Quote:
Originally Posted by Home_seeker
I'm looking for a home in bergen count (Bergenfield and Teaneck). Can anyone recommend a good realtor (exclusive buyers agent) suitable for first time home buyer?
My target price range is up to 250K and i'm in the process of getting a pre-approval. Thanks in advance
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Hi Home_seeker,
You are a little light for those two towns. While there are a few beat-up old homes that come on in this price range, they usually are in fair condition and will not qualify for financing. If you could spend up to $275,000 to $300,000, you would have more viable options.
I would stay on the sidelines and do a little more saving. Rent a small apartment for another year or so. The market isn't going anywhere, it will be here when you get back. A 20% down payment is also a good idea, so you need about $55,000 to $60,000.
-Marc
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