Have you ever lived in a community with a Home Owners Association (HOA)? If you live in the Raleigh, Cary, or Wake Forest areas, you probably do........especially if it is a newer neighborhood or has a community pool. HOA dues can fluctuate from community to community based on the benefits they offer. Some condo/townhome communities combine within their HOA fees your trash and recycling, water bill, and all of the exterior and grounds maintenance for your home. If the community has a pool, then you may be getting a really good deal. Break all of these items out individually and add them up, you may find your HOA monthly dues are really affordable. The problem people run into is when they don't account for the HOA dues as part of a monthly expense when they are looking to purchase a home and figuring their monthly mortgage payment. Let me tell you, even if you are not thinking it, your lender is. Although your lender may say you qualify for a mortgage loan up to $200,000, if you are considering a property with a $150/mth HOA fee, you may not qualify for that $200,000 mortgage any longer. Even though you pay your HOA bill separately each month, this amount is considered by your lender as part of your monthly payment and can decrease your purchasing power. The point being, make sure when you are looking to purchase that new Apex home or townhome in Holly Springs, be sure to communicate any HOA fees with the property to your lender so you are sure that you still qualify for the property and don't get caught off guard.
Author:Chad Wingler Phone: 919-323-2616 Dated: April 9th 2014 Views: 17,267 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
"Kristine and I would like to extend a sincere "thank you" for all your efforts in our home buying experience. During this entire experience we have come to look at you as more of a "friend" than just our real estate agent. The way you followed through with both written and verbal commitments is an honorable trait that you should be proud of. It makes us feel good to know that there are agents that go the extra mile like you have done for us. "