First Time Home Buyer Layton/Farmington/Syracuse areaWe have a few questions... I'll preface it with our situation. My wife and I are looking to purchase our first home in the Layton/Farmington/Syracuse area. We're looking to pay between $150,000 to $175,000, will have enough for 20% down, want a 15 year fixed rate, have excellent credit, and would like to buy anytime this next year or two.1) We want to hold off for a great deal, and have the flexibility/patience to do so. Is it unrealistic to find a home with a current appraisal of $225,000 - $250,000 for around $150,000 in this area? Is it possible to find even a better deal or is this already pushing the limits?2) Eventually I would like to invest in real estate, and to jump start that we're considering purchasing a duplex or home with a basement apartment to rent out. Good idea? Bad idea? Any advice if we go that route?3) I have access and have searched some MLS databases to get an idea of the market. But what is the best way to find a great deal? Buyer Agent, HUD, Auction, Short Sale?I greatly appreciate any advice, Thanks!JordanAugust 05 2012 - Layton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.