Devastation in OK reminds how good we have it here

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Aside from its natural beauty, Chester County is largely protected from natural disasters

By Amy Dettore, Columnist, The Times

UTColLogoAmyDettoreIt breaks my heart to see all the devastation from the deadly tornado in Moore, Ok. It sometimes feels like it’s just one thing after the next of negative things occurring in our world. It really helps to put things in perspective when you consider the big picture.

We have it good here in Chester County. We are relatively protected from natural disasters such as earthquakes and tornados. While we live close to the ocean, we wouldn’t be affected by tsunamis or flooding. We occasionally have to deal with the Brandywine River flooding, but I am thankful that I live where I live in the beautiful rolling hills of Chester County.

Growing up, I can remember by father always saying a prayer at the dinner table that ended with, “We pray for safety, health and happiness.” Those three things are probably the most important things in life. And I don’t feel like anything that I have to say that’s relative to the real estate market or economy is that important in the scheme of things and considering what other people in the country are dealing with.

Attached is some positive news. You will find some statistics regarding the Unionville-Chadds Ford School District real estate sales for April 2013. Both sale prices and volume are up compared to that of last year. The average sale price in April, 2103 was
$532,000 vs average sale price of $417,000 in 2012. Rates are still low and we continue to experience a shortage in inventory.

Additionally, here is an article from CNN/Fortune regarding Federal Housing Administration loans and how the FHA will require borrowers to now pay mortgage insurance for the life of the loan. This is not great news for borrowers who don’t have a lot of cash
to put down. They usually have to pay a higher rate than borrowers with 20% down and now, they will have to pay that higher rate for as long as 30 years! Buyer beware.

There is another loan program available to buyers in PA who wish to avoid this mortgage insurance premium. It is both income and credit driven. Feel free to inquire for more details.

And, may you please stay safe, healthy and happy this holiday weekend.

Amy Dettore is a realtor with Prudential Fox and Roach Realtors and resides in Chadds Ford, PA with her husband and six children. She is involved in the community primarily through her children’s extra-curricular activities and can be spotted around town on any given day with cell phone in hand and child in tow. When asked, “how do you do it, six kids and work?”, her answer has always been, “I don’t know, I just do!” Amy has been selling Real Estate for the last 15 years and is appreciated by her clients as being a hard worker, honest, responsive and trustworthy. To learn more about Amy, visit her website: www.AmyDettore.com.

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