Buying a home is probably the biggest financial commitment you’ll ever make; it’s not just a dollars and cents issue but also an investment in your life.
Such a momentous occasion calls for the support of a savvy professional. Prudential New Jersey Properties empowers its Sales Associates to provide the highest level of customer service in the industry, backed by the tremendous resources and solid history of Prudential Real Estate and guided by our core values of Integrity, Success, Excellence, Dependability and Energy.
Our cutting-edge web platform puts the power of Web 2.0 at your fingertips: advanced search tools with smart mapping, multiple high-resolution photos, instant response via SMS messaging, detailed school and community information, local market statistics, property-specific websites, and more!
To get started on your home search, or to connect with one of our Sales Associates, click one of the links below.
If you’re a first-time home buyer, or just need a real estate buying refresher, select from the tabs below.
With every rent check you write, you're helping to build equity in your landlord's property. That money could be going toward building equity in a home of your own. Today's rates are near record lows, meaning that your mortgage payment could be lower than your rent payment — especially when you factor in the tax advantages of home ownership. For more information the benefits of home ownership, contact a
Prudential New Jersey Properties Sales Associate.
Benefits of Working with a Real Estate Agent
It’s difficult to come up with a reason not to enlist the support of an experienced professional to help guide your home purchase. Buyer’s agents, as the name implies, represent the best interests of buyers—not sellers—and there is no fee to buyers for their services; their commissions are split with the seller’s agent at closing.
While nearly 90% of all buyers now begin their home search online, 83% of those who used the internet in their search purchase their home through a real estate agent. *
An experienced Real Estate agent can support you in a number of ways. Look for an agent who is:
- knowledgeable about the local community.
- experienced in the process (ask for references and credentials).
- has access to the latest real estate web platforms and reporting tools, including community reports, interactive maps, blogs and social networking sites, e-mail alerts, mobile messaging, etc.
- is connected with a host of other support professionals and full-service resources to assist you in your purchase (e.g., mortgage and insurance representatives, attorneys, inspection companies, etc.).
In addition, check out the agent’s specific certifications. For example, if you are relocating to New Jersey, request an agent who is certified as a Relocation Broker. Agents may also be e-certified (for competence in technology and the internet), Quality Service Certified (attesting that the agent adheres to the highest professional standards in the industry and consistently delivers on promises), or certified as Accredited Buyer Representatives, among others.
For more information on what to look for and expect of a Buyer’s Agent, check out the following link:
Expectations of Your Real Estate Agent
Search for a Prudential New Jersey Properties real estate agent, or contact us and we’ll connect you with one of our Sales Associates whose expertise coincides with your needs.
What is a REALTOR®?
Many people incorrectly use the terms Real Estate Agent and REALTOR® interchangeably. While both are licensed to sell real estate, the basic difference is that REALTORS® are members of the National Association of REALTORS® (NAR) and, as such, must subscribe to a strict REALTOR® Code of Ethics.
The REALTOR® Code of Ethics is a promise to the public that when dealing with a REALTOR®, they can expect honest and ethical treatment in all transaction-related matters. All REALTORS® are required to complete a minimum of 2½ hours of orientation on the Code of Ethics. Existing members must periodically take a refresher course.
Only REALTORS® pledge to abide by the Code of Ethics and only REALTORS® are held accountable for their ethical behavior.
Download the NAR Code of Ethics.
*DATA SOURCE: The 2008 National Association of REALTORS® Survey of Home Buyers and Sellers
Our Family of Services: Your One-Stop Shop
Whether you are buying or selling, our Family of Services Companies provide seamless and convenient access to all the real estate-related services you need. With mortgage, title, home warranty and insurance, we give you the peace of mind you deserve.
You can relax, knowing that the support and guidance so critical to your purchase are at your fingertips. Contact a Prudential New Jersey Properties Sales Associate for immediate assistance with financing and insurance services.
Use our handy mortgage calculator to help determine how much home you can afford and how much you can borrow.
About Our Mortgage Partner...
Prudential New Jersey Properties has a longstanding affiliation with a full-service mortgage broker whose experienced staff offers expertise in every area of mortgage lending … from purchase to refinance to construction lending. Our affiliate has access to a full range of mortgage sources and all its lending specialists are dedicated to finding the right loan – with the best rates, terms and costs – to meet your unique needs. Our affiliate is always committed to providing you with fair and extremely competitive rates while delivering superior customer service.
What’s more, all of these exceptional mortgage services, plus investment calculators, are now available online. Through our affiliate you not only have access to the best loans available in the marketplace, but you can also review loan alternatives and even apply for your loan at your convenience, online – 24 hours a day.
