Kimberly Kennedy

Kimberly Kennedy

Wednesday, September 7, 2016

Trip to the Mountains, Franklin, NC with Friends

In mid-August, I had the pleasure of accompanying one of my best girlfriends (almost 17 years!) to a cabin that her parents own in Franklin, NC. This was one of the most amazing experiences I've had in my lifetime, even if it was just a few days. The cabin was at the very top of a mountain. I couldn't believe the drive up it, it blew me away. It was a long, skinny, twisting and turning, gravel/dirt road. With the slightest tip of the tire over the side, we would have been goners! Talk about adventure!

My point to this post is that it's easy to forget how lovely life can be when we get caught up in all the commotion of work and "real life."  Take time for family, friends, nature and travel. Make sure you are working to LIVE, not LIVING to work. Your soul will shine brighter and people will notice. Happy people attract happy people. Your vibe attracts your tribe. 

Here's some pics of the trip: 






















Cheers to you and yours,
Kimberly


Monday, August 8, 2016

Reasons Why Your Loan Could Be Denied AFTER Pre-Approval


This just happened to a friend of mine in my hometown in Florida. They were shocked. I figured this was a good enough reason to do some research, ask questions, and write a blog about it. So here we go, girl (or guy):

Obtaining a pre-approval for a mortgage is one of the most significant steps in the home buying process. In order to effectively find a loan within your price range, you need to first BE AWARE of your price range. By talking with a lender, like our amazing guys at Homeside (big ups to my Homeside homies, Noah, Davis, and Charles!), you can determine what size loan you qualify for. This pre-approval process is something that EVERY buyer goes through if they are interested in using a loan to buy a home.

Some people assume that once you have pre-approval, all you have to do is find a home to buy, sign some papers, acquire your funds and purchase the home. But sometimes, you’re blindsided when you can’t get the loan you were originally pre-approved for. In order to dodge this heavy bullet, you need to have full understanding as to how this nightmare could happen. Here’s some of the most common reason’s mortgages are denied, regardless of pre-approval:

A Negative Hit To Your Credit

If you fail to pay your debts on time, or if you take on additional debt- like buying a new car-, this can affect your credit score and lead to a denial. For example, missing a payment on your credit card, can make your credit score go down and could disqualify you from the loan credentials that you had previously qualified for.

Mortgage Fraud

Even though mortgage fraud is rare, it can still happen. The most common type is when the borrower gives the lender wrong information at the time of application. Somewhere down the line the bank or mortgage company does their due diligence and finds out the borrower gave falsified information and BOOM. It’s over. Moral of the story (takin’ it back to kindergarten, y’all)… TELL THE TRUTH. Lying is never a good call.


A Career Change

Your employment status is an important factor in determining your eligibility for a mortgage loan. Your income and your employment history will be analyzed because it’s vital that the lender know that you are capable of paying the mortgage. A change in employment history may not disqualify you for the loan, but it is best to talk with your lender to ensure this. If you change employers but are doing the same work, it may not be an issue. But if you completely change your income and job, you could put yourself at risk. If you change your job after your pre-approved but before you buy a home, you could find out that your lender does not consider your new job adequate for paying back the loan. Also, some loans have employment history requirements. Like an FHA loan, for example, has a minimum employment history requirement of at least 2 consistent years.

A Change In Loan Requirements

Sometimes lenders can change the requirements they have for mortgages. Although this is rare, an example of this may be if the minimum credit score requirement is 650 but the lender decides to increase the minimum credit score to 680 for whatever reason. This can cause a change in your eligibility and it might be best to seek financing elsewhere. After speaking to our fabulous Homeside homie, Davis, he was quick to let me know that although this is extremely rare, you will get notice if there is any MAJOR change in loan terms.

Issues With The Appraisal

If your pre-approval is contingent on a bank appraisal, you may get in a situation where issues with the appraisal lead to the loan being denied. For example, FHA loans have specific requirements regarding gas stations. If a home is too close to a gas station, you can’t get an FHA loan. If the bank appraisal determines that there is a gas station that is too close to the house, you won’t be able to get the loan.

