Hoboken real estate deals for 1st time buyers and entry level condo's!

Searching the MLS now to keep up to date on market conditions and inventory. Just looked for condo's for sale in Hoboken up to $349,000 - since that's where most 1st time buyers cap their price range - and I found 88!

There is a nice choice of 1 bedrooms downtown near the PATH for under $330,000 asking, like one on 2nd and Willow with a terrace for $339,000, a nice one on 2nd and Jefferson asking $315,000, 2 on 5th and Bloomfield for $313,000 and $323,000, one on 2nd and Bloomfield for $289,000! There are others too all around town and if you go west you'll find some great places at great prices. Rates just crept up as was much anticipated by better than expected results in the economy and hopefully they'll stay stable and not go back up again. But if you're on the fence I would keep an eye on rates and in the meantime get a rate lock now, this might be your chance while rates remain low.

Feel free to reach me if you want to a referral to a mortgage representative you can contact for some advice and to answer questions. Happy home search!

Entry Level 1st time home buyers there are deals in Hoboken!

Ok, maybe it won't buy you the majestic parliament building of Budapest seen here but for under $350,000 the Hoboken real estate market has about 80 condo's for you to choose from! If you're an entry level buyer, or a 1st time buyer, or maybe you're looking to invest in Hoboken now that prices are more reasonable you can pick from a studio sized at about 340 sq feet to even a 2 bedroom 2 bath at 872 sq ft!


Hoboken has seen softening of prices in the last 6 months there's no question. However believe it or not some units, if priced really well are getting multiple bids. My office had two this past week. Just keep that in the back of your head in case it happens to you.
However, some properties you might be able to negotiate between 5 and 10% under asking, if the situation works in your favor and the seller's are motivated. If you bid anything lower than that though you might not get a response. But you can be agressive! This is what you've been waiting for. And if you have good terms ie, large down payment and a short closing window with no property that has to sell then you have more leverage and you should use it to your advantage.


So is now a good time to buy? I would think so! With low rates and lots of inventory to pick from it sure seems like it. Yes, do your homework and make sure your agent does research on the property you want to bid on. And maybe you do decide to wait a few more weeks to see how things go... But remember, as soon as good news starts to creep into the media rates will also start to creep up.

Investors tip: try not to become too emotionally attached to a property. That way you can see the purchase as an investment. I know, easier said than done, after all, this will be your home and you could easily fall in love with a place. I'm confident you can find a home out there that you will love and make your own and you were savvy enough to score a good deal with an expert negotiator at your side. Heck, maybe you even negotiated closing costs paid for by the seller and got some fabulous window treatments and a plasma TV included too!


Now that's shopping!