Wayland Square (Providence, RI)
By Rita Danielle Steele
(Steele Realty Consultants International )
I am not ashamed to say that despite being raised in a family well respected in Massachusetts for its architectural and high-end construction building firm, I have turned up my nose at new construction since I was old enough to decipher the difference between historic hand blown glass windows and vinyl replacements. I have carried this distaste for any home built post-1945 into my adult years. Being a bit on the stubborn side, I have rarely made exception to this philosophy. So those of you who have seen the “Coming Soon,” sign in front of the diamond in the rough on the corner of Elmgrove and Irving Avenue are likely curious about our plans for both the home currently undergoing a full restoration and the separate adjacent lot. The diamond is currently undergoing a complete restoration...
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By Rita Danielle Steele
(Steele Realty Consultants International )
Realtors today are often faced with this line of questioning from sellers: "Will you accept a lower commission?" It's not that the seller asking wants to undercut their realtor. The seller is asking because realtor commissions are hard to understand. In order to get a good sense of how the commission system works, let's start with the basics. The industry norm for realtor sales commissions is 5-6% of a property sales price. With a commission-based system, the person being compensated for his or her services takes a high risk in exchange for a "high" reward. For realtors, the risk is not making a sale and earning nothing, no matter how much time, money, or effort a realtor puts into the transaction. The seller is therefore paying a "high" reward in exchange for the high risk the realtor ...
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By Rita Danielle Steele
(Steele Realty Consultants International )
I have always found it amusing that new introductions and "what do you do?"'s in Providence are always met with looks of suspicion no matter what I say. "Attorney," always receives the stereotypical reaction: I am left having to prove that I am not an egotist, swindler, or disparager. I get the worst of it, however, when I tell them that I am a "real estate broker." Respect flies out the window. While I have grown accustomed to this now, such bad reactions to my profession are alarming yet unfortunately justified. Certain members of the Providence Real Estate scene have, sadly, marred the reputation of the profession as a whole. The purpose of this blog is not to point fingers or make accusations. The point is to urge those in my field to show their clientele and their colleagues the re...
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Providence, RI Real Estate Professionals