Tricia Charves


All Posts from Tricia Charves

COVID19

Second Draw PP Loans – Q & A

Who is eligible for a Second Draw PPP Loan? An applicant is eligible for a Second Draw PPP Loan if it is a business concern, independent contractor, eligible self-employed individual, sole proprietor, nonprofit organization eligible for a First Draw PPP Loan, veterans organization, Tribal business concern, housing cooperative, small agricultural cooperative, eligible 501(c)(6) organization or …

Market Trends

Rhode Island Median Home Price Nears $340K

Warwick, R.I. – October 15, 2020 – Single-family home sales transacted through State-Wide Multiple Listing Service reached a median price of $339,900 in September, the highest monthly median price to date. MLS reported a year-over-year increase in median price of 15 percent and a hike in sales activity of 18 percent. State-Wide MLS is the listing information …

News

Check a Home Inspector License

Is “your” home inspector licensed?   Since July 1, 2020,  anyone who conducts a home inspection for a home or other residential property located in Rhode Island must be licensed as a home inspector or associate home inspector in Rhode Island.  This includes home inspectors who are already licensed in other states like Massachusetts or Connecticut. …

Market Trends

Stay-at-home order curbs Rhode Island home sales in May

Warwick, R.I. – June 15, 2020 – The median price of single-family homes sold in Rhode Island hit a new record last month. May’s price of $309,500 was the third time in a year that Rhode Island’s median sales price topped the $300,000 threshold. The flip side of that news was a 31 percent decline in sales …

Association News

Leaders Wanted: Seeking Candidates for RIAR Office – Apply by June 10th

Real estate offers new opportunities and challenges every day.  The Rhode Island Association of REALTORS® [RIAR] is seeking leaders to help us embrace and navigate those changes. What:   The RIAR Nominating Committee, which is Chaired by RIAR Immediate Past President Dean deTonnancourt, invites you to apply for one or more of the following offices: President-Elect, …

COVID19

Financial & Business Assistance

ASSISTANCE/SMALL BUSINESS LOANS Updated January  7, 2021 Paycheck Protection Program (PPP) Loans Who is eligible for a Second Draw PPP Loan? An applicant is eligible for a Second Draw PPP Loan if it is a business concern, independent contractor, eligible self-employed individual, sole proprietor, nonprofit organization eligible for a First Draw PPP Loan, veterans organization, …

Market Trends

R.I. Housing Sales Remain Active During March

Warwick, R.I. – April 10, 2020 … One month into the widespread effects of the coronavirus pandemic, statistics released today from RI Realtors indicate that despite impediments from COVID-19, single-family home sales rose slightly year-over-year in March and pending sales  – those under contract but not yet closed – dropped negligibly, down .4 percent. The …

COVID19

COVID-19 FAQs for REALTORS: Emergency Unemployment Benefits

Updated 9/12/2020  Updates will be posted as they become available. Please check this page often. Find updated Unemployment Information  on the RI Dept. of Labor and Training’s website at https://dlt.ri.gov/covid19/. FEMA has approved 5 additional $300 supplemental unemployment payments to unemployed Rhode Islanders. Claimants will receive an additional $300 per week for each of the …

COVID19 News

Revised COVID-19 Amendment Now Available

On April 7, 2020, the Rhode Island Association of REALTORS® Executive Committee approved a revised COVID-19 Amendment.  At the time that the original Amendment was written, town and city halls were closing, it was not clear whether critical government and business functions, such as smoke/CO inspections, title searches, closing, and inspections could take place or …

COVID19

COVID-19: Appraisal Updates

HUD, VA and USDA all have protocols in place for exterior appraisals. All three entities announced on Friday, March 27th, the ability for appraisals to be completed based upon exterior-only observations.  This was critical to allow pending sales to move forward, and also critical to allow consumers access to credit with the very low interest …