Learn the latest news about residential and industrial real property in the Seattle space and Pacific Northwest. Less expensive: Say the identical couple sold their previous home for $600,000, then paid $500,000 for a apartment. Since the condo’s price is eighty three p.c of the outdated house’s gross sales worth, the brand new assessment could be 83 p.c of the outdated, or $sixty two,500. Their new property tax could be $625. However it additionally means our own landlords’ and actual property agents’ groups will have extra time to observe their strains about tenants’ rights leading to all sorts of doom and gloom for renters. “Cautious what you wish for,” they might say. “The adjustments will power up prices, rents will go up, folks will go away the market, there will be much less provide and that’s solely going to push individuals out of the rental market and make it tougher for many who are looking for to lease premises cheaply”.
The Division of Actual Estate at the Robinson Faculty of Enterprise prepares professionals to deal in land assets as investors, brokers, appraisers, analysts, financiers or builders. In addition, there is additionally submit-law faculty graduate work for further specialization. The most … Read More