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208 BELLEVUE AVENUE NEWPORT, RHODE ISLAND 02840 401�849�1800 PRUDENTIALPRIMENEWPORT.COM

Includes Local Event Calendar! $5,500,000

ML# 975045

Indian Avenue, spectacular country estate sits on over 10 private acres. New in 1993, modern amenities with the charm of tasteful villas found in France or Italy. Beautifully proportioned rooms: a great room for entertaining, gourmet kitchen, breakfast and family rooms, pool, separate guest quarters, terraces, barn, mature plantings and two car garage. There are distant water views

Black Stables Estate $3,200,000 ML# 950563 Set on 11+ Acres of prime equestrian fields, this property is located within a 64 acre private compound. The recently finished manor house enjoys water views across Sakonnet Bay and the estate includes a guest house, barn with 6 stalls and garden shed/ greenhouse. John Utz | 401-965-7337 | JohnUtz@PruNewport.com or Pila Pexton | 401-862-1977 | Pila@PruNewport.com $1,850,000

MLS# 959161

A rare opportunity for a luxury, custom, waterfront home. Gorgeous panoramic views from Beacon Rock to Fort Adams, then to Goat Island. Incredible master suite with huge marble bath. Deeded 37foot boat slip / 50ft upon availability. Truly special. Debra Sesnovich | 401-965-3434 | Debra@PruNewport.com $3,400,000

MLS# 971680

Spruce Acres Farm is comprised of 24.4 prime acres of land with development potential. The property includes a main residence, a caretaker's farmhouse, a barn and many outbuildings. Price includes MLS# 971679 and 971683. Karen Heagle| 401-632-6444 | Karen@PruNewport.com

Pila Pexton| 401-862-1977 | Pila@PruNewport.com

Voted Best Real Estate Agency in Newport County two years in a row by readers of Newport Life Magazine!

2008

&

2009

Search all properties listed using the Multiple Listing Service of Rhode Island at PruPrimeNewport.com

PORTSMOUTH

Heidi Drive $1,350,000 MLS# 979792 Direct waterfront residence set high overlooking the peaceful waters of the Sakonnet River. 5,667+ square foot 11 room Colonial residence offers an interior graced with bright light entertaining areas. Custom kitchen, Gunite Pool, spectacular Master Suite. Walking distances to Glen Farm a 700 ac sports and equestrian facility. Historic Newport a short drive away.

PORTSMOUTH

Spruce Acres

MIDDLETOWN

Newport Harbor

PORTSMOUTH

fine homes international

Rick Grosvenor | 401-862-1995 | Rick@PruNewport.com

MIDDLETOWN

Chaillot

November 2010


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MIDDLETOWN | CND | $329,500

PORTSMOUTH | VLD | $395,000 Wonderful opportunity to build on the last lot in the well‐ established sandy point farms. Gorgeous, private lot with views of the Sakonnet. En‐ joy the water view and cool breezes from this quiet location. Search ML# 971142 at PruPrimeNewport.com Karen Heagle 401‐632‐6444

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Living room and deck views over Narragansett Bay. Hard‐ wood floors, third floor master suite w/ water views. Granite kitchen, updated electric and plumbing. New replacement south facing windows. Turn key... Move in tomorrow! Search ML# 974551 at PruPrimeNewport.com Ann Sweeny 401‐862‐0083

NEWPORT| MF | $445,000 Point location, well maintained 3 family, up‐graded electric, separate meters, off street parking, fenced yard, one block from Battery Park which has fabulous views of the harbor. Search ML# 950114 at PruPrimeNewport.com Bill O’Hanley 401‐862‐3840 Bill@PruNewport.com

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PORTSMOUTH|LAND|$184,000 Easy commute off Island, yet five minutes to Newport. Elmhurst school district. Deed restricted to a minimum of 2000 sq ft. ISDS approval for three bedrooms with three bedroom sand filter and pump already installed. Search ML# 858342 at PruPrimeNewport.com Karen Heagle 401‐632‐6444

D RE NEWPORT | CND | $210,000 Affordable condominium located just off Broadway Newport. Origi‐ nal fir wood floors throughout, Full front‐to‐back living. The back door, off the kitchen leads to a breezeway & outside door into the backyard. Picnic table area and backyard fence. Search ML# 755822 at PruPrimeNewport.com John Utz 401‐965‐7337

