Jersey Shore State Bank

The Cambria Somerset Association of REALTORS® is the voice for real estate in Cambria and Somerset Counties.  

 

2022

 

 

In honor of National Homeownership Month, the Pennsylvania Housing Finance Agency (PHFA) is holding a series of free homebuyer workshops throughout the month of June.
These six, 45-minute virtual homebuyer education workshops are a perfect opportunity for those who may be interested in becoming homeowners. The sessions will prepare buyers for the path to homeownership, and those who complete all six sessions will also fulfill the homebuyer education requirement necessary for a PHFA loan.
The sessions are available at both noon and 6 p.m. on the date listed. They are as follows:
• So, You're Thinking about Homeownership – Monday, June 13
• Be a Ready Buyer – Know Your Money! – Wednesday, June 15
• Mortgage Loans 101 – Monday, June 20
• Finding “The One” – Wednesday, June 22
• Sales Agreement Accepted: Now What? – Monday, June 27
• The Closing Table, Getting the Keys, and Life as a Homeowner! – Wednesday, June 29
For more information and to register, click here.      

 

 

City of Johnstown American Rescue Plan (ARPA)

SURVIVE, REVIVE, THRIVE

The City of Johnstown received $30.7 Million as part of the American Rescue Plan passed by the 117th Congress of the United States in 2021. The purpose of the funding is to respond to the issues created by the COVID-19 Pandemic and invest in communities to overcome the financial and social hardships of the virus. In 2021 and 2022, the City of Johnstown developed the Survive, Revive, Thrive plan to execute COVID-19 recovery for the City and to invest in its homeowners, businesses, and non-profits. To that end, four programs are available for members of the community to receive funding.

Home Ownership

One effect of the pandemic included rising home prices, lack of affordable housing, and a dramatic increase in building material costs due to supply chain issues. In response to these issues the City is opening the American Rescue Plan Home Ownership Program. Through this program applicants may apply for funding assistance to help individuals purchase his or her first home in the City of Johnstown. This program is not meant to duplicate the City of Johnstown Housing and Urban Development Fund program offered to low-income residents, but it is meant to augment the program to expand access to funds to those who would otherwise be ineligible to receive assistance. The maximum award amount is $10,000. In addition, residents may also apply for the City of Johnstown American Rescue Plan Home Weatherization program to weatherize the purchased home.

Home Weatherization Program

The Home Weatherization Program is established to help existing City residents with performing necessary weatherization repairs to their homes that may have been delayed or stopped due to the COVID-19 pandemic. With rising costs of available goods, lack of available contractors due to illness, and fears of personal safety, many families had to put off essential weatherization repairs to their homes. Grants are available through this program to assist homeowners in weatherizing their residences, thus saving costly energy bills, improving home value, and eliminating blight within the City of Johnstown. The maximum award amount is $10,000. In addition, residents may also apply for the City of Johnstown American Rescue Plan Home Ownership program to purchase homes for improvements.

https://cityofjohnstownpa.net/city-of-johnstown-american-rescue-plan/

 

WHAT TO KNOW

7 Reasons to Work With a REALTOR®

REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers:

  1. An expert guide.
    Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.
  2. Objective information and opinions.
    REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORs® can use that data to help you determine if the property has what you need.
  3. Property marketing power.
    Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family. When a property is marketed by a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
  4. Negotiation knowledge.
    There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows you the flexibility you need to take that next step.
  5. Up-to-date experience.
    Most people sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.
  6. Your rock during emotional moments.
    A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.
  7. Ethical treatment.
    Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters. 

Present by the Cambria Somerset Association of REALTORS®  Data compiled from the Cambria Somerset Association of REALTORS® Multiple Listing Service

Copyright 2021 Realtors Property Resource® LLC. All Rights Reserved.  Information is not guaranteed. Equal Housing Opportunity.

 

www.REALTOR.org/RealtorBenefits



facebook

Be sure to visit youtube and check out Realtor® videos

Follow the link below to view The Voice for Real Estate

http://www.realtor.org/videos/the-voice-for-real-estate

National Association of REALTORS®
Equal Housing
Pennsylvania Association of REALTORS®
box-CSAOR