State College, PA

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The Park Forest Enterprises, Inc. Website

                                 Buying a Home Page

 

This Page Last Updated:   January 05, 2009   

 

                                                          

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Park Forest Enterprises, Inc. belongs to the following national and local community organizations:

 

 

 
 

This page is under construction

October 10, 2008

Consider Owning

 

Park Forest Enterprises, Inc. can also help you with the transition from renting to home-ownership.

For more information,

click here.

Or contact our Sales Agents at (814) 238-3431.

 

Many people who are shopping for a place to rent also hope to someday own their home.  If home-ownership is something that interests you, please take advantage of the following resource intended to help you become more informed about home ownership. 

As a home-buyer, it is important that you understand the various roles that Real Estate Agents serve in the State of Pennsylvania.  These roles are outlined in the Consumer Notice.  Please read the Consumer Notice to learn about what kinds of representation are available to you. 

The following table offers some of the pros and cons of home ownership.  There may also be other factors that effect your unique situation which you will need to consider. 

BUY ADVANTAGES CONSIDERATIONS
Property builds equity Responsible for Maintenance
Sense of community, stability, and security Responsible for property taxes
Free to change decor and landscaping Possibility of foreclosure and loss of equity
Not dependent on landlord to maintain property Less mobility than renting
 
RENT Little or no responsibility for maintenance No tax benefits
Easier to move No equity is built up
  No control over rent increases
  Possibility of eviction, sale of the property or failure to renew

 

Please take advantage of the Rent -Vs- Own Financial Calculator to help assess your unique situation.

 

 

Next Page:   Acquiring a Mortgage >>>

 

Introduction

Consumer Notice

Buying:  Pros and Cons

        Appreciation Rates:  Local/Regional/National

        Length of Occupancy

        Building Equity

        Risk

Mortgage Requirements

        Credit Score

        Down Payment

                20% of Purchase Price

                Private Mortgage Insurance

        Pre-Approval   

                Gross Income Requirements

                Net Income Requirements

        Other

 

The Realtors of Park Forest Enterprises, Inc.

        Timothy Gummo

        Todd Hawbaker

        Samuel Hawbaker, Broker

Investment Properties

 

Please contact Timothy Gummo or Todd Hawbaker for further assistance and information about owning your own home.

Info@RentPFE.com

1000 W. Aaron Drive, State College, PA  16803

(814) 238-3431

 

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Park Forest Enterprises, Inc. is a licensed Real Estate brokerage in the state of Pennsylvania