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At Geo Properties, we pride ourselves on providing quality tailored advice for our clients. Our agents are well-versed in the industry, as well as the local market. But best of all, they have amazing personalities to boot. Which, if you ask us, makes the entire process of buying or selling your home not only seamless, but enjoyable too.
So what better way to get to know our agents than to publicly ask them personal questions? Here are 5 questions with our newest agent, Katie Cocuzzo, one of our brightest, hilariously witty agent. (more…)
Chilangos · Duck and Bunny · Edgar Allen Poe · Gracie's · Halloween · Hay Rides · Justine's Restaurant · Katie Cocuzzo · Los Andes · Mexican food · Nicks on Broadway · Olneyville · Providence · Real Estate · Restaurants · Rhode Island · The Grange · The Providence Athenaeum · Traveling · West Side of Providence
A recent article on Projo made an interesting point regarding the construction industry, one that many (but not all) real estate writers and enthusiasts have overlooked. We say this with confidence because many home buyers and sellers have also overlooked this fact.
What we’re talking about is one of the major casualties from the recent recession: deferred maintenance. (more…)
Business · Buying your first home · Construction · Economic Development · first time home buyer · Historic Tax-Credits · Mortgage · Providence · Real Estate · real estate investment · Reconstruction · Restoration · Rhode Island · Taxes
There’s a unique phenomenon happening in the real estate market between buyers and home inspections. Many real estate agents have noticed that buyers are bolting after an inspection report comes in, even one with the slightest repairs. There have been cases when potential buyers ask for a refund back before even allowing the seller to offer new repairs on the property.
Why is this happening, you may ask? This blog post dabbles into the reason why, and we have more insight into this situation.
The author of said blog post believes that there are several factors that play into buyers leaving after inspections. For example, since the market is so hot right now, many buyers are pressured into jumping at any listing without careful consideration. True, a few years ago, there were a lot more houses on the market, and buyers had the pick of the litter. But now, some potential buyers don’t even get to go inside the property as it’s already under agreement (some within seven days on the market).
And because these buyers had more time to negotiate or shop around, they often felt good about their decision.
This scenario doesn’t happen quite often anymore. Buyers are feeling the pressure, they are feeling the competition. And in result, they aren’t sure whether they are putting in an offer because they truly want to the property, or if it’s because it’s difficult to find something else. That’s why when the last leg of the process presents itself (the inspection report), buyers then bolt. Even on the slightest list of repairs. They just aren’t sure this is the one because they hadn’t had time to process the entire transaction.
Think about it: Let’s say you’re in the mood to buy a new suit, or a pair of shoes, and the clothing store was about to close in 20 minutes. You like what you see but you can’t decide. You feel rushed so you go with whatever’s in front of you or whatever just fits properly. This future purchase fits the basic criteria: it’s black, affordable, you can wear it anywhere. Yet as you’re waiting in line to purchase the product, you may feel like you’re settling.
You deem this purchase as an “impulse buy” instead of feeling proud of how quickly and convenient this transaction was for you.
Since buying a home is more of a larger commitment, buyers just run out the door. It makes sense, right?
If you’ve been following the recent controversy surrounding CLUCK! and its very public battle with neighboring objectors, you’d most certainly appreciate this open letter to CLUCK!’s opponents by Providence Monthly.
This article, written by John Taraborelli, highlights some of the main grievances that many of us have been feeling towards this whole situation. Not just the Providence Zoning Board, but more specifically, their main objector, Sts. Vartanantz Armenian Church. Now, we don’t believe in fighting hate with hate, at all.
But what this article addresses is the plain and simple fact that these seemingly pointless objections suppress something good for the neighborhood. And by something good, we mean, small businesses, culture, vision and progress.
More than anything, the city of Providence desperatly needs the support of small business ventures. Our state is currently ranked as having the sixth-highest unemployment rate in the country, according to the U.S. Department of Labor’s recent report. This isn’t an issue to be taken lightly, by any means (or costs).
Tataborelli hit the nail on the head when he says, “That a small business owner should have to endure months of legal fights, backbiting and fear mongering, rack up exorbitant legal fees and rally the support of hundreds of neighbors simply to earn the right to sell seeds and garden tools in a once blighted property that she has remodeled and revitalized is patently absurd and sends a terrible message about the cost of doing business in our fair city.”
Yes, yes, and yes.
CLUCK! proprietor Drake Patten, shouldn’t have to rally hundreds of people in support to just open up a harmless farming supply store, which in fact, replaces an abandoned gas station.
However, it must be said that public occurrences such as this only furthers other business owners, artists, and the overall community to stand for what they believe in. As a city that is currently undergoing reforms in historic tax regulations, public financing, and abandoned properties, we need facelifts when we can get it. Right?
Analysis · Business · CLUCK! · Drake Patten · Farming · Gas Station · Historic Tax-Credits · John Taraborelli · Providence · Providence Monthly · Providence Zoning Board · Reconstruction · Report · Restoration · Rhode Island · Small Business · Sts. Vartanantz Armenian Church · Supply Store · U.S. Department of Labor's Bureau · Urban Farming · Urban Landscapes · Urban Renewal
New owner, John Lanni, opened up Dolce Gelateria about two weeks ago at 270 Wickenden Street, and the local neighborhood couldn’t be more excited.
