First Time Buyer NJ OR NYC

[Shivani Suresh]

As a first-time buyer with a budget of 600k is New York City or NJ a better fit? 

[M Edouard]

You can probably get something for 600K is some parts of the Bronx but you'll inherit a lot of problems with the property. I strongly recommend North Jersey as you'll get way more bang for your buck and your open to a much wider selection 

[Robert Hill]

I would strongly recommend looking into North Jersey suburbs as there are a lot of great starter homes for $500-$600k, that are nicely kept and renovated. I'm currently helping two clients find a starter house in Bergen County for the same price $500k-$640k Max. There are a lot of great, renovated houses in excellent neighborhoods in Bergen County. Some of the top rated schools, downtowns, neighborhood, and safety ratings in the North East. Let me know if I can help in any way, thanks.

[Joseph Chiofalo]

Hi Shivani, 

You may find a property in either location that meets your criteria.  Work with a good professional to open up your search process and help you narrow in on a home. 

Possibly find something that needs some repair work at a discounted price.  There are a lot of programs available to help with renovation costs being built into the loan on a primary residence purchase.  

[Marci Stein]

Would be helpful to have more 

information . are you looking for cash flow or appreciation ?

New Jersey’s taxes cut into the former. 
I recommend Sullivan County New York . 

for that price , you can buy an apartment building with a dozen doors or seven single-family homes

[Prabhu Kumar]

@Shivani Suresh, 

The major three factor usually new buyers consider  are 

Commute to Office,  Neighborhood/Schools &  Price. 

You have to give more weightage/compromise in one over the others, to find the right home. You and your family will be spending good 7-10 years in this homes. Depending on your priorities, short list the towns fit into these above segments and then look for properties in these towns.

[Joseph Chiofalo]

Hi Shivani, 

How are things progressing with your search process for a new home? 

There are some flexible financing programs available for first time homebuyers. 

[Anna Cerda]

Hi, I am a realtor and investor in NJ/NY. I am happy to help you find some gems.