Protect YoSelf

One of the most important things you can do when you buy a home is make sure you avoid doing anything that can negatively impact your credit score and to be sure you educate yourself on how credit works. Pay all credit card bills on time, don’t take out any major debts, be consistent in your employment, credit, and finances in general to ensure your not victim to this unfortunate experience.

Reach out to me if you have any questions about pre-approval or if you simply want to get pre-approved to buy a home. I can help. And our guys at Homeside Financial are AHHHHHmazing and an absolute pleasure to work with. You’ll probably love them as much as we do.  Hope to hear from you soon. Cheers to you and yours!
Kimberly R. Kennedy
Better Homes and Gardens | Go Realty
859-598-9657

“Real Estate is the art of being a valuable advisor, not a sales person.”




Friday, July 29, 2016

Common Mistakes of First Time Home Buyers


Common Mistakes of First Time Home Buyers

Buying a home is intense and emotional. Unfortunately, during the process, many first time homebuyers can forget the most important parts. If you’re thinking of buying, I encourage you to really consider these ideas I put together and do your best not to neglect them. This will ensure a more seamless and less stressful process for you, and everyone else involved in helping you love your home. Roger that? All right, here we go:


1.     There are many programs and grants for first time homebuyers and many people forget to take advantage of these. Don’t let yourself be one of them.
2.     It’s like going to the movies, or to a concert…YOU BUY THE TICKET FIRST, not after. So do yourself a favor, and get pre-approved home loan.
3.     Don’t forget about the hidden costs of buying a home. Your REALTOR better get you a cost estimate before you purchase, and don’t be afraid to ask for one!
4.     Whatever you do, DO NOT, and I repeat, DO NOT skip the home inspection. Don’t be silly. Avoid the potential nightmares you could experience without one. Just trust me on this.
5.     Don’t be blind when it comes to real estate advice! Make sure you’re the one who wants to buy the house, NOT EVERYONE ELSE.
6.     Don’t forget to consider resale value. This kind of speaks for itself. It’s just a good call in case you have (or decide) to move one day.
7.     Take the time to understand market trends. What kind of market are you in right now? BID ACCORDINGLY. Your real estate agent better be able to help you come to a better understanding on how this works.
8.     Don’t forget to budget for your monthly mortgage payment. You’re the one who’s in charge of paying for maintenance and repairs now, too. Make sure you’re financially ready.
9.     Last, but certainly not least, wait till after you pay for a house to FALL IN LOVE with it otherwise you could end up spending more than you bargained for.


As always, I’m here for you first timers, if you need anything. The NC Triangle is a pretty great place to live and I look forward to helping you love your home here. Cheers.

Sending big hugs and good vibes!
-Kimberly Kennedy
850-598-9657

Friday, July 22, 2016

Kimberly R. Kennedy, Go Realty - Holly Springs Community Information

Kimberly R. Kennedy, Go Realty
A Realtor’s Guide to Holly Springs, North Carolina

 Do you want to learn all there is to know about the Holly Springs, North Carolina Real Estate market, as well as information about the community itself? I am a North Carolina Real Estate Agent presently working with Better Homes and Gardens Go Realty. If you are thinking of buying or selling a home in Holly Springs, please get in touch, as I would love to share my real estate expertise. With the support of my team, helping buyers and sellers comes easy to me. Now, sit back and enjoy learning about what makes this town so precious!

A Little Bit of History

This Southern Wake County town got its name from its original landscape where forty-foot holly trees stood over beautiful freshwater springs. To this day, some of the century old springs still feed the creeks and ponds in the area.

In colonial era, a small part of homes and businesses started around the original “holly springs” in an area that used to be a Tuscarora Indian hunting ground (The Tuscarora fled around 1720 to escape the increase of Europeans). The location of this settlement is thought to have been near the intersection of Cass Holt and Avent Ferry Road, roughly across the street from Holly Springs High School. By the 1800’s, the community included a cotton gin, sawmill, a church, a general store and a masonic lodge that was used as the area’s first school. Holly Springs Academy started in 1854 to prepare young men for admission to Wake Forest College. After two years, the first floor of the lodge was used as a school for girls.

