Theresa Pammer

A basic home owner's policy protects you in 2 ways:

1. It insures you against loss or damage to the property itself.

2. It also protects against liabilty.

There are many ways you can add or amend basic policies. Most insurers offer varying deductible rates, which can effect your annual premium.

The following qustions will help you sort through certain options:

1. How much coverage do you need? You do not need coverage for the entire purchase price of your home. You would normally deduct the price of the land.

2. Replacement cost vs. actual value? Actual cash value may not be enough due to rising construction costs. Most buyers choose "replacement cost", which is a little more expensive, but will pay for rebuilding you home, no no matter the cost.

3. What are the "named" and "unnamed" perils? The best policy is "all peril" which covers damage from anything not specifically included in the policy language.

4. Do you need personal property insurance? This is highly recommended. You will want to take pictures of rare, very expensive or "one of a kind" items.

5. What are your additional living expenses? For example, if you are stuck in a hotel for a month.

Trying to "time" the market is how buyers miss getting in for "long term" goals. Buyer's must keep in mind that it is the "long-term" factors that make Real Estate a solid investment. In the "short run", all you need to do is find a good buy and make sure you have the financial capability to hol on to it.

To all the buyers out there: "GET OFF THE FENCE" and start benefiting from equity buildup, value appreciation and tax benefits.

We are here to help you realize your dreams of home/property ownership.

In order to abide by the U.S. National Association of Realtos (NAR), Realtor's have duties to Clients and Customers.

These are the reasons why the Pammerkerkering Team is Professional and Effective:

1. We became Realtors to help people realize their dreams.

2. We work with our client's "best interests" at heart.

3. We work with the optimal amount of clients that ensures they get the quality service they deserve.

4. We work daily to find you the home that fits all of your needs and as many of your desires as possible.

5. When things go wrong, and sometimes they will, in a transaction we handle the problem quickly and effectively.

6. We educate our clients every step of the way.

7.We will recommend lenders, title companies, inspectors and other professionals that will coordinate effectivly in the process.

8. We work effectively with other agents to "get the job done".

As Realtors and residents of Collegeville, Pa, Jayne and I would like to share this information for people thinking of moving into the area:

Collegeville, Pa is 22 miles NW of the city of Philadelphia. Residents have easy access to Philadelphia, New York, the Jersey Shore and the Poconos. As of 2009, Collegeville's (zip 19426) population is 37,668. The growth since the 2000 was 19%.

The average age of homes is on the "young" side and property taxes are reasonable but adequate for the funding of local schools and services.

The median home cost is $282,000 and home appreciation in the last year has been -5.90 percent.

There is ample shopping, including the Kink of Prussia Mall, The Philadelphia Premium Outlets and a brand new "high end" shopping center featuring establishments like Wegman's, PF Chang etc.

Local public schools in the Collegville area include: Perkiomen Valley SD, Springford SD and Methacton SD. Collegeville public schools spend $7,656 per student. The average expenditure in the country is $6,058. There are approximately 18 students per teacher in Collegeville, Pa. The local college is Ursinus College. Ursinus was esatblishes in 1869 and was rated among the "Best 361 Colleges" in America by the Princeton Review.

The unemployment rate in Collegeville is 6.70%, below the national average.

More families and individuals may be eligible to become homeowners with the help of a USDA guaranteed home loan.

The federal government agrees to "guarantee" a loan, therefore lending institutions can help buyers while incurring less risk.

Through this program, low and moderate-income people can qualify for mortgages even without a down payment.

TO BE ELIGIBLE:

1. Applicants must have adequate and dependable income.

2. Be a U.S. Citizen, qualified alien, or be legally admitted to the USA for permanent residence.

3. Have an adjusted annual household income that does not exceed the moderate income limit established for that area.

4. Applicants may be eligible to make adjustments to gross income, such as annual child care expenses and $480 per child, in order to qualify.

5. Have a suitable credit history.

6. Have repayment ability based on total debt divided by gross monthly income must be equal to, or less than, 41 percent.