I showed a Newly renovated 3 family in Dorchester today that is listed for $229,000. When the potnetial buyer asked me about the estimated monthly mortgage payment, I did quick calculation and realized that it would be approximately $1500 per month with 3.5% down. At that moment it hit me…you can own a 3 family in the Dorchester Neighborhood of Boston MA for the same price that it would cost you to rent a 3 bedroom apartment. For me, this is a sign that we are at or near the bottom of the market in Boston. If you’re on the fence, you may want to seriously consider buying a home. With rates at historic lows and home values this low, you can own for less than it would const you to rent. I hope buyers begin to see this reality. It just makes sound financial sense. For more information you can contact the BTRG Team at 617-674-2077
About the author: The above Real Estate information was provided by Robert L Nichols Jr. Robert is a is real estate consultant and Entrepreneur. His services encompass real estate brokering, development, short sales, and innovative listing services.
Robert Has founded several real estate stratups and is the Founder of Boston Trust Realty Group, a Boston based brokerage firm. Robert's companies also include MungoList.com and Rigid Capital Investors, LLC.
Good Evening Robert
Thanks for the video post and information. Have a great day.
Thanks, You too Patrick!