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COMMON PRACTICE: Ryan Antrop, broker-manager at Residential Properties Ltd. in Cumberland, says as long as inventory remains low, homebuyers will continue to include escalator clauses in their offers. / PBN PHOTO/RUPERT WHITELEY

Escalator clauses causing tricky situation in red-hot residential market

Escalator clauses have become so commonplace in today’s red-hot residential real estate market that real estate agents are having to navigate threats of litigation,...
POLICY ­­PERUSAL: Mary Caruso, left, director of business development at Carey, Richmond & Viking Insurance Agency in Middletown, talks with CaraMarie Costa, personal insurance account manager. / PBN PHOTO/ELIZABETH GRAHAM

As home repair costs rise, policies may need update

As Tropical Storm Henri approached Rhode Island on Aug. 22, homeowners cleared their porches of furniture and battened down the hatches, fearing the havoc...

Randall Realtors joins Compass

PROVIDENCE – Randall Realtors, founded in 1977, has joined Compass, a national tech-powered real estate brokerage firm. Randall Realtors is part of The Randall Family...

Richmond estate with 158 acres, private banquet hall, sold for $1.4M

RICHMOND – A 158-acre property in Richmond with five buildings, including a private banquet hall, has sold for $1.3 million. The property, at 54 Bucknam...
STATELY SURROUNDINGS: The 9-acre Ker Arvor estate at 275 Harrison Ave., Newport, sold on Dec. 29 to a Silicon Valley tech executive and his wife, a novelist, for $7.3 million. / Courtesy Lila Delman Real Estate

GREAT ESCAPES: Pandemic helps fuel record-setting demand for high-priced R.I. homes

Even in a pandemic, money remains no object for the wealthy – at least for those with enough to buy one of Rhode Island’s...
NEW HOME: Michael and Phoebe Koval, with their 4-month-old son, Barry, in front of their new home. The couple was renting a one-bedroom apartment in Providence before deciding to purchase a single-family property in the city’s North End. At right is their real estate agent, Shannon Buss, broker associate at Randall Realtors.  PBN PHOTO/MICHAEL SALERNO

Pandemic sparks more investment in real estate

For three years, Phoebe and Michael Koval rented a small one-bedroom apartment in Providence before deciding to venture into the real estate market to...

Commercial buildings on Main Street in Westerly sell for $1.6M

WESTERLY – Two commercial buildings on Main Street in downtown Westerly have sold for $1.6 million, according to Randall Realtors, whose Chris Randall Group...

South Kingstown oceanfront home sells for $2.4M

SOUTH KINGSTOWN – An oceanfront home at 9 Green Hill Ave. has sold for $2.35 million, the highest price sold to date this year...

Westerly home sells for $2.3 million

Westerly – A home overlooking the Atlantic Ocean with views of Block Island and Montauk has sold for $2.3 million. The price is the fourth-highest...
THE HOUSE at 48 Meadow Ave. in Westerly is built in a contemporary style and is in a secluded area. / COURTESY RANDALL REALTORS

Westerly home sells for $2.2M, town’s second-highest value in 2020

WESTERLY – A contemporary style house in the Weekapaug neighborhood of Westerly sold on April 23 for $2.2 million, according to Randall Realtors, which...
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