State College Real Estate and Community News

Sept. 30, 2021

Millward named to "30 Under 30"

McKenzie Millward, REALTOR® with RE/MAX Centre Realty, was just named to Pennsylvania Business Central's Top 30 Under 30 list for 2021. 

As a full-service real estate agent with over 6 years of professional experience, McKenzie owns residential and rental properties, has worked with builders, and has assisted over 240 clients in the selling and purchasing of homes and investment properties.

Since her start in real estate in December 2015, she has earned many designations, such as Certified Residential Specialist, Accredited Buyer’s Representative, Certified Negotiation Expert, and Certified Staging Expert.

As a life-long resident of State College, Millward is a proud supporter of several charities and non-profit organizations in the area, including Team Ream, Centre Volunteers in Medicine, Coaches vs. Cancer, Centre County United Way, Centre Safe, and The Children’s Miracle Network.

In her spare time, she enjoys traveling, boating at Lake Raystown, and spending time with her friends, family, and two dogs, Mackey and Abel.

Posted in RE/MAX News
Sept. 30, 2021

Real Estate 101: Mortgage Pre-Approval

Note: This post is part of an ongoing series aimed at helping first-time homebuyers.

If you're thinking about buying your first home, getting pre-approved for a mortgage should be the first item on your to-do list. So, what does that mean and why do you need it?

Pre-approval means that a mortgage lender has gone over your financials and can state, in writing, how much you're qualified to borrow. This is crucial information because it helps you define your price range, the amount of the down payment you'll need in that price range, and even the neighborhoods that are within your financial reach. There's nothing more heartbreaking for hopeful buyers than realizing the home they've set their hearts on is priced too high for their borrowing power.

But these aren't the only advantages of pre-approval. Having that lender "seal of approval" makes you a more solid candidate in the eyes of sellers. And that can make the difference between moving into and saying goodbye to a home you love.

More buyers today are competing with each other for properties. In many markets, there is a limited supply of homes for sale. In areas with low inventory, pre-approved buyers already have a leg up on the competition, because they're that much closer to being able to complete a sale.

In some cases you have to be pre-approved to even be able to put in a bid. That's typically the case if, for example, you're considering buying short sales and foreclosures.

So take that important first step toward homeownership by getting pre-approved. Contact a local RE/MAX agent who can help you navigate the whole process.

Pre-Approval Prep

To get ready for pre-approval, know what's in your credit reports, pay off as many outstanding debts as possible, and get your financial papers in order. You'll be asked to provide several types of documents, including:

  • Photo ID (usually a driver's license or passport)
  • Social security number
  • Recent pay stubs - usually for the previous two months
  • W-2 tax forms for the past two years
  • Two years of federal tax returns
  • Two months of recent bank statements
  • The lender may also ask for any other investment and savings statements, as well as contact information for your landlord (if you're renting).

After your paperwork is complete, the lender can often respond in as quickly as 48 hours.

Posted in Real Estate 101
Sept. 14, 2021

Real Estate 101: Closing Costs & More

Note: This post is part of an ongoing series aimed at helping first-time homebuyers.

Closing costs are the costs associated with “closing” the purchase deal. These costs can include legal and administrative fees related to the home purchase. Closing costs are additional to the purchase price of the home.

Closing costs are just a small part of the entire closing process. Listen to REALTOR® McKenzie Millward as she highlights the most important steps you'll take when closing on a home.

Posted in Real Estate 101
Sept. 2, 2021

Real Estate 101: Seller Assist

Note: This post is part of an ongoing series aimed at helping first-time homebuyers.

Seller assist is a feature of some loan programs that allows the seller to pay for some or all of the buyer's closing costs. This can be an attractive option for buyers who are low on cash, or for sellers who are having difficulty selling their home. Also known as seller concessions.

REALTOR® Nicole Hoover has more:

Posted in Real Estate 101
Aug. 19, 2021

Real Estate 101: Earnest Money

Note: This post is part of an ongoing series aimed at helping first-time homebuyers.

