REAL ESTATE NEWS UPDATE-OCTOBER 19, 2019
by godfather
 REAL ESTATE NEWS UPDATE
Oct 19, 2019 | 481 views | 0 0 comments | 33 33 recommendations | email to a friend | print | permalink
EXPERIENCE MAKES A DIFFERENCE
EXPERIENCE MAKES A DIFFERENCE
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Real Estate News Update-October 19, 2019

By Jim Turano, Broker of Diverse Real Estate

Apartments- Average 3 room one bedroom renting at $1,500-$1,600

Average two bedroom apartment renting between $1800-$2,000

Average three bedroom apartment renting around $2,500

Houses-Currently the market is flooded with homes and many are way overpriced at this time. You need an accurate appraisal of your home and price it right from the beginning.

Commercial buildings-Mixed Use, 6 families, 12 families, Tax payer properties. Buyers have been paying all year long at no more than 12x’s your yearly rental income. The average buyer must put between 30-40% down if attaining a mortgage.

Store Rentals-vary area to area. You must price the store correctly from the beginning or not collect rent for 6 months to a year in some cases.

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