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NEWPORT | SFM |$799,000 Don’t miss this gorgeous up‐ dated, 5 br, 3.5 bath colonial located in walking distance to Newport waterfront and close to Newport’s great restaurants! Boasts 2656 sqft of living space with 2 car garage, sunroom, gourmet kitchen and fenced in backyard. Search ML# 974868 at PruPrimeNewport.com Penel Murray 401‐855‐4946

MIDDLETOWN | SFM| $425,000

Search ML# 966381 at PruPrimeNewport.com Carmela Rourke 401‐862‐7862

CRANSTON | COM | $630,000 Location! Location! Atwood Avenue corner! C5 commercial lot. High traffic corner! Easy access! Property includes lot #'s 802,803,804,820 ,821. Search ML# 971312 at PruPrimeNewport.com Dina Karousos 401‐451‐6461 Dina@PruNewport.com

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! LD O S Fabulous location! Enjoy the ocean breezes in spacious backyard with 2decks (ocean view from upper deck) great for entertaining. 4BR 2.5baths,finished basement for guests/inlaw),garage,fp, hardwds&1st flr laundry. Restau‐ rants,shops and Newport nearby.

NEWPORT | COMM | $850,000 Tucker's Bistro, an upscale restau‐ rant in Newport's restaurant dis‐ trict, seats 75 and has a full liquor license. It conveys with almost all of the furnishings, collectibles, artwork, chandeliers, kitchenware equipment and real estate. Voted most romantic dining. Search ML# 976661 at PruPrimeNewport.com Irene Hubbard 401‐965‐3624

NEWPORT |CIL| $7.5/SF

Building is Grandfather zoned as a non conforming in a residential area. Old Trolley Barn. Concrete floor, post and beam. Great space, many possibilities, must see. Search ML# 931078 at PruPrimeNewport.com Bill O’Hanley 401‐862‐3840

MIDDLETOWN|CND|$318,800 Free standing unit backing up to woods, lots of privacy, two pat‐ ios, gas fireplace, freshly painted townhouse. Reduced to $339,000. Search ML# 932320 at PruPrimeNewport.com Diana Douglas 401‐662‐9476

PORTSMOUTH| SF |$1,350,000 Black point‐custom built spacious shingle style home located in one of Portsmouth's most desirable neighborhoods. Terrific water‐ views! Au pair/in‐law suite w/ sepa‐ rate entrance. Deeded beach rights/ mooring access. Inground heated guinite pool. Extra buildable lot avail‐ able separately—inquire.

Search ML# 965694 at PruPrimeNewport.com Dina Karousos 401‐451‐6461

Prudential Prime Properties | 208 Bellevue Avenue | Newport, RI | Tel 401‐849‐1800 | www.PruPrimeNewport.com


W NE NEWPORT | SF | $249,900 Great Investment Opportu‐ nity! Great Rental History 1st Floor. 2nd Floor Owner Occu‐ pied. 2 Units each with 2 Bed‐ rooms. Located minutes to Newport Hospital and Down‐ town Newport. Motivated Sellers! Search ML# 976794 at PruPrimeNewport.com Dina Karousos 401‐451‐6461

NEWPORT | CND | $375,000 Wonderful Waterview & Har‐ borviews from your deck, livin‐ groom and bedroom .Very well maintained. Wall to wall wool carpeting. Full access to tennis, swimming pool, 24 hr. security, walk to town. A perfect pied‐a‐ Terre for one or two. .Search ML# 955612 at PruPrimeNewport.com Penel Murray 401‐855‐4946

! NEWPORT | SF| $559,000 1870's mansard style cottage on large lot in a prime area of third street, quiet, yet close to down‐ town activity. 2br w stu/cl or 3rd br/ 1.5 ba, redone kitchen, off street parking and central air conditioning. A perfect pied‐a‐ terre on the point! Search ML# 964982 at PruPrimeNewport.com Rick Grosvenor 401‐862‐1995

NEWPORT | SFM| $399,000 Charming Cape with easy‐living floor plan. Original carved wood mantel, gas fireplace, hardwood floors. Formal dining room and eat in kitchen. Terrific closet space, new deck and fenced yard. One car garage and drive‐ way. Exterior recently painted. Search ML# 978313 at PruPrimeNewport.com Holly McLear 401‐855‐0485

