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Home Buying in State College : Real Estate Advice

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  • Local Info3
  • Home Buying12
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Activity 21
Tue Aug 23, 2016
Scott Godzyk answered:
It should have been inspected during the home inspection period which would give some record to it and again during the final walk through. As a month as gone by and a legal question, check with your agent to reach out to the seller or you may want to speak to a lawyer. ... more
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Thu Jan 14, 2016
Scott Godzyk answered:
The water should have been put on for the walk through just before closing. In theory it is the buyers home now and they would need to file. They can ask the seller to pay or ask to split, a lawyer would be the best one to ask. ... more
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Fri Aug 7, 2015
Ed Groussman answered:
You have different options depending on how much your down payment is as well as other factors like credit score and income.

Feel free to contact me directly if you would like me to see if you are eligible.

Thanks
Ed Groussman
347-903-5626
egroussman@homepointfinancial.com
... more
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Wed Nov 12, 2014
mulleys asked:
I am looking at the property at 3850 Scott Road, State College, PA. It has a Trulia estimate of $527,000. The Zillow estimate is in the $300,000s. Trulia's seems much more accurate.…
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Thu Aug 28, 2014
Marina Gorbounov answered:
Have you tried offering to pay for their Trulia membership for 6 months or so? It would pay for itself with just one closing and will get your agent more business. Obviously, you won't be able to do it for many, but select couple. My mortgage broker just offered that and I thought that was really cool. She wants me to be successful and I would be sure to thank her in return. Or sponsor an open house together with the agent, maybe splitting the cost of social media marketing. I as an agent would value my "wingman" mortgage broker trying to see me succeed and offer marketing support. ... more
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Fri Jun 27, 2014
Chris Turley answered:
Hi Natberry,
This is one of the million dollar questions. Rent vs. buy?? Many factors should be taken into consideration when determining whether you should rent or buy; ie; how long you might stay in an area, your ability to get a mortgage, etc., your monies available for down payment and closing costs, etc. Having said that I would be happy to do some simple calculations for you to determine your estimated buying power. It is, however, most important that if you feel buying is your best option that you get pre-approved by a reliable Mortgage Professional. Hope this helped, Chrfis ... more
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Thu Jun 12, 2014
Rachel Fetzer answered:
Have you found a rental for your family yet since your question was in January? There are many open rentals through the year for families and professionals but mid summer to fall is the best time to find a rental unit in this area as things tend to turn over with the University cycle. Our agency has several 2 and 3 bedroom homes and town homes available. Call Heritage Realty at 814-231-0101 or visit www.heritagerealtystatecollege.com. We have units in Bellefonte as well as State College. ... more
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Fri Dec 6, 2013
Chris Turley answered:
This is an excellent question. Title work is not normally performed until after the mortgage process is completed and all systems are "go". I'm more than happy to discuss with you your options further.

Chris Turley
814-880-2308
... more
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Fri Oct 18, 2013
john124 answered:
Hi Judith Muka

A reverse mortgage is a special type of loan available only to older homeowners with full or nearly full equity in their homes. Such owners can borrow against the equity they have built up over the years, but no repayment is necessary until the borrower sells the property or moves elsewhere. If the borrower dies before the property is sold, the estate repays the loan (plus any interest that has accrued.

http://www.reversemortgagelendersdirect.com/pennsylvania-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/no-fee-reverse-mortgage/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-vs-annuities/
http://www.reversemortgagelendersdirect.com/misconceptions-reverse-mortgages/
http://www.reversemortgagelendersdirect.com/reverse-mortgages-who-owns-the-home/
... more
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Thu Aug 15, 2013
Chad Bahnsen answered:
Hi Dan, the agents can assist with the rental. However, I'd be happy to assist your brother in getting pre approved for a mortgage. Hey may want to have a loan officer analyze his credit, income, assets (no cost or obligation for me to do this) so he can prepare himself for purchasing in the future if that is his goal. I'd be happy to help in anyway that I can. Have a great day.
Sincerely,
Chad Bahnsen

Visit My New Website: http://www.chadthemortgageman.com
Chad E. Bahnsen- Mortgage Originator, NMLS# 127719
Mortgage Network, Inc.- Corporate NMLS# 2668
14 E. Stratford Ave Ste 3C
Lansdowne, PA 19050
Cell: 610-457-7262
Office: 610 622-2212
Fax: 1-866-590-3806
E-mail: cbahnsen@mortgagenetwork.com
Licensed by the Pennsylvania Department of Banking and Securities
... more
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Tue Jan 15, 2013
Peter Chiarkas answered:
There are many popular areas in State College to find a place to live. How far from down town would you like to be? The market is very competitive so homes rent very quickly. Please feel free to call with questions at 814-571-8204.

