Can I buy a home for $200,000 in Bergen County NJ ?

By
Real Estate Agent with Bergen County, NJ - RE/MAX Real Estate Limited

Yes you can !

 

Well depending on your needs - Absolutely !
 

A single family home ? -- Possibly !
 

If not exactly at $200,000, then certainly at $250,000 !

 





Currently there are 17 single family homes listed at $200,000 or less, and there are 65 single family homes listed at $250,000 or less.
 
Now clearly, the homes at this range will likely offer less in terms of home features, and almost certainly will need some repairs or improvements, but we havent seen this many homes available in Bergen County for $250,000 or less in years.
 
Many of them may be Short Sale candidates - listings usually in a pre-foreclosure status - and although they may offer the best deals on the market, there are some very specific challenges to prepare for when considering putting an offer on a Short Sale listing.
 
Having been through a number of these type of transactions, please contact me and I'll gladly explain what's involved and what you could expect.
 
Those that aren't short sales ? ... but are still in the $250,000 price range ? ... call or email me to get a list of those currently available - they can be immediately emailed to you for your review.
 

Amidst all the negative press coverage about the housing market, there can be some golden opportunities for people who can finally afford a home in Bergen County !
 

Call Bergen County Real Estate expert, Sheldon Neal, at 201-481-2891, or email at SheldonNeal@remax.net to discuss your home buying intentions, and to receive some special home buying tips to get you started !

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New Jersey Bergen County
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Rainmaker
509,364
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Sheldon, Great post! It seems like there are quite a few good choices in Bergen County -- of course, the best choice for buyers would be to call you first!

February 20, 2009 09:49 AM #1
Ambassador
658,509
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

the best choice for buyers would be to call you first!

Couldnt have said it better myself ;o) Cheers Mary !

February 20, 2009 12:18 PM #2
Rainmaker
254,306
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

If a buyer wants a true fun experience purchasing in your area, you not only would dazzle them with great service but would keep a smile on their face. 

I tried to add a comment to the Geico post but for some reason the Comment section was not coming up properly, guess the response was so overwhelming AR just said you had got enough comments and time for others to get a piece of the pie.  Just a heads up.  Love that post!  I had suspected that the Geico Lizard actually spoke Spanish and you had dubbed over for the American audience.  Glad to hear you put that concern away after all Realtors do not need to be distracted from their focus. 

February 21, 2009 09:35 AM #3
Rainmaker
134,027
Janie Coffey
One Sotheby's International Realty - Coral Gables, FL
GRI - Miami Real Estate

that is a funny number, 3 years ago when someone asked me that about Miami Dade Co, I said "no way" not even a 600 sf home in a very undesireable area went for less than $200K, in fact, we didn't have a SINGLE ONE!  Now we have them and in spades.  The best part of the "correction" is that hardworking people with good jobs are now able to buy a home when they were not able to a few years ago.  That makes me extremely happy!

February 22, 2009 06:39 AM #4
Rainer
143,777
Gary J. Rocks
Werner Realty - West Milford, NJ

Sheldon

There are many properties available in Sussex County for $200,000.00 with some decent parcels of property we are talking acreage here.

March 03, 2009 03:21 PM #5
Ambassador
658,509
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Connie !! LOL !! Cant believe I didnt see your comment before !! You make me smile :o)

Janie ! - Very true ! Thats the nice part about this correction is that many who couldnt before can finally consider the American Dream ! Thats nice !

Hey Gary ! Isnt it amazing ?!?! I dont doubt it ! I hear you can get some real bang for your buck in your area right now. Good luck to you !!!

March 03, 2009 03:41 PM #6
Rainer
8,236
Michael Del Greco
New Jersey Home Inspection - West Paterson, NJ

Just remember it is good to keep your clients expectations realistic when looking in the lower end of the price range for a county or town.  Buyers should expect older homes with few if any upgrades and older systems such as boilers in addition to bathrooms and kitchens in need of upgrades. 

April 24, 2009 02:22 PM #7
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