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Updated almost 4 years ago on . Most recent reply

User Stats

56
Posts
42
Votes
Miltiana Holdip
  • Real Estate Agent
  • East Orange, NJ
42
Votes |
56
Posts

Priced Out of House Hacking?

Miltiana Holdip
  • Real Estate Agent
  • East Orange, NJ
Posted

Hello everyone,

I moved to Essex County, NJ from NYC hoping to buy a house at the end of 2021, however prices have skyrocketed more than ever before and people are paying for more than the home is actually worth.

How has this sudden increase in home prices changed your home buying plans, especially when you need to stay in a certain area due to children, family, work, etc?

Will you have to wait and buy until 2022, are you willing to pay 20-30K extra for the home?

I don't want to feel discouraged, but I will try NACA, FHA what ever I can to get a home! I would love to hear how others navigated around this issue.


Most Popular Reply

User Stats

309
Posts
264
Votes
Landon Bleau
  • Rental Property Investor
  • Toledo, OH
264
Votes |
309
Posts
Landon Bleau
  • Rental Property Investor
  • Toledo, OH
Replied

Miltiana, though prices are crazy right now, people were asking the same questions in 2015 saying the prices can't keep climbing, and we've seen how that's played out... Keep in mind the ones that are selling for crazy amounts of money are the ones on the MLS, you can always find off market deals through word of mouth, direct mail, door knocking, etc.

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