Featured Home: Turnkey Buttonwoods Ranch on Vera Street

The featured home is provided each week by the Matt Patty Team with Keller Williams. To receive a free, instant home valuation of your property check ridreamhome.smarthomeprice.com.Warwick, R.I. — This weeks featured home is another great value in Buttonwoods — a ranch at 103 Vera St. listed by Keller Williams Realty for 179,900.The property is a 1,172 sq. ft.,  2 bed, 1 bath home with an attached garage.  It’s an ideal fit for someone looking for a spacious master bedroom, close proximity to the John Wickes school, a fenced in lot and recently updated kitchen, bathroom and mechanicals.  Who do you know that you would like to see in Warwick?  Maybe you could refer them to a local Realtor who could show them this property.

Overall, the market in Warwick has remained white hot.  Prices are up and inventory is down.  The sliver lining for buyers is that interest rates are also still at all time lows, which is keeping homes affordable.   If interest rates were to go up 1 percent, that would translate into a 10 percent increase in a buyers monthly mortgage payment, so it’s advisable, if you’re a renter, to take a hard look at your credit and sit down with a qualified local lender to see if you qualify to purchase a home.

All in all, it is an exciting time in Warwick RI real estate and a good time to be a buyer or seller.