Real Estate Services

An established company, Princes Properties provides quality real estate services in Manhattan and the surrounding boroughs. With over 15 years of experience, we help home buyers and sellers navigate the market and make the process as convenient as possible. Read on for useful tips tip when it comes to purchasing a house or putting your current property up for sale.

Local Selling Tips

Many people think there’s nothing to selling their home. In some cases, this might be true; but for the average homeowner, it usually isn’t the case. Most homeowners are not tuned into the trends and fluctuations of the real estate market or aware of the steps necessary to maximize profits on the sale of their homes.

Local Buying Tips

10 Steps to Prepare for Home Ownership

Decide how much you can afford for a home. Generally, you can afford a home equal in value to between two and three times your gross income.
Develop a wish list of what you’d like your home to have. Then, prioritize the features on your list.
Select three or four neighborhoods you’d like to live in. Consider items such as schools, recreational facilities, area expansion plans, and safety.
Determine if you have enough saved to cover your down payment and closing costs. Closing costs, including taxes, title fees, and transfer fees, average between 2 and 7 percent of the home price.
Get your credit in order. Obtain a copy of your credit report.
Determine how large a mortgage you can qualify for by meeting with your mortgage broker. Also, explore different loans options and decide what’s best for you.
Organize all the documentation a lender will need to pre-approve you for a loan. Get a pre-qualification letter from your mortgage broker.
Research to determine if you qualify for any special mortgage or down– payment-assistance programs.
Calculate the costs of homeownership, including property taxes, insurance, maintenance, and association fees, if applicable.
Find an experienced REALTOR® who can help you through the process.