Welcome to Prudential Gateway Real Estate. Our goal is to provide you with the tools you need to buy or sell a home. With Prudential Gateway Real Estate as your navigator you can search for the ideal neighborhood, learn about the community, and discover your home’s value and more. New listings and resources are added to our website all the time.

Buying a home can be one of your most significant investments in life. Not only are you choosing where you will live but you are most likely investing a large portion of your assets into this venture. The more prepared you are at the outset, the less stressful and overwhelming the buying process will be. Prudential Gateway Real Estate is here to help you with the home finding and buying process so you can make more informed decisions.

 

There are many benefits of being a home owner. Owning your own home is a solid investment. As a fairly general rule, homes appreciate about five percent a year. Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. Five percent may not seem like that much at first, however, since you likely have a mortgage, the interest and property taxes are both tax deductible which in turn makes the rate of return on your home higher than most any other investment you could make. This solid investment is a forced savings plan for homeowners!

You must financially prepare to purchase a home. There are many things to avoid before buying a new home. It is important that you do not move money around. Lenders will be inquiring about the source of your funds and will ask for statements from the last 2-3 months on any of your liquid assets (checking, savings, money market, stocks, 401K). So, in short, leave your money and don’t change banks or perform any other drastic financial changes until you talk with your lender. Other important things to discuss with your real estate agent are job changes, major purchases and debt-to-income ratio.

How much house can you afford? This is a very important question you must know the answer to when looking for a new home. Our mortgage calculator is a great tool for learning how much you should spend on a house based upon your financial situation.

What price are you going to offer for the home you want to buy? You know the sellers asking price but determining an offer is a multi-step process. First, you look at recent sales of similar properties (comparable sales in the area); then you analyze the condition of the home (improvements, market conditions, seller circumstances). Finally, you establish a fair price that you’d like to pay and you work with your sales agent to extend your offer to the seller.

Our buyer tools and resources make the home buying process easy. Learn how much you can afford to pay for a home, what homes are available for sale and information on the community in the area you wish to live.

Contact Prudential Gateway Real Estate