QUONSET | IND| $184,500 Phase II is available for Pre‐Sale. Phase 1 is up and closing soon. 1200 SqFt footprint, 1584 SqFt including Mezzanine ‐ close to Rt's 4 and 1 on new Quonset Access Rd. also avail. as bare‐ bones for $169k. Great Loc. just off new Quonset access road! Search ML# 645883 at PruPrimeNewport.com Rick Grosvenor 401‐862‐1995

NEWPORT | CND| $129,900

NEWPORT | CND | $530,000 Premium Newport location on quiet street easy walk to Belle‐ vue, beaches spacious condo, gracious high ceilings, wooden blinds, custom shelves, 4fire‐ places light filled, large windows park like grounds & parking. Cen‐ tral a/c, energy‐star gas/fhw heat rolled marble tiles. Search ML# 965848 at PruPrimeNewport.com John Utz 401‐965‐7337

NEWPORT | CND | $435,000 Beautiful Harbor Views of New‐ port. Larger unit with 1300 sqft of space. Gated compound with security, pool, tennis, and park like grounds to enjoy year round surrounded by water. Easy walk into Newport and restaurants. Search ML# 957993 at PruPrimeNewport.com Holly McLear 401‐855‐0485

NEWPORT | CND | $225,000 Fresh bright wood‐floors, high ceilings & windows, granite & stainless, real dining room w/ built‐ins, Full front2back top floor expansion options: BR, BA, family room, exisitng dor‐ mer & window. Search MLS# 755018 at PruPrimeNewport.com John Utz 401‐965‐7337

NEWPORT|COMLEASE|$5/SF Fantastic visibility from bridge traffic, easy on‐ off is‐ land. Great retail location. Wide open second floor space could be used for sail loft. 3000 square foot storage section with 12 foot ceilings ML# 931110 Bill O’Hanley 401‐662‐9476 or Bill@PruNewport.com

Lovely unit in mint cond./new hw flrs throughout, prof.painted in neu‐ tral blending color/private deck overlooking garden area, easy ac‐ cess to unit off of bateman/cats allowed/heat & hot water included in fee. Walk to water, wonderful unit/calll today.

Search ML# 974788 at PruPrimeNewport.com Claire Velardi 401‐714‐2867

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NEWPORT |CND | $205,000 Charming open living space with pretty varnished floor and cozy fireplace.Unit rehabed in 2005 and everything is newish and in great shape and looks terrific. Easy first floor access from front or back private entrance. Small private deck and parking

Search ML# 977974 at PruPrimeNewport.com Holly McLear 401‐855‐0485

NEWPORT | COM | $109,500 2 units avail, will sell or rent se‐ perately. Both remodeled units, smaller unit 540 sq ft, larger unit. 1243 sq ft.total private covered entrance, easy to show, condo fees $601.65/mo includ‐ ing water & sewer. Search ML#966818 at PruPrimeNewport.com Bill O’Hanley 401‐862‐3840 or Bill@PruNewport.com

Prudential Prime Properties | 208 Bellevue Avenue | Newport, RI | Tel 401‐849‐1800 | www.PruPrimeNewport.com


Estates and Other Listings in Newport County Property Tour

All information derived from the Statewide MLS—Information subject to change and typographical errors.

"Plaisance", an elegant oceanfront manor in an exceptionally beautiful setting; cliff walk, oceanfront, west facing, with sandy beach front. A uniquely lovely diamond in the rough, managable in scale and size, beautiful rooms for entertaining. Listing courtesy of Lila Delman Real Estate

Privacy and unassuming elegance on 8+ acres of the Gray Craig estate's most magnificent grounds. Elegant home rebuilt in 2004. Living spaces open to patios, broad lawns, exquisite gardens. Quality craftsmanship, modern amenities, unique setting.

Listing courtesy of Lila Delman Real Estate

Waterfront with 190 ft of beach frontage on Sakonnet . 2+ Acres with 6 bedroom septic approval. House in need of renovation or demolition. Existing house footprint provides optimal proximity to the water.

WATERFR ON T

Indian Avenue Waterfront $2,595,000 Search ML# 955455 at PruPrimeNewport.com

MIDDLETOWN

Grey Craig $5,970,000 Search ML# 965242 at PruPrimeNewport.com

NEWPORT OCEAN

“Plaisance” $12,900,000 Search ML# 965718 at PruPrimeNewport.com

Listing courtesy of Gustave White Sotheby's Realty

FAIRHOLME Rare oceanfront offering. Frank Furness designed estate sited on 4+ breathtaking acres w/ carriage house, greenhouses, and one-of-a-kind swimming pool and pavilion. Exquisite interiors, Horace Trumbauer ballroom, brilliant seaside vistas.