Earnest money is a deposit made by the buyer that shows their intention and ability to purchase a home. Oftentimes, a contract will require forfeiture of the deposit if the buyer defaults. Also known as an escrow deposit or good faith money.

REALTOR® Don Myers has more:

Posted in Real Estate 101
May 24, 2021

Thinking About a Career in Real Estate?

If you’re considering a career in real estate, we’ve got you covered! 

Join us for our Virtual Career Night on Wednesday, June 23 at 6:00 PM – the perfect chance to learn more about a booming industry from the local pros. 

We’ll cover the steps to getting your Pennsylvania real estate license, along with tips on setting yourself up to win once you launch your business.

We’re passionate about real estate – and passionate about success, too. If you’re ready for a change (and a challenge), join us to learn more about this incredible field.

Preregister here, then check your email for a confirmation that includes info on how to join the event.

Posted in RE/MAX News
May 19, 2021

Trustees Pave Way for New Art Facility

UNIVERSITY PARK – A recent vote from the Penn State Board of Trustees makes it official – The Palmer Museum of Art will be getting a brand-new home at the Arboretum.

“Situating [the museum] within the Arboretum will create a cultural resource unlike any other in our region, connecting art, nature and science in exciting new ways,” said Penn State President Eric J. Barron. “The complex will further our strategic goals of advancing the arts and humanities and – because cultural opportunities also create economic opportunities – of driving economic development.”

The new facility comes with many perks, including the opportunity to display more of the university’s world-class permanent collections. Additionally, behind-the-scenes spaces will be improved with the goal to increase museum efficiency and provide areas for interns and grad students to work. The new facility will also include two new classrooms, a discovery/exploration space for children, a teaching gallery and more.

Keeping in line with the Arboretum, the gallery will include flexible indoor event spaces, along with an outdoor event terrace that can be used to host public events and generate revenue.

Already the largest art museum between Pittsburgh and Philadelphia, The Palmer will continue to be a cultural asset for the State College community and beyond.

Posted in Community News
May 4, 2021

Report: State College is #1 Emerging PA Market

A study by The Wall Street Journal and Realtor.com has named State College the number one housing market in all of Pennsylvania – beating out big hitters like Harrisburg, Lancaster, Philadelphia and Pittsburgh.

The new report is based on a variety of housing metrics, along with nonhousing indicators like how likely a person is to enjoy living in an area. Factors taken into consideration include supply/demand, median listing price, unemployment, wages, regional price parities, amenities, commute time and small business presence.

We’re thrilled to have our hometown recognized on a national level – an honor it truly deserves.

Want to buy or sell here? In an increasingly tight market, you’ll need a Realtor® on your side. Call us to get in touch with a RE/MAX professional who can help you achieve your real estate goals.

Posted in Real Estate News
April 29, 2021

Welcome to the New StateCollegeHomes.com

Your one-stop shop for Centre County real estate has arrived!

The all-new StateCollegeHomes.com – home of RE/MAX Centre Realty – has a fresh look and improved functionality that makes finding your dream home easier than ever before.

Begin your home-buying journey with our customizable Advanced Search, where you can narrow down your results with detailed criteria like acreage, year built, garage stalls and more.

View your results in list form or by map – the choice is yours. Don’t forget to "heart" your favorite properties to view later!

Interested in selling? Our home valuation tool can give you an estimate of your home’s worth (but make sure to reach out to a REALTOR® for a detailed analysis!). Don’t forget to create your own custom market report, another powerful tool for sellers. 

To take advantage of everything StateCollegeHomes.com has to offer, make sure to create an account – now even easier, thanks to a Facebook login option. Once you’re signed in, create and save as many searches as you’d like, with the option to receive email notifications for new listings and price drops.

We want to provide you with the best browsing experience possible, which is why we created a site with enhanced mobile browsing – perfect for checking New Listings or Open Houses on the go.

We hope you’ll join us for this new chapter … let StateCollegeHomes.com be your real estate resource for all things Happy Valley.

 

Posted in RE/MAX News