The condition and location of the rental property affects the price just like when selling. Even renters look for updated kitchens & baths; number of baths also is key. It would be difficult to say without seeing the actual property, but there are active 4 bedroom listings now between $1600 and $4800; mid range $2800-$3200 is average. Families do look for 3/4 bedroom homes to rent, as they decide exactly where in EB to buy.... more
And in general, home sales in the area have picked up. Have we hit bottom? My opinion is yes and it is starting to curve back up.. but that is my opinion based on calls and client interest in seeing properties.
Not only for the $8,000 tax credit, but East BRunswick prices are low for the town and people realize that. So, could we have a mild curve upwards? yes.. will it be better in the spring.. I think so.... more