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Newport Oceanfront! $18,000,000 Search ML# 961935 at PruPrimeNewport.com

Listing courtesy of Lila Delman Real Estate

Exclusive Indian Avenue, "Sea Stones" shingle style home new in 2007. Private beach, water views of the

Sakonnet towards the Atlantic. In ground pool, pool house, 4 ensuite bedrooms, plus bonus room w/ bath. Finished basement w/rec rm, wine cellar.. Listing courtesy of Gustave White Sotheby's Realty

Exclusive waterfront opportunity on Narragansett Bay. Custom design with gourmet kitchen, gallery style great room, home theater, & 1st floor Master Suite with exquisite detail. Enjoy every sunset from sparkling infinity pool.Marina slip avail. Listing courtesy of Lila Delman Real Estate

Prudential Prime Properties | 208 Bellevue Avenue | Newport, RI | Tel 401‐849‐1800 | www.PruPrimeNewport.com

CARNEIGE ABBEY

Carneige Abbey $5,200,000 Search ML# 961522 at PruPrimeNewport.com

IN DIAN AVE W ATER

Newport Estates $2,900,000 Search ML# 965906 at PruPrimeNewport.com


MIDDLETOWN |SF|$3,800,000 Waterfront Home on Easton’s Point "PARADISE" OCEANFRONT Home set on 1.55 acres with un‐ paralleled views of second beach and the Atlantic Ocean. Gourmet kitchen with top of the line appli‐ ances and fixtures, family room with fireplace, 2 story living room, guest room with ensuite bath. Search ML# 960714 at PruPrimeNewport.com Listing courtesy of Gustave White Sotheby’s Realty

NEWPORT | SF | $2,995,000

NEWPORT |SF|$4,900,000 Swanhurst Manor House Beautiful historic Swanhurst manor house on Bellevue Avenue. Completely restored to stunning elegance and fine detail, 10 fire‐ places, and formal rooms for gra‐ cious entertaining. 1.5 acres of lush mature trees and landscap‐ ing. Approved 3‐car garage plan. Search ML# 968151 at PruPrimeNewport.com Listing courtesy of William Raveis Chapman Enstone

Historic White Lodge. Graceful 1863 original bellevue avenue mansion and carriage house. Currently 12 apart‐ ments. Outstanding location and handsome architectural details ‐ ideal for return to sin‐ gle family or condos. Search ML# 953109 at PruPrimeNewport.com

NEWPORT | SF | $3,450,000 Luxurious living on a manage‐ able scale, styled after Rosecliff. Richly detailed, offering both grand and intimate spaces. In‐ credible master. Ample space for add 1st level br. Gated site with pool and terraces. Walk to beach. Expansion possibilities. Search ML# 955477 at PruPrimeNewport.com

Listing courtesy of Lila Delman Real Estate

Listing courtesy of Lila Delman Real Estate

NEWPORT | SF | $499,000 Completely restored Victorian with beautiful wood floors,doors,& moldings.Exceptional presence with new large front porch.New granite/ cherry kitchen w/original butlers pantry. 3rd floor bonus room or optional bedroom. Fenced back‐ yard.All new systems. Search ML# 969903 at PruPrimeNewport.com Listing courtesy of Lila Delman Real Estate

NEWPORT | SF | $4,990,000 Sweeping views of beaches,ocean, dramatic coast compliment splen‐ did interior spaces of SEABEACH, a superbly sited Ogden Codman‐ designed estate on Ocean Drive. Tall Palladian windows bring sun‐ shine into 23 grand rooms. Prop‐ erty incl. 4‐bd guest house. Search ML# 942598 at PruPrimeNewport.com

MIDDLETOWN | SF | $4,750,000 Rhode Island's premier beach house! Let the outside in at this oceanfront wonder. Living room windows disappear into the floor to create an astonishing beachfront effect. Open floor plan, mahoghany & Calgary River rock features. Truly a wonder! Search ML# 971721 at PruPrimeNewport.com

