us of the following:

1️⃣Income limits have increased
-$134,320 (1-2 person household)
-$154,468 (3+ person household)

2️⃣Max acquisition limit has increased
-$838,592

3️⃣Extra Assistance Loan has increased
-Lessser of 6% of the purchase price or $20,000

4️⃣Extra Assistance Loan is now available towards down payment AND closing costs on 1-4 unit properties. Previously that was allowed on 1-2 unit properties and was limited to $9k towards closing costs only on 3-4 unit properties.

This will allow first time homebuyers more assistance during their home buying journey.

04/17/2024

Let's delve into this week's real estate data and compare it to last week's trends! 📈🏠

🔹 New Listings: indicating a slight decrease in properties entering the market.
🔹 Homes Under Contract: Saw a significant uptick from 350 to 434, suggesting heightened buyer interest and activity.
🔹 Homes Sold: Increased marginally from 190 to 198, indicating a steady pace of completed transactions.
🔹 Back on Market: Rose slightly from 12 to 17, suggesting some challenges in the transaction process.
🔹 Price Reductions: Notable increase from 82 to 106, signaling sellers adapting to market dynamics.

Exciting fluctuations in the housing market! Despite a slight dip in new listings, increased contracts signal strong buyer interest. Ready to seize opportunities? Stay informed and explore possibilities today! 🏡💼

04/01/2024

🏡📊 Real Estate Market Update! 📊🏡

Let's dive into this week's numbers compared to last week's to see how the market is shaping up:

🔹 New Listings: Slight decrease, but active inventory!
🔹 Homes Under Contract: Ongoing buyer activity.
🔹 Homes Sold: A positive sign for buyers and sellers!
🔹 Back on Market: Sellers remaining flexible.

Overall, the real estate market continues to show resilience and activity. If you're considering buying or selling, now is a great time to explore your options! 🏠💼

03/21/2024

🏡Real Estate Market Update 📊✨

Let's delve into this week's real estate data and compare it to last week's trends! 📈🏠

🔹 New Listings: There has been a decline in new listings.
🔹 Homes Under Contract: A marginal decrease in the number of homes under contract.
🔹 Homes Sold: There's been a rise in homes sold.
🔹 Homes Back on the Market: A notable decrease in homes returning to the market.
🔹 Price Decreases: The number of price decreases remains stable.

While there was a slight decline in new listings and homes under contract, the market saw a notable increase in homes sold. Additionally, there was a significant decrease in homes returning to the market, indicating greater stability. Price decreases remained consistent, suggesting a balanced market environment overall. 🤝 📊✨

02/07/2024

🏡 Rhode Island: Real Estate Update 📊✨

🌐 New Listings: The week kicks off with an energetic surge, boasting 339 new listings.

📈 Under Contract: Robustness prevails, with 300 homes maintaining their under-contract status.

🏠 Homes Sold: A noteworthy 193 homes found new owners, indicating positive momentum.

↩️ Back on Market: Only 12 homes made a return to the market, showcasing stability.

💰 Price Decreases: Pricing held steady, with 74 recorded decreases. 🚀📊🏠

Have questions or insights? Let's chat about your real estate journey! 🤝🏡 📊✨