Profile picture for Chris Varjan

Chris Varjan

Zillow All Star

The All-Star badge is given to top contributors of the Zillow community. These are active Zillow users who share their real estate knowledge and help others by contributing high-quality content. The more and better the contributions, the more likely an award will be granted. Users' contributions can be seen in their profiles.

Premier Agent

6 Recent Sales (last 12 months)

Buyer's Agent,
Listing Agent,
Commercial R.E.


  • (1 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

I am a first time home buyer.what price ranges should I be looking for? also due to the economy?


Your best bet is to get a mortgage pre-approval first, this will let you know the max you COULD spend, if you wanted to.  Then you need to think about where you'd like to be and how much space you need.  Then I would talk to a broker and see what kind of properties you kind of property options you may have.  It is a great time to buy right now if you are in a position to do so.  However if the right property isn't affordable right you may want to wait a little bit and safe some more.  However you must consider that on a 30 year mortgage (pretty standard)  $500 will pay off roughly $100,000 with the current rates.  What this means is that if a property is $500,000, you will likely have to put down 20% (unless you get an fha loan) which is $100,000.  This leaves a balance of $400,000 which you would finance.  That loan would essentially cost you $2,000 a month plus whatever your taxes/common charges may be.I hope this helps.-Chris