Low cost monthly living!
Here in the Greater Binghamton Real Estate market, opportunity has opened its door.
Interest rates at 4ish percent! Ample choice of properties. Shortage of quality apartments is a combination that adds up to low cost living! Our Binghamton Real Estate provides the way to live for less than a couple of hundred dollars a month... lets look at a possible situation...
Two Family house.... cost $80,000 Taxes $3600 per year, Ins $600 per year, separate utilities, Water bill $600 per year
Mortgage payment $350 Pi, taxes $300 Ins $50 water $50 mip $50
Total monthly cost $800/mon+-
Rental from unit #2 $650-700 mon (plus Utilities)
Net cost to owner occupied buyer $150/mon
Yes you have to do the maintainence on the house like you would on any home you own.
It beats a part time job down at the car wash!:)
Dozens of choices of great Binghamton Real Estate and your Best Friends In Real Estate... EXIT REALTY Homeward Bound, John Farrell Broker.
Posted at 08:57PM Oct 18, 2010 by John J Farrell in Real Estate | Comments[0]
October's Bright Blue Weather
As we experience the opening days of October, here in Binghamton, New York the freshness of the air and the clearness of the sky makes every day beautiful. The real estate here is the most affordable in the country. Our great location in Broome county is the gateway to all things fun. Music concerts, skiing, country living, lakes, rivers, pro hockey, college basketball, Mets baseball, and on and on...Binghamton University, the State's flagship SUNY school, brings diversity and economic vitality to the region. Binghamton Real Estate opportunities abound. For a market conditions repor go to http://realtytimes.com/nlnews.htm?open&Vol=c&ID=JohnFarrell
With my experience of over 27 years Binghamton in real estate, it is my goal to advise, and give clarity to your questions about our Binghamton real estate market. If you are looking for a great place to live at any stage of your life, the Greater Binghamton area provides the opportunity to live your dream. Call me any time John Farrell Exit Realty Homeward Bound Vestal, N.Y.
607 760 0908
Posted at 08:20PM Oct 06, 2010 by John J Farrell in Real Estate | Comments[0]
January 09 market conditions
You can't give one weather forecast for the whole country... it's going to be hot somewhere at the same time that it is snowing somewhere else. Even when focusing on local weather, it's often unpredictable! We've heard a lot on the news in the past few years regarding the real estate market. The broad, sweeping descriptions of the national downturn paint a very gloomy picture. While it is true that in some areas of the country many people have been affected by a real estate "natural disaster," so to speak, it is also true that other areas have continued on their own patterns.
For the most accurate local real estate forecast, your best bet is to consult a Realtor that you trust - preferably a Realtor who has been tracking the local market trends, with data to back it up, for the past decade. Call John Farrell today for the exclusive "trends" forecast and to talk about the specifics of your market. 607.760.5000
Posted at 07:00AM Jan 15, 2009 by John J Farrell in Real Estate | Comments[0]