Mortgage Pre-Approval
This is an upfront evaluation of your credit worthiness based on your income, assets, debts and credit history. When these factors are evaluated, you may be pre-qualified or pre-approved for the maximum mortgage amount. You will know exactly how much you can afford before you start the process, giving you the ability to negotiate for a more competitive sale price. In addition, Sellers often look more favorably on offers from pre-approved buyers.
Visit our mortgage affiliate's website for more information or pre-approval.
What a Buyer Should Expect During the Closing
The last step in the home buying process is what real estate professionals commonly refer to as “the closing.” The closing, or settlement or close of escrow, is when all the progressive steps in buying a home from the acceptance of the offer, title search, home inspection, mortgage approval, and so on, come together in a final transaction. The documents are ready to sign, the buyer is ready to hand over the purchase price and the seller is ready to transfer title—and most importantly the keys!
Usually held in an office setting, most require about an hour and may be attended by some or all of the various parties in the process: the buyer, seller, real estate sales professionals or attorney, and title-company representative.
What goes on during the closing? The buyer reviews and signs loan and real estate documents, as well as pays for the property, closing and other costs. One such loan document is the federal Truth-in-Lending disclosure form which describes the annual rate of financing (APR), finance charges, amount financed, total of payments and the payment schedule. There will also be a form itemizing what your monthly payment consists of including the principal, interest, taxes, insurance and other monthly charges. If everything is in order, the buyer signs the loan papers.
Real estate documents are just as important. There’s the HUD-1 form, which you have the right to inspect at least one day before the closing. This statement itemizes services provided and the fees charged for the entire real estate transactions. There will be a breakdown of the seller’s and buyer’s (borrower) financial obligations. Some of the charges include appraisal fee, credit report fee, loan origination fee, loan discount (points), title insurance fee, government recording fees, PMI Premium, inspections and attorney fee.
Other real estate documents that may be reviewed and/or signed include title documents, warranty deed (which transfers the title of the property) and other acknowledgment of reports.
Assuming that the funds are in order, the deed is correct and the title is clear, the final step is the disbursement of funds to the seller for the purchase price of the home. The title company should already have the loan funds in its possession, but the buyer will need to bring a cashier’s or certified check for the down payment and the closing costs if it was not included in the mortgage loan. If the buyer’s annual real estate taxes and homeowner’s insurance will be paid through the lender, an escrow account will also be established.
Once all the papers are signed and funds are disbursed, the buyer will receive the keys and is now a homeowner.
Prudential New Jersey Properties’ Relocation Department has enjoyed many years of first-place productivity in the Prudential Network. Serving more than 1,200 corporate referrals annually, our certified relocation specialists assist major corporations' transferees in pre-marketing properties, home-finding, and corporate property management services.
As a transferee, you can trust our team of professionals to provide a stress-free home search experience. Certified agents handle all facets of the home-buying process from “contact to close,” including:
Destination Counseling: Transferees from all over the world enjoy an informative overview of our expansive New Jersey territory. Audiovisual presentations often assist them with decision-making, and our informative relocation packets cover all aspects of the moving process. A full-time manager is always available for guidance.
Custom Area Tours: Prudential-certified real estate agents assist transferees and provide them with more definitive area information and up-to-date computer-generated school reporting. Their thorough area overview assists relocating buyers in selecting areas that are most appealing, convenient and appropriate for their needs.
The following links to state and local sites an overview of New Jersey’s towns and regions. Contact our Relocation Department for assistance in selecting a qualified agent in your area of interest.
New Jersey County Information
New Jersey Municipal Information
New Jersey State Information
Corporate and foreclosure properties are marketed with expertise by a manager and certified agents trained in marketing these special properties. We offer property management services from acquisition through closing, including billing and reporting services.
Transferees’ needs and concerns are our priority. Prudential New Jersey Properties has earned the many awards we received by finding solutions. When you're transferring into or around New Jersey, we'll give you and your corporation the best possible service.
Relocation Partners
For decades, Prudential New Jersey Properties has been the real estate company of choice for people moving to and from New Jersey. We are a trusted source for our corporate relocation clients who benefit from our membership in Prudential Real Estate’s established Broker Network, which includes the prospective real estate contacts of more than 64,000 industry professionals. If your life’s journey takes you beyond the Garden State, we invite you to visit some of our Relocation Partners across the country.
Prudential Tri-State
The Prudential Real Estate Affiliates are the leading full-service real estate companies in virtually every region of the New York Tri-State Area.
PrudentialTriState.com is the gateway to over 100,000 current property listings inside the 100-mile radius of Midtown Manhattan.