Many  consumers are now taking a serious look at the many buying opportunities in the second home real estate market in Wilmington, NC. What better time to purchase a vacation home, retirement home or perhaps a residence that may be appealing to vacationers and possibly create rental income. Second homes or vacation homes can include beach cottages, mountain cabins, or lake homes or condos and downtown or riverfront lofts. Of course, the most popular are beach or seaside cottages. Read the rest of this entry

Waiting on the side lines for home prices to fall?

Consider this. Let’s assume that home prices do fall another 15% and interest rates go up.

Current Scenario                                                         Down the Road Scenario

Sales price       $250,000                                             Sales price       $212,500

5% down           $12,500 5% down           $10,625

Loan Amt        $237,500                                             Loan Amt        $201,875

30 yr fixed @ 4.75%                                                       30 yr fixed @ 6%

P & I = $1,238.91                                      P & I = $1,274.04 Read the rest of this entry

Short Sale seems to be the buzz these days as more sellers are opting to avert a foreclosure proceeding and possibly save their credit and buyers are now searching for the ultimate deal. Read the rest of this entry

Good News for Home Buyers and Sellers

Coldwell Banker International announced this week that home buyers and sellers can now access real estate listings on Coldwellbanker.com in 28 countries via iPhone and Blackberry phones. Read the rest of this entry

Wilmington NC Real Estate Appointments

Wilmington NC will be the first city offered the state of the art eshowings integrated with the local MLS.  The system was implemented on January 2 and offers the unequaled combination of skilled real estate appointment specialist with the sophisticated showing software. Real estate agents in Wilmington NC can simply click on the listing in MLS for a showing appointment for any Wilmington NC real estate property and are given virtually instant confirmation to show the property, complete with showing instructions set by the homeowner. Read the rest of this entry