How are you? I know it is not easy to find a right home in a right area, even if there are so many on the market. For today $400K is a good price range for a home. You may take into consideration Bridgewater area; I think it is exactly in the middle between Parsippany and Cranford.
You are a good friend. Good Luck!
PS. And as a real estate professional I am offering you my assistance, of course. Happy to Help.
Advnaced Realty Group
Morristown, NJ 07960
Sure there are many homes that area available.
I am positive that you can find a home within the area in this price range. The key is to have a realtor that knows the area well. There are many properties available in the 330 - 430 range that I am sure are negotiable. You need to have a full service Realtor in your corner.
I personally do not work in this area, but I can connect you with the best agent in the Morris county that happens to work in this area. She is a good friend and great person to work with. Call / Email and I will send you her information.
Broker / Manager
Orange Key Realty
I agree with Mark, My office is in Long Hill Township and compared to the surrounding towns you get more house for your money while still getting a tremendous location. Three trains stations easy access to Route 78/22/287 make it great for commuting north, south, east or west. Please fell free to contact me to get more detailed information on the area.
That is an extremely tough corridor of very high priced towns. Between Parsippany and Cranford is Florham Park, Madison and Chatham, Short Hills, and Springfield. Taxes aren't low in any of those towns. Instead of trying to locate between the two, it might make sense to triangulate. Long Hill Twp might be something to consider. There isn't a lot on the market, so your friend can't be too picky, but there are several homes available with asking prices below $450,000 with fairly low taxes ($5,500-$7,500). Long Hill is a beautiful area, but it does have some older housing stock that sells fairly reasonably. It's a shorter drive to Cranford then Parsippany, but there are plenty of backroads and it's fairly easy to get to either town.
Here is a link:
If you need any help or have other questions, I'd love to help. Contact me via my profile or website.
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Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235