A Scottish tailor, named Archibald Leslie, opened a tailoring business in 1817 and began construction of a house near the springs. This is now known as the Leslie-Alford-Mims House. The mansion has 38 rooms and is located off Avent Ferry Road near Holly Springs Town Hall. It was said that during the war, for two weeks, a portion of the Union Army stayed at the Leslie-Alford-Mims House. It has been said that Mrs. Leslie hated the Yankee’s bitterly but loved her home more, so she treated the soldiers decently. Many believe that this is what protected the house from being destroyed, like many other elaborate houses in the area.

During the Civil War, most of the men of the town were gone and both of the schools in the area closed and it is said that Holly Springs became almost abandoned. Historian, M.N. Amis described Holly Springs in 1871 as “a deserted village.” Thieves known as “bummers” eventually raided the town’s food, silver, farms, clothes, homesteads, supplies, or anything of value. Some families moved to other cities. This withdrawal is to have believed triggered the construction of the Chatham Railroad through the neighboring village of Apex, giving the town a link to the outside world that Holly Springs had yet to acquire.

The town of Holly Springs was established in 1877 when two years earlier George Benton Alford moved his blooming mercantile business from Middle Creek Township, which helped brew the economic revival in the community. A year later he bought the Leslie house, which became the centerpiece of the village. He continued to update the house and make additions and it is now one of the largest mansions in Wake County, one of the few with its very own ballroom. Pretty neat!

During the post-war period, the town tried unsuccessfully numerous times to open up the Holly Springs Academy. As a result, children were taught in private homes, and eventually the Masons opened the school, serving 125 students. In 1906 the town needed a larger facility and under the instruction of Raymond A. Burt, J. Carter, and the Women’s School Betterment Association, ten acres were purchased, which at the time was the site of the library and cultural arts center.

During the 1960s, the town hired Dessie Mae Womble, the first black female chief of police in the state of North Carolina. Segregation eventually moved into integration and the segregated schools closed and students were sent to surrounding communities to further their education.

In 1987, when the towns first sewage plant was built, was when the real increase in population occurred. Population increased from 900 in 1992 to an estimated 6000 in 1998 to nearly 25,000 in 2010. The Holly Springs Community Library and a cultural arts facility opened in December 2006.

For years, the town leaders have become increasingly confident that the town will experience significant growth due to its close proximity to the Research Triangle Park.

Location
Holly Springs sits about 18 miles from the Research Triangle Park, about 6 miles South of Apex and about 8 miles north of Fuquay-Varina.

Weather
-       The highest monthly average temperature in Holly Springs for August is 80 degrees.
-       The lowest monthly average temperature in Holly Springs for January is 43 degrees.
-       The most monthly precipitation in Holly Springs occurs in September with 5 inches.
-       The air quality index in Holly Springs is 13% better than the national average.
-       The pollution index in Holly Springs is 72% better than the national average.

Click Here for more Holly Springs weather statistics.

Notable
-       In 2007, Holly Springs was ranked the 22nd best small town to live in, according to a CNNMoney.com evaluation.
-       The Harrington-Dewar House, Holly Springs Masonic Lodge, and Leslie-Alford-Mims House are listed on the National Register of Historic Places.
-       On April 16th, 2011, a large tornado touched down close to the Holly Springs town center, uprooting trees and destroying homes and buildings.

Recreation
-       Bass Lake Park
-       Greenways
-       Jones Park
-       Parish Womble Park
-       Sugg Farm Park

Holly Springs is also home to the Holly Springs Salamanders, a baseball team that plays in the Coastal Plain League. Their games are fun to attend and the tickets are reasonably priced. It’s a great family outing and kids have a blast! Don’t forget to get a picture with Sal, the Salamander!

Education
Public Schools



Private Schools



Demographics and Real Estate
As of the census in 2010, there were 24, 661 people living in Holly Springs, consisting of 8,147 households, and 6,706 families. In the year 2000 census, there were only 9,192 people, 3,316 households, and 2,609 families, proving a huge rate of growth during the past decade.