If you consider yourself to be an East Sider then you’d know how many restaurants are lacking in the dessert area, particularly in the summer and spring time when the concrete pavements are sweltering, and there aren’t any public pools in sight. Sure, you can dive into the muddy waters of India Point Park for some relief, but it’s a bit risky.
One of the greatest aspects of living on the East Side, particularly the Fox Point area, is actually being within walking distance to India Point Park. This waterfront park is most commonly used to host festivals and seasonal events throughout the year. At other times, East Siders roam the area to walk their dog, read a book, or play frisbee with their friends. And you know what their probably thinking: “Man, it would be nice for some ice-cream right about now.”
You may be thinking, “Oh, another ice cream shop.” Don’t get us wrong, there are many wonderful places in the area to buy tasty desserts. The Duck & Bunny, for example, is an amazing restaurant (a snuggery, in fact) where they specialize in creating delicious cupcakes, as well as special order cakes and pies. Then you have other local cafe’s like Cafe Zog and Coffee Exchange, both on Wickenden Street. Great coffee, but we don’t need more coffee, or more thrift shops, or antique shops. We need ice cream.
Interestingly enough, another business owner also got the memo. A new frozen yogurt place is setting up shop a few stores down from Dolce Gelateria.
I ask a young student on Wickenden Street what she thought of both new businesses opening up, and this is what she said: “I work on Wickenden so it’s nice to be able to go get some ice cream on my breaks, especially since there aren’t that many places like it around the neighborhood. There’s definitely a trend happening here, especially with frozen yogurts, as there aren’t that many around.”
Being under contract is never dull. But one recent transaction that I was involved with highlighted one of the more concerning aspect of the home purchase process: the reliability of sellers’ disclosures. Below are a few choice items that were missing from these particular sellers required disclosures, but that anyone who has ever read a Nancy Drew or Hardy Boys book could figure out at first sight of these clues: (more…)
Contracts · Full Disclosure · GQ Newsletter · Hardy Boys · Nancy Drew · Providence · Real Estate · Real Estate Compliance · real estate insurance · real estate investment · Rhode Island · Sales Disclosures · Sellers · Stigmatized Property Disclosures
As we move into an age of peak oil concerns and resource scarcity it is important to face these challenges with a positive acceptance and react with sound and well thought out decisions. The following piece is not meant to be a comprehensive description of permaculture, rather a primer describing some of the basic principles and design strategies relating to urban and suburban residential sites. It is a complicated and very far reaching discipline and this should only act as a guide for those who want to explore more. I have listed some texts at the end of the article to get you started.
First, lets briefly define permaculture. Permaculture is a design method and a set of skills for creating resilient human habitats and healthy ecosystems. It is modeled on natural patterns and addresses food production, shelter, energy, water, community, culture and health. Applying these principles to the way we organize ourselves in the landscape increases resilience in the face of energy, environmental, and economic uncertainty. It also presents us with one of our best opportunities to create healthy systems that continue indefinitely.
There are many strategies that can be used to achieve a highly functional, high yield, low input, beautiful garden. Here are just a few of the simple ones that can done by just about anyone. (more…)
When entering into a new restoration or construction project, owners are often faced with a bundle of decisions to make. The process begins with a vision, then figuring out budget costs, where to get financing and who to bring on board.
All those who love to create will usually experience two common things: the process is never linear, but the end result is absolutely gratifying. In fact, the finished product is a culmination of a lot of downturn’s, stop’s and go’s. But if you were to ask a project manager what the most difficult part of the said process would be, it’s more than likely that the answer is who to bring on board. (more…)
Business · Community Workforce Agreement · Construction · Ethics · Government · GQ Newsletter · Labor Statistics · Labor Unions · Project Labor Agreements (PLA) · Project Management · Real Estate · real estate investment · Rhode Island · State-mandated · U.S. Department of Labor's Bureau
Last month, Superman building owner, High Rock Development LLC, requested $39 million dollars in state tax credits and other financing to convert Providence’s Superman Building into 278 new apartment spaces.
According to several sources, the proposed budget was immediately shot down by House Speaker Gordon D. Fox, who says he’s in “no position” to provide that level of financial assistance. Although the reinstatement of tax credits is as part of the House’s new economic development package, each project will only have a maximum $5 million cap in state funding.
Supporters of High Rock’s financial report believe that this new venture will generate 230 permanent jobs, $4.6 million in tax revenue, $26 million of money each year into the economy, and more downtown residents.
High Rock continues to push for obtaining state-funded financial backing, regardless of continued skepticism. ‘‘The obligation is on us to prove the merits of our proposal, and we intend to continue down that road,’’ said Bill Fischer, spokesperson for High Rock Development. “These reports confirm that converting the Superman building into rental apartments is in fact the highest and best use of the building.”
Sure, it’s better than marketing the property for more office spaces. But does it have to come from public financing, our state’s money?
Providence Mayor Angel Taveras also expressed hesitation towards this proposal as a wise public investment towards our state’s economy. Local developers as well are concerned about the merits of this high cost investment: “Many developers have done well without taking any subsidies. If it is a good project, it should be able to be done without them, “ says George Potsidis, president of Geo Properties and restoration company, Sega Construction.
Sounds pretty sensible if you think about. Why should we pay for this? Yet, are the consequences of inaction even greater?
Advertising · Bank of America · Bankruptcy · Business · Construction · Downcity · GQ Newsletter · High Rock Development LLC · Historic Tax-Credits · Kennedy Plaza · Marketing · Providence · real estate investment · Rhode Island · Superman building · Taxes