The last several years since the Real Estate "bubble" popped in 2008 have been difficult for lots of Americans. People found that they were in homes they couldn't afford, should have never qualified for, and probably should have known better than buying. Lots of Americans were forced to go through the process of bankruptcy or foreclosure. Now in 2014, things have gotten more back to normal and the housing market is getting back on track. In the Raleigh area, the housing market is very strong. Recent numbers indicate that median home prices in Wake County are up 5% over 2013 while days on market is down 7.9%. Interest rates are still historically low for qualified buyers (around 4.5%). If you are one of the unlucky ones that had to endure a foreclosure, bankruptcy, or shortsale in your past and now ready to buy a home in Cary, Wake Forest, Apex, Fuquay Varina, or anywhere in between, here are some guidelines you need to know.......
If you went through a Bankruptcy, then here some basic wait periods from the discharge date for you to be eligable for a new mortgage: FHA or VA loans - 2 years, USDA Loans - 3 years, Conventional Loans - 4 years Did you go through a Foreclosure? Here are your numbers: FHA or USDA Loans - 3 years, VA Loans - 2 years, Conventional Loans - 7 years unless documented extenuating circumstances which only require a 3 yr waiting period It is always best to consult a local mortgage lending professional for your exact situation and we will be happy to refer you to one of our outstanding local lenders. Know the facts and info up front so you can look and purchase confidently. Our team here at the Kima Real Estate Group is ready to help you.
Author:Chad Wingler Phone: 919-323-2616 Dated: June 12th 2014 Views: 5,058 About Chad: Buying a new house is one of the largest steps a person makes in their life; emotionally, physically...
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When it comes to providing the utmost in personal service to his clients, Peter Kima is on the cutting edge. This family man's demanding work ethic was passed on from his parents. His mother, a first generation German-American, forged a new life in a strange country. His father, who has not missed a day of work since 1972, led by example. Peter does not rest until he's done everything in his power to help you achieve your goals. As a husband and a father, his understanding of the importance of a family's home is reflected in his every move.
When Peter is not helping one of his clients, he can be found volunteering his time running a charity Lobster Bingo event, cooking burgers at the local Fire Station to benefit the children in the community, delivering dictionaries to every 3rd grade student in Wake County with his Kiwanis Club, collecting school supplies for the needy, or ringing the bell for the Salvation Army. His favorite pastime, however, is spending time with his wife, Jennifer, and their two sons, Cole (12) and Camden (9 going on 20!).
Peter has resided in Germany, California, Georgia, Indiana, Massachusetts, North Carolina, Oregon and Vermont. Having lived in North Carolina for over 10 years, Peter refers to North Carolina as home. Don't underestimate the value of Peter's moving experience. He and his team understand the rigors involved in making a family move. Rely on that experience to help you.
I have been helping buyers in the Raleigh Real Estate market for over
"I recently relocated to Raleigh from Destin. Florida and was very fortunate to have Peter Kima as my real estate agent. After my first phone conversation with Peter, I was convinced that he would work aggressively on my behalf to find me a house that fit all the criteria I requested in a home. Peter got to work immediately and began sending me home listings to view prior to my trip to Raleigh.
Upon meeting Peter in Raleigh, I was very impressed with how organized and well prepared he was for our first day of house hunting. He made sure to keep my specific requirements in mind when choosing homes for me to view. Peter was very efficient and organized which was critical to me as I only had three days in order to find a home. I did find the perfect house and Peter worked diligently on my behalf from writing the offer to the closing. Since I was out of town, Peter arranged all of my inspections and made sure that all necessary repairs were made prior to my arrival in Raleigh.
I imagined it would be very difficult to coordinate all that goes into an out of state move but Peter made the entire process absolutely pain free! I would recommend Peter Kima to anyone looking to buy or sell real estate because he genuinely listens to his client's needs and goes above and beyond his duties as a real estate agent."