First-time homebuyers share tips on how to beat market

For Robert and Laura Sevilla, a year or two of living with family to save for a down payment on a home eventually turned into seven.

The couple desperately wanted a place of their own, but yearned to be on more solid financial footing before their house hunt. So instead of renting, they decided to build up their savings by moving in with Laura’s parents in 2014.

It’s the kind of sacrifice first-time homebuyers are used to in New Jersey – a high-cost housing market that’s only gotten more daunting amid the coronavirus pandemic.

So what’s a first-timer to do? Shoppers and real estate agents in North Jersey say there are ways to snag that dream home, even with prices soaring by 25% in some areas. New buyers just need to be flexible, deferring and even downsizing that dream to find the right opportunity.  

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2021-10-12 09:04:19

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