Out of the 8, 147 households, 55 percent had children under the age of 18 living with them, 70 percent were married couples living together, 9.4 percent had a female with no husband present, and 17.7 percent were non families. 14.5 percent of all households are made up of individuals and 2.9 percent had someone living alone who 65 years of age or older. The average household size in Holly Springs is 3.03 and the average family size is 3.38.

In Holly Springs, 32 percent of the population are under the age of 18, 5 percent from 18-24, 45 percent from 25-44, 16 percent from 45-64, and 5 percent from 65 years of age or older. The median age is 33 years. For every 100 females, there are 97 males. The population is 51 percent female and 48.6 percent male. (Way to go, ladies!)
The median income for a household in the town is $85,000, and the median income for a family was $92,539. The per capita income for the town was $31, 527. About 2.6 percent of families were below the poverty line, including 4.7 percent of those under the age of 18 and 12.9 percent of those age 65 and older.

Holly Springs has no plans to become a large town in the near future – perfect news for those looking for a good real estate deal in this area of North Carolina. While the average home prices in Holly Springs are not what some would consider inexpensive, they do offer a great value for those who desire to live in a small town close to Raleigh or Durham.

You can find all types of homes in Holly Springs. The median price right now is about $377,900. Remember, that this figure represents the middle price of all homes listed. This means that half of the homes in Holly Springs cost less than this and half of them cost more. This is good news for those who want a value, because it is certainly possible to find it with the right help.

The best way to locate the house you want for the price you can afford is through an experienced Realtor covering Holly Springs real estate. While it is possible to find a home you want on your own, there is a significant amount of work involved. It is not something that you can spend a few hours doing and hope for success. It takes time and networking to discover the best deals as they arrive on the market. An agent experienced in Holly Springs real estate information will know the right channels to explore – areas that the average person typically does not have access to. Your real estate agent will have an established network of data to track down the perfect house for you and your family and will have the necessary expertise to negotiate the best price for your new home.

Holly Springs is a competitive market. The average home prices here are a bit higher than a town like Durham, for instance. But while you do get what you pay for – Holly Springs is a charming small town with all the historical touches that you want. There is new construction available if you are seeking to build from scratch. The typical price point for new homes in town range from a low of around $269,900 to a high around $899,900. Average price for new construction is around $438,912.

Why Holly Springs?
There is a reason why Holly Springs, North Carolina has become a more popular place to live. This small historical community has a lot to offer the family that wants easy access to Raleigh, Cary, Durham or Chapel Hill, while enjoying the small-town charm that Holly Springs has to offer. House hunting in a place like this can be hard, but fortunately you do not have to go it alone. With a real estate agent on your side that is familiar with the area and understands buying and selling in town, you can find the home you are looking for.

Why you should “Connect With Kennedy”
If you are in the market to buy, you will find a variety of residential options to choose from to fit your lifestyle and budget needs. I can be your guide to the Real Estate market as an educated buyer’s agent. Lots of real estate agents think marketing is putting a for sale sign in your yard and listing on the Multiple Listing Service (MLS). This is what post and pray real estate agents do! Put a sign in the yard, put it in MLS and pray. This is NOT what you want! Selling your home is an emotional process and you want someone who respects that and treats the listing with that kind of importance. 

When it comes to Real Estate marketing, you will find that I do things that other Realtors do not, including spending time on search engine optimization and social media marketing. Seeing your home featured in Facebook, Pinterest, LinkedIn and Twitter, to name a few, are the norm for me, not the exception.
Additional things that help your home stand out include exceptional professional photography, vivid descriptions describing all the best features of your home, along with a video tour that will be found in YouTube, Realtor.com, Zillow, Trulia, and MLS.

If you’re looking for an awesome Holly Springs, NC real estate agent to either buy or sell a home, I would love the opportunity to speak with you and show you what I’m made of. #ConnectWithKennedy

Cheers to You and Yours, 
Kimberly R. Kennedy
Better Homes and Gardens | Go Realty
859-598-9657

“Real Estate is the art of being a valuable advisor, not a sales person.”