FREQUENTLY ASKED QUESTIONS.
Common questions about buying, selling, and investing in real estate throughout Northeastern Pennsylvania.
Buying a Home
How long does it take to buy a home in Pennsylvania?
From accepted offer to closing typically takes 45 to 60 days. Inspection periods run about 15 days from contract execution; mortgage processing typically takes 30 to 45 days. Pre-approval can usually be obtained in one to three business days.
How much is a down payment on a home in Pennsylvania?
Down payments typically range from 3% to 25% of the purchase price, depending on the loan type. FHA loans can be as low as 3.5% down; conventional loans often require 5% to 20%; VA and USDA loans may require no down payment for eligible buyers.
Is Pennsylvania an escrow state or a settlement state?
Pennsylvania is a settlement state, not an escrow state. Transactions close at a title company or law office with all parties present to execute the deed and transfer documents. This differs from many other states where escrow companies manage the closing remotely.
What is the home inspection period in Pennsylvania?
The inspection contingency period is typically 15 days from contract execution. During this time, buyers may inspect the property and negotiate repairs or credits based on findings. Extensions are possible by written agreement.
What is Pennsylvania transfer tax?
Pennsylvania transfer tax is typically 2% of the sale price, split evenly between buyer and seller at 1% each. In some municipalities — including Pittston City and Wilkes-Barre City — an additional local transfer tax applies, increasing the total above 2%.
Selling Your Property
How do I sell my home in Northeastern Pennsylvania?
Contact us for a complimentary comparative market analysis. We'll review recent comparable sales, assess your property's condition, develop a pricing strategy, and coordinate professional photography and MLS listing. Our team handles the full process from listing through settlement.
How long does it take to sell a home in NEPA?
Days on market varies widely by community and price point. Properly priced, well-presented homes in active submarkets can go under contract quickly; unique or higher-priced properties may take longer. We provide community-specific market data to set accurate expectations.
What MLS board does Jonathan J. Nelson Real Estate belong to?
Jonathan J. Nelson Real Estate is a member of the Luzerne County Association of Realtors, which operates the local MLS serving the Wyoming Valley and surrounding communities. Our listings receive full regional MLS exposure.
Commercial & Investment Real Estate
What commercial property types does JJNRE handle?
We handle office, industrial, warehouse, flex, retail, multi-family, and mixed-use commercial properties throughout Northeastern Pennsylvania. We represent both buyers and sellers across Luzerne, Lackawanna, Monroe, Carbon, and Wyoming counties.
What is the cap rate environment in NEPA?
Northeastern Pennsylvania consistently offers investment yields that are difficult to find in larger metropolitan markets. Low acquisition prices, stable tenant demand, and the region's logistics growth story create favorable conditions for both residential income investors and commercial property buyers. Contact us for current market data.
Property Management
What is the security deposit limit in Pennsylvania?
Under the Pennsylvania Landlord and Tenant Act of 1951, landlords may collect a maximum of two months' rent as a security deposit in the first year of tenancy, reduced to one month's rent in subsequent years. Security deposits must be returned within 30 days of vacancy.
What counties does Northview Property Management cover?
Northview Property Management, our property management affiliate operating under the brokerage's license, covers Luzerne, Lackawanna, Wyoming, Monroe, and Carbon counties in Northeastern Pennsylvania.
About the Brokerage
Where is Jonathan J. Nelson Real Estate located?
Our office is located at 9 N. Main Street, Pittston, PA 18640. You can reach us by phone at (570) 212-9583 or by e-mail at jonathanjnelsonrealestate@gmail.com.
What areas does Jonathan J. Nelson Real Estate serve?
We serve communities throughout Luzerne, Lackawanna, Wyoming, Monroe, and Carbon counties — covering the Wyoming Valley, Back Mountain, Scranton/Lackawanna area, Pocono region, and surrounding communities. See our full list of 56 communities.
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