Listing courtesy of Lila Delman Real Estate

Listing courtesy of Gustave White Sotheby’s Realty

NEWPORT | SF | $665,000 Condo: Roomy and gracious, this historic condo is just steps from Bailey's Beach & Cliff Walk. Reno‐ vated interior includes 40x20 living area w period fireplace & dramatic ocean views. Elevator access. In‐ cludes garage. Attractive price in‐ vites comparison. Search ML# 938653 at PruPrimeNewport.com Listing courtesy of Hogan Associates

NEWPORT | SF | $675,000 Beautifully restored one level newport cottage walking distance to beaches, cliff walk and town. new kitchen and stunning baths, hardwoods, spacious living rm w/ fp.fenced yard. Attached in‐law 2 rms w/fp and large bath w/private patio.motivated seller. Search MLS# 968338 at PruPrimeNewport.com

NEWPORT |MF| $549,000 Grand Victorian beauty in prime Kay/Broadway location.Character and charm throughout. Hard‐ woods, stain glass, refurbished windows, eat‐in‐kitchen, spacious patio with 2 car garage. Used as a single family, but easy third floor rental.True GEM! Hurry! Search ML# 968158 at PruPrimeNewport.com

Listing courtesy of William Raveis Chapman Enstone

Listing courtesy of Keller Williams East Bay

NEWPORT | SF | $1,795,000 This stunning home in The Point is a remarkable restoration of a concept piece for the Ameri‐ can"Shingle Style"by Charles McKim. Finished with gracious open living spaces, highest qual‐ ity workmanship, materials & latest amenities, an updated classic. Search ML# 948683 at PruPrimeNewport.com Listing courtesy of Lila Delman Real Estate

NEWPORT | SF | $879,000 ABSOLUTELY PERFECT. Beauti‐ fully renovated with wonderful custom wainscoting, crown molding, new kitchen, baths and addition including sitting room w/ fireplace. Walk to beach, Bellevue Ave, Harbor shops, and restaurants. Search ML# 976663 at PruPrimeNewport.com Listing courtesy of Gustave White Sotheby’s Realty

Prudential Prime Properties | 208 Bellevue Avenue | Newport, RI | Tel 401‐849‐1800 | www.PruPrimeNewport.com


R E N TA L L I S T I N G S Looking to Rent a Home or Lease your Property? Prudential Prime Properties can help! Prudential Prime Properties specializes in Yearly & Short‐term Rentals, Vacation & Summer Rentals, and Military & Executive / Luxury Rentals in Newport, Middletown, Jamestown, and Portsmouth, Rhode Island.

YEARLY RENTAL

YEARLY RENTAL

WINTER/SHORT TERM RENTAL

Yearly Furnished Rental. Moorland Farm Townhouse. 3 bdrm, 2.5 bath with 1 car attached garage. Hard‐ wood floors, FP, and private patio. Pool, tennis, and Fort Adams State Park within a 5 minute walk. $2500mo+ yearly. Available: Immediately

Fabulous unfurnished condo on the water. Spacious 2 bdrm, 2 bth,(1150 sqft), big new insulated windows. Coin‐op laundry, free water. Sea‐ sonal pool, tennis and basketball court. ($1400/mo + utilities— yearly). Shorter term available, price negotiable. Available: Immediately

Can be unfurnished, fully or partially fur‐ nished or Long Term Rental. This unique property offers fabulous lush grounds with mature trees and plantings and a waterview from the large deck, an office or guestroom in addition to 3 large bed‐ rooms, whirlpool/jacuzzi tub with sepa‐ rate shower in Master Bath, several fire‐ places, cathedral ceilings, spacious rooms with multiple uses as livingrooms, dining rooms, sitting areas, library, office, etc.

Contact: Holly McLear 401‐855‐0485 Holly@PruNewport.com

Contact: Holly McLear 401‐855‐0485 Holly@PruNewport.com

Available: Immediately Contact: Carmela Rourke 401‐862‐7862 Carmela@PruNewport.com

WINTER RENTAL Wonderful 4 bedroom fully furnished townhouse winter rental, located in the heart of downtown Newport. Harbor views, off street parking, available September through May 2010. Rental Fee $2300.00 per month plus utilities. Available: Immediately Contact: Penel Murray 401‐855‐4946 Penel@PruNewport.com

Calendar of Special Events—November Nov 1 - Nov 30, The Abstract in Realism, Newport Art Museum, 76 Bellevue Avenue, Newport, RI

array of creative menus. $16 for a three-course lunch and $30 for a threecourse dinner.

