Your choice of area may depend upon your definition of close to the beach. You might want to be at or near the beach within 5 minutes, or if a 15-20 minute drive is OK with you, there are other alternatives.
1) Ease of access to Lincroft, yet at the beach, or very near to it, might take you to Sea Bright, Monmouth Beach, Highlands, or Atlantic Highlands. There are an abundance of condos and town homes to choose from in these areas. These will be at or above the prices of condos inland, for a smaller, slightly older unit. The location dictates the price, and here you might be paying more for location and not get the same upgrades or amenities. Just head east to the shoreâ€¦â€¦about 20 minutes from Lincroft.
2) Red Bankâ€¦.Lots of choices in various price points. Needs no directionsâ€¦.10 minutes to drive, and 10 minutes to park from Lincroft. Onward to the shore areas in 10 minutes.
3) Eatontown/Tinton Falls (north end) - Brookwood in Eatontown is near the mall. Winding Brook is near Rte 35 and Shrewsbury Avenue. Tinton Woods, Society Hill, and Lanape Woods are right off of Hope Road. Fewer condo choices, mostly town homes. Very close to Lincroft, and still accessible to the shore.
4) Tinton Falls (South end) Park Place/Fox Chase have properties that have were built from the mid 1980â€™s through the early 2000â€™s. There are plenty to choose from. Itâ€™s a quick trip down Swimming River Road to 537 and over to Wayside or Shafto. Itâ€™s less than 10 miles, and about 15 minutes from Lincroft to the complexes. These are right off of West Park Rd in between Shafto and the Parkway. You would be due west of Long Branch, with Asbury, Avon, and Belmar beaches all within reasonable distances.
5) Freehold. Taking you further away from the beach, but still close to Lincroft. I have been spending quite a bit of time in Raintree and Wyndham lately.
Best of luck in your search.
Deborah Madey - Broker
Peninsula Realty Group
That is great! I love hearing that you have saved enough money for a down payment.That's a big deal now a days. I also purchased my first home as a single woman.Buying a home is a big investment. Make sure you work with an professional who will put your best interests first. I an an accredited buyers respresentative and specialize in helping buyers make the right choices. Your best interests come first! I would be delighted to help you if you are still looking for your townhome. Contact anytime 732-221-9331 Cell. Check out my website for free Buyer reports and check lists.
Let me know what price range you are looking for and I could give you a better idea of towns however some good towns to consider are:
West Long Branch
If you have further questions please contact me
Congratulations, on taking the first steps into home ownership. Depending on your price, you have many options available to you. If you haven't already, speak to a mortage lender and find you best options for a home mortgage, then get in touch with a Real Estate professional who can best help you narrow down some areas that would be most suitable for you and start looking.
Let me know if you need any recommendations on locations, lenders, the home buying process, how to make an offer etc. This is an exciting time to buy a home. All the best to you.
Lucy Korzelius, Residential Sales Associate
If you would like to talk please contact me
Definately consider FHA financing and also be sue to check into some of the programs that are available to first time buyers--grants, downpayment assistance, etc.
Good luck with your search!
Example - if your mortgage rep qualified your purchase at 200K, this would qualify you for a newer townhome in town # 1, an older townhome in town # 2 and it may eliminate you from buying in town # 3 because of the higher prices. The price variations in Monmouth County vary wildly from town to town based on a number of factors such as schools, crime, proximity to commuting, the beach, etc.
The first thing you'll need to do is to have your purchase qualified by a reputable mortgage representative. They will take into consideration your current salary, length of time at your employment, credit rating, downpayment and a few other items. They will give you an idea of the mortgage allowable and then you can add your downpayment to that for an idea of your purchase price.
Also, keep in mind a couple of things:
Interests rates are still at historical lows and money is cheap. Don't feel the need to "sell the store" in order to have a large downpayment (in an effort to keep your mortgage payment lower.) $10000, borrowed at todays rates, would increase your monthly costs by only $65. On the flip side, if you put an additional $10000 down on the home to keep payments low, you would only save $65 per month. That $65 savings, translated back into $10,000 would take nearly 13 years to re-accumulate so it's not worth it.
An FHA mortgage can be acquired with only a 3% downpayment so there is not any need to put a large downpayment on the home (unless we are talking about a substantial amount of money. )
But please, if you have $20,000 or $30,000 to play with then you should use the minimum amount and save the rest for a rainy day. Put it in the bank and forget about it or use it to unload any unneccesary debt such as credit cards or a car payment. where the interest rates are much higher and the value of the purchased products are depreciating And if you don't have any of those, then get started on a retirement account. You'll thank me in 30 years.
My numbers are down below. Please feel free to call or email with questions.
Broker, Salesperson & Notary Public
Century 21 Action Plus Realty
2218 Route 9
Howell, New Jersey 07731
There are a lot of nice townhomes in Freehold and Howell. I am very familiar with Monmouth County. If you would like to be really close to the beach, Atlantic Highlands is nice as well.
If you have ay questions, please contact me and I can help you find a home.
I look forward to hearing from you.
Orange Key Realty