Buying a home can be a very big decision for a person. Typically the largest financial purchase that one will make in their life, it is important to understand what you will be doing. Although every purchase and situation is different, all home purchases occur in 3 main parts.......pre-contract, during contract, closing/after contract. Several things need to happen before you ever find the "right' home and get under contract to purchase. During the Pre-Contract portion of the process a buyer needs to first start with speaking to a mortgage lender (unless you are paying cash) and start the process of getting pre-qualified/pre-approved for a mortgage. The lender will be able to make sure you qualify for the home price you are looking at and confirm that this price point meets your "comfort level" of a monthly payment. It also turns you into a ready and able buyer that is essential in the current Raleigh area market. Sellers are not even considering looking at offers that are not accompanied by a pre-qual/pre-approval letter from a lending institution. Along at this time, the buyer needs to hire a real estate professional to assist them, preferably a Buyer Specialist (one that works exclusively with buyers). The agent will establish the buyers home search criteria and set them up on an automated search alert system. They will tour homes of interest and once the find the right home for them, write an offer. Luckily, once the terms of the offer have been negotiated and both the buyer and seller have signed off on the negotiated contract, the buyer will officially be "under contract" on the purchase of a home. Now you enter into the "During Contract" portion of the process. This is the time that you as the buyer will get into your formal loan application and approval process. You will provide all the documents required by the lender for full underwriting approval. The lender will order an appraisal of the property to make sure that its value is at or above the contract price of the home. You will also be conducting all of the inspections of the property (home, pest, well/septic, radon, chimney,.....) After inspections are complete, you will negotiate repairs to be made to the property by the sellers. This is also the time that you set up your service providers to the home (power, gas, water/sewer, phone/cable/internet, trash,....) as well as getting home insurance set up for the property. Finally, if all goes to plan, you make it to closing day and the signing of all the paperwork. Once all the paperwork is signed, you then just have to wait for funding to be transferred and all documents to be recorded at the register of deeds office. Once recorded, then the home is officially yours. All of this takes place normally in a 6-8 week period. As a buyer specialist, I would be happy to answer any questions you may have and definitely would welcome an opportunity to help you with a purchase in the Wake Forest, Cary, Apex, Holly Springs, Fuquay Varina, Clayton, and Raleigh areas. Kima Real Estate Group is here to help any way we can.............Making a Difference!!!!!
Author:Chad Wingler Phone: 919-323-2616 Dated: December 14th 2014 Views: 644 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
"We enjoyed every aspect of working with Jennifer. She was welcoming, extremely knowledgeable about the area and was always kind and professional. We would highly recommend her to anyone in need of real estate services. Kurt & Kathi McCorkle"