Riley, Simpson and Gaucher-Thomas share a strong sense of composition, an appreciation for mystery, and an approach to their representational paintings Nov 11 - Nov 15, US Ladies Open - Court Tennis, International and drawings that incorporates many of the characteristics we usually associate Tennis Hall of Fame & Museum, 194 Bellevue Avenue, Newport, with abstract art. RI For more information call (401) 849-6672

Nov 4, 11, 18, 27; Murder at the Museum, Newport Art Museum and Art Association, 76 Bellevue Avenue, Newport, RI

A 90 minute family friendly interactive Murder Mystery show. Held in the Newport Art Museum's 1864 mansion, this show offers a new an exciting way to see the Art Museum. Search for clues, question suspects and find a killer! Just don't end up the victim. . . Tickets $30 for Adults & $15 for 17 and under. All shows 7pm - Except 11/27/10 when it is at 5:30pm. Phone: 401-848-8200

Nov 4 - Nov 5, Nov. 11-12, Downtown - An evening of Cabaret & Humor, Newport Grand Slots - Event Center, 150 Admiral Kalbfus Road, Newport, RI

Newport Grand Slots presents an evening of Cabaret song..featuring the great american musical composers. Thursdays & Fridays at the Newport Grand Slots Event Center. Showtime 8pm. $15 tickets For show ticket information visit or website or call 401-608-6777. Portions of ticket sales help support Child and Family Services of Newport County.

Nov 5 - Nov 14, Newport Restaurant Week Fall, Newport & Bristol County, RI

Phone: 401-845-9123 Toll Free: 800-976-5122 Fax: 401-849-0291 A three-course meal from some of the finest area restaurant without breaking the bank! From a steaming cup of chowder overlooking the harbor to fine dining in romantic restaurants, Newport & Bristol County restaurants offer an

Nov 12, 19, 26; Holiday Lantern Tour, Museum & Shop at Brick Market, 127 Thames Street, Newport, RI

Celebrate the authentic history of winter holiday traditions on a lantern-lit stroll through Newport's streets, including a visit inside the c.1697 WantonLyman-Hazard House. Tour departs at 5pm and lasts approximately 75 minutes. It costs $12 per person, $10 for Newport Historical Society members, and $5 for children ages 12 and under. Reservations strongly suggested. 401-8418770

Nov 20 - Nov 30, Christmas at the Newport Mansions, The Breakers, The Elms & Marble House, Bellevue Avenue, Newport, RI Make holiday memories with your family by visiting The Breakers, The Elms and Marble House, all decorated for the holidays and open daily for tours. Visit our website for operating hours and special events, and to purchase tickets. All properties closed Thanksgiving and Christmas Day.

Nov 26 - Dec 3, Island Moving Co.'s "Newport Nutcracker at Rosecliff", Rosecliff Mansion, 548 Bellevue Avenue, Newport, RI

Island Moving Co.'s "Newport Nutcracker at Rosecliff" combines a classic holiday tradition with the grandeur of Newport's mansions to create a memorable holiday experience. Tickets range from $65-$80 with special pillow seats at $35 for children ages 5-10. Tickets on sale October 1st at www.arttixri.com.

Prudential Prime Properties | 208 Bellevue Avenue | Newport, RI | Tel 401‐849‐1800 | www.PruPrimeNewport.com


Make Your Offer Stand Out Real estate consumers are realizing that there has rarely been a better time to buy a home. In fact, historically low mortgage rates coupled with lower home prices have even sparked bidding competition in markets around the country. A good home in a solid location may attract ample attention only hours after being listed. Home buyers can make their offers stand out from the rest through one or more of the following strategies: Price. Obviously, price tends to be the primary consideration for sellers. When you’re competing for a home, to get an edge, think about adding a clause stating that you will beat the highest offer by “x” dollars up to “x” amount. Cash offers can be more attractive to sellers as well. Although sellers will receive their money at closing whether buyers pay with cash or take out a loan, cash offers don’t require lender approval. Financing. It’s not enough to be pre-qualified. Pre-qualification only tells how much you can afford. Preapproval goes a step further. Your lender will thoroughly evaluate your application—including verifying employment information and financial disposition—then clear you for a loan of a determined amount. Having your loan preapproved gives you a sizeable advantage by putting you on equal footing with cash buyers. Good Faith Deposit. Buyers offering a largerthan-customary amount of “earnest money,” a deposit that accompanies an offer, may get a seller’s attention. By committing more money up front, buyers demonstrate greater sincerity and motivation to close the transaction. Your real estate professional can guide you as to the appropriate sum for your specific transaction. Contingencies. Consider minimizing contingencies, those clauses that allow buyers to back out of a contract if certain conditions are not met. For example, it’s common for buyers to make the purchase contingent upon their securing satisfactory financing. Obviously, offers with

