New Jersey

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New Jersey Real Estate Shopper

Overview

If you are planning to settle down and buy a home, New Jersey should be at the top of your list. Most areas in New Jersey have low crime, great schools and wonderful supporting and self-sustaining communities. Many places in New Jersey have the infrastructure in place to enable daily commute to New York and Pennsylvania metro areas.

Real Estate

When shopping for residential real estate, consumers have a wide array of areas and price ranges to choose from. For example, consumers should expect to pay more in the north east region of the state, which is particularly close to New York. However, a higher cost also means a higher resale value later on. If proximity to a large metro area is not particularly important, consumers can look further west and south for lower cost real estate, which is often accompanied by much larger property lots.
Many real estate consumers base their decisions on availability to good grade school education. There are online resources to guide consumers in this respect. You can check the following: https://www.niche.com/k12/search/best-school-districts/s/new-jersey/; https://www.nj.com/education/2018/01/the_top_50_schools_in_njs_new_state_ratings.html
According to Zillow .com, New Jersey schools have generally high reviews throughout the state, especially in the northern region.

You may also make you decision based on the rate of real estate appreciation. Free online tools are available for this as well (for example: https://www.neighborhoodscout.com/nj/real-estate).

Home Buyer Assistance.

The state government in New Jersey intends to maintain a robust and diverse real estate market. To that end it has championed first time homebuyer assistance program under Road Home New Jersey initiative (https://www.theroadhomenj.com/). The featured programs not only assist with mortgage applications, but also provide assistance with closing costs. They also aim to honor New Jersey’s bravest and finest with real estate acquisition and refinance programs.

Purchase.

Once you have settled on a home of your dreams, or at least the home of the near future, consumers will find the experience relatively painless. However, as in all such costly and long term investments, assistance by a competent New Jersey real estate attorney, while not required is highly recommended.