Peter Chiarkas
... more
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Thu Dec 27, 2012
Linda & Ryan Lowe answered:
Hi Katherine! Thank you for taking the time to contact us about an investment property in the State College area! State College has historically proven to have a strong real estate market. A simple answer to your question "is this a good time to buy?" would be, YES! Whether you want positive cash flow, or would like to buy now and sell in the future for a profit, or even both- this is one of the most stable areas to do so and the best time to do it is now. I have also taken advantage of our great real estate market throughout the years and have bought investment properties myself. If you would like me to put you in touch with a lender to discuss your investment options, please let me know and I will be happy to do so. That way we can see if it is in your best interest to purchase right now and we can see what your options are. I look forward to hearing from you! ... more
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Thu Nov 8, 2012
Kristin O'Brien answered:
I agree with all the agents stats below, all very good indicators.

However, the bottom line on how long a home will be on the market is usually determined by what condition your home is in, how you price it, and the marketing you do to find buyers. If you have a great agent that get those three things in line, you will be in good shape!

Here is a link with some good information...

http://www.kristinatkeller.com/atj/user/SellerResourceGetAction.do
... more
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Fri Jul 20, 2012
Tim Moore answered:
What are the points on the loan? This is the largest amount. Next is the appraisal, survey, closing company or lawyer fees. Your lender can better answer this question because they generate most of them and decide what you need in escrow fees to close. ... more
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Tue Oct 27, 2009
Linda White answered:
I think a key factor in your dilemma is that home sellers can ask whatever they want to ask for their home but they may not be able to get it. And we should not disrespect appraisers or lenders who seem to "bring us down to earth" based on current prices of SOLD homes in our location. In your example, it does cost more to build a ranch home than it costs to build a 2-story, for instance. And if a basement is finished or even partially finished, that square footage is noted but it carries less value than finished space above ground level. For example, you may find a home which was valued at $140 per square foot on the above grade square footage and $50 per square foot on the below grade square footage. Either figure could be higher or lower due to the quality of the work on either level. You may find that, comparing prices from Bucks County to Centre County, there is a wide variation based primarily on location. If you are working with a buyer's agent in Centre County, he/she can show you comparable sold properties in your chosen area so you have a better idea of what to offer instead of just giving the seller what he/she is asking. Of course some sellers are reasonable and motivated and others are not. And you should protect yourself by stating that your offer is contingent on an appraised value equal to or greater than the offer price. The bottom line...appraisers and lenders can keep you from paying more than you should for a house. Due to predatory lending and other poor representation in the past, many people have ended up in bad situations. We're all trying to do our part to avoid these issues in the future. If you are not already being represented by an agent in State ColIege, please contact me additional assistance. Linda White, lindawhite@pa.net, 814-571-0804 ... more
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Mon Oct 26, 2009
Christina Musumeci answered:
Hi again Brendan! Since you are internet savvy you can go to statecollegehomes4sale.com and search / refine your search according to your criteria. Just checking that site brought 78 condo/townhouses up on my search. You can also save your searches with my "SearchSaver" option which will automatically send you the new listings as they come on the market. Next stop is pick your agent to be your fiduciary and helper and see your lender for a preapproval. I hope that gets you started and I would enjoy helping you on your journey to State College! ... more
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Sun Jun 28, 2009
Christina Musumeci answered:
One reason why you are not finding the listings is because most new construction is not placed into our MultiList system. As Nina stated, there are less builders building spec homes and most people looking for new construction either use a real estate agent to find these "hidden" homes or are contacting the builder directly to have the home built. Are there certain neighborhoods that you are interested in having a home built or finding a spec home? Is there a certain builder you prefer? An agent can help, I have experience in that process, having built 2 homes for my family and working for a local home builder. If you would like to contact me I would be happy to guide you...I have referenced my website for your convenience.. ... more
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Fri Apr 24, 2009
Peter Chiarkas answered:
Hello and thank you for your interest in our area. Our average list to sale is 95.21% in these areas. I am Alumni from PSU and have been selling real estate for over 10 years. If there are any other questions you may have, please do not hesitate to contact me. ... more
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Fri Apr 10, 2009
Todd Hershbine answered:
Connie, if you are asking about 3252 Marengo Road, it is meticulous, but I think you may be asking about other properties in Port Matilda....if you are interested in 3252 Marengo Road, please email me back.

Todd
... more
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Sun Apr 13, 2008
Nina Chen Landes answered:
Hi David,

If you are referring to the State College Area market, the $350,000+ market saw a noticeable drop off in activity for the majority of 2007. Currently, in the $600,000 in State College, there are 39 active listings, 5 Pending and 6 Closed Listings (Year to Date).

Percentage of Close to List Price**:
2007 State College All Properties: 97.5%
2007 $600,000+: 95.7%
2008 $600,000+ Year to Date: 95.1%

I would be happy to provide you with additional statistics and answer any specific questions that you may have on the State College Market. Feel free to email me: nchen@remax.net

**Statistics Provided from CCAR Data, Information is deemed reliable but not guaranteed
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