NEWPORT | MF | $995,000 Corne St Church, situated on beauti‐ ful Historic Hill,is perfect for conver‐ sion into a unique private home with guest apartment or legal two family with excellent rental history. Two private couryards and three parking spaces,original hand made organ Search ML# 945079 at PruPrimeNewport.com Courtesy of Gustave White Sotheby’s Realty

NEWPORT | CND | $359,000 Priced below assessment! Great 2 bedroom townhouse condo in the middle of Downtown Newport with 2 fireplaces, off street parking and a deck!!! Wow this condo offers all the amenities you could want! Enjoy your summertime in Newport. Search ML# 969271 at PruPrimeNewport.com Listing courtesy of Keller Williams of Newport

the fewest conditions tend to be more attractive to sellers. From a contingency standpoint, first-time buyers are often better prospects for a seller’s home than moveup buyers. That’s because first-time buyers’ offers are not contingent upon the sale of a present home. Even if a move-up buyer has an offer in hand, that buyer’s offer may be contingent on another contingency, and so on down the line. If one transaction derails, they all might. Relationship. Help the seller get to know and identify with you by looking for ways to connect. Find common interests, such as a shared appreciation of gardening. You can then persuade the seller that her prize roses will be well tended. Share brief family stories. The more the seller gets to know and like you, the better chance your offer will stand out in a competitive environment. Considerations for Short-sale and Foreclosure Transactions – Bank-owned properties represent a significant portion of today’s housing inventory. Competition can be most keen for these homes as their prices can run 10% to 20% below current market value. Banks conduct extensive research to set these prices and generally base them on current market value less the cost of required repairs. Make your offer based on your own check of comparable sales and other due diligence. Banks won’t get offended by a low offer, yet a realistic offer will more likely keep you in the running. Remember, patience is essential when buying bank-owned property as the process can take up to six months and longer. Work with your local Prudential Real Estate sales professional to buy your dream home or investment property. His or her knowledge, skill and expertise will help you make sound real estate decisions today or any other time.

NEWPORT | CND | $1,175,000 Exceptionally renovated at Tudor Lodge. All new, inside and out. Private decks, pool, central air ‐ all in an ideal location in New‐ port! Search ML# 976331 at PruPrimeNewport.com Listing courtesy of William Raveis Chapman Enstone

NEWPORT | CND| $719,000 Spectacular townhouse condo with amazing details throughout! Over‐ looking the Elms Mansion, this unit offers a custom center island kitchen, original maple flooring, 13' ceilings w 8' windows offer great lighting, roof top observatory w the best views. Search ML# 966179 at at PruPrimeNewport.com Listing Courtesy of Keller Williams of Newport

Prudential Prime Properties | 208 Bellevue Avenue | Newport, RI | Tel 401‐849‐1800 | www.PruPrimeNewport.com


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The Prudential Prime Properties Team

Pete Peters 401401-225225-2516

Carmela Rourke Karen Heagle 401401-862862-7862 401401-632632-6444

Sue Sullivan 401401-225225-4562

Rick Grosvenor 401401-862862-1995

John Utz 401401-849849-9731

Carrie Slee 401401-862862-0881

Ann Sweeny 401401-862862-0083

Kristin Parella 401401-450450-9026

Claire Velardi 401401-841841-5748

Terry Grosvenor Holly McLear 401-849849-0485 401401-847847-5332 401-

Irene Hubbard Laurel A. Curtis 401401-965965-3624 401401-569569-0989

This offering is subject to errors, omissions, prior sale, price change, or withdrawal without notice.

Bondi Macomber 401401-369369-3126

Bill O’Hanley 401401-862862-3840

Debra Sesnovich 401401-965965-3434

Penel Murray 401401-849849-1800

Diana Douglas 401401-662662-9476

Pila Pexton 401401-862862-1977

Ruff Meadows 401401-439439-5814

Nina Dotterer 401401-842842-7671

Dina Karousos 401401-451451-6461


Pick Up Brochure November 2010